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What Is Fiverr And Can I Make Money With It

According to Wikipedia Fiverr is a global online marketplace offering tasks and services, beginning at a cost of $5 per job performed, from which it gets its name. The site is primarily used by freelancers who use it to offer their services to customers worldwide.

How Does It Work

Fiverr.com is a digital based website offering freelancers the opportunity to sell their specialty services in the form of gigs. Every gig or micro-job listed on Fiverr.com starts out at $5 hence its name, but can go up in price based on the buyers specifications. At the same time, Fiverr also allows buyers an affordable way to purchase these gigs at low prices to streamline their own work projects.

Fiverr’s freelancers offer a variety of digital services such as; content writing, website reviews, graphic designs, marketing campaigns, programming, etc. Fiverr.com offers the following categories for Freelance Sellers & Buyers…

  • Graphics and Design
  • Online Marketing
  • Writing and Translation
  • Video and Animation
  • Music and Audio
  • Programming and Technology
  • & Gifts

What Do Sellers Get Out Of It

Fiverr sellers can use the service as a way to land a permanent job or build up your personal clients. The basic jobs can start at $5, but with upgrades and other services, you might be selling your services as high as $20-$40. The more you sell and the better ratings you allow you to sell higher priced goods. They can also use it as a way to showcase their work skills, artistic abilities, and is a great way to network their skills in their particular field of expertise.

However although Fiverr is the largest platform for gigs, they also charge the most in seller fees at 20%. So for every $5 dollar gig, the seller keeps $4 dollars. Also payouts are done via PayPal, and they usually takes around 2.5% from the transaction. So the Seller doesn’t receive all of the $5.

Why Do Buyers Use It

If you need to design a cool business card or header on your website, and you don’t have technical skills or access to Photoshop, this can be a huge time and money saver for your business.

Or maybe you have a website and you want someone to personally endorse your product or promote your website, you can find this too here on fiverr.com as well.

However buyers need to look at the job their are requesting for $5 dollars. If it’s writing 500 words of content, then you might get a good article, maybe not. But if its changing your websites host company to another host company which is a job for an experienced web master, then the quality might not be there for $5.

Summary

Fiverr.com provides an opportunity for sellers to earn money doing online gigs with the potential for consistent work as an alternative to the normal 9-5. Fiverr.com also provides a great marketplace for buyers who want something technical or that is outside of their skill set that they can get completed at a very small price, $5 is unlikely to break the bank. However how does a buyer ensure that they are getting a good quality service before they part with their cash? One way of doing this is to use a broker.

 

Making Money As The Middleman

Although Fiverr is based around freelancers and sellers there is a place for a middleman, these are called brokers. Brokering is simply bringing a seller of a product or service together with a buyer looking for that product or service and charging a fee to do so. It is possible to make $5000+ a month by being a broker.

To learn how to become a Fiverr broker click on the following icon

Fiverr Brokering secrets