In here i share with you a Fiverr complete review for freelancers
Fiverr is one of the top online marketplaces for freelancers worldwide to offer their services. The platform was founded in 2010 and currently has over 3 million active buyers. Fiverr connects freelancers who are willing to work with businesses that are looking for a particular skill. As a freelancer on Fiverr, you can offer your services to businesses starting from just $5 in over 500 categories.
Table of Contents
- How Does Fiverr Work?
- How Much Can You Earn on Fiverr?
- Fiverr Features and Benefits: What Does Fiverr Offer?
- Fiverr Fees: How Much Does Fiverr Charge?
- Fiverr Payout Terms and Options
- Adding or changing your withdrawal method
- What Are the Fiverr Pros & Cons?
- How to Start Freelancing With Fiverr?
- How to Set up Fiverr Profile
- Steps to Create Seller Profile
- Conclusion
How Does Fiverr Work?
Fiverr works by letting buyers pay in advance for “gigs” which are any type of freelance service, ranging from web design, to social media marketing, to copywriting. When Fiverr first launched, all gigs were originally priced at $5, but now freelance sellers can decide to charge more or offer packages of services.
Orders are typically completed within a day or two, but the delivery time is set by the seller and can take longer if the seller has a queue of orders. When your order is successfully completed, the seller will receive 80% of the total order value. For example, a $5 gig means the freelancer will receive $4 for a completed order.
Some of the different services that you can sell on Fiverr as a freelancer include:
- Graphics & Design
- Digital Marketing
- Writing & Translation
- Video & Animation
- Music & Audio
- Programming & Tech
- And many more
Depending on the services you provide, you can charge anything from $5 up to $10,000. As you get more and more clients and amass good reviews for your services, you can start increasing your prices.
How Much Can You Earn on Fiverr?
As Fiverr is a freelance website, professionals using it are largely in charge of how much they make. As a Fiverr Freelancer, you decide your rate, how many projects you want to take on, and how many services you want to provide. Many freelancers use this platform as a part-time or full-time job, while others use it for extra income.
According to Fiverr’s third-quarter results in September 2022, buyers spend an average amount of $244 as a completion rate per project. Judging by the four million active buyers, with an optimal marketing strategy and efficient service delivery you can make a decent income on Fiverr.
Fiverr Features and Benefits: What Does Fiverr Offer?
Main features of Fiverr are:
- Multi-Currency Support
- Private Communication Platform
- Custom Offers
- Multi-Category Jobs
- Secure Payment Gateways
- Freelance Marketplace
- Seller Rating & Feedback
The main benefits of Fiverr are its comprehensive feature set, great value for money and confidentiality. The following details spell out these advantages to be had when you use Fiverr:
The services and products offered by Fiverr are essentially divided into a dozen field specialties. Each category is broken into sub-categories that offer specific details on the kind of services or products being offered. Clients can look into any of these sub-categories or carry out a search based on certain keywords.
Fiverr offers low fees, which makes it simpler to hunt for freelance work. Anyone can solicit or offer a service from this platform without requiring much technical knowledge.
Contractors can quickly find a source of income via the platform. For hobbyists and creative people, Fiverr Reviews can help them get paid for doing what they love to do, which makes work fun and interactive. In addition, contractors can gain further exposure in the market allowing buyers to choose them for their services.
The platform lets clients see all important details about a particular contractor. These include feedback, jobs/gigs completed, ratings, and cancellation occurrences. This way, clients will be confident enough to know the kind of contractor they’ll be hiring. Fiverr’s search tool can help businesses filter results based on the qualifications they’re seeking.
Fiverr guarantees that client details will always remain concealed. The platform will only release small pertinent details that will help contractors know about their potential clients. What’s more, the service will never release complete details to anyone, be it as a client or contractor, to a third party.
All transactions carried out between the client and freelancer are done within Fiverr. The platform ensures financial transactions won’t be seen by any third party. This gives confidence to both clients and freelancers knowing their financial details won’t be compromised. Payments can be made via PayPal, credit/debit card, or other electronic payment.
The service offers ways for clients and contractors to privately communicate with each other. Both parties will be at ease knowing they can talk about their projects in a highly secure platform. Details of their projects will strictly remain confidential between the client and contractor.
The great thing with this platform its transparency. Clients can easily access freelancer profiles and feedback, leaving them to decide as to whether they’re worth hiring or not. With Fiverr, clients are given a glimpse of the kind of service they’ll be receiving from their potential freelancer.
Fiverr is perfect for clients looking for services offered by freelancers. They can choose the kind of service from freelancers with a starting price of $5.00. The platform functions by looking into services offered and work samples posted by freelancers.
Fiverr Fees: How Much Does Fiverr Charge?
Fiverr does take a 20% cut of your earnings. Fiverr’s main recurring revenue source is its transaction-based fee model. Simply put, Fiverr makes money by taking a fee both from those buying a freelance service (5.5%) and those selling their freelance services on the platform (20%).
Fiverr takes a cut in the same way that any other freelancing platform does in order to keep the business running. No matter what you’re selling on the platform or how many orders you fulfil, Fiverr will always take a cut of your earnings, but this cut will stay the same whether you sell one order or 100 orders.
Fiverr Payout Terms and Options
When buyers make orders, they pay Fiverr. Once that order is completed, 80% of the funds are assigned to your account. The funds remain under a “pending” status for a 14-day clearing period. This timeline is for financial processing and buyer satisfaction guarantee. When the funds are marked as “cleared,” they are available for withdrawal.
Note: Top-Rated Sellers (TRS), Seller Plus sellers and PRO sellers have a 7 day clearing period.
Remember: All withdrawal options are subject to availability based on seller country. Example: PayPal is not available in Pakistan or Bangladesh, and there is no Revenue Card options for sellers based in India and Russia.
Adding or changing your withdrawal method
Log in > Selling menu > Earnings
If you have funds available in the Available for Withdrawal balance, use 1 of the 3 possible options to withdraw your funds:
- PayPal
- Fiverr Revenue Card
- Bank Transfer
Note: Direct deposit is only available to the US
Select the option that you’d like to use by clicking on it. Follow the instructions to set up the withdrawal method, and make your first withdrawal.
Withdrawing your earnings
- Log in > Selling menu > Earnings
- Available for Withdrawal balance > Different options to withdraw funds:
PayPal, Fiverr Revenue Card, Bank Transfer, and Direct Deposit
Note: Only if you have money available in your balance, will you see the options to withdraw.
Withdraw funds in your local currency
You can withdraw revenue in:
- USD ($)
- Euro (€)
- British Pound (£)
- Australian Dollar (A$)
- Canadian Dollar (C$)
- Israeli Shekel (₪).
Currency considerations
Currency conversion fees apply and additional charges may be added by your bank or payment provider.
If you withdraw in a currency other than US$, you’ll be asked to confirm the withdrawal currency and amount. This amount includes the conversion fees and, as a result, the amount may appear to be less. This is because it’s the exact amount sent to your withdrawal account (non-US$)—after the conversion fees have been applied.
If you don’t want to withdraw in your local currency, you can update your currency from Settings—through the confirmation window.
If you currently receive funds in US$, to the Fiverr Revenue Card or to your Payoneer Account and would now like to receive funds in EUR, GBP, AUD, CAD, or ILS, you’ll need to register again—instead of connecting your payout method.
What Are the Fiverr Pros & Cons?
Advantages of Fiverr
- Great money security is offered to all sellers. The buyer pays the agreed amount to fiverr before you start working on the assigned task. Fiverr will then release the payment to you once you have delivered the work to the buyer.
- By having your payment secured by fiverr, you are guaranteed to be paid once you complete your work.
- You can create up to 10 small different profiles. Unlike other websites, on Fiverr, you create Gigs. Gigs are small profiles about what services you can offer. So, for example your one gig could be about designing a website and the other gig could be to offer English to Spanish translation.
- Fiverr helps you earn extra money for you from the comfort of your home.
Disadvantages of Fiverr
- It’s a little bit difficult for beginners to set up their profile. It involves various steps which involves setting up a fiverr account, then creating your profile then creating gigs.
- Fiverr cuts 20% of commission from your earning. Unlike freelancer.com (website similar to fiverr), which only cuts 10%.
- Withdrawing your money from fiverr to your bank is available via Payoneer and because fiverr has to pay Payoneer some service fee for transferring your money,
- fiverr cuts 3% from the money that you withdraw to your bank account.
- Fiverr waits 14 days before sending your payment to you.
How to Start Freelancing With Fiverr?
Making an account on Fiverr is not a difficult process. There are a few simple steps that you perform to sign up on this platform. The steps are:
Step 1
Open your internet browser, type fiverr.com into your browser’s address bar, and press enter. You will see Fiverr’s website in front of you.
Step 2
Click the Join button at the top right.
Step 3
You’ll see a pop up containing the Sign-up form. Enter the email address that you want to use for your Fiverr account. You can also sign up with your Facebook or Google account but I’d suggest you use your email address.
After typing your email address, click the Continue button.
Step 4
Next, you’ll be prompted to create a username and password. There will be a green checkmark next to each box when you select an available username and password.
While choosing a username for your Fiverr account, don’t use any random name. Go for a professional username. If you are planning to create an account on Fiverr for your company or agency, insert the proper name of your company or agency. Then, click the Join button.
Step 5
You’ll need to verify your email address for activating your account.
Open your email inbox and click the Activate Your Account button. When you’ll click this button, your account will be activated and you’ll get access to your Fiverr account.
How to Set up Fiverr Profile
When you sign up on Fiverr, you are a buyer by default. There are some steps that you have to follow for turning your buyer account into a seller account.
Follow the below steps to set up a professional seller profile on Fiverr:
Step 1
Once your account is activated, you’ll be directed to the homepage of Fiverr.
Step 2
Click the Become a Seller button on the top-right for becoming a seller on Fiverr. It will open the sellers page.
Step 3
Click the Become a Seller button in the middle of the page.
Step 4
In this picture, you can see the steps that you’ll have to perform for becoming a seller on Fiverr. Click the Continue button.
Step 5
Read the do’s and don’ts here and click the Continue button.
Step 6
Now, read about the Fiverr policies here and click the Continue button again.
Step 7
After completing the first step, click the Continue button to start creating your seller profile.
Steps to Create Seller Profile
There are four sections here:
- Personal Info
- Professional Info
- Linked Accounts
- Account Security
1. Add Personal Info
Step 1
Add your Full Name. Make sure to enter your original name to legally start selling services on Fiverr. It is kept private on your profile.
Add your Profile Picture by selecting the one from your computer. Use your original picture here. Never use images you don’t have copyrights for. Everyone can see your profile picture on Fiverr.
Step 2
Write a catchy and impressive description defining your experience and the services you are offering on Fiverr. You can write 600 characters max. including letters, spaces, and punctuation. Writing a good description is very important for your profile so don’t take this step for granted.
Next, add your language skills and your proficiency in that language.
Click the Continue button.
2. Fill Out Your Professional Info
Step 1
Select your professional occupation from the drop-down menu and choose the time period for your occupation.
Next, select the categories for the services you want to sell on Fiverr.
Step 2
Add your skills and education. It does not matter if your degree does not relate to the services you are offering on Fiverr. Add it because it’s good to let people know that you hold a certain degree.
Step 3
Add your certificates and personal website. If you don’t have any certificates or a personal website, you can leave these fields empty.
After adding all the information, click the Continue button.
3. Connect Social Media Accounts
Link your Google, Facebook, and Twitter accounts by clicking the Connect button next to the social media accounts.
Once you have connected the accounts, click Continue.
4. Secure Your Account
Add your Email and Phone Number to verify them for securing your account.
Next, click the Finish button. It will create your professional seller profile on Fiverr.
Conclusion
Fiverr is a legit website with a large number of great services and reputable sellers and buyers. Like everywhere else, not everyone on Fiverr is a pleasure to work with. However, the majority of the Fiverr community consists of decent people who provide good services for their buyers’ online businesses. Also fiverr has affiliate program.
I highly recommend relying on your experience and knowledge when it comes to ordering SEO gigs. And If you want to start selling on Fiverr, then all you have to do to succeed is provide a high-quality service, be responsible and dedicated, and work hard (at least at first).
In my opinion, Fiverr is a great place for those who want to build a profitable online business.