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Buy. Sell. Have Fun.

  1. Description

Full Description

Fiverr (ˈfī-vər), stylized as fiverr, is a global marketplace offering tasks and services online starting at $5.[2]

Entrepreneurs and freelancers can use Fiverr® to monetize their skills, talents and resources. Customers in need of services can find and commission that service directly through the site.[3]

Currently, Fiverr lists more than 750,000 services on the site that range between $5 and $150. [4]

About Fiverr

The website was founded by Internet entrepreneurs Micha Kaufman and Shai Wininger. Fiverr is based on the idea that 9 to 5 is not the obvious work structure for everyone. In a world where working with freelancers, outsourcing projects and working off-site is sought after, people are looking for new ways to achieve financial independence on their own terms.[5]

Today, Fiverr hosts micro-entrepreneurs in more than 200 countries, Fiverr provides a living marketplace where people can monetize their skills, talents and resources in an easy and fun way. Gigs offered on the site range from web design, logo creation and market research, to personal greetings, video animation and personalized gifts. [6]

Fiverr provides all the tools necessary for sellers to engage, build and grow their customer base, including efficient systems for collecting payment, promoting services, managing orders, exchanging files and communicating with buyers. Making it easier for people to start selling their services without the need for startup capital, physical location, client acquisition and payment infrastructure.[7]

In January 2012, Fiverr launched Levels, a reputation-based promotion system to help micro-entrepreneurs build their business and earn more revenue. After sellers successfully complete at least 10 transactions, they unlock advanced up-selling tools to offer Gig extras and charge more for their services. Now more than 30 percent of Fiverr transactions are greater than the site’s starting price of $5.[7]

In an interview with Yahoo!, Kaufman states, “The grand vision of Fiverr is really to create a marketplace where people can start small but take this hobby and create a business out of it…similar to the revolution that eBay brought to products.”[8]

The website was launched February 2010, hosting over 500,000 different gigs the following year.[5] Since the beginning of 2011, the site has grown 600% in transaction volume and is ranked among the top 100 most popular sites in the U.S. and top 200 in the world. [4]

May 3, 2012 Fiverr secured $15 million in funding from Accel Partners and Bessemer Venture Partners, bringing the company’s total funding to $20 million.[3]

How Fiverr Works

Fiverr facilitates the buying and selling of “gigs” or micro-jobs online. There are over 650,000 services available on the site that range from funny and quirky to business micro-services. Gigs on Fiverr include celebrity impressions, marketing tips, custom printed guitar picks.[9]

January 2012, Fiverr launched the Levels feature, a system which offers additional sales tools to more sellers.[10]

About Fiverr Levels

The Levels feature was introduced to the site on January 2012. This feature enables more sellers to earn additional sales tools that were previously available to a select group. There are three Fiverr Levels: Level 1, Level 2 and Top Rated Seller.[11]

When sellers move up a level they gain the following sales tools:[11]

  • Gig Extras which enable sellers to add-on services to their gig at an additional cost up to $20
  • Multiples which enable buyers to order more than 1 gig at a time from a single seller

More Features on Fiverr

Express: Highlights gigs delivered within 24 hours or less.

DamnQuickPay: A payment system that enables purchases without having to login to paypal for each gig purchase.

Collections: A new way to save, organize and share gigs on the site.

External links

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