Do data entry freelancers make more money on Upwork or Fiverr?

  • Do data entry freelancers make more money on Upwork or Fiverr?

    Posted by Adam Palmer on 25/09/2024 at 9:02 AM

    The potential earnings can widely vary depending on models, competition, and scopes of service. Here is a breakdown to help you understand where data entry freelancers might make more money:

    1. Pricing Structure

    Upwork: Professionals, on Upwork, usually charge for an hour or by project. For data entry, depending on experience, specialization, like complex data management or work in Excel, etc, and client demand, the rate of payment can range from $5 to $25 per hour. Extremely high rates can be commanded by those who have incredibly good reviews and a well-made profile.

    Fiverr: Fiverr is task-based, and freelancers quote on fixed prices for specific tasks. Then, entry-level work usually starts at around $5 to $15 per task but can go higher as freelancers can charge more with premium packages or even bundle services, such as faster turnaround or handling complex data. Larger or more specialized tasks may be charged at $50 to $100+.

    Gross Income:

    Upwork typically allows for higher hourly rates, especially for more specialized or ongoing data entry tasks.

    Fiverr is best for freelancers who can handle large quantities at minimal charges, but takes many days to reach the highest bids.

    2. Competition:

    Upwork: While competitive, Upwork attracts a wider pool of clients who are often looking for long-term, not singular, contracts. Such clients might provide more remunerative, repeat business for skilled freelancers.

    Fiverr: Instead, Fiverr is much more messy with super cheap providers, so competition makes it hard to stand out in the data entry category. However, niche providers of services such as data scraping or CRM entry might attract some higher paying clients over time.

    Potential Earnings:

    Upwork may offer much greater earning opportunities to freelancers who build solid, sustainable client relationships and secure long-term projects.

    For example, Fiverr gives a good opportunity for project-based freelancers who can handle massive volumes of quick gigs at low prices.

    3. Client Type and Job Duration

    This usually involves posting long-term or larger data entry projects, especially for administrative or virtual assistant roles. Customers on Upwork usually pay more on quality and reliability, especially when it has to do with a freelancer that has an excellent feedback history.

    Fiverr: Most data entry jobs on Fiverr would be short-term low-value assignments because the Fiverr clients are usually looking for one-time work for minor values.

    Earning Potential:

    It provides more steady, long-term jobs with better pay in the future.

    Fiverr may well provide faster gigs, but in most cases, the project-based pricing tends to peg the overall income.

    4. Skill Level and Specialization Upwork: Higher-paying data entry jobs on Upwork often require specific skills, like proficiency with Excel, Google Sheets, data analysis, or CRM systems. If you offer niche services beyond basic data entry, like managing databases or handling sensitive data, you can command higher rates.

    Fiverr: A tad better for the simple data entry work. However, lower-priced and high-speed jobs are considered standard unless you have a niche on the advanced end, like web scraping or designing databases.

    Possible Income:

    Those freelancers who acquire more specialized skills and experience can command higher rates on Upwork.

    It’s better, however, for those lower-tier data entry tasks unless you have a niche and in-demand service.

    5. Freelancer Rates

    Upwork: Upwork takes a sliding percentage fee on lifetime earnings with a clientā€”20 percent on earnings up to $500, 10 percent on earnings between $500.01 and $10,000, and 5 percent on earnings greater than $10,000.

    Fiverr: Fiverr charges a flat 20% commission on all earnings and can therefore somewhat eat into profit margins, but especially concerning low-cost gigs.

    Potential Earn-Outs:

    It makes for a better profit with more long-term high-earning clients who have lower fees on Upwork. Fiverr’s flat fee can be a downside for freelancers offering low-priced gigs.

    Final Comparison:

    Upwork: Most likely to generate high income for more experienced freelancers who opt for long-term and niche data entry work. It allows an opportunity for higher hourly rates and fees lower since you’ll have repeat clients.

    Fiverr: More suitable for low budget, quick-turn gigs, but it would take a huge volume of work to match the potential earning on Upwork. Difficult to scale income rapidly and loads of high competition combined with 20% commission on Fiverr.

    Conclusion: Data entry freelancers generally have the potential to earn more on Upwork due to higher hourly rates, long-term contracts, and lower fees for high-volume work.

    However, if you prefer shorter, quick-turnaround tasks and can efficiently handle a large volume of gigs, Fiverr can also be a viable platform.

    Adam Palmer replied 3 months, 3 weeks ago 1 Member · 0 Replies
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