Background How Much To Charge For Digital Files
Of All of the ways of monetizing blog content, my method is Like studying materials and design templates, to create and sell products. I’ve found that it’s extraordinarily profitable than running ads and products convert at a significantly greater speed compared to an affiliate product that somebody else created. The support I use to facilitate this is Payhip, and this article I will be sharing what I both like and dislike about the service based on my Payhip expertise as a seller for 2+ years. How Much To Charge For Digital Files
My Payhip Expertise
If you have ever wanted to market digital products Through your own site, you are going to want a means to facilitate transactions — some sort of infrastructure that will allow a client to select your goods, pay for it, and have it instantaneously delivered to them with whole 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 selling electronic 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.
What are the benefits of using Payhip?
Each online Platform differs, and I’ve used a few of these previously.
Having A platform that is really easy to use and one that doesn’t take a massive amount of my precious time is of utmost significance.
Payhip will Save a lot 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 website takes zero fees asides From 5% per transaction when you sell a product that is digital.
- Access to analytics reports.
- Access to advertising tools. You have the option to create Social and Coupons discounts.
- Ability to signup, manage and reward your affiliates.
- Access to product sharing programs . Plus it is possible to embed Your merchandise and Buy Now buttons on your own site or blog.
- The ability to set mailing lists so that your customers can Subscribe and stay up to date with your goods, and more.
- Instant digital merchandise delivery via email link to buyers.
What I Enjoy About Payhip
Let us get to the information. Following my two + year Payhip experience, here’s what I love about the ceremony…
Upgrades Are Instantaneous
Payhip let us your customers pay with PayPal Or from credit/debit card with Stripe, and they don’t pay out 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 instantly 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 get notifications whenever a sale occurs. How Much To Charge For Digital Files
I happen to appreciate this. The excitement of Seeing a brand new sale never gets old. In addition, it is great to awake in the morning, reach to your telephone, and also see that you made X number of dollars while you were sleeping, and it’s all easily available for you to spend. The caveat to this is Stripe. If your clients card with Stripe, there’ll be a 3 day hold before the money is available. This is Stripe however — Payhip does not hold your money in any way.
No Monthly Charges
Among the things that Payhip originally sold me on is that there is no Monthly charges or setup charges — only a simple flat fee of 5% per sale.
This was attractive to me back in 2016 Since, at the time, my readership was less than 1/10th of what it’s now, and that I was not positive I was likely to consistently sell enough product to warrant paying a monthly fee for a similar service like Gumroad. As a relatively new blogger with a small audience, Payhip was the quickest solution that best match my situation.
Easy To Know Analytics
Payhip’s back end offers an analytics page That lets you view trades and earnings quantities relative to the day, week, month, year, or some other specified selection. On top of that, it is a report that is very simple and to-the-point.
If you have ever used Google Analytics or Facebook analytics, the amount of data you are instantly smacked in the face with can be somewhat overwhelming, and lots of it is largely useless too. Payhip just gives you what you are there to see — sales information. 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 can be Like and for any (or all) products. They can run for whatever duration you’d like (or even permanently,) along with the code itself may even be customized to whatever series of text you would like.
I have found this to be somewhat helpful. Sometimes I’ll conduct a weekend promotion, post it on Facebook, then raise the article targeting a pixel audience that is re-marketing and I don’t fail to go ROI positive with it. People do respond to limited time offers. How Much To Charge For Digital Files
Your Own Affiliate Program
Payhip Provides you the capability Readers sign up as an affiliate of your store, and you can grant, 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 worthwhile and if they have a platform and an audience of their own they can tap to.
Easy Integration with Email Marketing
If you’re into email marketing, you will be Able to integrate Payhip with your email marketing provider so that a sale is made, the email address of the purchaser could be added to a chosen listing.
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 upper left corner of each page of a PDF document they have purchased.
So if someone intends to Purchase Your PDF Publication make it publicly available for free somewhere else, they’ll have to be fine with their private email address being publicly accessible. I think that’s a creative way of deterring pirating.
Upload Most Kinds of Files
Payhip is a marketplace for ebooks — It’s possible to upload virtually any sort of file. Font files, video/audio files, photographs, software, etc..
Total Simplicity and Modern Design
1 thing that can’t be overlooked whenever You’re selling something is how present your website appears. People generally do not trust myself included. If a site looks like it has not been updated since the web 2.0 days, I start to wonder if perhaps I’m in an abandoned construction and putting my payment info to it would pretty much be just like throwing my money into a black hole.
That’s not the case with Payhip though. The Site has a easy and very modern layout. In the event that you were to buy a merchandise this is exactly what you would expect a checkout page by a company to look like. How Much To Charge For Digital Files
Another thing I like about Payhip is its Overall simplicity. From the very second a visitor lands on your product page, Payhip remains out of the way. They display your graphics, sales copy, and only the critical information (like price.) They do absolutely nothing to interfere with your sale — no self-promotion whatsoever.
Eventually, what I enjoy about Payhip is That they don’t store customer payment information, meaning your customers’ payment details are safe. The payment is completely handled through Stripe or PayPal, and I prefer it that way as they’re successful companies with lots of money.
What I Dislike About Payhip
As much as I like 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 do not have a mobile program. It would be convenient to have the ability to start an app and take a look through my sales data while I’m out and about. The website is optimized for mobile devices, although you do so and can log into the website.
I like Payhip, but that is a very Lousy look in 2018. There’s no reason you shouldn’t have a website optimized for mobile, and once you have that, you should be able to easily turn the site itself into it’s own app so users don’t have to manually sign in every time they would like to inspect sales data. Users of Payhip experience a better platform when they are on their cellular devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I’d like to see an ability that is Extra to suggest Other products. By way of example, if they are buying a package of logo templates for $5, then I suggest, or could provide a package of business card templates for a few bucks. This is something that websites like VistaPrint and Amazon do well.
I can’t help but feel as though there’s a Great Deal of money Table — for both myself and Payhip — without this functionality. This may enhance the Payhip experience for both the seller and the client.
Establish On A Fixed Timezone
This one is mostly frivolous, but I’d still Prefer to see it corrected.
Since Payhip is located in London, they’ve BST was set to by The functioning timezone for the entire website. Since I am found in the EST, I’ll occasionally check my stats at 7PM or later and see that I made 0 earnings for the day because Payhip believes it’s midnight and its own data reveals that.
This is a non-issue, but I Would love to observe that the capability to adjust the website. How Much To Charge For Digital Files
More Flexibility with Coupon Codes
I know I raved about the coupon It’s not perfect yet, although Code attribute earlier.
As it now stands, the sole advertising You’re able to run through a coupon code. Ideally, I’d like to be able to supply a dollar amount from the cost, or the capability to set a sale price that is specified.
At the moment, if I want to place a merchandise that is $27 On sale for $10, I must break out the calculator and do the math to figure out what percentage off would leave the cost. I think this is unnecessary and could be made better.
When creating A new product in Payhip, you also have access to advanced alternatives which include —
- Make your product private.
- Insert an ISBN (Internation Standard Book Number) to your eBook.
- Publish sample pages or a preview.
- To the number of copies of your product or eBook can be add a limitation amount sold.
- Generate a license key that is unique for each of your product/eBook sales.
Just how much does it cost?
Payhip will Cost you or even host your products. The website takes just 5% commission per transaction fee.
Would I Recommend Payhip?
This leaves us with the burning question: after 2+ years as a vendor on Payhip, would you recommend it? Total, yes. I am a client, but whether or not you ought to use it depends on your own situation.
If you’re 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. But if you sell a merchandise that is high-ticket or have a massive audience and know that you’ll do at least $ 1,000 in sales each month, you may want to look into something most cost effective.
As of the date of the writing, Payhip works On a flat fee of 5% of every sale. Gumroad’s fee is now 3.5% + $0.30 per transaction + $10 a month.
If you are going to be promoting less than $1,000 a month in total quantity, the mathematics should (in most cases) favor Payhip. But if you are selling well into the thousands, you are probably going to want to go with Gumroad or start looking into some other choice. That is largely dependent on how many transactions it requires to reach those sales numbers though, so make certain that you crunch the numbers for yourself.
Personally, I absolutely love the Payhip Expertise and am grateful for their solutions. I want to see them continue to grow and succeed. How Much To Charge For Digital Files