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Of all the ways of monetizing content that is blog, my Strategy is Such as studying materials and design templates, to make and sell electronic products. I’ve found that it’s extraordinarily more rewarding than running ads and products convert at a greater rate than an affiliate product that someone else created. The service I use to facilitate this is Payhip, and in this article I’ll be sharing what I both like and dislike about the service based in my Payhip expertise as a vendor for two + years. Digital Selfie Camera
My Payhip Expertise
If you’ve ever wanted to sell digital products Through your own website, you’ll need a means to facilitate trades — some sort of infrastructure that will allow a customer to select your product, cover it, and have it instantaneously delivered to them with whole hands-off automation. Payhip solves this problem.
Payhip is An that gives users with solutions and the tools for hosting and selling electronic products 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.
Which are the benefits of utilizing Payhip?
Each online Platform differs, and I’ve used a few of these in the past.
Having A stage that is simple to use and one that doesn’t take a huge amount of my valuable time is of paramount significance.
Payhip will Save a great deal of time because everything is cared for on the Payhip platform.
The Benefits that I’ve gained the most from utilizing Payhip include –
- 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 digital item.
- Accessibility to analytics accounts.
- Access to marketing tools. You have the option to create Coupons and social discounts.
- Capability to signup, handle and reward your own affiliates.
- Access to product sharing tools. Plus you can embed Purchase and your product Now buttons directly on blog or your own website.
- The ability to setup mailing lists so that your clients can Subscribe and stay up to date with your digital goods, and much more.
- Immediate digital merchandise shipping via email link for customers.
What I Like About Payhip
Let’s get to the information. Following my 2+ year Payhip expertise, here’s what I really like about the service…
Payments Are Instantaneous
Payhip let us your customers pay with PayPal Or from credit/debit card using Stripe, and they don’t cover monthly/weekly/quarterly or make you wait around for them to clean some kind of holding period. When a client makes a purchase, the cash is instantly available in your account, and if you have the PayPal and Stripe programs installed on your mobile device, you are going to receive notifications whenever a sale occurs. Digital Selfie Camera
I happen to appreciate this. The excitement of Seeing a brand new sale never gets old. In addition, it is good to wake up in the morning, reach to your phone, and see that you made X amount of dollars while you’re sleeping, and it’s all readily available for you to spend. The caveat to this is Stripe. If your customers card with Stripe, there will be a 3 day hold until the money is available. That is Stripe however — Payhip does not hold your cash at all.
No Monthly Charges
Among those things that Payhip originally sold me is that there’s no Monthly charges or installation charges — only a simple flat fee of 5 percent per purchase .
This was appealing to me Since, at the moment, 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 crowd, Payhip was the quickest solution that best fit my scenario.
Easy To Understand Analytics
Payhip’s back end Provides an analytics page That lets you see trades and earnings quantities relative to the day, week, month, year, or some other specified selection. Best of all, it’s a really straightforward and to-the-point report.
If you have used Google Analytics or Facebook analytics, the number of information you are immediately smacked in the face can be a bit overwhelming, and lots of it is mostly useless too. Payhip just gives you what you’re there to view — sales information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip encounter is By creating coupon codes, promotions to run.
The codes may be for any percentage you’d Enjoy and for any (or all) products. They could run for whatever duration you’d like (or even permanently,) along with the code itself may even be customized to whatever string of text you would like.
I have found this to be somewhat helpful. Sometimes I will conduct a weekend promotion, post it on Facebook raise the post targeting a pixel audience and I don’t fail to go ROI positive by it. People do respond to limited time offers. Digital Selfie Camera
Your Own Affiliate Program
Payhip Provides you the capability Readers sign up as an affiliate of your shop, and you can award them a commission of whatever percentage you would like, whenever someone purchases a product using their customized affiliate link.
This is useful because it allows other people To sell your products for you, the commissions paid will be worth it, and if they have a stage and an audience of their own that they can tap into.
Easy Integration with Email Marketing
You’ll be if you are into email marketing Able to incorporate Payhip with your preferred email marketing provider so that a sale is made, the email address of the purchaser could be added to a selected list.
This is relatively minor but I think it’s Pretty cool so I wish to give it a reference — if you so desire, you can have Payhip stamp the purchaser’s email address into the upper left corner of each page of a PDF document they have bought.
So if someone intends to buy your PDF Publication make it accessible for free they will have to be fine with their personal email address being publicly accessible. I think that is a means of deterring pirating.
Upload Most Sorts of Files
Payhip is not just a marketplace for ebooks — It’s possible to upload any kind of digital file. Font documents, video/audio files, photographs, software, etc..
Total Simplicity and Modern Design
One thing that can’t be overlooked whenever You are selling something is the way present your website appears. Individuals generally do not trust myself included. If a website looks like it hasn’t been upgraded since the web 2.0 times, then I begin to wonder if maybe I’m in an abandoned building and putting my payment information to it would pretty much be like throwing my money into a black hole.
That’s not the case with Payhip though. The Site has a very contemporary and simple layout. This is exactly what you would anticipate a checkout page by a trusted company to appear like In the event that you should purchase a merchandise on the world wide web. Digital Selfie Camera
Another thing 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 images, sales copy, and only the critical information (such as price.) They do absolutely nothing to interfere with your sale — no self-promotion whatsoever.
Eventually, what I actually like about Payhip is That customer payment information isn’t stored by them, meaning your clients’ payment details are secure. The payment is managed through Stripe or PayPal, and I prefer it this way because 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 enhanced…
No Mobile App
One thing that bugs me around Payhip is that They don’t possess a mobile app. It would be convenient to be able to start an app and have a look during my data while I am out and about. The site isn’t even optimized for mobile devices, although you may log in to the website and do this.
I enjoy Payhip, but that is a very Bad look in 2018. There’s no reason you shouldn’t have a site optimized for cellular, and once you’ve got that, you should be able to easily turn the website itself into it’s own app so users do not have to manually register in every time they want to check sales information. Permit 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 really like to see an added ability to indicate Other products similar to what the customer is about to purchase. If they are buying a package of templates for $5, then I suggest some other similar product that could interest them that they didn’t know about, or could provide a bundle of business card templates to get a few added bucks. This is something that websites like VistaPrint and Amazon do very well.
I can’t help but feel as though there’s a Great Deal of money Table — for myself and Payhip — without this functionality. This may enhance the Payhip experience for both the vendor and the client.
Establish On A Fixed Timezone
This one is mostly frivolous, but I’d still Like to see it corrected.
Since Payhip is located at London, they’ve BST was set to by the timezone for the whole site. Since I’m found in the EST, I will sometimes check my analytics at 7PM or later and see that I left 0 earnings for the day because Payhip believes it is midnight and its own data reveals that.
Again, this is mostly a non-issue, however I Would love to see the ability to correct the site to your timezone. Digital Selfie Camera
More Flexibility with Coupon Codes
I know I raved about the coupon It’s not perfect yet, although code feature earlier.
As it stands, the only promotion You’re able to run via a coupon code. I’d love to be able to supply a dollar amount to set a sale price that is predetermined.
At the moment, if I Need to put a $27 merchandise On sale for $10, I have to break out the calculator and manually do the math to determine what percentage off would render the cost at $10. I think this is unnecessary and could be improved.
When creating A new product in Payhip, you have access to innovative options including —
- Make your merchandise personal.
- Add an ISBN (Internation Standard Book Number) to your eBook.
- Publish a sample or preview pages.
- To how many copies of your product or market could be, Insert a limitation number sold.
- Create a 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.
Would I Recommend Payhip?
This leaves us with the burning question: after 2+ years as a vendor on Payhip, would you recommend it? Total, yes. I am very much a happy customer, but whether or not you ought to use it depends upon your 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 recommend Payhip. But if you know you’ll do at least $ 1,000 in sales each month and market a high-ticket product or have a huge audience, you may want to check into something most cost-efficient.
As of the date of this writing, Payhip functions 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 are going to be selling $1,000 per month in total volume, the math should (in most cases) prefer Payhip. But if you are selling into the thousands, you’ll probably want to go with Gumroad or look into some alternative. This is mostly dependent on the number of transactions it takes to achieve those sales numbers so be certain that you crunch the numbers.
Personally, I absolutely love the Payhip Expertise and am really grateful for their services. I want to see them continue to grow and succeed. Digital Selfie Camera