Introduction Gumroad Monthly Fee
Of All of the ways of Creating Articles, my favorite method is To make and sell digital products like learning design templates and materials. I’ve found that it’s extraordinarily profitable than running advertisements and self explanatory products convert at a higher speed compared to an affiliate product that somebody else created. The support I use to facilitate this can be Payhip, and this post I’ll be discussing what I both like and dislike about the service based on my Payhip experience as a vendor for 2+ years. Gumroad Monthly Fee
My Payhip Experience
If you have ever wanted to market digital 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 immediately delivered to them with whole hands-off automation. Payhip solves this issue.
Payhip is An e-commerce platform/website that provides customers with options and the tools for promoting digital products to their customers and hosting 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 differs, and I’ve used a couple of them previously.
Having A platform that is really easy to use and one that does not require a huge amount of my valuable 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 using 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 percent per transaction when you sell a product that is digital.
- Access to analytics reports.
- Access to advertising tools. You have the option to make Societal and coupons discounts.
- Ability to signup, handle and reward your affiliates.
- Access to merchandise sharing programs . Plus it is possible to embed Buy and your merchandise Now buttons directly on blog or your own site.
- The Capacity to setup mailing lists so that your customers can Subscribe and stay up to date with your digital products, and much more.
- Immediate digital product delivery via email link for customers.
What I Enjoy About Payhip
Let’s get to the details. Following my 2 year Payhip experience, Here Is What I really like about the ceremony…
Payments Are Instantaneous
Payhip let’s your customers pay with PayPal Or from credit/debit card using Stripe, plus they don’t cover 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 instantly available in your account, and in case you have the PayPal and Stripe apps installed on your mobile device, you are going to receive notifications each time a sale occurs. Gumroad Monthly Fee
I happen to appreciate this. The excitement of Seeing a sale never gets old. It’s also good to wake up in the morning, reach to your telephone, and see that you made X amount of dollars while you were sleeping, and it is all easily available for you to spend. The only caveat to this is Stripe. If your clients pays by card with Stripe, there will be a three day hold before the cash is available. That is Stripe however — Payhip does not hold your money at all.
No Monthly Fees
Among those things that Payhip initially sold me is that there’s no Monthly fees or setup charges — only a simple flat fee of 5% per purchase .
This was attractive to me in 2016 Because, at the time, my readership was 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 such as Gumroad. As a relatively new blogger with a little crowd, Payhip was the quickest solution that best match my scenario.
Simple To Know Analytics
Payhip’s back end Provides an analytics page That enables you to see transactions and earnings quantities relative to the day, month, week, year, or some other given selection. On top of that, it’s a report that is to-the-point and simple.
If you used Google Analytics or Facebook analytics, the amount of data you are immediately smacked in the face with can be somewhat overwhelming, and a lot of it is largely useless also. Payhip just provides you exactly what you are there to see — sales data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip experience is Promotions to conduct by producing coupon codes.
The codes may be for any percentage you would Like and for any (or all) products. They can run for whatever length you want (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 useful. Occasionally I will run a weekend promotion, place it on Facebook, then 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. Gumroad Monthly Fee
Your Own Affiliate Program
Payhip gives you the capability Readers sign up as an affiliate of your shop, and you are able to award whenever someone buys a product with their custom affiliate link.
This is useful because it allows other Men and Women To market your products and should they have a platform and an audience of their own that they can tap into, the commissions paid will be well worthwhile.
Easy Integration with Email Marketing
You’ll be, if you’re into marketing Able to easily integrate Payhip with your email advertising provider that is preferred so that whenever a purchase is made, the buyer’s email address could be added to a list.
That is relatively minor but I think it’s Pretty cool so I want to give it a reference — if you desire, you’ll have Payhip stamp the purchaser’s email address to the top left corner of each page of a PDF document they have bought.
So if someone plans to buy your PDF Publication subsequently make it available for free somewhere else, they’ll need to be fine with their email address being available also. I think that’s a way of deterring pirating.
Upload Most Kinds of Files
Payhip is a market for ebooks — It’s possible to upload virtually any kind of electronic file. Font documents, video/audio documents, photographs, software, etc..
Total Simplicity and Modern Design
1 thing that can’t be overlooked whenever You’re selling something is your site looks. People generally don’t trust myself included. If a website looks like it hasn’t been updated since the web 2.0 days, I begin to wonder if perhaps I’m in an abandoned building and placing my payment info into it’d pretty much be like throwing my money into a black hole.
That’s not true with Payhip though. The Website has a very contemporary and simple layout. This is what you’d anticipate a checkout page from a company if you were to buy a digital product on the world wide web. Gumroad Monthly Fee
Another thing that I like about Payhip is its 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 crucial info (like price.) They do nothing to interfere with your purchase — no self-promotion whatsoever.
Eventually, what I actually like about Payhip is That they don’t store customer payment information, meaning your clients’ 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 a lot of cash.
What I Dislike About Payhip
As much as I enjoy Payhip, it’s far from perfect. Here are some items that I dislike about the ceremony and would like to see improved…
No Mobile App
One thing that bugs me about Payhip is that They don’t have a mobile program. It’d be convenient to have the ability to open an app while I am out and about, and have a look. You do so and can log in to the website, but the website is optimized for mobile devices.
I enjoy Payhip, but this is a very Bad appearance in 2018. There is no reason you shouldn’t have a website optimized for cellular, and once you have that, you should be able to easily turn the website itself into it’s own app so users do not need to manually sign in every time they want to inspect sales data. Let users of Payhip experience a much better platform when they’re on their devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I would really like to see an Extra capability to indicate Other products. By way of example, if they are buying a bundle of templates for $5, then I propose some other similar product which could interest them they previously didn’t know about, or could offer a bundle of business card templates for a few dollars. This is something that websites like VistaPrint and Amazon do very well.
I can not help but feel like there’s a Great Deal of money Table — for myself and Payhip — with no operation. This may improve the Payhip encounter for both the customer and the vendor.
Establish On A Fixed Timezone
This one is largely frivolous, but I’d still Like to see it fixed.
Considering that Payhip is located at London, they have BST was set to by the timezone for the site. Since I am found in the EST, I will sometimes check my analytics at 7PM or later and see that I made 0 sales for the day since Payhip believes it is midnight and its information reveals that.
Again, this is mostly a non-issue, but I Would love to observe the ability to adjust the site to your own timezone. Gumroad Monthly Fee
More Flexibility with Coupon Codes
I know I raved about the coupon It’s not perfect yet, although Code attribute earlier.
As it stands, the sole promotion You can run via a coupon code is for a percent off. I’d like to be able to supply a dollar amount from the initial price, or the capability to set a sale price that is specified.
Right Now, if I want to place a $27 product Available for $10, do the math to determine what percent off would leave the last price at $10 and I must break out the calculator. I think that is unnecessary and may be improved.
When creating A new product in Payhip, you also have access to innovative options which include —
- Make your merchandise private.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Upload a few sample or preview pages.
- To the number of copies of your product or eBook could be add a limitation number sold.
- Generate a license key that is exceptional for all your product/eBook revenue.
How much does it cost?
Payhip will Cost you or host your products. The website takes only 5% commission per transaction fee.
Can I Recommend Payhip?
This leaves us with the burning question: after 2years as a seller on Payhip, would you recommend it? Overall, yes. I am a client, but whether you ought to use it depends on your situation.
If you’re a new blogger with a small audience And you can’t justify spending $10+ a month to get something such as Gumroad, then yes, I would recommend Payhip. If you know you’ll be doing at least $ 1,000 in sales every month and sell a merchandise that is high-ticket or have a huge audience, you might want to look into something most cost effective.
As of this date of the writing, Payhip functions On a set fee of 5 percent of each sale. Gumroad’s fee is now 3.5% + $0.30 per transaction + $10 a month.
If you’re going to be selling $1,000 per month in total quantity, the mathematics should (in most cases) prefer Payhip. But if you are selling well into the thousands, you want to decide on Gumroad or look into some other choice. That is all largely dependent on how many transactions it requires to reach those sales numbers, however, so make certain to crunch the numbers.
Personally, I love the Payhip Expertise and am really thankful for their services. I would like to see them continue to grow and succeed. Gumroad Monthly Fee