What would you do for $5, $10, $20, $50, $100?
Making Extra Cash
by Nathalia Aryani
19 Ways to Raise Quick Cash
Side Gigs that Can Earn You Extra Cash
Could You Earn $50 While Junior Naps?
We all could use a little extra cash from time to time. With skyrocketing unemployment, the recession economy has created a new marketplace where people are buying and selling services for $5 flat per "gig." Gone are the days of astronomical rates and tedious bids, at least for simple projects.
Fiverr, founded in February 2010, is the pioneer in this market. You may be an expert at something or willing to do certain things that others can't or won't. You may be looking for a service on the cheap. If you own a business, you may be looking to outsource a task or upsell a service.
Here's how it works. You create a seller account, profile, and gig. When someone orders your gig, he or she will pay $5 when the project is completed. Fiverr takes a clean cut of $1 per payment received. Paypal charges a nominal service fee when you withdraw your money. If you do a good gig, buyers can post positive feedback, which will boost your rating as a seller just like eBay.
Take a look at these smart, creative, fun, quirky, crazy, silly, interesting offerings:
- Carve a message on the sand
- Craft an ebook cover
- Create a Youtube video
- Design a logo
- Develop a slogan
- Do a voiceover
- Draw a cartoon
- Invite Facebook friends or tweet a message
- Read a tarot card
- Send a postcard
- Set up a blog
- Sing a song
- Text to a cellphone
- Translate a foreign language
- Write an article
On the other side, Fiverr has its own critics. There are professionals who oppose the concept of micro job sites and believe that their services are worth far more than a mere five bucks. What do you think? Have you purchased or sold a gig?
The inception of Fiverr has brought on competitors, but with a tweak. These alternative sites set the rates at $5, $10, $15, $20, $25, $50, and $100 to allow for more opportunities and flexibility. There are even those that use odd increments, such as $3, $5, $7; $4, $9, $19; $8, $16, and $24. And there are sites that have affiliate programs. They don't have the volume of traffic, number of jobs posted, or brand name recognition that Fiverr has, but are gaining popularity.
Check out these potentially money-making (or saving) sites:
Nathalia Aryani is a business manager, foreign language translator, lifestyle/travel writer and film columnist. © Nathalia Aryani.
Take the Next Step:
- Discover additional ways to earn some extra cash.
- Find telecommuting and other great jobs such as part-time and freelance work at Flexjobs.com. Because life is flexible. Is your job?
- Stop struggling to get ahead financially. Subscribe to our free weekly Surviving Tough Times newsletter aimed at helping you 'live better...for less'. Each issue features great ways to help you stretch your dollars and make the most of your resources. Subscribers get a copy of Are You Heading for Debt Trouble? A Simple Checklist And What You Can Do About It for FREE!
Share your thoughts about this article with the editor.
More Money Tips & Tools
- Why smart people are poor
- Understanding mortgage APR and interest rate
- Do I need a stockbroker or a financial planner?
- Saving-money secrets of the rich and frugal
- 5 low-risk ways to earn higher interest now
- How to save money fast
- 7 IRA withdrawals that don't trigger a penalty
- This week's Readers' Tips