Are you a freelancer? Looking for a platform to deliver your services and get paid instantly? If you are, then you are in the right place. Here in this article, we will introduce you to an online marketplace called Fiverr and how it can help you make money by offering your services.

So without further delay let’s dive in and see what this Fiverr is all about.

What is Fiverr??

Fiverr is an online marketplace for freelancers to offer their services and get paid for their services. The website was launched 11 years ago on the first of February 2010.  When the founders of the website Micha Kaufman and Shai Wininger came up with the idea of Fiverr, they were aiming to create an online marketplace for freelancers to sell their services and a place for the buyers to hire people to get their job done. Their idea came to life and Fiverr came into existence.

On Fiverr, people can post the job requirements they have and find the service providers that match their description and the freelancers can post the service they are willing to sell and find suitable customers that need their services. The services on Fiverr starts from $5, that is why the nickname. You can always get the gigs that pay you higher amounts based on the type and quality of the service that you provide.

How to make money on Fiverr?

Before diving into the main topic, let us first understand how Fiverr works. Basically, there are two types of people on Fiverr, The sellers and the buyers. The sellers are the people who are freelancing and are offering their services on the platform. The chances of a seller being hired for their services depends on their experience in the industry and their experience on Fiverr. A buyer is a person who is looking for someone to complete work for them. Buyers can be a person or a business or a company, hiring people to work for them on a specific task.

Both the buyers and sellers can look for a match on Fiverr. The buyers can look for the seller to match their work description and the sellers can look for the gigs where their services are needed.

Before you start making money on Fiverr, the First thing you need to do is set up your profile.

As a first step in the process create a new account on Fiverr and register for it. You can’t make money on Fiverr unless you are a registered user. Once you sign up by entering your details, you will get a confirmation link to your email. Click on the link, confirm your account and you are set to start your journey on Fiverr.

Once you are done registering for the website, you can go on and create a seller profile.

Your profile is the first thing your buyers see when they are deciding if they should hire you or not. So there is no need to mention that your profile is the first most important thing that could get you a job on Fiverr. That being said, you now know that your profile should reflect your professionality and make a good first impression.

You are now a seller on Fiverr, but how do the buyers find you? What is your next step??  Create a gig. Your gig here on Fiverr is like your job description. It should be clear and mention all the details that the buyers would want to know from you. It should include your talent or the service you are providing, your requirements and also what you are gonna charge them for the services you provide. Whoever you are or whatever talent you have you need not worry, Fiverr got your back.

You can mention any talent you have and are willing to offer, let it be professional web designing, creating logos, writing blogs, doing research, video editing, making logos, offering advice, or even teaching music or knitting a sweater, whatever is the talent you have, Fiverr has something up your street. Someone out there will for sure be interested in buying your services. Most of the gigs that usually are offered on Fiverr are electronic and done online, but if you are interested, you can deliver them offline too and charge postage charges.

Now you have become a registered seller on Fiverr, you even posted your gig, what do you do next? How do you make money on Fiverr? Well, you can do two things here, you can either sit back and wait for the buyer to find your gig or, you can send offers to the buyers. Yes, as we said before, both parties (buyers and sellers) can find their matches on Fiverr, so what would you do?? Would you wait for someone to find your gig? Or be proactive and look for buyers that need your services and send them your offers directly?. Although both can help you make money on Fiverr, the latter one increases the chance of you getting more gigs, which means more money.

You being a seller, obviously are on the platform to make money, then wouldn’t you be interested in knowing the pricing and the costs associated with it? To begin with, creating an account with Fiverr is completely free, which is one of the greatest advantages of using Fiverr, the platform does not charge any fee from you to become a member of Fiverr, i.e. a buyer or a seller. 

But as a seller on Fiverr, you only receive 80 per cent money of the price of your gig or the service you offered. Let’s say you offered a service for $20 you would only get paid an amount of $16  and the rest $4 i.e. 20% of the price, Fiverr keeps it as a commission. And as a buyer, you will pay the cost of the service and transaction fee to Fiverr.

The transaction fee depends on the price of the gig, If the price of the gig is $40 or below you will be charged a transaction fee of $2 and for the gigs with a price more than $40 you will be charged a transaction fee of 5% on the price of the gig. For example, if the price of the gig is $20 you’ll have to pay a transaction fee of $2 but if the price of a gig is above $40 like for example $60 you’ll pay a transaction fee of 5% which is $3.

Congratulations!!! You are now a seller on Fiverr. Let’s dive in and look at some of the ways through which you can earn money on Fiverr.

Fiverr Tips

Now that you are here, let us take you through some tips you can use on Fiverr that can make your job easy on Fiverr.

Your profile and listings basically earn you all the gigs you get on Fiverr, so first let’s begin with a few tips that can make your profile stand out from others that are offering the same service. 

As a first step in the process find an image of high quality relevant to your gig. This image is not your profile picture but is unique to each gig that you post. Let this image be colourful, expressive and creative. While choosing the image, imagine if you are a potential buyer would that image be enough to catch your attention.

One more thing you need to do is use certain keywords in your post as that can increase the chances of getting your gig to come up in the feed when the buyers use those keywords in their searches. Also, make your gig titles unique, creative and catchy. Let your title reflect confidence and punctuality. Make it seem personalised. For example, consider writing something like “ I will make you an expert in playing the piano in 15 days just for $5”. Can you sense the confidence in the title? Yes? That is something that can make you money on Fiverr. Along with using keywords and writing a catchy title, you can also use SEO (search engine optimisation) to make your order noticeable on the platform.

You now got a display image for your gig, and the attention of your potential buyer, what more do you need now? Your buyer is on your profile now, so obviously they would read through your listing. Your description should be interesting and easily understandable. Describe your listing thoroughly and provide all the details and instructions that your buyer would want to know, that can save a lot of your time that you will have to spend in answering the questions and emails if your description is not clear. To provide a more clear description of your gig, consider giving a video introduction to it.

Want to enjoy the exclusive benefits of being a top seller on Fiverr?? LEVEL UP!! Fiverr has different levels through which you progress as a part of being a seller on the platform. For now, you are just a ‘New Seller’ on Fiverr, considering that you just created your seller profile on the platform. You will upgrade to a higher level based on the number of gigs you have completed. Along with making your profile noticeable, you also need to consider the following things if you want to become a top-seller on Fiverr.

Good customer service and a high star rating can get you to the top and make you more money on Fiverr. Customer satisfaction is obviously the most important factor that you need to focus on to get to the top of any service you are providing. What satisfies your customer? We have some tips in mind that can help you. Let us help you gain your customer’s satisfaction. The buyers will have a lot of doubts and queries even after reading your description and they need answers. They might go looking for another seller if you fail to answer their questions in time. But staying on a laptop or computer all the time is not an easy task for anyone. To lessen that burden, use the Fiverr app. It can help you with answering customer queries anytime and from anywhere. By doing this you are now one step ahead of the competition.

Just answering the queries doesn’t get you a 5-star rating. You also need to be punctual in delivering the service you have promised to complete. Set a timeline before beginning the trade and give them a realistic number of how many days it would take you to deliver the said service and deliver it on time. Being punctual can earn you the buyer’s confidence and get you more positive reviews. Positive reviews and feedback are vital in the Fiverr community not just makes your profile more appealing to the buyer, but will also increase your visibility on the platform. 

One more tip we can offer you to make more money on Fiverr is to UPSELL!! Upsell your products. Let’s say you are offering to write a blog or make a video presentation for $5, you can offer the buyer additional features or more professional work for more money. 

Alright now, enough with the tips, let’s get going and look at a few ways through which you can make money on Fiverr.

What can make you more money on Fiverr??

There are a lot of people on the platform that make more than $1000 in 30 days by offering their services. You can also be one of them if you follow the above-said tips and choose the right kind of service to provide. Like we already said, you can literally sell anything on Fiverr. There are literally hundreds of categories to choose from. Confused about choosing a service that can make you more money? One thing we can suggest to you is that before choosing a service that you want to offer, check if the pay is worth the service you are offering. Here is a list of a few categories of gigs that pay you a high amount which in turn can make you more money on Fiverr.

Web Development

Let’s start with one of the highest paying jobs on Fiverr, WEB DEVELOPMENT. You find plenty of gigs on Fiverr that need you to design and build a website. Although there are different offers that you can find on the platform for different things you do in web designing like coding, concept and design, you will be able to make more money if you can do all these things. Also, decide on which type of website you are willing to make, gigs that offer to make eCommerce websites have a huge demand on Fiverr. People are willing to pay a very high price for those who can build such websites. The pay for these services ranges from $100 to $2000 per gig.

Translation Services

Are you an expert in more than one language? Do you have the skills to translate text or audio into other languages? Then you can make use of your talent and become a translator on Fiverr. There are plenty of people and businesses on Fiverr that are looking for a translator to translate articles and documents into other languages. As a translator on Fiverr, you can earn an amount of $100 to $1000 for each translation that you make.

Well, if you can speak more than one language, why stop at just translating stuff? You can find a lot of people on the platform that are willing to hire a private language tutor. If you are interested in teaching too, you can earn more money with the language skills you have.

Writing 

If you can write well, making money on Fiverr is not much of a task for you. We say so because there are plenty of buyers on Fiverr that are looking for someone to write for them. When we say ‘write for them’ we literally mean writing, because there are different types of writings that you can offer on Fiverr. Some might need you to write a review of a product, others might need you to write a blog and someone else might need you to write songs or jingles, some might even need you to write their resumes or cover letters or write letters, emails, headlines and product descriptions, whatever piece of writing it is, the payment you get depends on how fast you can write and how unique and creative your writing is. If you can write fast enough, you can earn a good amount of money in a very less time.

You can also earn a good amount of money copywriting. There are a lot of businesses that offer a very good some if you can write them a good sales copy. 

Marketing

With a lot of start-ups and rising businesses out there, there is a heavy demand for marketing services. People and businesses want you to market their products. There are plenty of services you can offer when it comes to marketing. There are several gigs on Fiverr that are looking for services such as Strategic Social Media Marketing and Influencer Marketing. As a part of Strategic social media marketing, you can offer services like creating ad campaigns, some might even need you to manage their social media accounts for them. 

Apart from designing marketing campaigns from them, you can also make more money by promoting their product or business by yourself, through your social media account. Influencer marketing is one of the ways that can make you more money with very little effort. All you need is a good amount of followers and that can make you money if you are willing to promote their business on your social media. The pay will range from $10 to $1000 depending on the number of followers you have and how active you are promoting their business.

Graphic designing

If you are a graphic designer, then you don’t need to worry about finding gigs on Fiverr. There are literally thousands of graphic designing jobs out there that you can choose from.  Whatever can be your specialisation, let it be designing logos, cards, t-shirts or anything else that you wish to design, depending on the requirements and the amount of work and effort needed, the gigs will pay you $10 to $1000. You can always make more money here by upselling your product. Just offering a few extra customisations for a bit more money always works.

Video Marketing

Did you know that there are some video marketing gigs on Fiverr that can make you $10,000 per gig? You heard right. Video marketing is one of the highest paying gigs on Fiverr. Demand for the gigs that offer video services is on the rise these days. People are looking for sellers to make videos to market their products, these videos can be advertisements, short videos or animations. Also, with the rise in the number of people using social media, there are a lot of gigs that need you to make videos for social media platforms such as Instagram, Facebook and YouTube. If you are an aspiring director or an expert in video making, what more do you need to make money. Fiverr offers you plenty of gigs to make it happen.

Illustration  

If you are an artist or just someone who draws comics and caricatures as a hobby, Fiverr is a very good platform for you to make money with the talent you have. You can find a lot of gigs on Fiverr, that needs you to make customised drawings and comics and a lot of business offer that need you to make unique characters for their businesses. You can make $10 to $300 based on the type of illustration and how creative you are.

Virtual Assistant

Fiverr has several gigs looking for a Virtual Assistant. Being a Virtual Assistant, all you need to do is manage schedules, setting appointments, cold calling, data entry etc. One main benefit of being a Virtual Assistant is that you can literally be anywhere in the world and can still manage the businesses. If you stay organised and manage multiple tasks and schedules you can become a Virtual Assistant on Fiverr and make money through it.

Wrapping Up

Fiverr is a great platform for you if you are a freelancer and are interested in making some extra money. Along with the above-mentioned categories, there are a lot of services that you can sell on Fiverr like doing voice-overs, troubleshooting website problems, offering SEO help, offering advice, creating or teaching music and a lot more. Choose the service you want to provide based on your skill and talent and you are good to go. One advantage of Fiverr is that you can choose your gigs based on your schedule and needs. You don’t need to worry about payment while you pick gigs on Fiverr as the buyers have to pay the amount in advance to the platform, so Fiverr will pay you right after you complete your task. Although the commission rates are a bit higher on the platform that can be overlooked considering the varied and vast number of opportunities the platform offers.

Hope this article has answered the queries you have about Fiverr and provided you with the information you were looking for. For more such article visit the Postling website.

How to make money in stocks? When thinking of making money in stocks, forget whatever you’ve heard about stocks. Surprised? Well, if the phrases you’ve heard go like this: I made $400 overnight with just $4; Stocks are easy! Just go with the flow and wait for the “market” to do its magic- then yes! Time to do some fact check.

The thing with the stock market is that no one knows how the events take their turn. Yet, as always, persistence and consistency is the key. The majority of people who invest in stocks get disheartened by the ups and downs in stock performance.

But, the key to making money in the stock market is speculation. Ever heard of the concepts- Time value of money and compounding? Before getting into the technical terms, let us understand what are these stocks all about. 

What are stocks?

Stocks are nothing but shares in the ownership of the company. Whenever an individual buy a share (stock) of a particular company, it means they hold a small portion of ownership in that public corporation.

But why do companies extend ownership to the public? Let’s say a company is planning to venture into a new domain and needs funds. The company already has a good turnover of around some millions of dollars, but they want to go public for further expansion. So, the company decides to get listed on the stock exchange and sell shares for amassing the necessary funds. 

The company makes its initial public offering (IPO), through which the public can buy shares of the company at the initial price. On buying the shares of the company, people who bought the shares (shareholders) become the part-owner of the company.

Based on the turnover, leadership changes, and other factors, shareholders can decide whether to hold the share or to sell them at any given time. Whenever the value of the company rises, the value of shareholder investment rises. This transaction of shares happens in a regulated system called the stock market. 

How do Stocks work?

In simple terms, stocks are nothing but an investment in a company. Shareholders who own the stocks can earn a return on their investments at periodic intervals. Owning shares in a company primarily gives you returns of two types:

• Stock performance 

Whenever a company’s performance goes good the stock price rises, which is a rise in your investment. If you wish to sell the stock for a profit: you can either sell all the shares at once or hold some shares and sell some shares. It all depends on the kind of risk you are willing to take and your portfolio performance.  

• Dividends

A dividend is a part of the profit gained by the company for the financial year. When a company earns a profit, it will pay a proportion of the profit in the form of a dividend to its shareholders every quarter. However, not all companies distribute dividends. Some companies reinvest the dividend in the form of retained earnings. 

Generally, the majority of the investors own common stock- the shares that give voting rights and dividend share. However, owning shares of any company doesn’t mean they own the company and its assets. Neither do they have any decision-making power nor a say in internal matters.

All they own is a share in profit (and of course, bear the brunt of loss too). In fact, the whole goal of investments is to maximize the wealth of investors.

As the value of a company’s stock rises, so does the wealth of investors. But to make money in stocks, we need to be willing to take some risk of uncertainty. Although stocks are gateways to high returns, volatility is the major risk factor.

Stock prices always fluctuate based on many factors. From over-all market fluctuations to company-related events, a variety of reasons contribute to market volatility. Yet, long-term investors hold on to stocks for years together and make sure that their portfolio’s value rise. 

How to Invest and make money in Stocks

Beginners may find it confusing to invest in the stock market amid the constant fluctuations. It is true that one needs to keep an eye on stock performance and market performance.

For long-term investors, investment in stocks even during market fluctuations eventually results in good returns. Market volatility is often daunting. Yet, the stock market downturn means there are many shares for sale.

With patience, technique, and speculation- eventually one can make a good fortune in the stock market. 

For beginners, the best way to get started is to create a brokerage account. A brokerage account is just like a bank account where an investor can deposit money with a licensed brokerage firm.

The brokerage firm places trades on behalf of the investor and executes the order. Although it is the brokerage firm that takes care of your transaction, the brokers do not own your assets.

With a brokerage, investors can be assured about diversification and make informed decisions regarding investments. Once deciding how to proceed with the brokerage account, there are some aspects that you need to be sure about. The investor must be clear about whether to invest in stock mutual funds or individual stocks. 

Stock mutual funds:

Mutual funds are the most popular choices among investors who have a lesser risk appetite. This investment channel lets investors pool their money in different securities like derivatives, futures, equities, and so on.

Diversification helps investors plan their investments by assessing the risks pertaining to uncertainty. Many brokerage firms recommend mutual funds for beginners who are looking for low-risk investment options. 

Individual stocks

If you prefer holding on to a specific company’s shares rather than diversifying the portfolio, you can buy individual shares of selected companies and manage your portfolio. However, you also have the option to diversify the portfolio by pooling individual shares of two or three selected companies- but it takes a higher investment in this case.

Unlike mutual funds, individual stocks are not diversified inherently. The odds of single stock giving handsome returns is less when compared to that of mutual funds. With mutual funds, you have a lesser risk factor as even in cases when the share prices of some stocks fall, there are other securities that balance the risk. 

Here are some important pointers to keep in mind before starting to invest:

• The prices of shares range from just a few dollars to a thousand dollars. It is crucial to set your investment budget aside as the investment pattern depends upon how expensive the shares are. 
• Plan your investments in a long-term lens. For maintaining a diverse portfolio, allocate your budget into parts. If you are a young investor, allocate 80% of your budget to mutual funds and the rest 20% to individual stocks. 
• Unlike what many investors believe, the performance of the stock market depends on shareholder behaviour. The investment patterns are largely influenced by the stock’s previous performance and 
• Many investors have strategies- largely derived from their own experiences or learnt from others’ experience or books. Before investing in any stocks, one needs to assess: the stock’s previous performance, the industry to which the company belongs, recent announcements from the Government that might partially or completely influence the growth of the sector, leadership changes, and other factors. 
• After buying any stock, it is better to sit back and observe the stock behaviour than making impulsive decisions based on the fluctuations. 
• Avoid checking the stock performance compulsively. It is good to keep a tab on how your stocks are doing, but making decisions based on each fluctuation within a day does more harm than good in the long run. 

How to Research about Stocks

Researching stocks and making informed decisions is the first step to ensure a sustainable portfolio. The kind of research required for making investment decisions involves comprehensive-research based on many factors.

 Fundamental analysis is the first step in stock research. An investor needs to know about the financials of the company, leadership, brand outreach, etc for evaluating the stock.

Stocks are generally considered as long-term investment options because of the risk associated with them. The risks that we are talking about here are nothing but market fluctuations. If you are looking for short-term gains, investment in mutual funds might not be an ideal option.

The gains that mutual funds yield are based on compounding. The value of your investment will rise only with time and stock performance. For holding on to the stocks for a long time, investors need to analyze company history. To make money in stocks, investors should stick to the fundamental rules of investing. Here are the ways investors research stocks

Company history

Your research should start by reviewing the company’s financials and business model. The quarterly and annual performances of the company give you the required information about how a company is progressing and, way forward. The audited financial statements help you get an idea about the company’s sources of income, revenue models, and financial performance over the year or quarter. 

Earnings per share

Earnings per share are one of the important metrics that indicates the profitability of the company. It is a result that’s calculated by dividing the total amount of profit gained during a period of time, by the number of shares that the company has listed on the stock market. EPS is a metric to understand a company’s profitability on a per-share basis. Although some companies reinvest the earnings in the business or payout in the form of dividends to their shareholders, it is a good metric to estimate the financial performance of the company. 

Return on Equity and Return on Assets

Return on equity is a metric that gives the investor an idea about how much profit is a company making relative to its total amount of shareholder equity. This is one of the important metrics that investors use to measure both profits as well as efficiency. A well-performing return on equity suggests that a company is making good profits without investing much capital and how well it is utilizing shareholder capital. 

Return on assets is just like return on equity that measures financial performance. ROA is a metric that gives the investor an idea about how much profit is a company generating relative to its total amount of assets. A high return on assets signifies how efficiently is the management utilizing investments to get a good return on assets.

Price per earnings ratio

Simply put, the price per earnings ratio helps investors in comparing a company’s current share price to its earning per share. It is a valuation method used by analysts to understand if a company’s stock is overvalued. A high price per earnings ratio denotes that the company is overvalued, which further denotes that the investors are expecting higher growth rates in the long run. 

Revenue

Revenue is the amount of money that a company made during a period of time. It is of two types: Operating revenue and non-operating revenue. Operating revenue is the important criterion that an investor needs to consider as it is the inflow of money made by the core business activities.

On the other hand, non-operating revenue is the inflow of money that happened during one-time business activity. Revenue is the crucial factor while assessing the financial performance of a company as it is the only metric that keeps the business operations in-place. 

Wrapping up

Though there are a lot of investors who made it big in the stock market, budding investors need to understand that the path is not so easy as it seems. With market fluctuations dominating the space most of the times, patience and discipline always reward.

The people who made it big in the stock markets know the fact that emotional thinking is always a big no-no while taking investment decisions.

Although there is no clear strategy that is fool-proof, traditional traders and even modern-day investors vouch for the compounding principle and diversification. In this article, we have mentioned some basic and mostly-advised tips to make good money in stocks.

The first step to making it big is to stay informed. Make informed decisions and make it big!