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Of all the ways of monetizing content, my Strategy is To create and sell electronic products. I have found that it’s extraordinarily rewarding than running advertisements from networks such as AdSense, and products convert at a higher rate compared to an affiliate product that somebody else created. The service I use to facilitate this is Payhip, and in this post I will be discussing what I both like and dislike about the service based in my Payhip expertise for a vendor for 2+ years. Download Sel
My Payhip Expertise
If you have ever wanted to sell products Through your own website, you’ll need a means to facilitate transactions — some kind of infrastructure that will allow a client to select your goods, cover it, and have it instantaneously delivered to them with whole hands-off automation. Payhip solves this issue.
Payhip is An e-commerce platform/website that gives customers with options and the tools for hosting and promoting products directly 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.
What are the benefits of using Payhip?
Each online Platform is different, and I’ve used a couple of them in the past.
Having A platform that is simple to use and one that doesn’t require a massive amount of my valuable time is of utmost significance.
Payhip will Save you a lot 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, which is a big plus in my book.
- Affordable. The website takes zero charges asides From 5 percent per transaction when you sell a digital product.
- Access to analytics reports.
- Access to marketing tools. You have the option to make Social and Coupons discounts.
- Capability to signup, manage and reward your own affiliates.
- Access to product sharing tools. Plus it is possible to embed Purchase and your product Now buttons directly on your website or blog.
- The Capacity to setup mailing lists so that your clients can Subscribe and remain up to date with your goods, and much more.
- Instant digital product delivery via email link for buyers.
What I Like About Payhip
Let us get to the details. After my 2 year Payhip expertise, Here Is What I love about the service…
Upgrades Are Instantaneous
Payhip let us your customers pay with PayPal Or by credit/debit card with Stripe, and they don’t cover monthly/weekly/quarterly or force you to wait around for them to clean some kind of holding period. When a client makes a purchase, the cash is instantly available in your accounts, and if you have the PayPal and also Stripe apps installed on your mobile device, you are going to receive notifications each time a sale occurs. Download Sel
I happen to love this. The excitement of Seeing a sale that is new never gets old. It’s also good to awake in the morning, reach to your phone, and also see that you made X number 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 clients pays by card with Stripe, there will be a three day hold until the cash is available. This is all Stripe though — Payhip doesn’t hold your money in any way.
No Monthly Charges
One of those things that Payhip initially sold me is that there’s no Monthly charges or installation charges — only a simple flat fee of 5 percent per purchase .
This was attractive to me Since, at the time, my readership was less than 1/10th of what it is now, and that I wasn’t positive that I was going to consistently sell enough product to warrant paying a monthly fee to get a similar service such as Gumroad. As a relatively new blogger having a little crowd, Payhip was the quickest solution that best match my scenario.
Easy To Understand Analytics
Payhip’s back end offers an page That lets you see trades and earnings quantities relative to the day, month, week, year, or some other specified range. Best of all, it is a report that is to-the-point and really simple.
If you’ve ever used Google Analytics or Facebook analytics, the number of information you’re instantly smacked in the face can be a bit overwhelming, and a lot of it is mostly useless too. Payhip just provides you what you are there to see — sales information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip encounter is By producing coupon codes promotions to run.
The codes may be Enjoy and for any (or all) products. They can run for any duration you’d like (or even permanently,) and the code itself may even be customized to whatever string of text you desire.
I have found this to be very helpful. Sometimes I’ll conduct a weekend promotion, post it on Facebook raise the article targeting a pixel audience and I never fail to go ROI positive by it. People truly do respond well to limited time offers. Download Sel
Your Own Affiliate Program
Payhip Provides you the ability Readers sign up as an affiliate of your shop, and someone purchases a product you can award them a commission of whatever percent you would like.
This is useful because it allows other Men and Women To market your products and if they have a stage and an audience of their own they can tap into, the commissions paid will be worth it.
Easy Integration with Email Marketing
You’ll be if you are into email advertising Able to integrate Payhip with your preferred email advertising supplier so that a sale is made, the email address of the purchaser can be added into a list.
That is relatively minor but I think it’s Pretty cool so I wish to give it a mention — if you desire, you can have Payhip stamp the purchaser’s email address to the top left corner of each page of a PDF document they’ve purchased.
So if someone plans to Purchase Your PDF Publication subsequently make it publicly accessible for free somewhere else, they will have to be fine with their email address being available. I believe that’s a way of deterring pirating.
Upload Most Kinds of Files
Payhip isn’t Only a market for ebooks — You can upload any kind of electronic 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 site appears. People do not trust myself included. If a site looks like it hasn’t been upgraded because the web 2.0 times, then I begin to wonder if perhaps I am in an abandoned construction and placing my payment information into it’d pretty much be like throwing my money into a black hole.
That is not the case with Payhip though. The Site has a layout that is very modern and simple. In the event that you should buy a digital product on the world wide web, this is what you’d anticipate a checkout page by a trusted business to appear like. Download Sel
Another thing I like about Payhip is its Overall simplicity. In the second a visitor lands on your product page, Payhip remains out of the way. They display your graphics, sales copy, and just the crucial information (such as price.) They do nothing to interfere with your sale — no self-promotion whatsoever.
Finally, what I like about Payhip is That they do not store customer payment information, meaning your customers’ payment details are secure. The payment is managed through Stripe or PayPal, and I prefer it this way as they’re large companies with lots of money to invest on top-shelf security.
What I Dislike About Payhip
As much as I enjoy 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 don’t have a mobile program. It would be convenient to have the ability to open an app while I’m out and about, and take a look. You do so and can log in to the site, but the site is optimized for mobile devices.
I enjoy Payhip, but that is a very Lousy look in 2018. There is no reason you should not have a website optimized for mobile, and when you have that, you should be able to easily turn the site itself into it’s own program so users don’t need to manually register in every time they would like to inspect sales information. Let users of Payhip encounter a platform when they’re on their cellular devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I would really like to see an capability to suggest Other products. For example, if they’re purchasing a bundle of logo templates for $5, I might offer a bundle of business card templates or suggest some other similar product which could 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 is a lot of money being left on the Table — for myself and Payhip — with no operation. This could improve the Payhip experience for both the client and the vendor.
Set On A Fixed Timezone
This one is mostly frivolous, but I Like to see it corrected.
Considering that Payhip is located in London, they have BST was set to by the timezone for the site. Since I’m found in the EST, I will occasionally check my stats at 7PM or afterwards and see that I left 0 sales for the day since Payhip thinks it’s midnight and its data reveals that.
This is mostly a non-issue, however I Would like to observe the capability to adjust the site. Download Sel
More Flexibility with Coupon Codes
I know I raved about the voucher Code feature but it is not perfect.
As it currently stands, the sole advertising You can run via a coupon code is to get a percent off. I’d like to have the ability to supply a dollar amount to set a sale price.
At the moment, if I want to put a merchandise Available for $10, manually do the math to determine what percentage off will leave the cost and I have to break out the calculator. I think that is unnecessary and may be made better.
When creating A new product in Payhip, you also have access to advanced options including —
- Make your merchandise personal.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Publish a couple of preview or sample pages.
- To the number of copies of your product or eBook can be Insert a limitation number sold.
- Create a license key that is unique for each of your product/eBook sales.
Just how much does it cost?
Payhip will Cost you to set up or even host your electronic products. The website takes only 5 percent commission per trade fee.
Can I Recommend Payhip?
This leaves us with the burning question: after two + years as a vendor on Payhip, would you recommend it? Total, yes. I am a happy customer, but whether or not you ought to use it depends upon your situation.
If you’re a new blogger with a small audience And you can’t justify spending $10+ per month for something like Gumroad, then yes, I would absolutely recommend Payhip. However, if you have a huge audience or sell a product and know that you’ll be doing at least $1,000 in sales each month, you might want to look into something.
As of the date of the writing, Payhip functions On a flat fee of 5 percent of each sale. Gumroad’s fee is now 3.5% + $0.30 per transaction + $10 a month.
If you’re going to be selling $1,000 a month in total quantity, the math should (in most cases) prefer Payhip. But if you are selling well into the thousands, you need to decide on Gumroad or start looking into another alternative. That is all dependent on how many transactions it requires to achieve those sales numbers though, so be certain to crunch the numbers.
Personally, I love the Payhip Experience and am very grateful for their solutions. I would like to see them continue to grow and succeed. Download Sel