How to Get Started with Cryptocurrency?

If you are new to cryptocurrencies and want to invest in cryptocurrency then you are at the right place. In this guide, we will tell you how does cryptocurrency trading works, what are cryptocurrency wallets and what are cryptocurrency exchanges. After reading this guide, you will have enough information to get started with cryptocurrency. If you don’t have any idea of cryptocurrencies then make sure to read our “What is Cryptocurrency for Dummies” guide where we explained the Cryptocurrency in simple words.

How does Cryptocurrency Trading Work?

Cryptocurrency trading is similar to normal trading in many aspects but there are also other aspects where cryptocurrency trading is completely different from conventional trading. In this section, we will explain how cryptocurrency trading works and how you can effectively manage your coins to get the maximum profits.

Cryptocurrencies are highly volatile, they have the ability to make your thousands of dollars profit within a few hours but you can also lose more than half of your investment’s value in hours. So if you want to have the good profits then you need to understand the basic factors which affect the value of cryptocurrencies.

Following are the two main factors which affect the overall value of cryptocurrencies.

  • Supply & Demand, if there is the demand for particular cryptocurrency in the market, its price will increase. Similarly, if the demand of a particular cryptocurrency isn’t high then its value will go down.
  • Market News is a 2nd most important factor. As cryptocurrencies are highly volatile so the investors have very little trust and they don’t want to lose in their investment so whenever there is any major news against any particular cryptocurrency, the investors of that particular usually sell that cryptocurrency which results in sudden overflow of cryptocurrency in the market and as a result its value decreases.

So the question is how you can effectively manage your cryptocurrency so that you could earn good profits. The only way is that you should get the hands-on experience of different cryptocurrencies. Start with analyzing the value charts of different cryptocurrencies which will help you to understand the different trends of particular cryptocurrencies.

You can also take the services of professionals or alternatively you can join the public forums where you can read the analysis of different experts to find the most suitable cryptocurrency.

Exchanges

Like regular fiat currencies, cryptocurrencies also have online exchanges from where you can buy the cryptocurrencies. Unlike regular exchanges, cryptocurrency exchanges work 24/7 and you can easily buy and sell your cryptocurrencies. However, only a few cryptocurrencies allow you to buy the cryptocurrency directly with your fiat currency and normally you can buy the bitcoin first and then buy the other cryptocurrencies with the bitcoin.

We will also suggest you to only take the services of popular cryptocurrency exchanges like Coinbase, Bittrex, Binance, and Bitfinex etc. as they are regulated and trusted.

Creating accounts on these cryptocurrency exchanges are also very easy and you can verify your account by providing the personal credentials.

Wallets

When you buy the cryptocurrencies from the online exchange, make sure to transfer them to your cryptocurrency wallets as it will help you to make them secure. Cryptocurrency exchanges are prone to hacker attacks and you could lose your cryptocurrencies. There are different types of wallets available in the market which offer different unique features and security. Following are the main types of cryptocurrency wallets.

  • Desktop Wallets are the wallets which can be downloaded to your computer. Desktop wallets are usually one of the more secure wallets but they can be compromised as your computer is connected to the internet.
  • Mobile Wallets are mobile application based wallets. Mobile wallets are easy to use and you can take the wallet anywhere you want but mobile wallets can also be compromised.
  • Web Wallets are online wallets where you can store your cryptocurrencies. However, Web Wallets are secure as companies use state of the art security protocols to keep the wallets save but they are also prone to hacks and also phishing attempts.
  • Hardware wallet is physical wallets which comes with many security features which make them the most secure wallets. A good hardware wallet will cost you around $100 but it will guarantee the protection of your cryptocurrencies. If you want the best possible security without any compromise then hardware wallet is the one you should go for.
  • Paper wallets are also physical wallets where you write down the private key of your cryptocurrencies on a paper. However, paper wallets are difficult to manage and if someone gets access to a paper wallet, you could potentially lose all of your coins.

General Tips for Cryptocurrency Trading

Cryptocurrency Trading can be very profitable and very risky at the same time.

In this section, we will share some tips which we have learned over the years.

  • Don’t put all the eggs in one basket, this advice is very common yet very useful in trading. Cryptocurrency investment is ultra-high risk investment and if things don’t go according to your expectations, you could lose all your money. So only invest that money which you can afford to lose. Don’t put all of your savings in crypto investment.
  • Diversify your portfolio, it is a good practice to have diversity in your portfolio. If you are investing your money in cryptocurrency then make sure to invest the major part of your investment in more stable cryptocurrencies like Bitcoin, Litecoin, Ethereum and other stable coins.
  • Always do your own research, cryptocurrencies are highly volatile and their value constantly changes depending on the scenarios. So it is a good practice to do the research on a personal level before investing your money. If you are at any cryptocurrency forum, take a look at what people are saying and then make your own decision. As you start investing in different cryptocurrencies, you will learn to analyze the value pattern of different cryptocurrencies which will help you in the long term.
  • As you will get experience in crypto trading, you will notice the dips and bull runs in the value patterns of different cryptocurrencies. Bull runs are the period when the value of a cryptocurrency tremendously grow and dips are the period when the value of cryptocurrency correct itself. Buy the cryptocurrency during the dips as you will get the cryptocurrency at a good value and there is a good chance that you will earn good profit.

Conclusion

Cryptocurrencies are relatively still new and that is the main reason why they are so volatile but the experts say as the cryptocurrencies will get old, the volatility factor will also reduce to a great extent.

Let us know what you think about the future of cryptocurrencies in the comment section below.

Also, keep an eye on our website for upcoming useful guides.

What is Cryptocurrency for Dummies?

There has been a lot of news stories and information floating around about Bitcoin and other Cryptocurrencies. It has also led to a number of people thinking this is a great way of investing their money and as the hype shows they will get a massive return… So I thought I would look into it in a little more detail and will be sharing with you a number of blog posts around them. What I have learned and I will be sharing these details with you.

As this is the first post in a the series, lets explore what is Cryptocurrency for dummies.  As ever I try and keep my posts simple to ensure everyone can learn and potentially benefit from them. If there is anything you are not sure of, please leave a question in the comments and I will respond ASAP. Let’s get started… Continue reading “What is Cryptocurrency for Dummies?”

5 Proven Ways to Monetise Your Website

One of the key questions that is usually the first to get asked of any online entrepreneur is “how do I monetise my site?”.

A key reason why many people are looking to the internet is to find ways of earning money online and you will be surprised that the majority of the sites out there are utilising these methods to make money – whether it is passive income or selling their own products, these sites use the following strategies to great effect.

Regardless of whether you are looking to earn a little extra money or are targeting a high-income site, if you can utilise these 4 methods you will be well on your way of earning money through your website.

It is worth pointing out that some strategies are more passive (once set up could earn you money without a lot of work) than others and other techniques will require a lot of time and effort.

It is always worth choosing a monetisation strategy that fits in with you and your audience.

Let’s get into the 5 proven ways to monetise your website…

Affiliate Marketing

Affiliate Marketing is actually quite a simple premise, but I’ll admit it does take a minute to get your head around. If you would like to look at a complete guide, check out this post.Affiliate Marketing

Put simply, Affiliate Marketing is where you promote or recommend a product and if one of your readers goes on to buy said product, you will receive a commission. This is your reward for introducing that buyer to the seller.

This method happens more than you think, heard of Amazon? They are probably one of the biggest Affiliate Marketing Partners out there.  Commission rates doe vary, as Amazon’s rate is quite low. But you could find some commission rates out there for as much as 70%.

Easiest way to find out an affiliate program is to google “your niche + affiliate program”.

You will be surprised at the number that will come up. I run a website for my wife, she has a wedding business – as a way of increasing revenue to her business I added a number of products from Amazon to her site through Affiliate Marketing. Anyone who goes on the website and wants to look at gifts for bridesmaids, etc. and decides to follow the affiliate link through to the Amazon Marketplace and buys it, we will receive a thank you commission from Amazon.

If you are receiving a lot of traffic to your website and you keep the products that you promote relevant to your audience (Imagine if I started promoting expensive TVs on the wedding site because they are a high-ticket product – I would lose trust in the audience and it would appear like selling) then this could become a lucrative passive income.

Affiliate Marketing is a great way of earning extra income on a website, but if you would like to learn more, check out this post.

Sell Your Own Products

Some small businesses are missing a trick when it comes to their own products and it comes down to the fact they don’t know enough about website design to add their products to a website.

But it is still one of the safest ways to make money online. Add your products to your own website, your customers pay, and you ship the product.

Sell Your Own ProductsIt is a simple premise, but does require a lot of work and depending on how much stock you have you may need to consider storage space, etc.

This is why this method does require a lot of time and effort.

But can carry many rewards, if you are someone who regularly exhibits at fayres and customers tell you your products are great, then they are likely to be customers who order off of you online.

If you want to know how to get started with a free website, check out this post.

If you already have a website but want to know a great way of adding your products to your website, then I recommend a plug-in called WooCommerce. It makes it so easy to add products and services. But if you have any specific questions, please let me know. I have been using these methods for my wife’s wedding website for a while.

Drop Shipping

What if you haven’t got your own products?? You could sell someone else’s…

Drop shipping is the term where you sign up with a wholesaler that offers drop shipping. You advertise that product on your website with a mark-up. A customer comes on your website and buys that product off you, you then order it off the wholesaler and give them the customers address.  It gets sent straight to your customer with your company name on it (so the customer thinks it has come from you) and you keep the difference in cost.

Whilst this will not be everyone’s cup of tea, due to the amount of work involved, it is a great way of adding to the product range of a website.

Again, we utilise this method on the wedding website. We have added a number of wedding favours onto the website. Any of our customers order these favours, we order them from our wholesaler and it gets mailed straight to the customer.

Due to us paying wholesale costs, we are making 20% on each sale.

This might not sound much but think of it this way:  this allows us to remain competitive in a competitive market, we aren’t paying for any storage of these products.  If a particular product does not sell and will never sell, we just remove it from the website and we have got any stock to try and get rid of.

There are many benefits to drop shipping, but with many providers it does mean you need to place an order when you have received it.

I am about to review Shopify which has a function where you connect directly with a drop shipper, which means it could be automated – but I will keep you updated with the review.

Sell Your Website Space

Have you got space available on your website where someone could pay to advertise their business?

There are a couple of options, you could use Google AdSense.  The return on this method will depend on your traffic levels, Sell Your Website Spacebut at least you can control what ads appear on your website/blog.

You could sell the space yourself via an advertising network, but again this will depend on the traffic levels you get.  As they will not want to pay over the odds for a space that is not going to get seen by many.

Personally, I feel this is an option for when you are receiving high levels of traffic.  It will require time and effort to build up your audience to a level where either option ends up being worth it.

If you already have high levels of traffic and you are not using either method, you are missing out on some easy revenue.

Using Online Advertising Platforms

Whilst selling your own space will take a lot of time and effort, there is an alternative of using an online advertising platform. This is an option which many use, I regularly check the Sky Sports app and at the bottom of every page is a “Sponsored Links” bit and they have partnered with Outbrain to recommend a number of adverts. Of course, Sky will earn a commission if I click on any of these adverts.

I get why many use this, but Sky is a massive platform and they can get away with more than a small website owner who is trying to break through the barriers into where they have consistent traffic.  But my main gripe with this method is, the ads are not relevant. Not a single advert at the bottom of this page is relevant to sport or me.

So, if you added an advertising block to your website and the ads are not relevant to your readers, it may put them off and they lose trust in you and end up not following any of your suggestions.

If you do decide to follow this method, my only advice is to check how much control you have on it and also check what it is showing.  I know someone who just turned it on and didn’t check it and all the adverts were adult related (dating apps, etc.) on a blog for children’s toys.

Final Word

Whilst there are many strategies that are proven ways to monetise your website, these are 5 that do work.  I myself use the first 4 on the wedding website and all are providing a monthly income.

The key things I would recommend you follow are:  Make sure anything you add to your website is relevant to your audience. If your website is about weddings, then any post, product, advert needs to be around something that a reader who is looking at planning a wedding will find useful.

Quality Content is also a must to improve the traffic numbers to help you benefit from these methods.

I hope you found this article useful, if you have any questions or want to share how you monetise your website then please add them to the comments section below.

Stay at Home Computer Jobs – Earn Money from Home!

Hi everyone, this post is aimed at pointing you in the right direction for ways to work from home using your computer. Whether it is you are looking at a way of working for yourself using your computer or wanting some part time work doing it for a company, customer services for example – we will be exploring the options available to you.

Whilst we will be focusing on the opportunities that are available, it would be wrong of me not to mention the scams that are out there…

As soon as you search any such term into the search engines, there will be opportunities that appear, and they are that enticing and look like such an easy way to earn money that you decide to have a look.  The problem is, which ones are genuine? That is what we will also discuss in this article.

Let’s start with the types of jobs that are available.

At Home Customer Service Jobs

If you are great at chatting with customers, able to help them with their problems or answer questions about the company’s products and services. Then this may be a great opportunity for you. More and more companies are starting to rely on people from home to do these tasks as it reduces the costs. There is no need to have a big call centre, when they can outsource it to people working from home and able to offer the same help and support. Customers wouldn’t really notice the difference, but it benefits both you and them.At home Customer Services

Some of the jobs available do want some experience and expect you to be able to use email and be happy taking phone calls. Indeed, have these opportunities available. I also found this great opportunity to support Apple with home-based advisor role. See the opportunity here.

At Home Sales Person Jobs

At home Sales JobsThere are plenty of opportunities to take on a sales job from home, these would typically involve using the phone as well as your computer and would mainly involve contacting potential customers about products or services. There will be some key aspects that employers will be looking for before they hire a sales person –

  • such as the ability to understand the products, services and the market for that company.
  • The ability to find clients and converting leads to sales
  • The ability to develop relationships with clients
  • As it is a home-based position, you will need to be able to use email, spreadsheets and be great at keeping records

Indeed, have a number on offer at present, including at home travel agent jobs or even examples of those in the motor industry. See the full list here. Total Jobs also have opportunities too

At Home Accounting Jobs

There are plenty of small business owners that struggle to find time to do their accounting, running a small business takesAt Home Accounting Jobs up so much time they start looking at outsourcing certain tasks and accounting is one of the main ones.  Typically, they are really creative and great at designing a product – but aren’t great at doing the books.

If you are good at accounting and have experience with Sage, QuickBooks, etc. or are willing to learn these courses then you could be on to a great source of earning money with stay at home computer jobs.

There are opportunities on both a local scale and via the computer. So, if you are mobile you could increase your income by getting involved with a local business and doing a day in their office.

Places to look for accounting opportunities are like Indeed, Monster but there are also opportunities via Freelancing Sites such as Fiverr or Upwork. I go on about this shortly.

Be Mindful of Work from Home Scams

Like I said at the beginning, for every work from home opportunity out there that is genuine, there is a scam out there designed to rob you of either your money or your personal detail.

Start a Successful Online BusinessLook out for signs that it may not be genuine, for example most sites that promise you can be earning £1000’s from day one is definitely a scam.  Earning money online for yourself is totally possible, I am doing it through this website. But firstly, I am not earning £1000’s out of it yet and it takes time and effort to do it.

Let’s go through some steps you can take to decide whether an opportunity looks genuine and is worth accepting the invitation.

  • One of the things I have noticed and makes it easier to spot a scam is: Spelling and grammar mistakes.  I know anyone can make them, but if it is genuine they will have spent the time to use a spell checker. I know English isn’t everyone’s first language, but a spell checker is key and a website owner who is genuine will have used one.  Scammers are just after the money. I do understand that this isn’t a concrete one, but it definitely gives me something to think about before I proceed.
  • Is the website secure or using a secure form for your information?  This isn’t always a guarantee, but in most places a website that is using a https: address is more likely to be trusted than a non-secure website
  • Does the offer feel realistic? If they are saying you can be earning a certain amount of money, by doing certain actions and with some timescales – but it will take a certain level of action by you. That sounds more genuine than an offer of a service where you “switch it on and you will earn thousands”.  We would all love to find a magic button that does that, but in my research, I am still to find one…
  • Do they actually tell you what you will be doing?? I see a lot of products that say you can earn loads of money through it, but don’t actually tell you what you will be doing? Most websites that have a fantastic introduction video with loads of success stories, but no real information on what it is – is typically a scam.  I would want to know how I am going to earn all this money before I hand over any of my money or information. It is pretty much saying, hand over £99 and then I will tell you what it is?? Whilst some may end up being quite lucrative, it isn’t something to risk when you have no money or can’t afford to lose that amount of money on something that isn’t going to work.
  • Simply put, if it looks too good to be true, it probably is.

Freelancing Opportunities

If you want a way of earning money online with a stay at home computer job, but don’t want to commit to anything long term or with set hours then Freelancing might be for you.

There are a number of ways that your current skills could benefit you when signing up to a freelancing site and offering your services. The list of opportunities is endless – writing content, graphic design, website design, accounting, (need to fill list).

Let’s just clear up how this works. You sign up with a website such as Fiverr. You create a seller profile stating what you are offering and what your experience is. So, let’s say you have experience with accounting or are good at writing content in accounting – you could state this in your profile and offer your services for a set fee. A buyer hires you and you complete the work and earn the money.

This makes this a really flexible way of earning money as you can activate your ‘gigs’ as and when you can. You can also state how long they can expect you to reply with the completed work.

Read more information at my review for Fiverr. This is a great place for wannabe freelancers just starting out.  It would be prudent once you are established to explore other sites, such as Upwork, where you can earn more money, but they expect you to be experienced and actually prove it too.

Start an Online Business in a Profitable Niche

All the examples above are great ways to earn money online, but they still require you to work for someone else and working to their timescales rather than giving you the freedom to work for yourself and earning enough to make it your only income.

Start a Successful Online Business

Starting your own online business is a great way to earning money online using your computer and giving you the freedom to work wherever you like (with WIFI, of course). I started this process a couple of years ago and it is now something that I fully endorse.

Let’s first go through how this works.

Picking a Niche – the biggest mistake many make is targeting a subject that is too broad, whilst there are many opportunities you don’t want to get drowned out by too much competition straightaway. But it also needs to be a subject you know a lot about or have a passion for. This makes it easier for you to create content for it. A great way of doing this is by checking out Amazon. Men’s grooming or keeping fit are big profitable niches, but they are very broad categories. But if you drill down and go for Beard Care, then you have got a better niche to start with.

Create an Authority Website – Let’s continue with the Beard Care niche for now and let’s say we are going to target Beard Trimmers – I would create a website all about Beard trimmers, how to use them, the best ones out there, what accessories there are for beard care, Beard styles.  These are things that people are searching for (and I can show you how to find out what people are searching for). This all goes to showing that you are an authority in that field.

How do You Make Money? – Ok, I know you are asking how does this site make me money…?  Well, that is called a process called Affiliate Marketing.

What is Affiliate Marketing?

Simply put, on that beard care website you would have reviews for products and services that you have reviewed and written an article on it. Your reader decides that after reading your review they want to buy it. You would have an affiliate link to that product at a marketplace, let’s use Amazon for now.  They click on that link that takes them to the product on Amazon. They buy that product normally through Amazon as normal. But the key bit is you have just earned a commission. A percentage of the purchase price is your reward for bringing that buyer to Amazon.

That is the premise of Affiliate Marketing and makes an online business opportunity a very viable stay at home computer job.

There are a few things to get your head around with Affiliate Marketing and building an online business – for example, building a website, creating content, getting traffic to your website and which affiliate programs are worthwhile.

But one thing I can guarantee that if you are willing to put in the time and effort and follow the same steps I took when learning, you can turn this opportunity into a passive income that when it starts earning for you, continues to earn money without the full-time hours that a normal job has.

You will also feel a wave of pride when you have built this website and it is earning money – helping people in your given niche gives a level of satisfaction and when you are earning money from helping people it is awesome.

Steps to Get Started

There are 3 key things you need to get started with a successful online business:

  1. Education – Whilst you may be fully versed in the niche you want to start with, you will need to learn everything there is about getting started, affiliate marketing, creating a WordPress website (easiest one to master), getting traffic to your website. I can start you with a course that takes you step-by-step through all these stages and is free to join.
  2. Websites – Some will say you can do it via social media accounts, but if you actually want to earn money and scale your business, a website is the way to do it. A starter member will get 2 free websites.
  3. Expert Help & Support – Everyone needs a friend. If something isn’t quite working, or you want to bounce an idea of someone then you need someone that is both versed in all the same aspects but has some experience too. You will get access to a community that has close to a million other entrepreneurs that are all doing the same thing.  But I will also be on hand to help you too.

Are you ready to help others and earn yourself some money too? I will be honest it will take hard work and dedication to make it work – but you are doing it for yourself and not taking a customer service job that is helping someone else.

If you are ready to get started, then I can share this course with you. It is free to join and there is no need to upgrade to a premium account until you are ready. Follow the training, ask me any questions you have with either the in-app messages or an email to john@make-cash-from-home.net.

But Wealthy Affiliate has turned many individuals into successful online entrepreneurs, put me to the test – join the starter membership today and go through the initial training. If you don’t feel it is for you after that point. No hard feelings, and you haven’t lost any money but maybe have learned a few things on the way.


Thanks for reading this article, if you have any questions or want to share your experiences with any of the job ideas above, please share them in the comments below

Fiverr Review – Is Fiverr a Scam?

If you have ever considered earning some money online using the skills you already have or outsourcing some of the work you have on an online business, there are many freelancer platforms out there to help you. Today, I wanted to review one of the easier platforms to get started with. I will be showing you how it works, and more importantly can you trust it or is Fiverr a Scam?

Name: FiverrFiverr Review - Is Fiverr a Scam?

Website: www.fiverr.com

Price: Free to Join

Owners: Micha Kaufman CEO

Overall Rating: 75 out of 100

Fiverr, Product Overview

Fiverr started out in 2009 and is a platform where freelancers can offer their services for a number of different categories. It started out that all ‘gigs’ were sold for $5 or a fiver and that is where the name comes from. Since then though there have been changes towards the pricing, as a number of sellers were complaining that certain tasks deserved a higher reward/cost.

In 2014, this was addressed and now there are a number of ways sellers can earn more money for certain gigs, for example through the use of gig extras or additions to gigs.

There are a number of different categories that Fiverr sellers offer gigs in, from writing, logo design to SEO and traffic generation. See the full list below:

  • Graphic & Design
    • Logo Design, Business card & stationary, Illustration, Cartoons & Caricatures, Flyers/Brochures, Book & Album Covers, Packaging Design, Web & Mobile Design, Social Media Design, Banner Ads, Photoshop editing, 3D & 2D models, T-shirts & Merchandise, Presentation Design, Infographics, Vector Tracing, Invitations, Other
  • Digital Marketing
    • Social Media Marketing, SEO, Content Marketing, Video Marketing, Email Marketing, Search & Display Marketing, Marketing Strategy, Web Analytics, Influencer Marketing, Local Listings, Domain Research, E-Commerce Marketing, Mobile Advertising, Music Promotion, Web Traffic, Other
  • Writing & Translation
    • Resumes & Cover Letters, Proof-reading and editing, Translation, Creative Writing, Business Copywriting, Research & Summaries, Articles & Blog Posts, Press Releases, Transcription, Legal Writing, Other
  • Video & Animation
    • Whiteboard & Animated Explainers, Intros & Animated Logos, Promo Videos, Editing & Post Production, Lyric & Music Videos, Spokesperson Videos, Animated Characters & Modelling, Short Video Ads, Live Action Explainers, Other

Fiverr - Video & Animation

  • Music & Audio
    • Voice Overs, Mixing & Mastering, Producers & Composers, Singer-Songwriters, Session Musicians & Singers, Jingles & Drops, Sound Effects, Other

Fiverr - Music & Audio Gigs

  • Programming & Tech
    • WordPress, Website Builders & CMS, Web Programming, Ecommerce, Mobile Apps & Web, Desktop Applications, Support & IT, Chatbots, Data Analysis & Reports, Convert Files, Databases, User Testing, QA, Other
  • Business
    • Virtual Assistant, Market Research, Business Plans, Branding Services, Legal Consulting, Financial Consulting, Business Tips, Presentations, Career Advice, Flyer Distribution, Other
  • Fun & Lifestyle
    • Online Lessons, Arts & Crafts, Relationship Advice, Health, Nutrition & Fitness, Astrology & Readings, Spiritual & Healing, Family & Genealogy, Gaming, Greeting Cards & Videos, Your Message on…, Viral Videos, Pranks & Stunts, Celebrity Impersonators, Collectibles, Global Culture, Other

Fiverr - Fun & Lifestyle Gigs

Some are great, especially if you are looking at outsourcing some tasks, others are quite quirky and may be for some out there.

But there is a category for both if you are looking at investing in a service or looking to earn some money from selling your services.

Fiverr keeps it simple by having the same account type for both a buyer or seller or both. There is no vetting process for either other than confirming your email address.

Payments tend to go through PayPal, giving you extra peace of mind over the money side of things. Something to note, is the commission rate is 20%. So as most buy the basic gig of $5, you will hand over $1 for each transaction.

One thing, I do find interesting is the lack of a vetting process for a seller, unless they choose to go for a Fiverr Pro account. To get this status has many positives including having extra trust for buyers added to it, but this is optional.

So, my concern is that anyone could say they can do any of these tasks, you only have the star ratings system to go off. In most cases, this is fine as they are genuine sellers with experience.

But, how do you weed out the scammers that are ever more prevalent on this platform??

Compared to some other higher end platforms for Freelancers, Fiverr does appear to be a bit crowded and there are some concerns over the lack of vetting due to certain scams on there.

For a Buyer

The website is nicely set out and is easy to navigate for a potential buyer, just select the category you are interested in exploring and you will find a selection of gigs available for you to review. I would highly recommend you thoroughly read what they are offering and make sure it is exactly what you want.

The reason I say this is, it can be too easy to just pick a gig based on their star rating and what they offer, but it turns out the seller is unable to complete the task as you are asking for something that isn’t being offered.

If I give you an example, I could look into someone writing me an article – the sellers feedback is awesome, and they deliver a quick turnaround – but I want an article written on a subject that they don’t list – So they specify they specialise in finance articles, but I didn’t read that bit and want an article on coffee makers.  See what I mean?

If you are looking for a specific task, check all the gigs and what the seller is offering.

There is also a new feature called Business Tools – it is designed to help you manage and keep track of your purchases, especially if you have a team of people working in your business.

Fiverr - Business Tools

 

For a Freelancer (Seller)

Unless you go for a Fiverr Pro account, you just create an account and you are good to set up your own profile and gigs. Like I said for a buyer, you need to be as specific as you can.

Tell them about your experience, timelines for completion, revisions, etc.

It might be worth checking out what others are offering, to ensure you are both competitive and offering a unique gig.

There are different levels for a seller, which I go through later in the review, but this is based on feedback from previous gigs – so if you are new you won’t have a star rating, that is why you need to be unique and show a good brief so that someone decides to use you.

Once you start receiving work and receiving feedback, you can climb up the rankings and possibly consider a Fiverr Pro account.  There is a level of vetting to get this status but is a great thing for a potential buyer to see.

One thing to consider with selling on Fiverr is the sheer competition on there from really established players on there – that is why you need to be different or even a bit quirky to get noticed.

The Good & The Bad

There are always good points and bad points to any product or service, let’s explore them with Fiverr:

The Good

  • There are no restrictions on who can join or from where with worldwide support
  • Buyers can hire freelancers for as little as $5
  • Easy way for freelancers to earn money online

The Bad

  • The Website is a little crowded. Anyone can join, which includes a high number of scammers with little way of knowing if they are one
  • No guarantee of quality, there is no vetting of sellers unless they go for Fiverr Pro
  • Fiverr does currently hold a negative BBB rating, which at the time of writing this an F with 42 complaints, compared to 3 positive reviews
  • Fiverr’s emphasis for customer care tends to favour buyers, Sellers in some cases have had a raw deal in complaint circumstances

How Does Fiverr Work?

As the same account works for both a buyer and seller, I have broken this section down into Buyers and Sellers just to show you the different aspects to consider when deciding whether to use Fiverr or not.

Buyers

Sometimes, you are looking at ways of outsourcing some of the work you need done for your business, for example help with a logo. Fiverr provides a platform that offers many different types of gig you may want to look into. But there are some advantages and some disadvantages to using Fiverr

Advantages to a Buyer

  • If you don’t have a large budget, you can hire freelancers for as little as $5
  • If you aren’t satisfied with the work, you have only lost $5
  • The number of different types of gig available

Disadvantages to a Buyer

  • Only see a profile and rank before you buy the gig – in some cases this is fine, but if you take some of the SEO gigs you do need to mindful as there are scammers in the mix and you could end up doing more harm than good to your website and you don’t want to get penalised by Google due to incorrect ways of getting traffic, etc.
  • Easier to get Freelance experience/work due to the low fee ($5)
  • Don’t need to have much technical experience to set up your profile and sell gigs
  • Can make more money doing something you love
  • Buyers search by gig rather than seller, meaning it is easier to get exposure
  • External marketing, such as social media is permitted to get more exposure

Sellers

Selling on Fiverr is a great way of earning money from freelancing and utilising the skills you have, but there are again pros and cons to selling on Fiverr too

Fiverr - Become a Seller

Advantages to a Freelancer/Seller

Disadvantages

  • You have no control over the gigs that are accepted automatically on your behalf, this may mean a gig is taken but it isn’t actually relevant to what you are offering
  • The rating system is questionable and can be affected by the gigs that are accepted but are not relevant. If you have a lot of people who buy your gig for the wrong reasons, this can seriously impact your star ratings if you are unable to complete the gig
  • It will be harder to sell if you are targeting a highly competitive gig area, as these will be up against established sellers
  • It is a high commission rate (20%), considering most only buy the basic gig.
  • Can only withdrawal earnings 14 days after receiving payment. Fiverr says this is down to safety reasons, and in case a buyer has an issue.
  • Fiverr can ban you without reason if they feel you have violated t’s and c’s.
  • Fiverr service tends to favour the buyer in most cases

Seller Levels

As you start out selling gigs on Fiverr, there are certain levels you can achieve. These levels show potential buyers how experienced you are, and the star ratings allow them to see how good a seller you have been. A seller level is a good indicator for trust level, but not always a true reflection as it is hard to see whether someone has used fake reviews to climb up the ranks. But either way, not everyone on there is a scammer so is still a good indicator.

You start out as a New Seller:

This gives you the ability to have 7 active gigs, 2 gig extras and 5 gig multiples

Level One Seller:

Criteria:           30 days active, completed at least 10 individual orders, you maintain a 4-star rating or above and have a low cancellation rate.

Benefits:         15 active gigs, 4 gig extras and 10 gig multiples

Level Two Seller:

Criteria:           You have completed 50 individual orders in 2 consecutive months, maintain a 4.5-star rating or above and have a low cancellation rate.

Benefits:         20 active gigs, 5 gig extras, 15 gig multiples and priority customer support

Top Rated Seller:

Criteria:           Maintain a 4.7 to 5-star rating, offer exceptional customer care, have a low cancellation rate, show community leadership and is based on volume of sales.

Benefits:         20 active gigs, 5 gig extras, 15 gig extras and priority customer support.

How to Improve Your Chances of Getting Hired

  • Embrace the basic gig of $5, get your name out there before exploring additional gig extras, etc.
  • Be honest in your profile, if you haven’t got qualifications but years of experience – share this and be able to back up your claims
  • Be unique and stand out. Be highly specific in what you offer
  • Advertise your services on Fiverr elsewhere, as in your social media profiles
  • Make your profile fun, people buy because of the person selling
  • If you are serious, look into using a Fiverr Pro account – pass the vetting stage and see your profile stand out from the crowd.

Fiverr Support

Fiverr do have a support team contactable via the in-built messaging service, but a lot of the problems do tend to stem from this point.  Support are great for buyers, as they are putting the money into the system. Support are not that great for sellers.

I have seen a few examples in my research that shows there is a blatant bias towards the buyers. It seems Fiverr do not want you to really be issuing refunds due to Fiverr losing money from it.

I thought, these might be isolated cases, but when you check the BBB rating, they only rank an F and have 42 complaints on there all around the support side from the perspective of the seller.

There are always going to be times where a seller or a buyer are not holding up their end of the contract, but Fiverr should remain neutral and support from a neutral position.

This does affect Fiverr’s overall rating, not only with BBB but with reviews in general too.

Fiverr Price

It is free to join Fiverr and they use the same dashboard for either a buyer or seller. I can understand this as a buyer, but I would have thought there would be a few extra hoops for a seller to go through to register. The reason I say this is, anyone can register and tell you they are selling a certain gig and that’s it. I know this make it easier for freelancers to get some experience before they try a platform where they will need to provide a few more details like Upwork. But still find it difficult that it is so easy for a scammer to get money out of people.

My Final Opinion of Fiverr

Fiverr has great opportunities for people wanting help with their online businesses at reasonable prices. Basic gigs do start at $5, sometimes the extras add additional costs to this, but no more than you would spend elsewhere. I would still say be mindful of the gigs you invest in, I personally would avoid the SEO & traffic seeking ones, as they are typically fake traffic and can affect your websites in a bad way.

But Fiverr can be a great place to ask writers to write content for you, as when you receive it you can always check it over and reword it if necessary to ensure it is unique.

It can also be a great platform for freelancers who want to get started and some experience with freelancing before exploring a better platform, like Upwork where you can earn a lot more money or get hired as a regular writer, etc.

The advice I would give any potential freelancer offering their services on Fiverr to be careful though, my research and experience shows me Fiverr are more inclined to agree with buyers and not sellers, as this would involve a refund. But anyone can buy your gig and then try and change the goal-posts, then you end up looking like the bad guy.

Can you Make Money with Fiverr?

Yes…

You can make a very good income out of Fiverr, if you can ensure you are unique, good at what you offer, stand out from the crowd and advertise your gigs regular on social media, etc.

Is Fiverr a Scam…?

Whilst there are definitely gigs out there that end up being there from an unreliable source or scam, there are also a high number of genuine sellers on there and after using their services, I would go back and use them again.

I would say Fiver is a great resource if you are struggling with a logo, or want help writing some articles. But do your research thoroughly, check the ratings and feedback. But at the end of the day, if they end up not giving you what you wanted, it is a $5 investment and that is it.

I do feel like, Fiverr could do more to support Sellers, when buyers are expecting more than the gig offers and I think they could do more to prevent scammers.

Why do only Fiverr Pro’s go through the vetting process. Most of these platforms can also tell if accounts have a load of fake reviews, so I think they could improve that part.

Overall, I think Fiverr is a good platform for those wanting some freelance experience. Both buyers and sellers know what the deal is upfront, and it is very easy to use. There could be some improvements, but as long as you do some thorough research before buying or selling, then you can use Fiverr to progress your ambitions.

Fiverr At a Glance…

Name: FiverrFiverr Review - Is Fiverr a Scam?

Website: www.fiverr.com

Owners: Micha Kaufman CEO

Price: Free to Join

Overall Ranking: 75 out of 100

Verdict: There could be some improvements, but good platform for buyers and potential freelancers


Fiverr offers a chance for freelancers to get some experience and earn some money and will be a chance to experience a variety of different tasks, but if you would prefer to start your own online business with full support, then I suggest you check out my Wealthy Affiliate Review. Get started with a full-time income now

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