Wetin dey happen, my Naija people! Today, we go talk about two popular platforms for freelancers: Fiverr and Upwork. If you dey plan to start your freelancing journey or you don already dey hustle, you go wan sabi the difference between these two platforms especially when e come to fees. Make we dive in!
Understanding Fiverr Fees
Fiverr na one of the biggest freelancing platforms wey plenty people dey use. For here, you fit offer your service as “gigs” and people go buy am. But make you sabi say dem get some fees wey you go pay as you dey work.
Service Fees
For Fiverr, dem dey charge 20% of wetin you make from each gig. If you sell something for $100, dem go take $20 as service fee. E get as e be, abi? But no wahala, you fit still make am back if your gig dey sell well.
Withdrawal Fees
When you don make money and you wan withdraw am, e no dey free. If you dey use Payoneer, dem go charge you $1 for each withdrawal. If you dey use bank transfer, e fit waka to $3. So, e good make you plan how you go dey withdraw your money, so you no go chop plenty fees.
Practical Advice
- Set your prices well: Make sure say you calculate your prices to cover the fees. If you wan make $100, set your gig price to $125 to fit cover the 20% fee.
- Promote your gig: Use social media, WhatsApp, and other platforms to promote your gig. The more sales you get, the more you fit offset the fees.
Understanding Upwork Fees
Upwork dey different small-small from Fiverr. For here, you go get clients wey go hire you directly, and the fee structure dey based on wetin you earn from each client.
Service Fees
For Upwork, dem dey charge based on the total amount wey you don earn from the client:
- 20% for the first $500
- 10% from $500.01 to $10,000
- 5% for anything wey pass $10,000
So, if you dey work with one client, as you dey earn more, the fee go dey reduce. This one fit sweet you if you dey plan to build long-term relationships with clients.
Withdrawal Fees
Just like Fiverr, Upwork get withdrawal fees too. If you dey withdraw to your local bank, e fit cost you $0.99. If you dey use Payoneer, e fit waka to $3.75. Make you balance your withdrawal method well to save some dollars.
Practical Advice
- Focus on long-term clients: If you fit build good relationship with clients, you go dey enjoy lower fees as you dey earn more.
- Check your job categories: Some categories dey more lucrative than others. Do your research to find wetin dey pay well.
Comparing the Fees: Fiverr vs Upwork
Now, make we compare the fees for both platforms so you go fit see wetin go work better for you.
- Service Fees: Fiverr dey charge flat 20%, while Upwork dey charge based on how much you don earn from the client.
- Withdrawal Fees: Both platforms get withdrawal fees, but Upwork dey slightly cheaper for local bank withdrawal.
- Flexibility: Upwork dey allow you to negotiate prices and earn more as you build relationship with clients; Fiverr dey more rigid with pricing.
Practical Advice
- Test both platforms: If you fit, try both Fiverr and Upwork. See which one dey give you better experience and returns.
- Calculate your total earnings: Make sure say you dey track all your earnings and expenses, so you fit know which platform dey more profitable for you.
Conclusion
Wetin we don discuss today na important matter for any freelancer wey dey hustle for Naija. Fiverr and Upwork both get their advantages and disadvantages when e come to fees. Wetin matter pass na wetin fit work for your own style and the kind service you dey offer. No forget say PayPal no dey work for Nigeria, so use Payoneer or other local options. With the right strategy, you fit make good money as freelancer. Remember, hustle no dey finish, so keep pushing!