There are many among us who have not heard about Fiverr website. To put it in simple terms, it is nothing but a virtual market arena of goods and services where anyone can take a job or make services for a decent amount of five dollars. The moment this particular business or this idea was launched, it became an instant hit.

There were hoards of individuals who starting becoming members in this website in order to supply and take services for five dollars. Now since there were various people who were ready to pour in cash, there was a huge amount of increase in the number of people who were ready to provide services.

The initial reaction of various individuals was shocking and surprising. They felt that this could really exploit the job market and create a biased based economy. But as soon as the website started to become famous, most of the people realized its importance and started to use the website in order to get decent part-time income.

Now following are the five business lessons one can learn from the Fiverr site -

¨ Timing:- The timing when the Fiverr clone was launched was perfect. When global recession was going on, Fiverr became the only means of income for some of the people. It is not that the entire situation became okay, but it improved slightly. Even though there were people who were still jobless, but for some people Fiverr website was a life-saver and for business it was a means of getting talented work at cheap cost.

¨ Great Idea:- Now this is something that most of us know. A great business idea at times can go down to an eureka moment and that is something that can make you jump from your chair and get you on your feet. Well that suddenly can be one idea which will very well click with your work. Fiverr developed an ingenious system that gave a fixation on certain jobs and talents.

¨ SAP (Stop Analysis Paralysis):- This is a scenario where a person cannot make decisions due to fact that there are a lot of decisions to be made. When there are a lot of choices, a person may struggle to make a decision. But with Fiverr website, there is no such thing. The person gets the service or product at a fixed price. He or she can either take it or leave it.

In short Fiverr website has indeed given a great deal of job opportunities for many people. It has opened enough revenues for individuals to get the best services and talents at affordable prices.