If you’re looking to make money online, Fiverr is one of the few legit ways to do, and one of the most popular for good reason. Fiverr is a site where ordinary people can post services that they will preform for a set fee. For example, there are people who will do things like voice over work, graphics design, video editing, and business consulting. There are even gigs like fitness training advice, and astrology readings.
The great thing about Fiverr is that literally anyone can use it to make money online, it’s just a matter of taking a look at yourself, and figuring out what kind of skills you have that can be monetized. Fiverr also gives you the ability to set different tiers of pricing for different levels of service as well. This can help you to draw in customers who have different sized budgets.
Anyway, let’s take a look at some tips that can help you turn Fiverr into your very own cash cow.
Market Your Gigs Offsite
Make not mistake about it, your Fiverr gigs are a business, and should be treated as such. This means that if you really want to make the most of it, you need to spread the word about your gigs offsite instead of just relying on internal traffic. Sure, Fiverr gets a lot of traffic, but it’s easy to get buried among all the other competing gigs.
You can get an advantage over your competition by promoting your gigs via social media, a blog, or even paid advertising with Facebook or Google. The more people who know about your gigs, the more money you will make. It’s that simple.
Use Tiered Pricing Intelligently
There is no such thing as “one size fits all” when it comes to pricing. If you only have one price for your Fiverr gigs you will lose money. You can fix this by having different prices for different levels of services. However, this does raise the question of what kind of pricing is best. According to price theory, in a situation where three prices are presented, most people will choose the middle price. Using this knowledge, you can set your prices in a way that drive people to your middle price.
For example, you could set your higher premium level price in a way that makes your middle price seem much smaller by comparison. Your low price is of course designed to bring in the penny-pinchers, which you can then talk into purchasing your middle, or large price later.
Getting Repeat Business
It’s much easier to make a living on Fiverr if you’re generating repeat business instead of having to constantly find new customers, which is the same with any business really. The key to getting repeat customers on Fiverr is to make sure that you’re giving them an exceptional customer service experience. This includes things like always delivering your work on time, leaving feedback when the job is over, and always communicating with them promptly when needed. You can also give special offers to repeat customers as well to encourage them to hire you again.
Reinvest in Your Business
Just like with other businesses, you shouldn’t take all the profits you make from Fiverr and blow it on a wild and crazy weekend, or a new TV, computer, or phone that you may want. Whatever the case may be, you want to reinvest as much of the profits you make from your Fiverr gigs back into your Fiverr business. There are several ways to do this including having someone make a professional video to showcase your services that you can put on your profile, or having an SEO expert audit and tweek your profile so that it brings in more search traffic.
You can also use a portion of your Fiverr profits to fund an ad campaign as mentioned earlier. There are many places to run ads these days such as Facebook and other social media services, and you can even pay “influences” on places like YouTube and Instagram to give your business a shout out. Do your best to spread the word about your Fiverr business, and you’ll definitely make more money.
Treating Fiverr Like A Legitimate Business
Being successful with Fiverr is the same as being successful with any other business, online or off, and there are many business practices and strategies you should know. Fortunately, you don’t need to go to college to learn how to run a business these days as there are many successful entrepreneurs like Rusty Tweed who are more than willing to share their knowledge on how to operate a service based business online.
You can read more about Rusty Tweed here, and pick up some of his strategies on how to really make your service based business stand out, and be successful. Remember, what you put in is what you get out, so take your Fiverr business seriously, and it will reward you
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