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Does Fiverr Make Profit?

Last updated on September 29, 2022 @ 12:19 am

Fiverr is an online platform that allows businesses to find and hire freelance services. It is a popular platform for businesses of all sizes to find quality services at an affordable price. However, some people question whether or not Fiverr is profitable.

There are a few different ways to make money on Fiverr. The first way is by offering services as a freelancer.

When someone hires you for a service, you will receive 80% of the total price of the gig. For example, if you are hired to do a logo design for $100, you will receive $80. The other 20% goes to Fiverr.

PRO TIP: Fiverr is a great platform for freelancers to sell their services, but it’s important to be aware that the company does take a 20% cut of all transactions. This means that you need to be aware of how much profit you’re actually making on each job. Otherwise, you could end up losing money overall.

The second way to make money on Fiverr is by becoming a buyer of gigs. When you buy a gig, you pay the full price of the gig upfront. For example, if you buy a logo design gig for $100, you will pay the freelancer $100 and they will keep the entire amount.

So, does Fiverr make profit? Yes, it does!

Fiverr takes 20% commission on all freelancer services sold on its platform. This means that for every $100 worth of services sold, Fiverr makes $20 in profit. In addition, Fiverr also makes money from buyers who purchase gigs.

Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.