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With the high cost of living in Singapore (and many parts of the world), Singaporeans are constantly on the lookout for simple, efficient, and effective ways to supplement their income. A few months back I started using Fiverr to answer this question.
Today, I have “officially” completed, in my own assessment, one complete cycle of selling on Fiverr. I created an account, started selling, delivered my digital service, and when I reached a decent sum of USD168, I cashed out. After paying Fiverr, Paypal, and exchange charges, I earned a sum of SGD219.24. Using a quick online conversion, at today’s exchange rate, USD168 gave us SGD228.30. Thus, fees charged to get paid cost me SGD9.06.
Based on Fiverr’s commission of 20%, I generated revenue of USD210 (SGD285.37) and collected SGD219.24. The cost of doing business via Fiverr thus works out to approximately 23%. This is seriously not a bad business cost as Fiverr provides you the platform as well as the marketing channel to secure the gig.
So to answer my first question, Fiverr IS a good platform for Singaporeans to earn a part-time income.
The second question that I asked is whether Fiverr is able to provide sufficient part-time income? This is honestly a rather difficult question to answer as it will depend on the target the individual sets for himself. For…
