What is Fiverr?
Fiverr is a site that helps freelancers and buyers work together on projects. In Fiverr’s gig economy, a buyer has three options for getting a supplier to work on their project:
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Create a buyer request detailing the project
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Choose a provider they used previously
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Browse through the users in the niche where they hope to find someone who can undertake their project.
How do providers make money with Fiverr?
It’s a bit of a catch-22 situation for Fiverr sellers. When you start your journey on Fiverr, many people are unlikely to apply to work with you because they don’t know you and you don’t have reviews to verify your work.
There are two ways to solve this problem. One is questionable, but it has been used, although if discovered, your account would likely be deleted. That’s asking friends and family to buy a concert and give you great references. Fortunately, most buyers are smart enough to see through that.
The best way, initially at least, is to examine Buyer Requests to find jobs you can bid against. This is an opportunity to explain how you can do the job for the buyer better than someone else. Also, at the beginning of your journey as a supplier, it is important to be reasonably cheap so that buyers are more willing to give it a go. After all, $ 5 or maybe $ 10 risked to get something that could be fabulous is actually nothing, right?
How to get more money
Obviously you need to get more gigs. However, before that you have to give the concerts, you get really good. That means they should be really great. It doesn’t matter if your client pays you $ 5 or $ 50, the work you do must be excellent. That way, you are more likely to get a review (you don’t always get a review, but don’t worry, you will get one).
As your reviews accumulate, more people will see them, see that you do a good job, and offer you work, without you having to get work from buyer applications.
Raising the price of your concert.
Over time, you will discover that there are many people who ask you to do concerts. You will have a good number on your waiting list. That means people can see that you are a bargain and want to catch you while you are still cheap.
Now is the time to adjust your gig and slightly increase your gig fees. If the number of orders remains approximately the same, you will get more money with each order. However, raise your concert rate too high and your sales will hit rock bottom.
The way to know if the concert fee you want to charge is “correct” is to ask your current customers and also your competitors. If you get good feedback from your customers and your competitors also seem to charge for what you do, or more, you are in the right place.
So good luck and enjoy the concert economy.