Last Updated on December 22, 2021 is the largest marketplace in the world for digital services. I like to call it the Amazon of digital services.

I use it every single day, both as a buyer and as a seller.

In this article, I’d teach you everything you need to know about it!

What is Fiverr?

Fiverr is an online marketplace for digital services, with an estimated number of over 3 million unique services offered inside it.

Founded by Micha Kaufman and Shai Wininger in 2010, Fiverr‘s goal is to provide a platform that connects online freelancers with buyers from all over the world.

Its name derives from the word “Fiver”, representing the 5$ bill which is the platform’s starting selling price point.

Nowadays, Fiverr is a public traded company worth over 5 billion dollars, and the home of over 800,000 active freelancers.

How Does Fiverr Work?

Fiverr works by offering a wide variety of digital services, known by the company as “gigs”.

The type of services you can find on Fiverr include:

  • Logo design
  • Content writing
  • Ecommerce and website development
  • Video editing
  • Video production
  • Twitch services
  • App creation
  • and much, much more.

All those gigs are fulfilled by the ever-expanding pool of freelancers that join Fiverr from all over the world.

The freelancer can set the price he’d like to charge for his services (in 5$ increments) and the delivery time. After publishing the gig, it becomes public and any interested buyer can purchase it while browsing the marketplace.

How Does Fiverr Work For Buyers?

Fiverr makes the outsourcing job extremely easy for its buyers.

As a buyer on Fiverr, you can browse the various different categories or type the service you are looking for in the search box at the top of the site.

Then, you will be presented with a clear list of gigs that fits what you are looking for:

virtual assistant services

Now you can go through the services until you find the one that fits your criteria.

By clicking on each gig, you would be directed to its gig page – where you can see the full description of the service you’d receive, as well as read the ratings of past customers and the experience they had with the seller.

If you are not sure whether a seller can deliver exactly what you want, you can always message them directly and ask any questions you might have.

If you are feeling a bit overwhelmed by the sheer number of services – that’s completely understandable. It took me years to find my own crew of quality Fiverr sellers.

Here’s a few of my top favorites:

  1. Logo design – You can easily get a solid logo for less than 20 dollars (really!). Check out this gig.
  2. Whiteboard animation – this is one of the categories where Fiverr sellers shine the brightest. There are plenty of excellent animators to choose from. My favorite is this one.
  3. Content writing – writers on Fiverr tend to hit or miss. If you want to ensure you get quality content, use a Pro verified seller like Erin.

After you finish researching your options, making a purchase on Fiverr is a very straight forward process:

  1. You make the payment.
  2. Enter the job requirements, which are usually instructions of what you are looking to get.
  3. Wait a few days for the seller to complete the order.
  4. When the order is completed, you’ll get a delivery message both on-site and to your email address.
  5. You’ll get to review the order: accept it if it’s okay, or ask for a revision if there’s something that is missing.

One of the key advantages of using a platform such as Fiverr is that it acts as an escrow service, meaning they keep your money and don’t send it to the seller until the order is 100% completed and you are satisfied from the end result. That way they ensure the buyers safety, and reduce any chance of possible fraud.

How Does Fiverr Work For Sellers?

Regardless if you have any past experience of being a freelancer, registering as a Fiverr seller is both easy and fast.

All you need to do is the complete the registration form, setup your account’s profile and you’d be ready to go.

As a Fiverr seller, you have the option to create up to 7 active gigs. You can choose their starting price point, as well as use gig packages – which would allow you to set a different price point for more advanced services you can offer.

For example: as a logo designer, my starting price may be 20 dollars, and I could setup 2 higher gig packages for 40 and 60$ which would include more designs to choose from or larger number of possible revisions.

Fiverr works based on a tiered level system. As you get more and more customers and complete their orders, you’d also advance in your seller level and get access to more cool features.

Those are the current seller levels on Fiverr:

  1. Basic seller – can have up to 7 different gigs at the same time. get paid after a 14 days clearance.
  2. Level one seller – up to 10 active gigs. can get featured on Fiverr special promotions.
  3. Level two seller – up to 20 active gigs. can send custom offers for up to 10,000 dollars.
  4. Top rated seller – up to 30 active gigs. 7 days payment clearance. get access to VIP customer support.
  5. Pro seller – this is the highest tier on Fiverr. This level can be reached only by known professionals who get manually verified by Fiverr.

You’ll get notified for each new order you’ll get, along with the instructions the buyer sent for you. You’ll need to deliver the order within the time frame that you decided on and wait for his approval. When the order would be marked as complete, you’ll get 80% of the total order. the rest goes to Fiverr for using their platform.

Some sellers may find the 20% commission a bit too high, but at the end of the day Fiverr eliminates one of the hardest parts of being a freelancer – finding new clients. They basically send buyers directly to you, without any advertising from your side. As long as take the commission into consideration when setting up your initial price, you can do just fine.