Fivers World is a micro-contracting site for the buying and selling of services that are not worth seeking out a contractor for on a site like oDesk. The most famous site in the micro-contracting space is fivver, and there are dozens of other similar sites offering gigs from the weird to the practical.
Fivers World is particularly interesting to the passive income enthusiast because it has distinguished itself in several ways from fiverr and other clones:
Range of Prices
Like other micro-contracting sites, Fivers World simplifies the process of micro-contracting by eliminating the negotiation stage. The seller sets the price and the buyer selects the service. Fivers World offers a range of prices – $5, $10, $15, $20, and $25 which gives the marketplace a much wider range of possible gigs. Face it, you just can’t provide a lot of value for just $5 less site fees of 20% and Paypal fees.
Referral Program
To encourage additional traffic, the site has a referral program that pays 5% of what referred sellers make. I love passive income, so while no one is going to get rich on 5% of $5, the referral program will encourage bloggers to promote the site. They also make it easy to invite your friends to Fiver World using your referrer link with a address book import tool.
Digital Download Friendly
While other micro-contracting sites are often platforms for selling digital products, Fivers World takes it a step further by allowing sellers to upload there ebook or other digital file to the site. When someone orders the product, the site simply delivers the file immediately. No further action is required on the seller’s part. While there are other platforms that do something similar (like ejunkie) the ease of use and marketplace platform of Fiver World make this a fantastic little passive income opportunity.
Set up your digital product on Fivers World and forget it (or promote it if you want to earn more). Either way, it becomes a hands off passive income source for you.
Fast Payout
Fiver World frees up your cash after 2 days, compared to 14 days at Fiverr. To minimize Paypal fees you want to accumulate your earnings into a larger amount, but the ability to get out all your money quickly is pretty useful.
Ease of Use
The site runs very much like Fiverr with a similar look and feel. Ease of use is really part of the design. If you have an idea for a gig you can be up and running in minutes on Fivers World.
There are many possible gigs, from the silly (I will write your message on my lips) to the useful (I will write you an article). Good luck!
{ 1 comment… read it below or add one }
hey JadeDragon
Usually I do not learn article on blogs, however I would like to say that this write-up very forced me to try and do it! Your writing taste has been surprised me. Thank you, very nice article.