Make Money Online

How to Make Money on Fiverr in 2020

What you will learn in this post:

  • What is Fiverr?
  • Can anyone make money on Fiverr?
  • How can I still make money on Fiverr today?
  • 10 tips that will help you make your first profit in no time

What is Fiverr?

Fiverr is an online platform through which everyone can offer and buy services. Each GIG (GIG = service) starting from 5 USD.

On the one hand, that’s a cool thing if you need a service yourself. For example, you would like to have 500 words translated from German to English, or you would like to have an animated video created for your website.

You rarely get something like this at Fiverr. If you pay a little attention to which GIGs you buy, you can certainly get high quality. For $5 really not to be scoffed at.

The second section of Fiverr is the one we are going to talk about in detail today: Earning money with Fiverr.

Of course, not only everyone can buy something, but also offer it themselves.

We mostly talk about making money with websites here on our blog, but when it comes to making quick money on the Internet, Fiverr is probably one of the best options ever.

You will probably ask yourself: “What should I offer? I can’t do anything special that someone would give me $ 5 for. ”You thought wrong!

It doesn’t have to be something highly technical or complicated. Here are a few WEIRD examples of Fiverr GIGs with which users have already earned thousands of euros.

Not convinced yet? Here you will find a whole lot of  bizarre Fiverr GIGs that make sales every day.

Just have a look at Fiverr. I promise you will also find something you can offer yourself!

How can I make money on Fiverr?

As I said, everyone can put a GIG on Fiverr . Before we get to exactly how to do that to make a profit today, I will give you a few tips that you need to consider before deciding what you want to offer.

fiver_beispiel_gig

To be successful with Fiverr in the long term, you need to know how long it takes you to complete an order. There is no point in offering a job for $ 5 if it takes three hours to do it. That would be an hourly wage of $ 1.33 (you get $ 4 yourself because Fiverr keeps $ 1 per GIG). Not particularly lucrative, is it?

It should cost you a maximum of 30 minutes (pure working time) to complete an order (GIG) in order to really make a profit (don’t forget, our time is also worth something). This is a rule of thumb and is not set in stone. In the beginning you will probably need a little longer to get the hang of it.

That means either you offer something that effectively doesn’t cost more than 30 minutes, or in the best case you manage to partially or fully automate your service.

How much money can I earn on Fiverr?

This is not easy to answer because there are many factors that matter.

Some earn a nice pocket money with Fiverr, for others it is their full-time job and they earn enough to make a living. However, there is no limit. There are Fiverr users who have financed a house.

If you take a user as an example who has 5000+ positive reviews and ignores the upsales (upsales are explained below), that would be $ 20,000 and there are plenty of such users on Fiverr, not bad is it?

How much you ultimately earn is up to you, but as I said, there are no limits!

Fiverr is also extremely practical as a user!

I would recommend you try Fiverr from the other side and buy something. So you get a good overview of the platform and learn what you need to consider.

Fiverr is also very practical as a user, i.e. buyer, and can save you a lot of time and money.

Offers such as “Fiverr facebook likes” or “100 backlinks for your website” are not advisable in most cases, as they are machine likes and links that have no SEO value. Make sure you only buy GIGs that have a lot of good reviews and that have been around for a long time.

What are Fiverr Upsells and why are they extremely important?

Upsales or GIG extras are services that you can offer in addition to your normal 5 USD GIG.