Expanding short-form video content on social
The social media landscape is quick to evolve, and businesses have moved just as fast to adapt their content for the most lucrative channels with the widest reach. Since TikTok disrupted the market with short-form video, other social platforms like Instagram and YouTube have created their own short-form video features, with mixed predictions for performance.
However, there are signs that the adoption of short-form content by other platforms has been a huge success. Business leaders and marketers are taking advantage of the ad potential on platforms like YouTube Shorts and Instagram Reels. This shift in content format has also generated new possibilities for influencers and partnerships: searches for “Influencer Marketing” saw a 78% increase in the last six months. Given the dramatic growth in popularity of YouTube Shorts, searches for “YouTube Influencer” alone increased by 145%.
Youtube Shorts Video
Instagram Reel Editor
TikTok Manager
Integrating AI tools
As businesses became aware of new opportunities to advance through AI, searches for AI-related services on Fiverr skyrocketed. The number of searches for “ChatGPT” in the last six months were comparable to searches for “Facebook” and high-demand services such as “Product Design.”
Companies are looking for freelance experts skilled in using specific generative AI tools. As a result, searches for platforms like “Jasper,” an AI content generation platform for businesses, exceeded those of typically high-volume searches, such as “TikTok Video” and “Custom Logo.” Many companies are exploring ways to integrate AI into their business platforms through AI applications, working with skilled freelance developers to build custom AI solutions. Since the beginning of the year, earnings for freelancers offering AI services related to programming & tech — such as AI app development — were responsible for the majority of revenue for AI services.
AI
AI Art
Artificial Intelligence
Keeping consumers shopping small
While the full impact of the global economic downturn remains uncertain, there are signs consumers have become more price-conscious and are cutting back on spending. For small business owners and online retailers, this means sharpening their marketing strategy to keep customers shopping, even when wallets are tight.
Navigating a challenging market, business owners are looking for experts to help them tailor their strategies on platforms like Etsy and Shopify. Searches for freelancers with expertise as strategists and managers on these platforms saw a major uptick, as business owners look for guidance on how to draw in new and retain existing customers.
Etsy Sales
Etsy Digital Planner
Shopify Manager
*To better capture newly emerging trends, for this edition of the Business Trends Index, included terms did not need to have a minimum search quantity in the first 6 months. However, they needed to have at least 1,000 searches in the second 6 month period. Previous editions of this index required that searches have at least 5,000 searches in the first search period.
Australia
Accounting and Finance
AI
YouTube Video Script Writer
Australia
AI
Shopify Virtual Assistant
Online Course Content
Australia
Website Creation
AI
Flutter Developer
Australia
AI
Powerpoint Presentation Design
Audio Transcript French
Australia
AI Art
YouTube Voice Over
YouTube Shorts
Australia
AI
Accounting and Finance
Website Development
Australia
Claymation
AI
Brand Identity Design
Australia
Accounting and Finance
AI
YouTube Video Script Writer
Germany
AI
Shopify Virtual Assistant
Online Course Content
France
Website Creation
AI
Flutter Developer
Israel
AI
Powerpoint Presentation Design
Audio Transcript French
Netherlands
AI Art
YouTube Voice Over
YouTube Shorts
United Kingdom
AI
Accounting and Finance
Website Development
US
Claymation
AI
Brand Identity Design
Over the last six months, businesses have faced the challenge of adapting to major global economic and technological shifts. Business leaders are eager to find ways to pivot their organizations to perform better, and are looking to the latest platforms, technologies, and talent to elevate their businesses.
This theme lies at the core of Fiverr’s Seventh Business Trends Index, which reveals a series of newly emerging trends that have recently become the focus of businesses across the globe, based on an uptick in searches on the platform. The main trends we’ve identified are (1) The dominance of short-form videos, specifically on YouTube, (2) an increasing interest in leveraging generative AI tools, such as ChatGPT and Midjourney and (3) a growth in strategic efforts by Etsy and Shopify businesses to boost their store profiles, even in an economic downturn.