Fiverr Addressable Market
Before you create your gig listing on Fiverr consider what your potential buyers may need from your gig. What are your main requirements for your gig? Will you be able to meet those needs quickly? These are all questions buyers may ask, so a clear description of your gig is necessary to attract customers. Listed gigs should also contain details on how long your services will take, what revisions they’ll need, and how much you’ll charge per revision.
Although Fiverr has many positive aspects, there are also some downsides. These sellers can pose a threat to American businesses. Big Fat Daddy’s catering company was destroyed by a competitor who bought a fake review gig for five dollars. One-star Facebook reviews from people in other countries hurt his business. Big Fat Daddy’s customers stopped ordering online from him eventually.
If you’re looking for a flexible freelance gig, Fiverr might be the right place for you. Fiverr allows buyers and sellers to pay in advance. Freelancers can charge up to 80% of the order’s value. Although prices for gigs on Fiverr can vary widely, the average order value is five bucks. Fiverr gigs can include writing or WordPress design. Even Twitch graphics and art can be found there. Initially, the services offered by Fiverr cost just five dollars, but now freelancers can offer package deals for a larger amount.
Despite the hype and the influx of new freelance gigs every day, Fiverr is worth a look if you’re looking for an extra income source. Fiverr is a mix of an ecommerce marketplace and a freelancing platform that allows employers to tap into the gig economy in the most efficient manner. Here are some tips to help get you started with Fiverr. As always, honesty and transparency are key to a successful gig.