This whole year has been about stories and experiments. What’s a better experiment or story than making more money?
Sure, I could write about saving money but I’ve covered that to death around here. Now I’m looking at making more money, building wealth, and living a better life.
Let’s start another experiment about making more money.
Earlier this year I wrote about driving for Uber and that has been one of the most popular articles around here. You guys love to read about making more money. You also want to make more money because you have goals in life. You don’t want to loiter. You want to pay off debt, travel, save up, and never miss out on a party.
It’s my duty to find new ways for us to make money. I go out of my way to find new income sources and then write about them,
I entered into a challenge.
A side business challenge to be specific. The exact a description is:
“A side business challenge that has two different niche’s of bloggers against each other to see which team/individual blogger can build the best side business on Fiverr in 60 days.”
What’s Fiverr all about?
It’s an online market place where you can buy and sell goods/services. Gigs on Fiverr start at $5 and go up depending on the detail. For example, it cost me $25 to have one of my first eBooks completely formatted.
I first discovered it in 2012 when a buddy showed me how you could get all kinds of random jobs done for dirt cheap. So I’ve Fiverr for the following over the years:
- Create a Simpsons character of myself.
- eBook covers.
- eBook formatting.
- Blog logos.
- Kindle formatting.
In 2012, I actually launched a whole new blog for under $50 thanks to Fiverr. I outsourced the logo, eBook design, and other stuff to Fiverr. I loved it. I haven’t been on Fiverr too much lately and I never thought of using it to build a side income.
Why should you focus on a side income?
You can never rely on your primary source of income. Anything can happen these days. You can lose your job without any notice. You can show up at work online to find out that it’s your last day. You can put all of your effort into a project and then have it go nowhere.
Also, making more money is so much fun! If you’ve ever increased your income, you’ll agree with me on this one.
Let’s make some money off Fiverr!
A few years ago I offered a Launch NOW! program on here where I helped you guys launch blogs, businesses, and to just followup on your ideas. This is one the gigs that I’ll be offering.
All of my gigs are based around three books that I published this year.
I will help you launch your blog.
I will help you escape the friend zone.
Please note that just like everything that I do around here, this is all completely on-the-job training. I’m going to be playing around with the details (adding videos) for the next two months as I attempt to win this challenge.
So it has been over two months. It’s now Christmas Eve and I totally failed with my Fiverr experiment.
What went wrong?
I learned a lot along the way. My key lessons and tips for those looking to make money through Fiverr are:
- Take the time to promote your gig. I failed miserably here.
- Explain everything about your gig. I didn’t do a video nor did I explain myself enough.
- Respond fast. I was too slow to respond to a few requests.
- Find something that’s in demand. I tried to create something new as opposed to jumping on something that was already proven.
Sure, Fiverr may not work for me, but it could work out for you. I have no graphic skills or skills that I could use for quick money. I also didn’t have the time to focus on a new source of income. You should never dilute yourself with diversification.
“The secret of my success is that I make other people money. And, never ever, ever, ever be ashamed about trying to earn as much as possible for yourself, if the person you’re working with is also making money. That’s life!” — Simon Cowell