There are dozens of sites popping up for people who want to buy and sell minigigs online and the newest contender is Eighterr.com. You’re probably already familiar with sites like Fiverr and Fourer where, oddly enough, minigigs cost $5 and $4 respectively. And yes, you’re safe in assuming that minigigs at Eighterr.com cost $8. But even at $8 that’s a pretty low price. How is anybody making money selling these cheap minigigs online?
Let’s take a look at the sellers first. Some sellers are only in it for pocket change but serious sellers are discovering the benefits of using these minigig sites to build their business.
Sites like Eighterr.com handle their own promotion so you automatically have traffic coming in to see your gigs. And it’s not like the other freelancing sites where you have to compete with other providers. The buyers see your gig and they either buy it or they don’t. There is no negotiation of prices – it’s $8, take it or leave it.
A smart seller looking to use Eighterr.com to build his business will create 2 types of gigs. The first will be minigigs that be completed quickly and with very little effort – because there’s very little profit to be made on an $8 sale. The second might be a gig that he’d normally charge more than $8 for but it’s a great way to attract some new business.
A smart seller will also have more to offer than these little $8 minigigs and he’ll include an upsell offer when he delivers his gig. Think of these little minigigs online as a way to get samples of your work into the hands of a tightly targeted audience. And when you deliver you need to let them see what you really have to offer.
Buyers can use these sites to their advantage, too. They’re a great resource for outsourcing some of your more tedious tasks, such as article writing or blog commenting or Tweeting. And you’d be surprised at some of the talent you’ll find on these sites. Never assume that just because someone is willing to work for $8 they must be an inexperienced idiot. Some of these smart sellers are making thousands of dollars a month.
The only real downside to these sites is that the site keeps a portion of each sale. On Fiverr.com the site owners keep $1 from each $5 gig, which means the seller only actually makes $4 per gig. The owners of Eighterr.com however understand that to be knows as an authority site they need to attract top-quality sellers. To that end, they also only keep $1 per sale. But since the sale is $8 total, that means the seller is making $7 per sale at Eighterr.com.
There are a lot of buys and sellers both making lots of money with these minigigs online. The key is to make sure you can complete the transaction fast enough to make it worth your while and profitable.