Is It Time to Set Up Your Own Fiverr Business

Could it be the perfect time to set up your own Fiverr business? Plenty of people are using the site to make money online. Some make a full-time living, while most others just make a nice side income to afford their luxuries.

Before you start, you need to make sure you have the right mindset for this type of work. It certainly isn’t as easy as many people will have you believe.

Here are four signs it’s time to set up  your own Fiverr business.

You Want and Can Be Your Own Boss

Do you want to be your own boss? This sounds great at first, but that means motivating yourself, giving yourself orders and running the operations of the business.

Not everyone has the skills to do this. Some people prefer to have someone else give them instructions for the day. Some prefer to have that stable income that comes from employment.

There’s a Market for Your Skill

Look through the list of gigs already available on Fiverr. Look through the different categories and search for keywords that like to your particular skill. Is there a market for that?

Fiverr is so old now that there are millions of gigs. Unfortunately that can mean no room for you. That doesn’t mean it isn’t time to set up your own business. Just maybe not on Fiverr.

You could make money doing a lot of fun and interesting things through Fiverr. Think about the quirky things you can do for $5.

There Is Time in Your Day

Do you even have the time for a Fiverr business? While you can set your own delivery times up to a maximum of 29 days, you still need time to work on each gig as they come through and answer the messages. Not everyone has the time for this.

Think about all your other commitments. Think about your current job, if you have one, and your family/social life. If you wonder where you’d fit in your projects, setting up your Fiverr business may not be the right thing right now.

You’re Ready to Handle Your Finances

You have to deal with all your own finances. You’ll need to know about the expenses you can deduct from your pay, and filling out all the paperwork for taxes.

Are you ready to do something like that? Not everyone wants to bother with all that, when their employer deals with the majority of it on a daily basis.

You don’t get any help from Fiverr when it comes to your finances. The company just puts the money you make into your account, and then you withdraw it.

Is it time to set up your own Fiverr business? For some, it certainly is. For others, you may want to wait until you have more time on your hands. It’s a personal choice.

When did you decide it was time to set up your own Fiverr business? Are you still looking for signs that it might be time? Share your stories in the comments below.