Fiverr Forum

How long do you work for $5


#1

Hello,

How long do you work for $5 (that’s $4)? On average, how long does it seem reasonable to work for $4?

For example, I’m trying not to spend more than 20 minutes.

Daniel Holban,


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#2

for 5$ i work only 30 to 40 minutes.


#3

5 minutes.

Depending on your expertise and the level of learning you are taking


#4

Niiiice,
Can you tell me what type of services?


#5

Seo backlinks, what are your skills?
Work with your skills. That will help you a lot


#6

My skills: graphic and web design. Is not so easy to spend just 5 minutes.
For some orders, yes, i spend just 2-5 minutes


#7

Make your work like this.
1-100 orders gig is only $ 5

Once you get 100 positive reviews change your gigs to $ 100 per order (lowest price)

That’s what people in the forum warior do.
I have 9 years in im


#8

i have 1.200 orders, just positive rating :slight_smile:
But for two months everything has fallen. No orders come in, I do not know why, I did not change anything…


#9

My best advice would be to not think about an hourly rate at all.

Take your minimum monthly living costs. Rent, utilities, food etc. Round it do a ballpark figure like $1,000 (mines $700 because I’m super cheap). Now divide that figure into 30. This is how much money you need to make a day just to live. Now create gigs which you could sell 1 -3 of a day to cover what you need to make on a daily/monthly basis.

Of course, you shouldn’t just strive to only make enough to live. The way I do things though, is divide everything into blocks like this and then start the month determined to make enough money to cover my actual living costs asap. Everything after that then gets saved or used for small luxuries like wining and dining a beautiful woman or a drunk pub day.

By breaking even and saving as much as possible, you can then afford to take risks further down the line like increasing your gig prices. For me, I can risk 1-year making no money, the idea being that in that time I won’t sit thinking, “Oh no, I’m poor.” Instead, I’ll be finding ways to make money again.

It’s different for everyone but for me, hourly pricing simply doesn’t work freelancing. Think in blocks of money you need to make. Make that and then steadily start increasing block sizes and diversifying. Also, I now make more money than I used to at hourly rates and my personal finacial
savviness sees me have much more disposable income than anyone I know on an hourly rate.


#10

Combine those two together and win!

Incidentally, your advice on blocks of money and working out how much you need is absolutely spot on. I know on a daily basis exactly how much I need to make to pay the bills and meet my commitments. Anything over that gets invested, goes into an emergency budget, gets donated, or gets put away for retirement.


#11

I always get a tingle when you reply to my posts, Paul. Somehow, you have become an accidental role model for me.

I’m pleased that you agree with my way of strategizing. I actually think that a lot of freelancers simply don’t make it because they don’t plan the financial side of things. Either that or they can’t get to grips with the reality of not making a set amount of $$'s per hour.

When I started freelancing I made $20 a week. The thing was, I knew that I was starting from square one and I actually invested a lot of savings in order to get me through the first year. After that, I was making enough to save again.

To me, the most important thing is the buffer. I always plan for the worst. What is more, I find it staggering how most of my friends have $1,000 or less in savings, despite (as they see it) being in better jobs and having better perks. Freelancing is good like that, if you are serious about it, you make money even in low periods, simply by being frugal, sensible, and aware that you are the sum total of your own economy.


#12

Having a buffer is what makes me not panic and say yes to projects I wouldn’t otherwise touch with a ten-foot pole during dry spells.


#13

Oh dear… I don’t think I can handle the responsibility…


#14

Don’t worry. It’s the hat, your level-headedness, and professional portfolio. They’re the three things I strive to achieve myself. All you need to do is put your feet up, have a cuppa, and wait for me to say job done.

Max Keiser is my other role model. I’ve just never felt comfortable with the idea of reaching out on Twitter and saying that.


#15

sometimes 5-6 hrs
and i really dont like to work for 5-6 hrs for $5,though i have to


#16

whaaaat? 5 hours? what type of GIG?


#17

No, you really don’t. 5-6 HOURS just to earn $5?!!! That’s ridiculous.

I could easily make at least $600 in 5-6 hours.

You really need to reassess what your time, talents, and skills are worth. Right now, that work that you are doing has almost no value at all. Many sellers use the concept of about 15 minutes being fair work for $5. If you’re working up to six hours on a project, this breakdown means that you should be making at least $300 on a project like that.

I encourage you to set better prices. You’re not going to make a living on 6 hours of work for only $5. I think even the standard of living in some 3rd world countries is better then this!


#18

How? what type of GIG?


#19

Oh, come on. That’s the first thing you ask? No, I’m not going to tell you where “the easy money” is – because there is no easy money on Fiverr. :roll_eyes:

Figure out what your skills are worth, and charge prices to match. If you are skilled in what you do you, then you can charge higher prices, and your customers will be more willing to purchase your services at that level. Quality is rarely ever “cheap”.


#20

If it takes more than 30-60 minutes then it’s not worth it.