Kaufman: Remote work has been at the core of our model and COVID has been an accelerating factor in demonstrating the power and efficiency of remote work and delivered the experience to every business in the world. Fiverr has always been a fast-growing business and this year that rapid growth accelerated.
Our results speak for themselves and in Q3 this year we delivered 88 percent revenue growth year on year. The ability to access the right remote talent was especially important for companies that needed to make the shift from offline to online. We also recently launched Fiverr Business, a new platform that helps teams within companies better manage and collaborate with freelancers. We strive to create opportunities for anyone in the world to build their business, brand and dreams, and to provide anyone with access to those opportunities through our marketplace.
One of the programs we launched recently is Fiverr Empower which partners with universities to help students with disabilities to get equal opportunities, build their professional careers, and establish financial independence.
Kaufman: While we often get brought into the gig economy conversation, we are on our own journey to define the skilled freelance economy. HIR: A critique of the freelance economy is that workers are prone to lower wages, longer hours, less routine, and increasingly blurred lines between home and work— each of which can cause burnout. Kaufman: Freelancers on Fiverr get to define what they work on, where they work, when they work and how much they charge.
We do not dictate any of these aspects and therefore their earning potential is not capped. Freelancers set their prices based on the value they place on their experience and time.
Actually, in their income grew twice as fast as in prior years. We found that freelancers who have been doing this for a while are much more in control of their work-life balance than those new to remote work.
We also built a number of features to help freelancers to manage their time effectively. What economic and cultural considerations are you taking into consideration as you think about expanding beyond English speaking areas? Kaufman: We view international expansion as a massive opportunity. That means localizing the platform, not just translating it into different languages, but allowing people around the world to communicate in their native language, and transact in local currencies.
We believe that by reducing these barriers to entry, we will see more customers from around the world coming to Fiverr and more professional and talented freelancers signing up on the platform. In the wake of the pandemic, there has been a heightened sense of nationalism around the world.
Some people want to work with other people from their own country, and with Fiverr now localized into seven different languages including English and tools that allow businesses to search for freelancers in their country, we are providing a more personalized and customized experience to make this possible. HIR: Some of the most prevalent postings on Fiverr are by highly educated individuals such as accountants, writers, and computer programmers.
That is why we have certain levels for freelancers on our site. For instance, someone who is a true industry expert in their field should apply to be a Fiverr Pro seller. Fiverr Pro is our tier of hand-vetted, verified talent. For those of us building new startup communities, the payoffs extend far beyond our current ventures.
Small companies turn to the gig economy for costly talent but is gig work attractive to the people they need? Recognizing the value of diversity early in an organization's lifecycle is an important part of creating a sustainable and ultimately positive cultural foundation. A top-down management style wasn't a fit for Fiverr, so it flipped the model on its head. Lower marginal rates won't create opportunity in impoverished rural towns, but universal access to broadband would.
Obsolete educational systems, inadequate broadband access and the unrelieved economic insecurity of self employment stymie economic development. A dynamic economy needs highly educated workers and entrepreneurs who can afford to take risks. Mountainous college debt stunts both. Access to affordable health insurance has sped the growth of the gig economy. Losing that coverage will make freelancing untenable for many. Skip to content Profile Avatar. Subscribe to Entrepreneur.
Magazine Subscriptions. Micha Kaufman is chief executive officer and co-founder of Fiverr, launched in He is the visionary behind Fiverr's product and platform strategy, leading the company in its global mission to democratize lean entrepreneurship. Since its launch, Fiverr has became a leader in its multibillion dollar industry, enabling freelancers and entrepreneurs to start doing, growing and succeeding. Kaufman is also a partner at a venture capital firm and private investor in a number of disruptive consumer Internet companies.
As a recognized voice in the areas of entrepreneurship, the future of work and the gig economy, Kaufman frequently shares his views through the Fiverr blog , Medium and various media outlets. Gig Economy. Continue Reading.
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