If you aren’t familiar with Fiverr, it’s a marketplace for micro jobs known as “gigs” – allowing you to buy and sell products and services starting at $5 (with Fiverr taking 20% of the sale price). From creating logos, to mention on social networks, to selling postcards, almost anything can be bought and sold on Fiverr.
What many people wonder, however, is whether or not selling on Fiverr is worth the time, effort, and pay. After all, is spending an hour of your time to write a 500 word article worth $5 ($3.92 after Fiverr and Paypal fees)?
The answer is: It depends. Let’s discover why.
When Selling on Fiverr is Right for You
Getting $4 for a task is not much, but it can add up over time. In fact, there are some people on Fiverr who have made thousands of dollars from their little tasks.
Additionally, Fiverr offers “gig extras” to sellers who have at least 10 sales. This allows you to charge as much as $50 for an “extra”. For example, you could tweet about someone’s new book for $5, or write a review on your blog and share it with all of your social networks for $25. This allows you to offer something quick for those who only want to spend $5, and something more substantial (for you and the buyer) to those who can pay more.
Selling on Fiverr is right for you if:
- Doing the task for $5 is worth your time (based on your desired hourly income).
- The gig helps you improve your experience and portfolio. If you are a graphic designer who needs a portfolio, for example, selling a few logos for $5 gives you something to show.
- You benefit from the task directly. Selling a guest post on your website gives you extra content – provided the article is good, this can certainly be worth your time.
- You can upsell with gig extras. Making $50 for an hour’s worth of work is not a bad deal.
- The job is fun. Some people love designing, writing, making stupid videos, and taking pictures. If you are doing something you love, making money is a sweet bonus on top.
When You Shouldn’t Sell on Fiverr
I have read multiple articles about people condemning Fiverr as an online sweatshop. And I can say from experience that, if you don’t choose your jobs wisely, this can be true. If you sell 3 hours of your time for $5 (and you live in a wealthy country), this is foolish. Therefore, knowing what not to sell on Fiverr can be helpful as well.
Don’t sell on Fiverr if:
- The amount of time to complete the job isn’t worth the money you will make.
- The quality of the gig is not going to be worth the cost to your buyers.
- You want to find long-term clients. Although some Fiverr gigs can lead to extended work, many are one-off.
Most people can find something worth their time to sell on Fiverr. With a little creativity and promotion, making money on Fiverr can come pretty quickly and you can have fun making it.
To conclude, only sell on Fiverr if it is worth your time. Don’t expect to over a 500 word article for $5 and expect the buyer to magically pay you $25. If you work hard and smart, making money on Fiverr is a very plausible way to add to your income.
Check out the next page to see some ways that people are earning a LOT of money selling gigs on Fiverr.
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