After surveying YHMTYT readers and newsletter subscribers, I learned which financial matters most concern you:
- Saving an emergency fund
- Paying off debt
- Investing for retirement
Surprisingly, starting a business falls to the bottom of list. (You guys also don’t give a crap about funding your kids’ college education. :’) You make me proud.) But I know you’re interested in creating extra income streams.
Now, I spend more time hunting down fresh opportunities for you to boost your earnings without the hassle of starting a traditional business.
Fiverr.com–an online marketplace where you buy and sell services for (you guessed it) $5–offers a platform to achieve this goal.
The low price of five bucks entices buyers to order small jobs on impulse. If the product sucks, the customer doesn’t lose much. With that said, over a third of Fiverr gigs go for more than $5. So, creative sellers can pull in a hefty sum of cash.
Here are ten jobs you can provide on Fiverr.com
How Does Fiverr Get Paid?
Fiverr takes a cut of your earnings for connecting you with buyers. Also, the company remits payment to users via PayPal who charges fees for use of their service. After Fiverr siphons off $1.00 and PayPal snags another $0.08, you receive $3.92 for each $5.00 gig.
Doesn’t seem like much, does it?
But as I mentioned earlier, many jobs command more than a “fiver.”
5 Simple Tactics to Supercharge Your Fiverr Income
- Ask for tips.
- After completing a job on time and as advertised, I received the following message from a seller: “FEELING GENEROUS? Buy me a drink!” The seller created a gig to buy HERSELF a $5 Green Tea Frappuccino® or a $10 lunch if customers appreciate her work.
- Promote add-on services.
- Clients pay $5 for a 30-second video intro and $10 for a 60-second video intro.
- Offer express delivery.
- Cater to the inner I-want-it-now demon by charging an extra $5 for 24-hour delivery or $10 for 12-hour delivery.
- Charge extra for premium quality.
- Create a video testimonial in standard definition for $5. For $10, give your customer the file in high-definition.
- Guarantee “satisfaction or your money back.”
- If the buyer isn’t happy with your work, offer a 100% refund within 3 days of product delivery.