Every January I look back on Christmas and think to myself, “This year I’m planning ahead.” I always want to do more at Christmas time – more gifts, more decorations, a bigger holiday meal, more toys for the Salvation Army. But, we all know a dollar will only stretch so far.
So this year, I’m going to start a Christmas Fund on Fiverr, and I’ll be promoting my business at the same time.
In 2012 I spent about four months playing around with Fiverr.com in my spare time and managed to rake in an additional $2,500. Not too shabby, huh? Spread that out over 12 months and it’s an extra $200 each month. If I’d saved that money it would have taken care of Christmas and then some.
I didn’t know Fiverr.com had a Christmas Fund!
Most banks still let you open up a Christmas fund, a separate savings account that earns a bit of interest. You typically open the account in November and then the following November you close it down, pull out your money, and go Christmas shopping.
Christmas funds are a great way to ensure you have money when the holidays roll around, but the problem is, you have to be motivated to save. You have to actually take money out of your wallet and deposit it in that account every week, and we all know how well that works…
Fiverr.com doesn’t really have a “Christmas Fund” per se, BUT… instead of withdrawing your earnings every day or week or month, you can just let them accrue in your Fiverr account. Of course, you won’t earn any interest, but the fact that you don’t have to actually hand money to a bank teller makes it easier to save. The hardest part about maintaining a Christmas Fund at your bank is parting with the money.
If you don’t take it out of your Fiverr account then you’re not tempted to spend it on something else and it’ll be there when you need it for Christmas.
How can you start a Fiverr.com Christmas Fund?
I’m planning to open up a few Fiverr gigs in February anyway, so I’m going to designate one gig for my Christmas fund. Any money earned from that gig will stay in my Fiverr account for Christmas.
The trick will be to come up with an awesome gig that doesn’t take much time to complete, but still showcases my talents, because if it’s too much work then I’ll burn out – just like you do when you’re trying to save money in a Christmas Fund at your bank.
So, here’s what you need to do…
Decide how much money you want to earn by Thanksgiving 2013. Let’s say you want to earn $2,500. Each time you deliver a gig on Fiverr.com you net $3.92 – that’s after Fiverr takes their cut and after Payal takes theirs.
Now, divide $2,500 by $3.92 and you get 638. That means you need to deliver 638 gigs between February 1 and November 22, 2013, which works out to 17 gigs per week or about 2.5 gigs per day.
If you come up with a gig that takes 15 minutes or less to deliver you’re only working 1/2 hour per day to earn $2,500 for Christmas. I’d happy to give up an episode of “Friends” every day if it means I’ll have money for Christmas!
Use Fiverr To Build Your Business Or Just Make Some Pin Money
If you’re one of the lucky few who don’t have to worry about Christmas money, you can use Fiverr.com to earn a little extra pin money each month or you can do what I did last year and use it to promote your business.
I stopped delivering gigs in June simply because I’d built up enough long-term business to last me the rest of the year. And I still get emails from Fiverr buyers every week, asking me to open my gigs up again.
Anyway, that’s a whole ‘nother can o’ worms. For now, all you really need to know is this: I’ll have plenty of money for Christmas next year. If you’re really nice, maybe I’ll add you to my list!
What about you? Are you going to start a Fiverr.com Christmas Fund? Tell me about it in the comments below!