Intro Ebay Valet
Of all the ways of monetizing blog Articles, my Strategy is Like studying layout templates and materials to create and sell products. I have found that it’s extraordinarily more rewarding than running advertisements and self-made products convert at a higher rate than an affiliate product that someone else created. The service I use to facilitate this is Payhip, and in this post I will be sharing what I like and dislike about the service based in my Payhip expertise for a vendor for two + years. Ebay Valet
My Payhip Expertise
If you wanted to market digital products Through your own site, you are going to want a way to facilitate transactions — some kind of infrastructure that will allow a client to select your product, cover it, and also have it immediately 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 easiest tools and solutions for selling electronic products to their customers and hosting 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 advantages of utilizing Payhip?
Each online Platform differs, and I’ve used a few of them previously.
For me, having A stage that is really simple to use and one that does not require a huge amount of my valuable time is of paramount importance.
Payhip will Save a great deal of time because everything is taken care of on the Payhip platform.
The Benefits that I’ve gained the most from utilizing Payhip comprise –
- EU VAT is taken care of, which can be a huge plus in my book.
- Affordable. The website takes zero fees asides From 5% per transaction when you sell a digital product.
- Access to analytics accounts.
- Access to marketing tools. You have the option to create Social and coupons discounts.
- Capability to signup, handle and reward your own affiliates.
- Access to product sharing tools. Plus it is possible to embed Buy and your merchandise Now buttons on your own website or blog.
- The ability to setup mailing lists so that your clients can Subscribe and remain up to date with your electronic goods, and more.
- Instant digital merchandise delivery via email link for customers.
What I Like About Payhip
Let us get to the information. After my two + year Payhip expertise, Here Is What I love about the service…
Payments Are Instantaneous
Payhip let’s your customers pay with PayPal Or from credit/debit card with Stripe, and they do not cover monthly/weekly/quarterly or force you to wait for them to clean some sort of holding period. When a client makes a purchase, the money is instantly available on your accounts, and in case you have the PayPal and also Stripe programs installed on your mobile device, you are going to get notifications each time a sale occurs. Ebay Valet
I happen to appreciate this. The excitement of Seeing a sale that is brand new never gets older. It’s also great to awake in the morning, reach for your phone, and see you made X number of dollars while you’re sleeping, and it is all readily available for you to spend. The caveat to this can be Stripe. If your customers card using Stripe, there will be a three day hold until the cash is available. That is all Stripe however — Payhip does not hold your cash in any way.
No Monthly Charges
Among the things that Payhip initially sold me is that there’s no Monthly charges or setup charges — just a simple flat fee of 5 percent per sale.
This was attractive to me back Since, at the time, my readership was 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 having a small crowd, Payhip was the no-risk 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 amounts relative to the day, month, week, year, or some other given range. Best of all, it is a very straightforward and to-the-point report.
If you used Google Analytics or Facebook analytics, the amount of data you are 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 view — revenue data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip experience is By creating coupon codes, promotions to run.
The codes may be for almost any percentage you would Enjoy and for any (or all) products. They could run for whatever length you’d like (or even indefinitely,) along with the code itself may even be customized to whatever string of text you would like.
I have found this to be very helpful. Sometimes I will conduct a weekend promotion, place it on Facebook, then boost the post targeting a pixel audience and I don’t fail to go ROI positive with it. People truly do respond well to limited time offers. Ebay Valet
Your Own Affiliate Program
Payhip Provides you the capability Readers register as an affiliate of your shop, and you can grant them a commission of whatever percent you would like, whenever someone purchases 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 well worth it, and if they have a platform and an audience of their own they can tap to.
Easy Integration with Email Marketing
You will be if you are into advertising Able to easily incorporate Payhip with your email advertising provider that is chosen so that a sale is made, the buyer’s email address could be added to a listing.
That is small but I think it’s Pretty cool so I wish to give it a reference — if you so desire, you’ll have Payhip postage the buyer’s email address to the top left corner of each page of a PDF document they’ve bought.
So if someone plans to buy your PDF Book subsequently make it available for free they will have to be okay with their personal email address being available. I think that is a creative way of deterring pirating.
Upload Most Sorts of Files
Payhip isn’t Only a market for ebooks — It’s possible to upload virtually any sort of electronic 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 how current your website appears. People generally don’t trust myself included. If a site looks like it hasn’t been upgraded because the net 2.0 days, I begin to wonder if maybe I am in an abandoned construction and putting my payment information into it’d pretty much be just like throwing my money into a black hole.
That’s not true with Payhip though. The Site has a design that is easy and very modern. In the event that you were to buy a product on the world wide web, this is what you would anticipate a checkout page by a trustworthy company to look like. Ebay Valet
Another thing I like about Payhip is its Overall simplicity. In the a visitor lands on your product page, Payhip stays out of the way. They display your graphics, sales copy, and only the crucial info (such as price.) They do nothing to interfere with your purchase — no self-promotion whatsoever.
Eventually, what I enjoy about Payhip is That they don’t store customer payment info, meaning that your customers’ payment details are secure. The payment is handled through Stripe or PayPal, and I prefer it this way because they are large companies with a lot of cash.
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 improved…
No Mobile App
One thing that bugs me about Payhip is that They don’t have a app. It’d be convenient to have the ability to start an app while I’m out and about and take a look through my sales data. You can log into the website and do so, but the site is optimized for mobile devices.
I like Payhip, but this is a very Lousy appearance in 2018. There is no reason you shouldn’t have a website optimized for cellular, and once you have that, you should be able to easily turn the site itself into it’s own program so users do not need to manually sign in every time they would like to check sales data. Let users of Payhip encounter a much better platform when they’re on their mobile 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 going to buy. If they are purchasing a bundle of logo templates for $5, I could offer a package of business card templates or propose some other product which may interest them they didn’t know about. This is something that sites like VistaPrint and Amazon do well.
I can not help but feel like there’s a lot of money Table — for myself and Payhip — with no functionality. This could improve the Payhip encounter for both the client and the seller.
Establish On A Fixed Timezone
This one is mostly frivolous, but I Like to see it corrected.
Since Payhip is located in London, they have The functioning timezone for the whole site place to BST. Since I am located in the EST, I’ll sometimes check my stats at 7PM or later and see that I made 0 earnings for the day since Payhip believes it is midnight and its data reveals that.
This is a non-issue, but I Would love to see that the ability to correct the website. Ebay Valet
More Flexibility with Coupon Codes
I know I raved about the voucher Code feature but it is not perfect yet.
As it now stands, the only advertising You’re able to run through a coupon code is to get a percentage off. Ideally, I’d like to have the ability to supply a dollar amount off the initial cost, or the capability to set a sale price that is specified.
At the moment, if I want to place a merchandise On sale for $10, I must break out the calculator and do the math to determine what percent off will leave the cost. I believe this is unnecessary and could be made better.
When creating A new product in Payhip, you also have access to advanced options which include —
- Make your merchandise private.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Upload a preview or sample pages.
- To how many copies of your product or eBook can be, Insert a limit number sold.
- Generate a license key for all your product/eBook sales.
How much does it cost?
Payhip will Cost you or host your products. The site takes only 5 percent commission per trade 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 client, but whether or not you ought to use it depends on 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 absolutely recommend Payhip. But if you know that you’ll do at least $ 1,000 in sales every month and market a merchandise that is high-ticket or have a huge audience, you may want to look into something most cost-efficient.
As of the date of this writing, Payhip functions On a flat fee of 5% of every sale. Gumroad’s fee is now 3.5% + $0.30 per transaction + $10 per month.
If you’re going to be promoting $1,000 per month in total quantity, the mathematics should (typically ) prefer Payhip. But if you’re selling well into the thousands, you’ll probably want to decide on Gumroad or look into some alternative. This is mostly dependent on how many transactions it requires to reach those sales numbers so be sure to crunch the numbers.
Personally, I love the Payhip Experience and am grateful for their services. I would like to see them continue to grow and succeed. Ebay Valet