While looking for opportunities to freelance as Software Developer I came across Fiverr. Fiverr is an online service that allows freelancers, artists and generally anyone to sell a service or a product through the website. This is similar to other services like Freelancer and Upwork. However, the deal with Fiverr is that freelancers put out gigs with their offers. Customers (called “buyers”) can then browse the gigs and choose to buy the service or product being offered by that “seller”. Fiverr peaked my interest, as their approach seems simple: make some gigs and wait for the money to roll in!
Last week I decided to give Fiverr a try. I created a profile and added as many relevant skills and information as I could. Fiverr has lots of advice on how to create a good profile. I am a software developer and computer hobbyist, so I began to research what other software experts were offering on Fiverr. I quickly realized that the pricing scheme for services seemed way off. Fiverr gets its name originally from the concept that a gig could cost as little as $5.00. Gigs can be priced higher than $5, but generally most offers I found had a basic level starting at $5. As a software developer I realize that time is money and it’s not at all like selling a product. I can only sell so many of my daily hours until I max out (24hrs in a day).
These low prices made me realize that my services would have to be atomized to the smallest amount. Instead of offering to work on a project for X dollars an hour, Fiverr seems to work best by selling a small piece of what you would do. For example, there are offers for: web scraping, data mining, logo making, intro video creation and so on. To get the best gig I’m finding that the specific task you will do needs to be clear, like “I will configure a WordPress plugin for you”. Fiverr has many excellent articles, blog posts and forums that you can read through to get strategy ideas. With all this in mind I decided I would make 3 gigs and watch for a week how things played out.
In this gig I only offer 1 service for the price of $5 USD (about $7.00 Canadian at time of writing). My sales pitch is simple: you send me the details of your website (IP or domain name) and I perform a vulnerability scan. After the scan I send in a report of the findings. The process takes less than 2 hours, and I offer to complete it within 24 hrs.
For gig 2 I decided to expand my offerings by employing what Fiverr calls “Packages”. You can create 3 packages and offer different levels for each. I chose to offer a very basic website with some free hosting for $5. From there I offer more features like: registering a domain name, longer hosting, setting up HTTPS.
I created this third gig so that I could send offers to buyers who have made requests. To explain: Fiverr also lets buyers post requests and freelancers can bid on those requests. This is just like how it works on Upwork. To bid on those offers I created a “I will provide IT support” gig, using the 3 packages to offer different levels of support.
As mentioned above, Fiverr allows buyers to post requests as well. This feature seems very primitive so far, offering only a small snip of what buyers are looking for (see image below). I have not been impressed so far with the requests, and all of my offers have gone unanswered. I likely won’t be targeting this feature of Fiverr very much.
Next Week’s Forecast
In this coming week my focus will be on trying to increase traffic to my gigs. I’ve given myself a budget of $500 to buy some services, for example: a fancy logo, a gig promo video, etc. I’ve also toyed with the idea of hiring one of the gigs that help get you get your fiverr gig up and going. It’s my intent to move slowly with this project, I’ve done deep dives into these kinds of services before with little in return to show.
Fiverr tracks many stats about you sales and gigs. This plays into 2 key areas: your ranking and level on Fiverr and you’re own feedback. At a glance you can see how well your gigs are doing, and perhaps drop the gigs that aren’t generating much revenue. I will include some of the more basic stats with each weekly post, see table below for the first week.