Background Digital Download Store
Of all the ways of monetizing content, my favorite method is To create and sell electronic products. I have discovered that it’s extraordinarily more rewarding than running ads and self explanatory products convert at a much higher speed than an affiliate product that somebody else created. The service I use to ease this can be Payhip, and in this post I will be sharing what I both like and dislike about the ceremony based on my Payhip expertise as a vendor for 2+ years. Digital Download Store
My Payhip Experience
If you have ever wanted to market digital products Through your own site, you are going to need a way to facilitate transactions — some kind of infrastructure which will enable a customer to select your product, cover it, and also have it immediately delivered to them with whole hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An that gives customers with options and the tools for hosting and selling products straight to their customers online.
The company 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 previously.
Having A platform that is simple to use and one that doesn’t take a massive amount of my time is of paramount importance.
Payhip will Save you a lot of time because everything is cared for on the Payhip platform.
The Benefits that I’ve gained the most from using Payhip include –
- EU VAT is taken care of, which is a huge plus in my book.
- Affordable. The website takes zero fees asides From 5 percent per trade when you sell a item.
- Access to analytics accounts.
- Access to advertising tools. You have the option to make Coupons and societal discounts.
- Ability to signup, handle and reward your affiliates.
- Access to merchandise sharing tools. Plus you can embed Your merchandise and Buy Now buttons on blog or your own website.
- The ability to setup mailing lists so that your clients can Subscribe and stay current with your products, and much more.
- Instant digital merchandise delivery via email link to customers.
What I Enjoy About Payhip
Let us get to the information. After my 2+ year Payhip experience, here’s what I love about the ceremony…
Payments 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 clean some sort of holding period. When a client makes a purchase, the cash is immediately available in your accounts, and in case you’ve got the PayPal and also Stripe apps installed on your mobile device, you are going to receive notifications each time a sale occurs. Digital Download Store
I happen to love this. The excitement of Seeing a new sale never gets old. In addition, it is great to wake up in the morning, reach to your telephone, and also see you made X number of dollars while you’re sleeping, and it’s all readily available for you to spend. The only caveat to this is Stripe. If your customers card with Stripe, there’ll be a 3 day hold until the cash is available. That is 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 charges or setup charges — just a simple flat charge of 5% per sale.
This was appealing to me back in 2016 Since, at the time, my readership was 1/10th of what it is now, and I was not 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 page That enables you to view trades and earnings amounts relative to the day, week, month, year, or some other specified range. On top of that, it’s a simple 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 with can be somewhat overwhelming, and a lot of it’s mostly useless also. Payhip just gives you exactly what you are there to view — sales data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip encounter is The ability to conduct promotions.
The codes can be for almost any percentage you’d Enjoy and for any (or all) products. They could run for whatever duration you’d like (or even permanently,) and the code itself can even be customized to whatever string of text you desire.
I have found this to be helpful. Occasionally I will run a weekend promotion, place it on Facebook raise the article targeting a pixel audience and I don’t fail to go ROI positive with it. People do respond to limited time offers. Digital Download Store
Your Own Affiliate Program
Payhip Provides you the ability to let your Readers sign up as an affiliate of your shop, and someone purchases a product using their customized affiliate link, you are able to grant.
This is useful because it allows people To sell your products for you, the commissions paid will be well worth it, and should they have a stage and an audience of their own they can tap to.
Easy Integration with Email Marketing
You will be, if you’re into email advertising Able to easily incorporate Payhip along with your email advertising provider that is preferred so that a purchase is made, the purchaser’s email address can be added into a listing that is selected.
This is relatively minor but I think it’s Pretty cool so I want to give it a reference — if you so desire, you can have Payhip stamp the buyer’s email address to the upper left corner of each page of a PDF document they have purchased.
So if someone intends to Purchase Your PDF Publication subsequently make it accessible for free they’ll have to be fine with their email address being available. I believe that’s a way of deterring pirating.
Upload Many Kinds of Files
Payhip is a market for ebooks — It’s possible to upload just about any sort of file. Font files, video/audio files, photographs, software, etc..
Overall Simplicity and Modern Design
One thing that can’t be overlooked whenever You are selling something is the way present your website appears. People generally don’t trust sites which look obsolete, myself included. If a site looks like it hasn’t been updated since the web 2.0 days, I begin to wonder if perhaps I am in an abandoned building and putting my payment information to it’d pretty much be just like throwing my money into a black hole.
That is not true with Payhip though. The Website has a simple and very modern design. This is exactly what you would anticipate a checkout page by a trustworthy company to look like In the event that you were to buy a digital product on the internet. Digital Download Store
Another thing that I enjoy about Payhip is its Overall simplicity. From the second a visitor lands on your product page, Payhip stays out of the way. They display your images, sales copy, and only the critical info (such as price.) They do nothing to interfere with your sale — no.
Eventually, what I enjoy about Payhip is That customer payment info isn’t stored by them, meaning that your customers’ payment details are safe. The payment is managed through PayPal or Stripe, and I prefer it this way because they’re big, successful companies with lots of money to invest on top-shelf security.
What I Dislike About Payhip
As much as I like 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 around Payhip is that They do not have a app. It would be convenient to be able to start an app while I am out and around, and have a look. The site isn’t even optimized for mobile devices, although you can log in to the website and do this.
I enjoy Payhip, but this is a really Lousy appearance in 2018. There’s no reason you should not have a site optimized for mobile, and once you’ve got that, you should be able to easily turn the website itself right into it’s own program so users don’t have to manually register in each time they would like to check sales data. 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 would like to see an capability that is added to suggest Other products similar to what the client is about to buy. For instance, if they’re buying a bundle of templates for $5, then I could offer a bundle of business card templates or suggest. This is something which websites like VistaPrint and Amazon do well.
I can not help but feel like there is a Great Deal of money being left on the Table — for both myself and Payhip — without this operation. This could improve the Payhip encounter for both the seller and the customer.
Set On A Fixed Timezone
This one is mostly frivolous, but I’d still Prefer to see it corrected.
Considering that Payhip is located in London, they’ve BST was place to by the working timezone for the website. Since I am located in the EST, I’ll sometimes check my stats at 7PM or later and see that I left 0 sales for the day since Payhip believes it is midnight and its own information reveals that.
Again, this is a non-issue, however I Would love to see that the capability to adjust the site to your timezone. Digital Download Store
More Flexibility with Coupon Codes
I know I raved about the coupon It is not perfect, although Code attribute earlier.
As it stands, the promotion You’re able to run via a coupon code is to get a percent off. I’d like to have the ability to offer a dollar amount to set a predetermined sale price.
At the moment, if I Need to place a $27 product Available for $10, do the math to determine what percent off will render the cost and I have to break out the calculator. I think that is unnecessary and could be made better.
When creating A new product in Payhip, you also have access to advanced options including —
- Make your merchandise private.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Upload a couple of preview or sample pages.
- Insert a limitation number to the number of copies of eBook or your product can be sold.
- Create a exceptional license key .
Just how much does this cost?
Payhip will Cost you nothing or even host your products. The site takes only 5 percent commission per transaction fee.
Can I Recommend Payhip?
This leaves us with the burning question: after 2years as a vendor on Payhip, do you recommend it? Total, yes. I am a satisfied client, but whether or not you ought to use it depends upon your own situation.
If you’re a blogger with a small audience And you can’t justify spending $10+ per month to get something like Gumroad, then yes, I would recommend Payhip. However, in case you know that you’ll be doing at least $ 1,000 in sales every month and sell a product that is high-ticket or have a massive audience, you might want to check into something.
As of the date of this 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 per month.
If you’re going to be selling $1,000 a month in total quantity, the math should (in most cases) favor Payhip. But if you are selling well into the thousands, you want to go with Gumroad or look into some other choice. This is all largely dependent on the number of transactions it requires to reach those sales numbers though, so be certain to crunch the numbers on your own.
Personally, I absolutely love the Payhip Experience and am really thankful for their services. I want to see them continue to grow and succeed. Digital Download Store