Background Best Selling Electronic Products
Of All of the ways of monetizing Articles that is blog, my favorite Strategy is Such as studying materials and layout templates to create and sell electronic products. I’ve discovered that it is extraordinarily profitable than running ads from networks like AdSense, and products convert at a much greater speed compared to an affiliate product that somebody else created. The service I use to facilitate this is Payhip, and in this post I will be discussing what I both like and dislike about the service based on my Payhip experience as a seller for two + years. Best Selling Electronic Products
My Payhip Expertise
If you wanted to sell digital products Through your own website, you’ll need a means to facilitate trades — some sort of infrastructure which will enable a customer to select your product, pay for it, and have it instantaneously delivered to them with whole hands-off automation. Payhip solves this problem.
What is Payhip?
Payhip is An e-commerce platform/website that gives users with the easiest tools and options for promoting digital products to their customers and hosting online.
The company Was co-founded by Abs Farah and Kahin Farah and is now based in my capital city of London.
What are the advantages of using Payhip?
Each online Platform differs, and I have used a few of them previously.
Having A platform that is really easy to use and one that doesn’t require a huge amount of my time is of paramount importance.
Payhip will Save a great deal of time too because everything is taken care of on the Payhip platform.
The Benefits that I’ve gained the most from using Payhip include –
- EU VAT is cared for, which can be a huge plus in my book.
- Affordable. The website takes zero charges asides From 5% per trade when you sell a product that is digital.
- Access to analytics accounts.
- Access to marketing tools. You have the option to make Societal and coupons discounts.
- Ability to signup, manage and reward your affiliates.
- Access to merchandise sharing tools. Plus you can embed Buy and your product Now buttons on blog or your own website.
- The ability to set mailing lists so that your clients can Subscribe and remain up to date with your electronic goods, and much more.
- Immediate digital product shipping via email link for customers.
What I Like About Payhip
Let us get to the information. Following my two year Payhip experience, here’s what I love about the ceremony…
Payments Are Instantaneous
Payhip let’s your customers pay with PayPal Or by credit/debit card using Stripe, plus they don’t pay out monthly/weekly/quarterly or force you to wait around for them to clear some kind of holding period. When a client makes a purchase, the money is instantly available in your account, and if you have the PayPal and also Stripe apps installed on your mobile device, you are going to get notifications whenever a sale occurs. Best Selling Electronic Products
I happen to appreciate this. The excitement of Seeing a sale never gets older. It’s also great to awake in the morning, reach to your phone, and also see that you made X number of dollars while you’re sleeping, and it’s all readily available for you to spend. The caveat to this can be Stripe. If your customers pays by card using Stripe, there will be a 3 day hold before the cash is available. That is all Stripe though — Payhip does not hold your cash in any way.
No Monthly Fees
One of the things that Payhip originally sold me is that there’s no Monthly charges or installation charges — just a simple flat charge of 5% per sale.
This was attractive to me Because, at the moment, my readership was 1/10th of what it’s now, and I wasn’t positive that I was likely to always sell enough product to warrant paying a monthly fee for a similar service like Gumroad. As a relatively new blogger having a little audience, Payhip was the no-risk solution that best fit my situation.
Easy To Understand Analytics
Payhip’s back end Provides an analytics page That lets you view transactions and earnings amounts relative to this day, month, week, year, or any other given selection. Best of all, it’s a report that is simple and to-the-point.
If you used Google Analytics or Facebook analytics, the amount of data you’re instantly smacked in the face can be somewhat overwhelming, and a lot of it is largely useless too. Payhip just provides you exactly what you are there to see — sales data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip encounter is Promotions to conduct by creating coupon codes.
The codes can be Enjoy and for any (or all) products. They could run for whatever duration you’d like (or even permanently,) along with the code itself can even be customized to whatever string of text you would like.
I have found this to be very helpful. Occasionally I’ll run a weekend marketing, post it on Facebook, then raise the post targeting a pixel audience that is re-marketing and I don’t fail to go ROI positive by it. People really do respond well to limited time offers. Best Selling Electronic Products
Your Own Affiliate Program
Payhip Provides you the ability to let your Readers sign up as an affiliate of your store, and someone purchases a product you are able to award.
This is useful since it allows Men and Women To market your merchandise the commissions paid will be worthwhile and should they have a platform and an audience of their own that they can tap into.
Easy Integration with Email Marketing
You will be if you are into email marketing Able to readily incorporate Payhip along with your chosen email marketing supplier so that a purchase is made, the email address of the purchaser can be added to a listing that is selected.
That is small but I think it’s Pretty cool so I wish to give it a reference — if you desire, you’ll have Payhip stamp the buyer’s email address to the top left corner of each page of a PDF document they’ve bought.
So if someone intends to Purchase Your PDF Publication make it publicly available for free somewhere else, they’ll have to be fine with their private email address being publicly accessible also. I think that’s a way of deterring pirating.
Upload Many Sorts of Files
Payhip is a marketplace for ebooks — You can upload any kind of digital file. Font files, video/audio files, photos, software, etc..
Total Simplicity and Modern Design
One thing that can’t be overlooked whenever You’re selling something is your site looks. People generally do not trust myself included. If a website looks like it has not been updated because the net 2.0 times, then I start to wonder if perhaps I am in an abandoned construction and putting 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 very modern and easy layout. If you should purchase a digital product this is what you would expect a checkout page from a company. Best Selling Electronic Products
Another thing that I like about Payhip is its own In general simplicity. From the moment a visitor lands on your product page, Payhip stays out of the way. They display your images, sales copy, and only the crucial info (like price.) They do nothing to interfere with your sale — no.
Finally, what I like about Payhip is That customer payment info isn’t stored by them, meaning that your customers’ payment details are safe. The payment is handled through PayPal or Stripe, and I prefer it that way as they are successful companies with a lot of cash to spend on security.
What I Dislike About Payhip
As much as I enjoy Payhip, it’s far from perfect. Here are some items 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 do not possess a mobile program. It’d be convenient to be able to start an app and have a look through my data while I’m out and about. The website isn’t optimized for mobile devices, although you may log into the website and do this.
I enjoy Payhip, but this is a very Bad appearance in 2018. There’s no reason you shouldn’t have a website optimized for cellular, and once you’ve got that, you ought to be able to easily turn the website itself right into it’s own program so users don’t need to manually register in each time they would like to check sales information. Users of Payhip experience a platform when they are on their mobile devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I’d really like to see an ability to suggest Other products. By way of instance, if they are purchasing a package of templates for $5, I might offer a bundle of business card templates to get a couple of added bucks, or suggest. This is something that websites like Amazon and VistaPrint do well.
I can’t help but feel as though there is a lot of money Table — for both myself and Payhip — without this functionality. This could enhance the Payhip encounter for both the vendor and the client.
Establish On A Fixed Timezone
This one is mostly frivolous, but I had still Like to see it corrected.
Since Payhip is located at London, they have BST was set to by the timezone for the whole website. Since I am located in the EST, I will occasionally check my stats at 7PM or afterwards and see that I made 0 sales for the day since Payhip thinks it is midnight and its information reflects that.
This is a non-issue, but I Would like to observe that the capability to correct the website to your timezone. Best Selling Electronic Products
More Flexibility with Coupon Codes
I know I raved about the coupon It’s not perfect yet, although code feature earlier.
As it stands, the advertising You’re able to run via a voucher code. I’d like to have the ability to supply a dollar amount to set a sale price that is specified.
Right Now, if I want to place a $27 product Available for $10, I have to break out the calculator and manually do the math to figure out what percentage off will leave the price at $10. I believe that is unnecessary and could be improved.
When creating A new product in Payhip, you have access to advanced options which include —
- Make your product personal.
- Insert an ISBN (Internation Standard Book Number) for your eBook.
- Upload a couple of sample or preview pages.
- To the number of copies of your product or eBook could be add a limitation amount sold.
- Generate a unique license key for all your product/eBook sales.
Just how much does it cost?
Payhip will Cost you to set up or even host your products. The website takes just 5% commission per trade fee.
Can I Recommend Payhip?
This leaves us with the burning question: after two + years as a seller on Payhip, do you recommend it? Total, yes. I am a satisfied customer, but whether you should use it depends upon your own situation.
If you are a new blogger with a small audience And you can not justify spending $10+ per month to get something like Gumroad, then yes, I would recommend Payhip. But in case you have a huge audience or sell a product and know that you’ll be doing at least $1,000 in sales every month, you might want to check into something.
As of the date of the writing, Payhip functions On a set fee of 5 percent of each sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 per month.
If you’re going to be selling $1,000 per month in total volume, the mathematics should (in most cases) prefer Payhip. But if you are selling well into the thousands, you are probably going to want to go with Gumroad or start looking into another alternative. This is largely dependent on the number of transactions it requires to reach those sales numbers though, so make sure that you crunch the numbers.
Personally, I absolutely love the Payhip Experience and am really thankful for their solutions. I want to see them continue to grow and succeed. Best Selling Electronic Products