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As the demand for professional services has been rapidly increasing in recent years, freelancer platforms like Fiverr have become increasingly expensive — leaving many businesses struggling to get quality services at affordable rates.
What is Fiverr and Why are its Prices Rising?
Fiverr is an online marketplace for freelancers to connect with employers and offer services for a set fee. Founded in 2010, it has since become one of the leading platforms for finding freelancers for a variety of tasks.
Over the years, however, Fiverr’s prices have risen significantly. This is largely due to the increased demand for services on the platform, as well as the rising cost of labor in the freelance market. Additionally, Fiverr has implemented various fees and taxes that have also contributed to its rising costs.
The platform was originally designed to allow people to offer their services for US$5 (then around £3). The original intention of the founders was to create an alternative marketplace for buying and selling goods. However, these goals were soon abandoned as more people began listing their skills on Fiverr.
What Are The Factors That Are Leading to Price Increases?
1. Gig Economy:
The gig economy is the result of an increase in short-term freelance and contract work, with many freelancers and businesses taking advantage of the flexibility it offers. This type of work is often associated with increased competition and higher rates for services, as freelancers are often competing for the same jobs and must price their services competitively.
The economic system of private ownership of the means of production, distribution, and exchange that underlies the social order; is based on wage labor and private property.
3. Wage Labor
The process by which one is paid for performing a job or service in return for financial remuneration. The ability to earn money without working through means other than selling one’s own labor power or providing some type of personal service/product; also known as work for hire or employment at will.
How Can You Adapt To The Increasing Price of Services on Fiverr?
1. Research alternative platforms:
Research other online freelance platforms, such as Upwork, Freelancer, Guru, and PeoplePerHour, to find cheaper services.
Related: How To Freelance Without Fiverr?
2. Create a LinkedIn profile
Search for nearby freelance programmers and reach out to them on LinkedIn, then schedule a meeting with them to show your portfolio and talk about your project.
1. Build a professional profile: A professional and well-crafted LinkedIn profile is a great way to reach out to potential clients. Include your skills and experience, certifications, and any other information that makes you stand out.
2. Utilize keywords: Add keywords that are related to your services in your profile description, summary, and job titles. This will make it easier for potential clients to find you when they search for freelancers with specific skills.
3. Connect with potential clients: Search for potential clients in your industry and send them connection requests with a personalized message.
3. Use Upwork
To find the cheapest alternatives for programming services, use Upwork. It’s been found to be 80% cheaper than freelancer.com or guru.com, though there are some caveats that you should consider before using it.
Conclusion: Why Is Fiverr So Expensive Now?
Overall, Fiverr is an incredibly useful platform for freelancers but the recent surge in prices has caused some concern.
While the cost of using the platform has risen, the services available have also improved and the convenience of using Fiverr for freelance work cannot be overlooked.
Ultimately, Fiverr’s pricing structure is based on market demand and is likely to remain expensive for the foreseeable future.