Of All of the ways of monetizing content that is blog, my Strategy is To create and sell electronic products such as studying layout templates and materials. I’ve discovered that it’s extraordinarily profitable than running advertisements and products convert at a greater speed than an affiliate product that someone else created. The service I use to facilitate this can be Payhip, and in this post I will be discussing what I both like and dislike about the service based in my Payhip experience for a seller for 2+ years. Epub
My Payhip Expertise
If you wanted to market products Through your own site, you’ll want a way to facilitate transactions — some sort of infrastructure that will allow a client to select your product, cover it, and have it immediately delivered to them with complete hands-off automation. Payhip solves this problem.
Payhip is An e-commerce platform/website that gives 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 currently based in my capital city of London.
What are the benefits of using Payhip?
Each online Platform is different, and I’ve used a couple of these previously.
For me personally, having A platform that is so simple to use and one that doesn’t require a huge amount of my time is of utmost significance.
Payhip will Save you a great deal of time because everything is taken care of on the Payhip platform.
The Benefits that I’ve gained the most from utilizing Payhip include –
- EU VAT is cared for, which can be a huge plus in my book.
- Affordable. The site takes zero charges asides From 5% per transaction when you sell a product.
- Accessibility to analytics accounts.
- Access to marketing tools. You have the option to make Social and Coupons discounts.
- Capability to signup, manage and reward your affiliates.
- Access to product sharing programs . Plus it is possible to embed Purchase and your product Now buttons on blog or your website.
- The ability to setup mailing lists so that your clients can Subscribe and remain current with your electronic products, and much more.
- Immediate digital merchandise delivery via email link for customers.
What I Enjoy About Payhip
Let us get to the information. Following my 2 year Payhip experience, here’s what I love about the service…
Payments Are Instantaneous
Payhip let’s your customers pay with PayPal Or from credit/debit card with Stripe, plus they don’t pay out monthly/weekly/quarterly or make you wait around for them to clean some kind of holding period. When a client makes a purchase, the money is instantly available in your accounts, and in case you’ve got the PayPal and Stripe apps installed on your mobile device, you are going to receive notifications whenever a sale occurs. Epub
I happen to love this. The excitement of Seeing a sale that is brand new never gets older. In addition, it is good to wake up in the morning, reach to your phone, and also see you made X number of dollars while you’re 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 until the money is available. This is all Stripe however — Payhip doesn’t hold your cash at all.
No Monthly Charges
Among the things that Payhip initially sold me is that there’s no Monthly charges or installation charges — just a simple flat fee of 5% per sale.
This was attractive to me Because, at the time, my readership was 1/10th of what it’s now, and that I wasn’t positive that 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 having a little crowd, Payhip was the no-risk solution that best fit my scenario.
Simple To Understand Analytics
Payhip’s back end offers an page That lets you see transactions and earnings amounts relative to the day, month, week, year, or any other specified selection. Best of all, it’s a really simple and to-the-point report.
If you’ve used Google Analytics or Facebook analytics, the number of data you’re instantly smacked in the face can be a bit overwhelming, and lots of it’s largely useless also. Payhip just gives you exactly what you are there to view — sales data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip experience is By producing coupon codes promotions to run.
The codes may be Enjoy and for any (or all) products. They could run for any duration you’d like (or even indefinitely,) along with the code itself can even be customized to whatever string of text you would like.
I have found this to be helpful. Occasionally I’ll run a weekend promotion, post it on Facebook boost the post targeting a pixel audience and I don’t fail to go ROI positive with it. People do respond well to limited time offers. Epub
Your Own Affiliate Program
Payhip gives you the capability to let your Readers sign up as an affiliate of your shop, and someone buys a product using their customized affiliate link, you are able to award them a commission of whatever percentage you would like.
This is useful because it allows other Men and Women To sell your merchandise the commissions paid will be well worthwhile, and should they have a stage and an audience of their own they can tap into.
Easy Integration with Email Marketing
If you’re into email advertising, you will be Able to incorporate Payhip along with your email advertising supplier that is chosen so that whenever a sale is made, the purchaser’s email address could be added into a list.
This is relatively small but I think it’s Pretty cool so I want to give it a reference — if you desire, you can have Payhip stamp the purchaser’s email address into the top left corner of each page of a PDF document they have purchased.
So if someone plans to buy your PDF Publication make it available for free somewhere else, they’ll have to be fine with their personal email address being publicly available. I believe that’s a creative means of deterring pirating.
Upload Most Kinds of Files
Payhip is a marketplace for ebooks — It’s possible to upload any kind of electronic file. Font files, video/audio documents, photos, software, etc..
Total Simplicity and Modern Design
One thing that can not be overlooked whenever You are selling something is your site looks. People generally don’t trust myself included. If a site looks like it hasn’t been updated because the net 2.0 times, then I start to wonder if perhaps I’m in an abandoned construction and putting my payment info into it’d pretty much be like throwing my money into a black hole.
That is not the case with Payhip though. The Website has a simple and very modern layout. In the event that you should buy a product on the world wide web, this is what you’d expect a checkout page from a company to appear like. Epub
Another thing I enjoy about Payhip is its own In general simplicity. In the very second a visitor lands on your product page, Payhip stays out of the way. They display your graphics, sales copy, and only the critical info (like price.) They do nothing to interfere with your purchase — no self-promotion whatsoever.
Eventually, what I really like about Payhip is That customer payment information isn’t stored by them, meaning that your clients’ payment details are safe. The payment is managed through PayPal or Stripe, and I prefer it this way because they’re successful companies with lots of money to invest on top-shelf 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 ceremony and would like to see enhanced…
No Mobile App
One thing that bugs me about Payhip is that They don’t have a program. It would be convenient to be able to start an app while I’m out and about and take a look through my sales data. You may log into the site and do so, but the website isn’t optimized for mobile devices.
I enjoy Payhip, but this is a really Bad appearance in 2018. There’s no reason you should not have a website optimized for mobile, and once you’ve got that, you ought to be able to easily turn the site itself right into it’s own app so users do not need to manually sign in every time they want to check sales data. Users of Payhip encounter a better platform when they are 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. If they’re buying a bundle of templates for $5, then I could offer a package of business card templates or propose. This is something which websites like VistaPrint and Amazon do.
I can’t help but feel as though there’s a Great Deal of money being left on the Table — for both myself and Payhip — without this functionality. This could improve the Payhip experience for both the client and the seller.
Establish On A Fixed Timezone
This one is mostly frivolous, but I Prefer to see it fixed.
Considering that Payhip is located in London, they’ve The working timezone for the entire site set to BST. Since I am located in the EST, I will occasionally check my stats at 7PM or later and see that I left 0 sales for the day since Payhip believes it’s midnight and its data reveals that.
Again, this is largely a non-issue, however I Would love to observe the ability to correct the website. Epub
More Flexibility with Coupon Codes
I know I raved about the voucher Code feature but it’s not quite perfect.
As it now stands, the only advertising You’re able to run via a voucher code is to get a percentage off. I’d like to be able to supply a dollar amount to set a predetermined sale price.
At the moment, if I Need to place a 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 believe this is unnecessary and may be improved.
When creating A new product in Payhip, you have access to innovative options including —
- Make your product personal.
- Add an ISBN (Internation Standard Book Number) to your eBook.
- Upload sample pages or a couple of preview.
- Insert a limit number sold.
- Generate a license key .
How much does it cost?
Payhip will Cost you nothing to establish or even host your products. The website 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? Overall, yes. I am a satisfied customer, but whether you ought to use it depends on your own situation.
If you are a blogger with a small audience And you can not justify spending $10+ a month for something such as Gumroad, then yes, I would absolutely recommend Payhip. However, if you market a merchandise that is high-ticket or have a massive audience and know you’ll do at least $ 1,000 in sales every month, you may want to check into something most cost-efficient.
As of this date of the 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’re going to be promoting less than $1,000 per month in total quantity, the mathematics should (typically ) favor Payhip. But if you’re selling into the thousands, you want to go with Gumroad or start looking into some choice. This is all dependent on how many transactions it requires to reach those sales numbers so be certain to crunch the numbers on your own.
Personally, I love the Payhip Expertise and am very thankful for their solutions. I want to see them continue to grow and succeed. Epub