Does anyone else think the Fiverr minimum price of $5 is too low?

[ctmutale]

There are 3 primary players on Fiverr:

1. Fiverr
2. Customer
3. Seller

I think the first two benefit more from the minimum price of $5 than the Seller. Perhaps a minimum price of $20 might be good for all.

[rokonuzzaman71]

I think so

[rahetkhan7174]

14 minutes ago, ctmutale said:

There are 3 primary players on Fiverr:

1. Fiverr
2. Customer
3. Seller

I think the first two benefit more from the minimum price of $5 than the Seller. Perhaps a minimum price of $20 might be good for all.

This is good think.

Thanks

[abdulla23759]

I don't think so because there are some services which are still worth 5$ so you are ruining their business?

[ligiacarvalho]

The minimum price is set to avoid people abusing the system. This does not mean you have to sell at this price. Personally I started way above that. 

[catwriter]

$5 isn't too low if it's something you can do in 5-15 minutes, as Fiverr recommends for $5 gigs.

Keep in mind that it's no longer mandatory to offer something for $5; you can charge as much as you feel your service is worth.

[helloscoopz]

How did you define that Fiverr benefit more from $5 orders? Their commission will be 20% from an order so as long as a gig sells for its highest value possible they'll gain more $ out of it. 🤷‍♂️

The customer will also not get any benefit out of it, because if you buy a gig for $5, and if the real value of that work is $30 or something, you'll probably get a crappy service out of it. So $5 option is there to do some quick/easy tasks. As initially Fiverr was introduced with only $5 option, I don't think anything wrong keeping it. 

Making $20 the minimum doesn't make any sense. how can you charge $20 for a task that takes maybe few minutes to complete?

Edited July 4, 2021 by helloscoopz