TLDR;
The video discusses how to make money on Fiverr in 2024, highlighting the platform's potential for both beginners and experienced freelancers. It emphasizes the importance of branding, exploring different service categories, and focusing on consistency to achieve success. The speaker shares his personal journey, earning significant income through Fiverr, and provides insights into building a successful profile and managing client relationships.
- Fiverr can be a great platform to build your portfolio, reviews, and client communication skills.
- Building a strong personal brand and showcasing expertise are crucial for success on Fiverr.
- Consistency and commitment to improving your profile are key to achieving results.
Introduction to Fiverr's Potential in 2024 [0:00]
The speaker discusses the opportunities available on Fiverr in 2024, sharing his experience of earning close to $2 million on the platform. He addresses the common misconception that Fiverr can consistently generate $10,000+ per month, noting that success depends on various factors like service type and gig categories. He highlights that Fiverr can be a great starting point for freelancers to build their portfolio, gain reviews, connect with buyers, and learn client communication.
Fiverr as a Full-Time Career [2:17]
The speaker emphasizes that Fiverr can transition from a side hustle to a full-time career, referencing his earnings of $40,000 per month after Fiverr's 20% commission. He contrasts Fiverr with other avenues like running a social media marketing agency, where success isn't guaranteed despite effort. On Fiverr, building a reputation can lead to consistent inbound inquiries, eliminating the need for constant outreach.
Building a Personal Brand on Fiverr [3:48]
The speaker underscores the importance of branding on Fiverr, highlighting the need to present oneself as an expert. Personalization, transparency, and professionalism are key to attracting buyers. Investing in professional video content can significantly improve your profile. Building a personal brand across platforms like Instagram, X, and YouTube is essential, mirroring the approach needed on Fiverr to showcase skills and expertise.
Exploring Different Categories on Fiverr [5:34]
The speaker suggests exploring different categories on Fiverr to understand what others are doing. He uses the social media marketing category as an example, noting its competitiveness. He highlights a seller with 71 orders in queue, charging €287, demonstrating the potential for high earnings. He also points out a seller charging $450 for creating social media profiles, with multiple orders in queue, illustrating the income potential from specific services.
Strategic Time Management on Fiverr [8:23]
The speaker emphasizes the importance of strategic time management, especially when balancing client work and scaling efforts. He notes that constant outreach can be time-consuming, making it difficult to manage client communication and service delivery. Fiverr simplifies this by attracting clients to you, allowing you to focus on profile optimization. Consistency over 3-6 months can lead to significant momentum and results.
Focus and Consistency on Fiverr [9:56]
The speaker stresses the importance of consistency, commitment, and continuous improvement on Fiverr. He mentions sellers earning $100,000+ in their first year, depending on the category. He suggests focusing on one direction, such as Instagram growth, and committing to it. He shares his experience of taking a break from Fiverr due to Instagram changes but eventually recovering and achieving top-rated seller status again.
Differentiating Gigs and Avoiding Duplication [11:31]
The speaker advises creating multiple gigs to increase visibility but warns against using the same descriptions, titles, and pictures to avoid issues with Fiverr's terms of service. He highlights that even with one gig, it's possible to reach the $10,000+ mark by offering services like Instagram growth. Passion is crucial, and focusing on improving and scaling your Fiverr presence can yield significant results.
Evolving Fiverr and Building a Website [12:47]
The speaker notes that Fiverr has evolved beyond the "$5 thing," attracting bigger companies with services like Fiverr Pro. He advises committing to Fiverr for at least six months and continuously improving your services. He shares how he restructured his approach by focusing on content creation and building a website that connects to his Fiverr gigs. This website showcases his work and directs traffic to his Fiverr services, streamlining client management.
Managing Clients and Team on Fiverr [15:06]
The speaker discusses the challenges of managing clients directly versus through Fiverr, noting that the platform helps streamline workload and organization. He shares his experience with outsourcing, highlighting the importance of having a stable income stream to support a team. He also mentions the trend of one-person agencies, where individuals maintain control while outsourcing specific tasks like content creation to a small, full-time team.
Advice for Starting on Fiverr in 2024 [17:23]
The speaker advises investing at least a month to structure your Fiverr profile professionally and to study successful sellers. He shares an example of a seller with 137 orders in queue, charging $130, illustrating the potential for high earnings. He emphasizes that there's no magic formula, just consistent effort and a focus on delivering value.
Fiverr's Traffic and Platform Improvements [19:25]
The speaker expresses excitement about Fiverr's ongoing investments in traffic and platform improvements, such as A/B testing and acquiring other businesses. He notes the constant changes to the platform, like the updated seller profile design. He is consistently amazed by the influx of 10-20 new potential buyers daily, highlighting the platform's reach.
Free Fiverr Course and Newsletter [20:32]
The speaker encourages viewers to take Fiverr seriously and mentions a free Fiverr course available to newsletter subscribers for a limited time. He sees this as an opportunity to learn from his experience and gain a clear structure for success on the platform.