What is Fiverr
Fiverr is a popular freelancing platform. This platform gives a great opportunity to freelancers to sell their services to worldwide customers. Fiverr works as a two-way communication platform for buyers and sellers. They can communicate with each other without any risk and provide value to both.
How Does Fiverr Works
To works on Fiverr, freelancers make Fiverr seller accounts and make gigs on Fiverr in desired categories. While buyers Sign up on Fiverr and look for wanted services and start to buy services which mostly start from 5$. Sometimes works requirements and seller level increase the cost of service. If buyers like sellers work they give some money as a tip and give a review with a rating. Positive reviews and 5-star rating by buyers really matters for sellers. It helps sellers to attract more buyers, which would ultimately generate more orders.
Sellers can create 7 gigs in the starting but as sellers become level one sellers they can make more gigs. Buyers can also post buyers’ requests by mentioning their task, budget, and timeline. while sellers will receive buyer’s requests related to their services and daily all sellers get 10 offers which they use to send on buyer’s request.
Fiverr works by takes 20% of the profit from sellers for each sale. For instance, if you have done 5 tasks, 20$ worth for each and a total of 100$ for all tasks then your revenue will be 80$ and 20$ of Fiverr. Fiverr seller’s average monthly earning is $995.
Fiverr is located in Israel and launched in 2010 with just 8 categories, But due to Fiverr great work, it gained popularity and generated revenue in millions of dollars in a very short time. Now, 150 categories are there on Fiverr while services are more than 10 million. According to the Fiverr company daily 6000 services are added in Fiverr services. Fiverr has 25 lac sellers and its daily active visitors are 8 million. Fiverr is used worldwide due to it being legit and easy to use.
There are also many other famous and legit freelancing platforms like Fiverr. But if you are a beginner and want to do freelancing for making money and getting some experience without investment then we suggest working on Fiverr as a start-up.