Make Money Online

How to Make Money on Fiverr in 2020

What you will learn in this post:

  • What is Fiverr?
  • Can anyone make money on Fiverr?
  • How can I still make money on Fiverr today?
  • 10 tips that will help you make your first profit in no time

What is Fiverr?

Fiverr is an online platform through which everyone can offer and buy services. Each GIG (GIG = service) starting from 5 USD.

On the one hand, that’s a cool thing if you need a service yourself. For example, you would like to have 500 words translated from German to English, or you would like to have an animated video created for your website.

You rarely get something like this at Fiverr. If you pay a little attention to which GIGs you buy, you can certainly get high quality. For $5 really not to be scoffed at.

The second section of Fiverr is the one we are going to talk about in detail today: Earning money with Fiverr.

Of course, not only everyone can buy something, but also offer it themselves.

We mostly talk about making money with websites here on our blog, but when it comes to making quick money on the Internet, Fiverr is probably one of the best options ever.

You will probably ask yourself: “What should I offer? I can’t do anything special that someone would give me $ 5 for. ”You thought wrong!

It doesn’t have to be something highly technical or complicated. Here are a few WEIRD examples of Fiverr GIGs with which users have already earned thousands of euros.

Not convinced yet? Here you will find a whole lot of  bizarre Fiverr GIGs that make sales every day.

Just have a look at Fiverr. I promise you will also find something you can offer yourself!

How can I make money on Fiverr?

As I said, everyone can put a GIG on Fiverr . Before we get to exactly how to do that to make a profit today, I will give you a few tips that you need to consider before deciding what you want to offer.

fiver_beispiel_gig

To be successful with Fiverr in the long term, you need to know how long it takes you to complete an order. There is no point in offering a job for $ 5 if it takes three hours to do it. That would be an hourly wage of $ 1.33 (you get $ 4 yourself because Fiverr keeps $ 1 per GIG). Not particularly lucrative, is it?

It should cost you a maximum of 30 minutes (pure working time) to complete an order (GIG) in order to really make a profit (don’t forget, our time is also worth something). This is a rule of thumb and is not set in stone. In the beginning you will probably need a little longer to get the hang of it.

That means either you offer something that effectively doesn’t cost more than 30 minutes, or in the best case you manage to partially or fully automate your service.

How much money can I earn on Fiverr?

This is not easy to answer because there are many factors that matter.

Some earn a nice pocket money with Fiverr, for others it is their full-time job and they earn enough to make a living. However, there is no limit. There are Fiverr users who have financed a house.

If you take a user as an example who has 5000+ positive reviews and ignores the upsales (upsales are explained below), that would be $ 20,000 and there are plenty of such users on Fiverr, not bad is it?

How much you ultimately earn is up to you, but as I said, there are no limits!

Fiverr is also extremely practical as a user!

I would recommend you try Fiverr from the other side and buy something. So you get a good overview of the platform and learn what you need to consider.

Fiverr is also very practical as a user, i.e. buyer, and can save you a lot of time and money.

Offers such as “Fiverr facebook likes” or “100 backlinks for your website” are not advisable in most cases, as they are machine likes and links that have no SEO value. Make sure you only buy GIGs that have a lot of good reviews and that have been around for a long time.

What are Fiverr Upsells and why are they extremely important?

Upsales or GIG extras are services that you can offer in addition to your normal 5 USD GIG.

Here is an example of upsales:

You offer to translate 500 words from German into English for USD 5. The whole thing takes 2 days. Now the buyer can decide to want the GIG after 24 hours and pay an extra $ 5-10 for it.

fiverr extras

Depending on the GIG, there may be more profit in the extras or upsales than in the actual offer. There are no limits to creativity here. In the beginning you can only offer express delivery, but after a few successful sales you can offer almost everything as an extra. So don’t neglect this important function of Fiverr . When you create a GIG, it’s best to think about what else you could offer as an upsale.

10 tips that you have to consider if you want to make money with Fiverr today

Create fiverr gig

 

The title

A clear and short title is the key, look around your category and collect ideas for your title.

Examples:

“I will – translate 500 words from English to German”

“I will – create a Professional Animation Video”

“I will – sing a funny song for you”

The category

Should actually be self-explanatory, but is unfortunately often done wrong.

The category and subcategory should match your GIG as much as possible. Don’t try to outsmart Fiverr. Briefly think about which category is most suitable for you.

Clear description

Describing your GIG is extremely important. Clearly state what the buyer will get for his $ 5 to avoid misunderstandings. An incorrect or unclear description can quickly result in bad reviews. In the beginning, that’s the last thing we want.

Point out your upsales and ask the buyer to contact you before buying the GIG.

To get a good overview, I advise you to browse the best GIGs (best-selling and best-rated) in your category and see how they work.

Never copy a 1: 1 description from someone else. Fiverr is very strict here.

Good day

The tags (terms that describe your GIG) are what you are ultimately found for. Create 3-5 relevant tags that match your category and description. For example, if you offer to create animated videos, you should clearly use “animated videos” as a tag.

The picture

Your GIG picture is just as crucial as pictures anywhere else on the Internet. It is your responsibility to get the potential buyer’s attention.

Your picture should be friendly and inviting and briefly explain what your GIG is about. If you use text, make sure that it is still legible when the image is displayed as a thumbnail (small image in Fiverr’s search results).

The video

Creating a video can increase your sales many times over.

Explain in your video what your GIG is about and observe the Fiverr video rules.

Most providers have a picture, but forget about the video, which I think is a big mistake. Certain visitors simply jump more on videos than on pictures or text.

If you don’t know how to make a video yourself, you can use your first free Fiverr GIG to have a great video made for your GIG completely free of charge.

The delivery time

That is another very important point. Most buyers on Fiverr want their order to be completed quickly, ideally in less than 24 hours.

It depends on the GIG that you offer, of course, but I definitely recommend a 24-hour delivery time to get started. This brings you a significant boost in the rankings.

Buy your own GIG

The best GIG in the world will bring you nothing if no one can find you. Here are 3 very important points to keep in mind to get your first sales.

  • Buy your GIG yourself 1-2 times, of course this does not work with the same profile with which you created the GIG.
  • Create a second profile or ask a friend to buy your GIG a few times. Don’t worry, it won’t cost you a fortune, only the $ 1 that Fiverr demands. Optimally, your GIG will be bought 3-5 times by different users in the first 12 hours.
  • If a purchase is successful, make sure that you or your friend gives you a good (5 star) rating. This is very important because Fiverr places great value on good reviews.

fiverr testimonials

Send users to your GIG

After buying your GIG a few times and getting good reviews, try to get some visitors to your GIG. These don’t necessarily have to buy it, but pure views also help it to be found.

How you do it depends on your options. It is best to post your GIG on your website and on social networks. You can also ask your friends if they do the same. In an emergency, you can also buy views, e.g. on Fiverr 😉

The first day is extremely important

If you have followed all these points, the first orders should not be long in coming.

The first day or days are extremely important. Make sure you meet your deadlines and attach great importance to contact with your customers. Positive sales and valuations are extremely important, especially at the beginning.

What do I do if all the orders overwhelm me?

Under no circumstances make the mistake that I and many others have made.

Do not change your GIG from 24 hours to 3 days or the like.

Better change your GIG from e.g. 500 words translated to 400, 300 etc.

Another very important point, if you say we are on vacation, use the button that Fiverr created for this purpose. Again, do not set the time or miss deadlines.

Is Fiverr worth it as a freelancer?

While you actually have the opportunity to land the first orders extremely quickly on the platform without having to actively approach potential customers, Fiverr also has some disadvantages.

As with other freelancing platforms, you compete on Fiverr with providers from low-wage countries, such as India, Pakistan or China, whose prices you can’t even keep up with, and of course shouldn’t.

The good thing is that the customers you want to work with aren’t looking for such dumping offers anyway. There are also many people on Fiverr who are looking for high-quality work and have a higher price.

However, you must be aware that you will not get rich at Fiverr. Even if you set your prices at the upper end, your hourly wages will still not remain competitive. In addition, Fiverr keeps a hefty 20 percent commission, which can be really frustrating.

Fiverr is handy for getting started as a freelancer, but it also has disadvantages

Fiverr is right for you if you want to try it out and get some experience. You will learn to position yourself, communicate with customers and how you should behave during price negotiations.

In addition, Fiverr is perfect for the beginning when it comes to establishing first customer relationships.

Once trust is there, you should continue the collaboration as quickly as possible outside the platform and build long-term business relationships that can often extend to many other areas.

Fiverr is not suitable for you if you already work professionally in an area and have an established customer base. Your earnings on Fiverr would simply never pay off.

Furthermore, you have to think carefully about how much time you need to complete an order. Since Fiverr retains 20 percent per gig, you only have four dollars left. So you shouldn’t need to spend more than 30 minutes working for a gig.

Of course, this also develops over time. It took me much longer to get my translations started. Things are much better now.

But that’s exactly why Fiverr is perfect for getting started, because here you simply have the opportunity to try it out, learn slowly and gain your first experience. If you have achieved that, you should move on anyway and acquire your orders elsewhere.

Advantages and disadvantages of Fiverr at a glance

benefitsdisadvantage

Easy and quick entry Low earnings
Building long-term business relationships possible A lot of competition from low-wage countries
Customers approach you – no application necessary Many providers who deliver inferior results
Active application for orders possible High commission (20%), even on tips
Predefined price – no long negotiations Time and scope of new orders cannot be planned
Individual offer creation possible Communication outside the platform is not permitted
Tipping for good work possible Inflexible pricing

How to make money with Fiverr Pro

To open a Pro seller on Fiverr, you must be “Pro Verified”. This indicates that a seller really knows what he’s talking about. To become Pro Verified, you only have to submit an application with your specialist knowledge, your qualifications and your previous work catalog. There is no fee and anyone can apply.

The new Pro functions also include sales inquiries. In this way, salespeople can make requests for specific work to be done. Pro sellers can also take courses in exchange for a “badge” to demonstrate their professionalism.

Fiverr Pro offers concerts in certain categories. At the time of writing, these are:

But the company plans to add more over time, and nothing prevents you from also listing the darker gigs on the main market.

It is common to find concerts that start at dozens, hundreds, or even thousands of dollars. This includes everything from professional digital art to programming to writing articles and much more. For the most part, this works, and now these service providers are sitting comfortably with singers with Cupid imitators.

Who is Fiverr for?

Perhaps the next relevant question for programmers, copywriters, data security analysts and video editors is this: should you investigate how you can make money at Fiverr or should you stick to proven options like UpWork?

The answer may surprise you.

If you’re someone who sells a more creative or less easy-to-define service or product, Fiverr is a great alternative. If your specialty jumps around like a cupid, you won’t find many to deal with UpWork!

Fiverr is a great alternative if you want to target a slightly younger and more creative audience. Video editors think this is a good place to find YouTubers for work, for example. Illustrators and image editors can design thumbnails or mix Instagram photos. Musicians will likely be able to find some indie game developers to work with. If you know how to make money at Fiverr, you can have a lot of fun working creatively here.

Fiverr Pro vs. UpWork

There is also a lot to say for Fiverr Pro. When you create certain services and packages for Fiverr, you are in control of your offer. instead of depending on the nuances of others. They do not sell “programming services”, but offer to create an app with X many activities that take no longer than N hours.

As mentioned earlier, larger companies typically use websites such as UpWork, PeoplePerHour and Freelancer. If you are looking for long-term employment or would like to be considered for large corporate projects, Fiverr is not the best strategy.

It is also important to consider the commission that Fiverr pays. Do you remember that Fiverr used to take $ 1 for every $ 5 he performed? This 20% rate still exists, which is at the top of the PayPal commission . It’s the same starting rate as UpWork, but this platform reduces the commission the more money you earn. Sites like PeoplePerHour and Freelancer take even less time!

There are ways to get around this limitation. However, this is not a long-term solution. That may be the reason why large companies still avoid Fiverr.

This could be the reason why large companies still avoid Fiverr. On the other hand, however, there is also a slightly less saturated market if you provide professional services. If you can make money at Fiverr, you can be extremely competitive here.

That’s it. Follow the tips in this post and you should make your first real profits with Fiverr in no time.

Register today on Fiverr and get the first GIG for free. After that, you can start making money right away.

Do you have any questions or experience with services like Fiverr? Then leave me a comment!