Intro Digital Ecommerce
Of All of the ways of monetizing content, my Strategy is Like learning materials and design templates to create and sell products. I have discovered that it is extraordinarily more profitable than running advertisements from networks such as AdSense, and self-made products convert at a higher speed compared to an affiliate product that somebody else created. The service I use to ease this is Payhip, and in this article I will be sharing what I both like and dislike about the service based on my Payhip experience as a seller for 2+ years. Digital Ecommerce
My Payhip Expertise
If you wanted to sell products Through your own website, you are going to need a means to facilitate trades — some sort of infrastructure which will enable a client to select your product, pay for it, and have it instantaneously delivered to them with complete hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An that gives users with the simplest tools and solutions for selling products 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 utilizing Payhip?
Each online Platform differs, and I’ve used a couple of these previously.
For me personally, having A stage that is so simple to use and one that doesn’t take a huge amount of my time that is valuable is of utmost importance.
Payhip will Save you a great deal of time too because everything is taken care of on the Payhip platform.
The Advantages that I’ve gained the most from utilizing Payhip include –
- EU VAT is taken care of, and it is a huge plus in my book.
- Affordable. The website takes zero fees asides From 5% per transaction when you sell a item.
- Accessibility to analytics reports.
- Access to advertising 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 you can embed Your product and Buy Now buttons on your site or blog.
- The ability to setup mailing lists so that your customers can Subscribe and stay up to date with your electronic goods, and more.
- Instant digital product shipping via email link to buyers.
What I Enjoy About Payhip
Let’s get to the information. Following my 2+ year Payhip expertise, here’s what I love about the service…
Payments Are Instantaneous
Payhip let us your customers pay with PayPal Or by credit/debit card with Stripe, plus they don’t cover monthly/weekly/quarterly or make you wait around for them to clear some kind of holding period. When a customer makes a purchase, the money is instantly available on your account, and if you have the PayPal and also Stripe apps installed on your mobile device, you’ll receive notifications each time a sale happens. Digital Ecommerce
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 phone, and see that you made X number of dollars while you were sleeping, and it is all easily available for you to spend. The only caveat to this can be Stripe. If your clients pays by card with Stripe, there’ll be a 3 day hold before the money is available. That is Stripe however — Payhip doesn’t hold your money in any way.
No Monthly Charges
One of the things that Payhip initially sold me is that there is no Monthly fees or installation charges — just a simple flat fee of 5% per sale.
This was attractive to me back Because, at the time, my readership was less than 1/10th of what it is now, and that I was not positive that I was likely to consistently sell enough product to justify paying a monthly fee for a similar service such as Gumroad. As a relatively new blogger with a small audience, Payhip was the quickest solution that best fit my scenario.
Simple To Know Analytics
Payhip’s back end offers an analytics page That enables you to view trades and earnings quantities relative to the day, month, week, year, or any other specified range. On top of that, it is a report that is to-the-point and very straightforward.
If you have used Google Analytics or Facebook analytics, the number of data you’re immediately smacked in the face can be somewhat overwhelming, and lots of it’s largely 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 experience is By creating coupon codes, promotions to conduct.
The codes may be Like and for any (or all) products. They can run for any length you want (or even permanently,) and the code itself can even be customized to whatever string of text you would like.
I have found this to be helpful. Sometimes I’ll run a weekend promotion, place it on Facebook boost the article targeting a pixel re-marketing audience and I never fail to go ROI positive with it. People truly do respond well to limited time offers. Digital Ecommerce
Your Own Affiliate Program
Payhip Provides you the ability Readers sign up as an affiliate of your shop, and you can grant them a commission of whatever percentage you would like whenever someone buys a product using their custom affiliate link.
This is useful since it allows other Men and Women To sell your products the commissions paid will be well worthwhile, and should they have a stage and an audience of their own that they can tap to.
Easy Integration with Email Marketing
You will be, if you are into marketing Able to integrate Payhip along with your email advertising supplier that is chosen so that if a purchase is made, the buyer’s email address could be added into a list.
That is minor but I think it’s Pretty cool so I wish to give it a reference — if you desire, you’ll have Payhip stamp the purchaser’s email address to the upper left corner of each page of a PDF document they’ve purchased.
So if someone plans to buy your PDF Book make it accessible for free somewhere else, they’ll have to be fine with their email address being accessible as well. I believe that is a way of deterring pirating.
Upload Many Sorts of Files
Payhip isn’t just a market for ebooks — You can upload any sort of file. Font files, video/audio documents, photographs, software, etc..
Overall Simplicity and Modern Design
1 thing that can not be overlooked whenever You are selling something is your site looks. People generally do not trust websites which appear obsolete, myself included. If a site looks like it has not been updated since the net 2.0 days, I begin to wonder if maybe I’m in an abandoned building and putting my payment info to it’d pretty much be like throwing my money into a black hole.
That’s not the case with Payhip though. The Website has a layout that is very contemporary and easy. In the event that you were to buy a merchandise on the world wide web, this is what you would anticipate a checkout page from a company. Digital Ecommerce
Another thing I like about Payhip is its In general simplicity. From the a visitor lands on your product page, Payhip remains out of the way. They display your images, sales copy, and only the critical info (like price.) They do nothing to interfere with your purchase — no.
Finally, what I actually enjoy about Payhip is That customer payment information isn’t stored by them, meaning your customers’ payment details are safe. The payment is managed through Stripe or PayPal, and I prefer it this way as they are successful companies with a lot of cash.
What I Dislike About Payhip
As much as I enjoy Payhip, it is 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 mobile program. It’d be convenient to have the ability to start an app while I’m out and around and have a look. You can log into the site and do so, but the site isn’t even optimized for mobile devices.
I like Payhip, but that is a very Lousy look in 2018. There’s no reason you should not have a site optimized for mobile, and when you’ve got that, you ought to be able to easily turn the site itself into it’s own app so users don’t need to manually register in each time they want to inspect sales information. Users of Payhip encounter a platform when they are on their devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I’d like to see an ability to indicate Other products similar to what the client is going to purchase. For example, if they’re purchasing a bundle of logo templates for $5, then I might provide a bundle of business card templates or propose. This is something which websites like VistaPrint and Amazon do.
I can’t help but feel as though there’s a lot of money Table — for myself and Payhip — without this functionality. This may improve the Payhip experience for both the customer and the vendor.
Set On A Fixed Timezone
This one is largely frivolous, but I Prefer to see it corrected.
Considering that Payhip is located in London, they have The functioning timezone for the site place to BST. Since I am located in the EST, I will sometimes check my stats at 7PM or afterwards and see that I made 0 sales for the day because Payhip believes it is midnight and its own information reveals that.
This is a non-issue, however I Would like to observe that the ability to correct the website to your timezone. Digital Ecommerce
More Flexibility with Coupon Codes
I know I raved about the coupon Code feature but it’s not perfect just yet.
As it now stands, the sole promotion You’re able to run via a coupon code is to get a percent off. Ideally, I’d love to have the ability to supply a dollar amount to set a predetermined sale price.
At the moment, if I want to put a $27 merchandise On sale for $10, I must break out the calculator and manually do the math to figure out what percentage off would leave the last price. I think this is unnecessary and could be improved.
When creating A new product in Payhip, you also have access to innovative alternatives including —
- Make your product private.
- Insert an ISBN (Internation Standard Book Number) to your eBook.
- Publish sample pages or a preview.
- To how many copies of market or your product can be, Insert a limit amount sold.
- Generate a license key that is unique for all your product/eBook revenue.
How much does it cost?
Payhip will Cost you 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 2+ years as a seller on Payhip, do you recommend it? Overall, yes. I am a customer, but whether you ought to use it depends upon your situation.
If you’re a blogger with a small audience And you can’t justify spending $10+ a month to get something such as Gumroad, then yes, I would recommend Payhip. But if you know you’ll do at least $ 1,000 in sales each month and sell a merchandise or have a massive audience, you may want to look into something.
As of the date of the 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 are going to be selling $1,000 per month in total volume, the mathematics should (in most cases) favor Payhip. But if you are selling into the thousands, you’ll probably want to go with Gumroad or start looking into some other choice. This is largely dependent on the number of transactions it takes to reach those sales numbers so make sure to crunch the numbers.
Personally, I absolutely love the Payhip Expertise and am very grateful for their services. I want to see them continue to grow and succeed. Digital Ecommerce