08 Apr How to Quickly Make Money on Fiverr
Yes, it is possible to make money on Fiverr. A good deal of money.
If you are unfamiliar with Fiverr, it is an online freelance marketplace for buyers and sellers.
We’ve already covered 8 Clever Ways to Use Fiverr to Grow a Side Hustle, which covers the ways you can buy services from other freelance sellers to expand your side business.
Now, it’s time to talk about how you can make money on Fiverr yourself.
As a beginning seller on Fiverr, you can price freelance gigs anywhere from $5 – $995.
Don’t let the name of the platform or the low starting point put you off.
Many of the people who make money on Fiverr are not doing it by lowballing services.
In a Forbes article titled “How These 3 People Make 6 Figures A Year On Fiverr,” they share a testimonial from Levi Newman, a copywriter on Fiverr. He says, “My first couple months I made $800-$1,200, and then it just snowballed. Within six months, I realized I could do this full-time. Since Christmas 2015, I’ve made $10,000-$15,000 a month.”
Once you realize how popular Fiverr is, this is more believable.
A gig is bought every 4 seconds on Fiverr, which boasts of transactions ranging from $5 – $10,000.
According to Tech Crunch, “Fiverr was founded in 2010 […] is seen as a key player in the gig economy. It says it has facilitated more than 50 million transactions between 5.5 million buyers and 830,000 freelancers (who sell services like logo design, video creation and editing, website development and blog writing).”
If there was ever a time to start a side hustle, the time is now because the gig economy is growing at a staggering speed.
An Upwork report claims 59 million Americans freelanced this past year, representing 36% of the total U.S. workforce.
The number one reason why people start freelancing is that they want or need another source of income.
Here’s where it gets good: 3 in 5 freelancers say they make the same or more than working for a traditional employer.
That’s not all. More than a third of the new freelancers have more work than they want during the pandemic.
The dynamic growth in freelancing means that many businesses are turning to freelancers to complete everything from small tasks to large projects.
Based on these statistics, it is easy to see how it is not just possible but easy to make money on Fiverr.
Use the information below to learn how to make money on Fiverr quickly.
How to Use Fiverr as a Freelancer
On Fiverr, freelancers are called sellers.
If you have a skill you can sell (trust me, you do), you can sign up to use Fiverr as a seller for free.
What you sell on Fiverr are gigs, which offer a specific deliverable.
On Fiverr, all gigs begin with “I will…,” such as “I will create a unique logo for your business.”
With 200 categories, which include even more subcategories, you can sell gigs in your niche.
As the seller, you get to create the gig, set the price, and decide how to upsell the gig for higher rates.
When buyers come to Fiverr, they use the search tool to find gigs that they need for their businesses.
When they find a gig that meets their needs, they order the gig.
This means you sell your gigs without having to talk back and forth with potential clients, which means you can even make money on Fiverr in your sleep!
How to Set Up a Gig on Fiverr
You make money on Fiverr by creating gigs that get people’s attention (and then, of course, delivering value to the buyer).
Remember, a gig is a deliverable you are selling.
When creating a gig, you want to describe it in a way that will lead buyers searching for this deliverable right to you.
So, if you are creating logos, that should be clear in the title.
Along with the title, you also choose the category and search tags. (Keep the buyer in mind – What will he or she be typing into the search bar?)
Next, you must describe the gig. This is where you explain to potential buyers why they should buy your gig rather than someone else’s.
Next, you price your gig and can include prices for 3 different package options.
One of the ways it is easy to make money on Fiverr is because the platform is designed to help you upsell.
Then, you should write frequently asked questions. If you are just starting, include the questions you anticipate.
Next, tell potential buyers what requirements you will need in order to complete the gig (such as web address, a phone conversation, etc.).
As you create your gig, you will also have the opportunity to add relevant visuals to make your gig stand out.
Finally, you publish your gig and start to make money on Fiverr.
How to Create Eye-Catching Gig Visuals on Fiverr
When we talk about creating a gig, we briefly mentioned adding relevant visuals.
This is an important part of the process and determines who will make money on Fiverr and who won’t.
Your visuals need to capture the audience’s attention and make them click to learn more about what you offer.
Choose one main gig image (608 x 410px or higher and similar size ratio) that will catch someone’s eye.
Use minimal text in visuals.
This main gig image is the one that will show up in the search results.
However, you can also include 2 additional gig visuals, including photos, a video, or PDFs.
According to the Fiverr Blog, “One of the advantages of Fiverr is the fact that you can add a video and personalize your gig. This not only helps you draw attention to your gig but has proven to increase sales by more than 200 percent.”
How to Categorize Your Skills on Fiverr
Certain categories make more money on Fiverr than others. The highest paying gigs are in the following categories:
- Video marketing
- Website building
- Mobile app development
- Search and display marketing
- Chatbot development
- Graphic design
- 3D and 2D models
- Business copywriting
However, this list is only 8 categories. There are 200 categories on Fiverr and multiple subcategories within each one.
The best way to begin is to dive into the Fiverr categories yourself to see what gigs are already available that coincide with your skillset.
Once you have identified what gigs match your skills and what category they are in, you can craft your gigs to compete against them.
How to Upsell Packages on Fiverr
A unique and easy way to make money on Fiverr as compared to other platforms is to upsell.
Gigs are formatted in a way where you can offer 3 different levels of deliverables (basic, standard, and premium) at 3 different prices.
This also works great because it allows you to work with buyers that have different budgets.
When creating your gig, your basic package is bare-bones and the least expensive.
The next level is the standard level and priced a little more.
The premium package includes all the extras and is the most expensive.
But upselling doesn’t stop there.
You can also create gig extras, such as faster turnaround times, for a higher rate.
For example, many buyers will jump at the opportunity to pay extra for a one-day deliverable.
How to Create a Successful FAQs Section on Fiverr
One of the best ways to make money on Fiverr is to present yourself as a skilled, professional freelancer.
You have the perfect opportunity to do so in the Frequently Asked Questions section of your gig.
You want to anticipate the types of questions buyers will ask and provide clear answers.
You should also include actual questions you get repeatedly.
This will make buyers feel more secure in transactions if you have already covered their concerns.
It is also wise to include the questions you ask for gig requirements after a person buys an order.
How to Become a Top Rated Seller on Fiverr
If you want to make money on Fiverr, it means you also want to move up levels.
This is because those on higher levels will receive more views and receive more gig purchases as a result.
Essentially, you become a Top Rated Seller on Fiverr when you have earned a reputation as a valuable freelancer.
You earn this reputation by receiving positive ratings from buyers and earning money.
When you start on Fiverr, you are labeled a New Seller.
However, you can quickly move to the next level after 60 days if you have earned $400, fulfilled more than 10 orders, and maintained a 4.7 star rating.
The levels increase until you reach Top Seller.
Here are the requirements for a Top Rated Seller on Fiverr:
- Complete at least 180 days as an active Seller on Fiverr
- Complete at least 100 individual orders
- Earn at least $20,000
- Maintain a 4.7 star rating over the course of 60 days
- 90% response rate over the course of 60 days
- 90% order completion over the course of 60 days
- 90% on-time delivery over the course of 60 days
- Avoid receiving warnings over the course of 30 days
How to Sell Yourself on Fiverr
Beyond gigs, you want to sell yourself as a standout freelancer to make money on Fiverr.
This is where you take advantage of your Fiverr profile.
Complete every section of your profile with a touch of personality and a lot of professionalism.
Your profile is also where you can include a personal photo or video to introduce yourself to potential buyers.
Last but not least, your profile is where buyers can view your previous work with Fiverr’s Live Portfolio tool (which shows the work you’ve done on Fiverr).
Connect with us on YouTube for more side hustling tips & tricks.