Of All of the ways of monetizing blog Articles, my favorite Strategy is To make and sell products like learning design templates and materials. I’ve discovered that it is extraordinarily profitable than running advertisements from networks like AdSense, and self explanatory products convert at a significantly higher speed compared to an affiliate product that someone else created. The support I use to facilitate this is Payhip, and in this post I’ll be sharing what I like and dislike about the service based on my Payhip expertise as a vendor for 2+ years. Colordict
My Payhip Experience
If you wanted to sell digital products Through your own website, you’ll need a way to facilitate trades — some kind of infrastructure which will enable a client to select your goods, pay for it, and also have it immediately delivered to them with whole hands-off automation. Payhip solves this problem.
Payhip is An e-commerce platform/website that provides customers with options and the easiest tools for promoting products directly to their customers and hosting online.
The company Was co-founded by Abs Farah and Kahin Farah and is currently based in my capital city of London.
What are the benefits of using Payhip?
Each online Platform differs, and I’ve used a few of these previously.
Having A platform that is simple to use and one that doesn’t take a huge amount of my time that is valuable is of paramount significance.
Payhip will Save a great deal of time because everything is cared for on the Payhip platform.
The Advantages that I’ve gained the most from using Payhip comprise –
- EU VAT is taken care of, which is a big plus in my book.
- Affordable. The website takes zero fees asides From 5 percent per trade when you sell a digital product.
- Accessibility to analytics accounts.
- Access to advertising tools. You have the option to make Coupons and societal discounts.
- Ability to signup, manage and reward your affiliates.
- Access to product sharing programs . Plus it is possible to embed Purchase and your merchandise Now buttons on blog or your site.
- The ability to setup mailing lists so that your clients can Subscribe and stay up to date with your electronic products, and much more.
- Immediate digital product shipping via email link for buyers.
What I Like About Payhip
Let’s get to the details. Following my 2 year Payhip expertise, Here Is What I love about the service…
Payments Are Instantaneous
Payhip let us your customers pay with PayPal Or from credit/debit card with Stripe, plus they don’t cover monthly/weekly/quarterly or force you to wait around for them to clean some kind of holding period. When a customer makes a purchase, the cash is immediately available in your accounts, and if you’ve got the PayPal and also Stripe programs installed on your mobile device, you’ll get notifications whenever a sale happens. Colordict
I happen to love this. The excitement of Seeing a sale that is new never gets older. It’s also good 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 easily available for you to spend. The caveat to this can be Stripe. If your customers card using Stripe, there’ll be a three day hold before the cash is available. This is Stripe though — Payhip does not hold your cash at all.
No Monthly Fees
One of the things that Payhip initially sold me is that there is no Monthly fees or setup charges — only a simple flat fee of 5% per purchase .
This was attractive to me back in 2016 Since, at the time, my readership was 1/10th of what it’s now, and I was not positive I was likely to consistently sell enough product to justify paying a monthly fee for a similar service like Gumroad. As a relatively new blogger with a small audience, Payhip was the no-risk solution that best fit my situation.
Simple To Understand Analytics
Payhip’s back end Provides an analytics page That lets you view trades and earnings quantities relative to this day, month, week, year, or some other given range. Best of all, it is a report.
If you have ever used Google Analytics or Facebook analytics, the amount of data you are instantly smacked in the face can be a bit overwhelming, and a lot of it’s mostly useless also. Payhip just gives you what you are there to see — revenue data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip encounter is The capacity to run promotions by producing coupon codes.
The codes can be for almost any percentage you would Like and for any (or all) products. They can run for any length you want (or even permanently,) along with the code itself can even be customized to whatever series of text you desire.
I’ve found this to be useful. Occasionally I will run a weekend marketing, place it on Facebook boost the post targeting a pixel audience and I never fail to go ROI positive by it. People truly do respond to limited time offers. Colordict
Your Own Affiliate Program
Payhip Provides you the capability Readers register as an affiliate of your shop, and you can award them a commission of whatever percent you would like someone purchases a product using their custom affiliate link.
This is useful since it allows Men and Women To sell your merchandise and should they have a platform and an audience of their own that they can tap to, the commissions paid will be well worth it.
Easy Integration with Email Marketing
You will be, if you are into email advertising Able to easily integrate Payhip with your email advertising provider that is chosen so that if a purchase is made, the email address of the purchaser could be added to a list that is selected.
This is relatively minor but I think it’s Pretty cool so I want to give it a reference — if you desire, you’ll have Payhip postage the purchaser’s email address into the top left corner of each page of a PDF document they’ve bought.
So if someone intends to Purchase Your PDF Book make it publicly available for free they’ll have to be okay with their email address being accessible. I believe that’s a means of deterring pirating.
Upload Many Kinds of Files
Payhip is not Only a marketplace for ebooks — You can upload 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 how present your website looks. Individuals do not trust sites that appear outdated, myself included. If a site looks like it hasn’t been upgraded since the web 2.0 days, I start to wonder if perhaps I’m in an abandoned building and placing my payment info to it would pretty much be like throwing my money into a black hole.
That is not true with Payhip though. The Site has a layout that is very contemporary and simple. In the event that you were to purchase a merchandise this is what you would expect a checkout page by a business. Colordict
Another thing I enjoy about Payhip is its own Overall simplicity. From the a visitor lands on your product page, Payhip stays out of the way. They display your graphics, sales copy, and just the crucial info (like price.) They do nothing to interfere with your purchase — no self-promotion whatsoever.
Finally, what I like about Payhip is That they do not store customer payment information, meaning that your clients’ payment details are safe. The payment is handled through Stripe or PayPal, and I prefer it that way as they’re large, successful companies with lots of money to spend on top-shelf 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 improved…
No Mobile App
1 thing that bugs me about Payhip is that They don’t have a program. It’d be convenient to have the ability to open an app while I’m out and about and have a look during my sales data. You may log into the website and do so, but the site isn’t even optimized for mobile devices.
I enjoy Payhip, but this is a very Bad appearance in 2018. There is no reason you shouldn’t have a site optimized for mobile, and when you’ve got that, you should be able to easily turn the site itself into it’s own program so users don’t need to manually sign in each time they want to inspect sales information. Permit users of Payhip experience a platform when they are on their cellular devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I’d like to see an capability that is added to suggest Other products. By way of instance, if they are purchasing a bundle of templates for $5, then I could provide a package of business card templates or suggest. This is something that sites like Amazon and VistaPrint do.
I can’t help but feel like there is a lot of money being left on the Table — for myself and Payhip — with no functionality. This could improve the Payhip experience for both the client and the vendor.
Establish On A Fixed Timezone
This one is frivolous, but I had still Like to see it corrected.
Considering that Payhip is located in London, they’ve BST was place to by the timezone for the whole website. Since I am found in the EST, I’ll sometimes check my analytics at 7PM or later and see that I left 0 sales for the day since Payhip thinks it’s midnight and its data reflects that.
This is a non-issue, however I Would like to see that the ability to correct the site. Colordict
More Flexibility with Coupon Codes
I know I raved about the coupon It is not quite perfect, although code feature earlier.
As it stands, the only promotion You’re able to run via a coupon code. Ideally, I’d love to have the ability to supply a dollar amount from the price, or the ability to set a sale price that is predetermined.
Right Now, if I want to put a product that is $27 Available for $10, I must break out the calculator and do the math to figure out what percentage off would render the last price. I believe this is unnecessary and may be made better.
When creating A brand new product in Payhip, you have access to advanced alternatives including —
- Make your merchandise personal.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Upload a preview or sample pages.
- To the number of copies of your product or eBook can be, Insert a limitation number sold.
- Generate a license key that is exceptional .
How much does it cost?
Payhip will Cost you or even host your products. The website takes just 5 percent commission per trade fee.
Can I Recommend Payhip?
This leaves us with the burning question: after 2+ years as a vendor on Payhip, would you recommend it? Overall, yes. I am a satisfied customer, but whether or not you ought to use it depends upon your situation.
If you’re a 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 merchandise that is high-ticket or have a huge audience and know that you’ll do at least $ 1,000 in sales each month, you may want to check into something most cost effective.
As of the date of this writing, Payhip works On a flat fee of 5% of every sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 a month.
If you’re going to be selling less than $1,000 a month in total volume, the math should (in most cases) prefer Payhip. But if you are selling into the thousands, you’ll probably need to go with Gumroad or look into some choice. That is all dependent on the number of transactions it takes to achieve those sales numbers, however, so make sure that you crunch the numbers.
Personally, I absolutely love the Payhip Expertise and am very thankful for their solutions. I want to see them continue to grow and succeed. Colordict