Yes, as you might have noticed, this is a thread about the Fiverr marketplace.
As most of you already know, microjobs are a big part of the online service offering. Microjob marketplaces are basically websites where you can outsource small projects to professionals for small fees, sometimes even pennies. Fiverr is one of the marketplaces that stood out of the crowd when they set a single price for all jobs, $5. It was a great deal both for normal people and professionals alike, because normal people could finally afford professional touches on their projects, while experienced users found a place where their time wasn’t paid in cents, like on most microjob websites.
From the $5 you were paid, $1 was Fiverr’s fee. This meant that users were paying $5 per gig, while workers received only $4. You might think that this isn’t all that much, but some people ended up making thousands of dollars monthly. And that was because most gigs were tasks that didn’t take the experts more than 5 minutes to finish or jobs that were finished using automated tools. This worked great for everybody, especially within the SEO niche, when ranking websites was something pretty new. You would pay someone $5, they’d blast your website to first place in Google with some xRumer links and everyone was happy.
As SEO started evolving and ranking websites wasn’t as simple as spamming your link profile with poor quality forum profiles, people started to realize that you can no longer simply buy your place on the first page of Google with $5. Somewhere along the way, professionals all around the internet started talking about how, although Fiverr is very cheap to use, you only get what you pay for, so you shouldn’t expect booming results.
Currently Fiverr has changed a little its service cost policy. The main job you post will have to cost $5, but you can add extras that can increase your earnings quite a bit. This means that you can post your thread about building a logo for $5, but you can add an extra for a banner or a video for the same business that can cost $50 or even more. Some workers are even placing a gig with an initial price of $5, but ask you to buy extras worth $50, to reach what they consider a right price, before even starting the job. This kind of ruins the whole idea behind Fiverr as a market, and personally I do not enjoy seeing workers force their way into higher commissions. Although people are charging a lot more for their services on Fiverr, some over $50 per service, the marketplace just can’t move away from its tag of cheap but poor quality workers.
Recently I have tried to sell one of my services on Fiverr. It wasn’t in the SEO niche. I don`t like the niche, it’s oversaturated and it’s not really something I consider myself an expert in. My experience was pretty dissapointing, to be honest. First off, the description you write has to be short, just under 1,200 characters long. That means that you have to explain everything you’ll do within just a few paragraphs. Then you must make it unique enough so people get interested, but common enough so people search for your gig.
But that wasn’t even the part that dissapointed me. The fact that you pay 20% to Fiverr, ($1 from every $5 you make) but don’t get anything from it, is brutal. Some successful marketplaces offer you a first page listing or a newsletter place when you submit your gig for the first time, to get more exposure, more sales and gain confidence in them. Fiverr offers you just a first place listing in the new gigs section, that isn’t the top attraction or used by a lot of people. I have promoted my gig myself for most of not all of the sales I got so far.
Although this service isn’t for me, it doesn’t necessarily mean it won’t work for you. If you don’t mind getting paid $4 for a job, then you might be one of the workers that will enjoy using Fiverr to promote their services.
Here are some tips if you plan to start using Fiverr to sell gigs:
- Be sure whatever you plan to sell doesn’t take you more than 5-10 minutes to finish.
- Be sure that what you do is at least partially automated, if not in full.
- Be sure you stay away from the oversaturated niches like SEO.
- Make your gig unique but add key tags and well researched keywords to ensure you get sales
- Don’t forget to add anything you can do to improve the gig in extras
- Promote your gig, don’t wait for Fiverr to find interested buyers.
- Be a professional, bad reviews hurt your listing the most.
My experience wasn’t as great as I though with Fiverr, but that doesn’t mean that it can’t become your full time job. I am more of a hard work, high commission type of person, so the $4 profit part really bums me out. But if you want to make a salary just from $4 gigs, there are quite a few people aready doing it and it seems like it works.