We are living in the digital era and every day new inventions and digital platforms do not surprise the generation which has grown up in the past two decades. There was a time when computer-related jobs could not be done at home because of limited resources. But the internet has changed the scenario. There are platforms that perform the role of middlemen. These online platforms assist skilled people to work from home and help small and big businesses to hire people from all over the world.
Foundation of Fiverr
Fiverr is one of the largest platforms which offer services to its customers globally. Fiver was launched in 2010. The idea was to provide a two way service to the people who are looking for digitally done jobs and connecting them to the skilled community.
Skills Fiverr Offers
On Fiverr freelancers can signup with multiple digital skills which can be done remotely. Clients get an incentive to not use their resources and still get the best skilled people from all over the globe.
Here is a list of skills which are offered on Fiverr:
- Programming & Tech
- Digital Marketing
- Video & Animation
- Graphics & Design
- Writing & Translation
- Music & Audio
How does Fiverr work
The first step is to make a free account and list yourself as a seller or buyer. On both kinds of accounts users have the options to optimize according to their needs.On fiverr freelancer and client both can list themselves, which makes it easier for them to find each other. For example a client listing would be ‘write one article with 500 words’ whereas freelancer version of listing would be ‘will write one article with 500 words’. This two way listing makes it even more easy to find the right freelancer for the right client.
Fiverr’s main target are micro jobs which help freelancers to have the opportunity to create a fast portfolio. The term used for the work on Fiverr is ‘Gig’ which also indicates towards the short term work. In the past few years Fiverr has become a really big platform and a hub for bigger projects too.
Fiverr has come a long way since its foundation and now it offers three Fiverr vertices which offer even better services than the general Fiverr marketplace.
Fiverr logo maker
It gives graphic designers an option to make templates of logos and put them on the market the clients can like a template and get ist modified according to their need. This makes the process of work faster and easy for designers and clients both.
This is a new option Fiverr is offering and it is still available in beta. The thing which makes this gig interesting in the marketplace is that this option has an offer of studio lead. Studio lead is an offer put up by a professional who sets up a studio and if other studio professionals are interested they can join the team too. The professional who is leading the studio puts up a gig and invites others to join the studio team. They together market the gig to gig buyers. This is an incredibly powerful way of marketing services but this new marketplace is not available to all Fiverr users yet.
Fiverr pro is a premium version of the marketplace. It is free of cost to join but Fiverr is keeping it exclusive and claims that only one percent requests are accepted to join. If a request to join Fiverr pro gets approved then you are assigned a coach to help you learn how to make a good gig. The coach answers your question for a few weeks before leaving you on your own to make gigs.
The benefit which makes fiverr pro different from the general marketplace is that freelancers can offer premium services to top companies. The gigs they post can be hundreds of dollars to thousand of dollars because of the professional level of top companies.
Fiverr started with the base rate which was set by default which was 5$. In the past years this policy has changed and now the freelancer can set the base amount from his own choice. So the amount starts from as minimum as possible and go upto thousands of dollars.
When clients purchase a gig on Fiverr, , they have to make the payment at the time of purchase. Fiverr holds that money until the freelancer is done with the gig . As soon as the gig is delivered to the client , Fiverr gives 80 percent of the payment to the freelancer. Freelancers who are called sellers in terms of Fiverr can withdraw their money through bank direct deposit, a Fiverr revenue card or PayPal. There is a limit to how much a seller can withdraw at a time. Freelancers can withdraw a maximum of 5,000 USD from the Fiverr account in 24 hours.
Signup for Fiverr here and get discount on your first order.
Pandemic and Fiverr
Like all other fields Fiverr also got an impact by pandemic. Initially it was a drop because of business closures and chaos. But eventually with the things getting more clear it did leave a good impact on the online marketplace of freelancers. A lot of new online businesses started in the pandemic. Because online platforms have become a major source of marketing, the boost in design and digital marketing sales was inevitable. Majority of these newly started businesses look for available online options to get the work done.
Fiverr as competitive market
Fiverr can be a profitable option for freelancers but it is not as easy as it sounds. It does not become lucrative for sellers instantly. Fiverr has become a very competitive market in the past years and it takes a lot of time to make a reputation amongst the clients.The previous record says that Fiverr does support buyers more than the sellers, which does not make it easy for freelancers.
Sellers have to be very consistent in their gigs to keep getting work and not lose hope until they make it big in the marketplace.