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What is Fiverr and How does Fiverr Work

what is fiverr

What is Fiverr?

What is Fiverr? The answer is the word itself. The word ‘Fiverr’ is originated from ‘Five’. Fiverr is one of the largest freelance marketplaces where the sellers offer their services for $5 only. This is a famous micro-jobs marketplace that deals with the most diversified categories of work.

A Brief History of Fiverr

Fiverr started its journey on the 1st February 2010. Shai Wininger along with another co-founder Micha Kaufman started their mission of ‘Five’ from Tel Aviv, Israel. At the beginning stage, the sellers could sell their services known as ‘Gig’ for $5 only. But with the passes of time Fiverr has changed their terms of service. Now, one can start selling his offer at a higher price than $5.

How does Fiverr Work?

Unlike ‘Freelancer’ and ‘Client’ of other marketplaces, Fiverr works as ‘Seller’ and ‘Buyer’. I shall describe this section from the seller’s side. In most of the freelancing marketplaces, the clients post their jobs and the freelancers have to place bids to get the work order. But in Fiverr, you do not need to bid for any job. Rather you make your Gig, fix your price and offer it to the customers. The minimum rate of any service is $5. You can set a higher price also. Fiver keeps 20% of the selling price as their service charge from the seller. That means if you sell a Gig for $5, Fiverr will deduct $1 as their fees and you will receive $4. Their charge is higher than other freelance sites like Fiverr. But still Fiverr is suitable for the beginners.

What is a Gig?

The service you sell on Fiverr is called Gig. Each Gig has a Title, Description, Price and Delivery time. You can add lucrative image or video of your Gig. Adding a video is highly recommended. It helps to increase your sale. As a new seller, you can create at most seven Gigs. However, you can increase the number of Gigs if you go to the upper level. You can offer three different packages in a single Gig. That means if you create seven Gigs with three package offer for each, you have 21 different types of packages for your buyers. You can also offer Gig extras and make more money from them.

How to Start Selling on Fiverr?

From the above discussion, you have got a clear concept about what is Fiverr and how does Fiverr work. Now you can easily make money online without investment from freelance sites like Fiverr. Sign up on Fiverr with your Email address, Username and password. Create your Gig on which you are expert enough. But before creating your first Gig you should browse the other sellers’ Gig. See how they write the Gig title and Description. You can set up 5 keywords for a single Gig. Select your keywords very carefully. The keywords of your Gig should be relevant to your service so that your buyer can find your Gig easily.

What to Sell on Fiverr?

Better you can ask what you can’t sell on Fiverr? Because in Fiverr there are several ways to earn money online. There are eight main categories on Fiverr – (1) Graphics & Design (2) Digital Marketing (3) Writing & Translation (4) Video & Animation (5) Music & Audio (6) Programming & Tech (7) Business and (8) Fun & Lifestyle. Under these categories, there is a large number of subcategories. So your opportunities are huge. You can sell any expertise you have. For example, if you can talk well and make fun, you can sell your Gig on Fun & Lifestyle category. You can charge $5 for 15 minutes fun talk with your buyer!

Payment Methods of Fiverr

You can withdraw your income through PayPal, Fiverr Revenue Card (Payoneer Master Card) or Local Bank Transfer (LBT). Direct deposit option is available for the US sellers. Each method has its own service charge and fees. You can see Fiverr’s Terms of Service for more information.

How Much Can You Earn from Freelance Sites Like Fiverr?

If you exactly know what is Fiverr and how does Fiverr work, your opportunities are huge to earn from here. Though the price of a Gig is as low as $5 only, you can offer a higher price at the beginning stage also. Moreover, you can make more money by offering Gig extras and extra fast delivery service. But do not overrate your Gig. It is recommended to start selling at the rate of $5 or $10. If you charge a higher price than other available competitors, you may lose your potential buyers. If you browse through Fiverr, you can see that there are many sellers who are earning pretty enough money from a single Gig. So you make your own strategy and make money online without investment from Fiverr.

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