Raising Prices Can Help You

[psychicbunny]

I added packages to 3 of my Gigs and I am very happy. Hope my sales increase more soon!

[Guest gammelinc]

This is very helpful. I raised all of my gig prices last month just to see what the response would be like, and I’m happy to say that I’ve doubled my income.

At first, I was kicking myself thinking, ‘why didn’t I do this sooner?’ Then I remembered that the only reason this worked was because I had enough great customers who trusted me and loved my work – business growth is a process. I’m making more money but my daily sales aren’t very high. That’s my next challenge 🙂

Well done on your success!

[zubairfb]

Rehmat laal, these patches do come, Stay focussed you will get orders… Keep using buyers request wisely brother…

[amitkaria]

Such an interesting forum post …by this i cud also make out different experiences of various sellers …thanks fastcopywriter …

[zubairfb]

Very risky at this point for me… I am new here, I guess I need to develop some clients first… Newbies Cannot take risk unless they cannot handle bulk orders… With the passage of time, I however increased delivery time…

[mariokluser]

Actually ‘orders in queue’ doesn’t say that much. I inform my buyers about the fact that I have a lot of work from private clients outside the platform and therefore have to schedule order that come from Fiverr accordingly.
Even if I have zero orders in queue doesn’t mean that I’m available. I have daily orders from the ‘outside world’.
I also mention that I handle longer delivery times, due to the same fact. But in reality I use to deliver in a fraction of that time. It’s just to have a buffer if unforeseen things happen, like getting hit by a truck.
I raise the prices according to the demand and never had to lower them. There are more reasons for this, as I mentioned in other threats. You mentioned some of them yourself in your comments above.

[mariokluser]

I agree on that. As stated earlier, the delivery time does not have necessarily to do with the type of gig, but just with a !@#$-load of orders you might have. Even if your gig is painting a dot on a sheet of paper, if you have tons of orders for this your delivery time will be longer.

[mariokluser]

It’s not that risky because it is not a one-way-road. You can try it for a week or two and when you get not orders, you can just go back to your old prices.

[fastcopywriter]

Yeah, I gave up writing articles because it was taking me 30 minutes, sometimes an hour.

[fastcopywriter]

Thanks. People can try it for a week and see how they do.

[fastcopywriter]

Right, I have a gig for restaurant brand names that hasn’t gotten a single order, that’s why I’m offering 10 for $5. After I get 10 reviews, I will go 5 for $5. It will be a while before I do 5 for $10.

But gigs that have a ton of reviews, I think we can charge more.

[fastcopywriter]

I think your packages are offering too many things. When I bought a logo for my offline vending machine business, I just needed the logo. If I need PNG (transparent), Source file, more than one revision, Vector File, Letterhead, that’s what your gig extras are for.

Your packages can be something like this:
$5 Basic- 1 logo
$10 Standard: 2 logos
$15 Premium: 3 logos

This way your buyers will think, “If I can afford $5, I can afford $10.”

But if you want them to go from $5 to $20 in one jump, that’s too high even for people that can afford it.

Think of those airlines with really low rates that charge you to check luggage, for every drink, for the meal, etc. It makes them great money.

[fastcopywriter]

I see you your Basic package offers 5 brand names for $5. But then you charge $15 for 10, and then $40 for 20. I’m bad at math, and yet I realize that if I hire your basic gig 4 times, I’ll be getting 20 brand names for $20. So why should I order the $40 package?

Also, your gig isn’t express delivery, 24/hour delivery costs $5.

Prices need to be logical. $5, $10, $15 or $10, $15, $20.

[Guest uxreview]

I agree that 19 days is not always a long waiting time, especially if you are ordering multiple articles at once. I didn’t consider that option (newbie mistake).
I suppose it depends on the content type and purpose. For example, if a client needs a press release or a blog post on a trending topic, then I’m sure some clients will find even 10 days too long. They don’t want to wait several weeks for an article, that might not meet their expectations. However, if a client needs 10 articles in advance for their blog and they will publish those over time, then even 30 days is nothing.

The reason why I’m so curious about this topic is because just recently I needed few articles myself. When I looked at the top sellers then some of them had either long delivery times or had a lot of orders in the queue. So I went with a level 1 seller, who didn’t have anything in their queue and promised 72h delivery.
That got me thinking, if top sellers would just raise their price a little, they would probably have fewer orders in the queue, shorter delivery times and hopefully still make the same revenue. Then again it might impact quality because topic research takes time.

As Mario explained above, the number of orders in the queue doesn’t necessarily mean that seller can’t deliver, but I don’t think I’m the only one who takes a pass on sellers with a lot of orders in the queue because they don’t know any better.

[stellar_pro]

Great advice thanks

[umerkhayam128]

You’re right about the math part, thanks for noticing i will change it soon. I said i did change it to 24 hour delivery in past and yet it did not yield anything. My gig used to get like no traffic but after putting on a video it does get some traffic but has had limited effects on number of orders. Like 70% of my sales come from buyer requests.

[joseph_joe]

hey guys, i’m new here…i came to offer my great editing and writing skills, please contact me for you jobs…and based on the top, that’s a wonderful advice from you mate

[creativeman]

I find the more unique your gigs are the more you can charge as you have no competition. You become the go-to person for people wanting a fresh approach to your kind of services.

My best month on just one particular gig I had 15 sales - you might think that’s not many for one gig, well it’s not bad when these were all $295 sales on my Premium plan of one of my gigs. Don’t always assume every buyer on Fiverr is cheap. Think of Fiverr as more of a cross section of society. Poor, Middle class & Rich.

I prefer to have gigs at every price point.

$5
$25
$50
$100
$300
$500
$1000 etc

I got my first ever $1000 plus sale last month from one gig. It was a custom order and when you get large orders they make up for all the time consuming small orders & difficult people you may have had to work with in your early days when you first started out on Fiverr.

I’m grateful to all the opportunities Fiverr has provided me.

[chicagowriter]

this is the most useful post I have seen in a long time. I have been thinking of adjusting my prices because some of the orders I have been getting are a bit time consuming in relation to income. So according to your experiences when can a level two seller adjust their prices? I have already added some gig packages and extras by the way and they are not necessarily yielding the desired effect.

Also, in the event I decide to adjust prices how do I handle my repeat and long time buyers? Do I notify them of the impending changes and offer them custom orders (using the old pricing) or they get in line with the new costs like everyone else?

[mariokluser]

I don’t even offer one day delivery time. However, it can happen that I deliver in one day and if it does I don’t charge anything extra.
For one of my private clients I always deliver within 6 to 12 hours. Most of they time they pay up front whatever I say or a couple of hours later. I work for them every day and they have #1 priority for me. As soon as they send me their files I stop everything I’m doing right on the spot and start working on their order.

Another great example from the “real world” when it comes to delivery time is tattoo artist Paul Booth. You have to schedule your appointment 2 years in advance, then you get a call to come in and then you get a free hand tattoo of what is on his mind at that moment for $400,- an hour.

[mariokluser]

I think in this case patience is the best adviser. If it’s just a little more than a week it can just reflect that there is a little less demand at this moment. I wouldn’t be a good idea to react on a coincidence. I’m sure it has nothing to do with your level-change.
I don’t do many orders on Fiverr, but during the last week I got a lot and even had to schedule time in order to being able to write all the custom offers. It’s just a coincidence.

[mariokluser]

In my experience repeat clients don’t even start talking about the price differences.

[mariokluser]

Math is important. It is also a good idea to create gaps between the packages that urge buyers to ask for a custom offer if what they need falls between 2 packages 😉

[umerkhayam128]

You’re right, I will give the price hike a try btw! To see if it works and perhaps adjust my gigs because my gig says 5 names for basic gig but i end up giving away 10 just for the sake of repeat customers and to be on safe side.

[chicagowriter]

but they will notice the price change when ordering, that is where it gets tricky for me. For example I have clients who place daily and weekly orders, I don’t use custom orders for them because we established the work specifics way back. How do I make the price transition without affecting these relationships?