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Career Readiness

5 Tips on How to Make Money on Fiverr

Working from home has always been a dream. Through planning, training, and execution, I began to earn an extra $1700 to $2000 per month. Learn my strategy to financial freedom through Fiverr.com.

In March 2020, I lost my job due to the pandemic. My funds were low-low and that’s a No-No. Read my article From Unemployment to Level 1 Fiverr Seller for details about my situation. Thankfully, someone introduced me to Fiverr because it made my work from home dream come true. My sales are climbing which means Fiverr was building my visibility and credibility. However, being a Level 1 Seller is not a walk in the park. Here are a few steps to help you make money on Fiverr.

HOW TO MAKE MONEY ON FIVERR

Before we get started you need to know Fiverr is run by algorithms. Don’t take it personally! They have built-in systems to help you manage your clients, workflow, and earnings. Also, systems to promote or demote you. I can only determine my service offerings, service fees, and volume of customers. I have no control over who can purchase my services and it is problematic. We will address this later. To make money, do the following:

  1. Research Competitors
  2. Hire Freelancers
  3. Know the Level Requirements
  4. Improve Your Customer Service Skills
  5. Share Your Gigs

Research Competitors

Find out how much your competitors are charging for the same services. Then, determine your price points and service offerings.

Hire Freelancers

Freelancing through a marketplace is a numbers game. Sellers with lower prices and quicker delivery get a lot of customers. If you choose to enter the marketplace at a low price point, be ready for the flood of customers. Interview freelancers in your category who charge less but have wonderful reviews and portfolio of work. They are more and willing to help you manage your workload. This will help you avoid low completion rates and poor reviews.

Know the Level Requirements

Fiverr has four levels: “no level”, “level 1”, “level 2”, and “level 3”. Currently, each level has a criteria and quota. The factors includes Response Rate, Order Completion Rate, On-Time Delivery Rate, Positive (Review) Rating. For more details, visit Fiverr’s Terms of Service and search for the topic ‘Level’.  

Improve Your Customer Service Skills

Once you know the requirements for Level 1 Seller. Start improving your rates in areas where you are lacking, such as Response Time, Completion of Sales, etc. All of these are customer service related. Great customer service leads to awesome customer reviews.

Share Your Gigs

Let your friends and family members know about your gigs. Invite people to be your friend on social media and LinkedIn and regularly post on your page and in groups (that permit advertisement). If you have a private business providing the same services, you may want to share the gig on your website as an EXCLUSIVE SPECIAL OFFER ON FIVERR.

Although my financial stability is still on the incline, my path is clear and my opportunities are becoming more tangible.  

If you need any additional advice or assistance, feel free to contact me, Career Readiness Coach, Tish Pope by clicking here.

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