Background Buy And Sell
Of All of the ways of monetizing blog content, my method is To make and sell products such as studying layout templates and materials. I have found that it’s extraordinarily more profitable than running ads and self-made products convert at a significantly higher rate compared to an affiliate product that somebody else created. The service I use to facilitate this is Payhip, and this post I will be sharing what I both like and dislike about the ceremony based in my Payhip experience for a vendor for two + years. Buy And Sell
My Payhip Experience
If you wanted to sell digital products Through your own site, you’ll need a way to facilitate transactions — some kind of infrastructure which will enable a client to select your goods, cover it, and have it instantaneously delivered to them with whole hands-off automation. Payhip solves this issue.
Payhip is An that provides users with the tools and options for hosting and promoting electronic products straight to their clients online.
The Provider Was co-founded by Abs Farah and Kahin Farah and is now based in my capital city of London.
Which are the benefits of utilizing Payhip?
Each online Platform is different, and I’ve used a couple of them in the past.
For me personally, having A stage that is so simple to use and one that doesn’t take a massive amount of my 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 Advantages that I’ve gained the most from using Payhip comprise –
- EU VAT is cared for, and it is a big plus in my book.
- Affordable. The site takes zero fees asides From 5% per transaction when you sell a product.
- Accessibility to analytics accounts.
- Access to marketing tools. You have the option to create Coupons and societal discounts.
- Capability to signup, handle and reward your affiliates.
- Access to merchandise sharing programs . Plus it is possible to embed Your product and purchase Now buttons directly on your website or blog.
- The Capacity to setup mailing lists so that your clients can Subscribe and stay up to date with your electronic goods, and much more.
- Immediate digital product shipping via email link to customers.
What I Like About Payhip
Let us get to the information. After my 2+ year Payhip experience, here’s what I really like about the ceremony…
Payments Are Instantaneous
Payhip let us your customers pay with PayPal Or by credit/debit card with 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 accounts, and if you have the PayPal and Stripe programs installed on your mobile device, you’ll receive notifications each time a sale happens. Buy And Sell
I happen to love this. The excitement of Seeing a sale never gets older. In addition, it is good to awake in the morning, reach for your phone, and see that you made X number of dollars while you’re sleeping, and it’s all easily available for you to spend. The only caveat to this is Stripe. If your customers card with Stripe, there will be a three day hold before the cash is available. That is all Stripe though — Payhip does not hold your cash at all.
No Monthly Charges
Among the things that Payhip initially sold me is that there’s no Monthly fees or setup charges — just a simple flat charge of 5% per purchase .
This was attractive to me in 2016 Because, at the time, my readership was less than 1/10th of what it’s now, and that I wasn’t positive that I was going to consistently sell enough product to justify paying a monthly fee to get a similar service like Gumroad. As a relatively new blogger with a small audience, Payhip was the no-risk solution that best match my scenario.
Simple To Know Analytics
Payhip’s back end Provides an analytics page That lets you see trades and earnings quantities relative to this day, week, month, year, or some other given range. Best of all, it’s a really straightforward and to-the-point report.
If you’ve used Google Analytics or Facebook analytics, the number of data you are instantly smacked in the face can be somewhat overwhelming, and lots of it is mostly useless too. Payhip just provides you exactly what you’re there to see — revenue information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip experience is Promotions to conduct by producing coupon codes.
The codes may be Enjoy and for any (or all) products. They can run for any length 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 helpful. Occasionally I will conduct a weekend promotion, post it on Facebook raise the post 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. Buy And Sell
Your Own Affiliate Program
Payhip gives you the ability Readers register as an affiliate of your shop, and you can award, someone purchases a product with their customized affiliate link.
This is useful because it allows other people To market your merchandise and should they have a stage and an audience of their own they can tap into, the commissions paid will be worth it.
Easy Integration with Email Marketing
You’ll be if you’re into advertising Able to easily integrate Payhip along with your email marketing supplier so that if a purchase is made, the email address of the purchaser could be added to a listing that is chosen.
That is small but I think it’s Pretty cool so I wish to give it a reference — if you so desire, you’ll have Payhip stamp the purchaser’s email address to the top left corner of each page of a PDF document they’ve purchased.
So if someone plans to Purchase Your PDF Publication then make it accessible for free they will need to be fine with their private email address being publicly available. I believe that is a creative means of deterring pirating.
Upload Many Sorts of Files
Payhip is a market for ebooks — You can upload any kind of digital file. Font documents, video/audio files, photos, software, etc..
Overall Simplicity and Modern Design
1 thing that can’t be overlooked whenever You are selling something is the way current your website appears. Individuals do not trust 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 am in an abandoned building and putting my payment information to it would pretty much be just like throwing my money into a black hole.
That is not the case with Payhip though. The Website has a easy and very contemporary design. This is what you would expect a checkout page by a trustworthy business to look like if you were to purchase a merchandise on the world wide web. Buy And Sell
Another thing that I enjoy about Payhip is its In general simplicity. In the moment 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 absolutely 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 this way because they are successful companies with a lot of cash to spend on top-shelf security.
What I Dislike About Payhip
As much as I like Payhip, it is far from perfect. Here are some things 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 mobile app. It’d be convenient to have the ability to start an app while I am out and about and take a look. You do this and may log in to the site, but the site is optimized for mobile devices.
I enjoy Payhip, but that is a really Lousy appearance in 2018. There is no reason you should not have a site optimized for cellular, and when you have that, you ought to be able to easily turn the site itself into it’s own program so users don’t need to manually register in every time they want to inspect sales information. Permit users of Payhip experience a platform when they’re on their devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I’d like to see an capability to indicate Other products. By way of instance, if they’re buying a bundle of logo templates for $5, then I propose, or might offer a package of business card templates to get a few extra bucks. This is something that websites like Amazon and VistaPrint do 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 experience for both the seller and the customer.
Establish On A Fixed Timezone
This one is frivolous, but I Prefer to see it fixed.
Since Payhip is located at London, they’ve The working timezone for the whole site place to BST. Since I am located in the EST, I will occasionally check my stats at 7PM or later and see that I left 0 earnings for the day because Payhip believes it’s midnight and its own information reflects that.
This is a non-issue, but I Would like to see that the capability to adjust the site to your timezone. Buy And Sell
More Flexibility with Coupon Codes
I know I raved about the coupon It’s not quite perfect yet, although Code attribute earlier.
As it now stands, the advertising You’re able to run through a voucher code. Ideally, I’d like to have the ability to supply a dollar amount to set a sale price that is predetermined.
Right Now, if I want to place a $27 product Available for $10, I have to break out the calculator and do the math to figure out what percentage off would render the price at $10. I believe this is unnecessary and could be made better.
When creating A brand new product in Payhip, you have access to advanced options which include —
- Make your product private.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Upload sample pages or a few preview.
- To how many copies of your product or eBook can be, Insert a limit number sold.
- Create a unique license key for all your product/eBook revenue.
How much does it cost?
Payhip will Cost you to set up or host your products. The website takes only 5% commission per trade 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 very much a satisfied customer, but whether you ought to use it depends on 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 such as Gumroad, then yes, I would recommend Payhip. But if you market a product that is high-ticket or have a massive audience and know you’ll be doing at least $ 1,000 in sales each month, you might want to look into something most cost-efficient.
As of the date of the writing, Payhip works On a flat fee of 5 percent of each sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 a month.
If you are going to be promoting $1,000 per month in total quantity, the mathematics should (typically ) prefer Payhip. But if you are selling well into the thousands, you need to decide on Gumroad or look into some alternative. That is dependent on the number of transactions it requires to reach those sales numbers though, so make certain that you crunch the numbers for yourself.
Personally, I absolutely love the Payhip Expertise and am very grateful for their services. I would like to see them continue to grow and succeed. Buy And Sell