So you are here on Fiverr, and want to make a decent income or side income as a seller but you feel discouraged when you start and look at the offer price in buyer requests sections…I certainly do not know about how do you feel but I feel very discouraged. Buyers often post a request with a tick-list and what do they offer- 5 dollars or 10 dollars for a task that may take at-least one-two hours regardless of your efficiency level. I am talking from my experience in the academic writing niche but I assume similar scenario in other niches. If you are like me who feel frustrated after seeing that cut-throat competition, this post is for you.
As a new seller participate in price war.
If you are a new seller, let me tell you that Fiverr is an awesome online marketplace. You only need to showcase your talent and you will make decent bucks. Your time is valued well. As a new seller you might not be in a position to demand your desired price. It is a free world, buyers judge you from your work and the feedback that you have received. If you don’t have any, please go ahead and enjoy price-war. You may start with offering even less than the quoted price in order to have a window to showcase your talent and receive the feedback. We all have seen that new stores often give people a discount. Your profile is your store, you should launch yourself right.
Be a part of price war but offer your services, not the peace of your mind (not even as a new seller).
This is the most important advice that I can give to the starting sellers. Offer a lower price but please do not down sell. You will experience as a seller that most low paying buyers do not respect your time; they will keep on throwing conditions and multiple revisions. They often do not know what they want exactly and that is the only reason they offer such lower prices (devaluing the services). Be clear in your communication and accept the work only when you know the buyer’s expectations right.
Please do not become a victim of bad review threats.
You will come across threats from your buyers that you do multiple revisions/refund the money otherwise they will give you a negative rating. Please do not accept such requests. If you have done your work properly, you should stand by yourself in a polite way. There is Fiverr support for a reason and support team is very understanding.
So this price war is a part of new sellers’ survival strategy. If you are at least a level 2 seller, my recommendations are as follows:
Start Up-selling your services but provide high quality work.
So after you have earned good number of appreciating feedback, you should start up-selling your services. Believe me there are enough buyers who are looking for quality work and more than willing to pay for it. I can give my own example. When I started as a new seller, I started offering 500 words write-up for $5. I could not recall now if I went below that price at some point of time. I was doing it as a part time job and was not concerned about the revenues much. So when I earned some feedback and start paying attention to what other sellers are offering, I went on up-selling my prices. I started offering 500 words for $20, that too for the basic write up. I generally charge even double for the more demanding jobs and I am still doing it as a part time job. So you can even charge 10x of your original offer price only after five months from starting. Believe me that you have to provide quality work but it is not so exhausting, if you are being paid appropriately. One noticeable thing is that you will feel change in the attitude of buyers when you up-sell. They will appreciate your work and will even leave you very generous tips. Moreover, it is easier to focus on one order per day than accepting 10X orders for the same value.
Create a brand image of yours when you are up-selling your services.
As a seller, you should focus on creating a brand image. Every entrepreneur does so. You have to provide quality service along with excellent customer care services. I have even worked round the clock for one day when the work was really urgent and detailed. Believe me that buyer will notice your hard work and you will even receive tips for your extra effort. I do not put extra efforts for the tip; I create the work that I like myself. There is one more important advice that you should not cancel your orders on the last day. Your buyers must be waiting for their product and their trust is broken when you cancel it on the last day. That is a complete no especially in the writing niche because buyers do also need to submit it. Be nice and polite with your buyers and even with your potential buyers.
I hope that these tips will help you in the long run and you will achieve great success level. What is your survival or success strategy as a seller? Please share what works for you in the comments section.