Introduction Digital Steel Plant
Of All of the ways of Creating Articles, my favorite Strategy is To create and sell products such as studying design templates and materials. I’ve discovered that it’s extraordinarily rewarding than running ads and self-made products convert at a much higher rate compared to an affiliate product that someone else created. The service I use to ease this can be Payhip, and in this article I will be sharing what I both like and dislike about the service based on my Payhip experience for a vendor for two + years. Digital Steel Plant
My Payhip Expertise
If you’ve ever wanted to market digital products Through your own website, you are going to need a means to facilitate transactions — some sort of infrastructure that will allow a client to select your product, pay for it, and also have it instantaneously delivered to them with complete hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An e-commerce platform/website that provides users with the tools and options for hosting and promoting products to their customers online.
The Provider Was co-founded by Abs Farah and Kahin Farah and is currently based in my capital city of London.
Which are the advantages of utilizing Payhip?
Each online Platform is different, and I have used a couple of them previously.
Having A platform that is so easy to use and one that doesn’t take a massive amount of my precious time is of paramount significance.
Payhip will Save you a lot of time because everything is cared for on the Payhip platform.
The Advantages that I’ve gained the most from utilizing Payhip include –
- EU VAT is taken care of, which can be a huge plus in my book.
- Affordable. The website takes zero fees asides From 5 percent per trade when you sell a product.
- Accessibility to analytics reports.
- Access to advertising tools. You have the option to make Societal and coupons discounts.
- Capability to signup, manage and reward your affiliates.
- Access to product sharing tools. Plus you can embed Your product and purchase Now buttons on blog or your own site.
- The ability to setup mailing lists so that your customers can Subscribe and stay current with your electronic products, and more.
- Instant digital merchandise shipping via email link for customers.
What I Enjoy About Payhip
Let’s get to the details. Following my two + year Payhip expertise, Here Is 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 in case you have the PayPal and Stripe programs installed on your mobile device, you are going to get notifications each time a sale happens. Digital Steel Plant
I happen to appreciate this. The excitement of Seeing a sale never gets old. In addition, it is good to wake up in the morning, reach to your telephone, and see that you made X number of dollars while you’re sleeping, and it is all easily available for you to spend. The caveat to this is Stripe. If your customers card with Stripe, there’ll be a 3 day hold before the money is available. That is all Stripe though — Payhip doesn’t hold your money in any way.
No Monthly Fees
One of those 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 moment, my readership was 1/10th of what it’s now, and I wasn’t positive I was going to always 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 audience, Payhip was the quickest solution that best match my scenario.
Simple To Understand Analytics
Payhip’s back end offers an page That enables you to view transactions and earnings amounts relative to the day, month, week, year, or any other specified range. Best of all, it’s a to-the-point and very simple report.
If you’ve ever used Google Analytics or Facebook analytics, the amount of data you’re instantly smacked in the face with can be a bit overwhelming, and lots of it’s mostly useless also. Payhip just gives you exactly what you’re there to see — sales information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip encounter is By creating coupon codes promotions to run.
The codes may be for any percentage you’d Like and for any (or all) products. They could run for whatever 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 somewhat useful. Sometimes I’ll conduct a weekend promotion, place it on Facebook, then raise the article targeting a pixel re-marketing audience and I don’t fail to go ROI positive with it. People do respond to limited time offers. Digital Steel Plant
Your Own Affiliate Program
Payhip gives you the ability Readers register as an affiliate of your shop, and you can award whenever someone buys a product with their customized affiliate link.
This is useful because it allows Men and Women To market your products for you, the commissions paid will be worthwhile and should they have a platform and an audience of their own they can tap to.
Easy Integration with Email Marketing
You’ll be, if you’re into marketing Able to integrate Payhip with your email advertising provider that is chosen so that if a sale is made, the email address of the purchaser can be added into a listing that is chosen.
That is small but I think it’s Pretty cool so I wish to give it a mention — if you desire, you can have Payhip postage the purchaser’s email address into the upper left corner of every page of a PDF document they have purchased.
So if someone intends to Purchase Your PDF Publication make it available for free they will need to be okay with their private email address being available. I think that is a really creative means of deterring pirating.
Upload Many Kinds of Files
Payhip is not just a marketplace for ebooks — It’s possible to upload just about any sort of digital file. Font files, video/audio documents, photos, software, etc..
Overall Simplicity and Modern Design
One thing that can’t be overlooked whenever You’re selling something is your website appears. Individuals generally don’t trust websites that look obsolete, myself included. If a site looks like it has not been updated because the net 2.0 days, I start to wonder if maybe I’m in an abandoned construction 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 very modern and easy design. This is exactly what you would anticipate a checkout page from a business to look like In the event that you should buy a product on the world wide web. Digital Steel Plant
Another thing I enjoy about Payhip is its In general simplicity. From the a visitor lands on your product page, Payhip stays out of the way. They display your graphics, sales copy, and only the critical info (like price.) They do absolutely nothing to interfere with your sale — no.
Finally, what I like about Payhip is That customer payment information isn’t stored by them, meaning your clients’ payment details are secure. The payment is handled through Stripe or PayPal, and I prefer it that way as they’re successful companies with lots of money.
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 improved…
No Mobile App
One thing that bugs me about Payhip is that They do not possess a app. It’d be convenient to be able to start an app and take a look during my sales data while I am out and about. The website isn’t optimized for mobile devices, although you may log into the website and do this.
I like Payhip, but this is a very Lousy appearance in 2018. There’s no reason you shouldn’t have a website optimized for mobile, and when you have that, you ought to be able to easily turn the website itself right into it’s own app so users don’t need to manually register in every time they want to check sales information. Let users of Payhip encounter a much better platform when they are on their cellular devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I’d really like to see an ability that is added to suggest Other products. If they’re purchasing a package of logo templates for $5, then I could provide a package of business card templates to get a couple of dollars, or propose some other similar product that may interest them that they didn’t know about. This is something that sites like VistaPrint and Amazon do.
I can not help but feel as though there’s a lot of money being left on the Table — for myself and Payhip — without this functionality. This may enhance the Payhip experience for both the seller and the customer.
Establish On A Fixed Timezone
This one is largely frivolous, but I’d still Like to see it fixed.
Considering that Payhip is located at London, they’ve The timezone for the entire site set to BST. Since I am 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 information reflects that.
This is mostly a non-issue, but I Would love to observe that the capability to adjust the site to your timezone. Digital Steel Plant
More Flexibility with Coupon Codes
I know I raved about the coupon Code feature earlier, but it’s not perfect just yet.
As it stands, the advertising You’re able to run through a voucher code. I’d like to have the ability to offer a dollar amount to set a predetermined sale price.
Right Now, if I want to place a merchandise that is $27 Available for $10, I have to break out the calculator and manually do the math to figure out what percentage off will leave the final price. I think this is unnecessary and could be improved.
When creating A new product in Payhip, you have access to advanced options including —
- Make your merchandise personal.
- Insert an ISBN (Internation Standard Book Number) for your eBook.
- Upload a couple of sample or preview pages.
- To how many copies of eBook or your product could be add a limitation amount sold.
- Create a license key that is unique for each of your product/eBook revenue.
How much does this cost?
Payhip will Cost you nothing or host your digital products. The site takes only 5% commission per transaction fee.
Would I Recommend Payhip?
This leaves us with the burning question: after 2+ years as a vendor on Payhip, do you recommend it? Total, yes. I am a customer, but whether you ought to use it depends on your situation.
If you’re a new blogger with a small audience And you can’t justify spending $10+ per month for something such as Gumroad, then yes, I would recommend Payhip. However, in case you have a massive audience or market a high-ticket merchandise and know that you’ll be doing at least $1,000 in sales each month, you may want to look into something.
As of the date of this writing, Payhip works On a set 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 $1,000 a month in total volume, the mathematics should (in most cases) favor Payhip. But if you’re selling into the thousands, you want to decide on Gumroad or start looking into some alternative. This is all largely 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 Experience and am grateful for their solutions. I would like to see them continue to grow and succeed. Digital Steel Plant