Of all the ways of monetizing content, my favorite Strategy is Such as studying materials and design templates to create and sell products. I’ve found that it is extraordinarily more rewarding than running ads from networks like AdSense, and products convert at a significantly higher rate compared to an affiliate product that somebody else created. The service I use to facilitate this is Payhip, and this post I will be discussing what I like and dislike about the service based on my Payhip expertise for a seller for 2+ years. Ebookdroid
My Payhip Expertise
If you wanted to sell products Through your own website, you’ll need a means to facilitate transactions — some kind of infrastructure which will enable a customer to select your goods, pay for it, and have it instantaneously delivered to them with whole hands-off automation. Payhip solves this problem.
What is Payhip?
Payhip is An e-commerce platform/website that provides users with options and the simplest tools for promoting products to their customers and hosting online.
The company Was co-founded by Abs Farah and Kahin Farah and is currently based in my capital city of London.
What are the advantages of using Payhip?
Each online Platform differs, and I’ve used a few of these previously.
Having A platform that is so easy to use and one that doesn’t require a massive amount of my time that is precious is of utmost significance.
Payhip will Save you a great deal of time too 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, which is a huge plus in my book.
- Affordable. The site takes zero fees asides From 5% per trade when you sell a item that is digital.
- Access to analytics accounts.
- Access to marketing tools. You have the option to create Coupons and societal discounts.
- Ability to signup, manage and reward your affiliates.
- Access to merchandise sharing programs . Plus you can embed Your product and Buy Now buttons on your own website or blog.
- The Capacity to set mailing lists so that your customers can Subscribe and remain current with your goods, and more.
- Immediate digital merchandise delivery via email link for customers.
What I Enjoy About Payhip
Let’s get to the information. After my 2 year Payhip experience, here’s what I really like about the ceremony…
Upgrades Are Instantaneous
Payhip let’s your customers pay with PayPal Or by credit/debit card with Stripe, plus they don’t cover monthly/weekly/quarterly or make you wait for them to clean some kind of holding period. When a customer makes a purchase, the cash is instantly available in your account, and in case you’ve got the PayPal and also Stripe apps installed on your mobile device, you are going to get notifications each time a sale occurs. Ebookdroid
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 telephone, and also see you made X number of dollars while you were sleeping, and it is all readily available for you to spend. The caveat to this can be Stripe. If your customers pays by card using Stripe, there’ll be a three day hold before the money is available. This is Stripe though — Payhip doesn’t hold your money at all.
No Monthly Charges
One of those things that Payhip initially sold me is that there is no Monthly charges or setup charges — just a simple flat charge of 5% per purchase .
This was appealing to me back Since, at the time, my readership was 1/10th of what it is now, and I was not positive that I was likely to consistently sell enough product to justify paying a monthly fee for a similar service such as Gumroad. As a relatively new blogger having a little crowd, Payhip was the no-risk solution that best match my scenario.
Easy To Know Analytics
Payhip’s back end Provides an page That lets you see trades and earnings quantities relative to this day, week, month, year, or some other specified range. Best of all, it’s a to-the-point and straightforward report.
If you have ever used Google Analytics or Facebook analytics, the amount of information you’re instantly smacked in the face with can be somewhat overwhelming, and a lot of it’s mostly useless too. Payhip just gives you what you are there to view — revenue data. 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 Like and for any (or all) products. They could run for whatever length you’d like (or even indefinitely,) and the code itself may even be customized to whatever string of text you would like.
I’ve found this to be somewhat helpful. Occasionally I will conduct a weekend marketing, place it on Facebook raise the post targeting a pixel re-marketing audience and I never fail to go ROI positive with it. People do respond well to limited time offers. Ebookdroid
Your Own Affiliate Program
Payhip Provides you the capability to let your Readers sign up as an affiliate of your shop, and whenever someone buys a product you are able to award.
This is useful because it allows people To market your products the commissions paid will be worth it and if they have an audience of their own and a stage that they can tap into.
Easy Integration with Email Marketing
You will be, if you are into email marketing Able to incorporate Payhip with your email advertising supplier that is preferred so that a sale is made, the email address of the purchaser can be added to a listing that is chosen.
This is relatively minor but I think it’s Pretty cool so I want to give it a mention — if you 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 Publication make it publicly available for free somewhere else, they’ll need to be okay with their personal email address being available also. I think that’s a creative way of deterring pirating.
Upload Most Kinds of Files
Payhip is not just a market for ebooks — It’s possible to upload any sort of digital file. Font files, video/audio files, photos, software, etc..
Overall Simplicity and Modern Design
One thing that can’t be overlooked whenever You’re selling something is your website appears. People don’t trust websites that look obsolete, myself included. If a site looks like it hasn’t been updated because the web 2.0 days, I start to wonder if perhaps I am in an abandoned construction and placing my payment information to it’d pretty much be just like throwing my money into a black hole.
That is not true with Payhip though. The Site has a layout that is easy and very contemporary. This is what you’d anticipate a checkout page from a trustworthy business if you were to purchase a digital merchandise on the internet. Ebookdroid
Another thing I enjoy 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 graphics, sales copy, and only the critical info (like price.) They do nothing to interfere with your sale — no self-promotion whatsoever.
Eventually, what I really enjoy about Payhip is That customer payment info isn’t stored by them, meaning that your clients’ payment details are secure. The payment is managed 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 like Payhip, it’s far from perfect. Here are some things that I dislike about the ceremony and would like to see enhanced…
No Mobile App
One thing that bugs me around Payhip is that They do not possess a mobile program. It’d be convenient to have the ability to open an app and take a look while I am out and about. The website is optimized for mobile devices, although you can log into the website and do this.
I like Payhip, but this is a very Lousy look in 2018. There is no reason you shouldn’t have a site optimized for mobile, and once you have that, you ought to be able to easily turn the site itself into it’s own app so users do not need to manually sign in each time they would like to check sales information. Users of Payhip encounter a platform when they’re on their devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I would like to see an capability that is added to indicate Other products similar to what the client is about to purchase. If they are buying a bundle of logo templates for $5, I could provide a package of business card templates for a few bucks, or suggest. This is something that websites like Amazon and VistaPrint do very well.
I can not help but feel as though there’s a lot of money being left on the Table — for myself and Payhip — with no functionality. This could enhance the Payhip experience for both the customer and the vendor.
Establish On A Fixed Timezone
This one is largely frivolous, but I Prefer to see it fixed.
Since Payhip is located at London, they’ve The working timezone for the entire website place to BST. Since I am located in the EST, I’ll occasionally check my analytics at 7PM or afterwards and see that I left 0 earnings for the day since Payhip thinks it is midnight and its information reveals that.
Again, this is a non-issue, but I Would love to observe the ability to adjust the site. Ebookdroid
More Flexibility with Coupon Codes
I know I raved about the voucher It is not quite perfect, although code feature earlier.
As it now stands, the only advertising You can run through a voucher code is to get a percent off. I’d love to be able to supply a dollar amount to set a sale price that is specified.
At the moment, if I want to place a $27 merchandise On sale for $10, I must break out the calculator and manually do the math to figure out what percent off will leave the price at $10. I think that is unnecessary and could be made better.
When creating A brand new product in Payhip, you have access to innovative alternatives which include —
- Make your merchandise private.
- Insert an ISBN (Internation Standard Book Number) to your eBook.
- Publish a sample or preview pages.
- To the number of copies of your product or eBook can be Insert a limitation number sold.
- Generate a license key that is exceptional .
How much does it cost?
Payhip will Cost you to set up or host your products. The site takes just 5 percent commission per trade fee.
Would I Recommend Payhip?
This leaves us with the burning question: after two + years as a seller on Payhip, do you recommend it? Total, yes. I am a happy customer, but whether or not you should use it depends on your own 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 absolutely recommend Payhip. However, if you have a huge audience or market a product and know that you’ll do at least $1,000 in sales every month, you may want to check into something most cost effective.
As of this 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 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 want to go with Gumroad or look into another choice. This is dependent on how many transactions it requires to reach those sales numbers so be certain that you crunch the numbers.
Personally, I absolutely love the Payhip Expertise and am very thankful for their services. I would like to see them continue to grow and succeed. Ebookdroid