FIVERR GLOBAL FREELANCING PLATFORM.....

Is Fiverr International a Buy Now?

I started my Fiverr International (FVRR 6.89%) in the fall of 2021, at the princely price of $185 per share. I doubled down on my Fiverr investment three months later, inspired by the freelance services broker's prospects for long-term business growth. This time, each share cost me $238. And when the stock took a steep dive in 2022, I doubled my Fiverr bets again. And I mean that in dollar terms. The same sum bought a lot more stock this time, since Fiverr's share price had plunged all the way to $41.

So I literally bought Fiverr's stock in thirds. Here we are, 17 months after my latest real-money dive into this stock -- and shares are changing hands at just $22 today. It's another 47% dip from the cheapest entry point in my portfolio.

Many investors would grumble something about "falling knife" at this point, sell their Fiverr stock, and never look back. And I think that would be a huge mistake. In fact, I'm tempted to add another tranche to this exciting growth stock right about now.

As much as I enjoy the opportunity to pick up a great stock on the cheap, it's about time to turn that chart upward again -- maybe as soon as after this Thursday's earnings report. I could be wrong, of course, but the worst-case scenario would only extend the bargain-bin discount again.

So let me tell you why I think the tipping point could be here as early as this week.

Why Fiverr isn't the pandemic play everyone expected

People wrote Fiverr off as a direct play on the COVID-19 lockdowns. With the American and global economy in full working order, there'd be no need for freelancing side gigs. Hence, Fiverr's revenue growth would hit a brick wall at the end of the work-from-home era. The was the essence of the bearish theory that started off Fiverr's plunging stock price trend in 2021, when effective coronavirus vaccines became widely available.

But that's not how Fiverr's financial progress has worked out in reality.

Revenues never stopped growing. Sure, the growth rate slowed down amid the inflation-based economic crisis in 2022 and 2023, but that's a marketwide phenomenon and hardly unique to Fiverr's business model.

The top-line revenue collection is already picking up speed again. Sales increased by 5.2% year over year in the second quarter, more than triple the 1.5% pace in the first quarter. And for this week's update, management expects revenue growth to clock in at roughly 10%.

More importantly, the company kept generating cash profits even in the darkest days of the inflation downturn. Fiverr held on to $46.4 million of free cash flows over the last four quarters, based on trailing sales of $343.0 million. That's a cash-based profit margin of 13.5%, alongside modest sales growth.

So Fiverr hit a speed bump based on inflation and not on the lack of coronavirus lockdowns. The events are connected, and we would never have seen an inflation crisis at all if the pandemic didn't shake up the world economy like a snow globe, with unpredictable long-term effects. Still, Fiverr turned out to be more sensitive to economic trends than to unique health crisis policies.

Predicting Fiverr's road ahead

Fiverr is champing at the bit, waiting for the starting gun of a healthier global economy. Freelancers are just as vulnerable to cash-conserving budgets and soft consumer spending as any other type of business operator. I can't wait to see how Wall Street will react when this left-for-dead growth stock gets a second wind with robust top-line increases, right next to that beefy cash flow margin.

My own investment in Fiverr is admittedly underwater, and while my near-term returns aren't looking sunny, I'm anchored in for the long-term storm. This perspective isn't just about holding fast to my own positions; it's about seeing the value in weathering the market's ebbs and flows. If you, too, are looking at the horizon beyond immediate gains, this could be a signal to consider what long-haul investments like Fiverr might mean for your portfolio, especially at current prices that might not reflect the company's disruptive potential.

Sustainable growth is the real source of shareholder value, and Fiverr's job-matching services are poised to provide plenty of that. The temporary bumps in that road to wealth-building gains are just potholes and speed bumps.

So this week looks like a good time to take action. Fiverr looks incredibly cheap right now, trading at just 2.4 times trailing sales and 18 times free cash flows. You can pick up Fiverr's high-octane growth stock at red-tag value prices, and I'm not sure the sale will persist after Thursday's third-quarter report. Sooner or later, Fiverr's rekindled growth should inspire richer stock prices too. Fingers crossed for signs of a fresh upswing.

Anders Bylund has positions in Fiverr International. The Motley Fool has positions in and recommends Fiverr International. The Motley Fool has a disclosure policy.

FIVERR HYBRID

Fiverr Announces Third Quarter 2023 Results

FIVERR HYBRID

Delivered strong results for Q3&CloseCurlyQuote;23. Our focus and execution across our core marketplace and Fiverr Business Solutions allowed us to deliver revenue and Adjusted EBITDA at the high end of our guidance.

Improving Adjusted EBITDA margins for 2023. We are raising our FY&CloseCurlyQuote;23 Adjusted EBITDA guidance range to $58.0 - $60.0 million, representing Adjusted EBITDA margin of 16.3% at the midpoint, as we continue to operate with focus and discipline.

Continued upmarket progress driving strong SPB expansion. We continue to move upmarket, with better quality and more complex projects in our core marketplace, continued migration of users towards Fiverr Pro, and the expansion of several new partners on Fiverr Certified. As a result, SPB increased $6 sequentially to $271 this quarter.

Growth in Promoted Gigs and Seller Plus contributing to take rate expansion. Both programs continue to expand - we recently added Promoted Gigs to our Fiverr Pro marketplace, and Seller Plus subscribers have now reached 25,000. These initiatives contributed to the incremental increase of our take rate to 31.3% this quarter.

Expanding the leadership team. We are pleased to announce Matti Yahav as our new CMO as of November 1st. Mr. Yahav brings with him many years of marketing experience and has worked at some of the most recognizable brands. We also welcomed Dr. Yael Garten to our board of directors. She has 20 years of extensive experience in data science, machine learning, and converting data into actionable products and business strategies.

NEW YORK, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Fiverr International Ltd. (NYSE: FVRR), the company that is revolutionizing how the world works together, today reported financial results for the third quarter 2023. Complete operating results and management commentary can be found in the Company&CloseCurlyQuote;s shareholder letter, which is posted to its investor relations website at investors.fiverr.com.

“We continue to innovate our offerings to help our community of businesses and freelancers,&CloseCurlyDoubleQuote; said Micha Kaufman, founder and CEO of Fiverr. “We are making great progress with our new Fiverr Business Solutions and see healthy expansion in our seller tools. We look to finish the year strong and strategically drive growth and shareholder value.&CloseCurlyDoubleQuote;

“We are pleased with our financial results as our balance sheet remains strong and our Adjusted EBITDA margin improved to 17.9% this quarter,&CloseCurlyDoubleQuote; said Ofer Katz, Fiverr&CloseCurlyQuote;s President and CFO. “We continue to scale our business and are focused on moving upmarket to serve higher lifetime value customers.&CloseCurlyDoubleQuote;

“The unexpected and appalling atrocities that happened in Israel on October 7 and the ongoing war triggered by the event have unavoidably impacted the region and the world. As a company, we are doing everything we can to help our employees, their families and the Fiverr community to safety and to support those who have been impacted by the attack and the war. We continue to operate at the highest level of focus and discipline given the hybrid operation that&CloseCurlyQuote;s already in place,&CloseCurlyDoubleQuote; said Mr. Kaufman.

Third Quarter 2023 Financial Highlights

Revenue in the third quarter of 2023 was $92.5 million, compared to $82.5 million in the third quarter of 2022, an increase of 12.1% year over year.

Active buyers1 were 4.2 million as of September 30, 2023 and 2022, respectively.

Spend per buyer1 as of September 30, 2023 reached $271, compared to $262 as of September 30, 2022, an increase of 4% year over year.

Take rate1 for the period ended September 30, 2023 was 31.3%, up from 30.0% for the period ended September 30, 2022, an increase of 130 basis points year over year.

GAAP gross margin in the third quarter of 2023 was 83.7%, an increase of 260 basis points from 81.1% in the third quarter of 2022. Non-GAAP gross margin1 in the third quarter of 2023 was 85.2%, an increase of 240 basis points from 82.8% in the third quarter of 2022.

GAAP net income in the third quarter of 2023 was $3.0 million, or $0.08 basic net income per share and $0.07 diluted net income per share, compared to ($11.4) million net loss per share, or ($0.31) basic and diluted net loss per share, in the third quarter of 2022.

Non-GAAP net income1 in the third quarter of 2023 was $22.6 million, or $0.59 basic non-GAAP net income per share1 and $0.55 diluted non-GAAP net income per share1, compared to $8.6 million non-GAAP net income, or $0.23 basic non-GAAP net income per share1 and $0.21 diluted non-GAAP net income per share1, in the third quarter of 2022.

Adjusted EBITDA1 in the third quarter of 2023 was $16.5 million, compared to $6.6 million in the third quarter of 2022. Adjusted EBITDA margin1 was 17.9% in the third quarter of 2023, compared to 7.9% in the third quarter of 2022.

Financial Outlook

Our Q4&CloseCurlyQuote;23 outlook and updated full year 2023 guidance reflects the volatility we experienced in our marketplace following the onset of the war in our region and the potential for increased volatility through the remainder of the year. We are maintaining our FY 2023 revenue guidance range while raising the bottom end of our Adjusted EBITDA guidance range.

Q4 2023 FY 2023 Revenue $88.1 - $95.1 million $358.0 - $365.0 million y/y growth 6% - 14% y/y growth 6% - 8% y/y growth Adjusted EBITDA(1) $14.9 - $16.9 million $58.0 - $60.0 million

Conference Call and Webcast Details

Fiverr&CloseCurlyQuote;s management will host a conference call to discuss its financial results on Thursday, November 9, 2023, at 8:30 a.m. Eastern Time. A live webcast of the call can be accessed from Fiverr&CloseCurlyQuote;s Investor Relations website. An archived version will be available on the website after the call. To participate in the Conference Call, please register at the link here.

About Fiverr

Fiverr&CloseCurlyQuote;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 Business Solutions, large companies can find the right talent and tools, tailored to their needs to help them thrive and grow. On Fiverr, you can find over 700 skills, ranging from programming to 3D design, digital marketing to content creation, from video animation to architecture.

Don&CloseCurlyQuote;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.

Investor Relations: Jinjin Qian investors@fiverr.com

Press: Siobhan Aalders press@fiverr.com

______________ 1 This is a non-GAAP financial measure or Key Performance Metric. See “Key Performance Metrics and Non-GAAP Financial Measures&CloseCurlyDoubleQuote; and reconciliation tables at the end of this release for additional information regarding the non-GAAP metrics and Key Performance Metrics used in this release.

CONSOLIDATED BALANCE SHEETS (in thousands) September 30, December 31, 2023 2022 (Unaudited) (Audited) Assets Current assets: Cash and cash equivalents $ 129,885 $ 86,752 Restricted cash - 1,137 Marketable securities 151,731 241,293 User funds 160,482 143,020 Bank deposits 117,138 134,000 Restricted deposit 1,284 - Other receivables 25,735 19,019 Total current assets 586,255 625,221 Marketable securities 311,656 189,839 Property and equipment, net 4,992 5,660 Operating lease right of use asset, net 7,525 9,077 Intangible assets, net 11,566 14,770 Goodwill 77,270 77,270 Other non-current assets 1,337 1,965 Total assets $ 1,000,601 $ 923,802 Liabilities and Shareholders' Equity Current liabilities: Trade payables $ 3,308 $ 8,630 User accounts 149,343 133,032 Deferred revenue 13,036 11,353 Other account payables and accrued expenses 48,015 41,328 Operating lease liabilities, net 2,453 2,755 Total current liabilities 216,155 197,098 Long-term liabilities: Convertible notes 454,668 452,764 Operating lease liabilities 4,836 6,649 Other non-current liabilities 2,411 1,559 Total long-term liabilities 461,915 460,972 Total liabilities $ 678,070 $ 658,070 Shareholders' equity: Share capital and additional paid-in capital 621,881 565,834 Accumulated deficit (289,059 ) (288,039 ) Accumulated other comprehensive income (loss) (10,291 ) (12,063 ) Total shareholders' equity 322,531 265,732 Total liabilities and shareholders' equity $ 1,000,601 $ 923,802 CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except share and per share data) Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (Unaudited) (Unaudited) Revenue $ 92,532 $ 82,541 $ 269,873 $ 254,236 Cost of revenue 15,075 15,631 46,373 50,134 Gross profit 77,457 66,910 223,500 204,102 Operating expenses: Research and development 23,490 22,938 68,666 71,235 Sales and marketing 40,521 41,959 121,441 134,151 General and administrative 15,791 14,489 46,894 43,399 Impairment of intangible assets - - - 27,629 Total operating expenses 79,802 79,386 237,001 276,414 Operating loss (2,345 ) (12,476 ) (13,501 ) (72,312 ) Financial income (expenses), net 5,678 1,162 13,249 2,233 Income (loss) before income taxes 3,333 (11,314 ) (252 ) (70,079 ) Income taxes (308 ) (36 ) (768 ) (109 ) Net income (loss) attributable to ordinary shareholders $ 3,025 $ (11,350 ) $ (1,020 ) $ (70,188 ) Basic net income (loss) per share attributable to ordinary shareholders $ 0.08 $ (0.31 ) $ (0.03 ) $ (1.91 ) Basic weighted average ordinary shares 38,164,996 37,205,489 37,668,006 36,843,383 Diluted net income (loss) per share attributable to ordinary shareholders $ 0.07 $ (0.31 ) $ (0.03 ) $ (1.91 ) Diluted weighted average ordinary shares 41,389,621 37,205,489 37,668,006 36,843,383 CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (Unaudited) (Unaudited) Operating Activities Net income (loss) $ 3,025 $ (11,350 ) $ (1,020 ) $ (70,188 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 1,321 1,938 4,700 8,190 Gain (loss) from disposal of property and equipment 5 (9 ) 36 (21 ) Amortization of premium and discount of marketable securities, net (123 ) 1,368 1,111 5,052 Amortization of discount and issuance costs of convertible notes 635 632 1,904 1,894 Shared-based compensation 17,557 17,612 51,906 54,729 Net loss (gain) from exchange rate fluctuations 286 12 249 183 Impairment of intangible assets - - - 27,629 Changes in assets and liabilities: User funds (3,506 ) (2,722 ) (17,462 ) (17,584 ) Operating lease ROU assets and liabilities, net (151 ) (117 ) (563 ) (1,547 ) Other receivables (3,509 ) (2,402 ) (6,256 ) (4,837 ) Trade payables 1,060 1,873 (5,294 ) (2,884 ) Deferred revenue 852 (675 ) 1,683 (529 ) User accounts 2,956 2,523 16,311 16,349 Account payable, accrued expenses and other 2,781 (1,994 ) 7,480 9,184 Revaluation of contingent consideration - (945 ) - (4,787 ) Payment of contingent consideration - - - (504 ) Non-current liabilities 210 (38 ) 852 178 Net cash provided by operating activities 23,399 5,706 55,637 20,507 Investing Activities Investment in marketable securities (81,753 ) - (262,761 ) (90,007 ) Proceeds from sale of marketable securities 69,485 34,175 232,406 117,521 Bank and restricted deposits (43,138 ) 15,000 15,613 37,863 Acquisition of intangible asset - - - (175 ) Purchase of property and equipment (223 ) (280 ) (918 ) (1,111 ) Capitalization of internal-use software and other (44 ) (116 ) (57 ) (1,019 ) Other non-current assets - (100 ) - (1,178 ) Net cash provided by (used in) investing activities (55,673 ) 48,679 (15,717 ) 61,894 Financing Activities Payment of contingent consideration - - - (1,105 ) Proceeds from exercise of share options 218 597 2,401 2,308 Tax withholding in connection with employees' options exercises and vested RSUs (20 ) (156 ) (76 ) (2,286 ) Repayment of long-term loan - - - (2,269 ) Net cash provided by (used in) financing activities 198 441 2,325 (3,352 ) Effect of exchange rate fluctuations on cash and cash equivalents (286 ) (12 ) (249 ) (183 ) Increase (decrease) in cash, cash equivalents and restricted cash (32,362 ) 54,814 41,996 78,866 Cash, cash equivalents and restricted cash at the beginning of period 162,247 98,122 87,889 74,070 Cash and cash equivalents at the end of period $ 129,885 $ 152,936 $ 129,885 $ 152,936 KEY PERFORMANCE METRICS Twelve Months Ended September 30, 2023 2022 Annual active buyers (in thousands) 4,164 4,249 Annual spend per buyer ($) 271 262 RECONCILIATION OF GAAP TO NON-GAAP GROSS PROFIT (in thousands, except gross margin data) Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (Unaudited) (Unaudited) GAAP gross profit $ 77,457 $ 66,910 $ 223,500 $ 204,102 Add: Share-based compensation and other 632 477 1,864 1,955 Depreciation and amortization 731 922 2,544 4,895 Non-GAAP gross profit $ 78,820 $ 68,309 $ 227,908 $ 210,952 Non-GAAP gross margin 85.2 % 82.8 % 84.5 % 83.0 % RECONCILIATION OF GAAP NET INCOME (LOSS) TO NON-GAAP NET INCOME AND NET INCOME PER SHARE (in thousands, except share and per share data) Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (Unaudited) (Unaudited) GAAP net income (loss) attributable to ordinary shareholders $ 3,025 $ (11,350 ) $ (1,020 ) $ (70,188 ) Add: Depreciation and amortization 1,321 1,938 4,700 8,190 Share-based compensation 17,557 17,612 51,906 54,729 Impairment of intangible assets - - - 27,629 Contingent consideration revaluation, acquisition related costs and other - (520 ) - (3,210 ) Convertible notes amortization of discount and issuance costs 635 632 1,904 1,894 Exchange rate (gain)/loss, net 98 316 (173 ) (932 ) Non-GAAP net income $ 22,636 $ 8,628 $ 57,317 $ 18,112 Weighted average number of ordinary shares - basic 38,164,996 37,205,489 37,668,006 36,843,383 Non-GAAP basic net income per share attributable to ordinary shareholders $ 0.59 $ 0.23 $ 1.52 $ 0.49 Weighted average number of ordinary shares - diluted 41,389,621 40,731,833 41,006,387 40,708,818 Non-GAAP diluted net income per share attributable to ordinary shareholders $ 0.55 $ 0.21 $ 1.40 $ 0.44 RECONCILIATION OF GAAP NET INCOME (LOSS) TO ADJUSTED EBITDA (in thousands, except adjusted EBITDA margin data) Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (Unaudited) (Unaudited) GAAP net income (loss) $ 3,025 $ (11,350 ) $ (1,020 ) $ (70,188 ) Add: Financial (income) expenses, net (5,678 ) (1,162 ) (13,249 ) (2,233 ) Income taxes 308 36 768 109 Depreciation and amortization 1,321 1,938 4,700 8,190 Share-based compensation 17,557 17,612 51,906 54,729 Impairment of intangible assets - - - 27,629 Contingent consideration revaluation, acquisition related costs and other - (520 ) - (3,210 ) Adjusted EBITDA $ 16,533 $ 6,554 $ 43,105 $ 15,026 Adjusted EBITDA margin 17.9 % 7.9 % 16.0 % 5.9 % RECONCILIATION OF GAAP TO NON-GAAP OPERATING EXPENSES (in thousands) Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (Unaudited) (Unaudited) GAAP research and development $ 23,490 $ 22,938 $ 68,666 $ 71,235 Less: Share-based compensation 6,227 5,811 18,474 18,537 Depreciation and amortization 196 200 608 603 Non-GAAP research and development $ 17,067 $ 16,927 $ 49,584 $ 52,095 GAAP sales and marketing $ 40,521 $ 41,959 $ 121,441 $ 134,151 Less: Share-based compensation 3,392 4,151 10,138 13,156 Depreciation and amortization 314 713 1,292 2,394 Non-GAAP sales and marketing $ 36,815 $ 37,095 $ 110,011 $ 118,601 GAAP general and administrative $ 15,791 $ 14,489 $ 46,894 $ 43,399 Less: Share-based compensation 7,306 7,173 21,430 21,081 Depreciation and amortization 80 103 256 298 Contingent consideration revaluation, acquisition related costs and other - (520 ) - (3,210 ) Non-GAAP general and administrative $ 8,405 $ 7,733 $ 25,208 $ 25,230

Key Performance Metrics and Non-GAAP Financial Measures

This release includes certain key performance metrics and financial measures not based on GAAP, including Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP net income (loss) and non-GAAP net income (loss) per share as well as operating metrics, including GMV, active buyers, spend per buyer and take rate. Some amounts in this release may not total due to rounding. All percentages have been calculated using unrounded amounts.

We define each of our non-GAAP measures of financial performance, as the respective GAAP balances shown in the above tables, adjusted for, as applicable, depreciation and amortization, share-based compensation expenses, contingent consideration revaluation, acquisition related costs and other, income taxes, amortization of discount and issuance costs of convertible note, financial (income) expenses, net. Non-GAAP gross profit margin represents non-GAAP gross profit expressed as a percentage of revenue. We define non-GAAP net income (loss) per share as non-GAAP net income (loss) divided by GAAP weighted-average number of ordinary shares basic and diluted.

We define GMV or Gross Merchandise Value as the total value of transactions ordered through our platform, excluding value added tax, goods and services tax, service chargebacks and refunds. Active buyers on any given date is defined as buyers who have ordered a Gig or other services on our platform within the last 12-month period, irrespective of cancellations. Spend per buyer on any given date is calculated by dividing our GMV within the last 12-month period by the number of active buyers as of such date. Take rate is revenue for any such period divided by GMV for the same period.

Management and our board of directors use these metrics as supplemental measures of our performance that is not required by, or presented in accordance with GAAP because they assist us in comparing our operating performance on a consistent basis, as they remove the impact of items not directly resulting from our core operations. We also use these metrics for planning purposes, including the preparation of our internal annual operating budget and financial projections, to evaluate the performance and effectiveness of our strategic initiatives and capital expenditures and to evaluate our capacity to expand our business.

Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP net income (loss) and non-GAAP net income (loss) per share as well as operating metrics, including GMV, active buyers, spend per buyer and take rate should not be considered in isolation, as an alternative to, or superior to net loss, revenue, cash flows or other performance measure derived in accordance with GAAP. These metrics are frequently used by analysts, investors and other interested parties to evaluate companies in our industry. Management believes that the presentation of non-GAAP metrics is an appropriate measure of operating performance because they eliminate the impact of expenses that do not relate directly to the performance of our underlying business.

These non-GAAP metrics should not be construed as an inference that our future results will be unaffected by unusual or other items. Additionally, Adjusted EBITDA and other non-GAAP metrics used herein are not intended to be a measure of free cash flow for management's discretionary use, as they do not reflect our tax payments and certain other cash costs that may recur in the future, including, among other things, cash requirements for costs to replace assets being depreciated and amortized. Management compensates for these limitations by relying on our GAAP results in addition to using Adjusted EBITDA and other non-GAAP metrics as supplemental measures of our performance. Our measure of Adjusted EBITDA and other non-GAAP metrics used herein is not necessarily comparable to similarly titled captions of other companies due to different methods of calculation.

See the tables above regarding reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures.

We are not able to provide a reconciliation of Adjusted EBITDA and Adjusted EBITDA margin guidance for the fourth quarter of 2023 and the fiscal year ending December 31, 2023, and long term to net income (loss), the nearest comparable GAAP measure, because certain items that are excluded from Adjusted EBITDA and Adjusted EBITDA margin cannot be reasonably predicted or are not in our control. In particular, we are unable to forecast the timing or magnitude of share based compensation, amortization of intangible assets, impairment of intangible assets, income or loss on revaluation of contingent consideration, other acquisition-related costs, convertible notes amortization of discount and issuance costs and exchange rate income or loss, as applicable without unreasonable efforts, and these items could significantly impact, either individually or in the aggregate, GAAP measures in the future.

Forward Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding our expected financial performance and operational performance for the fourth quarter of 2023, the fiscal year ending December 31, 2023, our long term Adjusted EBITDA margin goals, our expected future Adjusted EBITDA margin, our business plans and strategy, our expectations regarding AI services and developments, as well as statements that include the words “expect,&CloseCurlyDoubleQuote; “intend,&CloseCurlyDoubleQuote; “plan,&CloseCurlyDoubleQuote; “believe,&CloseCurlyDoubleQuote; “project,&CloseCurlyDoubleQuote; “forecast,&CloseCurlyDoubleQuote; “estimate,&CloseCurlyDoubleQuote; “may,&CloseCurlyDoubleQuote; “should,&CloseCurlyDoubleQuote; “anticipate&CloseCurlyDoubleQuote; and similar statements of a future or forward-looking nature. These forward-looking statements are based on management&CloseCurlyQuote;s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: political, economic and military instability in Israel, including related to the war in Israel; our ability to successfully implement our business plan within adverse economic conditions that may impact the demand for our services or have a material adverse impact on our business, financial condition and results of operations; our ability to attract and retain a large community of buyers and freelancers; our ability to achieve profitability; our ability to maintain and enhance our brand; our dependence on the continued growth and expansion of the market for freelancers and the services they offer; our dependence on traffic to our website; our ability to maintain user engagement on our website and to maintain and improve the quality of our platform; our operations within a competitive market; our ability and the ability of third parties to protect our users&CloseCurlyQuote; personal or other data from a security breach and to comply with laws and regulations relating to data privacy, data protection and cybersecurity; our ability to manage our current and potential future growth; our dependence on decisions and developments in the mobile device industry, over which we do not have control; our ability to detect errors, defects or disruptions in our platform; our ability to comply with the terms of underlying licenses of open source software components on our platform; our ability to expand into markets outside the United States and our ability to manage the business and economic risks of international expansion and operations; our ability to achieve desired operating margins; our ability to comply with a wide variety of U.S. and international laws and regulations; our ability to attract, recruit, retain and develop qualified employees; our reliance on Amazon Web Services; our ability to mitigate payment and fraud risks; our dependence on relationships with payment partners, banks and disbursement partners; and the other important factors discussed under the caption “Risk Factors&CloseCurlyDoubleQuote; in our annual report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC&CloseCurlyDoubleQuote;) on March 30, 2023, as such factors may be updated from time to time in our other filings with the SEC, which are accessible on the SEC&CloseCurlyQuote;s website at www.sec.gov. In addition, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements that we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this release are inherently uncertain and may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Accordingly, you should not rely upon forward-looking statements as predictions of future events. In addition, the forward-looking statements made in this release relate only to events or information as of the date on which the statements are made in this release. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

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FIVERR HYBRID

Working it out: Is hybrid the future of work?

Before the pandemic, most office workers went into the office five days a week. During the pandemic, they mostly worked from home. So, when the pandemic eased, you might have expected that they'd go back to the office five days a week.

That's certainly what Jamie Dimon, CEO of JPMorgan Chase & Co., expected. Back in May 2021 he said, "We want people back to work. In my view, sometime – September, October – it'll look just like it did before."

As it turns out, the workers' rush back to the office fulltime never happened!

For his report "The Evolution of Working from Home," Steven Davis (a senior fellow at the Hoover Institution at Stanford University) and his coauthors surveyed 30,000 Americans about work, and what they said is: hybrid hits the sweet spot. "What they really like, most people, is working from home two or three days a week," Davis said. "Because that saves on the commute time, it gives them more time with kids and family, it gives them more personal autonomy on how they organize their day. Even things as small as, 'I can have the temperature at the temperature I like!' Most people really like [hybrid]. So, that kind of broke the norm."

Of course, not all kinds of workers can work remotely. Even so, at this point about a third of Americans are working on a hybrid schedule, and that number is expected to grow as more employers go hybrid.

"We believe that the future of work is hybrid, for sure; that's gonna be the modern work style," said Kelly Steckelberg, chief financial officer of Zoom – yes, that Zoom, the company whose video chat software helped make remote working a thing in the first place.

The company now expects its own local workers to come into the office two days a week. Steckelberg said, "We have product and engineering, for example, come on Mondays and Wednesdays; sales and marketing come on Tuesdays and Thursdays. Because we don't have enough space any longer to host everyone at the same time."

Yes, Zoom is saving money on office space: "We have actually downsized our space during the pandemic. We closed some of our offices," she said.

Bringing the company's workers back after the pandemic even two days a week was an adjustment at first.

"We're all human, right? We don't like change," Steckelberg said. "Once they've been doing it for a few weeks, they remember how great it is to see their friends and colleagues in the office, and they like it more."

Of course, less time in the office means less time for new hires to learn the company culture, and less time to mentor younger workers. "You have to be a little bit more deliberate about that," Steckelberg said. "That's what we had to do during the pandemic. I would just schedule a 15-minute catch-up: 'Hey, how are you? How is your life going?' I make sure that I continue to schedule those video check-ins on a regular basis."

So, if the hybrid-work system is so great, how come we weren't using it before? One big reason: Technology – video apps like Zoom, messaging apps like Slack, and collaboration tools like Google Docs. Davis said, "If the pandemic had struck 20 years earlier, it would've been infeasible to have the same kind of shift to work from home."

Before the pandemic, there was also a stigma about working at home. How could bosses know that workers weren't just goofing off? Managers can install monitoring software on their remote workers' machines to observe what they're doing, but Davis points out, "Most workers dislike the intrusive quality that every keystroke, and where I'm looking on my computer screen, how often I'm sitting down, is being monitored. They dislike that! So, what works better is evaluating people under their performance, rather than trying to watch exactly what they do."

At Zoom headquarters, workspace executive Alana Collins showed Pogue some of Zoom's new products for hybrid work. There's an off-site receptionist, who can cover multiple floors, or even buildings; and there's a system for reserving a desk or a conference room on the days you come to work.

But "hybrid" doesn't always mean two days a week. There are many flavors of hybrid work. At the Ohio headquarters of Smucker's, the company famous for jams and jellies, CEO Mark Smucker has developed a hybrid version of hybrid. "We identify 22 weeks a year, and we say, 'We would like folks to try to be in-person those weeks,'" he said.

Generally, workers might be in the office three days a week, every other week. "We would like them to be in-person, at minimum, about 25%," said Smucker.

And the result? "Our attrition is down, and our productivity has improved," he said. "And folks really seem to like it. We been able to attract new talent from multiple geographies."

Geographies like San Francisco. Marketing executive Nicole Massey works from her West Coast home most days, but spends six days a month in Ohio. "I have my dream job; it's based in Ohio, working with people that I really like working with," she said. "But I have my dream life and my family in California."

Working hybrid, though, does take work. Massey said, "You have to really think about: What am I gonna do this week when I'm in the office? Or the reverse is: What am I gonna do when I'm remote? Because in order to get the best of both, you have to be intentional about it."

So: the hybrid employer gets improved morale; better productivity; lower real-estate costs; and the ability to hire from beyond the local area. The hybrid employee gets more time with family and community; less time commuting; and the ability to control the thermostat.

And the planet gains cleaner air, because less time commuting means less polluting.

Pogue asked, "This is starting to sound like a win-win for all parties. I mean, who loses in the hybrid arrangement?"

"Oh, there are some losers," said Davis. "If you go to downtown San Francisco, you'll see the losers."

It's true. In the top ten U.S. cities, office attendance is about half what it was before the pandemic. With so few people coming downtown, everything is collapsing: the price of real estate, tax revenues, and transit ridership. And think about all the restaurants, bars and hotels. Many have shifted schedules or even closed.

The last time America's work schedule shifted so dramatically was during the Great Depression, when Franklin Roosevelt signed the 40-hour work week into law. Now, after the upheaval of the pandemic, Stanford's Steven Davis is confident that the five-day in-person workweek is history.

"I think we're close to the new normal," Davis said of hybrid. "There's more choice for people now, and that's why it's a good thing. People have more flexibility, more personal autonomy in how they want to organize their lives."

For more info:

Story produced by Anthony Laudato. Editor: Jason Schmidt.

15 Low-Capital Work From Home Side Hustle Ideas

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Freelance work and the gig economy is projected to grow dramatically by 2030, replacing and ... [+] supplementing incomes as we adjust to the inflated cost of living

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The global freelancing and side gig industry, known as the gig economy, is projected to swell to a staggering $14.39 billion by the year 2030, and is on track to be the largest contributor to the overall workforce, making up 5% of the U.S. GDP and growing 15 times faster than the traditional job market. Despite over 50% of freelancers only making less than $55,000 per annum on average, this industry is rapidly accelerating? Why?

It turns out that approximately 60% of those who embrace this trend admit that they make more in their gig work than in their previous jobs. Another 70% opt in for making their side hustle a full-time freelance venture despite the pay uncertainty, lack of team bonding, and irregularity of work, so they can maintain a healthy work-life balance.

This is because there is a huge variety of gig work that can be performed online, allowing you to work from home as and when you wish, without the constraints of reporting your work location to an employer. Perhaps not surprisingly, the vast majority of freelancers are Gen Z and Millennials, accounting for 70% of the freelance and side hustle workforce globally.

What You Need To Know First

If you're considering embracing this trend and opting in for freelance work as a side hustle, to replace a full-time job altogether, or as something to tie you over while you are job-hunting, here are a few things you need to know:

Most freelancing endeavors require some small investment or start-up capital: you'll need basic tools, software, and equipment such as a laptop, fast and reliable internet, headphones depending on the type of work you are doing, a website and social media presence for your business, and ideally, a dedicated space in your home to focus on the work. You will also need to think about potential insurance and licencing costs depending on the type of work you are performing.

Some of the below ideas may call for slightly more financial investment, particularly if you're driving marketing campaigns, conducting consumer research, or need to purchase more software to enable effective delivery of the work for your clients.

In addition, freelancing is not going to be easy. You may need to fork out hundreds of hours and sleepless nights to research it, and get it off the ground to a point where you are in a position to take care of yourself and your family financially. There will be dry spells, where there may be promising months at certain times of the year, and depending on current market conditions, hardly any clients or income for another month or two. You'll need resilience, patience, and determination to see your venture through.

Some work from home freelance and side hustle ideas include:

Small business consulting

Virtual fitness coaching

Virtual event management

SEO services and consulting

Teaching English as a foreign language online

Podcast hosting

Affiliate marketing

Here are eight other ideas you can select from:

Freelance Writing

As a freelance writer, you can earn money by focusing on a niche (preferably something you're already familiar with and passionate about) and writing about it via a personal blog (and using affiliate links to drive traffic to sites where you can gain a commission), guest-blogging, and even becoming a regular contributor to a reputable publication.

Usually all you'll need is your expertise, good writing skills (which can be polished over time), and your laptop.

Graphic Design

Graphic designers use their design knowledge to create a visual representation of a product or service, or to communicate ideas in a captivating way. They develop the overall layout and design for brochures, social media posts, some website features, logos, and even magazines or reports. As a graphic designer you will rely on software tools to perform your work, which is usually one of your main costs.

Social Media Management

As a social media manager, you would be launching social media marketing campaigns for clients and coordinating their press efforts across multiple platforms, ensuring they have optimal brand and product visibility. This requires you to have good experience and previous success within this field, which you either already possess or can obtain through volunteering to do it for free initially, so you can build your portfolio.

Social Media Influencing

The influencer marketing industry is one that is witnessing significant growth, forecasted to reach over $143 billion by 2030. It is being propelled by major brands who are seeking to partner with social media influencers to gain more visibility for their products. As a social media influencer, you could decide on a range of niches, for example you could be a lifestyle influencer, or focus on parenting, fitness, cooking, comedy, or fashion. The main aspects that will get you through the door are your personality and number of followers.

Online Course Creation

If you've worked in an industry or profession for a number of years and could describe your role with your eyes closed, why not teach what you know? With the e-learning market anticipated to hit a staggering $848 billion by 2030, this is certainly a sector that is in demand. With some careful resource planning and effective marketing, you can design and deliver an engaging course that sells on your own website, or course hosting platforms such as Udemy or Thinkific.

Online Tutoring

Similarly to online course creation, you can tutor pupils in any area you have previously taught or are confident in, and can choose to specialize in music such as instruments or singing, or teach an array of lessons from math to English for students at specific levels.

Life Coaching

Almost anyone can be a life coach. Coaching is generally an unregulated industry, so to stand out, you'll need a solid portfolio of clients who can recommend you and your work (which you can obtain for free initially) and you need to focus on a niche and sub-niche. You can also explore gaining coaching certifications so clients can trust you.

App Development

If you already have experience as an app developer, why not turn it into a profitable gig and service small business clients? You can even create some apps without code using platforms such as Bubble, Softr, or Glide.

Tutoring online is a fantastic freelancing idea to consider if you want to work remotely

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Freelancing and side hustling will require some upfront effort and painstaking; however, if you are consistent, perform market research, seek professional advice, and follow your passion, it will truly be rewarding for your financial freedom and work/life balance in the end, no matter which idea you choose.

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10 Work From Home Sales Jobs You Can Start Right Now — No Experience Required

Have you ever wanted a job where you sell a product you believe in and maybe even use yourself, while at the same time you get to work from home, make your own hours and be your own boss? If so, it sounds like you’d enjoy working as an independent sales representative for a direct sales company. These are jobs where you partner with a company that sells a certain type of product (such as kitchenware or jewelry) and earn a percentage of the sales you make as commission. But instead of working inside a store for set hours, you’d set up your business at home and make your own schedule. Sound right for you? Read on to learn how you can reap the financial rewards of work from home sales jobs.

(Click through to see more ways to make money working from home.)

Work from home sales jobs: Where do I start?

There are many direct sales companies that are eager for home-based independent sales representatives to join their team right now, such as Tupperware, Mary Kay and doTERRA. And they make it easy to get started to launch your work from home sales jobs: For a small fee, they provide you with ample coaching, sales materials and in some cases customer samples. Then you go out on your own and host in-person, virtual or hybrid parties, manage a sales website (that’s provided by the company for a small fee) or use your own social media accounts to connect with your customers. Not only do you earn an income, but you also frequently get discounts on products you want to buy for yourself! On top of all of that, many companies offer network marketing opportunities, where you can build a sales team and earn additional commissions from your team’s sales.

Do I need experience for work from home sales jobs?

In many professions, certain personality traits or skills are required to be successful, for example, athletes need to be competitive and accountants need a head for numbers. But that’s not the case with a direct sales career. “I don't think there is a one-size-fits-all for those who thrive,” asserts Katy Ursta, a direct sales consultant at ChicInfluencer and author of Direct Sales Done Right. “The beauty of the industry is that no skillset is required. However, there has to be a willingness to be coachable,” she says. That’s because these companies have been selling their products for many years, so they’ve honed the best practices for sharing information about what they sell. And they want to make sure you know them, too!

Do I need experience to try a work from home sales job?

Although past sales experience can help you start your business, truth is, you can learn as you do it. “Like any business, with time and consistency, we become better at our skillset,” says Ursta. “We can't expect to become an expert overnight. Even though some people do make it look easy, trust me, it took them time to learn, too!” she assures.

How can I start my own work from home sales job?

The first step to take is to decide on a product to sell. So, think of products you already buy and match them with companies looking for direct sales reps. For example, if you’re a wine fan, you’d probably enjoy selling wines for Traveling Vineyard. Or if you’re a home cook, you’d likely enjoy selling kitchen tools for Pampered Chef. And, of course, if you already buy products from a direct sales company, selling them as a direct sales rep would be a natural fit.

Fortunately, there are a wide variety of products you can sell for direct sales companies for your work from home sales job, so you have your pick. Even better, these 10 companies will help you set up your own business by providing coaching, catalogs and product samples all for less than $100! And because they’re recognized brands that have been around for decades, you can rest assured that you’re joining a company you can put your trust in.

How do I avoid being scammed?

While there are many legitimate direct sales companies that you can trust, unfortunately, some of these work from home sales jobs are scams disguised as genuine direct sales businesses. Luckily, there are ways to spot these unscrupulous companies so you can avoid them. For example, rather than focusing on selling products, fraudulent companies pressure you to recruit more and more salespeople. Genuine companies want you to focus on selling their products since their reputation is based on their merchandise. Other red flags to watch for include making exaggerated promises of how much money you’ll earn, being unclear about what your exact commission will be, not providing training and support, and not having a physical address or phone number where they can be reached.

7 work from home sales jobs you can cash in with1. Work from home sales job: Help folks organize their kitchen with Tupperware

Orlando Sentinel / Contributor/ Getty Images

Pride yourself on always having airtight containers on hand for leftovers and baking ingredients? Love the way they make your kitchen tidy and organized? You’d be a shoo-in as a Tupperware Representative! You’d be joining an iconic brand that was launched way back in 1946 when chemist Earl Tupper created his famous innovative non-breakable plastic containers that have been a kitchen staple for generations.

Get started: Tupperware’s Starter Kit ($49) comes with more than $150 worth of products including the Classic Silicone Spatula, Measuring Mates Set, Thatsa Jr. Bowl, SuperSonic Chopper Compact, 10 printed catalogs and a 3-month free Pro my.tupperware subscription featuring a personal selling website.

How much you’ll earn: 25% commission on product sales with the potential to earn up to 35% for meeting a certain number of sales for each month.

What you’ll sell: Food storage containers, baking tools and cookware.

Related: 10 Photos of Tupperware Parties That Will Take You Right Back to the Past

2. Help women get a ‘glow-up’ with Mary Kay cosmetics

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If you enjoy trying new shades of lipstick and beautifying with a skincare regimen, you’d enjoy being a Mary Kay Independent Beauty Consultant. Launched by Mary Kay Ash, this well-known company has been selling high-quality cosmetics and skincare products since 1963.

Get started: Mary Kay’s eStart Plus ($45) comes with Mary Kay product samples (such as TimeWise Miracle Set, Clear Proof Deep-Cleansing Charcoal Mask and Mary Kay Supreme Hydrating Lipstick) and selling resources (that includes a pack of 50 sales tickets, 30 beauty profile cards and 10 The Look catalogs).

How much you’ll earn: Up to 50% commission on product sales.

What you’ll sell: Makeup, makeup tools, skincare and moisturizers.

Success story: "I make $500 a month sharing Mary Kay products!"

Belinda Fraley Huesman

"My mother always instilled in me the importance of a good skincare routine. So when I was invited to a Mary Kay party in 1995, I eagerly accepted. I was going through a divorce, and the positivity of the women and quality of the products uplifted me," says Belinda Fraley Huesman.

“It was such a good experience that I decided to become a Mary Kay independent beauty consultant myself. You can sign up online or in person then connect with another consultant in your area to purchase the starter kit. The company sets you up with tools and training for success, including the option to create a website so customers can order directly from you."

“I purchase inventory at a 50% discount every three months to remain an active consultant, and then sell those products at a retail price suggested by Mary Kay. As a songwriter who frequently travels to and from Nashville, I spend anywhere from 2 to 10 hours a month on my Mary Kay business, which earns about $500 a month. I used to hold events, but these days I usually sell with face-to-face purchases. I also share my website with my customers for added convenience."

“I love meeting new women, hearing their stories and seeing how Mary Kay has changed their skin and lifestyle. It’s easy for me because I truly believe in their products and use them daily. When I look in the mirror, I see my mom looking back at me proud that I heeded her advice!” — as told to Hannah Chenoweth

3. Work from home sales job: Teach aromatherapy benefits with doTERRA essential oils

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Millions of people turn to essential oils to relax, get better sleep or boost energy. If you’re among them, then you’d be a natural fit as a Wellness Advocate for doTERRA . Since 2008, doTERRA (a Latin derivative, meaning “gift of the earth”) has been creating high-quality essential oils in a wide variety of aromas.

Get started: doTERRA offers a custom-built starter kit where you pay $35 for a membership, then buy products at wholesale prices.

How much you’ll earn: 25% commission on product sales.

What you’ll sell: Essential oils, diffusers, bath and body products and wellness products.

Success story: “I make up to $500 a month selling essential oils.”

Kate Fitzpatrick

“I run a social-media company, but I really wanted to do something more meaningful. So I was thrilled when one of my clients told me about an opportunity to become a wellness advocate for doTERRA (doTERRA.com), a company that educates people about how to use essential oils," says Kate Fitzpatrick. "I was already using the oils to quell my anxiety and boost my kids’ immune systems and help them sleep better. So when I learned I could help others achieve wellness through essential oils, and I could make money doing it, I knew it was perfect for me."

“Getting started was simple. I signed up for a membership, which costs $35 a year, and also makes you eligible for discounts on products. Plus, doTERRA provides free virtual training and they gave me a marketing resource kit, fact sheets, and a guide to the various oils that I bring to my classes. I even had a mentor who helped me teach my first few classes so I would feel prepared to go out on my own," she explains.

“I generally host classes in someone else’s home or at a local tea shop or wellness center. I find most of my clients through word of mouth or when I post on Facebook about how I use essential oils, and I make money when my clients place orders. And if people choose to become wellness advocates themselves, I make a percentage of their sales as well."

“I spend between three and six hours a week on this work and I earn $200 to $300 a month, but I have made up to $500 a month," attests Fitzpatrick.

“I love that I get to empower people, particularly moms, to use essential oils to help their kids feel better and take control of their health. I also love the money I make — extra cash that goes toward bills or the occasional coffee or lunch out." — as told to Julie Revelant

4. Share your love of reds, whites and rosés with Traveling Vineyard wines

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All you need is a love of wine to become a Wine Guide for Traveling Vineyard. They’ll teach you the rest, such as how to host in-home tastings and pair wines with food. Then you can go on to sell Traveling Vineyard’s collection of high-quality, affordable, award-winning wines to other wine lovers like you.

Get started: The Essentials Kit ($99) gives you $225 worth of products to get you started with your first two tastings and beyond and includes 10 bottles of wine, the Magic Decanter Aerator, a Stainless Steel Waiter’s Style Corkscrew and more.

How much you’ll earn: Up to 35% commission on wine tastings, REWINED subscriptions and online shopping cart orders.

What you’ll sell: A curated collection of wines that include cabernet sauvignons, pinot noirs and zinfandels.

Success story: “I make 6 figures a year on wine tastings!”

Debbie Allen

“I was a stay-at-home mom with two young kids, but I was looking for a way to make money to cover my car payment," says Debbie Allen. "So when another mom told me I could earn money offering wine tastings for a direct sales company called Traveling Vineyard, and that I didn’t need any experience, I was excited."

“I purchased the starter kit, took the free online training courses the company offered and within three weeks, I held my first tasting," she explains. “Before each event, I set up an invitation for the host, and with her input, I select five wines to offer. I also send food pairing ideas so she can have some hors d’oeuvres for guests to snack on. "

“The presentation and tasting last 45 minutes to an hour, then the guests order wine and wine accessories — about three hours in total. At first, I hosted one tasting a week and earned about $100 per event. But after a few years, when my kids got older and I had more free time, I grew my business, mostly through referrals. I built a team of wine guides and helped mentor them and grow their businesses."

"Today I have more than 1,200 team members nationwide. I still host tastings, but I also earn a percentage of my team members’ sales — and that provides me with a six-figure salary that supports my family and has given me the freedom take vacations to Disney World and the Caribbean with my family and Portugal and Spain with my husband. "

“I’ve always craved freedom, and working for Traveling Vineyard has allowed me to work from home, schedule my work around my life, raise my children and have fun — all while making money. The friendships I’ve made over the years are just icing on the cake!” — as told to Julie Revelant

5. Equip aspiring home cooks and bakers with Pampered Chef kitchen products

Count cooking or baking among your favorite hobbies? You can join other recipe-making enthusiasts as a Pampered Chef Consultant selling high-quality kitchen tools that make it easier to whip up favorite meals and desserts.

Get started: TheStart-Up Kit ($25) is a $95 value that includes a Consultant Apron, Mini Mix 'N Scraper, Season's Best and more.

How much you’ll earn: 20% to 25% commission on product sales.

What you’ll sell: Cookware, bakeware, kitchen tools, small appliances, barware and serveware.

Success story: "I make 6 figures selling cookware!"

Stacy Itzel

"When I was a child, my parents struggled financially, but mealtimes were always a sacred time for our family," says Stacy Itzel. "College wasn’t an option for me, and I got married and had children at a young age. It was important for me to be a stay-at-home mom and homeschool my kids, but in 2005 my husband and I were struggling on one income and had nearly $5,000 worth of credit card debt. When I thought about ways I could bring in money, Pampered Chef came to mind. I had hosted and attended several parties, and becoming a consultant seemed like a flexible and fun way to supplement our income," Itzel says.

“A friend who was a consultant helped me get started. At that time, I paid $90 for the initial start-up kit. I hosted a launch party and invited my family so I could practice selling stoneware, pots and pans, cutting boards and knives and other tools."

“At the parties, we make a dish, have a drink and shop. I also run online parties where we play games and I share recipes and videos of product demonstrations.

“Eventually, I started helping other people bring on more consultants and build teams. It took me 12 years, but I now have 1,000 people on my team. Today I host six to eight in-person parties a month and a few online parties a week.

“I love making cooking and entertaining easier for people and helping other consultants grow. I make a six-figure income, which has allowed me to take family vacations, pay for college and even adopt another child!” — as told to Julie Revelant

6. Work from home sales jobs: Outfit shoppers with Thirty-One bags & accessories

Love how the right tote or handbag can help you carry all your items while also making you look more fashionable? You’d be perfect as a Consultant for Thirty-One. Offering a wide selection of beautiful and practical bags and accessories since 2003, Thirty-One makes it easy to take everything you need on the go.

Get started: The Starter Kit ($50) is a $177 value that includes 5 styles of bags.

How much you’ll earn: 25% commission on product sales.

What you’ll sell: Backpacks, coolers, lunch bags, totes, travel bags and wallets.

7. Help folks manage their busy lives with Tula Xii customized planners

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If you swear by the ability of the right planner to keep you organized, you’d be a great match as a Tula Xii Brand Ambassador. In this role, you’d be helping clients customize a stylish and functional organizer, including choosing covers, inserts, magnetic clips and more.

Get started: The Sign-On Kit ($49) includes 1 XL Grotto Pro Cover, 3 XL sized inserts, 1 jump band, 1 month of your website (tulaxii.com/YOURNAME) and more.

How much you’ll earn: 25% to 35% commission on product sales.

What you’ll sell: Planner covers, inserts and accessories, wall calendar boards and more.

8. Inspire delicious meals with Tastefully Simple seasonings

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Enjoy home-cooked meals that are quick enough to make so they fit into any hectic schedule? That would make you an ideal Tastefully Simple Consultant. You’d be helping your customers who want to make delicious meals in only 30 minutes with mixes, seasonings and sauces that contain no artificial colors, sweeteners, preservatives or flavors and are USA-made.

Get started: The Starter Business Blast Off Kit ($49) is for someone looking to run primarily an online virtual business and includes over $100 worth of products that can help you with your first online party. The Business Blast Off Kit ($99) is for someone looking to offer a variety of party options and includes over $180 worth of products that can be used for in-person tastings, online parties, catalog parties, expo events and more.

How much you’ll earn: Up to 40% commission on product sales.

What you’ll sell: Meal prep kits, mixes, sauces and seasonings.

9. Introduce parents and grandparents to fun kids’ games from Discovery Toys

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If you look forward to spending hours playing fun, educational games with the little ones in your family, you’d be the right type of person to become a Discovery Toys Play Advisor. For more than 45 years, Discovery Toys has offered a wide range of toys, books and games for every stage of early development from infancy through grade school.

Get started: The Online Starter Option ($20) is for sales reps who want to primarily sell online and comes with three months of your own personal Discovery Toys storefront website for free. The Join My Team Option ($79) is for sales reps who want to sell online and in person and allows you to pick $140 in Discovery Toys products and/or business tools plus one month of your own storefront website for free.

How much you’ll earn: Up to 34% commission on product sales.

What you’ll sell: A wide selection of products for infants through grade schoolers, including puzzles, card games and construction kits.

10. Work from home sales jobs: Share ways to sparkle with Park Lane Jewelry

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If you’re a fan of stylish, handmade jewelry, you’d be a natural fit as a Fashion Stylist for Park Lane Jewelry. Since 1955, Park Lane has been showcasing unique, fashionable, handcrafted creations that make their customers shine.

Get started: The Basic Kit ($99) gives you $500 in the jewelry pieces of your choice, Park Lane logo boxes, 5 adjustable ring sizers and more.

How much you’ll earn: 30% to 32% commission on product sales.

What you’ll sell: Bracelets, earrings, necklaces and rings.

What tools do I need for work from home sales jobs?

“A phone, a computer and Wi-Fi are the tools needed to get started,” notes Ursta. Also smart to have: Social media accounts. “In this day and age, we benefit from having a social media ‘storefront’,” Ursta notes. “Even if you’re running a business through vendor events, in-person shopping or at-home parties, social media is a way for people to feel connected to you. Social media (whether it's Facebook, Instagram or TikTok) will help you build brand awareness. It's like allowing people to window shop what you do, what you sell and how you uniquely serve (I call this your unique sharing proposition). I also recommend The Direct Sales Done Right 52-Week Social Media Game Plan (Buy from Amazon, $18.71) to help you set your business goals with your marketing goals.”

What is a challenge I might face with work from home sales jobs?

“When I work with my direct sales clients, we first establish how much time they have to allot to their business,” says Ursta. “Often, when we start a business, we don't realize how long certain tasks are going to take so we’re left feeling overwhelmed and frustrated because we don't have enough time. One of the greatest perks of direct sales is that it's a business designed for many women who can make a part-time commitment (I started as a teacher!). So the first thing that we want to do is ask ourselves, ‘How much time am I to work on my business daily?’ Once that is established, we create a list of income-producing activities that fit into the time we have allotted to work. Typical actions for those getting started include creating social media content, sending invites, engaging with our clients, answering messages and emails, following up and asking for referrals. I also encourage women to set aside time each day for business development and personal development to help sharpen their skills.”

How can I improve my chances of success?

“Approach direct sales with a business mindset as opposed to just a hobby,” advises Ursta. “No matter if you have 5 hours a week or 40 hours a week to commit to your business, you have to approach it like a business. This means having a vision for what you want to achieve with your business, setting goals for your business, creating an action plan for your business and taking the action that will bring you one step closer to the outcome you want to achieve.”

For more work-from-home jobs, click through the links below!

7 Evening Work From Home Jobs — No Degree or Experience Needed

5 Easy Ways to Make Money With Work From Home Teaching Jobs

5 Genius Ways You Can Work for Walmart — From Home!

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Does Working From Home Save Companies Money?

When the pandemic hit, many Americans with jobs that didn’t require face-to-face interaction were forced to work from home. This paradigm shift in how companies and employees managed operations created new norms and expectations. Many employees enjoyed ― and continue to embrace ― the freedom and flexibility of remote work plans.

Business owners have other factors to consider. If allowing your team to work from home can help you reduce operational costs or give your company other competitive advantages, you have a win-win situation. Here’s what business owners should know when evaluating the benefits of allowing remote work.

How working from home can save companies money

Along with remote work’s benefits for workers, business owners may find that remote work saves their companies money. For example, Sun Microsystems identified telecommuting-prompted savings of $68 million yearly in real estate costs while Dow Chemical and Nortel saved over 30 percent on non-real estate costs.

According to Global Workplace Analytics, nearly 60 percent of employers identify cost savings as a significant telecommuting benefit. It estimates that for all remote-work-compatible jobs, if everyone who wanted to work remotely did so just half of the time, the total money saved would be over $700 billion annually. This averages out to more than $11,000 per employee per year.

Here are some concrete ways remote work saves businesses money:

Remote work saves on rent and utilities: If most of your team works from home, your office space needs won’t be as significant, saving money on rent and utilities.

Remote work saves on relocation costs: Many companies pay for key employees to relocate. However, this isn’t necessary if the employee can remain in the same place and work remotely.

Remote work saves on cleaning services: With minimal staff onsite, your cleaning services bill will likely decline significantly.

Remote work saves on security costs: You could eliminate or reduce the cost of security guards and other business security systems when your office space is minimal or nonexistent.

Remote work saves on food costs: Businesses sometimes provide highly rated water delivery, cafeteria and coffee services or serve refreshments during meetings. You’ll eliminate these costs and the cost of paper goods if you have remote employees.

Remote work saves on office equipment costs: With fewer employees coming to an office, you need less office furniture and computer equipment and fewer supplies.

Remote work saves on tax costs: Three factors determine a company’s tax burden: payroll, sales and property. Making changes to accommodate remote workers could reduce your tax burden.

Remote work tools and platforms can help your team stay connected. Consider Slack for communication, Zoom for video calls and conferences and RemotePC for remote access and support.

Additional benefits of a remote workforce

While direct money savings are crucial, other telecommuting benefits can save money in the long term.

1. Telecommuting can improve employee recruitment and retention.

It’s no secret that employees welcome remote work options. According to data from McKinsey’s 2022 American Opportunity Survey, 87 percent of employees will choose a remote work option when offered.

Enabling telecommuting and other flextime arrangements makes your company a more attractive place to work for existing employees and new recruits. For example, parents with child care responsibilities will appreciate the flexibility while other workers can enjoy an improved work-life balance. Happy, appreciative workers will likely stay, reducing employee turnover and boosting engagement.

2. Telecommuting increases productivity.

While allowing employees to work from home requires trust, your business could benefit from increased productivity. In a joint study from the University of Chicago and the Mexico Autonomous Institute of Technology, 40 percent of respondents found their work-from-home productivity better than their in-person productivity. Additionally, 60 percent said they were more productive at home than expected.

Consider that office environment affects productivity. Remote workers can create an ideal environment free from noise and distractions. Additionally, stress can impact productivity, and remote workers don’t have to deal with the stress of commuting, which means they can focus on the task ahead instead of taking time to calm down after tackling the morning rush hour.

If you’re concerned about remote workers’ productivity, consider using employee monitoring software to ensure employees remain engaged while working from home.

3. Telecommuting reduces payroll costs.

According to the Bureau of Labor Statistics, many employees would prefer to work from home instead of getting a pay raise. While businesses should always strive to provide fair, competitive compensation, enacting a telecommuting plan lets you reward employees while keeping payroll costs down.

Additionally, Global Workspace Analytics estimates that employees who work from home full-time save between $2,000 and $7,000 in transportation and work-related costs, giving them the equivalent of a raise. Many employees can also qualify for home office tax breaks. If the employee saves money on after-school programs or elder care, which only adds to the benefit.

4. Telecommuting can reduce employee absenteeism.

Remote work policies can reduce employee absenteeism as employees respond to the benefits of greater flexibility. Flexible scheduling allows team members to fit their work around personal obligations that would otherwise necessitate time off.

A flexible work schedule may also lead to healthier employees. Remote workers tend to bounce back more quickly from illness, and there’s no risk of one cough or cold traveling through your entire workforce ― reducing employee sick days overall. Additionally, some employees will feel well enough to get some work done when they’re feeling under the weather if they can do so from home.

5. Telecommuting eliminates unnecessary meetings.

Most business owners appreciate that meetings can be a time suck and waste precious resources. Keeping everyone on track and organized is challenging, even with the most stringent agendas.

Additionally, delays result from trying to coordinate people from multiple departments into one venue. With online meeting technology, you can still collaborate, but your meetings will likely be better planned and remain on message.

To improve meeting productivity ― virtual and in-person ― set strict time limits, distribute a meeting agenda and ensure actionable follow-up tasks.

The costs and drawbacks of remote work

Remote work may save money, but it incurs some costs ― at least initially. For example, you may need to make infrastructure changes to support remote workers and prepare for remote technical support issues. While many solutions exist, you must factor these costs into your budget. You also must consider the software and tools your team will need for efficient remote work, including video conference software and communication tools.

Aside from costs, you may face the following drawbacks when enacting a remote work policy:

Remote work isn’t a good fit for everyone: Teleworkers must have the skills to succeed as remote workers, including being self-directed and comfortable working with remote technology. Additionally, they must realize that working from home isn’t a replacement for daycare unless work can be scheduled around their child’s needs. They must have a defined space for their home office and be able to work without distractions.

Remote employees may have career progression fears: Some employees may fear telecommuting will impact their professional development and career progression. They may feel overlooked without a chance to adequately showcase their skills. These employees may require regular communication via email, chat, phone or even face-to-face meetings to reassure them that out of sight doesn’t mean out of mind.

Remote work has data security issues: Security issues can be easy to solve, but they must be addressed and could be a potential drawback for your company. You’ll need to provide security training for all employees, which will impact cost savings.

Remote work brings collaboration concerns: Some businesses require energy in the room to fuel effective collaboration. If your company works this way, distance could inhibit your collaborative processes.

Remote work brings Occupational Safety and Health Administration (OSHA) and employment law concerns: There may be employer liability concerns with incidents like accidents in a remote worker’s home. OSHA has several directives for work-from-home employees, and you’ll still be responsible for ensuring a safe, healthful workplace. There could be issues if you’re aware of dangerous conditions in your workers’ homes. For example, if your employee works in their basement and the stairs leading to this space are unsafe, this can create legal issues you must explore.

Local issues may impact remote work: Some homeowner associations and communities prohibit home offices. There are also clauses in home insurance policies that do not permit working from home. Before agreeing to a remote working arrangement, you must ensure your employees are fully aware of these potential issues.

Remote work may have tax implications: While you may be able to cut costs, there are some potential tax implications associated with remote workers. For example, some cities, such as New York, impose taxes on remote workers whether they work in the city or not. If a worker lives in Connecticut, the business may owe taxes to both states.

The future of remote work

Since working from home became a reality for millions of Americans, more potential employees view remote work as a crucial employee benefit. When you combine this attitude shift with the environmental benefits of working from home, the convergence of two megatrends means everyone returning to the office is unlikely.

Many business owners should consider allowing all or some employees to work from home at least some of the time. Remote work can save your company money, improve productivity, reduce turnover and absenteeism and improve job satisfaction.

Of course, the nature of your business may disallow remote work. However, if possible, letting employees work from home may contribute to its overall success.

Jennifer Dublino contributed to this article.

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