Someone told me a while ago that gigs only disappear from the search when you modify descriptions-- not prices. I don’t know how accurate this is, though.
As for pricing, take your $5 price outside, shoot it, and bury it in a shallow grave. I can not stress just how abysmal the offerings are of most people who sell at $5 and even $5 to $30.
I discovered this to my detriment with my crypto writing gig, Initially, I priced it at $15 and I was one of the first crypto writers. Shortly afterward, I noticed some people reselling my gig for $70. They ordered from me whenever they got an order and made $55 profit. Then came a flood of new sellers charging starting prices averaging $30.
I bought some gigs from other sellers. I was also able to be nosy and read content other sellers were providing to some of my buyers who were shopping around. EVERYTHING was universally awful.
I have even read whitepapers written by sellers who charge $400+ a pop that read like someone with learning difficulties and a bad lisp trying to explain what Bitcoin is while choking on a hard boiled egg.
Naturally, this leads you to wonder how on Earth these sellers stay in business? However, the simple fact is that a lot of buyers looking for cryptocurrency content don’t know a thing about the space. Sometimes they are re-sellers. Many aren’t proficient in English. Others are people with no crypto knowledge trying to cash-in on crypto affiliate marketing opportunities, by creating a crypto blog.
When these people buy content, they scan articles for buzz words they are familiar with like ‘decentralization’ and ‘blockchain.’ If they see them, they assume the content they take delivery of is fantastic.
Literally, the only way these people determine the quality of a seller is by looking at pricing. When this is the case, lower prices imply that a seller isn’t confident enough in their ability. By comparison. higher prices imply that a seller is oozing with confidence.
Crypto is an extreme case. However, the same rule generally applies across Fiverr. People’s perceptions of quality are determined by price. This is also a lesson you need to learn sooner rather than later.
You can accrue 100 reviews working for $5. In your mind, you will then convince yourself that you now deserve to charge $10. However, by this time, you have will convinced 100+ people that the quality you deliver is standard for $5. In this case, when they see you double prices to $10, they won’t think "well, that’s fair, I’ve been getting a bargain all along." Instead, many will feel like they are being ripped off because they are paying more, but not getting any more than they did before.
As an example, an old buyer sent me a custom order request yesterday. For $30, they wanted me to write 6 x 500-word articles. I thought it was a joke. However, then I saw that the buyer had last ordered from me in 2016. Back then, I did still charge $5 per article.
Politely, I said that I was sorry, but they should maybe look for another seller. My prices have increased quite a lot and there was no way I could work for $30. To my surprise, the buyer said it was okay. They loved my work last time and wanted more. In this case, I sent an offer for $120.
Sadly, this buyer had only been expecting me to quote them $35 or $40. (They hadn’t looked at my current prices.) This resulted in them making a few borderline nasty remarks and we went our separate ways. The problem in this case, was exactly as I stated above. Buyers like this simply can’t reconcile themselves with the fact that what they got for $5 last time, they got as a bargain.
Remember too, that a lot of budget buyers assume that you do what you do as a hobby or because Fiverr makes you start at $5, or because you are someone from a poor country who can remodel your house with a few precious American dollars.
In short, when you start selling at $5, you will lose most of your regulars the second you increase prices to $10. This will happen again when you go to $15, then again when you go to $20.
Every time this happens, you will get fewer orders. This will send your gig position falling because Fiverr likes to see gigs making regular sales. If your gigs don’t, they will put someone in your place who will.
By comparison, when you get over the $20 mark, people don’t seem to care as much when you add $5 to your prices.
If you do not rely on freelancing to make a living, I’d say go straight to $20 or $25 asap. You have 38 awesome reviews and you won’t have core regulars yet. In this case, everyone will assume that you have always charged $20 to $25. At the same time, create some sleeker gig visuals and upgrade your profile pic. - Sorry, but it puts me off.
You might lose sales. However, all you do then is find ways to showcase the quality of what you do and experiment with creating new gigs. You are allowed 7. Go crazy.
If I could go back in time to my first year or two on Fiverr, this is the advice I would give myself. Either that or I’d pistol whip myself and push myself off a high-rise building as punishment for all the time wasted pursuing the "I’ll sell at $5 to build reviews" Fiverr seller strategy.
I can also say sincerely that I would not do it all again. This meaning that if I could go back in time to when I first found Fiverr, I wouldn’t even sign up. The years spent building up reviews with the idea of eventually charging a reasonable rate for my services were definitely years wasted.
Knowing what I know now, I would start selling straight away at $25 or $30. However, it would be a case of go high or go home.