I've been around town when it comes to freelancing platforms. Upwork. People Per Hour. Freelancer. I've spent time on them all, and while they all have their own best practices, pros, and cons, Fiverr is still my go-to platform.
It was one of the first platforms I started working on, and it's the platform that has given me the most work; as they say, "If it ain't broke, don't fix it."
Now, many will complain that Fiverr takes a 20% cut of all your earnings (Upwork takes 20% down to 10% when you earn over a certain amount), and it is a lot. However, at the end of the day, if you're providing a valuable service, you can charge a decent price.
Every business has expenses and profit margins, and a freelancer is no different. If you want to make good money, you need to factor in the 20% that Fiverr will take as their cut. From my experience, it's more than worth it.
Fiverr has also been incredibly good at helping me grow my business. They've provided me with featured placements on the site and opportunities to be seen by new clients that I wouldn't have had otherwise.
For example, when the Coronavirus pandemic first hit, everyone was looking for content to help them out. Fiverr featured me in their email newsletter as a go-to expert on the topic. That one little feature helped me rake in over £2,000 in just a few weeks.
A potential downside is that it can take a while for the money you make to be withdrawn. When a Gig is completed, Fiverr sends the money to your Fiverr account, but before you can withdraw it, there's a two-week waiting period while the funds clear.
This is important for Fiverr because it takes time to process the transactions, and it allows time for the buyers (the ones who bring the money to the site) to go through and address any issues with the order they may have.
Yes, it sucks when you're starting out and you're waiting to get paid; however, once you have regular work coming in and the money is frequently cycling, this doesn't really feel like an issue.