The major difference between popular freelance marketplaces like Upwork and Fiverr is the process of working with clients. Working with clients on Upwork means constantly pitching for new jobs. But, new work doesn’t happen in the background without your input — you have to be proactively on the hunt when you want it.
Fiverr, on the other hand, is a completely different story. With it, you essentially productize your service via Gigs. Each Gig describes a specific deliverable you’ll provide in exchange for a set price, starting with the words, “I will.” Thus, you can offer different packages that involve bare-bones offerings, up to “the works”. And in addition, you can also offer Gig extras.
Whilst, allowing people to customize your offering with related services they’ll benefit from. But, the best part about Fiverr is that because of the way Gigs are set up, clients are empowered to make purchases without even talking to you. This means that if your Gig is the right fit for their needs, at the right time, you can be making sales while you sleep.
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Undoubtedly, from time to time, people will still get in touch with questions or ask for custom deliverables. Using Fiverr doesn’t mean that you can do away with business development completely, though it will certainly help you streamline the process.
At the end of the day, if you want to make more money as a freelancer, reducing the time you spend actively pitching for jobs means that you have more time available to do the work.
What is Fiverr?
Fiverr is an online platform that allows buyers and sellers to connect so they can buy and sell digital services. It’s an online marketplace for freelance services with low-cost providers from all over the world. Whereby, it gets its name from the starting price of services which is $5. So, why Fiverr?
Simply, because freelancing is becoming a legitimate option for many online professionals. As it lets them lend their expertise to clients around the world. Similarly, business owners who don’t have time to handle all their needs often look to freelancers too. In order to produce quality content on their behalf.
With that in mind, this is where a website like Fiverr comes in. They’re one of the most popular sites for professionals who want to lend their expertise. As well as for clients looking to purchase quality content and services.
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In short, it’s a platform that offers a wide range of digital services. Some of the most popular services include logo design, WordPress customization, transcriptions, video editing, and social media posts among many others.
And as I said, it’s an online web platform that allows buyers and sellers to connect and facilitates transactions for digital services. Such as website design, logo design, transcription, copyediting, and many more products. Their name comes from the original price for all services being just $5.
As an online marketplace for freelance services, Fiverr provides businesses and clients with low-cost providers from all over the world. The main idea behind the company is to streamline the process of hiring or getting hired as a freelancer.
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Freelancers and clients, all too often, must work through a middleman or an obstructive HR department. But, by providing direct contact between these two parties, Fiverr allows professionals to freely sell their services. While helping businesses coordinate their purchases much more efficiently.
Usually, it lets clients pay in advance for Gigs, which constitute any digital service. Ranging from WordPress design, logo creation, and writing services, to even voiceover work. And although all services were priced at $5 when the site initially launched, freelancers can now set their own price.
More so, to whatever they choose and can offer package deals, or Gig Packages. You can read and learn more about it’s features in detail.
How Fiverr Online Marketplace Works
Basically, the idea behind their brand is to streamline the process of hiring or getting hired as a freelancer in one unified marketplace center. Their online marketplace cuts out the middleman of hiring, firing, and HR departments. Smaller businesses can get things done on a more case-by-case basis.
By the same token, freelancers have the freedom of selling their services at any time to any company. While, on the other hand, it lets clients pay in advance for Gigs, which constitute any digital service. Ranging from WordPress design, logo design, writing services, and transcriptions, to even voiceover work.
Although all services were priced at $5 when the site initially launched, freelancers can now set their prices to whatever they choose.
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They can even offer package deals or Gig Packages. And as such, its online marketplace works by letting buyers pay in advance for “gigs.” Not to mention, they are any type of freelance service. Whilst, ranging from web design to social media marketing, to copywriting.
When Fiverr first launched, all its Gigs were originally priced at $5. However, as of today, freelance sellers can decide to charge more or offer packages of services. Orders are typically completed within a day or two. But, the delivery time is set by the seller and can take longer if the seller has a queue of orders.
When your order is successfully completed, the seller will receive 80% of the total order value. For example, a $5 gig means the freelancer will receive $4 for a completed order.
Their marketplace includes:
- Data
- Lifestyle
- Business
- Music & Audio
- Graphics & Design
- Digital Marketing
- Writing & Translation
- Video & Animation
- Programming & Tech
- Articles & Blog Posts
Fiverr Terms Are:
- Gig: A service offered on Fiverr’s website. Gig example: “I will write you an excellent press release for $5”
- Seller: A registered user (freelancer) who offers Gigs
- Buyer: A registered user who purchases Gigs (When a Gig is purchased, it’s called an order)
- Post a Request: A buyers request for services (Gigs) if they have a specific need
Want to Buy on Fiverr
As a buyer, you can browse through their category pages, or use the search tool to find a Gig you are looking to purchase. Once you hit search on something like a translator, for example, you will find that a list of translators pops up.
Sorting through all the options can be tricky, which is why it’s important to read through the descriptions of each service offered and take a look at their portfolio. You can also message the seller with any questions and see if your specific project would be something that they can do.
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Once you are ready to make a purchase, there are several ways to pay. Fiverr recommends that you go through their site in order to make sure that the payment is secure. All purchases do have a processing fee of $1 on purchases of $20 and below and 5% on gigs over $20.
Once you purchase a gig, the order goes to the seller. The money will only go to the seller once the order is completed. Before the order is completed you have the option to review and potentially request changes depending on the nature of the gig before the full payment goes through.
What to Sell on Fiverr
When deciding what to sell on Fiverr, the best place to get inspiration from are Fiverr’s own category pages. You’ll find tons of different categories and subcategories there. And all of them feature multiple Gigs. Browse through those categories and visit the ones that play to your strengths.
Then browse through the individual Gigs and take note of everything that looks like something that you could offer as well. Note down what you like about each existing Gig and its description, what you don’t like, and what you would do to make your offer stand out.
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Mimicking your competition at least to an extent is the easiest way to get started and find the exact types of Gigs that people actually want to buy. But, What if I want to offer something that’s not on the platform yet?
Well, at first, offering a completely original Gig may seem like tapping into a hidden niche. But it’s usually not like that at all! If you can’t find your Gig on the platform then it probably means that customers are not really that interested in it. In business – and even in web design business – competition is good.
The sole presence of competition validates the market. No competition, no market. For example, the Programming & Tech category covers a wide range of deliverables that may speak to your skills.
For a web developer, Fiverr Gig offerings might include:
- setting up a basic website,
- offering WordPress maintenance services,
- fixing bugs,
- implementing security tools,
- customizing plugins,
- building landing pages, etc.
If you want to join the platform as a new developer, doing something from this range is likely your best bet. Only later on you can experiment with other Gigs or more tailor-made offers. For example, something I started doing recently is connecting the dots between my UX and SEO audit Gigs for buyers.
People may not realize that I can offer both services when initially coming across one Gig or the other. I now offer the ability for someone to buy the other Gig (the basic package) on the one they’re currently looking at. I’ve been pleasantly surprised by how well these upsells are performing — I hope this same strategy can help you!
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On a related note, for complementary services that customers request but you either can’t or don’t want to do, consider setting up a Fiverr Studios Gig. Where you can work with another seller and both share in the profits. Something like this would be a great fit for my SEO or UX audit Gig. Why?
Simply, because both involve diagnosing website issues. And then partnering with another seller to make website edits that will help buyers pass a future audit. Now that you’ve had a chance to see what’s possible with Fiverr, let’s dig into the single most important facet of finding success:—
How to Setup a Stellar Fiverr Gig
One of the most important things you can do when learning how to make money on Fiverr is to be very purposeful in constructing your Gigs. It’s also important to realize before you create your first gig, you should experience how buyers see gigs. So that you’ll understand how to create a gig that stands out!
In addition, before you can post your first gig, you’ll need to create an account to join. You can sign up by either using your Facebook account, Google account, or email address. Once you’ve chosen how you’d like to create an account, you’ll have to choose your username.
You’ll also need to either create a password or enter an email address. Once your account is created, simply go to your inbox, activate it, and go on to fill out your profile.
As can be seen, above are some example Gigs that are currently on offer. As well as some associated statistics regarding performance in search and conversions over the last six months. Initially, you’ll be limited by how many Gigs you can set up.
As well as how many Gig extras (upsells), and Gig multiples (multiple quantities of your Gig’s deliverables) you can offer. With that in mind, you can read and learn more about How to Post a Gig on Fiverr (EXPERT TIPS).
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And as you move up each seller level, you’ll have increasingly fewer restrictions in each of these areas. These initial limitations might be frustrating if you have a lot of ideas for what to sell on the platform — but try to think of them as a good thing when you’re just starting out.
The fewer services you sell, the easier it will be to create a great process around producing deliverables and providing a great buying experience.
Is Fiverr For You?
For freelancers, Fiverr requires a lot of work and marketing, just as any business does. The payoff is working your own hours from home and the potential to earn more than you could work another office job. Success stories for freelancers on the site include people like Charmaine Pocek who have earned tens of thousands of dollars a month.
For employers or buyers, you have the opportunity to save as much as 30% in payroll costs by bypassing HR and paying for full-time staff. Fiverr also gives you the opportunity to work with all different kinds of people so you can find who works best for you without having to hire and fire people along the way.
Here is what I love most about Fiverr:
Surely, you may be asking yourself, “why should I choose Fiverr over another freelancing platform?” Of course, there are plenty of quality freelancing websites available. But, when it comes to small fixed tasks like transcription services, Fiverr is my preferred solution.
For one thing, it works by giving sellers a way to post “Gigs” at a fixed price. This takes negotiation out of the equation. If you were to hire a transcriptionist on UpWork for example, you’d have to post a job or review applicants. As well as sort through a wide variety of different proposals and pricing structures.
On top of that, Fiverr gives you a flexible window to review your transcribers’ work. Meaning, you can request refunds if you aren’t satisfied with transcription and want to hire another freelancer instead. Another great option I love about it is that you might also turn to automated transcription software so easily.
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These programs take audio from podcasts, videos, or other forms of recording and recognize different words to produce a transcription. We can’t deny that these tools are incredibly fast and provide other benefits like automated time stamps.
However, there’s no denying that hiring a freelance transcriber gives you superior results. AI technology still has a ways to go, and these tools routinely misspell names and words. They also can’t figure out more conversational and casual sentences.
While they’re a good start, you’ll find yourself having to correct these automated transcriptions after they’re available. Why not hire a skilled transcriber on Fiverr to take care of everything instead?
Takeaway,
An online marketplace (such as Fiverr) is like going to a farmer’s market but in a digital environment. So, in other words, an online marketplace (like jmexclusives) is an e-commerce site that brings sellers and buyers together in one place.
For instance, let’s say you need to transcribe an interview or a video. The first option you might turn to is to just do it yourself. After all, it’s just listening to people talk and writing it down, right? Well, not necessarily. One aspect of transcriptions in the Fiverr Marketplace that most people don’t think about is how long it takes.
Since the human brain and ear can only process so much information at once. Therefore, trying to follow fast conversations while jotting down everything they say can be a hurdle. While it’s completely doable, you might not have the time to get the most accurate transcription for your research or other projects.
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Plus, it’s hard to format a transcription in a way that accurately depicts the tone and flow of a conversation or video. As an example, have you ever left a Zoom meeting? And been stuck with the task of putting together meeting notes based on a recording?
Or even have you ever published a video on YouTube on the first thought? And then thought to yourself, “Well, it would be nice if I had the text from the video to add to the description.” Doing a transcription definitely isn’t brain surgery.
Finally, it’s my hope that with this guide, you too can now easily start using the online marketplace right away. But, if you’ll need more support, you can Contact Us and let us know how we can help you or your team. You can also share your additional thoughts, contributions, suggestions, or even questions in our comments section below.
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