Background How Does Payhip Work
Of All of the ways of Creating Articles that is blog, my favorite Strategy is To make and sell products. I’ve discovered that it is extraordinarily rewarding than running ads and products convert at a much greater speed than an affiliate product that someone else created. The support I use to ease this is Payhip, and this post I will be sharing what I both like and dislike about the ceremony based in my Payhip expertise as a vendor for 2+ years. How Does Payhip Work
My Payhip Expertise
If you wanted to market products Through your own site, you’ll want a means to facilitate transactions — some sort of infrastructure that will allow a client to select your product, cover it, and have it instantaneously delivered to them with complete hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An e-commerce platform/website that provides customers with the tools and options for promoting products directly 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.
Which are the advantages of using Payhip?
Each online Platform differs, and I have used a few of these in the past.
Having A stage that is really easy to use and one that doesn’t take a massive amount of my time that is valuable is of paramount importance.
Payhip will Save a great deal of time because everything is taken care of on the Payhip platform.
The Advantages that I’ve gained the most from utilizing Payhip include –
- EU VAT is cared for, and it can be a huge plus in my book.
- Affordable. The website takes zero fees asides From 5 percent per trade when you sell a item that is digital.
- Access to analytics reports.
- Access to marketing tools. You have the option to make Coupons and societal discounts.
- Capability to signup, manage and reward your affiliates.
- Access to merchandise sharing tools. Plus you can embed Your merchandise and purchase Now buttons right on blog or your own site.
- The ability to setup mailing lists so that your clients can Subscribe and remain current with your digital goods, and much more.
- Instant digital merchandise shipping via email link for customers.
What I Enjoy About Payhip
Let us get to the information. After my two year Payhip expertise, here’s what I love about the service…
Payments Are Instantaneous
Payhip let us 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 money is immediately available in your account, and in case you’ve got the PayPal and also Stripe programs installed on your mobile device, you are going to receive notifications whenever a sale happens. How Does Payhip Work
I happen to appreciate this. The excitement of Seeing a sale that is brand new never gets older. In addition, it is great to wake up in the morning, reach for your phone, and also 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 customers pays by card with Stripe, there will be a 3 day hold until the money is available. That is Stripe though — Payhip doesn’t hold your cash at all.
No Monthly Fees
Among those things that Payhip initially sold me is that there is 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 1/10th of what it’s now, and I was not positive I was likely to always sell enough product to justify paying a monthly fee to get a similar service like Gumroad. As a relatively new blogger having a little crowd, Payhip was the quickest solution that best match my scenario.
Simple To Understand Analytics
Payhip’s back end Provides an analytics page That lets you see transactions and earnings quantities relative to the day, week, month, year, or some other given range. On top of that, it is a report.
If you’ve used Google Analytics or Facebook analytics, the amount of information you are instantly smacked in the face with can be somewhat overwhelming, and a lot of it is mostly useless too. Payhip just provides you what you are there to view — revenue data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip experience is The ability to conduct promotions by producing coupon codes.
The codes can be Like and for any (or all) products. They could run for any duration you want (or even permanently,) along with the code itself can even be customized to whatever series of text you would like.
I have found this to be very useful. Sometimes I will conduct a weekend marketing, place it on Facebook, then boost the article targeting a pixel re-marketing audience and I don’t fail to go ROI positive by it. People do respond well to limited time offers. How Does Payhip Work
Your Own Affiliate Program
Payhip gives you the capability to let your Readers register as an affiliate of your shop, and you are able to grant them a commission of whatever percent you would like, whenever someone buys a product with their customized affiliate link.
This is useful since it allows other people 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
You will be if you are into email marketing Able to integrate Payhip along with your email advertising supplier that is chosen so that if a sale is made, the purchaser’s email address could be added into a list that is selected.
That is minor but I think it’s Pretty cool so I wish to give it a mention — if you desire, you’ll have Payhip stamp the buyer’s email address to the upper left corner of every page of a PDF document they’ve purchased.
So if someone intends to buy your PDF Publication make it available for free they will need to be okay with their private email address being publicly accessible. I believe that’s a means of deterring pirating.
Upload Many Kinds of Files
Payhip isn’t just a market for ebooks — You can upload any kind of file. Font documents, video/audio files, photos, software, etc..
Total Simplicity and Modern Design
1 thing that can’t be overlooked whenever You’re selling something is how present your site looks. People don’t trust websites that look obsolete, myself included. If a site looks like it has not been updated because the web 2.0 days, I begin to wonder if perhaps I am in an abandoned building and placing my payment info into it’d pretty much be just like throwing my money into a black hole.
That’s not the case with Payhip though. The Website has a layout. This is what you’d anticipate a checkout page from a trusted business, In the event that you were to purchase a digital merchandise on the internet. How Does Payhip Work
Another thing that I enjoy about Payhip is its own In general simplicity. From 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 (like price.) They do nothing to interfere with your sale — no.
Eventually, what I like about Payhip is That they do not store customer payment information, meaning that your customers’ payment details are safe. The payment is completely handled through Stripe or PayPal, and I prefer it that way because they are large companies with lots of money to spend on security.
What I Dislike About Payhip
As much as I enjoy 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 do not have a app. It’d be convenient to be able to start an app and have a look during my data while I’m out and about. You can log in to the website and do this, but the site isn’t even optimized for mobile devices.
I like Payhip, but this is a very Bad appearance in 2018. There’s no reason you should not have a site optimized for cellular, and when you have that, you should be able to easily turn the site itself into it’s own program so users don’t have to manually register in each time they would like to inspect sales data. Let users of Payhip encounter a platform when they’re on their mobile devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I would really like to see an capability to indicate Other products similar to what the customer is about to buy. If they’re purchasing a bundle of templates for $5, then I could offer a bundle of business card templates to get a couple of extra bucks, or suggest. This is something which sites like Amazon and VistaPrint do.
I can not help but feel like there is a Great Deal of money Table — for both myself and Payhip — with no functionality. This could enhance the Payhip encounter for both the customer and the seller.
Set On A Fixed Timezone
This one is mostly frivolous, but I Like to see it fixed.
Since Payhip is located in London, they’ve BST was place to by The functioning timezone for the site. Since I’m found in the EST, I will occasionally check my analytics at 7PM or later and see that I made 0 sales for the day because Payhip thinks it’s midnight and its data reflects that.
This is a non-issue, but I Would like to see the ability to adjust the website to your timezone. How Does Payhip Work
More Flexibility with Coupon Codes
I know I raved about the voucher It’s not quite perfect yet, although code feature earlier.
As it currently stands, the only promotion You’re able to run via a voucher code. I’d like to be able to offer a dollar amount to set a sale price.
Right Now, if I want to place a $27 merchandise Available for $10, I have to break out the calculator and manually do the math to determine what percent off will leave the last price at $10. I think this is unnecessary and could be improved.
When creating A new product in Payhip, you have access to innovative alternatives including —
- Make your product private.
- Insert an ISBN (Internation Standard Book Number) for your eBook.
- Upload sample pages or a preview.
- To the number of copies of market or your product can be Insert a limit number sold.
- Generate a license key for all your product/eBook revenue.
Just how much does it cost?
Payhip will Cost you to set up or host your digital products. The website takes only 5 percent commission per transaction fee.
Would I Recommend Payhip?
This leaves us with the burning question: after 2+ years as a seller on Payhip, would you recommend it? Total, yes. I am very much a happy customer, but whether you should use it depends on your situation.
If you’re a blogger with a small audience And you can not justify spending $10+ per month for something such as Gumroad, then yes, I would recommend Payhip. However, in case you sell a product that is high-ticket or have a massive audience and know you’ll do at least $ 1,000 in sales each month, you may want to look into something most cost effective.
As of this date of the writing, Payhip works On a flat fee of 5% of each 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 quantity, the mathematics should (in most cases) favor Payhip. But if you’re selling well into the thousands, you’ll probably need to go with Gumroad or look into some other choice. That is largely dependent on how many transactions it takes to reach those sales numbers, however, so be certain to crunch the numbers.
Personally, I love the Payhip Experience and am really thankful for their solutions. I want to see them continue to grow and succeed. How Does Payhip Work