Fiverr and Upwork Explained

What is Fiverr?

Fiverr is an online marketplace offering different services provided by freelancers around the world. It’s named “Fiverr” because in its early day, most gigs cost only five dollars.

How it works:

• Freelancers can create a profile detailing their skills and services they offer.
• Clients can search by category or keyword to find a freelancer that matches their project needs.
• After hiring, the clients pay the base price stated for the service and freelancers deliver the work according to the specific timeline.
• On successful completion of the work, Fiverr takes out a small commission from the payment.

What is Upwork?

Upwork, like Fiverr, is also an online platform connecting freelancers and clients. However, unlike Fiverr, Upwork allows freelancers to bid on the projects that clients post.

How it works:

• Freelancers create a profile that showcases their skills, portfolio, and rates.
• Clients post projects they need completed, including a budget range.
• Freelancers can then propose their services to these posted projects, providing their proposed cost and timeline to complete the work.
• Once the client accepts the proposal, they deposit funds into an escrow account and the freelancer starts working on the project.
• After completion, funds are released to the freelancer and Upwork takes a commission varying on the amount billed to the clients.

Note:
Both platforms have their individual advantages and are aimed at connecting freelancers with potential clients. However, it’s important you review each platform’s rules and regulations, fee structures, and dispute resolution procedures before you begin. Choose your platform based on what suits your skillsets and working style the best.