Intro Ecommerce Digital Products
Of all the ways of monetizing Articles that is blog, my Strategy is Such as studying materials and layout templates, to make and sell products. I have found that it is extraordinarily more profitable than running advertisements and self-made products convert at a higher speed than an affiliate product that somebody else created. The service I use to ease this can be Payhip, and in this article I will be sharing what I both like and dislike about the ceremony based in my Payhip experience as a vendor for 2+ years. Ecommerce Digital Products
My Payhip Experience
If you wanted to market products Through your own website, you’ll need a means to facilitate trades — some kind of infrastructure that will allow a client to select your product, cover it, and also have it immediately delivered to them with whole hands-off automation. Payhip solves this issue.
Payhip is An e-commerce platform/website that provides users with the simplest tools and options for hosting and promoting electronic products to their clients online.
The Provider Was co-founded by Abs Farah and Kahin Farah and is currently based in my capital city of London.
Which are the benefits of using Payhip?
Each online Platform is different, and I’ve used a few of them in the past.
Having A stage that is simple to use and one that does not require a huge amount of my time is of paramount significance.
Payhip will Save you a great deal of time because everything is cared for on the Payhip platform.
The Benefits that I’ve gained the most from utilizing Payhip comprise –
- EU VAT is taken care of, which is a big plus in my book.
- Affordable. The site takes zero charges asides From 5% per transaction when you sell a item that is digital.
- Access to analytics accounts.
- Access to advertising tools. You have the option to create Societal and Coupons discounts.
- Ability to signup, handle and reward your own affiliates.
- Access to merchandise sharing programs . Plus you can embed Your merchandise and Buy Now buttons right 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.
- Instant digital merchandise shipping via email link to customers.
What I Enjoy About Payhip
Let’s get to the information. After my two + year Payhip expertise, Here Is What I love about the service…
Payments Are Instantaneous
Payhip let us your customers pay with PayPal Or by credit/debit card with Stripe, plus they do not cover monthly/weekly/quarterly or make you wait around for them to clear some sort of holding period. When a client makes a purchase, the money is instantly available in your account, and in case you’ve got the PayPal and Stripe apps installed on your mobile device, you are going to receive notifications each time a sale occurs. Ecommerce Digital Products
I happen to love this. The excitement of Seeing a sale that is brand new never gets old. It’s also good to wake up in the morning, reach for your phone, and also see that you made X number of dollars while you’re sleeping, and it’s all readily available for you to spend. The caveat to this is Stripe. If your customers card with Stripe, there’ll be a three day hold before the money is available. This is all Stripe however — Payhip doesn’t hold your money in any way.
No Monthly Fees
One of those things that Payhip initially sold me is that there is no Monthly charges or installation charges — only a simple flat fee of 5 percent per purchase .
This was attractive to me Because, at the moment, my readership was less than 1/10th of what it is now, and I wasn’t positive that I was going to consistently sell enough product to warrant paying a monthly fee to get a similar service like Gumroad. As a relatively new blogger with a small crowd, Payhip was the quickest solution that best match my scenario.
Easy To Understand Analytics
Payhip’s back end offers an analytics page That lets you see trades and earnings quantities relative to this day, week, month, year, or any other specified selection. Best of all, it’s a report that is really simple and to-the-point.
If you used Google Analytics or Facebook analytics, the number of data you are instantly smacked in the face with can be a bit overwhelming, and a lot of it is mostly useless also. Payhip just gives you exactly what you are there to see — sales data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip encounter is By creating coupon codes, promotions to conduct.
The codes can be Like and for any (or all) products. They can run for any length you want (or even permanently,) and the code itself can even be customized to whatever string of text you desire.
I have found this to be very helpful. Occasionally I’ll run a weekend promotion, place it on Facebook, then boost the post targeting a pixel audience and I never fail to go ROI positive with it. People do respond well to limited time offers. Ecommerce Digital Products
Your Own Affiliate Program
Payhip gives you the ability Readers sign up as an affiliate of your shop, and you are able to grant someone buys a product with their customized affiliate link.
This is useful since it allows people To market your merchandise the commissions paid will be well worthwhile and if they have an audience of their own and a stage that they can tap into.
Easy Integration with Email Marketing
If you’re into email marketing, you’ll be Able to easily integrate Payhip with your email marketing supplier that is preferred so that a sale is made, the purchaser’s email address can be added into a list that is selected.
That is small but I think it’s Pretty cool so I want to give it a reference — if you desire, you’ll have Payhip postage the purchaser’s email address into the top left corner of each page of a PDF document they’ve bought.
So if someone intends to Purchase Your PDF Book make it publicly available for free they will have to be fine with their private email address being publicly available. I believe that is a creative way of deterring pirating.
Upload Many Sorts of Files
Payhip is a marketplace for ebooks — You can upload any kind of electronic file. Font files, video/audio documents, photos, software, etc..
Overall Simplicity and Modern Design
One thing that can not be overlooked whenever You’re selling something is the way current your website looks. Individuals do not trust myself included. If a site looks like it hasn’t been upgraded since the web 2.0 days, I begin to wonder if maybe I am in an abandoned building and placing my payment information into it would pretty much be like throwing my money into a black hole.
That is not the case with Payhip though. The Website has a design that is simple and very modern. If you were to buy a merchandise this is what you would expect a checkout page from a business to appear like. Ecommerce Digital Products
Another thing that I enjoy about Payhip is its own In general simplicity. In the very second a visitor lands on your product page, Payhip remains out of the way. They display your graphics, sales copy, and just the critical info (like price.) They do nothing to interfere with your sale — no.
Finally, what I actually like about Payhip is That they do not store customer payment info, meaning your customers’ payment details are secure. The payment is totally managed through PayPal or Stripe, and I prefer it this way as they are big, successful companies with lots of money to invest on security.
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 about Payhip is that They do not possess a program. It would be convenient to have the ability to start an app while I am out and about and take a look through my data. The website is optimized for mobile devices, although you do so and can log into the site.
I like Payhip, but this is a very Bad look in 2018. There is no reason you should not have a site optimized for mobile, and when you’ve got that, you should be able to easily turn the site itself right into it’s own app so users do not need to manually register in each time they would like to inspect sales information. Let users of Payhip encounter a platform when they’re on their cellular devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I would really like to see an ability to indicate Other products similar to what the customer is going to purchase. If they’re purchasing a bundle of logo templates for $5, then I could offer a bundle of business card templates to get a couple of bucks, or suggest. This is something which websites like Amazon and VistaPrint do.
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 may improve the Payhip encounter for both the client and the vendor.
Establish On A Fixed Timezone
This one is mostly frivolous, but I Prefer to see it fixed.
Since Payhip is located in London, they’ve The timezone for the website place to BST. Since I’m located in the EST, I’ll sometimes check my analytics at 7PM or afterwards and see that I left 0 sales for the day since Payhip thinks it’s midnight and its own information reflects that.
Again, this is a non-issue, however I Would love to observe that the ability to adjust the website. Ecommerce Digital Products
More Flexibility with Coupon Codes
I know I raved about the coupon Code feature earlier, but it’s not perfect just yet.
As it now stands, the sole advertising You can run through a coupon code. I’d like to be able to offer a dollar amount off the initial price, or the ability to set a sale price that is predetermined.
At the moment, if I Need to put a merchandise that is $27 On sale for $10, I must break out the calculator and do the math to determine what percentage off would render the price at $10. I think that is unnecessary and could be improved.
When creating A brand new product in Payhip, you also have access to advanced options including —
- Make your product personal.
- Insert an ISBN (Internation Standard Book Number) for your eBook.
- Upload a couple of preview or sample pages.
- Insert a limit number to the number of copies of eBook or your product can be sold.
- Generate a license key that is unique .
How much does this cost?
Payhip will Cost you or host your products. The website takes only 5 percent commission per trade fee.
Can 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 very much a client, but whether you ought to use it depends on your own situation.
If you are a blogger with a small audience And you can’t justify spending $10+ per month to get something such as Gumroad, then yes, I would recommend Payhip. If you know you’ll do at least $ 1,000 in sales every month and sell a high-ticket product or have a huge audience, you may want to look into something.
As of the date of this writing, Payhip works On a flat fee of 5% of every sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 per month.
If you’re going to be selling less than $1,000 per month in total volume, the mathematics should (in most cases) favor Payhip. But if you are selling into the thousands, you’ll probably want to go with Gumroad or start looking into another alternative. This is mostly dependent on the number of transactions it requires to reach those sales numbers, however, so be certain to crunch the numbers.
Personally, I love the Payhip Expertise and am grateful for their solutions. I want to see them continue to grow and succeed. Ecommerce Digital Products