Fiverr Insights: Usage And Consumer Growth Data

Fiverr Insights: Unraveling the Tapestry of Fiverr's Phenomenon

Fiverr, an eclectic hub of digital craftsmanship, serves as a bustling marketplace for freelance virtuosos. Annually, it draws in a staggering 3.42 million discerning buyers seeking bespoke services.

Back in its nascent stage of 2010, Fiverr emerged wielding eight service categories, igniting a spark that kindled a blaze. Swiftly, it hurdled over the $1 million monthly gross merchandise value milestone within a year.

Since that pivotal inception, Fiverr has ceaselessly expanded its horizons, now spanning over 500 service alcoves. Its coffers overflow with a sumptuous $189.51 million in annual revenue, a testament to its 3.64x surge since 2017.

Delve deeper into the enigmatic realm of Fiverr. Fiverr focuses on providing a marketplace to assist business owners with freelancers. The model has a couple pros and cons. Namely the main pro of Fiverr can be the more affordable costs, however the main con of this kind of work is the lack of quality of the work.

Fiverr's Vibrant Ecosystem: A Glimpse into the Numbers

1. Fiverr Usage Stats (Top Picks)

   • Delve into the bustling hive of Fiverr's user base and witness the staggering figures:

     • Active buyers: 3.42 million.

     • Gross merchandise value (GMV) in 2020: $699.3 million.

     • Annual revenue for 2020: $189.51 million.

     • A legion of freelancers across 500+ categories.

     • 545 industrious souls call Fiverr home.

1. How many buyers are on Fiverr?
   
   
   

   • A meticulous examination reveals that Fiverr hosted 3.42 million active buyers in 2020, a surge of 45.53% from the preceding year. The buyer count has burgeoned by 1.9x since 2017, charting an upward trajectory of exponential growth.

   Year Active buyers
   2017
   1.8 million
   2018
   2.02 million
   2019
   2.35 million
   2020
   3.42 million
   
   

2. Fiverr gross merchandise value (GMV)

   • The wheels of commerce never cease turning on Fiverr, with a GMV scaling to $699.3 million in 2020, marking a robust 74.39% uptick from the previous year.

   Year Gross merchandise value

   2017 $213 million

   2018 $293.5 million

   2019 $401 million

   2020 $699.3 million

1. Fiverr revenue by geography

   • The globe embraces Fiverr's offerings, with 70% of its revenue emanating from five distinguished nations: the United States, United Kingdom, Canada, Australia, and New Zealand.

   • US patrons stand at the vanguard, contributing 53.14% of Fiverr's annual revenue, a testament to its resplendent allure.
     
     

2. Fiverr annual spend per buyer

   • Discerning buyers lavish an average of $205 per annum on Fiverr, a testament to the platform's intrinsic value proposition.

   • Patrons with an extravagant outlay of over $500 contribute a substantial 58% of Fiverr's core marketplace revenue.
     
     

3. Fiverr take rate

   • Fiverr's coffers swell with a take rate of 27.1%, a reflection of its adeptness at monetizing its bustling marketplace.
     
     

4. Fiverr Net Promoter Score

   • Garnering a commendable Net Promoter Score of 69 from buyers and 79 from sellers, Fiverr stands as a paragon of customer satisfaction.
     
     

5. Fiverr app downloads

   • The Fiverr app, a beacon of convenience, garnered a staggering 900 thousand downloads in March 2021 alone, heralding a new era of mobile engagement.
     
     

6. How many categories are available on Fiverr?

   • Fiverr's kaleidoscopic array of services spans over 500 categories across nine expansive verticals, a testament to its ceaseless evolution.

   • Introducing Fiverr Pro in 2017, the platform heralds a new era of premium talent across 76 main categories, catering to the discerning clientele.
     
     

7. How many people work at Fiverr?

   • A stalwart workforce of 545 individuals fuels Fiverr's relentless pursuit of excellence, marking a 30.07% surge over the past year.
     
     

Conclusion

Embark on a journey through the labyrinthine expanse of Fiverr's universe, and witness the inexorable rise of a digital colossus. With a gross merchandise value nearing $700 million, Fiverr emerges as a titan in the realm of freelancing marketplaces.

As businesses clamor for bespoke services and professionals seek avenues for remote careers, Fiverr stands as a beacon of opportunity, poised to etch its indelible mark on the fabric of digital commerce.

What are your musings on Fiverr's meteoric ascent? Do you perceive it as an oasis of opportunity for both buyers and freelancers alike?

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