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Of All of the ways of monetizing blog Articles, my favorite Strategy is To make and sell products like studying materials and layout templates. I’ve discovered that it is extraordinarily profitable than running ads from networks such as AdSense, and products convert at a greater speed than an affiliate product that somebody else created. The service I use to facilitate this can be Payhip, and this article I’ll be sharing what I both like and dislike about the service based on my Payhip experience as a seller for 2+ years. Easy Digital Downloads WordPress Plugin
My Payhip Expertise
If you wanted to market digital products Through your own website, you’ll want a way to facilitate trades — some sort of infrastructure which will enable a customer to select your product, cover it, and also have it immediately delivered to them with complete hands-off automation. Payhip solves this problem.
What is Payhip?
Payhip is An that provides users with solutions and the simplest tools for hosting and selling products to their customers online.
The Provider Was co-founded by Abs Farah and Kahin Farah and is now based in my capital city of London.
What are the benefits of using Payhip?
Each online Platform differs, and I’ve used a few of these previously.
Having A stage that is easy to use and one that doesn’t take a massive amount of my time that is valuable is of utmost significance.
Payhip will Save a great deal 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 cared for, which can be a huge plus in my book.
- Affordable. The website takes zero fees asides From 5% per trade when you sell a digital product.
- Accessibility to analytics reports.
- Access to marketing tools. You have the option to make Coupons and societal discounts.
- Capability to signup, handle and reward your own affiliates.
- Access to product sharing tools. Plus you can embed Your merchandise and purchase Now buttons right on your own site or blog.
- The Capacity to setup mailing lists so that your customers can Subscribe and remain current with your products, and much more.
- Immediate digital merchandise delivery via email link for buyers.
What I Enjoy About Payhip
Let’s get to the information. After my two year Payhip experience, Here Is What I love about the ceremony…
Upgrades Are Instantaneous
Payhip let’s your customers pay with PayPal Or from 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 instantly available on your accounts, and if you have the PayPal and Stripe programs installed on your mobile device, you’ll receive notifications each time a sale happens. Easy Digital Downloads WordPress Plugin
I happen to appreciate this. The excitement of Seeing a sale never gets old. It’s also 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 readily available for you to spend. The only caveat to this can be Stripe. If your customers pays by card with Stripe, there will be a 3 day hold until the money is available. This is all Stripe though — Payhip doesn’t hold your money at all.
No Monthly Charges
One of the things that Payhip initially sold me on is that there is no Monthly charges or setup charges — only a simple flat fee of 5 percent per purchase .
This was attractive to me back in 2016 Because, at the time, my readership was 1/10th of what it’s now, and I wasn’t positive that I was going to always sell enough product to warrant paying a monthly fee for a similar service such as Gumroad. As a relatively new blogger with a little audience, Payhip was the quickest solution that best fit my situation.
Simple 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 range. On top of that, it is a very straightforward and to-the-point report.
If you’ve ever used Google Analytics or Facebook analytics, the number of data you are instantly smacked in the face can be a bit overwhelming, and a lot of it’s largely useless also. Payhip just provides you exactly what you are there to see — sales information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip experience is By producing coupon codes, promotions to run.
The codes can be for any percentage you’d Enjoy and for any (or all) products. They can run for whatever length you’d like (or even indefinitely,) and the code itself can even be customized to whatever series of text you desire.
I have found this to be helpful. Occasionally I’ll conduct a weekend promotion, post it on Facebook, then raise the article targeting a pixel audience and I don’t fail to go ROI positive by it. People do respond well to limited time offers. Easy Digital Downloads WordPress Plugin
Your Own Affiliate Program
Payhip gives you the capability to let your Readers register as an affiliate of your store, and if someone buys a product using their customized affiliate link, you can award.
This is useful since it allows other Men and Women To market your merchandise for you, the commissions paid will be well worthwhile, and if they have a platform and an audience of their own they can tap into.
Easy Integration with Email Marketing
You will be, if you’re into advertising Able to readily integrate Payhip with your email advertising provider so that whenever a purchase is made, the email address of the purchaser could be added to a chosen list.
That is 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 buyer’s email address to the upper left corner of each page of a PDF document they have bought.
So if someone intends to Purchase Your PDF Book make it available for free somewhere else, they will need to be okay with their email address being publicly available as well. I believe that is a way of deterring pirating.
Upload Many Kinds of Files
Payhip is a marketplace for ebooks — You can upload any sort of file. Font files, video/audio documents, photographs, software, etc..
Total Simplicity and Modern Design
One thing that can’t be overlooked whenever You are selling something is your website appears. Individuals do not trust myself included. If a site looks like it hasn’t been upgraded since the web 2.0 times, then I begin to wonder if perhaps I am 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 true with Payhip though. The Website has a design. This is what you’d anticipate a checkout page by a company to look like, In the event that you were to purchase a product on the world wide web. Easy Digital Downloads WordPress Plugin
Another thing that I like about Payhip is its own In general simplicity. In the a visitor lands on your product page, Payhip remains out of the way. They display your images, sales copy, and just the critical info (such as price.) They do nothing to interfere with your sale — no self-promotion whatsoever.
Eventually, what I enjoy about Payhip is That they do not store customer payment information, meaning your customers’ payment details are secure. The payment is handled through Stripe or PayPal, and I prefer it this way because they’re large, successful companies with a lot of money.
What I Dislike About Payhip
As much as I enjoy Payhip, it’s far from perfect. Here are some things that I dislike about the service and would like to see enhanced…
No Mobile App
One thing that bugs me around Payhip is that They don’t possess a program. It’d be convenient to be able to start an app and take a look while I’m out and about. The website isn’t optimized for mobile devices, although you do so and may log in to the website.
I enjoy Payhip, but this is a really Lousy look in 2018. There’s no reason you shouldn’t have a website optimized for mobile, and once you’ve got that, you ought to be able to easily turn the site itself right into it’s own program so users don’t have to manually register in each time they want to inspect sales data. Users of Payhip experience a better platform when they’re on their mobile devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I would really like to see an Extra capability to indicate Other products. By way of instance, if they are buying a bundle of templates for $5, then I might provide a package of business card templates for a couple of bucks, or suggest some other product that could interest them that they previously didn’t know about. This is something which websites like Amazon and VistaPrint do.
I can’t help but feel as though there is a Great Deal of money being left on the Table — for both myself and Payhip — without this functionality. This could improve the Payhip encounter for both the seller and the customer.
Set On A Fixed Timezone
This one is frivolous, but I had still Prefer to see it corrected.
Considering that Payhip is located at London, they’ve BST was set to by The functioning timezone for the website. Since I am located in the EST, I’ll occasionally check my stats at 7PM or afterwards and see that I left 0 earnings for the day because Payhip thinks it’s midnight and its information reveals that.
Again, this is a non-issue, but I Would love to observe the capability to adjust the website. Easy Digital Downloads WordPress Plugin
More Flexibility with Coupon Codes
I know I raved about the voucher Code feature but it’s not perfect.
As it now stands, the sole promotion You’re able to run through a voucher code. I’d love to be able to offer a dollar amount to set a specified sale price.
Right Now, if I Need to put a product Available for $10, I have to break out the calculator and do the math to figure out what percentage off will render the price. I believe this is unnecessary and may be improved.
When creating A new product in Payhip, you also have access to innovative alternatives which include —
- Make your product personal.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Upload sample pages or a few preview.
- To the number of copies of market or your product can be, add a limitation amount sold.
- Create a license key that is unique .
Just how much does this cost?
Payhip will Cost you nothing or even host your electronic products. The site takes just 5% commission per transaction fee.
Would 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 very much a satisfied client, but whether you should use it depends on your situation.
If you’re a blogger with a small audience And you can not justify spending $10+ per month to get something like Gumroad, then yes, I would recommend Payhip. But if you market a merchandise that is high-ticket or have a massive audience and know you’ll do at least $ 1,000 in sales each month, you might want to look into something most cost-efficient.
As of this date of this writing, Payhip works On a set fee of 5 percent of every sale. Gumroad’s fee is now 3.5% + $0.30 per transaction + $10 per month.
If you’re going to be selling $1,000 a month in total volume, the math should (typically ) prefer Payhip. But if you are selling well into the thousands, you are probably going to need to decide on Gumroad or look into some other choice. That is mostly dependent on how many transactions it requires to reach those sales numbers, however, so be certain that you crunch the numbers on your own.
Personally, I love the Payhip Experience and am very thankful for their services. I would like to see them continue to grow and succeed. Easy Digital Downloads WordPress Plugin