fiverr fastlane?

[ShadowX]

People earning $60,000 from fiverr, is this a good fastlane approach?

 

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[CKoski90]

Is 60k a year fast lane?

 

[EN_VY]

Not if you're doing the work. At the end of the day, you're still trading time for money. Also 60 a month, or a year?

 

[marklov]

more like a side hustle

 

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[Karla]

Not if you`re trading time for money. Maybe if you outsource. Meaning you are selling some service or product and have people on fiverr do it for you.

 

[Timbonitus]

Fiverr sucks.

You can make so much more cash if you charge your own rates and find your own clients. If you can find an extremely simple gig that sells well and then outsource all the work to some dude in a third world country it could be a viable business idea. Otherwise, completing gigs is a massive waste of time. Not to mention the fact that Fiverr takes a dollar from each project that you complete.

I think Fiverr can be good to make some quick cash but it's not a long-term solution.

 

[Fine young man]

Fiverr is definitely not "fastlane", except for the owners of the site.

 

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[AllenCrawley]

It is for the owner(s) of fiverr.

I honestly can't believe anyone that's been here for the length you have would even create a thread asking this question.

 

[SBS.95]

It's not fastlane at all. I used it when I was really broke, and used that money to buy items to flip from Craigslist, and now I'm using that money to put towards a real passive income venture.

It's better than working at McDonalds, but when I calculated it out I was really only making like $8/hour or so (each job would pay me $4 after fees and would take like half an hour to complete.) Don't rely on slave labor like this. Unless you have a way of completing a $4 job in a couple of minutes, this isn't even an effective way to bootstrap.

 

[C.S. Abbink]

Totally depends on the project. If you automated the process you are offering, why not?

For example: If you created an automated process to convert plain text to a kinetic typography video, or a logo to 3d, you would only need 5-10 minutes a day to copy/paste the text (which you could even outsource) and mail the results.

5-10 minutes a day for 60k sounds fastlane to me.

 

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[MJ DeMarco]

eople earning $60,000 from fiverr, is this a good fastlane approach?

Do you even know what Fastlane is?

This may help.

https://www.thefastlaneforum.com/community/pages/about/

 

[Rcaraway1989]

I've heard of people who use Fiverr to validate their idea -- example: someone who wanted to build some resume designing software first manually designed people's resume's by testing it on fiverr.

After he was getting more requests than he could fill he started building software to automate it.

 

[RHL]

Good money vs. big money section in TMF , or stalk MJ's posts and find where he talks about it. TL;DR as I recall his example was his best affiliates and his own site. He cleared six or seven figures in a month, while his best affiliate made "good money," $30K/mo. This fiverr guy is making 60K/yr because the people who own Fiverr are making $6M/yr. Be the guys who own fiverr, if you can.

I actually don't think everyone needs to swing for big money if they're killing it in a small market though, as long as their "killing it" is still fastlane. For example, $150,000/yr mostly passively beats the living crap out of almost any job (even if you made $300K as a surgeon, that's still by doing overnight shifts and having little kids die on your watch and having to talk to the family after). If you can farm it out, go for it, but to me, that thing with the quadraplex house generating $800/mo in passive income and free lodging is way more impressive than someone grinding for 60K, because that $800 is coming in while you're at the beach or window shopping in NYC or on a plane. 60K connected to your time is a tough beat, 60K passively is brilliant.

 

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[Formless]

Need
Entry
Control
Scale
Time.

^ This is fastlane. 'Fastlane' is not some arbitrary 'matter of opinion' thing. It is very clearly definable.

Fiverr freelancing:

Violates Entry (because anyone with the skillset can start competing with you within 20 minutes)
Violates Control to some degree (If fiverr shuts down, so does your revenue)
Violates Scale (because you are just one person, and therefore you are your own bottleneck)
Violates Time (because the income is not divorced from your time)

Read the book, because it's the best one of its category.

 

[ShadowX]

Totally depends on the project. If you automated the process you are offering, why not?

For example: If you created an automated process to convert plain text to a kinetic typography video, or a logo to 3d, you would only need 5-10 minutes a day to copy/paste the text (which you could even outsource) and mail the results.

5-10 minutes a day for 60k sounds fastlane to me.

Yes that's what I'm doing automated process.

I have made a plan and it includes me literally doing 1 minute of work per gig hence I asked is this a fastlane approach? If I scale it big I reckon I can do 120k in 6 months. I've already done some work and started the gigs, it's going very successful and orders are rolling each day.

And sorry @AllenCrawley should of made it a bit clear on my thread post.

 

[ShadowX]

I've heard of people who use Fiverr to validate their idea -- example: someone who wanted to build some resume designing software first manually designed people's resume's by testing it on fiverr.

After he was getting more requests than he could fill he started building software to automate it.

Good concept. I've seen people gain their customer base from fiverr then turning them into regulars on their own site. Kind of dodgy method but it worked for them lol.

 

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[CreateLiving]

Fiverr a Fastlane? Sure, just not how you would think. Charge $15 for a service elsewhere and then outsource it to Fiverr. Rinse, Repeat, Profit.

 

[Yeezy]

Maybe if you could automate your service..

 

[AubreyJ]

I really like fiverr I think it is a really cool site and I actually just hired someone on there to help me make schematics for a clock I'm building for my dad. But, no way it's fastlane. I paid the guy I hired like $35 for a couple of hours of work and that is FAR from fastlane.

 

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[ShadowX]

Maybe if you could automate your service..

Yeah I wrote in post above. My plan takes me 1 minute per gig.

 

[D11FYY]

This can become fastlane.. If you invest the profit and money you make into creating a business.
Best of luck

 

[CreateLiving]

The creators of Fiverr are some extremely intelligent and business savvy individuals. They provide a unique and highly enticing service to multiple different demographics. We can learn a lot from them!

 

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[integrity]

Need
Entry
Control
Scale
Time.

^ This is fastlane. 'Fastlane' is not some arbitrary 'matter of opinion' thing. It is very clearly definable.

Fiverr freelancing:

Violates Entry (because anyone with the skillset can start competing with you within 20 minutes)
Violates Control to some degree (If fiverr shuts down, so does your revenue)
Violates Scale (because you are just one person, and therefore you are your own bottleneck)
Violates Time (because the income is not divorced from your time)

Read the book, because it's the best one of its category.

This.

Not saying you can't make it work for you or earn good money, but it's not a fastlane venture.

 

[Anon101637]

No it's not fiverr promote buyer instead of sellers and you have no control if you are on the buyer side you hope that the seller will do the job and not leave with the money you paid for him to do the job you have no legal regulation that can protect you which clearly violate the commandment of control and if you are the seller otherwise you can do the job but the buyer won't pay you or ask for revision to do more unpaid work not worth the time find company you can trust to build their website or offer your service it's not worth the penny to be on fiverr stay away from it