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The Pros And Cons Of Making Money On Fiverr - Business - Nairaland

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Lazy Freelancing Jobs Nigerians Can Do And Make Money On Fiverr / 5 Lessons I Have Learnt From Earning Over N6 Million On Fiverr / Learn From My Experience On Fiverr (2) (3) (4)

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The Pros And Cons Of Making Money On Fiverr by Nobody: 8:17pm On Jul 26, 2017
Some days back, I made a post on Nairaland on how I earned 6 Million naira from Fiverr in 20 months.

It was received with lots of criticism mostly from those who have tried one online business or the other and failed at it. They accused me of making the entire process look so easy whereas it isn’t.

Well, I want to clear some misconceptions with this post.

Making legitimate money anywhere, whether online or offline is easy and at the same time hard.

It is easy if you learn the nitty-gritty of the business and you are willing to commit your time into making it work. It becomes hard when you don’t know the nooks and crannies of the business.

The same thing applies on Fiverr.

Fiverr is not a get-rich-quick scheme that you can jump in today and expect to earn one million naira within one month. It doesn’t work that way.

If you read the post, you will discover that the 6 million naira earned was within a 20month interval.

When you get started on Fiverr, the first one or two months tends to be slow because you are new and you don’t have enough reviews from previous clients. So only few clients will be willing to hire you.

But as your reviews keep increasing, your trust level will increase and so your sales increases too.

While some are lucky (like I was) to earn up to $500 (N170,000) or more on their first month, most people earn between $100 (N33,000) to $250 (N83,000).

Even if you earned $100 in your first month, it is still a good start since the work you will do will take you less than 24hours combined to do.
In this post, I will give you the pros and cons of working on Fiverr so that you can decide if it’s for you or not.

Let me start with the cons; the negatives

[center]CONS OF WORKING ON FIVERR[/center]

1. TO MAKE MORE MONEY, YOU WILL HAVE TO WORK MORE

If you earn $20 (N6,500) for a job that takes you an hour to execute, it means that for you to earn $500 in a month, you need to do 25 jobs which will take 25hours, even though the hours are spread within the days of the month and not a straight 24hours.

I call this a con because if you fall sick or decide to go on a personal holiday where you won’t have to work, then your income will seize till you resume.

Sometimes, I will just feel like taking a weekend off without doing any work, but if I remember that I have sales, I will have no option than to do it so that I won’t lose the sale.

So working on Fiverr will require you to work harder if you have to earn more.

2. SALES AT THE BEGINNING DOESN’T COME IN DROVES

Like I have already written before, when you start newly, sales don’t pour in heavily. You will need to be patient to build up your reputation before the sales starts pouring in.

You might get just few sales within the first month. What you will need to do is to ensure you deliver excellent job to the client so that the client will give you a great review. As your reviews increase, more clients will start trusting you and your sales will increase.

Most importantly, if you build enough reputation, you will start charging higher.

For instance, I charge between $50 and $100 for a job that takes me around 3hours to execute. There are even bigger sellers on Fiverr who will charge up to $200 for same job.

So you need to develop patience and persistence in the beginning to be able to build your reputation gradually.

3. TO EARN HEAVY AMOUNTS, YOU WILL NEED TO UPGRADE YOUR SKILLS

To be candid, some skills pay more than others.

The average amount people earn for a 500word article on Fiverr is between $5-$10, whereas a sales letter of 500words will earn you between $30-$50. Some charge even more.

The difference is that article writing is just a normal type of writing, whereas sales letter writing is a more sophisticated type of writing called copywriting.

The more specialized the skill you have, the higher you will be able to earn.

My advice to people is to start with the basic skills like article writing and data entry. As they start making some cash from it, they should invest their time and maybe resources into acquiring more lucrative skills like graphic design, video animation, copywriting, web design, programming, research writing, etc.

Anyway, these skills I mentioned aren’t the only lucrative ones. I just wrote down the ones that came to my head right now.

So if you want to start earning higher, you need to upgrade your skills.

Now that I have listed the cons, let’s get to the positive side.

[center]PROS OF WORKING ON FIVERR[/center]

1. YOU CAN EARN MORE MONEY THAN MOST WORKING CLAS PEOPLE

A recent survey by Stutern showed that more than 50% of Nigerian graduates earn N50,000 or less monthly and only about 1.9% of employed graduates earn above N150,000. Google this to confirm for yourself.

This is pathetic!

It is even more worrisome when you discover the number of hours they need to put in to earn such amount.

On the contrary, this figure is actually a starting point for a freelancer. Earning $200 (N75,000) monthly on Fiverr is considered a newbie

So as a freelancer on Fiverr, you can a huge amount of money to enable you take care of a family like I do.

2. YOU CAN INCREASE YOUR EARNINGS BY WORKING MORE

If you are an employee working with either the public or private sector, how long does it take for your employer to increase your salary?

Probably many years…..right?

In addition, you will have to work so hard to please your employer so that your salary will not be tampered with at the end of the month.

This is not so with a freelancer.

If a freelancer wants to increase his or her earnings in a month, he can decide to work harder to make it happen. At the end of the month, he gets more work and earns more money. The harder he works, the more money he earns.

Personally, I’m a lazy dude and so operates only two Fiverr account (****this is actually against Fiverr rules, but there’s a way to avoid getting caught……..Naija man must survive naa*****winks)

One of my super hardworking friends has 5 different accounts on Fiverr and is always busy. His revenue every month is never less than $2,000, even when the services he renders are just the basic ones like article writing, review writing, proofreading, etc.

I don’t envy him because he works harder than I do and so earns more. The most interesting part is that he doesn’t work up to the 8 hours that most employees offer their employers, yet he rakes in a minimum of $2,000 (N660,000) every month.

So as a freelancer, you have control of the amount of money you can earn. The more you work, the more you earn.

2. YOU GET TO WORK FROM HOME OR ANYWHERE YOU ARE

For example, I had a program at Port Harcourt last weekend, so I had to travel.

But it never stopped my work since all I had to do was carry my laptop with me. When I retire to my hotel room, I will simply open my laptop and execute the jobs I have and go to bed.

So as a freelancer, you are not limited by location. You can work from anywhere and anytime…..even from the beach like the oyibos like doing.

3. YOU GET MORE EXPOSURE AND INSIGHTS ON OTHER BUSINESSES YOU CAN DO

My working with so many clients all over the world as a copywriter, has given me insights to different businesses that people do around the world.
It has led me into thinking of creating my own information marketing, starting my own blog, starting affiliate marketing and even other offline businesses.

Even though I haven’t started executing some of these ideas, I’m working heavily on them and will soon launch out and hopefully make more money.

Now, I’m not trying to discourage those who are into one form of employment or the other.

No way!

My objective with this post is for the unemployed or underemployed youths in Nigeria to think towards different areas of making money rather than waiting for paid employment.

Presently, there’s no paid employment that will thrill me or make me consider taking it up. There is so much money to be made on the internet only if you can be diligent enough to master it and stick to it.

To me, Fiverr is just a scratch of the surface.

So is working on Fiverr worth it?

The answer is a BIG YES.

When I compare the pros and cons of working on Fiverr, the advantages far outweigh the disadvantages.

My mission in Fiverr is to generate revenue which I will be investing in other businesses both online and offline. It’s already working out for me and before too long, Fiverr will become my secondary…..no…..tertiary source of income…….****winks.

You too can also start on Fiverr if you have a laptop and internet connection. Besides, you wont need initial investment into getting a website, traffic building, etc unlike other internet business.

So it’s a good entry point.

Go ahead and try it today and kiss goodbye to unemployment.

If you would want to learn how to make a living from Fiverr, click here

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Re: The Pros And Cons Of Making Money On Fiverr by NairalandCS(m): 8:23pm On Jul 26, 2017
Top Notch piece.

8 Likes

Re: The Pros And Cons Of Making Money On Fiverr by Crysallis(m): 8:24pm On Jul 26, 2017
Nice article OP. Are you on WhatsApp so you can mentor me?
Re: The Pros And Cons Of Making Money On Fiverr by Nobody: 8:26pm On Jul 26, 2017
Crysallis:
Nice article OP. Are you on WhatsApp so you can mentor me?
Message me so I can give you the number privately

1 Like

Re: The Pros And Cons Of Making Money On Fiverr by Nobody: 9:51pm On Jul 26, 2017
This is quite encouraging. I will earn from it too.
Re: The Pros And Cons Of Making Money On Fiverr by Emmyk(m): 10:53pm On Jul 26, 2017
True talk. cool
Re: The Pros And Cons Of Making Money On Fiverr by YModulosGodSon: 11:54pm On Jul 26, 2017
...
Re: The Pros And Cons Of Making Money On Fiverr by SFTW: 10:21am On Jul 27, 2017
Awesome bro... please in the absence of laptop can one make use of phone? Cos my phone is faster than my laptop right now. Thanks
Re: The Pros And Cons Of Making Money On Fiverr by Nobody: 11:36am On Jul 27, 2017
SFTW:
Cos my phone is faster than my laptop right now. Thanks


Lol. You definitely need a laptop bro

1 Like

Re: The Pros And Cons Of Making Money On Fiverr by Krixxb(m): 12:08pm On Jul 27, 2017
Bigboyz32:

Message me so I can give you the number privately

Me too



Pls how do I send a private mssg ? Not too conversant with dis one
Re: The Pros And Cons Of Making Money On Fiverr by Sambusiness(m): 12:28pm On Jul 27, 2017
Krixxb:


Me too



Pls how do I send a private mssg ? Not too conversant with dis one
Re: The Pros And Cons Of Making Money On Fiverr by Nobody: 3:19pm On Jul 27, 2017
Getting a laptop ASAP!
Re: The Pros And Cons Of Making Money On Fiverr by COdeGenesis: 3:19pm On Jul 27, 2017
All na to sell ebook.

11 Likes 1 Share

Re: The Pros And Cons Of Making Money On Fiverr by davido2017(m): 3:19pm On Jul 27, 2017
ok
Re: The Pros And Cons Of Making Money On Fiverr by fergusen: 3:19pm On Jul 27, 2017
Nice. Following
Re: The Pros And Cons Of Making Money On Fiverr by JayRise(m): 3:20pm On Jul 27, 2017
...And how much you earn doesn't depend on you. In other words, you don't have total control.

So many newbies, especially in Nigeria, signing up on fiverr have been disappointed so far.

You know why?

Fiverr algorithms doesn't favor newbies at all. They put the so called experts & pros with longer fiverr history on the top page while the newbies will have to work themselves up through sweat & blood, day & night. I even prefer upwork setup than fiverr. Newbies have better chance of success working on upwork than on fiverr; and when you consider that upwork clients are more professional and pay more per job, you'll start to see my point.

The best way to earn money writing these days is just to launch a blog about professional writing or content marketing and show the world your skill. Get other writers to contribute on the blog too and build a portfolio for yourself.

This way, you are guaranteed to command higher fees and respect in the freelance writing world.

That's a piece of my mind...and Experience.

17 Likes 2 Shares

Re: The Pros And Cons Of Making Money On Fiverr by oscaruzie(m): 3:23pm On Jul 27, 2017
messaging you too o Oga Mi
Re: The Pros And Cons Of Making Money On Fiverr by spacyzuma(m): 3:24pm On Jul 27, 2017
Brilliant!

Thanks for sharing this. I have never heard of this Fiverr until today, but now I'm really interested.
Re: The Pros And Cons Of Making Money On Fiverr by Fingerprinter(m): 3:26pm On Jul 27, 2017
I keep telling people that there is money on the Internet. But they won't hear. Guys, leave teenage girls alone in romance section and check out nairaland business section. The Internet is making young millionaires there. In fact, if you are a jobless guy on nairaland and the section you visit most is romance, then you need to have your head checked.
Fiverr pays, and I am a living witness. But no one would teach you all you need. You need to take the bull by the horn and learn on your own.
I opened my very first fiverr account in 2013, together with upwork (odesk as at that time), and freelancer. I bidded for some projects on freelancer and never got any. I didn't even know how to bid on fiverr neither did I know what gig meant then. I abandoned the fiverr account then as well as the other accounts.
By this time last year, I was in Kano for nysc, the sabon gari area that I stayed was incredibly more expensive than other parts of Kano. The 19k allawee was barely enough to feed me for 2 weeks and to also get me the drugs I was taking then as I was seriously sick then. That was when I started looking for alternative source of income.
Remember, I have always had interest in Internet biz, so I started looking for ways to revive my freelance accounts. I registered a domain name to try blogging but I soon lost interest. One day, I decided to visit nairaland business section, and it was there that I saw a fiverr thread teaching people how to make level 2 seller on fiverr in a month. I remembered that I once had a fiverr account that I didn't know how to operate. I read the 10 pages of the thread and decided to create a new account abandoning my former one. About 3 days after that, I got my first order, a $5 order. You need to see how I was jumping round the whole house that day. I even brought out my guitar and played some notes. Since that time, it has been from one level to another.
Guys, I want to say it again, there is money online. I don't even want to mention how much I have earned this month - because I know some people will doubt it.
P. S. I don't know the OP, I am just relaying my experience. Nobody should ask me to put him through, I am too busy to put anybody through. Go to business section. You will see fiverr threads there. Read the first 20 pages of those threads and take yourself out of recession.

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Re: The Pros And Cons Of Making Money On Fiverr by Rattle9: 3:29pm On Jul 27, 2017
... please message me on whatsapp for guidance and how i can purchase your e-book
Re: The Pros And Cons Of Making Money On Fiverr by bestspoke: 3:31pm On Jul 27, 2017
nice

That person that said Fiverr doesn't favour newbies. you're wrong.

You also mentioned Blogging, I say again you're on a long thing. I doubt you own a blog at all.

Yes upwork pays more than Fiverr. Both have pros and cons.

Learn the ropes Learn the ropes.
You need to master a skill.
Don't start unless you have done that.

To everyone reading this. Get up and visit the business section. Find the two big fiverr threads overthere.

Your life is about to change. You'll forget that banking job if you know your onions.

6 Likes 1 Share

Re: The Pros And Cons Of Making Money On Fiverr by wintersnow(m): 3:35pm On Jul 27, 2017
I design book covers on fivver .. I swear its so difficult to make one sale on fivver

3 Likes

Re: The Pros And Cons Of Making Money On Fiverr by charsobodo(m): 3:35pm On Jul 27, 2017
Its quite true money can be made on Fiverr but its not as Rossy and smooth sailing like the OP has painted it, Fiverr is a highly competitive market place, sometimes you can stay for weeks without making a single sale, except you're lucky to have some of your old clients come around.

I have an issue with articles like this, that paints a picture or a scenario that once you register on Fiverr then you're guaranteed to make money. There are thousands of account on Fiverr that have not made a dime.

If you want to sell your services on Fiverr, then you should be prepared to face the storm so that you don't get easily frustrated, the truth is that less than 40% of Fiverr sellers make it on the platform, so many other sellers get frustrated because of this kind of articles that turns out not to be true and easy in reality.

Even the OP himself knows that there are dry periods on Fiverr, we all experience it but determination and patience is what keeps every successful seller going on Fiverr.

Truly you can make money on Fiverr but it takes time, perseverance, lots of patience and determination to make it. I wish aspiring sellers on Fiverr all the best.

14 Likes 1 Share

Re: The Pros And Cons Of Making Money On Fiverr by gurunlocker: 3:35pm On Jul 27, 2017
I see your topic has been frequent on FP for some days, sure it's a paid post. Just make sure you tell your potential students to have a skill before starting. Saying this because I know how most Nigerians think, they might go ahead and open an account without a skill just because they see you earn 6 million in 2 years. I am sure you know the consequences of that?

8 Likes

Re: The Pros And Cons Of Making Money On Fiverr by codemaniacs: 3:36pm On Jul 27, 2017
kk

10 Likes 1 Share

Re: The Pros And Cons Of Making Money On Fiverr by folak48: 3:39pm On Jul 27, 2017
Dear op
I paid for the eBook since Monday and I m yet to receive it my e mail add is folak48@gmail. com. I paid through online transaction .
Re: The Pros And Cons Of Making Money On Fiverr by Jamiubond009(m): 3:40pm On Jul 27, 2017
08069603161. Pls send me a message via whatsapp. I could use ur professional guidance.
Re: The Pros And Cons Of Making Money On Fiverr by gmaribel(m): 3:40pm On Jul 27, 2017
Nice article.....
Re: The Pros And Cons Of Making Money On Fiverr by gmaribel(m): 3:42pm On Jul 27, 2017
wintersnow:
I design book covers on fivver .. I swear its so difficult to make one sale on fivver
Try something else.
Re: The Pros And Cons Of Making Money On Fiverr by iammolise(m): 3:48pm On Jul 27, 2017
How do one register or start up an account on fiverr?
Re: The Pros And Cons Of Making Money On Fiverr by Nedufreeman(m): 3:48pm On Jul 27, 2017
I got a question. How do you withdraw the money you got?

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