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Of all the ways of monetizing blog Articles, my favorite method is To make and sell electronic products. I have discovered that it is extraordinarily profitable than running ads 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 is Payhip, and in this post I’ll be sharing what I like and dislike about the service based on my Payhip experience for a vendor for 2+ years. Ebookstore Free
My Payhip Experience
If you wanted to market digital products Through your own website, you’ll want a way to facilitate trades — some kind of infrastructure that will allow a customer to select your goods, 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 customers with the tools and options for hosting and promoting electronic products directly 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.
Which are the benefits of utilizing Payhip?
Each online Platform is different, and I’ve used a couple of them previously.
Having A stage that is easy to use and one that does not require a massive amount of my time that is valuable is of utmost significance.
Payhip will Save you a lot of time also because everything is cared for on the Payhip platform.
The Advantages that I’ve gained the most from utilizing Payhip comprise –
- EU VAT is cared for, and it is a big plus in my book.
- Affordable. The site takes zero fees asides From 5 percent per trade when you sell a item that is digital.
- Access to analytics accounts.
- Access to advertising tools. You have the option to create Coupons and societal discounts.
- Ability to signup, manage and reward your affiliates.
- Access to product sharing tools. Plus it is possible to embed Buy and your merchandise Now buttons on your site or blog.
- The ability to set mailing lists so that your clients can Subscribe and stay current with your goods, and more.
- Instant digital merchandise shipping via email link for customers.
What I Enjoy About Payhip
Let us get to the information. Following my 2+ year Payhip expertise, here’s what I really like about the service…
Upgrades Are Instantaneous
Payhip let’s your customers pay with PayPal Or from credit/debit card using 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 customer makes a purchase, the money is instantly available on your account, and if you’ve got the PayPal and Stripe programs installed on your mobile device, you are going to get notifications each time a sale happens. Ebookstore Free
I happen to appreciate this. The excitement of Seeing a sale that is brand new never gets older. In addition, it is good to awake in the morning, reach for your telephone, and also see that you made X number of dollars while you’re sleeping, and it is all easily available for you to spend. The caveat to this is Stripe. If your customers card with Stripe, there’ll be a three day hold until the cash is available. That is all Stripe though — Payhip doesn’t hold your money in any way.
No Monthly Fees
One of those things that Payhip initially sold me on is that there’s no Monthly charges or setup charges — only a simple flat fee of 5 percent per purchase .
This was appealing to me in 2016 Since, at the moment, my readership was less than 1/10th of what it is now, and I was not positive that I was going to consistently sell enough product to justify paying a monthly fee to get a similar service such as Gumroad. As a relatively new blogger with a little crowd, Payhip was the no-risk solution that best fit my scenario.
Easy 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 some other specified range. On top of that, it is a to-the-point and really straightforward report.
If you have ever used Google Analytics or Facebook analytics, the number of data you’re immediately smacked in the face with can be a bit overwhelming, and lots of it is mostly useless also. Payhip just provides you exactly what you’re there to view — sales 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 can be Enjoy and for any (or all) products. They can run for any duration you’d like (or even permanently,) along with the code itself may even be customized to whatever series of text you desire.
I’ve found this to be somewhat useful. Sometimes I will run a weekend promotion, place it on Facebook, then raise the article targeting a pixel audience that is re-marketing and I don’t fail to go ROI positive with it. People really do respond to limited time offers. Ebookstore Free
Your Own Affiliate Program
Payhip Provides you the ability to let your Readers register as an affiliate of your shop, and you can award them a commission of whatever percentage you would like whenever someone buys a product using their custom affiliate link.
This is useful because it allows other people To market your products the commissions paid will be well worth it and if they have an audience of their own and a stage they can tap into.
Easy Integration with Email Marketing
If you are into email advertising, you’ll be Able to integrate Payhip along with your email marketing provider that is preferred so that whenever a sale is made, the email address of the purchaser can 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 so desire, you’ll have Payhip postage the purchaser’s email address to the top left corner of each page of a PDF document they have purchased.
So if someone intends to buy your PDF Publication then make it accessible for free they’ll need to be okay with their personal email address being accessible. I believe that is a creative way of deterring pirating.
Upload Many Kinds of Files
Payhip is a marketplace for ebooks — It’s possible to upload any sort of digital file. Font documents, video/audio files, photographs, software, etc..
Total Simplicity and Modern Design
One thing that can not be overlooked whenever You’re selling something is how present your site appears. Individuals do not trust myself included. If a site looks like it hasn’t been upgraded because the net 2.0 times, then I start to wonder if perhaps I’m in an abandoned building and putting my payment info into it would pretty much be just like throwing my money into a black hole.
That’s not true with Payhip though. The Site has a easy and very contemporary layout. This is exactly what you’d anticipate a checkout page by a trustworthy company, In the event that you were to purchase a digital product on the internet. Ebookstore Free
Another thing I like about Payhip is its Overall simplicity. In the moment a visitor lands on your product page, Payhip stays out of the way. They display your images, sales copy, and only the crucial information (such as price.) They do nothing to interfere with your purchase — no.
Finally, what I enjoy about Payhip is That they don’t store customer payment information, meaning your clients’ payment details are safe. The payment is managed through PayPal or Stripe, and I prefer it that way as they’re large companies with a lot of money to invest on top-shelf security.
What I Dislike About Payhip
As much as I like Payhip, it is far from perfect. Here are some items that I dislike about the service and would like to see enhanced…
No Mobile App
One thing that bugs me about Payhip is that They don’t possess a program. It would be convenient to be able to start an app while I am out and around, and take a look. The site is optimized for mobile devices, although you do this and can log into the website.
I enjoy Payhip, but that is a really Lousy appearance in 2018. There’s no reason you should not have a website optimized for mobile, and once you’ve got that, you should be able to easily turn the website itself into it’s own program so users do not need to manually register in each time they want to inspect sales information. Users of Payhip experience a platform when they are on their devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I would like to see an capability to indicate Other products similar to what the customer is about to purchase. If they’re purchasing a bundle of templates for $5, then I propose, or might provide a bundle of business card templates to get a couple of extra dollars. This is something that sites like Amazon and VistaPrint do.
I can not help but feel like there’s a lot of money being left on the Table — for myself and Payhip — without this operation. This could enhance the Payhip experience for both the client and the vendor.
Set On A Fixed Timezone
This one is frivolous, but I Prefer to see it corrected.
Since Payhip is located at London, they have The timezone for the website place to BST. Since I’m found in the EST, I will sometimes check my stats at 7PM or later and see that I left 0 sales for the day because Payhip believes it’s midnight and its information reflects that.
Again, this is mostly a non-issue, but I Would like to observe that the capability to adjust the website to your timezone. Ebookstore Free
More Flexibility with Coupon Codes
I know I raved about the coupon Code feature but it is not quite perfect yet.
As it stands, the advertising You can run through a coupon code is for a percentage off. I’d like to have the ability to offer a dollar amount to set a predetermined sale price.
At the moment, if I Need to put a $27 merchandise Available for $10, do the math to figure out what percentage off will render the price and I have to break out the calculator. I believe that is unnecessary and may be made better.
When creating A new product in Payhip, you have access to advanced options which include —
- Make your product private.
- Insert an ISBN (Internation Standard Book Number) to your eBook.
- Publish sample pages or a preview.
- To how many copies of your product or eBook can be, add a limitation number sold.
- Create a license key that is exceptional for each of your product/eBook sales.
Just how much does this cost?
Payhip will Cost you nothing or even host your digital products. The website takes only 5 percent commission per trade fee.
Can I Recommend Payhip?
This leaves us with the burning question: after 2+ years as a vendor on Payhip, would you recommend it? Overall, yes. I am very much a customer, but whether you should use it depends upon your own 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 know that you’ll be doing at least $ 1,000 in sales each month and sell a merchandise that is high-ticket or have a huge audience, you may want to check into something most cost effective.
As of the date of the writing, Payhip functions On a flat fee of 5 percent of every sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 per month.
If you’re going to be promoting less than $1,000 a month in total quantity, the mathematics should (typically ) prefer Payhip. But if you are selling into the thousands, you’ll probably want to go with Gumroad or look into some other choice. This is all largely dependent on how many transactions it requires to achieve those sales numbers though, so make certain that you crunch the numbers on your own.
Personally, I love the Payhip Expertise and am really thankful for their solutions. I want to see them continue to grow and succeed. Ebookstore Free