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What Is the Fiverr Business Model?

Last updated on September 29, 2022 @ 12:00 am

Fiverr is an online marketplace that allows businesses and individuals to connect with freelance services providers. Businesses and individuals can use Fiverr to find services such as graphic design, web development, video editing, and more. Fiverr takes a commission from each transaction.

The Fiverr business model is based on a simple idea: connecting people who need things done with people who can do them.

PRO TIP: The Fiverr business model has been known to be a bit of a scam. There have been reports of people not getting paid for their work, or being paid very little. Be sure to do your research before signing up for any work with Fiverr.

Fiverr makes money by taking a commission from each transaction. When a buyer purchases a gig, they pay Fiverr a commission of 20%.

Similarly, when a seller completes a gig, they pay Fiverr a commission of 10%. This allows Fiverr to make money while still providing a valuable service to both buyers and sellers.

Fiverr is a great option for businesses and individuals who are looking for quality freelance services at an affordable price. The platform is easy to use and offers a wide range of services. With its low transaction fees, Fiverr is a great way to save money on your business needs.

Dale Leydon

Dale Leydon

Sysadmin turned Javascript developer. Owner of 20+ apps graveyard, and a couple of successful ones.