Background Ebook Reader
Of all the ways of monetizing content, my method is To create and sell products such as learning materials and layout templates. I have discovered that it’s extraordinarily profitable than running ads and products convert at a significantly greater speed compared to an affiliate product that somebody else created. The service I use to facilitate this can be Payhip, and in this article I’ll be discussing what I like and dislike about the ceremony based in my Payhip expertise as a vendor for 2+ years. Ebook Reader
My Payhip Experience
If you’ve ever wanted to sell products Through your own site, you’ll want a way to facilitate transactions — some sort of infrastructure that will allow a customer 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 easiest tools and options for hosting and selling products straight to their customers online.
The company Was co-founded by Abs Farah and Kahin Farah and is currently based in my capital city of London.
Which are the advantages of using Payhip?
Each online Platform differs, and I’ve used a couple of them previously.
For me, having A stage that is simple to use and one that does not require a massive amount of my precious time is of utmost importance.
Payhip will Save you a great deal of time also because everything is cared for on the Payhip platform.
The Benefits that I’ve gained the most from utilizing Payhip comprise –
- EU VAT is cared for, and it can be a big plus in my book.
- Affordable. The website takes zero fees asides From 5% per trade when you sell a product.
- Accessibility to analytics accounts.
- Access to advertising tools. You have the option to create Societal and Coupons discounts.
- Ability to signup, manage and reward your affiliates.
- Access to merchandise sharing tools. Plus it is possible to embed Purchase and your product Now buttons directly on blog or your own site.
- The Capacity to setup mailing lists so that your customers can Subscribe and stay current with your products, and much more.
- Immediate digital product shipping via email link to customers.
What I Like About Payhip
Let’s get to the details. After my 2+ year Payhip expertise, here’s what I love about the ceremony…
Upgrades Are Instantaneous
Payhip let’s your customers pay with PayPal Or by credit/debit card using Stripe, plus they don’t pay out monthly/weekly/quarterly or force you to wait for them to clean some sort of holding period. When a customer makes a purchase, the cash is immediately available in your accounts, and if you have the PayPal and Stripe apps installed on your mobile device, you’ll receive notifications whenever a sale occurs. Ebook Reader
I happen to appreciate this. The excitement of Seeing a sale never gets older. It’s also good to wake up in the morning, reach for your phone, and see you made X amount of dollars while you were sleeping, and it is all readily available for you to spend. The caveat to this is Stripe. If your customers pays by card with Stripe, there’ll be a three day hold until the money is available. That is all Stripe though — Payhip does not hold your money in any way.
No Monthly Charges
Among the things that Payhip originally sold me on is that there’s no Monthly fees or installation charges — just a simple flat fee of 5% per sale.
This was attractive to me in 2016 Since, at the time, my readership was less than 1/10th of what it’s now, and that I was not positive that I was likely 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 small crowd, Payhip was the no-risk solution that best fit my situation.
Simple To Understand Analytics
Payhip’s back end offers an analytics page That lets you see trades and earnings amounts relative to this day, month, week, year, or some other given selection. Best of all, it’s a report that is to-the-point and straightforward.
If you have ever used Google Analytics or Facebook analytics, the amount of information you’re immediately smacked in the face can be a bit overwhelming, and a lot of it is mostly useless too. Payhip just provides 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 can be for any percentage you would Enjoy and for any (or all) products. They can run for whatever length you’d like (or even indefinitely,) along with the code itself may even be customized to whatever series of text you desire.
I have found this to be somewhat useful. Sometimes I’ll conduct a weekend marketing, post it on Facebook boost the article targeting a pixel audience that is re-marketing and I don’t fail to go ROI positive with it. People do respond well to limited time offers. Ebook Reader
Your Own Affiliate Program
Payhip gives you the capability to let your Readers register as an affiliate of your shop, and if someone buys a product using their customized affiliate link, you are able to award them a commission of whatever percentage you’d like.
This is useful because it allows people To sell your merchandise for you, the commissions paid will be well worthwhile and if they have an audience of their own and a stage that they can tap to.
Easy Integration with Email Marketing
You will be, if you’re into marketing Able to incorporate Payhip with your email advertising supplier so that a purchase is made, the email address of the purchaser could be added to a list that is selected.
That is relatively small but I think it’s Pretty cool so I wish to give it a mention — if you desire, you’ll have Payhip stamp 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 subsequently make it available for free somewhere else, they will have to be fine with their personal email address being accessible as well. I think that is a creative way of deterring pirating.
Upload Many Kinds of Files
Payhip is a marketplace for ebooks — You can upload virtually any sort of file. Font documents, video/audio files, photographs, software, etc..
Overall Simplicity and Modern Design
1 thing that can’t be overlooked whenever You’re selling something is your website appears. Individuals do not trust websites that appear obsolete, myself included. If a site looks like it has not been updated because the net 2.0 days, I start to wonder if perhaps I am in an abandoned construction and placing my payment information into it would pretty much be like throwing my money into a black hole.
That is not true with Payhip though. The Site has a layout. If you should buy a merchandise on the internet, this is what you’d anticipate a checkout page from a company. Ebook Reader
Another thing I like about Payhip is its In general simplicity. From the moment a visitor lands on your product page, Payhip stays out of the way. They display your images, sales copy, and just the crucial info (like price.) They do nothing to interfere with your sale — no self-promotion whatsoever.
Finally, what I like about Payhip is That they don’t store customer payment information, meaning that your clients’ payment details are secure. The payment is completely managed through PayPal or Stripe, and I prefer it this way because they’re successful companies with a lot of cash.
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 do not possess a mobile app. It’d be convenient to have the ability to start an app and take a look while I’m out and about. You do so and may log into the website, but the site isn’t even optimized for mobile devices.
I like Payhip, but this is a really Bad look in 2018. There’s no reason you should not have a site optimized for mobile, and once you have that, you should be able to easily turn the site itself right into it’s own app so users don’t need to manually sign in every time they would like to check sales information. Users of Payhip experience a platform when they’re on their devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I would like to see an capability to suggest Other products. By way of example, if they’re buying a package of templates for $5, I might provide a bundle of business card templates or propose. This is something that websites like Amazon and VistaPrint do well.
I can’t help but feel as though there’s a Great Deal of money being left on the Table — for myself and Payhip — with no operation. This could enhance the Payhip experience for both the seller and the client.
Set On A Fixed Timezone
This one is frivolous, but I Like to see it fixed.
Considering that Payhip is located in London, they have BST was place to by The functioning timezone for the site. Since I’m located in the EST, I will sometimes check my stats at 7PM or later and see that I made 0 earnings for the day because Payhip believes it is midnight and its own data reveals that.
Again, this is mostly a non-issue, but I Would like to see that the capability to correct the website to your timezone. Ebook Reader
More Flexibility with Coupon Codes
I know I raved about the voucher Code feature earlier, but it’s not perfect just yet.
As it stands, the advertising You’re able to run via a voucher code. I’d like to have the ability to offer a dollar amount off the initial cost, or the ability to set a sale price that is specified.
Right Now, if I Need to put a $27 merchandise On sale for $10, manually do the math to determine what percent off will leave the price at $10 and I have to break out the calculator. I think that is unnecessary and may be improved.
When creating A brand new product in Payhip, you also have access to innovative alternatives which include —
- Make your merchandise personal.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Publish sample pages or a couple of preview.
- To the number of copies of your product or market can be, Insert a limitation amount sold.
- Create a unique license key .
Just how much does it cost?
Payhip will Cost you nothing to set up or host your digital products. The site takes only 5% commission per trade fee.
Can I Recommend Payhip?
This leaves us with the burning question: after 2years as a vendor on Payhip, would you recommend it? Total, yes. I am very much a client, but whether or not you should 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. If you sell a product that is high-ticket or have a huge audience and know you’ll do at least $ 1,000 in sales every month, you may want to check into something.
As of this date of the writing, Payhip works On a set fee of 5% of every sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 per month.
If you are going to be promoting $1,000 a month in total volume, the math should (in most cases) favor Payhip. But if you are selling into the thousands, you want to decide on Gumroad or look into some alternative. That is largely dependent on the number of transactions it takes to reach those sales numbers so be sure that you crunch the numbers for yourself.
Personally, I love the Payhip Experience and am very thankful for their solutions. I want to see them continue to grow and succeed. Ebook Reader