Do you want to earn online on Fiverr but you don’t really know how you can boost your Fiverr revenue? You don’t need to worry because in this article we are going to share with you that what is Fiverr (for newbies) and how you can boost your income on Fiverr.
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What is Fiverr?
Fiverr is an online marketplace for freelance services. The company provides a platform for freelancers to offer services to customers worldwide.Wikipedia
How Does it Work?
At this platform, there are three parties involved in a transaction.
Seller sells the services on Fiverr by making a Fiverr account and making gigs.
Buyer purchases the gigs and Pays Fiverr in advance.
Fiverr plays an intermediary role between seller and buyer.
As this platform connects two parties, so it takes its commission from both parties. From the seller, it deducts 20% of the revenue.
For example, if the service charges of the seller are $10, then the seller will not receive $10. Instead, he will receive $8 because of the 20% deduction kept by Fiverr.
How Can I make a Handsome Amount on Fiverr?
You can make a handsome amount on this platform by following these tips.
As there is a huge competition on Fiverr so because of the enormous variations, it becomes challenging especially for a newbie to survive. So to compete with this, you have to make it sure that you are offering something unique on Fiverr. All you have to do is to find the unique selling point.
Take your time and analyse how you can compete with the other sellers on Fiverr. For example, if you are good at making an intro video on Youtube. Then you will see there is considerable competition for this niche. But the majority of them are working on the basic templates. So you can compete them by making your template, or you can also add extras for the customisation.
Make More Gigs and Advertise
By the day’s end, an ideal approach to make more deals is to make more gigs. The more choices for purchasing an individual has, the more various ways you can sell. By creating more gigs, you are increasing the chance of getting hired. This will create a variety of skills as there are no standards against promoting Fiverr off-site, and in reality, they support it.
They support it so much that they presented assistance that permits you to make custom arrangements and to value alternatives on different locales. I strongly recommend to share your Fiverr profile on social networks, i.e. sharing your profile on Facebook freelancing pages is also a good option.
Add Video to Your Profile
Delivering an explanatory video which is round about 30-120 seconds long is perfect for getting the point over. A good video is moderately simple to create – or you could commission it on Fiverr – and it will drastically increase your deals. According to the Fiver’s internal data if you add video in your description, then it increases sales by 220%.
You don’t require a tremendous, expertly delivered video. Simply pull off a basic. For example, you can make a simple video in which you explain who you are and what you are offering. Simply ensure your content is explicit, your sound is fresh, and your video isn’t pathetic.
Another piece of advice is to offer a guarantee. Many people provide a warranty on Fiverr by cancelling the order if the buyer is not satisfied with the service. But it will not only increase the cancellation rate, but also the buyers can abuse this. Even if they are satisfied, they can still cancel the order for getting the service for free.
So what’s the solution? What I do is that when a buyer reaches me, I check their profile and analyse if the buyer is trustworthy or not. You can check the reviews on their profile; it will help you to get an estimation.
After that, you can make a deal with your buyer that you will start the order after completion of the work. If he/she is satisfied with your work, then pay otherwise don’t. But remember to do this with those clients only about whom you think they are trustworthy.