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Fiverr Raises $30M for Online Services Marketplace

Discussion in 'Black Hat SEO' started by Nick Flame, Aug 12, 2014.

  1. Nick Flame

    Nick Flame Executive VIP Premium Member

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    Saw this in the mainstream press (wall street journal), thought might be interesting for bhw.

    "Services marketplace Fiverr International Ltd. has scored $30 million from investors who believe the startup can make buying 1,000 Twitter followers, a voiceover with a French accent and other online services as simple as buying a book.

    The Series C infusion, which boosts Fiverr?s total outside capital to $50 million, will be used to promote a refined version of the four-year-old startup?s product being released Monday and continue its global expansion.

    ?We think like an e-commerce company and are offering services as a product,? Fiverr Founder and Chief Executive Micha Kaufman said. ?We give them [sellers] the tools to package their services. Then you as a buyer go in, search and buy.?"

    Source

    So, what do you think the future is Fiverr is? With 30mil$ they probably have some big plans in store.
     
  2. WPRipper

    WPRipper Supreme Member

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    Same as today: full of garbage.
     
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  3. Aluminium

    Aluminium Jr. VIP Jr. VIP Premium Member

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    Sad but true.

    How's about cutting me in on a piece of that action, Fiverr? :eek:
     
  4. Christian B

    Christian B Newbie

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    Hello,

    Buying others freelancers sites ? Make a Fiverr in an other language (Chinese) ? Make at last a good evaluation system ?
     
  5. Scorpion Ghost

    Scorpion Ghost Senior Member

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    I have no idea how come Fiverr isn't losing popularity...

    $1 dollar stolen out of every $5 dollars earned... Not even paypal rips people off like that... And now that I mentioned paypal, you pay another 2.90% or 3.90% to paypal when you withdraw your money, so the $4 left come down to around $3.80...

    There is no way...

    Why aren't people leaving Fiverr and going to other such sites to offer their services..
     
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  6. Aluminium

    Aluminium Jr. VIP Jr. VIP Premium Member

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    Because some people have no other way of making a "living" online.

    Fiverr is definitely a rip-off, anybody still using it as their main source of income is either gullible or simply doesn't care they they take a dollar off of every $5 (or those who have no other choice).
     
  7. mirrorer

    mirrorer Jr. VIP Jr. VIP

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    Maybe because both fiverr and provider both make money and don't care what you say??
     
  8. Scorpion Ghost

    Scorpion Ghost Senior Member

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    Yes but - although I haven't dabbled much with these types of sites - there are plenty of fiverr clones out there that function more or less the same as fiverr, and I would imagine that these other sites - in order to be able to compete - don't take 20% out of everything you make there...

    And I remember when I read about these fiverr alternatives, there are Plenty of them out there...
     
  9. VinceC

    VinceC Elite Member

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    As long as one is making money from it, everyone is happy at the end of the day. Be it 20% cut from fiverr, if you can rank(which is damn easy) in top 10, there are ready customers for your service. I mean, 20% cut is ok to me, and not a rip off from fiverr.
     
  10. Scorpion Ghost

    Scorpion Ghost Senior Member

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    Yes they do, but Fiverr makes pure gold for doing nothing really... Their commission for doing nothing is simply too high, hear there, $1 out of $5...
     
  11. Scorpion Ghost

    Scorpion Ghost Senior Member

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    Yeah, that's true. Personally I would consider Fiverr as a place to work on, I probably will create an account one of these days. However, it's not a place I would want to continue working on for the long term, it's more like a place to get in touch with clients/customers with who I can hopefully get in touch outside of fiverr and cut fiverr out of the game, cut out the middleman.
     
  12. deepblack

    deepblack Regular Member

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    Well, I wouldn't say nothing. Although I still think that 20% out of your profit is a rip-off we have to admit that fiverr can provide traffic!
     
  13. Scorpion Ghost

    Scorpion Ghost Senior Member

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    Agreed on both counts. :)
     
  14. LostConnection

    LostConnection Senior Member

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    Indeed. 20% is fine when it's for a small sum like 5$, because the service you offer can be done by you in like 15-20 minutes, assuming you are at least trying to profit properly from Fiverr. 20% from some gig extras is a bloody ripoff.
     
  15. Nick Flame

    Nick Flame Executive VIP Premium Member

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    20% is not that big of a cut, it's quite in line with other marketplaces.

    Apple App Store and Google Play Stores take 30% commission on your sales. Google Adsense take 32%.

    Themeforest, 30-50%, etc..

    I think odesk and freelancer take only 10%.

    It's interesting that they continue to grow, i would have called them a fad, but obviously there is a need for such micro transactions and enough demand, if they are betting even bigger on it.
     
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  16. virtualc08

    virtualc08 Supreme Member

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    It is the buyers that make the difference not the sellers. As long as the buyers are there the sellers are willing to give $1 and probably their left nut too. And Fiverr is doing an excellent job in getting the buyers.

    With the 30 million infusion they can do a lot of things, especially in terms of marketing. They are here for the long run and I thin they are going to be relevant for at least the next 4-5 years.
     
  17. aka sam

    aka sam Jr. VIP Jr. VIP Premium Member

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    Fiverr is making it a big time. With $30M funding, it can compete with lots of freelancing sites. I would say people who think fiverr is garbage, have not found the way to use that platform. You would find garbage everywhere, but you need to learn how to dig gold from that garbage.
     
  18. Munni

    Munni Newbie

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    You are right. You say the truth.
     
  19. howard_hughes

    howard_hughes Elite Member

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    Love it or hate it, Fiverr is going to stay.

    Micro transactions are growing day over day.
     
  20. 7yearitch

    7yearitch Regular Member

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    I recommended fiverr to a friend who's starting an ecommerce site. He couldn't thank me enough. A decent quality video, logo, and even music for his business at the fraction of what he would've paid in the open market.

    Say what you will about fiverr, but they do make life easier for offliners who are just beginning to transition into the online world.

    Amd those of us who are paying attention will notice that the big guys are starting to cater to this demo too. Like google, fb, etc.

    It's so easy to make money with offline/online hybrid stuff that i dont bother with aff marketing anymore.