How does fiverr work?

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November 21, 2019 Fiverr

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Fiverr is a global online marketplace offering tasks and services, beginning at a cost of $5 per job, hence its name. The site is primarily used by freelancers who use Fiverr to offer services to customers on a global scale. Before I continue I am going to list a few glossary terms used by Fiver so you will be able to understand better.

Gig: A service offered on Fiverr’s website. For example, a Gig can be “I will write your quality essay for $5”.

Seller: A registered user who offers Gigs on Fiverr. The Freelancer (people doing the work)

Buyer: A registered user who is able to purchase Gigs on Fiverr. The Employer (the person hiring the Freelancer

Order: When a buyer purchases a Gig, it’s called an order.

Post a Request: The option for a registered buyer to submit a request for services (Gigs). For example, a buyer can post a request for a video script by writing “Create a video script”.

HOW FIVERR WORKS

A service offered on Fiverr is called a Gig. The service is offered by the Seller (freelancer), and bought by the buyer(employer) Five dollars is the popular starting price for offers on Fiverr. Before you are able to buy or sell anything you must first sign up.

Signing Up

Signing up to Fiverr is free. After successfully signing up, and confirming your account with a registration link that will be sent to your email, its off to the races!

Buyers

Are able to browse the homepage and category pages, or use the search to find a Gig they wish to purchase. It is important as the buyer to read through the description of the services offered and if available the seller’s work samples. When a buyer is ready to make a purchase, it is time to proceed to checkout. There are several ways to pay for the Gig. All purchases are subject to a processing fee, $1 on purchases up to and including $20 and 5% on purchases above $20.

Sellers

Buyers pay Fiverr for orders in advance. Sellers keep 80% of each Gig they sell and successfully complete and deliver. For example, each $5 Gig you sell and successfully deliver, accredits your account with a net revenue of $4. Fiverr accredits sellers once an order is completed. As you build your rating on Fiverr it is possible to start to raise your rates for Gigs. Each Gig is different and therefore maybe subject to a rates change.