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Fiverr vs Toptal
May 25, 2023 | Author: Adam Levine
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Fiverr is a global online marketplace offering tasks and services, referred to as 'gigs' beginning at a cost of $5 per job performed, from which it gets its name. The site is primarily used by freelancers who use Fiverr to offer a variety of different services, and by customers to buy those services
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Toptal is an exclusive network of the top freelance software developers and designers in the world. Top companies rely on Toptal freelancers for their most important projects.
Fiverr and Toptal are two prominent platforms in the freelancing and gig economy space, but with distinct focuses and approaches.
Fiverr is a global online marketplace that connects businesses with freelance professionals offering a wide range of services. It emphasizes affordability and accessibility, with a vast pool of freelancers across various fields and skill levels. Fiverr operates on a project-based model, where clients can browse through freelance profiles, select a suitable candidate, and engage them for specific tasks or projects. It offers flexibility in terms of pricing, allowing clients to choose from a range of packages or negotiate custom deals.
Toptal, on the other hand, is a curated talent platform that focuses on providing access to highly skilled and vetted freelance professionals. It is known for its rigorous screening process, which ensures that only the top 3% of freelancers in various domains are accepted. Toptal primarily caters to businesses seeking top-tier talent for complex or specialized projects. It offers a personalized matching service, where clients are connected with carefully selected freelancers based on their specific requirements and project needs.
When comparing Fiverr vs. Toptal, the key differences lie in the talent quality, vetting process, and project complexity. Fiverr offers a larger pool of freelancers across a wide range of skills and budgets, making it suitable for a diverse set of projects. On the other hand, Toptal focuses on providing access to elite freelancers with specialized expertise, ideal for complex and high-value projects that require top-tier talent.
See also: Top 10 Freelance marketplaces
Fiverr is a global online marketplace that connects businesses with freelance professionals offering a wide range of services. It emphasizes affordability and accessibility, with a vast pool of freelancers across various fields and skill levels. Fiverr operates on a project-based model, where clients can browse through freelance profiles, select a suitable candidate, and engage them for specific tasks or projects. It offers flexibility in terms of pricing, allowing clients to choose from a range of packages or negotiate custom deals.
Toptal, on the other hand, is a curated talent platform that focuses on providing access to highly skilled and vetted freelance professionals. It is known for its rigorous screening process, which ensures that only the top 3% of freelancers in various domains are accepted. Toptal primarily caters to businesses seeking top-tier talent for complex or specialized projects. It offers a personalized matching service, where clients are connected with carefully selected freelancers based on their specific requirements and project needs.
When comparing Fiverr vs. Toptal, the key differences lie in the talent quality, vetting process, and project complexity. Fiverr offers a larger pool of freelancers across a wide range of skills and budgets, making it suitable for a diverse set of projects. On the other hand, Toptal focuses on providing access to elite freelancers with specialized expertise, ideal for complex and high-value projects that require top-tier talent.
See also: Top 10 Freelance marketplaces
Fiverr vs Toptal in our news:
2021. Fiverr acquires freelance management toolset Stoke Talent for $95M
Following LinkedIn's recent launch of Service Marketplace, a direct competitor to freelance platforms like Fiverr and Upwork, Fiverr has announced an acquisition that demonstrates its commitment to enhancing user experience by incorporating additional features. Fiverr will acquire Stoke Talent, a platform enabling companies to manage their freelance teams, for $95 million. Stoke's toolset offers functionalities such as onboarding new freelancers, facilitating payments through the platform, and tracking overall freelance budgets. The objective is to develop tools that foster stronger integration between employers and Fiverr's freelance marketplace. Stoke will continue to operate independently, but the products will be integrated to allow freelancers hired via Fiverr to onboard and receive payments through Stoke. Additionally, this acquisition aims to deepen Fiverr's involvement in how companies collaborate with freelancers, regardless of whether they are sourced through Fiverr or not.
2021. Fiverr is acquiring online learning company CreativeLive
Today, freelance marketplace Fiverr has announced its acquisition of CreativeLive, an online learning company based in Seattle. CreativeLive provides a platform for individuals to participate in courses covering various subjects, including video, photography, design, business, and marketing. Fiverr, known for connecting businesses with freelancers on-demand, recognizes the importance of acquiring new skills in an evolving work environment and views this acquisition as a means of leading transformative change for its platform's users. CreativeLive will continue to operate as an independent service, expanding its team at its existing Seattle headquarters. Fiverr's own online learning platform, Fiverr Learn, will be integrated into CreativeLive to enhance and diversify the educational offerings available following the acquisition.
2015. Freelance engineer marketplace Toptal now sells designers
Toptal, the platform dedicated to connecting companies with high-quality engineers, has expanded its services to include designers who have available time to assist companies in need. Toptal facilitates the entire freelance process by gathering job requirements from companies, negotiating budgets, and thoroughly vetting both parties involved to ensure a satisfactory experience for everyone. By ensuring the legitimacy of both the hirer and the freelancer, Toptal facilitates the perfect match. Rather than overwhelming the hirer with numerous resumes, Toptal presents an average of only 1.7 options for coders before the client finalizes a contract. The client pays Toptal, who then compensates the freelancer, while retaining the difference as profit. With an extensive pool of thousands of engineers, Toptal currently collaborates with around 2,000 clients ranging from established companies like J.P. Morgan and Pfizer to popular brands like Airbnb and Zendesk, as well as emerging startups.
