You see people buying a ton of goods on Amazon only for them to resell them in their respective localities for double the profits. It happens all the time. It is just a smart way of making money. The right term is online arbitrage and is an acceptable way of doing business. Fiverr outsourcing pretty much follows this principle.

Fiverr has been around for a little over 8 years and has already opened a new world of opportunities for freelancers. If you have a hidden treasure and can learn a few techniques of packaging it, the sky can be the limit for you. The working principle of Fiverr is quite basic where ordinary people can offer items for a certain price. You can even use deals such as the new Fiverr promo codes to save money and get services almost for free.

Fiverr website
photo credit: Rashedul Hoque / Flickr

There’s another interesting crowd of people who do outsourcing on Fiverr—people who have hit a massive bull’s eye and are making handsome incomes on the network without putting in the work. In this guide, we will tell you all about that and hopefully help you save some good money with Fiverr outsourcing.

What is Fiverr?

If you know a thing or two about online freelancing, you’ve probably come across Fiverr. It is one of the most common outsourcing networks which connects freelancers with individuals looking for all sorts of services, including content submissions, social media management, transcription, business listings, guest posting and so on.

Ideally, clients (called buyers) buy these services from freelancers (called sellers) in form of gigs. For a long time, a gig was sold for as little as $5- a fact that made the network a great money-making platform for smart and intelligent minds in the world. Now, one gig can go as high as $1000. Yes, you read that right. The beauty with the platform is that you can sell anything. We have seen freelancers who promise to cast a spell for you and some who claim to hear your confessions. Surprisingly, these gigs sell like hot cake.

What Does Fiverr Outsourcing Entail?

Outsourcing is pretty straightforward – paying someone else to do the job. Thanks to the fast-paced world we live in, bloggers, marketers, and website owners barely have time to develop content, write guest posts, research business name ideas, and transcribe their files. This is where freelancers come into play. With rock-bottom rates, you can get a ton of work done and save so much money and time in the process.

Rather than do the hard work of freelancing, you can launch a Fiverr arbitrage business and make more on your gigs. The job is more like acting as a middle man. You basically hire for a project for less than you are being paid to do it. It is a perfect business model for super busy individuals and those who don’t have the right skills that appeal to clients.

Micha Kaufman, Fiverr CEO business card
photo credit: Micha Kaufman / Flickr

What are some of the buyer tips for Fiverr Outsourcing?

While outsourcing on Fiverr can be a lucrative venture, it can be a huge time-waster in equal measure. Before you launch into it, you must make sure it is really worth the time and effort. Here are a few tips of success.

1. Select good talent

Perhaps the biggest hurdle in the world of outsourcing is hiring the right talent pool. You need the expertise to pick out the very best among the cesspool of freelancers on Fiverr. The rule of thumb is to go for the person who provides a detailed description of the service offered. Don’t fall for a bright and colorful image with a poorly written or unconvincing description. You’ll surely live to regret it!

2. Ask yourself if it is really worth the trouble

Sometimes outsourcing your gig just seems harder a task than doing it yourself. Think of a scenario where you use 200 words to explain how to write a 100-word article. Wouldn’t you rather do it yourself? Always ensure the outsourcing is absolutely necessary and will eventually add value to you.

3. Focus on reviews

Reviews seldom lie as far as buying stuff online is concerned. The same is true for Fiverr. Trust buyers to leave a rating after buying gigs from sellers. Some would only provide a rating while some include an accompanying message along the ratings. To get the best man for the job, don’t settle for anything less than a 3.0 rating. The review should preferably come from several past clients, not a single client.

4. Ask questions

Even after ticking all the boxes above, you can still land on an average freelancer who will not further your outsourcing efforts in any way, shape, or form. This is why you need to arm yourself with as many questions as possible.

Questions will give you an inside look at the expertise of the freelancer on Fiverr. You can tell so much more about the way the seller responses and if they are really worth your time and money. Some sellers have the skill but make for some of the worst communicators you’ve ever met.

5. Set some standards

It’s true: Fiverr has thousand if not millions of qualified freelancers. You’ll see this when you navigate the site. This is not to say that all of them are your perfect fit. Some have expensive gigs that are way out your budget.

Think how many reviews you are looking for, which ratings cut it for you, and if you will use Fiverr’s top-rated sellers only. Setting these standards will ensure you save both time and money while outsourcing.

Businesswoman outsourcing her business

Additional outsourcing tips

  • Coupons: Once in a while, you’ll come across deals such as the different kind of Fiverr discounts available at your disposal. Be sure to grab these and triple your savings on the platform.
  • Combine gigs for better results: This secret is best kept by successful Fiverr buyers. For instance, if you want a two-minute video narration but the buyer of your choice has only one one-minute slot, you can buy two one-minute gigs from the seller and get what you want.
  • Keep rather low expectations: Don’t expect to have viral content every time you outsource. Ultimately, you get what you bargain for.

Outsourcing on Fiverr can open the gates of riches for you or close them completely. You must master the craft before you jump up in excitement. Consider the tips suggested in this guide and enjoy making money as a middle man!