Fiverr is ‘the world’s biggest marketplace for small services.’ It is the place where buyers looking for graphic design, video, writing, and other services go to buy from eager service providers from all corners of the world. All for $5 a pop. Not a bad deal-especially for up and coming online businesses and entrepreneurs who are just starting out. Whether your capital resources are tight or you just want to watch your costs, Fiverr offers great value. However, did you know that you can make a lot of money from Fiverr? Yes, you can-through contests.
The concept is simple: you build a site where online business owners can go to hold contests for their businesses. From logo design to header design to even sales copy text or blogging contests and linkbuilding contests, many people would rather hold contests to find the best option instead of using freelance sites. You make money by buying services of Fiverr and using these to enter contests held on your own platform. These can be in the form of ‘house accounts.’ The end result is that you might win a contest for a $200 logo when you just spent $5 off Fiverr. Not a bad return on investment, no? Follow the steps below to make money off Fiverr via a contest site.
Step 1: Use your hostgator coupon to get a server for your contest site
Save money on the future home of your contest site by using a hostgator coupon. Your hostgator coupon code 2013 can help you save a pretty penny off your site hosting fees. Use your coupon to get your box or hosting account set up.
Step 2: Get a domain that captures the essence of your contest site
Find an easy to remember name for your contest site. Make sure that it isn’t so narrow that it rules out a wide range of contest holders. For example, don’t just focus on graphic design contests since you might get contest holders that want a writing or promotions contest. If you are having a tough time, try Nameboy.com for some quick naming ideas. Find a domain registration coupon so you can save a chunk of cash off your domain name registration.
Step 3: Get Vbulletin and set up your contest forum
You can set up your contest site with custom software with all the bells and whistles that make for a smooth contest experience. Sadly, this will cost you a pretty penny so you might want to hold off on that grand vision later once your contest site has made money. In the meantime, just get a battle-tested forum script like Vbulletin or something similar. A forum format is best for contests since you get a lot of control while giving a lot of leeway to your site members. Get Vbulletin set up and customized. You might need to hire a programmer off a freelance site to customize the look and feel of your contest site.
Step 4: Publicize, Publicize, Publicize
Now comes the real work-promotions. You need to get the word out about your contest site. It is crucial that you promote to would be contest holders. Since you control the contest participant accounts, you need to find contest holders. You can find site owners by finding marketing blogs, marketing forums, web developer forums, and other places where website developers and owners hang out online. Your main value proposition should be that in a contest format, they only pay if they like the work and pick out a ‘winner.’ Keep in mind that this is all a numbers game. Don’t expect a winner in every contest. But since you own the platform, you have more chances of winning.
Set a minimum award for contest holders that is several times more than your $5 cost. For example, set a $50 minimum contest prize. This offsets your costs just in case the contest holders doesn’t pick a winner. Alternatively, you can open the contest to other participants and charging them a fee off their winnings. This way, you win if your house accounts win the contest or if someone else does. The key is to try and win regardless of how contests go.