This is a Guest post from Martin Njounkwe, a young ambitious entrepreneur with various online start-ups, who unlike most young bloggers – has taken his entrepreneurial thinking outside the box and created an almost passive income stream using the new and much talked about service: Fiverr. This is the first in what will be a series of posts from the very guy who is making a consistent income on this new sharing platform.
I first heard about Fiverr about two weeks ago, and in that time I have seen at least 20 posts on the subject. Clearly it’s a hot topic,and one that needs to be discussed further. So without further ado, allow me to attempt to get out of your way and hand the floor to Martin…
Debunking Fiverr Myths
The introduction of Fiverr, a marketplace website where jobs can be done and offered at a fixed price of 5$ has being greeted with mixed reactions from the general public with some calling it a “scam” and others completely discarding it without even giving it a try.
Fiverr, is not a scam! Here I will debunk the top myths surrounding this website and help clarify why you, yes you! Should be on it!
Myth N°1 : How much do I get paid per gig ?
There’s being a lot of confusion on how much one really receives at the end of a gig. This is as a result of Fiverr mainly advertising the gross and not the net of what is received.
On Fiverr each gig costs you 5$, but the contractor doesn’t not pockets all the 5$. The 5$ is in fact a gross value and the net value/gig being in the region of 3$.
So where does all the other 2$/gig go to? First off, for every 5$ you receive Mr Fiverr, gets a clean 1$ cut. So let us say, you have got 10gigs ordered and marked as complete. Your gross income in total is 50$ but your net income is 40$.
Next after Mr Fiverr’s 1$ has being subtracted, you get charged for every money you withdraw. Yes! You get charged for withdrawing your own money! But fortunately there is a way to reduce the impact of this fee and its by letting your available funds accumulate before you withdraw, this way you get charged once instead for every withdrawal.
Myth N°2: Must my funds reach a certain amount before I can withdraw it?
No! At first during the first few months of Fiverr’s existence you had to reach 40$ before you could withdraw your funds but this is no longer the case.
Now you can withdraw your funds once they have being cleared which takes 15 days, after the buyer has marked the order as complete.
The is a downside to this as well as an upside. The downside being you get charged by paypal for each withdrawal let us say you withdraw your 4$ every time you have it available in your funds; you will be charged around 1$ by paypal. So at the end of the day for 10 gigs and 10 withdrawals you will be left with a net income of 30$ whereas if you cleared your funds once you had reached 50$ you will have a net income of 39$ that is after Mr. Fiverr has taken his nice cut of the cake.
The good side being, some people are not fortunate to have enough of orders in order to reach the threshold level, hence being able to clear your funds at anytime might be better at the end of the day even though you get charged more.
Myth N°3: When do I receive my money after delivering the goods/services?
With Fiverr, when you deliver your service/product your contractor has 3-5 days to mark it as complete and provide you with feedback. During this period your money is in the “Upcoming Payments” category.
After the contractor has marked the gig as complete and provided feedback your money then moves to the “awaiting clearance” category and from there you have 15days till your money is available for withdrawal.
So in total you have 20 days maximum to receive your money. So how do you make the most of this? Simple, by maximizing the number of orders you receive.
Want to start making money on Fiverr tomorrow?
This is the first in what will be a series of posts looking at Fiverr in a lot more detail, but in the meantime I am reading his eBook ‘How to make money on Fiverr‘ and I have to say – even I am tempted to give it a shot. Seriously, Martin has really shown some entrepreneurial brilliance with this one – demonstrating his ability to think outwardly, and act quickly in order to make his living online. Oh, and he shares a couple of resources here that I think are worth a lot more than the $20 price tag alone!
I will be posting my honest and thorough review of this eBook in the coming week. (I’m actually going to try his methods and see if I can generate some income by this time next week! – If I can then I reckon that would be one hell of a review – what do you think Martin?)
Martin is a young ambitious entrepreneur with various online start-ups, He also teaches people how to make money on Fiverr.
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{ 84 comments… read them below or add one }
Wow, I’ve never heard of Fiverr, this is definately something I need to check out.
There’s so many things available to make a little cash online every month. It’s all about multiple streams of income!
Many people indeed havent heard of Fiverr and its potential as a source of passive income. I strongly advice you to have a look at it before you go to bed
Hi guys
Having joined Fiverr this morning and got my first order just a small handful of hours later, I have to say I see potential in this site. Given how popular it’s becoming very quickly, I suspect it’s about to get very noisy but if you can offer a service that is unique (or package it in a unique way) I’m sure it’s possible to earn some money with this.
Looking forward to the rest of the series.
El
Hey El,
Glad to see you around! Good to hear of your success so far with Fiverr. There are just some little things which you can apply in order to optimize your gig. You can sign up for my newsletter
Hey Alex,
Thanks for getting this post up! Hope it will add value to those who get to read this today!
Thanks
Martin
great post Martin and it looks fair enough.. its good if you have a lot of services to offer and you work on a lot of gigs each day, then you dont mind the $2 cut off from each gig.
Hey Cindy,
Thanks for the comment! I have gotten to know awesome people just via this guest post! You dont have to have a lot of services in order to generate a large passive income from Fiverr. What you need is a Unique gig with a lot of value which you can deliver in minutes hence something which is not really time consuming.
I have been looking into using some of the services available on Fiverr for a few weeks now. I think that this looks like a great place to get some good work done for extremely cheap. I would not waste my time trying to sell my services for this cheap, but I plan on buying many of the services that are available.
I can see this being lucrative for someone that has a cookie-cutter system, where they can complete the job in just a few minutes, but if it takes much longer than that, I don’t know if it would be worth it. I’d be interested in seeing Martin’s book.
-Joshua Black
The Underdog Millionaire
Thanks for the comment Joshua. As you rightly said this is really lucrative for people who offer services which they can complete in just a few minutes, other than this if your service is worth more than a 5$ I have seeing many people offer it but just to pick up longterm customers and cease after that.
Martin,
Really Great Post.
I’ve heard of Fiverr but haven’t really make use of the service. I think i should try it out.
Anyways, Thanks for sharing this great Post.
@Alex
Looking forward to reading your review about the ebook !
Thanks for the comment Devesh. Great community blog you have got. Yeah you need to try Fiverr before going to bed lol.
Will love to know your experience with it.
I have to admit I have been pretty skeptical about putting services out on Fiverr. I guess my worry was more that my service would be lost in a sea of people willing to do practically anything for five dollars.
Looking forward to your review of “How to make money with Fiverr”. I just wish I’d have thought of Fiverr itself
Hahaha, me too Jack! Great idea – well more I think in how he is marketing it – because there are heaps of services similar.
The good thing about Fiverr is that the gigs are classified in categories. So if you can get your gig to rank higher in the “Rating” and “Popular” searches you are really in.
Many people dont really seem to get the Fiverr idea as they feel they must go ahead and offer a whole 50$ job for 5$. The key is to offer a unique gig which you can complete in minutes and still offer quality.
Thanks for the comment Jack
Hi Martin
I’ve just started using Fiverr so these tips and your ebook will come in handy.
Thanks for sharing.
Michael
Great! Nice to hear that. Please do update me on your experience
Hey Martin,
It’s all about hitting a target market and you’ve definitely done that! Giving value in a few minutes for money along with it is something great people can really get into.
I have yet to join and won’t be able to really use the site for a few months myself but when the times comes I’m definitely taking a closer look at it. This is actually the second blog post I’ve read about Fiverr today. I also saw the post over on bigredtomatocompany’s blog about it.
My only question is, how is this passive income as you mentioned in a reply to a comment up above?
Thanks for the comment Eric. First off I will urge you to join Fiverr and try it out first hand, ie when you have the chance to.
Not passive income en tant que telle but its a ludicrous way to make money provided your provide a service/product with greater value than 5$ and which you can complete within minutes. I do not mean you should take a 10$ product and offer it for 5$ what I am saying is take a 5$ and provide it like it was 20$ . Just doing this will set you up for lots of order in the first place, which in the long run ie 15days culminate to a lot.
Martin,
Thanks for the reply.
I will definitely be looking into Fiverr and I think it could be a great start to many opportunities. I do see what you mean by offering a service that leads to more and more coming in.
Thanks for the tip!
Fiverr should also offer other amounts and not limit to 5$ gigs only, for example, I do this or that for 9.95$
Thanks for the comment Andreas. But i think if they offer the possibility of prices other than 5$ it will defy the purpose of their whole business model.
What do you think?
Martin, nice guest post. I see that you’re making the rounds
Thanks man, Yes and I am trying to provide value in awareness too . Thanks
I first heard about that Fiverr thing around a month ago, but never thought of trying it out, since pretty much everyone was saying that it is scam and spending time is worthless. Now that I read the article, things changed a bit. Will check it out, as there seems to be a good potential. Thanks for the comprehensive review.
Hey Daniel,
Potential? Yes! Thanks for the comment. If you think you can do with some tips, feel free to join my newsletter.
I’ve started to have some minor success on Fiverr and did a quick write-up on my blog on how to get hired for your first gig. It’s certainly not the success that Martin promotes through his book, and I certainly am curious to read about his tactics. I will have to go by other’s reviews of the book until I can get my hands on it myself.
Hey James – checking out your article now.
Stay tuned to this spot because I will be doing a full review of the ebook in the coming weeks and letting you all know how it goes.
Thanks for stopping by man
Thanks for the comment bro! Checked out your post and I must say its got some powerful tips!
Hi Martin, by sheer coincidence I wrote about Fiverr today too.
I must say that like Joshua, I personally will be using it mainly for purchasing services, that said if I have something that I can template and replicate rapidly, then I would definitely use Fiverr to deliver, not withstanding the fees charged.
Even folks who offering some amusing services (eg postcards from LA or Hollywood) can make good money by batching the work into big chunks making the effectively hourly rate very high.
Great to hear that Matthew! Great minds think alike :p
I read your article too and I must say that it is really informative. The main thing which puts people off Fiverr is the hourly rate which they tend to attribute to their work/service. If you can provide value in a minutes work provided your service is required + of a greater value than 5$ I think you should take a look at it from a sellers point too.
Thank for the comment man!
Hi
I have heard this fiverr first time looking good will give it a try
Thanks For Sharing
-Abhishek
Thanks for the comment man! You need to give it a try, and hola if you need any help!
Alex – nice post, very well written and nice tips you shared. Thought you might want to check out http://www.justafive.com as there is a referral program where you can earn money from referred purchases and sales. Might be useful for your internet marketing list and followers.
That does look interesting Adam! You’re an ingenius one aren’t you!
Good luck marketing that – it’s what it all comes down to in the end really.
I’ve never heard of the site before. I am impressed with the ingenuity behind some of the items you can buy for $5.00.
I am totally going to be watching for Feedburner to deliver me your review of the ebook. I’m already thinking…what can I sell for $5.
hahaha Awsome Michelle!
I’m actually in the process of actioning the steps in the ebook – will give you all the update soon!
LOL I was just going to DM you and tell you that this post is the reason why I am still up and not in bed. I placed two orders this evening and have “liked” a lot more to come back and revisit.
Great to hear that! Be sure to DM me your experience, I will be glad to offer some tips.
It is funny the way Fiverr is booming. It seems to suddenly be everywhere. I first read about it about a month ago, and since then nothing, until the last week or so when suddenly I have seen the same 20 posts Alex has talked about.
That being said, your post did take an interesting tack and talked about thing that a lot of the other posts really did not talk about. The mechanics of Fiverr and the myths and misconceptions associated with it.
A very interesting post about fiverr, which in itself is a very interesting subject.
Thanks Martin and Alex and I look forward to hearing more…
Thanks for the comment Steve!
I think I have to give some massive kudos to the people behind fiverr because they sure know how to create a ‘buzz’ about themselves.
Brilliant! I am just starting to tip my toe in the waters there – let you know how it goes
Alex,
How do I get rid of the social media pop-up?
It’s right in my line of sight and I couldn’t read this post.
(It’s also blocking my view of this comment)!
John
What browser are you using?
Hey John,
Ummm – which social media popup are you referring to? Digg Digg? That should sit on the side of the sidebar and not in the way – although I do have a very wide blog and apparently you cannot see the social bar – but in the way?
As Martin said – which browser are you using?
Sorry mate
Didn’t mean to Moan Alex.
I’m using Explorer 7, but I have since found out what the problem is. I’m working on a very small screen, so I zoomed in 150%. When you do that, the pop-up floats over the post and comments. It’s not a problem at the normal 100%, when as you said it remains at the side.
This might be something to consider for older bloggers like me. I often zoom in, to avoid straining my eyes. I now work on your blog at 100%, but if I didn’t already know you, the pop-up would have annoyed me enough never to return. ;-(
John
Hey Alex,
Nice post, I know some people that do really good on Fiverr and some that do really bad, not much in between, hey that kind of reminds me of something?
Hey Dan!
Yeah I am about to find out which I think. LOL
I’m trying to get the ‘reminds me of something’ reference – but I’m lost
Thanks! Fiverr is something I’ve keep hearing about, but never has the courage to try it. Guess it’s time to experience it.
Myths have bean really cleared here. I just got ripped off by a guy at Fiverr, he tweets to 120k followers every day for 5 times a day for 4 wks for $5. Too good to be true. You are absolutely right. First of all he does not have 120k followers to begin with. He also asks people to leave a positive message in exchange for a 5th week of free tweeting. He is scamming his buyers into leaving him positive messages. I found http://www.7freelance.com much better. Its $2 more than Fiverr, but the sellers are screened and scam free. I just started selling my services there and they do not take out any commission. God knows how they make their money as I dont see any ads on the site.
Alex, would you know how they may be making money?
John
Actually, as it appears and from conversing with sellers, your order is complete within exactly three days. And you can get your money two weeks after that. Just wanted to share.
Thanks for sharing Dale
This is a nice way to making money, however there are some more good ways to making online money, affiliate marketing is one of them.
I’ve also been using JobsFor10.com… I’ve had the best experience with them so far.
Awesome, thanks for the reference Jenn!
I have been familiar with elance. Never knew about fiverr.
Might check it out later. Thanks for this new idea!
Good to see Martin is a real person, I could find no way to contact him about his book at his site. I was wanting to sell it as an affiliate.
The best thing about fiverr is all the ‘clone’ sites they are spawning like those mentioned above. There are actually almost thirty of them and any technique that would work at fiverr would work on those as well. I’m putting up a list of them at my site, http://fast-hiring-jobs.info.
Martin, if you would contact me I’m really interested in becoming an affiliate for your book.
I have been trying to get a hold of him on skype for a while now to no avail.
Still waiting on the follow up to this – think it died in the arse though.
If you want to be an affiliate – just sign up with ejunkie and search for the program in there. Dont need to contact Martin for that.
Thanks for the help, but I’m not comfortable with an affiliate program where the owner pays and I can’t contact him.
I’ve heard about Fiverr, but had no clue how it worked. Thanks for the explanation – I’ll have to figure out exactly how I want to use it.
I heard a lot about Fiverr but never ever tried it..
Specially getting Facebook fans (Ppl selling Fb Fans) tempt me the most but everytime I think of ordering something, it always stops me to move ahead as I feel this might not be right..
Thanks for putting more info about Fiverr and I will give it a shot as a buyer and not as a seller
Thanks for the info.
It is actually amazing and unbelieveble how many silly things people pay for in Fiverr !
Tell me about it! LOL
I’ve never heard of Fiverr. Now, I will check it out later.
Thanks for your post!!!
Fiverr has been a spot where i have been hanging out for the past year and since then I have made some nice sales totalling approximately $2500 in that period. Needless to say I have had to sell a lot of my gigs which vary in category. This is my tip to those already using fiverr!
Taking into consideration there are many other clones out there which also offer the same as fiverr it would be advisable to join the best of these sites in a bit to gain more targeted traffic to your blog, products, services or videos not to mention your social networking pages etc.
There are a lot out there to join but my favourite has to be “Nixerr”. Nixerr has prices varying from $5 to $90 in place which will in my opinion leave fiverr sucking their dust in the coming months. For those interested in joining nixerr just type “Nixerr” in google for a site url.
best regards
Dave
I was wondering if you had any tips for promoting your Fiverr gigs. I had a spate of initial sales, but now it seems my gigs are lost in the noise. Thanks.
Martin is probably no longer subscribed to these comments and as such I cannot provide anything helpful sorry/
Maybe having your friends tweet and share your giggs as well as hashtagging them appropriately?
I dunno
So what can you get for $10? A lot!!
On the web are unique innovative websites performing as a new platform where services can be bought and sold for just $10.
We all found ourselves in situations where we needed a job done, but couldn’t find the right person or the right price for us. Some interesting websites provides a direct line for customers and suppliers to interact with one another and reaching mutual satisfaction. The set price and the wide range of suppliers offering their immediate services is a new market place concept like no other. On these marketplaces you’ll find online services such as advertising services, people who will write articles for you and even services you never though existed such as personal assistance with marketing activities, video, social activities services, or anything that comes to mind. You need something any job done this is the place to find someone who will do the job for you.
The unique nature of some website enables us to perform as a small trust fund. Meaning, that the $10 the customer transfers the money, but the service supplier will receive it only after the customer has confirmed his total satisfaction from the service provided. We cannot confirm nor have a background check on each service provider, but the way the platforms works assures that service providers who do not perform to the customers total satisfaction will eventually be removed from the site due to low evaluations the receive from you, the customer.
This is a self supported system. As such a system we depend on our followers to promote us. They are actually our best public relations people. Those who experienced the website and had a good interaction there will recommend us to people close to them. Through them we can reach out to a larger audience and provide you a greater deal of options. But it’s not all about us. Your personal interest is also at our heart, by using this platform you can expose yourself to a larger audience and increase your personal followers on the different web applications.
We truly believe that for some things in life there is no need to pay a lot in order to receive a top quality service. So why pay more when what you need to be done can be done for just $10.
I have several gigs posted on Fiverr under the name sweetkicker, most related to posting your adds on my website tattooboulevard.com I have not make thousands per month, but it is a nice bit of extra money each month. I would reccomend giving it a try
I just launched my first gig!! Wish me luck
Hey fiverr is great and if you like fiverr, you will love the alternative fourerr at http://www.fourerr.com, same gigs and gig providers, just 20% less!
Hey a buck is a buck, right !
Thanks,
Alex
Hey Alex,
Mate that is the most blatant rip off of Fiverr.
It’s not so much the name but the fact that the design of the site is EXACTLY the same. WOW talk about no imagination (unless this is the work of fiverr or something I doubt it will last if the legal team at Fiverr find it)
I agree a buck is a buck – but where’s the originality?
Originality? Every heard of value? That’s usually what matters most. First of all, perfectly legal dude. Do some homework. Fourerr operates a fully licensed script from a software developer. Second, fourerr has the same gig providers as fiverr. As a buyer, where are you going to go in the long run? Most level headed people are coming to fourerr to get that 20% off. Originality lol Fiverr is saturated and all their new gigs get lost in the shuffle. We’re adding 100 new members daily.
Good luck with your fiverr gigs
Defensive much?!?!
I was just pointing out the facts as I saw them Alex.
You could have replied with the professinal courtesy of someone starting a legitimate enterprise instead of getting all defensive about your site.
A simple – yeah it does look very similiar – but this is the reason why… would have sufficed wouldn’t you say?
I was actually impressed by it to be honest.
Anyway, good luck with it then hey -
Defensive? You bet!
My teams works it’s A@#$ off all day and all night. Answers every member’s question. Our customer service is far more superior to Fiverr’s and we pride ourselves in that. 84K Alexa in just 8 weeks. Our metrics speak for themselves. I live and breathe this company and it shows in our results. So when someone like you is so quick to judge us, we’re not going to sit back and take it lightly.
Your 1st phrase was “Mate that is the most blatant rip off of Fiverr.” Kind of offensive no? You don’t even know us….And you expect a “Yeah it does look very similar?”
Sorry we don’t sit back and let others push us around bud…..Good luck
Nice post Alex.
I saw Fiverr Months ago but ias many people i thought i was a Scam, reading your post i think i´ll give it a try.
As a spanish speaker i also found a website in my language its.
http://www.myntmarket.com
I´m not promoting it, only i´m shainrg it
I’ve personally had great luck both buying and selling on Fiverr. I see nothing wrong with the service. The 16 day wait to get paid is a little annoying but it’s a non-issue if you are selling many gigs a day. I recommend everyone give it a try!
I assume you do 5 at a time?
5rr, it’s in euros, so you get more than dollars
WOW…
Such a great article.
Will definitely give it a try as all my myths and confusion about Fiverr..
Thanks a lot..
I had absolutely no idea that fees were taken off and the amount of time it took to get your money. It makes it almost not worth it, unless you can get enough orders to make quite a bit.
It really isn’t – not as you said, unless you come up with a rinse and repeat system that you can mass produce – and then hope you get lots of orders
Great piece of information out there, living in New Zealand we always get to know new developments in www. even iphone reaches in New Zealand in the last. One of my mate who referred me to fiverr has started his own fiverr inspired site called http://bevy.co.nz . I see few above notes about fiverr paying in 14 days but Bevy has planned to release funds to sellers in 24 hours time & sellers can list their gigs for up to $100, I think people who are selling their gigs at fiverr for $5 can make more money when they list gigs at Bevy for $10
About a month and a half ago, I was as excited as most of you have shared in your comments. It was easy, it was quick and began making money almost instantly. @Nick- I too was a little shocked at the fees that got taken out as well as the length of time it took for the funds to be deposited in my PayPal. When I ‘purchased’ the money was gone immediately… when I sold– I had to wait 14 days before I could transfer it. I ignored it because I was getting so many “gigs” that after the initial 14 days, money just kept trickling in…like a little savings account. It was great and I was having a blast!
Then, on January 26th–EVERYTHING CHANGED in the blink of an eye. I received a notice from Fiverr’s customer service stating I had “…violated their terms of service” and provided me with a link to their terms with absolutely no reference to WHAT term I violated. I responded –17 TIMES that day asking them to explain. NO RESPONSE. I was also told in that email that a “any money remaining in my account (you know, the $$ I was waiting 14 days to get!) could be redeemed after 45-60 days. Over $200 is sitting in my account. $200 I EARNED $5 at at time!!! NOW, they have my money and won’t release it for “they say” 45-60 days.
Of course, I then Googled “I got banned by Fiverr…” GUESS WHAT? I’m NOT he only one. This is regular practice of this site. It is a site based out of Israel– and apparently the laws, rules and ethic of running a business in the US is different in Israel.
We have set up a Facebook Group for members of the “I got banned by Fiverr” Club! If you’ve heard of this, if it’s happened to you… please join us. https://www.facebook.com/groups/bannedbyfiverr/ We need to garner support and stop this from happening to other hard working people, some who have created lucrative incomes on Fiverr and have been shut down without cause and money stolen from them.
AND OH- in case you’re wondering. I DID NOT violate their terms- and in most cases, neither than anyone else. DO NOT build your business on this shifting sand!
Who judged? I stated an obvious fact, that being that your site looks the same. Exactly the same I might add,
Surely u must expect this feedback?!
Anyway, I would have been a good ally, now however you’re just A Bain on my comments thread
Funny thing is, you remind me “6 minute Abs” lmao!! (look it up)
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