If you have already made a significant income on Fiverr, you are maybe interested in some tips where to invest money earned from Fiverr. Of course, our options are limited by income dedicated for investments. It is nice to know that you can start with investments from as low as one hundred dollars. I am not going to speculate here with large numbers since it is not the thing I am interested in just now. Just assume that we’ve earned some decent income on Fiverr and we do not want to spend it in a pub.
So where to invest money earned from Fiverr?
This list is not going to be absolutely unique and full of never-tried ideas, so feel free to skip some parts if you are already familiar with them.
1. Fiverr Economy
Sending some money back to Fiverr economy is just good investment because you can get some work done while working on your business, not in business and save your time. For example I prefer sometimes to get a ghostwriter to write something I think that is missing on my blog, which is continuously in development and I am really not satisfied about quantity of the content – the site is pretty fresh and thus I need to gain more content to compete for organic traffic – articles are long-term investment, especially the evergreen ones. There are some really fantastic writers! If you already have enrolled onine presence and you are looking for some promotion, you should consider to get some YouTube videos, because there is no longer excuse to ignore video marketing.
2. Intangible Goods
This is my very favorite one, even when I am just on the beginning. Intangible products give you one killer feature – nearly passive income. You can redistribute work which has been done only once and generate significant income. Successful sellers like authors of The 7 Dream Theme are making millions of dollars on their intangible product. Sure, they have already invested large amounts into its development and actually development of intangible product can last weeks, months or even years, but it is an excellent example of intangible product. You can start with something much more easier with short term enrollment such like graphic elements, ebooks, scripts, sounds, photos and so on. All of them can be prepared by fiverr sellers. Then you can sell these products on digital stores, I especially prefer Envato Stores.
The biggest advance is that you actually do not have to sell your labour and time, but pure value. Such sale gives you an opportunity to sell for competetive prices, use saved time to work on business and simply go forward and achieve your plans.
3. Turnkey Business
Actually you can start your own business from as low as $500. This amount is not very hard to earn on Fiverr but definitely can improve your Fiverr Sales, provide more values to your current clients and – build your own point of sale. What a great start of your own businessmen career! Of course there are several issues you can experience which compete with main advantage of this investment – quick turnover and time-saver.
- Do not buy first turnkey business you will see
- Do not trust scamillionaires and instant income formulas – they can make you money, yes, but by selling the promise to your
- Good turnkey business costs something, do not trust the promises of “UNIQUE OFFERS ONLY FOR YOU AND ONLY TODAY”
- You will experience higher competition than if youve had developed your own unique solution based on market gap
With turnkey business, you can launch your own hosting company , video production company, mobile apps provider and many other opportunities. I will share here names of these companies who offer reseller programs, but you can easily google it!
4. Developer licenses
From personal experience, every online independent contractor can tell you that developer licenses are simply the easiest way how to boost your value. Within these costs you receive months and years of development, large portions of know-how and skills. Same like turnkey businesses, developer licenses provide you with more opportunities how to make your customer happy and enlarge your target audience. Especially if you are interested in website development process, you can find tons of useful intangible products and online services which can look really attractive to your eyes.
- Squirrly Live Assistant is great way how to help your clients prepare well-optimized content inside their WordPress Sites
- For example photographs can be purchased in multilicense so you can use them multiple times (and save on multiple use)
5. Invest in Yourself
This part can be as enjoyable as all previous if you will not just waste the money. How you can invest in yourself?
- Improve your workspace and living space – LED lamp, chair, flowers!
- Buy more quality and healthy food, save for trips to relax (good ideas comes in during trips!)
- Buy new technology – your mouse is overused? Your device is too slow? You have only one small display?
- Try and buy Panax Ginseng TCM LIAM 6 Years old, prepare a tea and see the wonders! This is absolute winner for your productivity (with some other pleasant effects on your body, mind and your intimate life). This is absolutely worth if investment and you will be glad of your purchase.
- Invest reasonable value in your significant others. You can not be alone and money are good way how to enjoy some fun together with other people.
6. Invest in Cause or Community
Your customers are no longer looking only for a price.
Give Back, Give Forward and Do Good. This investment will make much more that you can expect. It will not only make you happy, but it also will make happy a lot of other people. If you want to get a smile, you should give a smile.
NO, it is not bad to inspire other people to do the same as you. Show it and they will follow. Invest in future of our planet => Make planet better place to live for your children. Act now!