Have You Heard of Fiverr.Com?

Launched in February, 2010, a micro-contracting service was established to change the way people buy and sell products and services online. That service is Fiverr! If you've required the services of web developers, graphic designers, or voice over artists, you've more than likely stumbled upon Fiverr.com. If you haven't, continue reading!

Fiverr isolates itself from other contracting websites and freelance services out on the web because the idea is very simple, buy or sell services for $5.00. Never have I had so much fun searching a website for services I need; whether it's a logo or a promo video. There are also goofy services that provide the fun factor for visitors.

Other services require sellers to submit extensive preliminary information, or buyers that need to win a bid on a service before they can move forward. Fiverr is very cut-and-dry.

Similar to other hot start-ups that have gone viral, there are a multitude of copy-cat micro-contracting websites out there comparable to Fiverr; however is that such a bad thing? Competition breeds innovation.

Fiverr is as simple as, signing up, filling out a few fields, and adding your gig.

A gig, which is what Fiverr calls the services added by the thousands of people that add them every day, is what allows the buyer and seller to meet for the first time. This is the gateway to a possible long-term business relationship.

As someone that's used Fiverr for over six months, I can attest to the fact that I have built a plethora of great relationships by offering my voice over services for $5.00.

That's what makes Fiverr so special! While every service or product may be priced at $5.00, Fiverr has grown to allow popular sellers the options to give buyers more bang for their bucks. For instance, a seller that originally sold high school tutoring for $5.00 per 30 minutes would now be given the option to provide more time for a higher price. For this to be done for those that don't have extra options, the seller needs to sell multiple gigs, which has also become a prominent way in how deals are made.

Fiverr doesn't allow buyers and sellers to compose business deals outside of their service; if sellers provide their e-mail addresses, IM usernames, or other personal contact details (other than their name), they are violating Fiverr's terms of service agreement.

A lot of this reasoning has Fiverr making $1.00 per sale, a 20% commission for every gig sold, however they also want to protect users' privacy too.

Fiverr also takes advantage of a great feedback system. For every gig that's sold and completed, buyers may comment and provide a thumbs up to the seller for their stellar work, or a thumbs down for work that wasn't delivered on time or completed as they stated; sellers may also rate buyers too. If enough feedback is given, this typically increases a seller's chance to sell more gigs.

Talking about the competitive edge of people doing things that normally cost more money for a cheaper price, Fiverr is still a great way to get your foot in the door with potential clients. If you work on a customer's logo, or perhaps you are a voice over artist working on a commercial for someone, you are trying to shape a future relationship with that client to receive more work. First impressions are important, and this is very true in how Fiverr's infrastructure operates.

Fiverr may prohibit sellers from initiating deals on the outside while using their personal messaging system; however it is very easy to contact sellers in other ways. Fiverr knows they can't perfectly prevent buyers and sellers from talking outside of their messaging system, however getting your foot in the door using the system is imperative.

To try the service out, be sure to visit www.fiverr.com and sign up! I am sufficiently sure that most of you will be hooked, as I know I am! It is also an extraordinary way to make a bit of money on the side, or even for a living in some sellers' cases!