Product Name: Fiverr Factory
Product Owner: Jay Boyer
Advertised Price: $9.95
What is it?
Fiverr Factory is twelve-part video course that teaches one method of making money on Fiverr selling product-based gigs, instead of service-based gigs like most sellers do.
If you’re not familiar, Fiverr people buy and sell five dollar “gigs”.
Fiverr Factory can’t help you build a real business online. In fact, the things it can teach you are quite limited in terms of profit and growth. If you’re interested in trading things for five bucks then this might be helpful to you, but so would a minimum wage job, say at a factory. At least with the job there is a bit of security though.
Before You Buy
There is an upgraded version of this product that comes with more than just information.
Fiverr Factory Elite
Fiverr Factory Elite is a packaged upsell that comes with a few additional things. Their big selling point though, is the “Fiverr Clone” website, which will supposedly allow you to build your own fiverr-style website.
You also get a few training videos that show you how to setup the site software and a list of the most popular gigs on Fiverr. You’re supposed to use that list to offer those same services on your new site.
This idea isn’t something new. People have been trying to build and seel the idea of a “Fiverr Clone” since Fiverr started. Ever heard of Fourer? To my knowledge none of them have had any success. All of this comes at an additional cost of $97.
What I Liked
There are a couple things that I found I liked about Fiverr Factory.
One thing I really liked about this product was the way the information is delivered. When you get the login details you’re taken to a members are that looks clean and simple, which I like because it makes everything easy to find.
The course is made up of twelve videos, ranging in length from about ten to fifteen minutes each. Instead of putting each video on its own separate page, which can be time-consuming, they put them all on one page, so that all you have to do is scroll down and click when you’re ready to watch the next video.
Additionally, the videos were easy to follow along with and they were quality recordings. The videos Jay created are screen recordings which means you get an over-the-shoulder view into each and every step he takes.
Obviously this type of recording has a lot more benefits than say, a power point video where you’re just staring at a slide presentation, listening to someone ramble on about something you can’t see.
There are a lot of different types of support, and varying degrees of it. Too often I see products that offer technical support only, which means you only get help if you’re having trouble with something technical like downloading or viewing the information.
Technical support can’t and won’t help you when you have questions about strategy, implementation or anything like that.
I was happy to see that Jay offers support beyond the typical “technical support”.
When you’re logged into Fiverr Factory there’s a support page with an actual form where you can ask your questions and email them to their support team. However, I have no idea how responsive they are (it’s been less than 24 hours since I emailed them).
I still don’t think this is the best type of support, especially for beginners but it’s better than most products.
If you’ve read any of my other reviews you know that I’m big on communities and members helping members. Fiverr Factory doesn’t offer that but it’s good to know there’s a little extra help available if you need it.
What I Didn't Like
There are a couple things I really don’t like about Fiverr Factory. These things are quite significant and it’s important you understand them before moving forward and purchasing the product (which I don’t suggest).
Fiverr has been in business for years. They have survived and even thrived by offering service-based gigs. You can go to Fiverr and look for yourself — you just won’t see that many product-based gigs and there’s a reason for that; people don’t go to Fiverr looking for products, they go looking for a task to be completed.
In theory it sounds like a great idea to write a simple ebook or create a tutorial video and sell it on Fiverr, but in reality it’s just not going to sell that well, if at all. There are some products available, but they usually cost more than $5 due to shipping costs and time need to make stuff. What can you make in under 60 minutes (means you are making $5/hour, minus fees)?
In my opinion, for products, Etsy is a more popular website.
Fiverr is designed to sell services. That’s how they have stayed in business so long and they aren’t going to change that anytime soon. They by advertising, develop marketing campaigns to attract folks that need someone to do something for them. By trying to offer a product you’re going against the grain and the entire Fiverr ‘ecosystem’, the deck is stacked against you.
Undervaluing Your Work
Selling gigs on Fiverr is not a real business plan. You can make some money there, and a lot of new freelancers start their journey on Fiverr, selling things like article writing, logo design and even audio and video work. But there are a number of problems with this:
You’re selling things in five dollar increments, which is really undervaluing your work.
Businesses have a direct relationship with their customers. That means they also have their customer’s email addresses, phone numbers, payment information, etc. If you don’t have that, then the person you’re selling to is not your customer, they are Fiverr’s customer. This limits your ability to grow and scale your business, permanently making you a “$5 per (fill in the time period worker”.
Considering that your margins are already so low, it's pretty impossible to outsource any work either, meaning you are just creating a job for yourself, not a real business.
If you want to spend your day churning out cheap projects, then maybe this product is for you. If you want to build a larger, more profitable, long term business, then I'd start somewhere else.
There are plenty of ways to make money online, but I’ve always found affiliate marketing to be the easiest to understand, and the cheapest to get started in. An $11 domain is all you need to get started. You can learn how to do what I do here.