It pays to cast your entrepreneurial spirit on Fiverr, where a wealth of money-making opportunities await.
Convert you expertise into currency—whether by producing videos for a startup company or performing social media marketing gigs—is one way to make money on Fiverr. But others are also popping up, such as fulfilling article writing services for Internet businesses.
The good part: You can start to make money on Fiverr immediately and you don’t have to pay a dime. Most Fiverr gigs will net a small, steady stream of cash. But others can earn a full-time income.
To maximize your profits, keep a clock running so you don’t waste valuable time. Pay close attention to these how-to tutorials and you might discover that earning a lot of money with Fiverr can be an effortless task.
What is Fiverr and how does it work?
Fiverr.com is a multinational online marketplace that provides freelancers an online platform for the offering of tasks or professional services to customers at a cost staring at $5 per job. However, a piece of work can go up to thousands of dollars with the addition of Gig Extras.
A service made available for sale on Fiverr is called a Gig. Before you can offer gigs for sale on Fiverr you must set up a free PayPal account to collect money obtained in return for services.
Signing up to Fiverr is free but you must first complete their registration form. Then verify your account by clicking on the activation link sent to your email address.
Buyers pay Fiverr a fixed price of 5 bucks in advance for each order. Fiverr then deducts a twenty percent fee and accredits your account with a net revenue of $4 after the seller successfully completes the job. If a buyer pays $100 for a gig, the seller’s net profit will be $80.
Create videos for Internet startups.
Producing promotional videos for newly established Internet businesses is one of Fiverr’s best paying gigs.
Thousands of Internet startups are streaming to Fiverr with one goal in mind—to make a profit on a small advertising budget. And there’s no better way to rake in the dough than with affordable broadcast quality videos that draw attention to a company's product.
The good news: You don’t need experience as a cinematographer or whiteboard animator to start earning a salary on Fiverr. There are hundreds of online tools or softwares that you can use to create high-end 3D customizable video intros or short whiteboard animation presentations.
Some of these online programs cost a one-time fee, such as the ones available at presentation-3d.com. But once you buy the sofware you can create as many movies as you want. The sophistication involved in some of these programs allow you to create a film with a cinematic appearance in just 5 minutes.
Taking advantage of Fiverr’s Gig Extras can turn your video production service into a real profit-maker. Gig Extras are added services that can be tacked on to a seller’s existing gig. Here are some examples of Gig Extras:
- For an extra $5 I will complete the task in one day.
- For an extra $5 I will change the video's background color to your liking.
- For an extra $5 I will include full high-definition (1080p).
- For an extra $10 I will design multiple video variations.
Creating video intros is one of the gigs I perform on Fiverr. In my experience, 55% of customers will not purchase a Gig extra, roughly 35% of customers will purchase one Gig Extra, and 10% will purchase two or more Gig Extras.
Make money performing social media marketing gigs.
Offering social media marketing gigs on Fiverr can pay 5 bucks for 3 minutes of work.
Building brand awareness is the key to establishing a successful Internet-based business. And newly established e-commerce sites will pay you a lot of money to promote their website, products or services on your Facebook page or Twitter account.
For example, you can charge a company 5 dollars to share their website link on your Facebook page. If you have a lot of Twitter followers, you can create a gig for that too. You can even charge $5 to plug a company’s website on someone else’s Facebook group page.
To increase your earnings potential, offer a Gig Extra to complete the task within 24 hours. Once you’ve completed the job, take a screenshot of the finished work and send it to the customer. A gig like this won’t cost you a penny and it’s the easiest way to make money on Fiverr. Heck, I’ll even be your first paying customer.
Offer article writing services on Fiverr.
If you’re a proficient writer you can earn extra spending money by writing articles for online businesses. But if you’re a wordsmith, you can make big bucks with your writing abilities.
But don’t think you need to write a 500 word article for $5. You can charge $5 for the first 250 words, and with Gig Extras, $5 for each additional 250 words. For reference, I’ve paid a few writers on Fiverr up to $50 per article.
But did you know you can start an article writing service using Fiverr without writing any articles? Just do what everyone else does. Create an eBay listing that sells a 400 word article for $9.99, and when you make a sale, hire someone on Fiverr to write the article for 5 bucks.
There are tons of people on eBay selling a variety of virtual assistant jobs. And when they make a sale, they outsource the work to someone on Fiverr. It’s like getting free money, you’re just acting as a middle man. I've seen some people on eBay charging $49.99 for a task, then outsource the job to someone on Fiverr for $10. That's a net profit of $35 after eBay's listing fees.
There is a wealth of moneymaking opportunities on Fiverr.
There’s a chance for employment for everyone on Fiverr. You can list a gig that involves handing out flyers locally, post gigs that help people manage their finances or dish out weight loss advice. The possibilities of making a great deal of money on Fiverr are virtually endless.
Chances are that whatever gig you decide to offer for sale on Fiverr, will have a plentiful supply of competitors offering the same gig already. But don't let that discourage your efforts of turning a Fiverr dream into a cash cow.
To be more successful than your competition, perform the same gig better. It’s called, be first second—take what others are already doing and do it better. That’s what separates the sellers who make chump change versus the ones that earn a steady income.