If you’re like me, you have one gig that makes 50% of your earnings. Your #1 gig. That’s the gig I want you to focus on because it takes less time to change the prices there than in all your gigs.
- If you have 3-6 orders in your queue, that’s the time to raise your prices. If you’re selling for $5, try $10, even $20. For packages I recommend multiples of $5 vs. huge jumps.
$5, $10, $15 is more attractive than $5, $50, $100.
Price low during your slow days, price high during busy days. If you know Friday’s are your worst day, that’s the day to lower your prices. The only exception is when your queue is busy. People are more likely to buy when they see a queue.
Experiment with your one-day delivery fee. If you charge $10 to do X, you might charge $10 to deliver in 24-hours. Why not charge $5? Or raise your gig price to $20 and charge $10?
If you’ve recently raised your prices and a buyer is messaging you. Send a custom offer for less than your gig prices and tell him how much money he’s saving. If he rejects your offer, just ignore him.
If you have zero reviews, your goal needs to be getting orders, not making a lot of money. Gigs priced at $100, $200, $300 look ridiculous when they have zero reviews.
Just because there are rich buyers on Fiverr doesn’t mean they’re going to pay high prices. Nobody gets rich by wasting money, and very few people are going to give $100 to an unproven seller.
Document everything on Excel.
Gross Sale, Fiverr’s Comission, Net Sale.
Daily income, monthly income, yearly income.
Tips, and refunds. IT should look something like this.
Remember to make charts for Monthly earnings, and monthly cancellations.