Fiverr

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Fiverr
Fiverr Logo.png
Web address fiverr.com
Slogan Buy. Sell. Have fun.
Commercial? Yes
Type of site Online Marketplace
Registration Required
Available language(s) English
Owner Shai Wininger, Micha Kaufman
Launched February 2010
Alexa rank positive decrease 132 (April 2014)[1]
Current status Active

Fiverr is a global online marketplace offering tasks and services, referred to as 'gigs' beginning at a cost of $5 per job performed, from which it gets its name. The site is primarily used by freelancers who use Fiverr to offer a variety of different services, and by customers to buy those services. [2]

Currently, Fiverr lists more than three million services on the site that range between $5 and $500.[3]

About Fiverr[edit]

The site was founded by Micha Kaufman and Shai Wininger in 2009 with the aim of providing a platform for people to buy and sell a variety of small services typically offered by freelance contractors, such as writing, graphic design, and programming. Fiverr operates in more than 200 countries and brings in revenue by taking a 20% commission from each sale that is made through their platform. [4]

In January 2012, Fiverr launched Levels, a reputation-based promotion system. After sellers complete at least 10 transactions, they unlock advanced tools to offer add-on services and increase the value. Now, close to 50% of the services offered on Fiverr sell for more than $5.[5]

Fiverr's intention is to bring a marketplace where people can create a business out of their hobbies.[6]

The website was launched in February 2010 and by 2012 was hosting over 1.3 million gigs.[7] The website transaction volume has grown 600% since 2011. Additionally, Fiverr.com has been ranked among the top 200 most popular sites in the U.S. and top 200 in the world since the beginning of 2013.[3]

On May 3, 2012, Fiverr secured US$15 million in funding from Accel Partners and Bessemer Venture Partners, bringing the company's total funding to US$20 million.[2]

Function of Fiverr[edit]

Fiverr facilitates the buying and selling of "gigs" or micro-jobs online. More than 1.3 million services are available on the site that range from funny and quirky to business micro-services. For example, advertised services have included "to sing while holding a sign with your company logo" and "to receive travel tips for visiting Paris" in exchange for a fixed US$5 fee. The services on Fiverr have been fairly diverse with such items for sale as include celebrity impressions, marketing tips, and custom printed guitar picks.[8]

About Fiverr Levels System[edit]

In January 2012, Fiverr launched the Levels system. This feature enabled more sellers to earn additional sales using tools which were previously available to a selected group.[9]

Fiverr has three "Levels": Level 1; Level 2; and Top Rated Seller.[10]

Once sellers move up a level they gain the following sales tools:[10]

  • Gig Extras which enable sellers to add-on services to their gig at an additional cost (up to $100).
  • Multiples which enable buyers to order more than one gig at a time.

See also[edit]

References[edit]

  1. ^ "Fiverr.com Site Info". Alexa Internet. Retrieved 2014-04-01. 
  2. ^ a b Leena Rao (3 May 2012). "Task-Based Marketplace Fiverr Raises $15M From Accel And Bessemer". TechCrunch. Retrieved 2012-05-04. 
  3. ^ a b Robin Wauters (3 May 2012). "Fiverr helps get things done for as little as $5, raises $15m from Accel and Bessemer". The Next Web. Retrieved 2012-05-04. 
  4. ^ Fiverr Review – How To Make Money Online Using Your Knowledge And Skills, Branko Zecevic , April 17, 2013
  5. ^ Press Release (3 May 2012). "Fiverr Inks $15M". Private Equity Hub. Retrieved 2012-05-04. 
  6. ^ Eric Pfeiffer (3 April 2012). "How Fiverr.com is changing the creative economy $5 at a time". Yahoo News Blog. Retrieved 2012-03-04. 
  7. ^ Mary Pilon (16 March 2010). "What Will People Do for $5? Fiverr Lets You Find Out". Wall Street Journal. Retrieved 2011-04-10. 
  8. ^ Tim Donnelly (7 February 2012). "Giving ’em five". New York Post. Retrieved 2012-03-19. 
  9. ^ Brad Tuttle (13 January 2012). "Meet the Puppet Who Made $11,000 Last Year from Silly Online Videos". Time. Retrieved 2012-03-20. 
  10. ^ a b Jakk (12 January 2012). "Fiverr outs new Levels feature, aims to aid user buying decisions and reward sellers". technologyblogged. Retrieved 2012-03-19. 

External links[edit]