How does Fiverr work?
Fiverr has been all the rage for the past few years and really catapulted the “virtual gig” market to what it is today, a thriving community of online entrepreneurs buying and selling skills.
A complete online bazaar of professionals (or scam artists) offering every imaginable service possible you or your small business might need.
It’s key to success in the beginning was it’s $5 gig only approach but now it’s moved way beyond that price point and some gigs are north of $100 in cost. Most of the gigs start at $5 but if the task will take more than 20 mins, it’s probably going to cost you more than $5.
Most sellers will offer a variety of different priced packages or tasks for you to pick from. The thought process being that you’ll want more service or faster service and pay more for it.
If you’ve ever bought off of Fiverr than you know we’re all guilty of getting “upgraded”. Sometimes it makes smart business sense but a lot of times, we’re just impatient. And impatience can cost a lot of money in the long run.
Over the years they have gotten really good at the data and uniquely placing items, graphics or buzz words in your eye sight to push you towards the upsell. And believe me, since Fiverr get’s a cut of all the business flowing through their marketplace, they want to upgrade you as much as possible.
Fiverr tracks a rolling 30-day conversion rate of each gig — meaning the percentage of people who view your offering who end up actually buying it.
How big is the Fiverr marketplace?
Fiverr.com gets around 250K hits a month, some times close to 500K (Oct 2016) and operates it’s virtual marketplace in over 200 countries. It’s the 64th most popular site in the United States according to Alexa.com. They have built an incredible marketplace. You could say it’s the Amazon of small gigs.
Hell, it’s catching up to Craigslist in some months and they done it in a short period of time. With the monthly revenue they are pulling and the never ending hustle of hungry entrepreneurs….they are here to stay for a long time.
The downside to Fiverr
Like most good things, they typically turn to crap after a while if the vision is lost and greed takes over. Now, we’re not saying Fiverr has gone the way of the “flea market” but if it doesn’t start putting in some really good customer service controls in place it could very well spiral out of control.
Quality comes with the price
At a $5 price or even up to $20, you’re not going to get really great service or a great product. When was the last time you did anything good for a $5 tip. Because that’s what $5 amounts to these days, a tip. I have a tip for you, don’t use Fiverr for everything you do. But seriously, you pay for what you get so don’t be surprised with the results and try not to feel guilty about how cheap you are. LOL
The top sellers on this platform have thousands of orders in queue and that is the reason why they set up a deadline of a week or more for the task that can be completed in several hours. However, if you want a service done in a day, you will have to pay extra. Take it from this guy who created a little side hustle from a Fiverr gig and was amazed on how hard it was to keep up with the influx of orders. You can bet when the orders start to stack up, your gig is getting pushed back. That’s why they charge extra to get it rushed. If you’re not paying extra it’s back of the busline for YOU!
Unfortunately, there are too many lying scam freelancers who, when trying to sell a gig, over-praise their service into something that is not. The end result usually does not follow up with the description of the gig and you end up with a crappy service. Not Allie Madison though, she was featured by Business Insider and runs a pretty tight ship with her Fiverr gig. She has near perfect reviews on over 800+ gigs
Why not Fiverr for tee shirt designs?
If English is your primary language then you will experience hiccups on Fiverr. Most of the Fiverr sellers are cheap labor from abroad although Fiverr would never release those statistics to us. Cheap labor and poor communication often lead to a poor experience.
This is one of my biggest pet peeves about Fiverr. There is no quality check for the sellers portfolio work. It could be their designs or maybe it isn’t. Maybe they have a gig they are just farming out to other designers. The point is you just don’t know.
I have bought hundreds of Fiverr gigs and I’ve been disappointed on most of them. They show you a spectacular tee shirt design and when you order your’s up…it comes back looking like a 5th grader did it.
This is very important. You often can’t get “second thoughts” or some free advice on Fiverr. That’s because the interaction is pure transactional. They don’t know you and you don’t know them. They could care less about you or your goals.
Wrapping it Up
Now of course this article is biased because we want you to try us out but overall, if we weren’t running Merch Candy we would still have written an article like this just based off of personal experiences. Not all gigs come up short on value and not all sellers are scammy.
You can actually get a lot of cool and funky stuff done on the platform, but it’s definitely the wild wild west. Unregulated and on your own, for sure.