Fiverr Brokering Secrets: How To Make Money By Reselling Fiverr Services
What is Fiverr?
With over 300 categories of services offered, Fiverr has become a go-to platform for businesses looking for high-quality, affordable services. While many people use Fiverr to find and hire freelancers directly, there is also a growing market for Fiverr brokering.
According to Fiverr's website, the platform has over 3 million registered buyers and over 830,000 registered freelancers. Fiverr has facilitated over 50 million transactions, with an average transaction value of $100. Fiverr also reports that businesses who use their platform save up to 60% on hiring costs compared to traditional methods.
What is Fiverr Brokering?
Fiverr brokering is when a person acts as a middleman between a buyer and a seller on Fiverr. The broker identifies the needs of the client and finds a freelancer on Fiverr who can fulfill those services. The broker then takes a cut of the payment from the client for finding and managing the freelancer. Here are 2 examples.
Fiverr Case Study 1: Social Media Management
Let's take an example of social media management. A business owner wants to increase their presence on social media but doesn't have the time or expertise to do it themselves. The business owner contacts a Fiverr broker who specializes in social media management. The broker identifies a freelancer on Fiverr who has experience in managing social media accounts. The broker negotiates a fee with the freelancer and charges a markup to the business owner. The broker then manages the project, ensuring that the freelancer delivers quality work on time. The broker takes a cut of the payment from the client and pays the freelancer.
Fiverr Case Study 2: Graphic Design
Another example of Fiverr brokering is graphic design. A business owner needs a new logo but doesn't have the skills to design one themselves. The business owner contacts a Fiverr broker who specializes in graphic design. The broker identifies a freelancer on Fiverr who has experience in logo design. The broker negotiates a fee with the freelancer and charges a markup to the business owner. The broker manages the project, ensuring that the freelancer delivers quality work on time. The broker takes a cut of the payment from the client and pays the freelancer.
Next we'll share some Fiverr brokering secrets to help you get started and succeed in this lucrative field.
#1 Research and select the right services
The first step in Fiverr brokering is to research and select the right services to resell. Look for services that are in high demand but still have a low cost on Fiverr. These could include services like writing gigs, logo design, social media marketing, or website development.
Make sure you choose services that you have a good understanding of and that you can confidently market to potential clients. Look for freelancers with a proven track record of delivering high-quality work and positive reviews from previous clients.
#2 Set competitive prices
Once you've selected the services you want to resell, it's time to set your prices. You'll need to price your services competitively enough to attract clients, but also high enough to make a profit.
Research your competitors and their pricing strategies to get an idea of what you should charge. You can also consider offering package deals or discounts to incentivize clients to choose your services over others.
#3 Build a strong brand
As a Fiverr broker, your brand is critical to your success. You need to create a professional, trustworthy image that will attract clients and set you apart from your competitors.
Invest in a well-designed website that showcases your services and features testimonials from satisfied clients. Use social media to promote your brand and interact with potential clients.
#4 Develop a marketing strategy
To attract clients and build your business, you'll need to develop a solid marketing strategy. This could include advertising on social media or other online platforms, networking with potential clients, or offering referral bonuses to existing clients.
Focus on reaching your target audience and showcasing the benefits of working with your business. Use clear, concise language to communicate your services and make it easy for clients to get in touch with you.
#5 Provide exceptional customer service
As a Fiverr broker, your reputation is everything. You need to provide exceptional customer service to every client you work with, from the first contact to the final delivery.
Communicate clearly and promptly with clients, and be responsive to their needs and concerns. Make sure you deliver high-quality work on time and follow up with clients to ensure their satisfaction.
In conclusion, Fiverr brokering can be a profitable and rewarding business if you approach it with the right strategies and mindset. By selecting the right services, setting competitive prices, building a strong brand, developing a marketing strategy, and providing exceptional customer service, you can build a successful Fiverr brokering business and help clients achieve their goals.