Fiverr.com is a website where sellers offer to do various tasks, called Gigs, for five dollars each.
It makes it easy for buyers and sellers to connect and Fiverr handles all the payment processing, so both sides are protected against getting scammed.
It's a great site for both buyers and sellers but in this report we're going to focus primarily on using it as a seller. We will look at a couple of advanced strategies that you can use as a buyer, but first let's look at some of the ways you can make $500 per month selling on Fiverr.
4 Gigs a Day
If you break it down by the numbers, you'll need to sell 125 gigs per month to make $500. You see, Fiverr keeps $1 out of every $5 gig as their fee; so 125 gigs will net you $500.
That might sound like a lot, but if you break it down it's only about 4 gigs per day.
Now, if you're performing a service of some kind, that means you need to do it four times a day on average, every day for a month.
This is one of the reasons that a lot of people think Fiverr is not worth the effort. It seems like a lot of work to bring in that $500 if you look at it like this. Fortunately, you don't necessarily have to put in all that time every day, week after week, to earn the money.
The secret to making some decent money on Fiverr without burning yourself out in the process is to offer gigs that give you leverage.
For example, you might sell a report that teaches people how to do something for $5. Once you've written the report in the first place, the only time you need to spend is responding to your buyers on Fiverr and sending them the report.
If you sold 4 per day, you could literally handle this in 10 minutes or less once you create a system for it.
Let's look at a few ideas for gigs that you could offer that will give you this type of leverage.
Quick & Easy Product Creation
We already mentioned selling a report on Fiverr. You could write a report that teaches how to do something that you know how to do and others want to learn. This might be something technical like installing and configuring WordPress, a list of the top resources for people in your market or any number of other things.
But you're hardly limited to reports.
You could also offer videos, audio, PLR articles and many other things that Fiverr users would be interested in.
For example, let’s say you know how to use Photoshop to create simple header graphics. This is something that a lot of marketers need to do, so you could write a report or record a video showing them step-by-step instructions for doing it.
You could even create a back end for your gigs by creating multiple formats.
Note: A "back end" in the marketing world is other related products that you can offer your buyers once they've bought something from you.
You might have a report and a video and sell them through two different gigs. Each one could recommend the other to your buyers, so someone who buys the report hears about the video and vice versa. Doing this would double your sales from a certain percentage of the people who buy your gig.
These products don't have to be flashy or take a lot of time to produce. People are spending $5, and as long as the information is good and the presentation is acceptable, they're going to be happy.
But even if it takes you a few hours to create one of these products, you can keep selling it indefinitely once it's done. The ROI (return on investment) on the time it took you to create it will get better and better over time.
"Stock" Photos
Stock photos are pictures that you can use for your own purposes without having to pay royalties to the photographer. They can be used on websites, in books, on brochures or any number of other places.
Most stock photos are quite expensive though, particularly for small businesses and entrepreneurs who don't have big budgets to work with.
You could take pictures around where you live, or in places you visit, and sell them on Fiverr for other people to use, royalty free. You might sell them individually, or bundle several related pictures together.
And you don't have to be a professional photographer to do this. As long as you can get your camera in focus and have the slightest ability to frame the subject of the photo nicely, people will be interested.
Website Graphics
There are always marketers and webmasters in need of graphics for their websites:
Header images
Product graphics (ecovers, CD cases, etc.)
Buttons, bullets, etc.
If you have some skills with Photoshop or other similar software, or even if you have software that automates the creation of these types of images, you can sell them on Fiverr.
This is obviously going to depend on how much time it takes you to create an image, but if you're fast enough you can make a decent hourly wage this way.
Resell Software Services
There are various software applications that will automate certain functions that many webmasters are always looking for. SENuke or other link generation tools, keyword research and various other applications can be "resold" to buyers on Fiverr.
For example, if you have a subscription to SENuke, you could sell a basic link building service on Fiverr. Because the software automates a lot of the work, you don’t have to spend a lot of time to do the work manually.
These types of gigs can also be a good way to create a sales funnel that lets you make more money off of each Fiverr buyer - but we'll discuss that in more detail shortly.
Offering these services via Fiverr can also help fund the cost of using these types of applications yourself. You might not be able to justify the cost of them for your own use, but if you can resell the services it can pay for some or even all of the software cost, which means you get to use it yourself at a discount or even for "free".
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