Thursday, October 23, 2014

Review: is Fiverr Worth it?

One site that allows you to make money from home is On Fiverr, you post a "gig" with details on something you're willing to do/provide in exchange for $5. As you generate positive feedback by delivering your gigs to clients on time, you move up the ranks to unlock other features, such as the ability to create "extras" or add-ons for your gigs.

With time, a creative and/or enticing gig idea, and a little work, this can be a great way to generate a little extra cash. However, there are a few things you should keep in mind before you decide whether or not it's worth your time.

1) Since Fiverr takes 20% of the gig's purchase price, you will have to decide what you're willing to do for $4, not $5.

2) The money a client pays you will go into escrow and will not be released to your account for withdrawal to PayPal for 14 days after the product/service has been delivered (and accepted as such by either the client or the system). However, if you stick with it & have a reasonably wanted gig or two, you could make a few hundred dollars in your first month.

3) Fiverr handles payouts via PayPal, or through the use of their Fiverr revenue card. I haven't gone with their newer revenue card option yet, so I'm not sure if there is a credit check or anything like that involved with becoming approved for it. I do know that the company who powers the card charges fees of some variety, but then so does PayPal. If neither of these options works for you as a payment method, this may not be the opportunity for you, but if you can make either of these work then this can be an excellent opportunity.

4) In my experience, clients will often expect an awful lot for their $5, even if you're offering a service that would cost exponentially more were it made available via any other avenue. That's not necessarily a bad thing - people want to get as much as they can when they hire someone, no matter how much or how little they are paying, and I do understand that. However, it can mean that you are putting in more of your time and creative energy (depending on the gig) per hour than you would if you were making twice as much at a regular minimum wage job. On the other hand, it can be an excellent way to generate fairly quick buzz and positive feedback for your brand, allowing you to offer your services for more money later on.

Fiverr has it's pros and cons, so whether or not you consider it worth your time is up to you and what you're willing to do for $4! It is certainly a legitimate, proven way to make extra money online, speaking as someone who has used the site. It might take a couple of days to get your first order, but orders will pick up as positive reviews come in from happy clients.

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