Introduction Book Library
Of All of the ways of monetizing content that is blog, my Strategy is Such as studying materials and design templates to create and sell digital products. I’ve found that it is extraordinarily more profitable than running advertisements and products convert at a greater speed compared to an affiliate product that somebody else created. The support I use to ease this can be Payhip, and this article I will be discussing what I both like and dislike about the service based in my Payhip experience as a vendor for two + years. Book Library
My Payhip Expertise
If you wanted to market products Through your own website, you’ll need a means to facilitate transactions — some sort of infrastructure that will allow a customer to select your goods, pay for it, and also have it instantaneously delivered to them with complete hands-off automation. Payhip solves this problem.
Payhip is An that gives customers with the tools and solutions for selling electronic products straight to their clients and hosting 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 benefits of using Payhip?
Each online Platform is different, and I’ve used a few of these in the past.
For me, having A stage that is so simple to use and one that doesn’t require a huge amount of my precious time is of paramount significance.
Payhip will Save a great deal of time also 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, and it can be a big plus in my book.
- Affordable. The website takes zero fees asides From 5 percent per transaction when you sell a product that is digital.
- Access to analytics accounts.
- Access to marketing tools. You have the option to create Coupons and societal discounts.
- Ability to signup, handle and reward your own affiliates.
- Access to merchandise sharing programs . Plus you can embed Your merchandise and purchase Now buttons on blog or your site.
- The ability to setup mailing lists so that your clients can Subscribe and stay current with your electronic goods, and more.
- Instant digital product shipping via email link to customers.
What I Like About Payhip
Let’s get to the details. After my two year Payhip experience, here’s what I really like about the ceremony…
Payments Are Instantaneous
Payhip let us your customers pay with PayPal Or from credit/debit card with Stripe, plus they don’t pay out monthly/weekly/quarterly or force you to wait around for them to clear some sort of holding period. When a client makes a purchase, the money is immediately 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 whenever a sale happens. Book Library
I happen to appreciate this. The excitement of Seeing a sale never gets old. In addition, it is good to wake up in the morning, reach for your telephone, and also see that you made X amount of dollars while you’re sleeping, and it is all easily available for you to spend. The caveat to this can be Stripe. If your clients pays by card using Stripe, there’ll be a 3 day hold before the cash is available. That is Stripe though — Payhip doesn’t hold your money at all.
No Monthly Charges
One of the things that Payhip initially sold me is that there’s no Monthly charges or setup charges — only a simple flat charge of 5 percent per sale.
This was appealing to me Since, at the moment, my readership was less than 1/10th of what it is now, and I wasn’t positive that I was likely to always sell enough product to justify paying a monthly fee for a similar service such as Gumroad. As a relatively new blogger having a small crowd, Payhip was the no-risk solution that best match my scenario.
Easy To Understand Analytics
Payhip’s back end Provides an page That lets you see transactions and earnings quantities relative to the day, month, week, year, or some other given range. Best of all, it’s a to-the-point and straightforward report.
If you have used Google Analytics or Facebook analytics, the number of information you’re immediately smacked in the face can be a bit overwhelming, and a lot of it is largely useless also. Payhip just provides you exactly what you are there to view — revenue information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip experience is The ability to run promotions by creating coupon codes.
The codes may be Enjoy and for any (or all) products. They can run for any duration you’d like (or even indefinitely,) along with the code itself can even be customized to whatever series of text you would like.
I have found this to be useful. Occasionally I will conduct a weekend marketing, post it on Facebook raise the post targeting a pixel re-marketing audience and I don’t fail to go ROI positive by it. People do respond to limited time offers. Book Library
Your Own Affiliate Program
Payhip gives you the capability Readers sign up as an affiliate of your store, and you are able to award them a commission of whatever percentage you would like whenever someone purchases a product using their customized affiliate link.
This is useful since it allows Men and Women To sell your products for you, the commissions paid will be well worth it and should they have an audience of their own and a stage that they can tap to.
Easy Integration with Email Marketing
You will be if you’re into email advertising Able to integrate Payhip along with your preferred email marketing provider so that a purchase is made, the buyer’s email address could be added into a listing that is chosen.
That is relatively minor but I think it’s Pretty cool so I want to give it a mention — if you so desire, you’ll have Payhip stamp the purchaser’s email address into the top left corner of each page of a PDF document they’ve bought.
So if someone plans to buy your PDF Book then make it accessible for free somewhere else, 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 isn’t just a marketplace for ebooks — You can upload virtually any sort of digital file. Font files, video/audio files, photographs, software, etc..
Total Simplicity and Modern Design
1 thing that can not be overlooked whenever You are selling something is your site appears. Individuals generally do not trust myself included. If a website looks like it has not been upgraded since the web 2.0 times, then I begin to wonder if maybe I’m in an abandoned construction and placing my payment info to it would pretty much be like throwing my money into a black hole.
That’s not the case with Payhip though. The Website has a very contemporary and simple layout. This is what you would anticipate a checkout page from a business to look like, In the event that you should buy a product on the world wide web. Book Library
Another thing that I like about Payhip is its In general simplicity. From the very 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 absolutely nothing to interfere with your sale — no.
Finally, what I actually enjoy about Payhip is That customer payment info isn’t stored by them, meaning your customers’ payment details are secure. The payment is totally managed through Stripe or PayPal, and I prefer it this way as they are successful companies with lots of money to spend on top-shelf security.
What I Dislike About Payhip
As much as I enjoy Payhip, it is far from perfect. Here are some things that I dislike about the service and would like to see improved…
No Mobile App
One thing that bugs me about Payhip is that They don’t possess a mobile program. It would be convenient to be able to start an app while I am out and about, and have a look. The website isn’t optimized for mobile devices, although you do this and may log in to the website.
I enjoy Payhip, but that is a really Bad look in 2018. There’s no reason you should not have a site optimized for cellular, and once you’ve got that, you should be able to easily turn the site itself right into it’s own app so users do not need to manually register in each time they would like to inspect sales information. Permit users of Payhip encounter a platform when they are on their cellular devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I would really like to see an capability to indicate Other products. For instance, if they’re purchasing a package of templates for $5, then I might offer a bundle of business card templates or propose some other product which may interest them that they didn’t know about. This is something that sites like Amazon and VistaPrint do well.
I can’t help but feel as though there’s a Great Deal of money being left on the Table — for both myself and Payhip — with no functionality. This may enhance the Payhip encounter for both the client and the seller.
Establish On A Fixed Timezone
This one is largely frivolous, but I Like to see it corrected.
Considering that Payhip is located at London, they’ve BST was set to by the working timezone for the site. Since I’m found in the EST, I will occasionally check my analytics at 7PM or afterwards and see that I made 0 sales for the day since Payhip believes it is midnight and its own information reveals that.
Again, this is mostly a non-issue, but I Would love to observe the capability to adjust the site to your timezone. Book Library
More Flexibility with Coupon Codes
I know I raved about the voucher Code feature but it is not quite perfect yet.
As it currently stands, the advertising You can run through a voucher code is to get a percent off. I’d love to be able to supply a dollar amount to set a sale price that is specified.
Right Now, if I Need to place a $27 merchandise Available for $10, do the math to determine what percentage off would render the cost and I have to break out the calculator. I think this is unnecessary and could be made better.
When creating A new product in Payhip, you have access to advanced options including —
- Make your product private.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Upload sample pages or a preview.
- To how many copies of your product or market could be, Insert a limitation number sold.
- Generate a license key that is exceptional .
How much does this cost?
Payhip will Cost you or even host your digital products. The website takes only 5% commission per transaction fee.
Can I Recommend Payhip?
This leaves us with the burning question: after 2years as a seller on Payhip, do you recommend it? Total, yes. I am very much a customer, but whether you ought to use it depends on your own situation.
If you are a 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. If you know you’ll be doing at least $ 1,000 in sales each month and sell a product that is high-ticket or have a huge audience, you may want to check into something most cost-efficient.
As of this date of the writing, Payhip works On a set fee of 5% of each sale. Gumroad’s fee is now 3.5% + $0.30 per transaction + $10 per month.
If you’re going to be selling less than $1,000 a month in total volume, the mathematics should (in most cases) prefer Payhip. But if you’re selling well into the thousands, you are probably going to need to go with Gumroad or start looking into some alternative. That is all dependent on the number of transactions it takes to reach those sales numbers though, so be certain that you crunch the numbers for yourself.
Personally, I love the Payhip Expertise and am thankful for their solutions. I would like to see them continue to grow and succeed. Book Library