Anytime you join a freelancer site where contractual work is meted out, your primary goal is to shoot for the stars. Whether it’s oDesk, elance or Fiverr, your first job has to land you 5 stars or your profile goes into the dust bin. The problem is that it’s hard to swallow your pride as you prostitute yourself to please the client. If you can manage to do this, you will join a large army of people who somehow make it through life by living under other people’s rules. Those who do this have learned to play the game but there’s no guarantee that their favored standing on a freelancer site will last. It’s inevitable to run into the nightmarish client that lacks common sense or is too picky. What’s scary is that one negative rating or review on their part could quickly destroy a person’s hireability.
So is it all worth the trouble? I say yes if you can put yourself in a clever niche which will provide passive income. This goal is not an easy one when dealing with oDesk or elance. But Fiverr has potential because its playing field is entirely different. People contact you to do small jobs based on what your profile shows you can do for them. These jobs are called ‘gigs’ which always stay at the low price of $5. Are you thinking this is too low to warrant your time? Before you pass judgment, consider the ‘gig extras’ that you can offer after having proved yourself. As an ordained member of Fiverr, you can do these gig extras that complement your first main service.
For people who have chosen the right niches, it is not uncommon to wake up seeing a slew of gig extras in their cue, ready to be worked on. And the beauty of this is that there’s no negotiation involved, the orders just come in if your pricing is reasonable. If you’re smart, each gig extra will require little effort to accomplish but be extremely useful to the first service you offer. A senior member may be able to offer many gig extras that can amount to around $400 in total per client. When comparing this figure to the overall cost of the work, it’s safe to call Fiverr an adapted passive income model that can help you quit your day job. But the key to success on Fiverr is providing a service that isn’t widely offered. Don’t worry about competition coming in later. If you have good ratings and a long track record, you will be able to ride with your inertia for the long term.
What I’ll do now is introduce a concept that will help jump start your first Fiverr business idea. I’m an American male with a career path in finance and information science and I know that I have many years of earning potential ahead of me. So what I don’t want to do is ruin this potential by doing ridiculous gigs (i.e. I’m not going to do celtic dance in front of a camera and sing happy birthday to someone). Instead I’m the kind of guy who taps into the Best Buy / Fiverr secret that no one knows about.
If I see a niche in Fiverr that hasn’t been filled like landscape design and architectural renderings, I’ll go into Best Buy and purchase software like Home Landscape Design Pro for $109. It’s an amazing product that allows you to digitally beautify landscape pictures of a person’s home. If a home is located in Arizona, you can pick from an array of plants and foliage that’s indigenous to that state and REALISTICALLY superimpose them. Of course if the location is Maine, you will be able to choose from a different palate of greenery. If you don’t like the house’s paint color, change it. Need a walkway up to the front door? Create one. Perhaps a thin buffer fence could add a special ambiance….. and maybe put some vines on the fence to add that extra magic. The end result is amazing because the software bridges the gap between you and your lack of expertise. The cool thing about this Best Buy software strategy is that no one has done it! Just tell people to send one picture and for $5 you will give them your concept of the best landscape design. For a gig extra of $25 you will do another side of the house. Doing all 4 sides plus inside renderings could translate into a $300 profit for you with a happy client for future business. And the cool thing is that it only took a few hours to make the renderings!
Yesterday I was in Best Buy to check out all of the software to prepare for this post. I did this because most software that you find there is automatically a good business idea as there is an inherent demand for it. But I won’t try to sell you on that concept. I’ll let you judge for yourself by listing what I found.
Resume Maker for $29.99 – You just enter the job experiences one by one and it spits out various different layouts which you could provide the client. The software also provides phrase change suggestions.
Print Artist for $99.99 – This product contains 28,000 templates for you to create calendars, birthday cards and book covers. Plus you can start your design from the wide array of 377,000 pictures. Assembling everything is easy and your will knock out the professional competition that uses Adobe Photoshop. Those people have no templates to work with.
Logo Design Pro for $29.99 – I personally own this and can attest to how easy it is to make a professional grade logo in a few minutes. No need to use Photoshop, you just start from one of the templates and it spits out a logo that automatically has commercial appeal. The bubble burster here is that the logo design category on Fiverr is supersaturated.
Family Tree Maker for $69.99 – This gives you a free 3 month trial to ancestry.com and the Fiverr business possibilities are pretty obvious. You put in someone’s family information and the software creates a beautiful family tree layout with all of the known information of their ancestors. A variety of other layouts are provided as well.
Photo Explosion Deluxe for $39.99. – This software has amazing potential because it lets you repair, edit and enhance pictures and videos.
Do you see the picture now? Just by buying a piece of software you can put yourself in a very marketable position. Through the software designer’s genius, you can provide a high level service that others can’t compete with. And with little competition, you win. Other people can provide a service with little competition just by using their geography to their advantage. On Fiverr there is a girl from Guatemala who will go into the forest and plant trees in the shape of your name. When translated into pesos, her profit can be substantial. There’s another girl living in Rome who will take 20 royalty free pictures for you. I can see how useful this could be for travel publications. She turns her service into a passive income model by charging more for high resolution photos with her ‘gig extras’. University students, get ready for this. There is a student at the University of Oregon who has a Fiverr gig passing out 150 fliers. He gets an extra $5 for passing out fliers in color. If a political party got hold of this I think there would be a big shift in how they approach campaigning.
People with a large following on Twitter can do well in multiple venues on Fiverr. One person has over 100,000 Twitter followers and he charges $5 to tweet about your travel site. His followers are expecting these tweets because travel is the theme of his account. So as you can see, the possibilities of how you can make money on the Fiverr platform are limited only by your imagination.