3 Tips to Make more money on Fiverr

There are many ways to make more money on Fiverr. This post shares 3 tips you can start immediately. The idea is to work smarter not harder so keep that in mind as you read the tips. You want to be a Top Rated Seller like me, follow my tips!

1. Raise your Gig prices
2. Lower your Gig prices
3. Be competitive

Raise your gig prices

Did you know that you can earn more money on Fiverr by simply raising your gig prices. I was talking to my wife about this yesterday. Months ago, I raised my prices and the first month I did that, I netted over $2,400. In my recent conversation I said, honey I can actually earn more money on Fiverr by working less. If I proofread and edit 2 dissertations per week let’s say at $500 each, I can essentially earn $800 per week. That $800 is after Fiverr’s 20% fee. And with a little simple math, $800 x 4 (weeks) = $3200. That would be a total of 8 gigs per month assuming those dissertations are $500 dissertation gigs. To get to 6 figure status in a month, that’s 280 dissertations at $500 each, not easy but doable!

Try lowering your gig prices

Conversely, you can earn more money on Fiverr by lowering your gig prices. This is basically the exact opposite of working less and earning more. This step ‘lowering your gig prices’ helps you with tip 3, ‘be competitive’. The goal here is let’s say you are competing with a proofreader who professionally proofreads 20,000 word dissertations for $500 with 4 day delivery. You can simply say you will do it for any amount lower than $500 and offer a quicker turnaround time like 2 day delivery. If you truly want to be competitive you can do both, offer a gig at less than $500 words for 20,000 word dissertations and offer faster delivery. 

Be competitive

You can be competitive on Fiverr in many ways. You can even offer customers incentives for being a return customer. Some customers purchase gigs without ever interacting with you or sending a message. They place an order, you complete it and you don’t hear anything, not even a review. You can send these customers a message like: if you return, send me a message first for a discount. This will help you establish a line of communication, build a relationship, and also create a repeat customer. Also, try, ‘if you refer someone, I will give you $10 off your next order.’ Again, people wait for these discounts. I had a customer I gave a quote to several weeks ago. They returned this week because Fiverr was offering a 20% off your order coupon. 

Adjust your prices

You can adjust your prices, there is nothing wrong with raising or lowering as you see fit. Try it out, take notes on what happened when you raised prices and lowered prices. If you apply the lowering your price, offering faster delivery, you are certainly being competitive. However, my word of caution is make sure you can maintain the level of productivity, especially once the volume of your orders increases. Bonus Tip: If your orders rapidly begin picking up and you are cutting it close on your ability to deliver in less time, raise your prices to slow your orders down.

On that note, I want to talk about raising your prices again, sorry to go back and forth but sometimes it’s good to do that. When you raise your Fiverr gig prices, you create a situation where you will get targeted traffic and serious inquiries. You will know exactly what I am talking about if your gig says you will edit 1000 words for $30, and people start messaging you requesting you edit 2,500 words for $5. 

Recap of the 3 tips

1. Raise your Gig prices
2. Lower your Gig prices
3. Be competitive

Make sure you make observations and take notes on the results of trying these out. In closing, give these 3 tips a try to make more money on Fiverr. I look forward to hearing your success stories.

Other Helpful Resources

How to make money freelancing on Fiverr

Fiverr reviews from a freelancer on Fiverr