Fiverr stylized as fiverr, is a social marketplace website that facilitates buying and selling of services from other users for US$5.

Mode of operation

Users can post services that they are talented at for free. Tasks performed range from funny and bizarre such as the burning of a small effigy of the buyer's enemy, to practical tasks like checking for errors on a personal website.

The website was created to facilitate offering small tasks that would be too menial to solicite a contractor for.

Fiverr chose to omit price negotiation from the site to keep transactions simple. It was determined that $5 would be the optimum price.

Fiverr is now being used as a place to make a bit extra money. For some people, Fiverr makes them less than $100 each month. For others, Fiverr is where they make thousands of dollars more than their regular salary by offering an easy service that requires no unique skills.

Over the last 6 months, Fiverr has introduced "Top-Rated Sellers" for some of its users, giving them the option to add "Extras" to their respective gigs. This allows the seller to add different features to the original gig (at an extra charge).

Fiverr has also introduced the "Express" option, which shows gigs that are delivered within 24 hours (or less). This effectively allows buyers to jump the queue.

History

The website was founded by Israeli Internet entrepreneurs Micha Kaufman and Shai Wininger. The founders of Fiverr realized that 9 to 5 was no longer the obvious career choice for everyone. In a world where working with freelancers; outsourcing projects and working off-site seems natural, people needed a new way to achieve financial independence on their own terms. It was also clear that while most people have skills others can benefit from, people did not have a place to monetize those skills. This led to the creation of Fiverr. The website was launched on February 2010 and a year after it is hosting more than 500,000 gigs.