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Guide to making $5k/year with Fiverr

Discussion in 'Making Money' started by davids355, Oct 25, 2015.

  1. davids355

    davids355 Jr. VIP Jr. VIP

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    I just had a look back at an old thread I posted here when I made my first $1000 with Fiverr:
    http://www.blackhatworld.com/blackhat-seo/making-money/582697-1000-revenue-fiverr.html
    That post got quite a lot of interest by my standards so I thought I would post an update now that I have hit $6k+.

    [​IMG]

    Although I have posted this about 2.5 years after making $1k most of these additional earnings have been in the past 12 months:

    [​IMG]

    Divide that by 12 and it works out to around $400.00 per month which isn't a massive amount of money but its a nice little sideline.

    How did I make this money on Fiverr?
    I made all of this income on Fiverr from writing articles and I am posting this thread to show that it can be done despite a lot of people saying that they have not had any success doing so and also despite many people saying that they cannot earn enough on Fiverr per article this is also not always the case - I am now charging the equivalent of $20/500 words on Fiverr after their fees.

    How to succeed with Fiverr
    I am not claiming to be an expert and I am not claiming that this is really good income for Fiverr - I know a lot of people who earn far more than this. But it is a good side income for me and I think it would be great for some people here who post that they are desperate to earn money.

    Especially so because you don't need any start up funds to do this and you don't really need much skill - other than a fair writing and english skills.

    Here are some tips based on what I have learned from Fiverr:

    1: Do your research
    When I first started my gigs I did a lot of research to see what people were charging for similar services, how many orders they were getting and what was the minimum and maximum that sellers were charging.
    I went in about mid-way - I wanted to be a premium writer so I didn't charge the lowest figure but I kept it competitive at $5/500 words (Before Fiverr fees). Starting out like this I started getting orders straight away.

    2: Take time adding an image for your gig and a video
    Everyone says this and I think its true - I took time to build a unique images using Gimp made up of some royalty free stock media and some custom text laid over the top. I made it bright and catchy.
    I also took time to add a video that I created using my webcam - I never really saw the attraction of gig videos but I have had several buyers this year mention that the video was the thing that differentiated me from other sellers so I think possibly the key with video is that it shows buyers you are a human being and not just a reseller of someone elses services.

    3: Always over deliver
    I think this is a really important one and I tried to do this right from the start. every article that I wrote I would either try to deliver it early or try to write more than the designated amount of words.
    I would mention this over delivery when I sent the article to the buyer and ask that in return they leave a five star rating and a positive review - after all the reviews really sell your gig.

    4: Always allow enough time to deliver on time or early
    I think this is important as well especially as Fiverr say that delivering late can reduce the amount of orders you get. I set my writing gigs to 7 days which means if I am too busy during the week I always have a day on the weekend to get all outstanding orders completed.
    Delivering on time does seem to keep the orders coming in and also keeps the buyers happy.

    5: Keep your customers happy at all costs
    Again happy buyers help to sell your gig so I always made sure that I over delivered as stated above but also I would always try to ensure a happy customer - when I get unsatisfied customers I either modify the work to suit their requirements OR if I think they are being unreasonable then I will refund their order.
    Its easy to feel like you have lost out if you deliver something to someone that cannot really be returned and then give their money back but it stops an bad reviews and I found that even using this tactic I probably only refunded 3-4 orders in 12 months so I can live with that.

    6: If things are going very well put your rates up
    Like many people I found that $5 is a very small amount especially after you take away Fiverr fees and also paypal withdrawal fees and so on. I found that it wasn't productive selling 500 words at this rate so as my reviews built up I gradually started to increase my prices - I kept the same gig but modified it to show new rates, added a revised video and so on.
    This seemed to work well as it kept whatever credit the gig had built up in place whilst also allowing me to up my price - I think if I had done the same with a brand new gig I would not have continued receiving orders.
    After fees I am generating between $30-$45 per hour on Fiverr which suits me, but I am only generating $100-$200 per month now at this rate. If you are comfortable with earning less than this amount you can definitely pull in a lot more orders.
     
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  2. The SEO

    The SEO Jr. VIP Jr. VIP

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    Great share dav.

    Request: Now it's time to turn you in Junior Executive VIP at least, just because of your extra contribution to this community.
     
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  3. Lecitia

    Lecitia Junior Member

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    Thanks a lot! Very informative guide for newbies like me..
     
  4. goodperson

    goodperson Elite Member

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    There are some non-good buyers on fiverr, they buy your products, they used it, then they tell you your products not working and they want to refund. If you don't refund they will give you negative feedback.
     
  5. jak19

    jak19 Elite Member

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    you get those buyers all over the internet sadly, you just have to suck it up
     
  6. davids355

    davids355 Jr. VIP Jr. VIP

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    Don't think I will but I appreciate you saying that. Anyway, I have learnt SO MUCH from this forum so it makes me happy when I can [occasionally] give something back.

    Yea, thats right you do get people like that all over the Internet and also in offline business. I think the biggest issue that arises from these people though is when they make sellers feel like they must penalise everyone else to avoid giving anything to these ungrateful buyers.

    As I mentioned in the OP I operate a 100% satisfaction policy on fiverr which would be open to abuse if there were too many people out there that fit into the above statements BUT I only had to give out a handful of refunds over the past 12 months.
     
  7. Lecitia

    Lecitia Junior Member

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    Thanks a lot for this informative post. Sheds a lot of light on where I was going wrong with Fiverr
     
  8. asap1

    asap1 BANNED BANNED Jr. VIP

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    Good share OP :)
     
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  9. Lecitia

    Lecitia Junior Member

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    Thanks a lot! Very informative guide for newbies like me..
     
  10. davids355

    davids355 Jr. VIP Jr. VIP

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    Appreciate the feedback but this is the third time you have posted same message same thread.
     
  11. Shole

    Shole Registered Member

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    I will try this out, thank you for the informations :D
    I gave up on fiver a long time ago but will try to make it work this time around.
     
  12. davids355

    davids355 Jr. VIP Jr. VIP

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    You should do, its well worth the effort. Obviously everyone has a different vision of what they consider an acceptable income and/or acceptable rate to earn per hour but I don't think Fiverr is that bad.

    I have also noticed a change in the time I have been using Fiverr (few years) and I am seeing buyers gradually moving away from the $5 maximum spend to viewing Fiverr as a valuable resource where they can spend much more for quality work.

    I have also seen a lot of sellers on fiverr who generate a very good income and/or hourly rate - for example I have seen sales copy writers who provide something like 10 words per gig and they have lots of orders.

    So I think if you can differentiate yourself on there then you can earn a decent amount.
     
  13. nnahlee

    nnahlee BANNED BANNED

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    great share thank you.
     
  14. autonomica

    autonomica Junior Member

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    The key is your ability to do upsells whenever a buyer interested on already purchased your gig. Like giving them extra discount when referring friends, or offering addon services after completing their order.
     
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  15. davids355

    davids355 Jr. VIP Jr. VIP

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    Yea definitely. Forgot to mention this one - another tip that I picked up from other sellers, related to this, is to put in the title something like "Up to 500 words of content" and then in the description put: Contact me before ordering.....

    Then you can always upsell to them depending on the complexity of the project. This works well.
     
  16. JustinKowalsky

    JustinKowalsky Junior Member

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    This looks like a good method. Might have to try it sometime. Thanks for the insight.
     
  17. davids355

    davids355 Jr. VIP Jr. VIP

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    Thanks, you should: it's a great way of building some startup capital.
     
  18. Jennifer Johnson

    Jennifer Johnson Newbie

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    very useful post for newbies
     
  19. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    For those that try this, I found a site yesterday that you might find useful for research: http://fiverrgig.info/
     
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  20. BloggerTonmoy

    BloggerTonmoy Senior Member

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    Great share. Really just love it.Thanks a lot for sharing !