Fiverr is a freelance platform designed in Israel to allow users to buy “shows” for as little as $5.
Launched in 2010, the service has grown exponentially, thanks in part to its availability to digital marketers – everyone from SEO to Amazon FBA, powerful merchants outsource trivial tasks to experts who deliver services through the platform.
By 2015, the story of service providers taking significant revenue/profits from the system started to emerge, and one of them – SPXMAC – reported monthly revenues of over $40,000 (a remarkable achievement).
With this in mind, people with real skills, experience and expertise are being attracted to provide services through the system, including me.
For this reason, I feel it necessary to share some progress I’ve made on the platform. This isn’t a huge number, but it can give some people insight into what works and what doesn’t.
Fiverr’s Online System (How It Works)
The most important thing about Fiverr is that the provider has to create a quote for the customer.
While there are many other “freelancer” sites, they rely on clients to provide jobs/shows and let providers provide convenience by posting suggestions. The client then screens the proposal and makes a choice.
Due to the opposing nature of the Fiverr system, it opened up a new way of working with the “freelancer” system.
Service providers are basically able to offer many “products”/”services” instead of promoting work. They can provide buyers with a more structured and systematic work package through these “products”/”services.”
For example, if you are a logo provider – you sell your “logo design” service for $150 – buyers can come and consult and buy.
The point is that this new model is different from the previous model, and in many cases better than the previous model. It puts full focus on the delivered products/services and encourages suppliers to systematize the delivery process as much as possible, enabling higher quality, lower prices and more efficient service.
If you want to create effective (profitable) products/services to list on your website, the key is to understand the real needs of buyers and be able to facilitate this in the most streamlined way. This is where I started providing services.
Of course, each market/platform has its own winners and losers.
The main thing I found on the platform is that there are indeed “two” ways to list products/services:
List products/services based on your experience – if you are a graphic designer you can create content such as ebook covers, logo designs or website templates for a small fee
List products/services based on market needs – As mentioned earlier, many “digital marketers” use Fiverr as a source of low-cost yet high-quality services for their growing online business
The former may take longer to bear fruit; the latter will be much faster, but allow less creativity in the product.
I tend to try to combine the two – determining what’s popular and putting my own inclinations on it.
Some of the most popular listings I’ve found are the “Amazon Product Listing Description” writing services. The most successful among them is “SPXMAC”, their monthly income is above 30,000 USD/40,000 USD.
There are currently 3 service providers and typically receive 15 to 30 execution orders per day. SPXMAC is definitely the leader.
To explain, I was not doing this in my own name; I helped a friend set up and we split the winnings.
To this end, I first listed some common services on the Fiverr system based on my friend’s real-world experience (he’s in the financial industry).
We started writing articles – imagine some high-end “financial” blogs (relying on quality, accuracy and current content) are willing to hire an expert who has participated in a large number of transactions, trade with a private consortium in London, and are highly technically savvy.
I wrote a list of personal information where he explained his work in this industry, his experience and (importantly) why he listed his services on Fiverr.
In the last part, I explained that he wants to expand his personal brand and thinks that writing articles is the most appropriate way to make money. It doesn’t guest messages, but immediately sets a precedent for those who buy.
This seems relatively smooth (many blog operators bought his articles and used his name/face as the “author” on their website).
As for the products we provide, the first thing we try is the “foreign exchange” article writing service. This is not very popular as it is a very busy market and usually operates in cycles (ie when the USD/GBP currency pair falls, etc.).
Very well done is the “encryption” article – we wrote 10 articles for $25. This is very low, but let’s make some progress in system comments/feedback.
Most people who buy packs just let us decide what articles to write (we mainly write about current market trends, the importance of blockchain, etc.) – then start scaling up as much as possible.
The “crypto” items worked well (we made $500 per item in the first week), but it was not sustainable at such a low price. We were all exhausted, so we decided to raise the price slightly – this significantly reduced the interest rate/throughput.
Nevertheless, while the frequency of purchases has indeed decreased, the feedback received and the quality of buyers has improved significantly.
The most important thing I found on the internet is to use your own face.
I have done many things under pseudonyms in the past. Some are legal (with the second largest Webkinz site), but most are just because I don’t want people to know what I’m doing.
While this is a valid reason to hide my identity, the simple fact is that it kept me from growing fast. That’s why one of the most important things I started doing for my friends was to emphasize the importance of owning your name – make sure you come up with your unique experience, ideas and expertise as a core element that people would bring to you. should consider.
If you decide to join Fiverr, I recommend that it’s one of the few ways you can truly “own” your name online by providing real content. Think of it as an extension like LinkedIn or Twitter – a “social” point of contact through which “online” communities can communicate with you.