How You Can Make $7K a Month Taking Side Gigs on Fiverr
When it comes to making money online, sometimes it boils down to creating a gig rather than applying for one. Fiverr is an online marketplace that provides freelance services. Freelancers of all trades can earn money by posting their high-quality services to sell on Fiverr. These services commonly include graphic design, writing, editing, web development and more.
If you have a specific financial goal in mind when joining Fiverr, it might be helpful to model your journey after someone who has achieved it.
Mike Burton is a 37-year-old who made a very lucrative career writing original raps for businesses through Fiverr. On his success, Burton has said to CNBC, "Pay attention to what people seem to connect with." He later added, "With music and hip hop, it changes so much that you'll turn somebody off if you sound dated."
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Burton has been able to grow in his career and steadily increase his prices. He now charges around $65 per 30-second original verse and remains dedicated. "It's still what I'm doing in my breaks, in my spare time, on my weekends, it's never stopped," he said.
Still working for Fiverr, Burton makes $7,000 or more per month.
How To Make Money on Fiverr: Quick Tips
If you want to make money on Fiverr, the first step is to pick your area of focus. Maybe you are great at writing or graphic design. Whatever your skill or passion, lean into it. The services you offer could have many potential buyers.
How much money you make on Fiverr depends on your skill level, customer service and how many hours per week you invest in Fiverr gigs. When you get started on Fiverr consider if you'd like this to be a full-time job or a part-time side hustle.
To increase your exposure to potential buyers, you can market yourself on social media. You could even cross-promote on other platforms like Upwork or FlexJobs.
Unique Ways To Make Money on Fiverr
Just like Burton did, you can carve your own path on Fiverr. Though gig culture can be a saturated market, if you find your niche, there is no telling how much money you can make with your own small business. Such fields as writing or graphic design may be Fiverr's bread and butter, but that is not to say you cannot branch out.
Sometimes it helps to think outside the box. Here are some options to consider:
Design eBook covers
Start user testing
Do sponsored web research
Take pictures of landmarks in your area
Make video testimonials
Offer social media services
Teach your niche hobbies
Earning Potential on Fiverr
Your earning potential on Fiverr is truly dependent on you. Every dollar you make depends on what you bring to the table. Here are some factors that might impact your earnings:
The fees you charge
Your gig category
Your talent level
Any previous projects you've worked on
The volume of projects you currently have committed to
Your expertise in the field
Your availability
While a lot of your earning potential depends on you, it helps to know how much you could make on average. Here are some estimates of hourly earnings from common Fiverr gig categories:
Graphic Designer: Average hourly wage estimate can range from $25 to $100
Web Developer: Average hourly wage estimate can range from $50 to $250
Copywriter: Average hourly wage estimate can range from $40 to $90
Virtual Assistant: Average hourly wage estimate can range from $20 to $125
As with many jobs or even passion projects, your effort and skill set directly correlate with how you are compensated. Whether you are looking to earn a little extra money on the side, or have a specific financial goal of making $7,000 per month, all options are possible on Fiverr. To maximize your earning potential it makes sense to heed Burton's advice and "pay attention to what people seem to connect with."
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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