What Fiverr is and How it Works
What is Fiverr?
Fiverr is a global marketplace that connects and brings together businesses and freelancers who offer digital services. It is a platform where people from all over the world come to buy and/or sell services of varying kinds. The platform bears Fiverr because the least service that can be requested or offered is pegged at $5.
Services requested and offered thereon run into their hundreds, including niches such as graphics designing, copywriting, film editing, content creation, web programming, and a host of others. So, whether you are a need of an SEO expert that can boost Google website rankings or translators that can professionally translate documents, to illustrators for magazines, amongst others, you can get all the talents needed on Fiverr.
The platform gives freelancers equal opportunities to showcase their talents to the world and earn money doing so. Business owners or individuals, on the other hand, can get their digital needs serviced and fulfilled by top talents from anywhere across the globe at much cheaper costs.
Common Terms on Fiverr
There are some specific terms frequently thrown around on the platform which bears a little bit of difference in contextual usage meaning, compared to ordinary parlance. These terms include:
- Gig: This refers to the services offered by freelancers (or sellers)
- Sellers: This is a Fiverr user who offers his digital services for sale to businesses, individuals, through his gigs
- Buyer: This refers to a registered user who purchases the services (gigs) of freelancers on the platform
- Order: Just like its usage in normal parlance, the term refers to the process of engaging (or seeking to engage) the service(s) of a seller.
How Fiverr Works
Fiverr operates a two-way communication platform where service buyers and sellers can assess and access each other. It allows buyers to see different sellers’ profiles while they find the right person for their projects. Just as well, sellers get to go through calls for proposals and bids on projects which are made by buyers (buyer requests).
Once buyers and sellers agree to work together, an order of the seller’s service is placed by the buyer with specifics such as project duration, goal, and price agreed upon. The seller starts working on the project and once completed, sends the same to the buyer who checks the delivery and marks it as completed if satisfied with the quality. Payment is released to the buyer after a period.
It must be pointed out that the whole transaction described above, comes at a price. Fiverr charges buyers’ a processing fee based on the worth of purchased order, while sellers’ are hit with a standard service fee of 20% deducted from each project’s worth.
Reviews are also an essential part of the Fiverr platforms. Both buyers and sellers are opportune to each leave comments about their experiences while working together. A favourable review goes a long way in helping each party in their subsequent dealings with others.
In all, Fiverr is a fantastic platform to get things done and earn some income. It’s expanded its reach since its inception and has grown to become one of the best freelance marketplaces globally. What has been your experience using the Fiverr? Leave a comment in the section below.
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