If you work remotely and know how to make money on Fiverr, your earning potential is endless. With Fiverr, you can travel anywhere you want in the world, while putting your skills to use — and of course, get paid.
As it turns out, a lot of people aren’t quite familiar with it. Well, you’re missing out.
Fiverr has been through some big changes lately, but it still remains one of the best platforms for freelancers around the world. In case you possess a certain skill, such as graphic design for example, and you’re willing to put in the work, this could be a match made in heaven and with this guide, you will learn how to make money on Fiverr step by step.
In this post, I’ll show you what the platform is all about, how to get started, and what sort of jobs are available on Fiverr — including the top 10 most lucrative, and popular gigs.
Get Paid to Test Apps
Fiverr gained popularity through $5 gigs, but nowadays, that hard cap is gone. In fact, you can easily find gigs with an estimated budget of $1,000! Yep, you’ve read that right.
On Fiverr, the offered services are referred to as “gigs,” and many of them start at just $5 USD each, hence the name of the company. However, this is just the base pay. You’ll find plenty of gigs that pay in the same comparable range as other job service sites.
By connecting sellers directly with freelancers, Fiverr has grown to become one of the largest websites to offer an online service exchange. Its popularity in the industry makes it a desirable way to earn money while travelling, as a side gig, and even professionally.
How Does Fiverr Work?
Making money as a Fiverr seller is easier than ever. By completing the following steps, you can be up and running (and hopefully making money) with Fiverr in no time.
Register for a New Account
In order to make money on Fiverr, you must be a registered user. So, your first step is to sign up for a new account. Once you enter your contact information and details, you’ll receive an email confirmation link. After you confirm your new account, it’s time to start browsing for work.
Create a Seller Profile
Your profile is perhaps the most important way to get a job on Fiverr. It’s your opportunity to showcase your experience, skills, and history to buyers. Essentially, you need to sell yourself with your profile! This is the first thing buyers see when deciding who to hire, so make your first impression a good one.
Create a Gig
Now that you have a descriptive profile, you’ll want to create a gig to share with potential buyers. You’ll need to provide information on your services, requirements, and what you will charge. Think of the Fiverr gig as your job description. After reading your profile, a buyer will look through your gig to see if you are a good fit for their project.
Send Offers to Buyers
Although you can sit back and relax while buyers look through your profile, you’ll get more gigs if you work proactively. Some buyers will post a request for a service, which explains what they need to be done, when they need it, and how much they are willing to pay. As a seller, you can browse these requests and send offers directly to the buyer.
How Much Does Fiverr Cost?
Creating an account with Fiverr is completely free. This is one of the best features of the website. It won’t cost you a penny to browse or see what gigs are available.
As a buyer, you pay Fiverr upfront for the cost of the gig, as well as administration fees. And the fee will depend on how much you’re paying for the gig. The fee for gigs under $40 is $2, or 5% on gigs above $40. For example, if you are willing to pay $10 for a blog article, you will pay $2 to Fiverr before hiring a seller.
As a seller, you will be paid after the gig has been successfully completed. It’s important to note that you will only be paid 80% of the total order value. Fiverr keeps the other 20% as a commission fee. For example, a buyer offers $10 for a blog article. Once completed, you will be paid a final amount of $8.
Is it wrong to outsource my Fiverr gigs and collect the difference?
If we’re stickily talking about business, this is literally how the world works. Think about it for a second. Can you picture a CEO of a fast food chain flipping burgers?
What about a gas mogul working behind a cash register? The wage difference between the two spots is also something to talk about. Still, this sort of practice is entirely acceptable, and the same thing goes with Fiverr.
The term for it is online arbitrage. You can see it with people buying tons of goods from Alibaba, just to resell it somewhere else for double the margin, thus creating profit. Don’t think that famous brands don’t resort to this tactic as well.
The iPhone is a perfect example of this claim. Who knows how many companies are in charge of making smaller components, but the products are assembled in Apple factories. And don’t even get me started on the final prices…
sum it up
Fiverr has been around forever, but now, it offers some tremendous possibilities to freelancers. Judging from my own test of the Trading gigs theory, it’s entirely possible to make a profit in the shortest amount of time, and I believe I have the formula on how to do so.
Don’t believe me? Check out the results from one week on testing the theory from this article! Made $200 in about 1 week doing absolutely NOTHING. (Well, sorta nothing) (Note: Gig price was $30-95 depending on delivery time).