Have you ever heard of a great website called Fiverr? 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.
Right off the bat, let’s debunk a popular myth that’s circling out there: selling on Fiverr is not intended for individuals from 3rd world countries! At least not if you know what to look for. Naturally, the real money can be found in the upsell (similar to most other businesses). Of course, there’s also an abundance of quick little jobs that aren’t paid all that well, but money can add up if you’re persistent enough.
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.
But wait, the fun doesn’t stop there. If you know how to find cheap labor, you can also outsource jobs, and collect a decent paycheck almost entirely passive. In case this caught your attention, stick around, as they’ll be more info on this topic later on in the article.
HOW TO MAKE MONEY ON FIVERR
What can you sell on Fiverr?
Finding the perfect category that suits your needs should be your primary goal. This isn’t terribly complicated at all. In fact, all you’ll need is a pen and a piece of paper. Once there, simply write down the things you think you’re good at. How does it match with what Fiverr has to offer? For example, if you are fond of writing, there’s a world of possibilities out there. Oh yeah, and don’t even think of the competition for now. This step is all about finding that category which you can stick to.
- Related: Best Fiverr Gigs
Now let’s talk about the competition
There’s no going around it, Fiverr is really really tough when it comes to this sort of thing. Is there a way out of this maze? Sure, and it starts by getting to know what your competitors have to offer. Each category on Fiverr has a bunch of subcategories, so take your time, and look at as many of those as you can. Once there, click on the category of your liking, and check out the top rated sellers (Many orders, Pro seller, 5-star reviews, and much more).
In a new tab, open 5 gigs posted by top sellers. Figure out their offers by checking out their gig pictures as well as descriptions. Can you match that level, or even exceed it? Sure you can, just provide more value all around! The orders and reviews will come shortly after, and when they do, you can start thinking about raising your prices. Take your time with this move, though.
Create Fiverr profile
It starts off fairly simple. The first step is to get a nice picture (truth be told, this might be more complicated to some than others ☺). After that, all that’s left is to write a solid description. Keep it clean, always be kind, and try not to brag too much.
How to score your first Fiverr Gig
I’ll try not to emphasize too much here, as every person has their own pattern. In short, you need to do some of the following:
- Complete your registration.
- Fill in all of those boring details and proceed to verify your account.
- Visit the Seller tab and click on manage gigs. In case you’re new, no gigs will show up at this point. On the right-hand side, you spot a section which says “Create New Gig”.
Focus on you Keywords and try to create a Catchy Title. Include both of those things within your description. Just like before, check out how the competition does it, and try to be better.
Monitor your stats from time to time (I try to do so every few days). Pay attention to Gig’s impressions, clicks and views. If you see that things aren’t going all too well, change your approach, and mix it up a bit. In case you have some money to spare, know that there are plenty of people willing to do many of these tasks for as low as $5. You’d be foolish not to use it.
Here’s a neat little trick for you. Best of all, most Fiverr users don’t even know about it. Hit the Sellers tab and click on Buyers Requests.
Buyers who were unable to find the service of their liking made these. What’s more, these gigs are all related to the category you posted. Normally, there are only a few buyer requests available, but why not use them? Click on Send Offer, select one of your Gigs that matches well with the Buyers Requests, and write a decent text. The limit is set at 10 requests you can send per day.
Gig Marketing Is a Vital Part
Just because you created a gig, it doesn’t mean that your job ends there. It’s lazy and downright irresponsible to expect that Fiverr is now going to push tons of traffic your way. In other words, even if you offer the best service on the site, there’s no way you’ll make it big if you don’t devote some of your attention to marketing.
In order to promote your gig, create new Facebook and Google Plus accounts specifically for Fiverr. Try your best to make it look as professional as possible, provide links to your profile, and showcase any new gigs you might have.
It’s impossible to get gigs without some good reviews, so do whatever you can to gain as many as you can. This also includes:
- Asking your friends or family members for a favor.
- In case you already have a popular Social Media account which you use to resell, transfer some of your customers to Fiverr.
This begs a question: Why would you do such a thing, knowing that you’ll be losing that 20% fee of your profit? As it oftentimes goes in business, you have to take one to get one. Most Fiverr buyers read reviews and judge your products by the number of sales you achieved. While you will lose 20% with your first few customers, if that brings an additional customer base of 50+ people, the numbers will start to turn in your favor. Chances are these people would’ve never heard of your Social Media accounts otherwise. Every business comes with its own operating costs, you just have to accept it.
- Buy reviews – You’ll easily spot people who are selling this service, but I wouldn’t recommend taking on this path.
- Make reviews – Similar to the first mentioned option, this one is a tad bit more time consuming, but at least you won’t have to pull any favors. It includes creating a new buyers account and then buying your own gig. You’ll lose a dollar in this transaction, as well as lots of time, so I would also avoid this step altogether.
Once you gained some positive reviews, and the number of your gigs has expanded, Fiverr will start to push some traffic your way. This will only increase the number of your sales, which leads us to the next important point: Customer Handling.
When it comes to Fiverr there’s one rule you need to follow at all times. Heck, you can turn this into your personal mantra: Be ultra-kind and polite to your customers at all times! Trust me, if you do that, they’ll never stop hitting that Buy button!
In case you have no apparent skills
So, you got your pen and paper ready, you have all the goodwill in the world, and yet, you cannot come up with a specific set of skills. Don’t despair, there are still lots of things you can work on.
- Find something simple and unique – there are lots of jobs that fit these criteria. For example, why not go with App testing?
- Learn something new – if you want to develop a certain skill, there are plenty of ways to do so, for free. Use Google, read through the forums, watch Youtube tutorials or go to Udemy Courses and find ones which are free of charge. Find a specific skill you can easily turn into profit!
- In case you don’t want to put in as much effort, there’s only one option remaining: Trading Gigs. Let me give you an example. You know absolutely nothing about SEO, and yet, you posted a gig which relates to this topic. What you need to have is a professional description and a good quality picture. The price you can set is $10. When you receive an order, simply search SEO gigs which offer a 24-hour delivery, where the price is set at $5.
All that’s left to do is to resend that to your client, and that’s it. Fiverr, of course, plays into this equation, as you will pay $6 as a buyer, and receive $8 as a seller, but you’ll still end up with a $2 profit! Best of all, you won’t need any skills in order to do so.
Tricks of the Fiverr trade:
It’s absolutely vital to increase your delivery time 1day+ more in comparison to the gig you’re trying to resell. This way, you’ll have plenty of time to paste “your work” to the buyer. Now, you can just go ahead and copy gigs altogether, but my advice is to search for gigs in the highest demand.
Now let’s talk about morality
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…
To 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).
Related: How To Make Money On Upwork