The main difference between Fiverr and Innovolo in the services that they offer. Innovolo is an end-to-end product development solution so its services are appropriate for large-scale projects with multiple variables, whereas Fiverr covers only low-level tasks.
Remember the old saying, "you get what you pay for"? Unfortunately, like most things in life, it does not necessarily hold. For example, just because you pay more doesn't mean you'll get a better product; similarly, just because something's cheap doesn't mean it's terrible.
For example, let's compare Fiverr's services with your local supermarket. You can buy a bag of oranges for less than $5 or pay more and get a load of golden delicious apples. But are the apples better? It depends on what you need. If you're allergic to oranges, it doesn't matter how much money goes into that apple; you won't buy it.
It's the same story with Fiverr and Innovolo. Both are providers of product development as a service. They use different methods to get your job done, but both can produce great results if you know how to make them work together. So that's the subject of our article today: how do to decide if Innovolo or Fiverr is the best choice for your product development project?
Let's start with the basics:
What do Innovolo and Fiverr have in common?
Innovolo and Fiverr have a lot in common. Both companies provide online services related to product development, including engineering, programming, industrial design, and marketing. In addition, you can order any of these services through a single portal, making it easy to find the talent you need.
In addition, both companies let you hire talent on-demand to scale up or down your workforce according to your needs; this makes it easy to get the help you need when you need it, without worrying about long-term commitments. As a result, these two companies are great options for businesses that need flexible, on-demand talent.
Why do people use Innovolo to develop their products?
Does Innovolo provide a broader range of services than Fiverr? No, not necessarily.
Confidentiality is essential when you're working on a new product. If you don't want your competitors to know about your business, where do you go? Unfortunately, Fiverr's marketplace isn't secure enough for many companies; they're afraid that their ideas will become public knowledge through Fiverr.
On the other hand, Innovolo lets you work with professionals bound by confidentiality agreements. So you get the same level of secrecy as you would if you employed your team full-time.
Then you have the management of the project. Many companies use Fiverr to outsource low-level tasks. Still, they prefer to work with consultants on their higher-value projects. In other words, they know who's working on their project, and they have a personal relationship with the key players.
Innovolo differs from Fiverr because it provides a full-service product development solution. You can manage your projects in-house or outsource your work entirely to an outside provider that can give multidisciplinary insights and expertise.
Suppose you choose to manage your product development in-house. In that case, you have to employ a team of professionals who can cover all the bases from engineering and design to commercialisation. In some cases, it's cheaper to get someone else to do all the work instead! Especially if there's no limit to the different types of talent that you need to hire.
So the main difference is the complete process?
Yes, but there are other factors to consider as well. What's your budget?
Innovolo has an average project value of £50-250,000; Fiverr doesn't have any maximum limit, but intermediate projects tend to be priced between $5-1,200.
Also, consider how you want to work with the service provider. For example, do you prefer to communicate with your project managers via email, Skype, or in-person?
Innovolo offers all of the above options to accommodate different working styles. On the other hand, Fiverr's deals are struck entirely online. As a result, you have no opportunity to meet face-to-face with your team members until after hiring them.
Is Fiverr or Innovolo more suitable for small businesses?
Smaller companies and startups tend to opt for Fiverr. In contrast, companies with more extensive product development needs usually go with Innovolo. Unfortunately, there's no easy telling which approach is right; it all comes down to what you want from your project.
What's more important: how much you spend, the size of your budget, which features you need, or how work should be managed? You can answer these questions by working out what your business needs to do and then choosing the service provider that best meets those needs.
Would Fiverr or Innovolo be better for idea generation?
Idea generation is the first stage in the product development pipeline. You develop an idea into a vision and then a workable concept before moving on to prototyping and testing.
Innovolo helps you further your product ideas with R&D teams, industrial designers, engineers, market researchers, evaluators, etc.; Fiverr provides essential industrial services through more generalised business services such as market research within the Fiverr Pro platform.
Innovative companies may not need assistance in the early stages of a product idea. Still, they want to focus on the more advanced R&D and engineering work that follows.
Innovolo focuses more on project management, but you can use Fiverr if your product takes a new direction from the outset. In other words, it's flexible enough to cover many different requirements.
Fiverr has just enough functionality to get the ball rolling. Still, it doesn't have the multidisciplinary expertise to take a product development project to commercialisation.
Most product teams will have more advanced needs than Fiverr can satisfy, so they have to look elsewhere for help. However, having a fractional specialised workforce in the project team can make the difference in product development and strategic planning, such as developing the product roadmap.
Is it possible to outsource your product development through both Fiverr and Innovolo?
Yes, that can be a good idea because the two platforms work in slightly different ways to complement each other. For example, you might start with Fiverr to get your first round of concept designs before moving on to Innovolo for the next stage of development.
Innovation is the key to success in today's business, so you need all the help you can get, ideally with instant access to development teams working towards your particular product vision while considering customer needs and user feedback. Innovolo has the agility and flexibility you need to manage multiple projects at once. In addition, if your needs change, you can quickly switch between different service providers without losing momentum in your work.
A word of caution, however. Having a dominant framework to drive your product management is highly recommended. Unfortunately, this is not something that Fiverr can provide, nor the ability to carry out bespoke business analysis tied to your data.
Fiverr can get you started on product development. Still, like a car with only one wheel, it lacks the versatility and depth of experience needed for any serious project. In addition, it would help if you had the support of a product team like Innovolo to make sure managing ideas and resources is as straightforward as possible.
What is Fiverr's new product development process, and how does it compare to Innovolo's?
The Fiverr product development process is not documented in any official capacity. Still, you can infer how it works by looking at the services offered on the platform.
Fiverr has a particular business model that divides its different types of work into one-off tasks bought and sold through fixed-price deals. As for Innovolo, it's more of a traditional outsourcer that takes the end-to-end approach.
What are some of Fiverr's limitations?
Fiverr is suitable for small, simple projects. However, if your job requires multiple tasks or needs more than basic graphic design skills, you'll need to look elsewhere.
Having a dedicated project manager or product manager is essential for product development. Unfortunately, Fiverr does not have this service, and while you can buy it as an add-on from some providers, it's not something that's included in the base price.
It is crucial to have a clear product strategy before starting a development project. That way, you can set measurable milestones and avoid scope creep. Unfortunately, Fiverr does not offer this service, so you may have to look elsewhere if you need help with product strategy or developing a business case.
Fiverr can make all the difference for the vast majority of small businesses that don't have the internal resources to develop a product and bring it to market themselves. Still, it has its limitations, so it's not suitable for every product design project.
For example, Fiverr is also quite inflexible when it comes to payments. You're locked into paying for a certain number of days or weeks upfront, even if you only need the service for a couple of hours.
If your project requires more than one freelancer, Fiverr is not the best platform to use. The site doesn't have a good way to manage the team collaboration, and communication can quickly break down.
What are some of Innovolo's limitations?
Innovolo is designed for larger projects. Unfortunately, it cannot compete with Fiverr on price; you'll be paying a high premium for the extra support and services it offers. If you need a lower cost, Fiverr is a better option.
Innovolo also lacks the transparency of the Fiverr platform. For example, you don't get to see reviews or ratings for the different service providers, so it can be hard to know whom you're working with. That said, Fiverr workers are freelancers, whereas Innovolo staff are employees or approved partners, so more accountability is built into the system.
Manufacturing is not carried out in-house by Innovolo, so if you need help with sourcing and production, you'll have to look elsewhere. However, Innovolo will help you get your product to the manufacturing stage.
Innovolo is an excellent choice for larger projects that require a high degree of coordination and support. However, it's not suitable for small jobs or those on a tight budget.
Why do people use Fiverr to develop their products?
Fiverr's services are perceived to be considerably cheaper than Innovolo's, which makes it ideal for small-scale projects and prototyping. For example, the average cost of an end-to-end product development project with Innovolo would be £50-250,000. So, you can see that Fiverr's prices are way more accessible to smaller companies and freelancers.
Fiverr's services are also more suitable if you need only a tiny part of a larger project. For example, you might want to crowdsource the name of your product through a social media campaign with Fiverr.
Nevertheless, keep in mind that some tasks are better suited for Fiverr. In contrast, others require the expertise and confidentiality of Innovolo's product managers.
Is Innovolo always better than Fiverr for product development?
Fiverr is a fantastic resource because it's easy to use and provides access to help in many fields. However, it's not a suitable solution for large-scale projects because the customers have little control over who is working on their job.
First and foremost, you should consider how much work your project will need; if it's a relatively small job, you can go with Fiverr. However, if your project is large-scale and complex, you need to use Innovolo for its specific skills.
For example, if you want to develop multiple products simultaneously and cover all the bases (marketing, engineering, etc.), you should go with Innovolo. Fiverr covers low-level tasks, while Innovolo provides a whole product development solution for your company.
On the other hand, if you're working on a smaller project, you should use Fiverr.
Finally, you can always opt for both services if your project is particularly complex or large-scale; you'll get the best of both worlds!
Finally, never underestimate the confidentiality surrounding product development projects! If privacy is important to you, then go with Innovolo; it's specifically tailored to meet the needs of businesses and R&D teams.