Of All of the ways of monetizing content, my favorite Strategy is Such as learning materials and layout templates to create and sell products. I’ve found that it is extraordinarily more profitable than running advertisements from networks such as AdSense, and products convert at a significantly greater rate compared to an affiliate product that someone else created. The support I use to ease this can be Payhip, and this article I’ll be discussing what I like and dislike about the ceremony based in my Payhip expertise as a vendor for two + years. Ebook
My Payhip Experience
If you wanted to sell products Through your own website, you are going to want a means to facilitate transactions — some kind of infrastructure which will enable a client to select your product, pay for it, and have it instantaneously delivered to them with complete hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An that gives users with the easiest tools and options for hosting and promoting products to their customers online.
The company Was co-founded by Abs Farah and Kahin Farah and is now based in my capital city of London.
What are the benefits of utilizing Payhip?
Each online Platform differs, and I have used a couple of them previously.
Having A platform that is so easy to use and one that does not take a massive amount of my time is of paramount importance.
Payhip will Save a great deal of time also because everything is taken care of on the Payhip platform.
The Advantages that I’ve gained the most from utilizing Payhip comprise –
- EU VAT is cared for, which is a big plus in my book.
- Affordable. The website takes zero fees asides From 5% per trade when you sell a item that is digital.
- Accessibility to analytics reports.
- Access to marketing tools. You have the option to create Coupons and societal discounts.
- Ability to signup, handle and reward your own affiliates.
- Access to merchandise sharing tools. Plus you can embed Your merchandise and purchase Now buttons directly on your own website or blog.
- The ability to setup mailing lists so that your clients can Subscribe and stay up to date with your products, and much more.
- Instant digital merchandise delivery via email link to customers.
What I Like About Payhip
Let’s get to the details. Following my 2 year Payhip experience, here’s what I really like about the ceremony…
Upgrades Are Instantaneous
Payhip let us your customers pay with PayPal Or by credit/debit card with Stripe, plus they don’t pay out monthly/weekly/quarterly or force you to wait around for them to clean some sort of holding period. When a client makes a purchase, the money is instantly available on your accounts, and if you have the PayPal and Stripe apps installed on your mobile device, you’ll get notifications whenever a sale occurs. Ebook
I happen to appreciate this. The excitement of Seeing a new sale never gets old. It’s also good to wake up in the morning, reach for your phone, and also see you made X number of dollars while you were sleeping, and it is all easily available for you to spend. The only caveat to this is Stripe. If your customers card using Stripe, there’ll be a 3 day hold before the money is available. That is all Stripe though — Payhip doesn’t hold your cash at all.
No Monthly Charges
Among those things that Payhip initially sold me is that there is no Monthly fees or installation charges — only a simple flat charge of 5% per purchase .
This was appealing to me in 2016 Because, at the moment, my readership was less than 1/10th of what it’s now, and that I wasn’t positive I was going to consistently 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 Know Analytics
Payhip’s back end Provides an analytics page That lets you see transactions and earnings quantities relative to this day, week, month, year, or any other specified selection. On top of that, it is a to-the-point and straightforward report.
If you have used Google Analytics or Facebook analytics, the amount of data you are immediately smacked in the face with can be somewhat overwhelming, and a lot of it is mostly useless also. 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 experience is By producing coupon codes promotions to run.
The codes may be for almost any percentage you would Like and for any (or all) products. They could run for any duration you’d like (or even permanently,) and the code itself may even be customized to whatever series of text you desire.
I have found this to be useful. Sometimes I’ll run a weekend marketing, place it on Facebook raise the article targeting a pixel audience and I don’t fail to go ROI positive with it. People do respond to limited time offers. Ebook
Your Own Affiliate Program
Payhip gives you the capability to let your Readers register as an affiliate of your shop, and you are able to grant them a commission of whatever percentage you would like, someone buys a product using their custom affiliate link.
This is useful because it allows people To market your merchandise and should they have a stage and an audience of their own they can tap to, the commissions paid will be worth it.
Easy Integration with Email Marketing
You’ll be, if you are into advertising Able to incorporate Payhip along with your email advertising provider so that if a purchase is made, the purchaser’s email address could be added into a chosen listing.
This is relatively minor but I think it’s Pretty cool so I want to give it a reference — if you so desire, you’ll have Payhip postage the buyer’s email address into the upper left corner of every page of a PDF document they’ve bought.
So if someone plans to buy your PDF Book make it accessible for free somewhere else, they’ll need to be fine with their email address being accessible as well. I believe that’s a creative way of deterring pirating.
Upload Many Kinds of Files
Payhip isn’t Only a marketplace for ebooks — You can upload any kind of electronic file. Font documents, video/audio documents, photos, software, etc..
Total Simplicity and Modern Design
1 thing that can not be overlooked whenever You’re selling something is the way present your site looks. Individuals generally do not trust sites which look outdated, myself included. If a site looks like it has not been updated since the net 2.0 days, I start to wonder if maybe I am in an abandoned building and putting my payment info into it’d pretty much be like throwing my money into a black hole.
That is not true with Payhip though. The Website has a layout. This is what you would anticipate a checkout page from a company In the event that you should buy a digital merchandise on the world wide web. Ebook
Another thing I like about Payhip is its Overall simplicity. From the a visitor lands on your product page, Payhip stays out of the way. They display your images, sales copy, and just the crucial information (such as price.) They do nothing to interfere with your sale — no.
Finally, what I enjoy about Payhip is That customer payment information isn’t stored by them, meaning that your clients’ payment details are safe. The payment is totally handled through PayPal or Stripe, and I prefer it that way because they are big companies with a lot of cash.
What I Dislike About Payhip
As much as I enjoy Payhip, it is far from perfect. Here are some things 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 do not possess a mobile program. It would be convenient to be able to start an app while I am out and around and take a look. You may log in to the site and do this, but the site is optimized for mobile devices.
I like Payhip, but this is a really Bad look in 2018. There’s no reason you shouldn’t have a website optimized for cellular, and when you have that, you should be able to easily turn the site itself right into it’s own program so users do not have to manually sign in each time they would like to inspect sales data. 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 like to see an ability to suggest Other products. If they’re purchasing a package of templates for $5, I suggest, or might provide a package of business card templates for a few added bucks. This is something which websites like VistaPrint and Amazon do.
I can not help but feel like there is a lot of money Table — for myself and Payhip — without this operation. This may enhance the Payhip experience for both the seller and the customer.
Set On A Fixed Timezone
This one is frivolous, but I’d still Prefer to see it fixed.
Considering that Payhip is located at London, they’ve The functioning timezone for the whole site set to BST. Since I’m found in the EST, I will occasionally check my analytics at 7PM or afterwards and see that I made 0 earnings for the day because Payhip thinks it’s midnight and its information reflects that.
Again, this is largely a non-issue, however I Would love to see the capability to adjust the website. Ebook
More Flexibility with Coupon Codes
I know I raved about the voucher Code feature but it’s not perfect just yet.
As it currently stands, the advertising You can run through a voucher code is to get a percent off. Ideally, I’d love to be able to supply a dollar amount to set a sale price.
Right Now, if I Need to put a $27 product On sale for $10, manually do the math to determine what percentage off will leave the cost at $10 and I have to break out the calculator. I think that is unnecessary and may be made better.
When creating A brand new product in Payhip, you also have access to innovative alternatives including —
- Make your product private.
- Insert an ISBN (Internation Standard Book Number) to your eBook.
- Publish a sample or preview pages.
- Insert a limit number to the number of copies of market or your product can be sold.
- Generate a unique license key .
Just how much does it cost?
Payhip will Cost you nothing or even host your electronic products. The website takes only 5 percent commission per transaction fee.
Can I Recommend Payhip?
This leaves us with the burning question: after 2+ years as a seller on Payhip, would you recommend it? Overall, yes. I am very much a happy client, but whether you ought to use it depends on your situation.
If you’re a blogger with a small audience And you can not justify spending $10+ a month to get something such as Gumroad, then yes, I would recommend Payhip. In case you market a product that is high-ticket or have a massive audience and know that you’ll do at least $ 1,000 in sales each month, you may want to check into something most cost-efficient.
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 per month.
If you are going to be promoting less than $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 go with Gumroad or look into another choice. This is largely dependent on the number of transactions it requires to achieve those sales numbers so make certain to crunch the numbers for yourself.
Personally, I love the Payhip Experience and am thankful for their solutions. I want to see them continue to grow and succeed. Ebook