Would you suggest using Promoted Gigs feature? Is it profitable for sellers?

[logodesign061]

On 6/30/2022 at 12:16 AM, wpazim said:

Yes, promoted gig feature help you to get more order.  

Can you share with me what was your daily budget on promoted gig?

[strategist_ceo]

33 minutes ago, logodesign061 said:

Can you share with me what was your daily budget on promoted gig?

My daily budget was $30 but it has never exceed $8 (daily).

[seo_surgeon]

According to this forum, the profits are high enough that it would be worthwhile to attempt. Turning it off is always an option if it doesn't work out. To find out if anything works, you have to try.

Listen to my experience; the "Promoted GIG" feature benefits sellers. You can earn more than ten times your investment.

If your GIG meets the above criteria, the "Promoted GIG" features will benefit you.

Thank you very much!
seo_surgeon

[blazegoldburst]

1 hour ago, seo_surgeon said:

According to this forum, the profits are high enough that it would be worthwhile to attempt. Turning it off is always an option if it doesn't work out. To find out if anything works, you have to try.

Listen to my experience; the "Promoted GIG" feature benefits sellers. You can earn more than ten times your investment.

If your GIG meets the above criteria, the "Promoted GIG" features will benefit you.

Thank you very much!
seo_surgeon

How many of your gigs are eligible to use for promoted gigs?

[animate2dvideo]

On 6/22/2022 at 2:39 PM, abdheshkjha said:

Yes, Promoted Gigs feature can help sellers get more exposure and it is profitable to them.

Will you suggest one waits for 30 days? I have promoted it for the past 7 days and I am yet to get more than 41 impressions. 

[neondr95]

The promoted gig is a bonus.
This feature is not yet available to everyone. So those who have got this feature should take advantage of it.
What's wrong with getting $555 order for just $45 alongside with the regular order?
It's extra. Right? 
Sometimes the result is twice or three times.
So, you should also take advantage of it. 

[strategist_ceo]

The most important thing to acknowledge is your ability to convey trustworthiness and reliability in order to make the potential buyer feel confident in purchasing your gig.

Many sellers are non-native English speakers trying to communicate with native English speakers. The good, better-paying customers are usually more picky about this. If your gig's average selling price is low, it will be a risky investment. Remember that 20% of the revenue will be deducted for commission, and additional advertising costs will apply to your promoted gig.

When you feel confident to try, do so with caution. After a week or two, you will know if the strategy is working for you; if so, increase your budget or continue with the strategy; if not, withdraw.

[blazegoldburst]

On 7/11/2022 at 5:36 AM, animate2dvideo said:

Will you suggest one waits for 30 days? I have promoted it for the past 7 days and I am yet to get more than 41 impressions. 

Did you get any orders?

On 7/15/2022 at 5:42 AM, strategist_ceo said:

The most important thing to acknowledge is your ability to convey trustworthiness and reliability in order to make the potential buyer feel confident in purchasing your gig.

Many sellers are non-native English speakers trying to communicate with native English speakers. The good, better-paying customers are usually more picky about this. If your gig's average selling price is low, it will be a risky investment. Remember that 20% of the revenue will be deducted for commission, and additional advertising costs will apply to your promoted gig.

When you feel confident to try, do so with caution. After a week or two, you will know if the strategy is working for you; if so, increase your budget or continue with the strategy; if not, withdraw.

How was your experience? Did it bring you more orders?

[strategist_ceo]

2 minutes ago, blazegoldburst said:

How was your experience? Did it bring you more orders?

I find that, on average, $1 worth of promoted gigs brings in $10. However, $10 - 20% (commission) - $1 = $7.

I was charging a lower price point for this ROI. However, many non-native English sellers were selling at a lower price, so I imagine their profit margin is approximately between 4-6% (When I spoke to one of the sellers I purchased services from, we discussed this.

He earns $5 in revenue for every $1 he spends on advertising; however, considering the time involved, he says he is making a loss. But it is difficult times and so he hangs on.