Microgigging is a rising economy with internet access becoming easier every day. While it has its upsides (as outlined in one of our last blogs), those who make their entire wages freelancing are suffering.
Not only are most sellers on websites like Fiverr lacking the protection that a normal job gives them, but they lack significant control over their business dealings.
Here are a couple things you should keep in mind before heading to the internet to start your Microgigging Empire.
It gives off the wrong idea about your business.
Undervaluing yourself as a way to create leads is a precarious place to put yourself as a freelancer. If your first project with a client is $5, you would be hard pressed to get more money out of them for the same size project in future. This all of course depends on the client you are working with, but undervaluing yourself allows others to lowball you on future work.
Remember, inexpensive may sometimes come off as cheap.
You are represented by the people you surround yourself with.
Even though you are providing quality work, doesn’t mean that you are in the majority. When you are writing unique content, know that there will be two other people on the same site who do not write at the same caliber as you or may even be plagiarizing other content.
A bad experience with someone like that can be detrimental to you and your brand as a microgigger, because they are associated with the same platform.
You lack control of your schedule.
On Fiverr, a buyer can request a gig at any time. There are limited ways for you to control how many projects a buyer can request at any given time. This means that a content writer can have 15 gig requests submitted by one buyer and need to deliver in two days.
The average person can’t write a whopping 8500 words, plus complete the necessary research in their spare time over the span of two days. It is next to impossible.
Unfortunately for sellers on Fiverr, this means that they will have to cancel the order and incur the punishment of a lowered rating dropping them from search results on the website.
The withdrawal fees add up.
Fiverr takes a whopping 20% off the top of any gig purchase. That means that on every gig, you only make $4 of the advertized five. If a buyer spends $25 on a gig, you have essentially done one project for free.
Limited ways to get paid with a unacceptable waiting time.
Fiverr offers only a few ways to get your money from the website, with the easiest link being PayPal. Unfortunately, PayPal takes its own cut of your withdrawal from Fiverr, so in the end you have only made about $3.50 USD after everything is said and done.
As well, you will have to wait 14 days after the completion of the project to wait for the funds to clear your Fiverr account. From there it’s another 2-5 into your PayPal, and another 2-3 if you want to put those funds into your bank account. That means that from start to finish, it could take you an entire month before you’re actually able to spend anything that you’ve actually made on Fiverr.
While the gig economy makes it easy for just anyone to set themselves up as an entrepreneur, it takes away from the freelance artists that are struggling to generate leads and providing quality work at the same time.
The start-up may be a little bit more time consuming, but it may be to the advantage of your average freelancer to start their business away from Fiverr.
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