The Five Dollar Bible by Richard Allen - HTML preview

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Avoiding The Five Dollar Mindset

The sites name is fiverr, and this puts a lot of people off selling on it as they think

they are only getting paid $5 per gig, and it’s true that at that rate you are going

to have to do a lot of selling/work to make it as a full time seller on fiverr, or are

you?

Well you need to look beyond that $5 mentality right now! This is the bit where

I’d throw ice cold water over you if I were there in person!

This is because as I mentioned in the above chapter on preparing for levels, that

you can offer gig extras at up to $40 each at level two, and three of those per gig

as extras! Now okay you are going to have to offer something good to command

those prices and deliver well, and not every buyer is going to buy an extra, but if

you just have a $5 mindset then that’s all you’ll ever earn, you need to make sure

that you aim to sell a service that you can offer at least one to two extras on with

each gig.

Now testing would indicate that a sliding scale of extras e.g. one extra at $10, the

next extra at $20 and the 3rd at $40 actually makes no difference to sales at all! It

doesn’t seem to matter about the price! It’s all about the service and making sure

that it compliments your $5 gig, as there is no point in selling facebook likes on

fiverr and then having an extra that’s for article writing! The two aren’t

connected and so the buyer has no interest in your extra. It must complement

the gig and most importantly offer “must have” value to the buyer.

Also bear in mind people come to fiverr to buy, that’s right they already have

their wallet halfway open, so there’s not too much need for a hard sell, all you

need to do is give them a nudge. An example is a gig “$5 for 1,000 facebook likes”

then following it up with “An extra 3,000 likes for $10”. The ‘extra’ complements

the first gig, and the buyer sees the value add as they get more like per $ in the

extra, and so are far more likely to buy than if the ‘extra’ is just irrelevant.

There are also ways to further boost your income with ‘Big Ticket’ sales outside

of fiverr. I cover this in a later chapter, which details how you can sell ‘Big ticket’

services whilst staying within fiverr’s rules and keeping your account 100% safe.