If you know how Fiverr works, you know that it is a great way to make some extra cash as a freelancer. Well, you know how it works, you do certain tasks and you earn five dollars.
Now, five dollars isn’t much but when you let it stack up and accumulate you can make some nice side profits aside from the money you make on your day job. But then you hear about guys and girls in Fiverr who make six figures each year via Fiverr.
If you do the math, yeah, that could be possible. But it takes a ridiculous amount of work before you can even get to that much money. So, how did these people do it? Well, the secret is by reselling Fiverr gigs.
That is contracting a team of Fiverr workers to complete a huge contracted job. You get paid more and you just pay the Fiverr guys what their asking fee was from the start – five dollars.
The secret is not to work alone.
It has been done before – people have earned $5,000 each month on average from reselling Fiverr gigs. The secret is to hire your team of freelancers from this site.
Getting Featured on the Front Page
Now, the guys and girls who get gigs in Fiverr and make a lot of good money are usually featured in the site’s first page. It’s like a Google search engine result. You land on the first few pages of the workers displayed and you get the gig most of the time.
If the orders start piling up and you are no longer able to keep up with your commitments then you should expect cancellations to come along the way.
So, how do you keep up?
You should leverage on Fiverr earnings and sales.
However, it is a blessing to be featured on the first page and you just have to be picky with the orders that you take on.
You can say that it is a blessing from the Fiverr team although it is more likely that getting featured is due to the site’s algorithm. And Fiverr has been tight lipped about that from day 1.
A lot of the top sellers in any category or even any sub category in Fiverr usually have around 30 gigs (give or take a few) queued each week. Now that is a lot of gigs.
One way to get around that is to set a limit to the number of gigs that you make. However, doing that takes you off the list, which can be a bad thing.
Other than setting a limit, your other options include reselling Fiverr gigs – and this is how you can do that.
Reselling the Gigs
The good news is that there is no limit to the number of gig orders that you can get in Fiverr. The only important thing is that you are able to keep up with the demand and do not fall behind schedule.
Most freelance sites like Fiverr cut 20% from the sales made by freelancer workers. And that is the money making loophole that you can exploit right there.
The trick is when your orders start piling up, you grab other workers from other freelancing sites and outsource the job orders to them at a smaller price.
So, let’s say that we have 30 gigs queued. However, you can only work on 10 gigs a week – that’s your maximum. After finishing 10 gigs you become almost brain dead or something.
So, what do you do?
You keep all the orders but be picky about the ones that you will work on. After that, you go to another freelancer site – like UpWork or something. This time you’re not there as a worker but as a buyer – you’re the one who is going to pay for the service.
There you will find freelancers who will bid and work on the 20 other orderst that you can’t do yourself. This is the reselling of Fiverr gigs part.
So let’s say a job you get from Fiverr will pay $30 and if you do the math, you will see that Fiverr will have a cut on your work, which is around $6. That means you have $24 of a budget to work with.
Now, go to UpWork or some other freelancing site, and post the project there. Find a freelance worker who will be willing to make $20, which means you will be taking a $4 profit from that job alone. You get $4 for being the middleman. There are freelancers who leverage on this loophole and thus make a lot of money.
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Build Your Freelancer Team
Your next step is to build a small team of freelancers. Yes, it will be a bit difficult to keep track of freelancers that work for you. But hey, it takes a bit of creativity to get things on track.
You should take note of the freelance workers that did a good job. And You should also take special note of people who are able to turn in their work on time.
You should check for both quality of output and also the timeliness of their output. If you are a freelancer yourself you know the value of having a steady stream of gigs. That is basically how you get your bills paid.
That is why when you find a good freelancer then you should maintain contact with that person and hire him or her for future projects.
Other Options Other Than UpWork
The competition in UpWork can go up to toxic levels. So, finding a good freelancer and sending a steady stream of job orders will convert that professional into a loyal worker.
Of course there are other freelancing sites where you can outsource your jobs to. Options include PeoplePerHour, Freelancer, Guru, TopTal, iWriter (for article writing and other writing projects), 99designs (for graphic design and others), and others more.