Intro Amazon Ebook Store
Of All of the ways of monetizing Articles that is blog, my Strategy is Such as learning design templates and materials to create and sell electronic products. I have found that it’s extraordinarily profitable than running ads and self explanatory products convert at a greater rate compared to an affiliate product that someone else created. The service I use to ease this is Payhip, and this post I will be sharing what I like and dislike about the service based in my Payhip experience as a seller for 2+ years. Amazon Ebook Store
My Payhip Expertise
If you wanted to sell products Through your own site, you’ll need a way to facilitate transactions — some kind of infrastructure which will enable a customer to select your product, cover it, and also have it immediately delivered to them with complete hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An e-commerce platform/website that gives customers with the simplest tools and solutions for promoting electronic products to their clients and hosting online.
The company Was co-founded by Abs Farah and Kahin Farah and is currently based in my capital city of London.
Which are the benefits of using Payhip?
Each online Platform is different, and I have used a few of these in the past.
Having A platform that is so simple to use and one that doesn’t require a massive amount of my valuable time is of utmost importance.
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 comprise –
- EU VAT is taken care of, which is a big plus in my book.
- Affordable. The website takes zero charges asides From 5% per transaction when you sell a digital item.
- Access to analytics accounts.
- Access to marketing tools. You have the option to create Social and Coupons discounts.
- Ability to signup, manage and reward your own affiliates.
- Access to merchandise sharing tools. Plus it is possible to embed Purchase and your merchandise Now buttons directly on your own site or blog.
- The Capacity to setup mailing lists so that your customers can Subscribe and stay current with your products, and much more.
- Instant digital merchandise delivery via email link for customers.
What I Enjoy About Payhip
Let’s get to the details. Following my 2+ year Payhip experience, here’s what I really like about the ceremony…
Payments Are Instantaneous
Payhip let’s your customers pay with PayPal Or by credit/debit card using Stripe, plus they do not pay out monthly/weekly/quarterly or force you to wait around for them to clean some kind of holding period. When a client makes a purchase, the money is instantly available on your account, and if you’ve got the PayPal and also Stripe programs installed on your mobile device, you are going to receive notifications each time a sale happens. Amazon Ebook Store
I happen to love this. The excitement of Seeing a new sale never gets older. It’s also good to wake up in the morning, reach for your phone, and see that you made X amount of dollars while you were sleeping, and it is all easily available for you to spend. The caveat to this can be Stripe. If your customers card using Stripe, there’ll be a 3 day hold before the money is available. This is Stripe however — Payhip does not hold your cash at all.
No Monthly Charges
One of the things that Payhip originally sold me is that there’s no Monthly fees or installation charges — just a simple flat charge of 5% per purchase .
This was attractive to me in 2016 Since, at the time, 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 to get a similar service such as Gumroad. As a relatively new blogger having a little crowd, Payhip was the no-risk solution that best fit my situation.
Easy To Understand Analytics
Payhip’s back end Provides an analytics page That enables you to see transactions and earnings quantities relative to this day, month, week, year, or some other specified selection. Best of all, it is a report.
If you used Google Analytics or Facebook analytics, the amount of information you are immediately smacked in the face with can be somewhat overwhelming, and lots of it’s largely useless also. Payhip just gives you what you’re there to see — revenue data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip experience is By creating coupon codes, promotions to run.
The codes may be Enjoy and for any (or all) products. They can run for any duration you want (or even indefinitely,) and the code itself may even be customized to whatever string of text you would like.
I’ve found this to be very helpful. Occasionally I will conduct a weekend marketing, place it on Facebook, then boost the article targeting a pixel audience and I never fail to go ROI positive by it. People truly do respond to limited time offers. Amazon Ebook Store
Your Own Affiliate Program
Payhip gives you the ability to let your Readers register as an affiliate of your store, and you are able to grant if someone buys a product using their custom affiliate link.
This is useful because it allows Men and Women To sell your products for you, the commissions paid will be worthwhile and should they have an audience of their own and a platform they can tap into.
Easy Integration with Email Marketing
You’ll be, if you are into advertising Able to easily integrate Payhip along with your email advertising provider so that if a sale is made, the email address of the purchaser can be added into a list that is selected.
That is relatively minor but I think it’s Pretty cool so I wish to give it a mention — if you so desire, you can have Payhip postage the purchaser’s email address into the upper left corner of every page of a PDF document they have bought.
So if someone intends to buy your PDF Publication make it available for free they will have to be okay with their email address being accessible. I think that’s a way of deterring pirating.
Upload Most Sorts of Files
Payhip is a marketplace for ebooks — It’s possible to upload virtually any sort of electronic file. Font files, video/audio documents, photos, software, etc..
Overall Simplicity and Modern Design
One thing that can not be overlooked whenever You’re selling something is your site looks. Individuals generally do not trust myself included. If a website looks like it hasn’t been upgraded since the web 2.0 times, then I begin to wonder if perhaps I’m in an abandoned building and placing my payment info into it’d pretty much be like throwing my money into a black hole.
That’s not the case with Payhip though. The Website has a easy and very contemporary design. In the event that you should purchase a digital product on the world wide web, this is what you would expect a checkout page from a company. Amazon Ebook Store
Another thing I like about Payhip is its own Overall simplicity. From the second a visitor lands on your product page, Payhip stays out of the way. They display your images, sales copy, and just the critical info (like price.) They do nothing to interfere with your purchase — no self-promotion whatsoever.
Finally, what I actually like about Payhip is That they do not store customer payment info, meaning your customers’ payment details are safe. The payment is handled through PayPal or Stripe, and I prefer it this way because they are big, successful companies with a lot of cash to spend on security.
What I Dislike About Payhip
As much as I like Payhip, it’s far from perfect. Here are some things that I dislike about the ceremony and would like to see enhanced…
No Mobile App
1 thing that bugs me about Payhip is that They don’t possess a mobile program. It would be convenient to have the ability to start an app and take a look through my sales data while I’m out and around. The site isn’t even optimized for mobile devices, although you do so and may log into the website.
I like Payhip, but that is a really Bad look in 2018. There is no reason you shouldn’t have a site optimized for cellular, and when you have that, you should be able to easily turn the site itself right into it’s own program so users don’t have to manually register in each time they would like to inspect sales information. Permit users of Payhip experience a platform when they are on their mobile devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I would like to see an ability that is Extra to suggest Other products. For instance, if they are purchasing a bundle of logo templates for $5, I suggest, or could offer a package of business card templates for a couple of dollars. This is something that sites like Amazon and VistaPrint do well.
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 vendor and the client.
Establish On A Fixed Timezone
This one is frivolous, but I’d still Like to see it fixed.
Considering that Payhip is located in London, they’ve BST was place to by the working timezone for the entire website. Since I’m found in the EST, I’ll occasionally check my analytics at 7PM or afterwards and see that I made 0 earnings for the day because Payhip believes it is midnight and its data reveals that.
Again, this is mostly a non-issue, however I Would love to observe the ability to correct the site to your timezone. Amazon Ebook Store
More Flexibility with Coupon Codes
I know I raved about the voucher Code feature earlier, but it is not quite perfect just yet.
As it stands, the advertising You’re able to run via a coupon code. Ideally, I’d love to be able to supply a dollar amount to set a sale price that is specified.
At the moment, if I Need to place a merchandise that is $27 On sale for $10, I have to break out the calculator and manually do the math to determine what percent off will leave the last price. I think this is unnecessary and could be improved.
When creating A new product in Payhip, you have access to advanced alternatives including —
- Make your merchandise private.
- Insert an ISBN (Internation Standard Book Number) to your eBook.
- Upload a preview or sample pages.
- Add a limitation amount to how many copies of your product or eBook could be sold.
- Create a license key .
How much does this cost?
Payhip will Cost you or even host your products. The site takes only 5 percent commission per transaction fee.
Would I Recommend Payhip?
This leaves us with the burning question: after two + years as a vendor on Payhip, would you recommend it? Overall, yes. I am a customer, but whether you ought to use it depends on your situation.
If you’re a new blogger with a small audience And you can not justify spending $10+ per month to get something such as Gumroad, then yes, I would recommend Payhip. In case you sell a merchandise that is high-ticket or have a massive audience and know that you’ll do at least $ 1,000 in sales every month, you might want to check into something most cost effective.
As of the date of the writing, Payhip functions On a flat fee of 5% of each sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 per month.
If you are going to be selling $1,000 a month in total quantity, the mathematics should (in most cases) favor Payhip. But if you’re selling well into the thousands, you’ll probably need to go with Gumroad or start looking into some alternative. That is all largely dependent on how many transactions it requires to reach those sales numbers so make certain to crunch the numbers for yourself.
Personally, I love the Payhip Expertise and am grateful for their solutions. I would like to see them continue to grow and succeed. Amazon Ebook Store