SOURCE: Fiverr

Fiverr

June 04, 2013 08:45 ET

Fiverr Reinvents the Gig Economy, Unveils New Product Experience

Largest Global Marketplace for Gigs and Services Introduces Massive Innovations and New Features to Support Rapid Growth Worldwide

NEW YORK, NY--(Marketwired - Jun 4, 2013) - Three years ago, Fiverr launched with the mission to reinvent the way people work, using a platform to match people's creative skills against global market demand. Today, Fiverr reinvents itself with a new platform that removes even more friction from the business building process. The new Fiverr introduces features that add significant value on both sides of the transaction -- for buyers and sellers -- and a more intuitive design with a fluid user experience. 

Historically, the ability to market and convert one's skills into revenue has been prohibitive outside specialized freelance channels geared towards large technical or enterprise projects. Fiverr entered this market in 2010 with a clear mission: To address this broken model and provide a new home for entrepreneurs to utilize their skills and achieve financial independence. Fiverr calls this movement the Gig Economy.

With millions of users from more than 200 countries, over 1.7M Gigs in 120 categories, and thousands of new gigs added daily, Fiverr is disrupting the current state of work and creating jobs for talented people. Fiverr sellers offer gigs for sale ranging from $5 to $500 and on average, a gig is being purchased every 6 seconds, further validating that Fiverr is driving the Gig Economy.

"Our goal for this new platform is to empower the creative people of the Gig Economy," said Micha Kaufman, CEO and co-founder of Fiverr. "We're seeing users buy houses, cars, and settling college loans with the money they're making on Fiverr. Small businesses are thriving because of the services they're finding from our users. This is our passion at Fiverr -- helping people make money on their own terms, and to have fun while they're at it. The new Fiverr is a reflection of the shift from an outdated work model to the new entrepreneur. We will continue to follow this passion and drive this movement forward."

The new Fiverr solves key problems that exist within conventional freelance models: Emphasizing individual talent and creativity are core values, along with user accessibility, and tools for prosperity.

Transformative new elements include: A new Marketplace, Mission Control, buyer/seller analytics, and a single-page workflow.

A New Marketplace
Buyers now have a beautiful rich marketplace, faster and greater transparency of decisive information, such as seller rating, average delivery time, responsiveness of sellers and more. This is an entirely new experience for both sellers and buyers that's based on personalization and refined control.

Mission Control
Fiverr now offers a tailored Mission Control dashboard to keep track of business performance including delivery status, order tracking, expenses, and revenues. Mission Control features real-time analytics for sellers including monthly trends, order cancellation rates, buyer demographics, sales, and level-tracking to estimate when it's time for a promotion.

Buyer/Seller Analytics
Sellers can access real-time trend data, order rates, and buyer demographics. Buyers can monitor accounts with access to orders placed, recent searches, and site updates.

Single-page Workflow
Buyers and sellers now have prioritized action items, updated in real-time, in a single to do page workflow. This new workflow makes buying and selling information actionable from a single screen. For large sellers and buyers, this is especially critical.

The new Fiverr experience will be rolled out to the Fiverr community over the coming weeks. To preview the new features and request early access, please visit http://fiverr.com/v2/start

About Fiverr
Fiverr creates jobs for talented people. As a leader of the Gig Economy, Fiverr is proving that everyone has a chance for financial independence by doing what they love. Fiverr is the largest international marketplace for gigs and services, currently listing 1.7+ million services in 120 categories across more than 200 countries. Fiverr is one of the top 200 websites in the world according to Alexa.com. Fiverr, founded by Shai Wininger and Micha Kaufman, has a team of 70 people with offices in New York and Tel Aviv. The company is backed by Accel Partners, Bessemer Venture Partners and angel investors. Please visit http://fiverr.com for more information.

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