Today I wanted to introduce the first edition of the Hustled series! The first edition of the series will be the development of a Fiverr store!
Hopefully the first of many, this series will act as a trial process for all things hustle! This series will only include hustles that I have no prior experience (to ensure I provide a true picture of the process). During this I will hope to identify the best strategies and provide a step-by-step guide alongside my (no bullshit) results. I will hope to provide an update every month (this may vary depending on the amount of hustles I am trialling at one time).
Side hustle are a key strategy to increase your earning potential allowing you to invest more! So without further ado – let’s dive in!
What is Fiverr?
First and foremost, what exactly is “Fiverr”?
Fiverr is a website that operates as a form of service marketplace between sellers (freelancers) and buyers. The site allows anyone with an internet connection to post a service (known as a “gig”) onto their platform. These gigs can range from more technical skills (programming and design) to soft skills (presentations and public speaking) and the weird and wonderful (kazoo and Jesus video messages).
As you can see anything goes on Fiverr…
How does Fiverr work?
Fiverr is very helpful when it comes to providing a step-by-step guide for new freelancers. Before you dive in – you may want to ask yourself whether you want to provide your services as an individual (your name and face) or behind a business name and logo.
Once you have decided this you will want to set up an account as a seller. This will require you to input your skills and details (including your profile picture).
After you have set up your account – you will be ready to post your fist gig (max of 5). As touched upon earlier this can be anything (as long as you aren’t breaking the T&Cs – no drugs kids). Once you have posted the gig (whatever that may be) this will become public – allowing buyers to view your gig and hopefully make that all important purchase.
It’s that simple – or is it…
What are the success rates on Fiverr?
Although the website is called “Fiverr” these gigs are not all priced at five dollars. Sellers set their pricing – the only requirement being that it exceeds $5.00. The platform will take a 20% cut from any sales (ouch…) this will need to be accounted for in your pricing.
From what I can see – setting up on Fiverr is fairly simple. Partly due to this – you will be faced with significant competition if you do not find the right niche. This is considering that on the platform you will be up against 830,000 different sellers competing for 2.4 million active buyers.
Furthermore, being “fresh faced” on the market will not aid in your success. The very familiar saying of “I can’t get a job without experience, but I can’t get experience without a job” springs to mind. However you will experience this in all avenues of life so why would it be any different here. This will be a key issue that many will face – but will provide a great life skill.
“Success is not final, failure is not fatal: it is the courage to continue that counts.” Winston Churchill
Over the next month I will seek to set up a personal service page in order to trail the success of working on Fiverr. This will be in the form of two different methods. Firstly, I will look into working with current skills that I already have (this would be the method I would advise to new starters also). The second method will be through the development of a skill from the ground up – with the aim to show readers how they can do the same – if a skill doesn’t immediately spring to mind.
So without further delay – let’s get started.
Not sure where to start with investing your time and money in assets?
Check out the Invest area of The Long Commute.
Need to free up some extra cash and gain a secure foundation before you start to invest in assets?
Check out the Saving area of The Long Commute.
Need to increase your income and build another stream of income?
Check out the Hustle area of The Long Commute.