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$5 Gigs No Longer Worth Selling

Discussion in 'Making Money' started by steelballs, Aug 12, 2012.

  1. steelballs

    steelballs BANNED BANNED

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    $5 Gigs No Longer Worth Selling

    • Selling Price = $5USD
    • Micro Job Site Commission = $1USD
    • PayPal Service Charge = $0.16USD
    • PayPal Bank Transfer Charge = $0.07USD
    • ATM Cash Withdraw Fee = $0.03USD
    • Cost to load Gig onto Net ISP Charge = $0.10USD
    • Time spent on Delivering Sold Gig = $2.50USD
    • Cash in Hand Net after you leave ATM = $1.14USD

    These net values are based on 10 off $5 Gig Sales then you cash out

    Transaction base a country in Central Asia

    Local Charge for a BigMac Combo Meal = $4.30USD

    Summary
    Selling $5 Gigs are No Longer Worth Selling Online!
     
  2. utuxia

    utuxia BANNED BANNED

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    i think it depends on your strategy...going to an atm? Yeah...I wouldn't make money if I sold 50 gigs. If your gig literally takes you less than a minute to complete, and you just let your paypal account collect the funds for awhile...then I can see making decent money with fiverr. The biggest challenge I have with it, is that a) either my gigs suck and no-one is interested in them or b) not even I could find my own gig on fiverr.
     
  3. seopencil

    seopencil Supreme Member

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    you can also cut the cost with paypal micro payment. Ask paypal
     
  4. SEOnetic

    SEOnetic Senior Member

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    Can you explain a bit? I have been doing good on fiverr though. But I use all automated tools. :D
     
  5. Sampler

    Sampler Senior Member

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    I make $1 off most of my jobs but it's all automated and I get over 100 orders a day.

    So I'm more than happy to earn $1 a job.

    edit: also on Fiverr you only get $4 for completing a gig...
     
  6. utuxia

    utuxia BANNED BANNED

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    Mind if I ask what your gig is?
     
  7. Junkfood00

    Junkfood00 Elite Member

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    I'm not sure where you came up with all those fees. Fiverr sends me $3.92 and PayPal takes no second cut from it. PayPal then doesn't charge for withdrawal, just a very small fee for currency conversion and that's it. The bank doesn't charge me for ATM, find your bank's ATM and you won't get charged.
     
  8. kideze

    kideze Elite Member

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    You have to sell these by volume to make cash. But they make a lot if money daily if you know how to do it
     
  9. Junkfood00

    Junkfood00 Elite Member

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    Cheat fiverr, make tons of money by upselling your buyers. Make a contact list, open txt and insert their email addresses. Read my thread.
     
  10. Knoxgates

    Knoxgates Supreme Member

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    If you get lots of buyers then you can still bank with it. Why paypal is charging you everytime you remove money from ATM.
     
  11. AngryFatGuy

    AngryFatGuy Newbie

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    that's a pretty impressive claim. What do you do?
     
  12. Foggy101

    Foggy101 Junior Member

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    I know people that make tons of money on Fiverr, it just depend on what you sell and what are your cost getting this job completed. Some things are just not worth it
     
  13. AngryFatGuy

    AngryFatGuy Newbie

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    yes but like I said, what are they selling? That's what people want to know and i know of no website where you can find out which gigs sell the most . I think fiverr keeps that info under lock & key.
     
    Last edited: Aug 12, 2012
  14. atticanibal

    atticanibal Senior Member

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    The only fee im gettin is ( well the $ 1 they take a way for each gig ) and $1 when i withdraw and i dont withdraw after every gig dude -.- .... i dont make a lot of gigs but i let it pile up to $ 200 usually ..so i get 199 $ on my paypal ...plus the $2.5 when i withdraw it to the card ...so im left with 196.5 $ ..... seems pretty good to me
     
  15. GiftGuru

    GiftGuru Supreme Member

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    I'm so sick of seeing these posts every day.

    Waaaah, for $5 and costs (of which profit margin is usually 50%+ for most of these) you don't want to do it.

    I remember making my first auto program in June of 2001 and everyone including my mother made fun of me because I put the price of the program at $5.

    What are you going to do with $5 they said?

    A few years later and $5 Million bucks nobody was asking anymore.

    Dude, IM is always about ramping up man. Jesus.

    Ramp that shit. Hell, I would sell a fiverr and take $.37 if I could see the vision of selling 100,000 of them.

    My fiverr gigs I have up right now make me about $4,000 a month and the whole process takes me maybe 30-45 minutes per day.

    Stop whining about the fees involved in business. That's business.

    Every time I see a post in here from somebody whining about "how much is left after a fiverr gig and wwaaaaaah I'm not doing it cuz none is left for me, boo hoo" I know that person has no clue how business is done.

    Get over it and ramp that shit up.
     
    • Thanks Thanks x 5
  16. Murdoch1337

    Murdoch1337 Jr. VIP Jr. VIP Premium Member

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    How did you measure the time spent on delivering the gig as $2.50?

    Some people really just love to complain, eh!
     
  17. sdilan

    sdilan Regular Member

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    Simple solution... DONT USE FIVERR GO TO SEOCLERK OR ANY OTHER SITE LIKE IT THAT LETS YOU CHOCE HOW MUCH TO CHARGE :D Simple man
     
  18. davie9x

    davie9x Regular Member

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    fiverr will rename their domain to twentyfiverr