Monday, November 12, 2018

First Week On Fiverr ($500 Earned)

Fiverr is a freelancing platform designed in Israel to provide users with the ability to purchase "gigs" for as little as $5.
Launched in 2010, the service has grown exponentially thanks in part to its availability to digital marketers - everyone from SEO's to Amazon FBA power sellers outsourcing menial tasks to the experts offering their services through the platform.
By 2015, stories began to emerge of service providers making substantive revenue/profit from the system, with one - SPXMAC - reporting $40,000+ revenue per month (a remarkable achievement).
With this in mind, people with genuine skills, experience and expertise to offer have been drawn to providing their services through the system, me included.
To this end, I felt it appropriate to share some of the progress I made with the platform. It's not a huge amount but might give some people insight into what works and what doesn't.
Fiverr's Online System (How It Works)
The most important thing to appreciate with Fiverr is that the provider has to create the offer for the client.
Whilst there are many other "freelancing" websites, they rely on the client putting up jobs/gigs and having providers facilitate by posting proposals. The client will then sift through the proposals and make a choice.
Due to the opposite nature of the Fiverr system, it's opened a new way in which the "freelancing" system works.
Rather than pitching for work, the service provider is essentially able to provide a number of "products" / "services" through which they're able to give buyers a more structured, systematic set of work.
For example, if you're a logo provider - you'll be selling your "logo design" service for $150 - to which buyers are able to come, ask questions and purchase.
The point is that this new model is different, and in many cases better, than the previous. It puts the entire focus onto the product/service being offered, and encourages the provider to systematize the delivery process as much as possible - allowing for even higher quality, cheaper prices and more effective service provision.
If you're looking to create effective (profitable) products/services to list on the site, the key is understanding what buyers are actually looking for, and being able to facilitate that in the most streamlined way. This is where I began with my service offering.
Products / Services To Sell
Obviously, every marketplace / platform has its winners & losers.
The most important thing I have found on the platform is that there are really "two" ways to go about listing products/services:
  1. List products / services based on your experience - if you're a graphic designer, create the likes of eBook covers, logo designs or website templates for menial fees
  2. List products / services based on market demand - as mentioned, many "digital marketers" use Fiverr as a source of inexpensive, but high quality, services for their growing online businesses
The first is likely going to take longer to bear much fruit; the latter will be much faster, but allow for less creativity in the offering.
I tend to try and blend the two - identify what's popular and put my own slant on it.
Some of the most popular listings I've found are "Amazon Product Listing Descriptions" writing services. The most successful of these is "SPXMAC" who make upwards of $30k/$40k per month.
There are presently 3 providers of this service, typically receiving between 15 to 30 orders per day for their gigs. SPXMAC is definitely the leader.
My Experience
To explain, I didn't do this under my own name; I helped a friend get set up and we shared the profits.
To do this, I started by listing a number of general services on the Fiverr system based on my friend's experience in the real world (he was involved with finance).
We began with article writing - imagining that a number of high end "finance" blogs (who relied on quality, accurate and up-to-minute content) would be willing to hire an expert who had been involved with a large number of transactions, trades with a private consortium in London and is very well versed in technology as well.
I wrote out a profile listing which explained his work in the industry, his experiences and (importantly) why he was listing his services on Fiverr.
For the last part, I explained that he was looking to expand his personal brand, and felt that writing articles for money would be the most appropriate way to do it. Rather than sending in guest posts, it would give instant precedent to whoever was making the purchase.
This seemed to go down relatively well (with a number of blog operators buying his articles and using his name/face as an "author" on their sites).
In terms of the products we offered, the first thing we tried was a "Forex" article writing service. This wasn't overly popular, as it's a very crowded market and typically works in cycles (IE when the USD/GBP currency pair drops etc).
The thing that did extremely well was "crypto" articles - which we wrote for $25 for 10. This was very low, but allowed us to gain some progress in terms of the reviews / feedback on the system.
Most people who bought the packages would just let us determine which articles to write (we wrote mostly about the current trends in the market, the importance of blockchain, etc) - and began focusing on scaling up as much as possible.
The "crypto" articles were a good run (we made $500 each in the first week) but it was unsustainable at such a low price. We both got burned out, and as such we decided to increase the pricing somewhat - which significantly curtailed the amount of interest/throughput.
Nonetheless, the feedback earned and the quality of buyers improved significantly although the frequency of purchases did diminish.
Recommendations
The biggest thing I've found with my time online has been to use your own face.
I've done a number of things in the past under pseudonyms. Some of these were legit (running the second largest Webkinz site), but the majority were simply because I didn't want people to find out what I was doing.
Whilst this was a legitimate reason to cover up my identity, the simple truth is that it prevented me growing very quickly at all. To this end, one of the key things I started to do for my friend was emphasize the importance of owning your name - ensuring that you put forward your unique experiences, ideas and expertise as the core essence of why someone should consider you.
If you do decide to get involved with Fiverr, I would suggest that it's one of the few ways you can actually "own" your name online by providing actual content. Think of it as an extension to the likes of LinkedIn or Twitter - a "social" touch point through which the "online" community is able to engage with you.


Article Source: http://EzineArticles.com/9966998

21 comments:

  1. During this website, you will see this shape, i highly recommend you learn this review. click more here

    ReplyDelete
  2. Good day! This is kind of off topic but I need some help from an established blog. Is it very difficult to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about setting up my own but I’m not sure where to start. Do you have any tips or suggestions? Appreciate it top web development companies

    ReplyDelete
  3. Hi there! Nice stuff, please do tell me when you finally post something like this! web development agency

    ReplyDelete
  4. great work… Excellent weblog here! Also your web site a lot up fast! What web host are you the usage of? Can I get your associate link on your host? I want my website loaded up as fast as yours lol… ui ux design agency

    ReplyDelete
  5. I must admit that your post is really interesting. I have spent a lot of my spare time reading your content. Thank you a lot! ui ux design agency

    ReplyDelete
  6. This is such a great post, and was thinking much the same myself. Another great update. user interface design

    ReplyDelete
  7. I’d must verify with you here. Which isn’t something I often do! I enjoy studying a publish that can make people think. Also, thanks for permitting me to remark! app developer

    ReplyDelete
  8. Really instructive and superb structure of articles, now that’s user friendly (:. top web design companies

    ReplyDelete
  9. Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your website? My blog is in the very same niche as yours and my visitors would genuinely benefit from a lot of the information you provide here. Please let me know if this okay with you. Thank you! website design

    ReplyDelete
  10. I conceive this website has very wonderful indited content material posts . best branding companies

    ReplyDelete
  11. dude this just inspired a post of my own, thanks ux design agency

    ReplyDelete
  12. Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates. front end developer

    ReplyDelete
  13. The most interesting text on this interesting topic that can be found on the net ... Blog Comment

    ReplyDelete
  14. I have read your article; it is very informative and helpful for me. I admire the valuable information you offer in your articles. Thanks for posting it. fiverr

    ReplyDelete
  15. As we expressed, we see the Fiverr offering experience as such an examination to perceive how it functions, however the associations you can put forth merit the attempt, and we see any salary we make to be a reward. We take the view here: Professional graphic design

    ReplyDelete
  16. I read this article, it is really informative one. Your way of writing and making things clear is very impressive. Thanking you for such an informative article.Custom App Development Service Online

    ReplyDelete
  17. The team maintained constant communication and solved problems quickly.
    professional logo design companies

    ReplyDelete
  18. An online business isn't for everyone. It takes hard work and dedication to make a success of it. But the benefits far outweigh the drawbacks. Working from anywhere with a laptop and never having to work for anyone else again are two of my most compelling reasons to keep working hard at my home based business. Hire Freelancer

    ReplyDelete
  19. Great job for publishing such a beneficial web site. Your web log isn’t only useful but it is additionally really creative too. niche relevant high quality

    ReplyDelete
  20. Great job for publishing such a beneficial web site. Your web log isn’t only useful but it is additionally really creative too. niche relevant high quality

    ReplyDelete
  21. I can see that you are an expert at your field! I am launching a website soon, and your information will be very useful for me.. Thanks for all your help and wishing you all the success in your business. dofollow

    ReplyDelete

How To Make Automated Passive Income With Your Computer While you sleep

At least every 7 in ten people owns a computer, The sad story is most people leave their desktop computers collecting dust, they simply do...