What is Fiverr?
Fiverr is a website that helps freelancers and buyers collaborate on projects. In Fiverr’s gig economy, buyers can engage suppliers in their projects in three ways:
- Create a buyer request with details about the item
- Select a provider they have used before
- Browse users in a niche market where they want to find someone to take on their project
How do sellers make money on Fiverr?
It’s a bit of a catch-22 for sellers on Fiverr. When you start your journey on Fiverr, it’s unlikely that many people will ask to collaborate with you because they don’t know you and you don’t have any comments for them to view your work.
There are two ways to solve this problem. One is questionable but used, but your account can be deleted if caught. That’s asking friends and relatives to buy gigs and give you great testimonials. Fortunately, most buyers are smart enough to see through this.
The best approach, at least initially, is to browse buyer requests to find works to bid on. This is an opportunity to explain how you can do the job better for buyers than others. Also, at the beginning of your supplier journey, it’s important to keep your prices reasonable so that buyers are more willing to give you a chance. After all, risking $5 or $10 for something that could be great is really nothing, right?
How to get more money
Obviously, you need to get more gigs. But before you do that, you need to finish the gigs you’re really good at. That means they must be really good. Whether your client pays you $5 or $50, the work you do should be great. That way, you’re more likely to get reviews (you don’t always get reviews, but don’t worry, you will get a few).
As your reviews grow, more people will see them, see that you did a great job, and list your work without getting work from buyer requests.
Increase the price of the show.
Eventually, you’ll find that a lot of people are asking for a gig. There will be many people on your waiting list. This means people can see that you are cheap and want to grab you while you are still cheap.
Now is the time to adjust your gigs and increase your gig bills a bit. If the number of orders remains about the same, you earn more money per order. However, if your gig costs are too high, your sales will bottom out.
The way to find out if you’re charging the “right” amount for a gig is to ask your current clients and check your competition. If you are getting good feedback from customers and your competitors are charging you for what you do or more then you are in the right place.
Good luck and enjoy the gig economy.