Fiverr is among the best online market places that bring sellers and buyers together to do business. It is the largest online marketplace that offers services for $5. As a seller, I find Fiverr to be arguably the best place anyone can sell his or her services. No matter what you are offering you will get someone interested in using the service for 5 dollars. As a seller, the following are some of the pros and cons of using Fiverr:
Clean and clear website design
The Fiverr website is designed in such a way that anyone can use it. Whether you are an experienced internet user or a newbie you can easily navigate from one page to another and sell your service. The instructions on how to upload information about the service you are offering are clear and the website has no glitches. You will not have a problem checking out the website or uploading your services.
Clear and easy to understand concept
The selling procedure is easy to understand. No matter what service you want to offer, you will easily find the steps on how to upload the information or even pictures to demonstrate what you are offering. On top of that, it is secure and you can easily make a sell depending on the type of service you are offering.
Active and fun community
The Fiverr community is very big and it cuts across a number of platforms including social media platforms. On top of that, the community is very interactive. You get to chat with other sellers and buyers on different things including, the services offered, what they expect and their take on Fiverr as an online market place. In case, you have a problem selling your services you can always ask for help from experienced sellers and eventually make a sell.
You make money doing something you love
The good thing about Fiverr is that you can sell something (service) you love doing. For instance, if you love singing, you can offer to sing a lullaby or a happy birthday song for someone at a cost. If you love drawing you can draw something funny with initials on and sell it.
As a seller, I cannot say that Fiverr has no shortcomings. Here are some Fiverr cons:
You share revenue
This is by far the biggest disadvantage of this online marketplace. 20% revenue is shared between you and Fiverr. This is a big fee noting that other websites offer their services at lesser fee.
Limited ways to get paid
Fiverr relies on PayPal as their mode of payment and transactions. This means that if you do not have a PayPal account you cannot get paid.
14 day hold time on funds
Once you have sold your services, you will have to wait for 14 days to elapse before you can withdraw your funds. This is very discouraging as you need to get the funds fast and do something else with the money.