Make money: Fiverr Review
Updated: Sep 7, 2021
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Continuing our "make money" series I thought I'd dive into one of the 31 different side hustles we've posted about. Fiverr is an outstanding platform for gig workers, or anyone looking to make money on skills they have acquired through formal or informal education.
How does Fiverr Score:
Cost and Fees: 10 out of 10 (you can make a lot of money on Fiverr)
Security: 8 out of 10
Ease of Use: 6 out of 10
Features and Tools: 9 out of 10
Overall: 8 out of 10
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What is Fiverr?
Fiverr is a gig platform to list and find gigs. Below is what Wikipedia has to say about Fiverr
"Fiverr was founded by Micha Kaufman and Shai Wininger, and was launched in February 2010. The founders came up with the concept of a marketplace that would provide a two sided platform for people to buy and sell a variety of digital services typically offered by freelance contractors."
It's amazing that the Israeli tech scene produced such a cool and useful tool for gig workers. Shai Wininger went on to found Lemonade, an amazing and innovative insurance tool that you should check out.
How does Fiverr work?
Fiverr works in two ways. First, you can work gigs and set up a profile to build your credibility over time. Second, you can sign up and post a job to the site.
For those looking to build credibility over time Fiverr has a neat take on something we have all seen. You, as a gig worker, earn ratings over time. Each gig you complete you get a rating from 1-5. Over time, as you build up your rating and the number of ratings you have earned you can get listed higher in search results. This allows you to take a larger portion of gigs similar to the gigs you are earning building credibility on. Similar to a flywheel, or the virtuous cycle that Jeff Bezos made famous, as you build more credibility the more gigs you get, the more gigs you get the more credibility you earn, and so on until you are making great money on the site.
Fiverr pricing depends on your perspective. If you are looking for a gig, then you can make as little as $1 and as much as $1,000 or more. If you are looking for someone to take your gig then you need to know what you are willing to pay in order to have the work done. You set the standards for quality on your gig and you set the price.
Multi-Currency Support - You can get paid in what ever currency you prefer. This allows you to take Fiverr around the world with you and ensure you have the currency you want and need.
Subscriptions - In 2021 Fiverr announced the release of subscriptions. With this service a gig worker can offer a subscription for their service in order to work consistently for a single "employer".
Private Communication Platform - Instead of having to take a conversation off-line, into WhatsApp, email, or phone/text, you can communicate directly via Fiverr's messaging platform.
Custom Offers - You determine your worth on Fiverr and if someone isn't willing to pay what you are asking you can modify it at any time. In addition, you can build custom packages for individuals to purchase.
Multi-Category Jobs - Are you a jack of all trades? Website design, graphic design, and jingle writing? Well, you can offer all services in a single package for someone to purchase from you!
Secure Payment Gateways - This is a must for any platform bringing buyers and sellers together.
Freelance Marketplace - This is the backbone and base of what Fiverr is all about. Their freelance marketplace ecosystem is as robust as any out there.
Seller Rating & Feedback - An all important feature in today's gig economy. If you build credibility and have proven you worth, than any platform that can help you highlight that is a better platform for you and anyone trying to find you. Fiverr has the best rating and feedback system of any gig platform.
Courses - This might be the most important feature of the platform. You can improve your knowledge and ability to get gigs by taking courses offered on Fiverr. Think about this for a minute. If you are in high school, or middle school even, and you have a passion/want to learn about something, you can build up your profile on Fiverr and start to make good money at a very young age doing something you are passionate about. You don't have to go to college, or anything like that, and you can make good money on your own time. THAT'S AMAZING!!
Broad array of gig options
Finding a seasoned pro to higher is easy
Not super intuitive to use
Takes lots of time to build credibility and gain traction/ratings
High level of competition if you are trying to get noticed
Who can benefit from using Fiverr?
The goal of Fiverr was to help businesses scale fast by finding workers to knock out work that they would otherwise have to hire a part-time or full-time employee for. The variety of gigs offered and the variety of skilled workers available means that nearly anyone can find something they need on Fiverr.
Those with more unique and/or in-demand skills can really benefit from what Fiverr has to offer. Similar to any job market, if you have in-demand skills that are hard to find then you can command more money for that work. On Fiverr, if you are able to build a robust and high-performing profile you will be able to benefit much more than others on the site. As with many things, it takes time for you to "earn your stripes" on Fiverr, but the payout and additional money can really make it worth your effort.