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Of All of the ways of monetizing content, my method is To make and sell electronic products like learning layout templates and materials. I have discovered that it’s extraordinarily more rewarding than running advertisements from networks such as AdSense, and products convert at a greater speed compared to an affiliate product that somebody else created. The support I use to facilitate this can be Payhip, and in this post I’ll be discussing what I both like and dislike about the service based in my Payhip expertise as a vendor for two + years. Adobe Epub
My Payhip Experience
If you wanted to sell digital products Through your own website, you are going to need a way to facilitate trades — some kind of infrastructure that will allow a client to select your product, pay for it, and also have it immediately delivered to them with whole hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An e-commerce platform/website that provides customers with the tools and solutions for hosting and selling digital products directly to their customers online.
The Provider Was co-founded by Abs Farah and Kahin Farah and is currently based in my capital city of London.
Which are the advantages of using Payhip?
Each online Platform differs, and I’ve used a couple of them previously.
Having A stage that is easy to use and one that doesn’t require a massive amount of my time is of utmost significance.
Payhip will Save a great deal of time because everything is taken care of on the Payhip platform.
The Benefits that I’ve gained the most from utilizing Payhip include –
- EU VAT is taken care of, which can be a huge plus in my book.
- Affordable. The site takes zero charges asides From 5% per trade when you sell a product.
- Accessibility to analytics accounts.
- Access to marketing tools. You have the option to make Social and Coupons discounts.
- Ability to signup, manage and reward your affiliates.
- Access to product sharing tools. Plus it is possible to embed Your merchandise and purchase Now buttons on blog or your own site.
- The ability to set mailing lists so that your customers can Subscribe and remain up to date with your goods, and much more.
- Immediate digital product shipping via email link for customers.
What I Like About Payhip
Let us get to the information. After my 2+ year Payhip expertise, here’s what I love about the ceremony…
Payments Are Instantaneous
Payhip let us your customers pay with PayPal Or from credit/debit card using Stripe, and they do not pay out monthly/weekly/quarterly or make you wait around for them to clear some sort of holding period. When a customer makes a purchase, the money is immediately available on your account, and if you’ve got the PayPal and Stripe programs installed on your mobile device, you’ll receive notifications whenever a sale happens. Adobe Epub
I happen to appreciate this. The excitement of Seeing a sale never gets old. It’s also good to wake up in the morning, reach to your telephone, and also see you made X amount of dollars while you’re sleeping, and it is all easily available for you to spend. The only caveat to this is Stripe. If your clients pays by card using Stripe, there will be a three day hold until the money is available. This is all Stripe however — Payhip doesn’t hold your cash at all.
No Monthly Fees
Among the things that Payhip originally sold me is that there’s no Monthly fees or installation charges — just a simple flat fee of 5 percent per sale.
This was attractive to me Since, at the moment, my readership was less than 1/10th of what it’s now, and I was not positive I was going to always sell enough product to justify paying a monthly fee for a similar service like Gumroad. As a relatively new blogger with a little audience, Payhip was the quickest solution that best fit my situation.
Easy To Know Analytics
Payhip’s back end offers an page That enables you to view transactions and earnings amounts relative to this day, week, month, year, or any other given range. Best of all, it’s a report that is to-the-point and straightforward.
If you used Google Analytics or Facebook analytics, the number of information you are instantly smacked in the face can be somewhat overwhelming, and lots of it’s largely useless too. Payhip just gives you what you’re there to view — revenue information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip experience is By creating coupon codes, promotions to conduct.
The codes may be Enjoy and for any (or all) products. They can run for whatever length you want (or even indefinitely,) along with the code itself may even be customized to whatever string of text you desire.
I have found this to be helpful. Sometimes I will run a weekend marketing, place it on Facebook, then boost the article targeting a pixel audience that is re-marketing and I never fail to go ROI positive by it. People do respond to limited time offers. Adobe Epub
Your Own Affiliate Program
Payhip gives you the capability to let your Readers register as an affiliate of your shop, and someone buys a product with their customized affiliate link, you are able to award them a commission of whatever percent you’d like.
This is useful because it allows Men and Women To sell your products for you, the commissions paid will be well worth it and should they have a stage and an audience of their own they can tap into.
Easy Integration with Email Marketing
You will be if you’re into advertising Able to integrate Payhip with your email advertising supplier that is chosen so that a sale is made, the purchaser’s email address could be added to a listing that is selected.
That is relatively minor but I think it’s Pretty cool so I want to give it a reference — if you desire, you can have Payhip postage the purchaser’s email address to the top left corner of each page of a PDF document they have bought.
So if someone intends to buy your PDF Book subsequently make it publicly accessible for free they’ll need to be okay with their private email address being accessible. I think that is a means of deterring pirating.
Upload Many Sorts of Files
Payhip is a marketplace for ebooks — It’s possible to upload virtually any kind of digital file. Font documents, video/audio files, photos, software, etc..
Total Simplicity and Modern Design
One thing that can not be overlooked whenever You are selling something is the way present your site looks. People do not trust websites that look outdated, myself included. If a website looks like it hasn’t been updated since the net 2.0 times, then I begin to wonder if perhaps I’m in an abandoned building and putting my payment information to it’d pretty much be just like throwing my money into a black hole.
That is not true with Payhip though. The Website has a layout that is simple and very contemporary. In the event that you were to buy a digital merchandise this is exactly what you’d anticipate a checkout page by a business. Adobe Epub
Another thing that I like about Payhip is its own In general simplicity. From the a visitor lands on your product page, Payhip stays out of the way. They display your graphics, sales copy, and only the crucial information (such as price.) They do nothing to interfere with your purchase — no.
Finally, what I enjoy about Payhip is That customer payment info isn’t stored by them, meaning your clients’ payment details are safe. The payment is managed through PayPal or Stripe, and I prefer it that way because they are large companies with a lot of cash.
What I Dislike About Payhip
As much as I enjoy Payhip, it’s far from perfect. Here are some things that I dislike about the ceremony and would like to see improved…
No Mobile App
One thing that bugs me about Payhip is that They don’t have a mobile program. It’d be convenient to be able to open an app while I’m out and around and take a look during my data. The website isn’t even optimized for mobile devices, although you can log into the website and do so.
I like Payhip, but that is a very Bad look in 2018. There’s no reason you should not have a website optimized for mobile, and when you have that, you should be able to easily turn the site itself right into it’s own app so users do not need to manually sign in each time they want to inspect sales data. Users of Payhip experience a much better platform when they’re on their mobile devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I would really like to see an ability that is added to suggest Other products. For instance, if they are purchasing a package of logo templates for $5, I propose, or could offer a bundle of business card templates to get a couple of added bucks. This is something that sites like VistaPrint and Amazon do.
I can not help but feel like there is a lot of money Table — for both myself and Payhip — with no functionality. This may improve the Payhip experience for both the seller and the client.
Set On A Fixed Timezone
This one is mostly frivolous, but I Like to see it corrected.
Since Payhip is located in London, they’ve BST was set to by the working timezone for the entire website. Since I’m located in the EST, I’ll sometimes check my analytics at 7PM or later and see that I left 0 earnings for the day because Payhip thinks it is midnight and its own data reveals that.
Again, this is largely a non-issue, however I Would like to observe that the ability to correct the website to your timezone. Adobe Epub
More Flexibility with Coupon Codes
I know I raved about the voucher Code feature earlier, but it’s not quite perfect just yet.
As it stands, the promotion You’re able to run through a coupon code is for a percent off. I’d like to be able to supply a dollar amount to set a sale price that is specified.
Right Now, if I Need to put a merchandise On sale for $10, do the math to figure out what percent off would leave the last price and I must break out the calculator. I think that is unnecessary and could be improved.
When creating A new product in Payhip, you have access to advanced options which include —
- Make your merchandise personal.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Publish sample pages or a couple of preview.
- Add a limit amount to how many copies of market or your product can be sold.
- Generate a license key for each of your product/eBook revenue.
How much does this cost?
Payhip will Cost you nothing to establish or even host your electronic products. The website takes only 5 percent commission per trade fee.
Would I Recommend Payhip?
This leaves us with the burning question: after 2years as a vendor on Payhip, do you recommend it? Total, yes. I am very much a client, but whether you ought to use it depends upon your situation.
If you are a blogger with a small audience And you can’t justify spending $10+ per month for something like Gumroad, then yes, I would recommend Payhip. If you sell a product that is high-ticket or have a massive audience and know you’ll do at least $ 1,000 in sales each month, you may want to look into something.
As of the date of the writing, Payhip functions On a flat fee of 5 percent of every sale. Gumroad’s fee is now 3.5% + $0.30 per transaction + $10 per month.
If you are going to be promoting less than $1,000 per month in total quantity, the mathematics should (in most cases) prefer Payhip. But if you’re selling well into the thousands, you’ll probably need to decide on Gumroad or look into another alternative. This is largely dependent on how many transactions it takes to achieve those sales numbers so make certain that you crunch the numbers.
Personally, I love the Payhip Experience and am thankful for their solutions. I want to see them continue to grow and succeed. Adobe Epub