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Fiverr Launches Recession Resource Hub for Businesses and Entrepreneurs: “The Lift”
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Fiverr International Ltd. has launched "The Lift," an online recession hub designed for small-to-medium businesses and entrepreneurs navigating economic challenges. The platform includes articles, guides, and on-demand assistance powered by Fiverr talent. In collaboration with Payoneer and Xero, Fiverr offers users discounts and cash back incentives. A Fiverr survey reveals that while 80% of businesses reassess costs during the downturn, 78% remain optimistic about future prospects, highlighting a potential shift towards freelance talent for resilience.
Positive
Launch of 'The Lift' to support small-to-medium businesses during economic downturn.
Partnership with Payoneer and Xero for additional resources and incentives.
Survey indicates 78% of businesses optimistic about future prospects.
Negative
Economic downturn causing significant financial constraints for small businesses.
The online hub offers tools, courses, and on-demand help from Fiverr talent for navigating uncertain economic conditions.
NEW YORK--(BUSINESS WIRE)--
Fiverr International Ltd., (NYSE: FVRR), the company that is revolutionizing how the world works together, today launched an online recession hub called “The Lift.” Geared toward entrepreneurs and owners of small-to-medium businesses, the site features on-demand help, articles, and guides from business experts. Topics range from financial assessment to business strategy, talent outsourcing, and marketing tactics.
Fiverr launched an online recession hub called “The Lift.” (Photo: Business Wire)
Fiverr has also joined forces with long-time partner Payoneer (NASDAQ: PAYO), the commerce technology company powering cross-border payments, and Xero (ASX:XRO), the global accounting software company for small businesses. Both are providing additional insights and content on The Lift for business leaders looking to successfully navigate a challenging economic period. As part of the partnership, Fiverr users will get 50% off their Xero subscription for four months and earn $25 cash back on Payoneer.
“Around the world, early-stage businesses and entrepreneurs are facing unique challenges and unpredictable financial constraints as a result of the economic downturn,” said Gali Arnon, CMO of Fiverr. “As a platform, Fiverr is committed to helping anyone bring their business goals to life — even amid economic uncertainty. With The Lift, we are leveraging the expertise we have among our community of freelancers, as well as insights from key partners, to provide guidance that will empower business leaders to successfully launch, scale, or evolve their business in the coming year.”
The global economic crisis has impacted businesses of all sizes, but the financial burdens associated with an economic downturn can be particularly challenging for small to mid-sized businesses and entrepreneurs. These businesses are often operating with tighter margins and fewer staff, all while striving to expand and gain a foothold in the market. In the US, nearly 80% of small-to-medium businesses have had to re-examine their fixed costs (lease, insurance, etc.) vs. variable costs (staffing, benefits, etc.) as a result of the economic downturn, according to a recent Fiverr Business survey. However, 78% of small-to-medium businesses in the US reported that they feel optimistic about their future prospects, and 77% said that freelance talent could help companies during times of economic downturn. By launching The Lift, Fiverr wants to help business leaders, many of whom may not have experienced a recession, to think through their strategy, embrace flexibility, and emerge from this period stronger.
“With the right services and insights, business leaders can be well-equipped to navigate the current economic landscape and take advantage of emerging opportunities,” said Robert Clarkson, Chief Revenue Officer at Payoneer. “As a company committed to supporting the expansion of business opportunities, we are eager to combine our resources and knowledge to support small and medium-sized businesses and entrepreneurs through this period and beyond.”
“I am constantly impressed by the resilience and adaptability of small businesses as they navigate new challenges and identify opportunities during macroeconomic headwinds,” said John Coldicutt, Marketing Director at Xero. “By leaning on their peers, advisors, and platforms like Fiverr’s resource hub, they can regain confidence and stay agile during challenging times.”
The site is now live and available here. The Lift follows the launch of The Shift, Fiverr’s resource center, to support small businesses looking to transition online during COVID-19.
About Fiverr
Fiverr’s mission is to revolutionize how the world works together. We exist to democratize access to talent and to provide talent with access to opportunities so anyone can grow their business, brand, or dreams. From small businesses to Fortune 500, over 4 million customers worldwide worked with freelance talent on Fiverr in the past year, ensuring their workforces remain flexible, adaptive, and agile. With Fiverr’s Talent Cloud, companies can easily scale their teams from a talent pool of skilled professionals from over 160 countries across more than 550 categories, ranging from programming to 3D design, digital marketing to content creation, from video animation to architecture. Don’t get left behind - come be a part of the future of work by visiting fiverr.com, read our blog, and follow us on Twitter, Instagram, and Facebook.
