Business
Fiverr’s Stock Value Took a Plunge, Here’s Why
Published
3 years agoon
You’re a freelancer in a booming gig economy increasingly under scrutiny. Is Fiverr right for you?
COVID-19 shook up our economy. That’s no secret. Employees relocated to their home offices, many were laid off entirely, and some took the opportunity to explore a new career. For some, freelancing was the stepping stone for millions curious about embarking on that personal journey.
If you work freelance, you’ve likely heard of Fiverr. The company is known for connecting freelancers with projects and the benefits one might reap. For someone about to dive into the scary world of freelancing, Fiverr sounds like a great place to start.
What Does This Stock Dip Mean
Unfortunately, the “safe bet” has had a bit of a tumble of 24.8% in the stock market lately. While some consider the dip a minor hiccup, it speaks to larger unreliability for freelancers. Whom the company relies on entirely. As people head back to work, they need freelancers less.
As we slowly recover from this pandemic, employees are moving back to work and freelance workers are taking the hit. Few people are relying on remote workers. For someone exploring freelancing as a new career option, this news should be waving a bright neon red flag.
The 24.8% dip in Fiverr’s stock value, they claim, is reflective of the world reopening. There’s a problem with that assessment. It ignores the possibility that freelancers and buyers may be transitioning to a platform that is more secure and reliable.
By saying, “it’s just people going outside,” Fiverr can reassure their stockholders that the company will bounce back a-ok. There has been, in fact, growth within the company itself by as much as 60%. If you’re looking for a sweet stock tip, it might be time to buy stock in Fiverr right now.
What Fiverr Offers
The top 10 highest paid side hustles in the United States on Fiverr are:
- Website Design – $700
- Social Media Manager – $675
- Proofreading and Editing – $660
- CV, Cover Letter, and Resume Building – $600
- Website Building – $580
- 3D and 2D Modeling – $550
- Business Consulting – $500
- Social Media Advertising – $500
- Graphic Design – $500
- Presentation – $450
Those numbers are the max price earned per job. Sounds pretty okay, right? Well, those are not guaranteed rates. The struggle of freelance is the unreliability of work. You, as a freelancer, are responsible for maintaining your own hours, keeping up business, and guaranteeing your own salary. For some, it’s nice to be your own boss. For others, it can be difficult to maintain that level of consistency. And that’s where Fiverr is supposed to make things easier for you.
Gig Economies Today
Gig economies are the sexy new thing to talk about. Companies like Fiverr, Uber, Lyft, and more love using freelancers because they legally do not count as employees. No health insurance, no benefits, no guaranteed hours. Basically, these companies reap all the benefits and return very little, or nothing, to the workers they rely on to exist.
As gig economy jobs are coming under more intense scrutiny, a person transitioning their career from one to the next and use freelance as the in-between may find themselves in the crosshairs.
So, in order to recover from this dip, Fiverr launched a Seller Plus program. Instead of being guaranteed work, freelancers can pay $29 a month to access:
- Dedicated Success Manager
- Faster Payment Clearance
- Priority Access to Growth Programs
- Priority Support
- Advanced Analytics
- Advanced Customer Engagement Tools
- Exclusive Events and Educational Content
If you want Fiverr to look out for you, you need to pay them. They need you in order to operate, but you have to pay them in order to safeguard your new career as a freelancer.
It seems that Fiverr’s mission “to change how the world works together” is actually a far more familiar and historically consistent “rely on the workers but keep all the benefits” model that has sustained billionaires for decades.
Fiverr and Its Freelancers
Fiverr doesn’t make anything but connections. You can think of them as a middle man. Someone to hook you up with work for a cut of the action. While it may seem a little unfair, the fee can be worth the price of reducing the hunt for projects.
This would all be well and good if Fiverr had a good track record for protecting its freelancers. But, for a company that needs freelancers in order to exist, they sure seem to have more interest in protecting the buyers than defending its freelancers.
Reviews across the board say similar things: Fiverr is good for buyers, not so great for sellers. The word “scam” comes up more often than not. Which is another bright neon red flag, except it’s now on fire.
Fiverr’s Freelancers Review
“Exceptionally awful seller policy. An astonishing amount of inconsiderate buyers who can freely get a refund while the seller gets nothing for their work if a cancellation is requested – ranging from reason as “I placed the order on accident” to crude insults.”
“System is rigged to take and hold onto your money. Both buyers and sellers pay high fees. Buyers cannot withdraw money if a job gets cancelled and refunded. Sellers have to wait two weeks to receive payments for completed work. It’s 2020, this is not a technical limitation. It’s a very poor ethics decision. Would leave a zero star rating if I could.”
“Just read the rest of the reviews. I was booted from the platform because a buyer (they told me they were going to do this) threatened me with negative reviews if I wouldn’t do more work. When I refused to do more for them than I agreed to initially they flagged my account with customer service and I was suspended with no warning, no explanation, and no due process. Then my funds were held hostage for 90 days with no possibility of withdrawal.”
What’s The Solution?
Unfortunately, stock market dips reflect on the company’s value to shareholders rather than a healthy work environment for its freelancers.
As mentioned above, governments both internationally and domestically are examining gig economies much more closely. The days of Fiverr, Uber, Lyft, and others using their freelancers or independent contractors as cannon fodder could be limited.
Freelance is a tough gig, no matter what industry you find yourself in. You may be your own boss, but there’s no guarantee of work. You may have the freedom to set your own hours and choose your own clients, but reality sets in.
The freedom that comes with freelancing comes with a price. While Fiverr blames vaccines for its significant stock dip of 24.8%, they’re ignoring their own underlying issue by leaving their freelancers to twist in the wind.
Fiverr seems to forget, without freelancers, they have no business. Fiverr doesn’t make anything. Freelancers use Fiverr to collect clients and gather projects, but Fiverr isn’t the only option out there. If a freelancer has an opportunity to work without worrying about being screwed by a client or middleman, why wouldn’t they take it?
What Are Other Options?
For freelancers looking to escape or avoid the risky cesspool that is Fiverr, there is plenty to choose from. Such as:
- Upwork
- 99Designs
- Guru
- Toptal
- PeoplePerHour
- Freelancer
- Truelancer
- Outsourcely
There are more options out there, including joining a company where you can have established hours, guaranteed work, and benefits. You may not be your own boss, but you’ll be able to keep the lights on at home.
In Conclusion…
Fiverr’s stock had a not-so-insignificant dip of 24.8%, they blamed vaccines, and their freelancers are still getting screwed by abusive buyers that Fiverr allows getting away with theft.
If you’re a freelancer and you’re taking the opportunity to explore a new career, Fiverr is probably not going to be a safe bet. There is too high a risk of scam, and there’s no guarantee that Fiverr will look out for their own freelancers. It’s like a sheep joining a flock where the shepherd lets a wolf in for a fee.
For freelancers, there are options out there. Freelancing ain’t easy, but it doesn’t have to be as difficult as Fiverr allows it to be. If this company continues to believe in its success at the expense of its own freelancers, there’s a fairly good chance that there will be more stock dips in the future.
That is unless, of course, Fiverr decides to correct this offensive mistake.
Chris Blondell is a Philadelphia-based writer and social media strategist with a current focus on tech industry news. He has written about startups and entrepreneurs based in Denver, Seattle, Chicago, New Haven, and more. He has also written content for a true-crime blog, Sword and Scale, and developed social media content for a local spice shop. An occasional comedian, Chris Blondell also spends his time writing humorous content and performing stand-up for local audiences.
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Business
Omnichannel Marketing Platforms: Definition, Examples & Tools
Published
4 months agoon
August 22, 2024By
Kai KelisOmnichannel has become a recent buzzword online. That’s because the business landscape has shifted most of their marketing efforts into virtual communication. Advertisers are always looking for new ways to boost online connections with audiences while increasing sales. This is how “omnichannel” sprouted quickly and into every marketer’s arsenal. But what is omnichannel, and what are some omnichannel marketing platforms that do the job? Read on to find out.
What is Omnichannel Marketing?
The concept of omnichannel is simple. It aims to provide marketers a quick way to communicate with their customers and get as much engagement and conversion as possible from one go. Their objective is for customers to enjoy a seamless shopping experience on multiple brand channels, including online, mobile, or in-store. This means, marketers would have to show customers the same pricing and promotions across all brand channels.
However, it also goes beyond that. You have to ensure that customers can navigate through different channels with ease. This means customers can switch between your brand channels without any roadblocks. For instance, a customer can order from your online store and have the option to pick it up from your physical location. One way to increase sales is by offering customers additional items to boost order value.
Why is Omnichannel Marketing Important?
Omnichannel marketing is crucial these days since most people have shifted to online browsing and shopping. Moreover, if advertisers market on three or more channels, this could result in a 90 percent higher retention rate compared to using a single-channel campaign.
Additionally, omnichannel marketing also strengthens your brand messaging since campaigns are consistent across all platforms. But what are the primary reasons why advertisers focus on omnichannel marketing?
- Brands will get high customer retention
- Gains customer loyalty
- More personalization in the customer’s journey
- More integrated business
- Better customer insight
- Smooth and enjoyable customer experience
How Does Omnichannel Advertising Work?
An example of omnichannel marketing is when a sports retail store sends its prospects an email containing a recent promotion on its newly launched running shoes. The email content shows the link to the promotion. Once customers click this link, they are taken to the brand’s eCommerce website. Instructions also let them know they can get it from the brick-and-mortar store.
Another example is when a furniture store shows a behind-the-scenes video on YouTube about how its experts craft their pieces. Once viewers watch the video, they are welcomed with a link inviting them to join the brand’s email newsletter.
10 Omnichannel Marketing Platforms
Here are 10 best omnichannel marketing tools.
1. BigCommerce
This online and offline sales tool is for large-scale businesses looking to streamline their advertising strategies. BigCommerce unifies all marketing campaigns in an easy and convenient platform, including in-store, online, social media, and marketplaces. It can also handle large volumes of sales, traffic, and transactions, providing customers with a smooth experience.
2. NewStore
NewStore is the tool for all your POS and inventory management systems. It can manage orders, inventory, and customer data across the brand’s channels. It also comes with robust marketing tools that offer personalized engagement, such as push notifications, mobile apps, and location-based marketing.
3. Glassix
If you’re looking for the best omnichannel marketing platforms for communication, Glassix sits at the top of the list. It’s an AI-powered advertising tool that helps with email, SMS, live chat, messaging apps, and social media. Using Glassix means tracking all customer interactions and messages in one user-friendly interface is easy. It also lets you send targeted messages to your audiences based on their preferences and behaviors.
4. Desku
In addition to integrating all customer communications in one interface, Desku also helps with automation functions, such as chatbots, canned responses, ticketing systems, and more. Plus, it offers reporting tools and analytics to monitor progress.
5. Omnisend
Omnisend is the platform for all your SMS and email marketing campaigns. It’s best suited for eCommerce businesses and allows advertisers to create, monitor, and automate campaigns across all channels. It offers drag-and-drop features and is extremely easy to use.
6. Tidio
When searching for the best omnichannel communication platform, Tidio ranks high. It’s designed to facilitate customer interactions, manage inquiries, and offer real-time support.
7. Adobe Experience Cloud
You can’t succeed in omnichannel marketing without using a cloud-based service. And Adobe Experience Cloud ensures you get the right cloud-based solution for optimizing customer experiences. You can use this tool to build and manage customer journeys through AI-powered insights. You can also integrate this platform with other Adobe tools like Adobe Experience Manager, Adobe Target, Adobe Campaign, Adobe Analytics, and more.
8. Revealbot
If you’re spending time on paid ads, Revealbot will help you manage them in one user-friendly interface. It’s a marketing tool that helps optimize digital advertising campaigns on Instagram, Facebook, TikTok, and Google Ads. You can use this tool to set automation features, campaign budgets, and custom ad rules.
9. Shopify Plus
Shopify Plus if one of the best omnichannel marketing platforms for eCommerce businesses. It helps create a streamlined customer shopping experience. From workflows and checkouts to customer segmentation and targeted marketing campaigns, this is a reliable tool to use.
10. Oracle CX Commerce
Oracle CX Commerce is the best solution for B2B and B2C businesses. It’s a cloud-based eCommerce platform that helps provide personalized experiences. It also offers advanced features that simplify segmentation, customized content, targeted promotions, and customer engagement.
If you frequent the outdoors, you know how important protecting your playground is. When you’re close to nature, you must always prioritize eco-consciousness. While you practice sustainable habits, supporting brands prioritizing sustainability becomes a top priority. If you’re always planning an outdoor adventure and need the gear, here are the top 10 sustainable outdoor gear brands you must check out.
1. Patagonia
Over the years, Patagonia has lined up its corporate social responsibilities, mainly focusing on labor and the environment. They have robust social responsibility programs that ensure workers and communities are cared for. Patagonia claims that 85 percent of its products are made in factories with Fair Trade Certified certifications. The brand also helped over 85,000 workers by participating in Fair Trade programs. The brand also helped more than 2,000 farmers from its Regenerative Organic Certified cotton program.
2. Osprey
Osprey, a brand that creates robust backpacks for travel and outdoors, is also committed to sustainability. The company is a trusted bluesign SYSTEM partner, which helps eliminate PFAS-based DWR in 100 percent of its textile products. On top of its promise of eco-friendly materials, the standard for its backpacks is unparalleled, offering durability, functionality, and repairability. These products undergo field testing and athlete evaluations to ensure it’s a pack that runs a lifetime.
3. Hydro Flask
Plastic bottles comprise one of the highest numbers of ocean pollutants. Hydro Flask is committed to minimizing this by introducing excellent insulated water bottles that last a lifetime! I bought one five years ago, and the insulation functionality still works like the very first day I got it. The brand boasts its recycled-content bottle, the Slingback Bottle Pack, with a 100 percent recycled polyester body. It also eliminated single-use plastic for its packaging, specifically for 90 percent of its products. Hydro Flask uses soy-based inks and no foils and varnishes for their products too!
4. Black Diamond
Black Diamond is among the top brands for the best outdoor gear, specifically reliable and durable helmets. The company’s ethos is based on the team’s outdoor pursuits. First, the company’s 12,000-square-foot headquarters is energy-efficient, with a 2,200-watt solar photovoltaic system that generates about 3,000 kWh of electricity per year. Black Diamond also advocates for sustainable outdoor and recreation practices and is a founding member of the Outdoor Industry Association’s Climate Action Corps.
5. Sierra Designs
Sierra Designs is also one of the best sustainable outdoor gear brands you can rely on. They aim to create products that have as minimal impact as possible on Mother Nature. The brand boasts the DriDown product, which ensures that feathers come from animals that weren’t subjected to any harm. The brand also uses neglected recycled materials for its fabric’s exteriors and insulation for apparel and sleeping bags. A lifetime warranty also backs all Sierra Designs products.
6. Hyperlite
Hyperlite is your go-to outdoor gear brand if you’re into climbing, hiking, or rock climbing. The company is committed to sustainability for as long as the brand is still in operation. They created the Hyperlite Mountain Gear ethos, essentialism, which differs from minimalism. The brand believes that an intentional and thoughtful approach to assembling its backpacks ensures its products are safe, comfortable, warm, and efficient. Hyperlite is a proud partner of Dyneema, a bio-based fiber company, and promises to use this fiber in all its outdoor gear products.
7. MSR
For all your climbing equipment, don’t miss out on MSR products. The founder, a lifelong mountaineer, believed that a safe and reliable equipment is key to greater adventures. Today, the brand is proud to hand-build many MSR products. The brand is also another founding members of the Outdoor Industry Association Sustainability Working Group. It’s a collaboration of over 300 outdoor brands, manufacturers, and suppliers that focus on sustainability challenges and solutions.
8. Sunski
When you’re enjoying outdoor adventures, make sure you enjoy it in style with Sunski sustainable glasses. Sunski is a fantastic eyewear manufacturer in America that uses plastic scraps to turn into frames! A unique sunglass niche in the industry. The sunglasses are flexible, lightweight, and extremely durable. All Sunski customers will also get a lifetime warranty for their glasses. And if they break? Repair or replacement is free!
9. Cotopaxi
Cotopaxi backpacks, travel packs, hip packs, and duffels are colorful and vibrant and made with eco-friendly materials. They embarked on the The (Re)Purpose™ Collection program, which uses recycled deadstock or leftover fabric from other fashion brands. They also offer a lifetime guarantee on repairs or replacements. As members of the Sustainable Apparel Coalition, they support Amazon’s reforestation. Cotopaxi believes that doing good will create a ripple effect, so they reward customers who #DoGood!
10. Goal Zero
Here’s another eco-friendly outdoor gear brand for all your needs and more. To offer you the best outdoor camping experience, Goal Zero even sells power essentials, such as inverter generators, handheld portable power devices, solar panels, and battery banks. The company also aims to practice eco-conscious manufacturing methods by ensuring all 10+ factories in nine countries adhere to environmental and human rights standards. Its top sustainable camping gear is the Yeti Portable Power Station, with a four over five rating!
Eco-consciousness and health and fitness must be the perfect tandem. If you prioritize your health and fitness, the same care should also concentrate on sustainability. While you’re focused on your fitness goals, the process shouldn’t be as destructive to the environment. Just like you want to nourish your body with the good stuff, you also want to protect Mother Nature like it’s your own body. After all, the outdoors offers so much to benefit your health in the long run. Hiking, camping, rock climbing, surfing, swimming, to name a few. That said, protecting your playground as much as possible is only fitting. And that starts with choosing the most sustainable activewear brands. Here are the top 10 sustainable brands for fun and play.
1. Iron Roots
While some activewear brands claim 80 percent sustainability, Iron Roots embarks on 100 percent sustainable products and processes. It’s plastic-free all-organic athletic apparel that will not only make you feel good but also make you feel better about wearing Mother Nature-friendly apparel. Founded in 2018 by Dutch friends, the founders combined functionality, design, and sustainability in beautiful sportswear. They were both fed up with how the market manufactures most apparel from unsustainable materials. The brand uses non-plastic materials and unique plastic-based apparel like polyester. It’s a breathable and comfortable activewear that will help you achieve your fitness goals!
2. Girlfriend Collective
Girlfriend Collective is a Seattle-based brand making waves in the sustainable activewear niche in 2024. They are famous for their sports bras, trendy gym tops, leggings, and more! But the best part is the teams behind this brand are tree huggers, prioritizing recycled materials for their apparel. From fabric scraps to water bottles and fishing nets, you know you’re working out and helping the brand’s mission. The brand also uses eco-friendly dyes to color its clothes while managing wastewater responsibly. They created the ReGirlfriend program to prevent textiles from being in landfills!
3. Patagonia
Every outdoorsperson has heard of the famous brand Patagonia. The company has set a gold standard for sustainable apparel and manufacturing. Recently, the popular activewear brand has revamped its ownership structure to ensure it allocates a budget for environmental initiatives. The brand not only outsources sustainable materials and works with eco-conscious factories, but it is also transparent about it.
4. Groceries Apparel
Groceries Apparel is another sustainable activewear brand that focuses on upcycled food waste without needing third-party people or factories. They manufacture their activewear themselves through non-toxic and locally sourced materials. Who would’ve thought another person’s food waste could be a gym rat’s workout clothes? They manufacture all their products in their Los Angeles factory, making them a 100 percent self-sufficient brand!
5. Move by Mate
Move by Mate knows that conventional cotton, a material used by most apparel brands, is detrimental to the environment due to its pesticide use, heavy farming, and excessive water consumption. Move by Mate is also one of the sustainable activewear brands that uses organic cotton instead of traditional cotton, keeping the soil healthy. They claim that organic soil is also more breathable.
6. Wolven
If leggings are your workout go-to, then you must check out Wolven. It’s a brand that produces recycled sexy leggings for your exercise routines. Wolven is also deemed Lululemon’s competitor due to its elegant designs in multiple muted colors. Wolven leggings are made of 84 percent recycled PET or plastic bottles. The brand’s recycled materials are also Global Recycled Standard-certified. When you buy Wolven leggings, you’re guaranteed they are free of uncomfortable, harmful chemicals.
7. Reformation
You can be sure this brand is one of the most mainstream activewear brands that doesn’t take eco-consciousness lightly. Reformation boasts multiple eco-friendly initiatives, and they will not stop anytime soon. For one, they have a RefRecycling program, encouraging customers to drop off their used Reformation products in exchange for store credits. Moreover, Reformation also partners with many eco-conscious organizations like Bluesign. They also have a FactoryForward to ensure their suppliers become the best at what they do.
8. Gngr Bees
Founded in 2019, the owner, Natalia Grisard, was inspired to create Gngr Bees by her love for wildlife. She claims this brand is “driven by purpose and not by profit.” The brand’s apparel is made from discarded products. The company has reclaimed over 45,000 plastic bottles and over 4,000 kilograms of fishing nets. Gngr Bees also partners with Azizi Life and Beach Collective to plant mangroves and recycle ocean-bound plastic.
9. The North Face
The North Face has a long history of embracing eco-friendly products, initiatives, and commitments ever since. They are committed to prioritizing nature through science-based and actionable goal-setting. The North Face ensures all their materials are 100 percent recyclable and responsibly sourced. They created the North Face Renewed program that focuses on circularity by giving used gear a second life. This way, they are given a chance before users toss them into a landfill.
10. Tentree
Tentree is a Vancouver-based brand that believes in the power of tree planting. Its name is embedded in its company vision to plant ten trees in exchange for every item purchased. The company centers its practices on environmentally friendly ways, which they call the “earth-first approach.” This focuses on safe and fair working conditions for all employees and prioritizes sustainable and recycled materials for their products. Some of these materials are Tencel lyocell, Repreve polyester, and more. They created the Climate+ Initiative, which lets customers prevent carbon emissions by buying a pack of trees.