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An Introduction to Fiverr
Hence its name “Fiverr” is the world’s largest marketplace offering digital tasks and services starting its services from basic $5 per service. The platform is basically used by the freelancers where they sell their services to their customers on a global scale. Before we move ahead towards “How does Fiverr work?”, let us share some commonly used terminology on Fiverr you need to know before getting started.
What is Fiverr Gig?
The services offered by the sellers on Fiverr are Fiverr Gigs. For example, “I will write a 500 words article for $5” is an example of a gig on Fiverr. Learn Creating a Gig on Fiverr.
What are Fiverr Gig Extras?
Considering the above example, “I will write a 500 words article for $5”, creating gig extra for this, the seller can offer 1000 words article for an additional $5.
What is Fiverr Order?
When a buyer purchases some services (gigs) of the sellers it said to be an order.
Who are Fiverr Sellers?
How does Fiverr Fiverr work for sellers? is a big question asked by the newcomers? Freelancers offering services on this platform are the Fiverr Sellers. Sellers have the options to select their gig starting price. The minimum price for each gig is $5. The sellers can also offer multiple prices in their gig by creating gig packages. Doing this, they are able to sell their services based on different prices.
Who are Fiverr Buyers?
The persons who buy sellers services or gigs are the Fiverr buyers. Fiverr allows its users to browse through the categories or the Fiverr search engine to check out the service they want to purchase. When a buyer sees something favorable for him in the gig, he/ she has an option to contact the seller for further inquiries, otherwise, he simply places an order.
1- Fiverr Sign Up
How does Fiverr work?
For every freelancer to buy or sell services on Fiverr, the sign up to the site is compulsory. Singing up to Fiverr is free. Once you go to the signup page, it requires your user-name, e-mail, and a password and you are ready to go. You can also sign up through to Facebook account, however, it’s not a preferable approach. Learn more about creating a Fiverr account.
2- What to Sell on Fiverr?
After signing up, you must be wondering what should you sell on Fiverr? Almost everyone can find something to sell on Fiverr. If you face any difficulty in finding what to sell, just troll the categories of services on Fiverr. Analyse the categories and find the area where your skill fit in.
3- Fiverr sellers fees
As discussed earlier, sellers start their services from $5. For every sold gig, Fiverr charges 20% of each order budget. For example, if your gig is of writing 500 words article for $5, then you will earn a revenue of $4.
4- Fiverr Payment Process
Whenever a buyer places an order, he/ she pay Fiverr in advance. The order value or price is stored in between the buyer and the seller. If the buyer’s expectations are met and the order is delivered successfully Fiverr transfers 80% of the order revenue to your account. Despite, it is returned to the buyer.
5- Fiverr Reviews and ratings
The buyer has an authority to rate the seller’s services out of five stars review system. If the buyer gets what was expected and what the gig was describing, it’s his/ her responsibility to gift seller with positive ratings and review. However, the seller can’t challenge the buyer either for making a review or a positive review. Because Fiverr prefers the buyers more than the sellers.
6- Fiverr Sellers Level
The seller levels are just like ranks or badges, sellers are awarded for their consistent, high-quality, reliable and genuine services on Fiverr. These levels can help sellers skyrocket their services and credibility. Once you sing up, you’re are automatically labeled as a “New Seller”, and after meeting the Fiverr requirements for level upgradation you can start climbing up the level system on Fiverr.com, below are the requirements for achieving these levels.
i) Level-one Seller
There are a few requirements to meet before you climb up to “Level-one”. Fiverr reviews your last 60 days performance, and if you comply with the standards, you are upgraded to Level-one.
Requirements:
- Completing 60 days as an active seller on fiverr.com
- Completing at least 10 orders of all time.
- Maintaining 4.8 ratings for last 60 days.
- Earning at least $400.
- Having 90% Response-Rate over the course of last 60 days.
- 90% Order-Completion over the course of last 2 months.
- 90% On-Time delivery over last 60 days.
- Avoid receiving warnings for last 1 month.
ii) Level-Two Seller
Level-two is not an easy race to win. But it’s really worthy if you get it. It’s an automatic process as Fiverr review your performance of the last 2 months an upgrade your level.
Requirements:
- Completing 120 days as an active seller on fiverr.com
- Completing at least 50 orders of all time.
- Maintaining 4.8 ratings for last 60 days.
- Earning at least $2,000.
- Response-Rate of at least 90% over the course of last 60 days.
- 90% Order-Completion over the course of last 2 months.
- 90% On-Time delivery over last 60 days.
- Avoid receiving warnings for last 1 month.
iii) Top-Rated Seller
Becoming a “Top-Rated Seller” on Fiverr is nothing but a milestone. Remember, it’s a manual process once you meet the requirements, the Fiverr team reviews your previous performance, and if the team confirms your eligibility then you become “Top-Rated Seller” on fiverr.com
Requirements:
- Completing at least 180 days as an active seller on fiverr.com
- Completing at least 100 orders of all time.
- Maintaining 4.8 ratings for last 60 days.
- Earning at least $20,000.
- Sustaining 90% Response-Rate over the course of last 60 days.
- Order-Completion rate should be 90% over the course of last 2 months.
- The on-time delivery rate must be 90% over last 60 days.
- Avoid receiving warnings for last 1 month.
That was the mechanism that Fiverr follows for sellers levels system, and how does Fiverr work. Once you get these levels you get a number of benefits, for example, more gigs, more Gig Extras, more Gig Multiples, VIP Customer Support, quick earning clearance etc.
Happy Selling!
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