At Fiverr.com, people can advertise any goods or services (services more often than not) that they are willing to provide for the nominal price of $5.
Some such services include art lessons, web promotion, graphic design, song writing and body language secrets. Much like eBay, the transactions are regulated by credit card or PayPal.
The images here are all photo ads among the 1600+ current listings.
Implications - The Internet is the newest marketplace where ordinary individuals, as well as store owners, designers, artists and virtually anyone can buy and sell goods and services. The Internet has changed the face of consumption, as websites that offer trading, auction and sales services continue to emerge and expand every day.
Why This Trend Is Growing
- Online Gig Economy
- The rise of platforms like Fiverr.com showcases the growing trend of individuals offering specialized services online for a nominal price.
- Micro Jobs
- The popularity of Fiverr.com highlights the trend of people offering small tasks and services at affordable prices.
- Crowdsourced Services
- Fiverr.com exemplifies the trend of tapping into a global community to fulfill various needs and requests.
Industries Being Reshaped
- Freelance Services
- The freelance industry can leverage the Fiverr.com model to explore new ways of connecting clients with specialized service providers at a low cost.
- Online Marketplace
- Fiverr.com represents the potential for online marketplaces to offer a wide range of affordable services that cater to specific customer needs.
- Ecommerce
- The eCommerce sector can learn from Fiverr.com's success in creating a platform where individuals can easily buy and sell services in a convenient and affordable manner.
