How does Fiverr make money?

by garret_hahn , in category: Personal Finance , a year ago

How does Fiverr make money?

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1 answer

by vincenzo.murazik , a year ago


Fiverr is a platform that earns revenue through various sources. Here are a few ways Fiverr makes money:

  1. Service fees: Fiverr charges a service fee to sellers for each transaction made on the platform. This fee is usually a percentage of the total order value, ranging from 5% to 20%, depending on the value of the order.
  2. Gig upgrades: Sellers can offer additional services or options as upgrades to their basic gig, such as extra fast delivery or additional revisions. Fiverr charges a fee for these gig upgrades.
  3. Featured gigs: Fiverr offers a featured gigs program where sellers can pay to have their gig appear prominently on the platform's homepage, category pages, or search results. Sellers pay for increased visibility, which can help attract more buyers.
  4. Fiverr Pro: Fiverr has a premium segment called Fiverr Pro, where highly skilled and vetted freelancers offer their services. Fiverr charges higher fees for Pro services, both from buyers and sellers, as it provides an extra level of trust and quality assurance.
  5. Fiverr Learn and Fiverr Studios: Fiverr Learn offers various online courses and training programs to help freelancers enhance their skills. Fiverr Studios, on the other hand, provides collaboration options for freelancers to work together on larger projects. Both of these services generate revenue for Fiverr through course fees or project collaboration fees.
  6. Fiverr Business: Fiverr Business is a subscription-based service that provides companies and teams with tools and features to manage freelancers and projects. Fiverr earns revenue from subscription fees charged to businesses using this service.
  7. Data analysis and insights: Fiverr gathers and analyzes data about freelancers, gigs, and buyer behavior on their platform. They use this data to offer insights and recommendations to sellers and buyers, and in some cases, charge additional fees for access to these data-driven insights.

It's important to note that fees and revenue models on Fiverr may evolve over time, as the platform constantly adapts to market demands and introduces new features and services.