#FreelancePlatforms #HighCommissions #Fiverr #Preply
Hey fellow freelancers! 👋 Let’s talk about crazy commissions on freelance platforms like Fiverr and Preply. Are you tired of losing a big chunk of your hard-earned money to these fees? I feel you!
Here’s a little story to illustrate the frustration: I recently completed a project on Fiverr for $360, but after their 20% commission and additional withdrawal charges, I ended up with only $250 in my bank account. Ouch! 😣
So, here’s my question to you all: Is it possible to create a competing platform with a much cheaper pricing model, maybe even subscription-based, where freelancers can keep more of their earnings? Would this kind of platform attract users despite the lack of built-in publicity?
I’m thinking of a solution where the platform only takes a small percentage (1-3%) of the transaction to cover transfer costs, similar to what third-party services like Stripe do. Maybe this could be a game-changer for freelancers looking to maximize their profits.
What are your thoughts on this? Do you think the current commission rates are fair, or is there room for more freelancer-friendly platforms in the market? Let’s brainstorm some ideas and see if we can come up with a better way to support freelancers like us! 💡🤔
Looking forward to hearing your insights and suggestions! Let’s empower each other to earn what we deserve in the freelance world. 💪 #FreelanceCommunity #EmpowerFreelancers
At the end of the day think of these platforms as advertising companies, they help you get customers. If you have the ability (and luck) to find clients outside of these platforms go for it!
“Is it too stupid and/or naive to think that I can do the same type of product as Fiverr or Preply with much cheaper pricing model?“
I would say just naive.
Build a two sided- marketplace is extremely hard.
It’s a chicken and egg situation.
You have to have companies wanting services before providers will sign up.
But you have to have service providers before companies are interested.
Then you need to build the infrastructure to handle accepting and holding payments and paying them out to different freelances based on local regulations.
Then you have to promote it and keep promoting it.
20% sounds like a lot until you factor in all the operational costs.
And realizing that the company lead for the freelancer is the most valuable thing.
If you hired an in-house sales person to do that it would be 10% to 30%.
So….
If you plan to do it:
– try to manually fulfill it first (find companies than need X, then find freelancers to fulfill those services.)
– once you validated demand, look for off the shelf web app software to do this.
– start with a niche idea and serve those customers. For example: people who need help learning X subject. Or something else specific.
You can easily get fiver clone scripts and run them. But like others have explained you need to have a big budget for advertising to both the freelancers and buyers
Hi, feel free to try Jalpha.io , a new learning platform that is designed to be better than Preply or other tutor platforms. The startup team members were tutors on other platforms before, they noticed so many problems and decided to create a new and better one. It’s still under development but u can join the waiting list now.
Wake up !
You are making the money , because you are in Fiverr. The buyers who seek your services come because you are there .
Not the other way around .
Think – for a month , no business , no enquiry, no sale , no work .
No Fiverr . Would you still type the same thing ?
Cost of acquiring business , creating a market platform , business development and entire sales fulfillment cycle – in any world has a cost / and some where it’s got to get paid .
Want a higher return : mark up your rates to make what you need, knowing the cost of business in between – see if you get those rates . No one stopped you from pegging up your rates to get a higher income .
TLDR : want services be willing to pay or find an alternate , their fees are as justified as your fees .
It’s all about the perspective .