Fiverr: the Global Marketplace

Written by Phin Upham

Fiverr is a fairly new website, founded in 2009, but it has become the hot spot for rapid-fire freelance work. Crunchbase is quoted as saying that Fiverr is “one of the world’s largest online marketplaces for services.”

The company was started by Micha Kaufman and Shai Wininger. They wanted an alternative to the 9 hour work day, feeling that sustained productivity was not the only way to earn income. Fiverr was registered and launched in 2010 with the intention of letting people sell their services for $5. This makes all of the site’s services affordable for anyone around the world, and it opens up a global opportunity for freelancers to make first contact with clients.

What makes Fiverr different from other websites of the same nature is that all services are set at the $5 price tag. It’s up to the seller to decide what is offered for that cost, but that price tag has remained the site’s competitive advantage have a peek at these guys. You don’t need to haggle as the buyer, you just browse for someone who fits the qualifications you’re looking for and offers the services you need.

By 2012, the site boasted 1.3 million jobs, or what it called “Gigs.” It is currently ranked among the top 100 most popular websites in the United States, and in the top 150 for the world. Fiverr has managed to secure $20 million in funding to help boost its growth, and has released apps for both Android and iPhone.

Phin Upham is an investor from NYC and SF. You may contact Phin on his Twitter page.