Background Gumroad Vs Sellfy
Of all the ways of monetizing Articles that is blog, my method is To create and sell electronic products such as learning materials and design templates. I’ve found that it’s extraordinarily rewarding than running advertisements from networks such as AdSense, and self explanatory products convert at a greater rate than an affiliate product that somebody else created. The support I use to facilitate 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 seller for two + years. Gumroad Vs Sellfy
My Payhip Expertise
If you’ve ever wanted to market digital products Through your own website, you’ll need a way to facilitate transactions — some sort of infrastructure that will allow a customer to select your product, cover it, and have it immediately delivered to them with complete hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An that gives customers with solutions and the simplest tools for selling digital products directly to their clients and hosting 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 advantages of utilizing Payhip?
Each online Platform is different, and I’ve used a few of them previously.
Having A stage that is easy to use and one that doesn’t require a huge amount of my time is of utmost significance.
Payhip will Save a great deal of time 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, which is a huge plus in my book.
- Affordable. The website takes zero fees asides From 5 percent per transaction when you sell a digital item.
- Access to analytics reports.
- Access to advertising tools. You have the option to make Societal and coupons discounts.
- Capability to signup, manage and reward your own affiliates.
- Access to merchandise sharing programs . Plus it is possible to embed Your product and Buy Now buttons on your site or blog.
- The Capacity to set mailing lists so that your clients can Subscribe and stay up to date with your digital products, and more.
- Instant digital merchandise shipping via email link for customers.
What I Like About Payhip
Let us get to the information. Following my two year Payhip experience, here’s what I really like about the service…
Payments Are Instantaneous
Payhip let us your customers pay with PayPal Or by credit/debit card with Stripe, and they don’t cover monthly/weekly/quarterly or make you wait for them to clean some kind of holding period. When a client makes a purchase, the cash is instantly available on your account, and if you have the PayPal and Stripe apps installed on your mobile device, you are going to get notifications whenever a sale occurs. Gumroad Vs Sellfy
I happen to love this. The excitement of Seeing a sale never gets old. In addition, it is good to wake up in the morning, reach for your phone, and see you made X amount of dollars while you were sleeping, and it is all readily available for you to spend. The only caveat to this can be Stripe. If your customers pays by card with Stripe, there’ll be a 3 day hold until the money is available. That is all Stripe though — Payhip does not hold your cash at all.
No Monthly Fees
Among those things that Payhip initially sold me is that there’s no Monthly charges or installation charges — just a simple flat charge of 5% per purchase .
This was attractive to me Because, at the moment, my readership was less than 1/10th of what it is now, and that I was not positive I was likely to always sell enough product to justify paying a monthly fee for a similar service such as Gumroad. As a relatively new blogger having a little audience, Payhip was the no-risk solution that best fit my scenario.
Easy To Understand Analytics
Payhip’s back end Provides an page That enables you to see trades and earnings quantities relative to this day, week, month, year, or some other specified range. Best of all, it is a simple and to-the-point report.
If you’ve used Google Analytics or Facebook analytics, the amount of information you’re instantly smacked in the face can be a bit overwhelming, and lots of it’s largely useless too. Payhip just gives you what you’re there to see — sales data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip experience is By producing coupon codes, promotions to conduct.
The codes may be Like and for any (or all) products. They can run for whatever length you’d like (or even permanently,) and the code itself can even be customized to whatever series of text you would like.
I’ve found this to be helpful. Sometimes 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 to limited time offers. Gumroad Vs Sellfy
Your Own Affiliate Program
Payhip gives you the ability Readers register as an affiliate of your store, and someone purchases a product you can grant.
This is useful since it allows other people To market your products for you, and should they have a stage and an audience of their own that they can tap to, the commissions paid will be well worth it.
Easy Integration with Email Marketing
You’ll be, if you’re into marketing Able to readily incorporate Payhip along with your email advertising supplier that is chosen so that a sale is made, the email address of the purchaser could be added to a list.
This is relatively minor 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 upper left corner of each page of a PDF document they’ve purchased.
So if someone intends to Purchase Your PDF Book then make it accessible for free they will need to be okay with their private email address being publicly available as well. I believe that’s a creative way of deterring pirating.
Upload Many Sorts of Files
Payhip is a marketplace for ebooks — You can upload just about any kind of digital file. Font files, video/audio files, photos, software, etc..
Overall Simplicity and Modern Design
1 thing that can not be overlooked whenever You are selling something is your site appears. People do not trust sites which look obsolete, myself included. If a site looks like it hasn’t been upgraded because the net 2.0 times, then I begin to wonder if perhaps I’m in an abandoned building and putting my payment information 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 design. This is what you would expect a checkout page by a business In the event that you were to purchase a digital product on the world wide web. Gumroad Vs Sellfy
Another thing that I enjoy about Payhip is its own In general simplicity. From 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 (such as price.) They do nothing to interfere with your sale — no self-promotion whatsoever.
Eventually, what I like about Payhip is That they do not store customer payment information, meaning that your customers’ payment details are secure. The payment is completely managed through Stripe or PayPal, and I prefer it that way because they are big, successful companies with a lot of money to spend on top-shelf security.
What I Dislike About Payhip
As much as I enjoy Payhip, it is far from perfect. Here are some things that I dislike about the ceremony and would like to see enhanced…
No Mobile App
1 thing that bugs me about Payhip is that They do not possess a mobile program. It would be convenient to have the ability to start an app while I’m out and around, and take a look. The site is optimized for mobile devices, although you may log in to the website and do so.
I enjoy Payhip, but that is a very Lousy appearance in 2018. There is no reason you should not have a website optimized for cellular, and when you’ve got that, you ought to be able to easily turn the site itself into it’s own program so users do not need to manually register in every time they want to check sales information. Users of Payhip encounter a better platform when they are on their mobile devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I would like to see an Extra ability to indicate Other products. If they’re purchasing a bundle of templates for $5, then I might offer a package of business card templates for a couple of added bucks, or propose some other similar product that may interest them that they previously didn’t know about. This is something which sites like VistaPrint and Amazon do well.
I can not help but feel as though there is a lot of money Table — for both myself and Payhip — without this functionality. This could improve the Payhip encounter for both the seller and the customer.
Establish On A Fixed Timezone
This one is largely frivolous, but I had still Prefer to see it fixed.
Considering that Payhip is located in London, they have The functioning timezone for the site place to BST. Since I am found 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 is midnight and its data reveals that.
This is largely a non-issue, but I Would like to see the capability to adjust the website. Gumroad Vs Sellfy
More Flexibility with Coupon Codes
I know I raved about the coupon It is not perfect just yet, although Code attribute earlier.
As it now stands, the only advertising You’re able to run through a voucher code. Ideally, I’d love to have the ability to supply a dollar amount to set a sale price that is predetermined.
Right Now, if I want to put a $27 product On sale for $10, manually do the math to determine what percentage off would render the final price and I have to break out the calculator. I think that is unnecessary and could be improved.
When creating A new product in Payhip, you also have access to advanced options including —
- Make your product personal.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Upload sample pages or a couple of preview.
- To how many copies of eBook or your product can be add a limitation amount sold.
- Generate a license key .
Just how much does it cost?
Payhip will Cost you nothing or host your electronic products. The site takes just 5 percent commission per transaction fee.
Can I Recommend Payhip?
This leaves us with the burning question: after two years as a seller on Payhip, would you recommend it? Total, yes. I am very much a satisfied client, but whether you should use it depends on your own situation.
If you are a new 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. If you have a massive audience or market a high-ticket product and know that you’ll be doing at least $1,000 in sales every month, you might want to look into something.
As of the date of this writing, Payhip functions On a set fee of 5% of every sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 a 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 are selling well into the thousands, you are probably going to want to decide on Gumroad or start looking into some other alternative. This is largely dependent on the number of transactions it requires to achieve those sales numbers so be certain to crunch the numbers.
Personally, I love the Payhip Expertise and am grateful for their services. I would like to see them continue to grow and succeed. Gumroad Vs Sellfy