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Can I Make Money With Fiverr.com? Tips to Turn $5 Jobs Into Riches
While Fiverr is not the quickest way to get rich, it can provide stable, guaranteed income (provide you self promote). Additionally, the networking opportunities make it much more valuable than the $4 per gig that you actually make.
The three stars are for the potential to make money. The missing two stars is because it can take a lot of work to make a small amount of income on Fiverr.
For more tips on earning with Fiverr, visit my blog FiverrDaily.com.
Anyone who has taken a look at Fiverr.com can recognize the genius of the developers of this website (as can be evident in the countless clones created of this website). Fiverr is a marketplace for micro-jobs. Anyone can post what they will do for $5 and people will purchase their "gigs". Once the gig is delivered, Fiverr delivers $4 to the person who did the job and keeps $1 for their services (hence the reason it is such a great business to own - you receive $1 for every task accomplished!).
The ultimate question is, however, "Can I make money on Fiverr?"
Sure $5 (or, I should say $4) here and there is nice, but it is not necessarily the greatest way to get rich. How can an internet entrepreneur make the most of Fiverr.com and actually make money?
Here are some tips to help you enhance your online earnings by using this micro-job site.
Fiverr Tip #1: Post Jobs That You Can Quickly And Easily Accomplish
I quickly learned that Fiverr is not the place to sell your time. After all, not only are you selling your time in increments of $4, but you are also competing against people from around the world who can sell their time for far less than you.
It is possible to find a virtual assistant on Fiverr for 1 hour, 2 hours, or even 3 hours for just $5! This is great if you need a virtual assistant, but it is not so good for those who are trying to make money on Fiverr. Personally, I believe my time is worth more than $1.25 per hour.
I've posted several gigs saying that I will proofread documents, articles, etc. While this is not that difficult, some of the work as still taken me 30 minutes to do. Of course, while $8/hour is not terrible for a student, I still prefer to make more from my online work.
For someone just wanting to make a few extra bucks, posting whatever jobs that you want on Fiverr is no problem. However, for those interested in actually making some money from Fiverr, consider following the below advice.
Jobs to Avoid on Fiverr:
- Virtual assistant positions - few people will pay for 15 minutes of your time and your time is worth more than $4 an hour.
- Proofreading over 500 words - if you can read quickly and easily correct grammar and spelling, then Fiverr can help you earn some extra money. However, set a clear limit on how much you will do.
- Passing out flyers - unless you really have nothing to do but wander the streets, avoid this type of gig.
- Graphic design or artwork that takes more than 10-15 minutes - while this can be a useful way to build up a portfolio (see below), do not value your time for just $5 per job. There are people willing to pay hundreds and thousands for good design work.
- Any other lesson, tip, advice segment, etc that takes more than 15 minutes - simply value your time and recognize that it is necessary to include the time contacting employers, promoting oneself, and doing renditions to a gig into the price.
Jobs Worth Your Time to Post On Fiverr:
- Tweeting a link - for anyone with a large following on twitter (or any other social network for that matter), a simple post to your profile is likely worth the $4 that you will receive. At $4 for 2 minutes, you are making $120/hour. Not bad!
- Selling an ebook/program/etc - providing people with a file for $5 is worth the time. Again, it costs you nothing to do and simply takes a few minutes to send the file, document, program, etc. This can be worth your time.
- Creating a short testimonial video - for people talented in front of the camera, spending a few minutes reviewing a product or website can be an easy and fun way to make a few dollars.
- Sending YouTube, Facebook, or Twitter likes to a person - clearly, providing someone with 100,000 YouTube views is not worth your time if you have to click on the link 100,000 times. However, if you are tech savvy enough to create a program to do this, then by all means, go for it!
Although this is not an extensive list of the jobs that you should and should not post, it should reveal the key element to keep in mind - the value of your time. Do not waste your time doing jobs for menial amounts of money. Value your time first, and post jobs that will not treat your time for less than it is actually worth.
Buy My Gigs!
As an example of promoting one's own gigs, here is a link to my personal Fiverr profile where you can view my services. If you are interested in something that is not posted, feel free to contact me via Fiverr or HubPages.
I look forward to interacting with your charming self!
Fiverr Tip #2: Self Promote and Contact Buyers Directly
While selecting a gig that will actually provide money for your time, promoting it is just as essential in order to make money. Promotion is essential with any business and Fiverr gigs are no different. With hundreds of thousands of gigs by hundreds of thousands of people, what sets your gig apart? Why should people purchase from you?
After being on Fiverr for a while and building up a reputation, jobs will start coming to you on their own. However, in the mean time, it is essential to promote yourself any way you can.
How to Promote Your Fiverr Gig:
- Share what you are doing with your personal network.
- Post on forums and blogs.
- Buy other people's gigs.
- Contact buyers directly.
While the first two methods are self explanatory, the last two may require a bit of expounding upon.
Firstly, there are a huge number of great gigs on Fiverr. You can find people to promote virtually anything. If you have a gig that is going to be valuable for musicians, consider buying a gig that says "I will tweet your message to my 10,000 twitter followers who love music". Pay $5 to have your gig tweeted and you may end up with more customers than you can handle.
My personal favorite way to find clients is by contacting people who have posted needs on Fiverr. People are able to request gigs on Fiverr - stating what they need done. By contacting these people individually, you already know that there is a demand for the service, you simply have to be the first to respond to the post.
Fiverr Tip #3: Use Fiverr to Network and Develop Relationships
While a $5 gig is not worth much money, the potential of building up a long-term relationship can make that $5 worth much more. I have had employers like my gig and purchase 10 more from me. Additionally, I have found clients interested in other, more expensive, services that I provide - such as writing, marketing, and networking.
Fiverr is an invaluable marketing tool for a freelancer or online business consultant/professional.
If you are struggling to find clients for your business, or need to develop a larger portfolio with positive references, Fiverr is a great tool. Consider using this website to strengthen your online presence and start building relationships that can enhance your professional life for years to come.
Fiverr Tip #4: Use Fiverr to Outsource Your Business
Not only do I find work on Fiverr, but I hire other people on Fiverr as well. When I need to do a simple task for a client that I do not have the time to accomplish myself, I simply higher someone else to do it for me on Fiverr. Of course, there is always a risk of the job being done poorly, but if you are smart, you can find talented people capable of doing the work that you need done.
Yes, even when work is outsourced to you, you can outsource it to someone else - that is the beauty of the internet. In fact, I even know of some people who will put together packages, using Fiverr, and then sell these packages for a markup on other platforms or to clients individually.
Whether you are behind on your own work, or whether you are looking to expand your business, consider using Fiverr as a tool to find talented, effective, and interested employees and partners.
Have you ever used Fiverr.com?
Conclusion: Fiverr Can Help You Make Money and Market Yourself
It is important to remember that many people who purchase gigs on Fiverr are looking to get things done cheaply. Therefore, these customers, while you must keep them happy, are not worth an extended investment. However, if you structure your gigs to take a little amount of time and use them to segway into more valuable jobs, Fiverr can be a huge asset in the Freelancers marketing arsenal.
Do you have experience buying and selling on Fiverr? Have you discovered other valuable tools for those involved in working online? Share your thoughts and comments below.