At first glance, Fiverr.com may appear to be another of the countless sales and auctioning websites but on closer inspection, you can see its true potential. It is an online marketplace where services can be bought and sold, making it possible for entrepreneurs, service professionals, and creative people to launch businesses and sustain themselves.
Fiverr was founded in February 2010, by two Israeli entrepreneurs, Micha Kaufman and Shai Wininger. Their mission was to create an online marketplace for freelance professionals to find work, with the main idea being that services valued at $5 could be offered to the public. Now the website is divided into four main categories: Graphics & Design, Digital Marketing, Writing & Translation, and Video & Animation. Professional services can now be found ranging anywhere from $5 to $999.
The typical user of Fiverr is generally a freelancer, entrepreneur, or small business making use of the services offered on the site. Services range from logo design and video editing to website development and voiceover work. Fiverr also makes it possible for those needing their services to find the most qualified individual for any job since reviews and feedback for each seller allows clients to make informed purchasing decisions.
Fiverr has many benefits for entrepreneurs, service providers, and creative individuals but it also has some drawbacks. The biggest issue for many sellers is the “gig extras” fee, which requires sellers to pay a commission on their sales that are over and above the base services they provide. Additionally, though most customers offer positive feedback, there is always the risk that buyers may be unpleasantly surprised with the quality of services they receive.
Despite these issues, Fiverr is a great platform for small business owners and entrepreneurs to get started with their own business and reach out to clients they would otherwise miss. It has been an invaluable resource for those trying to create something unique and launch their own business. It makes it easier to find jobs, connect with clients, and even build relationships that will lead to higher profits. For all of these reasons, Fiverr is a great choice for those wanting to start their own business or take their career to the next level.