Of all the ways of Creating content, my Strategy is Like studying materials and design templates to make and sell digital products. I have discovered that it’s extraordinarily more rewarding than running ads from networks like AdSense, and self explanatory products convert at a higher speed compared to an affiliate product that somebody else created. The service I use to facilitate this is Payhip, and this post I will be discussing what I like and dislike about the service based on my Payhip expertise as a vendor for 2+ years. Bookrix
My Payhip Expertise
If you wanted to market digital products Through your own website, you’ll need a way to facilitate trades — some kind of infrastructure which will enable a customer to select your goods, pay for it, and also have it instantaneously delivered to them with whole hands-off automation. Payhip solves this issue.
Payhip is An that gives customers with the simplest tools and solutions for hosting and selling digital products straight to their clients 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 utilizing Payhip?
Each online Platform differs, and I have used a few of them previously.
Having A platform that is simple to use and one that does not require a huge amount of my time that is valuable is of paramount significance.
Payhip will Save you a lot of time because everything is taken care of on the Payhip platform.
The Benefits that I’ve gained the most from using Payhip comprise –
- EU VAT is taken care of, and it is a big plus in my book.
- Affordable. The website takes zero charges asides From 5 percent per trade when you sell a product.
- Accessibility to analytics accounts.
- Access to marketing tools. You have the option to make Societal and coupons discounts.
- Capability to signup, handle and reward your affiliates.
- Access to product sharing programs . Plus you can embed Your merchandise and Buy Now buttons on blog or your site.
- The ability to set mailing lists so that your customers can Subscribe and remain current with your electronic goods, and more.
- Instant digital product shipping via email link for customers.
What I Enjoy About Payhip
Let us get to the details. Following my 2+ year Payhip expertise, here’s what I love about the ceremony…
Upgrades Are Instantaneous
Payhip let’s your customers pay with PayPal Or from credit/debit card using Stripe, and they do not cover monthly/weekly/quarterly or make you wait for them to clear some kind of holding period. When a customer makes a purchase, the cash is immediately available on your accounts, and in case you’ve got the PayPal and Stripe apps installed on your mobile device, you are going to receive notifications whenever a sale happens. Bookrix
I happen to love this. The excitement of Seeing a sale never gets older. It’s also great to awake in the morning, reach for your telephone, and see you made X amount of dollars while you were sleeping, and it is all readily available for you to spend. The caveat to this is Stripe. If your clients pays by card with Stripe, there will be a three day hold before the cash is available. That is all Stripe though — Payhip doesn’t hold your money at all.
No Monthly Fees
One of the things that Payhip initially sold me on is that there’s no Monthly fees or setup charges — only a simple flat fee of 5 percent per sale.
This was appealing to me in 2016 Since, at the time, my readership was less than 1/10th of what it’s now, and I wasn’t positive that I was likely to consistently sell enough product to justify paying a monthly fee to get a similar service such as Gumroad. As a relatively new blogger with a small audience, Payhip was the quickest solution that best fit my situation.
Simple To Know Analytics
Payhip’s back end Provides an analytics page That lets you view trades and earnings amounts relative to the day, week, month, year, or any other given range. On top of that, it’s a report.
If you’ve used Google Analytics or Facebook analytics, the amount of information you are instantly smacked in the face can be somewhat overwhelming, and lots of it is mostly useless also. Payhip just provides you what you’re there to see — revenue data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip experience is By producing coupon codes, promotions to run.
The codes can be for almost any percentage you would Enjoy and for any (or all) products. They can run for any duration you want (or even indefinitely,) and the code itself can even be customized to whatever series of text you would like.
I’ve found this to be somewhat useful. Sometimes I will run a weekend promotion, post it on Facebook, then raise the article targeting a pixel re-marketing audience and I don’t fail to go ROI positive with it. People do respond well to limited time offers. Bookrix
Your Own Affiliate Program
Payhip gives you the ability to let your Readers register as an affiliate of your shop, and you can grant them a commission of whatever percentage you’d like someone buys a product using their customized affiliate link.
This is useful since it allows other Men and Women To sell your products the commissions paid will be well worth it, and should they have a platform and an audience of their own they can tap into.
Easy Integration with Email Marketing
You will be if you’re into email marketing Able to easily incorporate Payhip along with your email marketing provider that is preferred so that a sale is made, the buyer’s email address could be added to a listing.
That is small but I think it’s Pretty cool so I want to give it a reference — if you desire, you can have Payhip stamp the purchaser’s email address into the top left corner of every page of a PDF document they’ve purchased.
So if someone plans to Purchase Your PDF Publication make it available for free they’ll have to be fine with their private email address being publicly accessible. I think that is a way of deterring pirating.
Upload Many Sorts of Files
Payhip is not Only a market for ebooks — It’s possible to upload virtually any kind of electronic file. Font files, video/audio documents, photos, software, etc..
Overall Simplicity and Modern Design
One thing that can’t be overlooked whenever You are selling something is how current your site looks. Individuals do not trust websites which look outdated, myself included. If a site looks like it hasn’t been upgraded since the net 2.0 days, I begin to wonder if perhaps I am in an abandoned construction and placing my payment information into it’d pretty much be just like throwing my money into a black hole.
That’s not true with Payhip though. The Site has a layout that is easy and very modern. This is what you’d anticipate a checkout page from a business In the event that you were to buy a merchandise on the world wide web. Bookrix
Another thing I like about Payhip is its own In general simplicity. In the 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 self-promotion whatsoever.
Finally, what I really enjoy about Payhip is That customer payment information isn’t stored by them, meaning that your clients’ payment details are secure. The payment is managed through PayPal or Stripe, and I prefer it this way because they’re big companies with a lot of cash to spend on top-shelf 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
One thing that bugs me around Payhip is that They do not possess a app. It’d be convenient to be able to open an app while I am out and around, and have a look through my data. You may log into the site and do this, but the site isn’t optimized for mobile devices.
I enjoy Payhip, but this is a really Lousy look in 2018. There’s no reason you shouldn’t have a website optimized for mobile, and when you’ve got that, you should be able to easily turn the site itself into it’s own app so users don’t have to manually register in every time they want to check sales information. Permit users of Payhip experience a better platform when they are on their mobile devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I would really like to see an ability that is added to suggest Other products. If they’re purchasing a bundle of logo templates for $5, I propose, or might provide a package of business card templates to get a couple of bucks. This is something that sites like VistaPrint and Amazon do very well.
I can’t help but feel like there is a Great Deal of money being left on the Table — for both myself and Payhip — without this functionality. This may improve the Payhip encounter for both the vendor and the customer.
Establish On A Fixed Timezone
This one is frivolous, but I Prefer to see it corrected.
Considering that Payhip is located at London, they have The functioning timezone for the entire website place to BST. Since I am located in the EST, I’ll occasionally check my analytics at 7PM or afterwards and see that I left 0 sales for the day since Payhip thinks it’s midnight and its data reveals that.
This is mostly a non-issue, but I Would like to see the ability to correct the site to your own timezone. Bookrix
More Flexibility with Coupon Codes
I know I raved about the coupon It is not perfect just yet, although code feature earlier.
As it stands, the only promotion You’re able to run via a coupon code. I’d like to be able to offer a dollar amount from the initial cost, or the ability to set a predetermined sale price.
At the moment, if I Need to put a $27 merchandise On sale for $10, do the math to determine what percentage off would render the price at $10 and I must break out the calculator. I think this is unnecessary and could be improved.
When creating A new product in Payhip, you have access to advanced alternatives which include —
- Make your merchandise personal.
- Add an ISBN (Internation Standard Book Number) to your eBook.
- Publish sample pages or a few preview.
- To the number of copies of your product or market could be, add a limitation number sold.
- Create a license key that is exceptional for each of your product/eBook revenue.
Just how much does this cost?
Payhip will Cost you nothing to establish or even host your digital 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? Total, yes. I am very much a happy client, but whether or not 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 for something such as Gumroad, then yes, I would absolutely recommend Payhip. In case you know you’ll do at least $ 1,000 in sales every month and market a merchandise that is high-ticket or have a huge audience, you may want to check into something most cost effective.
As of this date of this writing, Payhip functions On a set fee of 5 percent of each sale. Gumroad’s fee is now 3.5% + $0.30 per transaction + $10 a month.
If you are going to be promoting less than $1,000 a month in total volume, the mathematics should (in most cases) favor Payhip. But if you are selling into the thousands, you want to go with Gumroad or start looking into some choice. That is largely dependent on the number of transactions it requires to achieve those sales numbers, however, so make sure that you crunch the numbers on your own.
Personally, I absolutely love the Payhip Experience and am very thankful for their services. I would like to see them continue to grow and succeed. Bookrix