Fiverr – how much can you earn an hour on Fiverr?

www.nomoney.com.au

 


 

Fiverr is a site where you advertise what you are willing to do for $5. And there is a lot of good stuff on there!

As mentioned in my previous article, I initially thought this concept was a bit ridiculous and that there should be a minimum bid of twenty dollars (or the site should be called Tenner!), because how do you make money if you sell things for $5?

 

How do you make money if you sell things for $5?

When you take out Fiverr’s fee, it is actually $4 that you make from each task you sell (Fiverr calls them ‘gigs’).

 

How do you make money if you only get $4?

It depends on what you are selling. For now, I want to look at a gig where the seller actually has to do something (rather than sell a product, which might not require extra work from the seller).

 

Get good and get quick

If you do something a lot, you get good (and quick!) at it. Say your skill is recording a 1 minute video with a puppet – I suspect it would take me (the average punter) an hour to setup the video camera, write the script etc. Who knows, maybe after doing 100 videos you have perfected the art so that you can record a video in 10 minutes (maybe even 5 minutes or less if you use a similar script).

 

Batch processing

Obviously a lot of Fiverr sellers would batch process (ie. do a bunch of orders at the one time).

For example, someone who takes a photo of them self holding a sign displaying your design, would probably do 10 in a row (assuming they had 10 gigs to do).

 

How much could someone earn per hour?

I have worked out below the hourly rate based on how long it would take you to complete a task (or gig). Obviously the rate per hour depends on you having a full hour of work to do (which is the key thing people forget). Working out what you would make over a day or a week is probably a better indication (and then work backwards to hours actually worked). If you did 20 tasks x $4 = $80 and spent 4 hours completing the tasks then you are really making $20 an hour (which is probably a good result).

 

I think you could earn $4/hour (if you did one task) or up to $30/hour (if you had add-ons or could do the job in just under 10 minutes).

 

Time taken – product

There are products like an ebook that sell for $5. After purchasing the product you would receive an email with a link to the ebook. If the process is automated (ie. not requiring any time for the seller), it is hard to work out an hourly rate. For example, if you write an ebook which takes you 40 hours to create and 10 people buy it a week (or 400 in a year) would you say your hourly rate is 400 total sales/40 hours = $10/hour?

 

Actual time taken – emails, monitoring Fiverr profile etc.

Besides the actual doing of the task (or gig), there is additional time required to check your email for gigs, provide customer service (such as answering questions or dealing with complaints) etc.

 

Fiverr rate per hour

I have included the $4 job cost (which is $5 less Fiverr’s $1 fee), a $5 job cost and a $7.5 job cost (if you had extras in your gig which some people would take up).

 

I think you would want to be able to do 4 tasks an hour to make it worth your while (unless you are using Fiverr to promote your business or for another reason).

Fiverr.com hourly rate

Job income

 

$4.00

$4.50

$5.00

$7.50

$10.00

Minutes

Tasks

Hourly

Hourly

Hourly

Hourly

Hourly

taken

p/hr

rate

rate

rate

rate

rate

60

1

4

4.5

5

7.5

10

40

1.5

6

6.75

7.5

11.25

15

30

2

8

9

10

15

20

25

2.4

9.6

10.8

12

18

24

20

3

12

13.5

15

22.5

30

15

4

16

18

20

30

40

10

6

24

27

30

45

60

8

7.5

30

33.75

37.5

56.25

75

6

10

40

45

50

75

100

5

12

48

54

60

90

120

3

20

80

90

100

150

200

 

Is it worth it?

Well, I suppose it depends on how fast you can do your gig and whether you could get paid more elsewhere. But for someone who is quick at what they do and is looking for a bit of income on the side, it could work quite well.

 

Some examples

Writing your bio – I saw a girl who asked for career information and then would write a half page of information about you for $5. Given her experience and using previous examples of what she has done, I’m sure she could write the bio very quickly.

 

Planning a career on Fiverr?

See http://fiverr.com/levels for the extra features you can get if you want to make a career on Fiverr!

Posted in Business, Making Money, Work

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