Review of Fiverr
Many individuals wonder in a constant flow of activities how they can increase incoming cash flow. With a majority having already busy schedules, it is important to find the right balance. Freelancing is a popular option because it allows you to choose your own hours. The term “freelancing” is general, but essentially it is any work you do on your own time to generate income. Whether it’s writing like I do, or buying and selling items, or creating crafts, any of these roads can generate a respectable side income.
Fiverr.com is a platform that I have utilized with success, and it allows me to earn income beyond my 9-to-5. This is a market place where you post your service or products, and people will search you out, requesting what you have to offer. This article will go over the benefits, drawbacks, and if it might be right for you.
Fiverr has many different services from writing, editing, to logo design. If you are an individual that has technical, writing, or editing skills, then this might be right for you. Should you be an individual that creates arts and crafts, Etsy.com may be a better option, but you may find you are able to adjust your work to fit the Fiverr audience.
The setup process is very simple, filing out all the necessary information with selling online. Once you’ve completed those steps, you can begin organizing your services into one to three categories. For example, on my Fiverr page, I have three different tiers that I offer individuals.
This is completely customizable and you can set price, length to complete the service or product, and what you are willing to include for that price range. Also, ensure you have a completely populated profile and a professional photo, as this will lead to better chances of being selected.
Once you are set up, you can begin marketing yourself and begin servicing your clients. A benefit to working on Fiverr is it is completely up to you how you work, what you are willing to provide, and when you work. For those with busy schedules, this will fit perfectly into your lifestyle.
A second benefit is you are already going where there is a market. It may be difficult standing out at first, but instead of drawing people to where you are, you can go to where the eyes are currently looking. Having that marketplace shaves some time off locating clients.
One of the largest drawbacks in my opinion is Fiverr will take 20% of your sale price. If you sell a service for $100, they will take $20 as a fee, leaving you with $80. Yes, this is a substantial amount of money, but it is justified well by having the platform in place, with an active community, and services at your disposal. It takes awhile to get used to it, but as of right now it is justifiable.
Another drawback is Fiverr will hold your earned funds for two weeks. This is for safety and security of everyone involved in the transaction process, but can be a bit of an inconvenience if you are in need of cash quickly. However, once you get a steady stream of income, you won’t notice it as much.
Fiverr is a solid platform to begin building your reputation in the freelance world. Gaining trust is critical to building your freelance portfolio and earning a steady income. This site allows you to access an audience that’s already in place and helps in getting your brand out there.
The drawback to consider is the 20% takeout of your sales. However, if you have a website, you can begin adding your published work there, cross promoting both aspects of your brand. Be sure not to violate the terms and services, though, by requesting payment outside of the platform, as this will get you penalized.
For those just starting out, give Fiverr.com a try and see if this is right for you. It’s a great way to begin building your freelancing brand and reputation!