Introduction How To Create And Sell A Product
Of all the ways of Creating blog content, my method is Like studying design templates and materials to make and sell products. I have discovered that it is extraordinarily more rewarding than running ads and self explanatory products convert at a greater speed compared to an affiliate product that somebody else created. The support I use to ease this is Payhip, and in this article I’ll be discussing what I both like and dislike about the service based in my Payhip experience for a seller for 2+ years. How To Create And Sell A Product
My Payhip Expertise
If you wanted to market digital products Through your own site, you are going to need a way to facilitate transactions — some kind of infrastructure which will enable a customer to select your goods, cover it, and have it instantaneously delivered to them with complete hands-off automation. Payhip solves this problem.
Payhip is An e-commerce platform/website that provides customers with the simplest tools and options for hosting and selling products to their customers online.
The company 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 have used a few of them in the past.
Having A platform that is so easy to use and one that does not require a huge amount of my time that is precious is of utmost importance.
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 using Payhip include –
- EU VAT is taken care of, which is a big plus in my book.
- Affordable. The website takes zero fees asides From 5 percent per trade when you sell a item.
- Accessibility to analytics accounts.
- Access to marketing tools. You have the option to create Coupons and social discounts.
- Capability to signup, manage and reward your own affiliates.
- Access to product sharing programs . Plus it is possible to embed Your product and Buy Now buttons right on your site or blog.
- The Capacity to set mailing lists so that your customers can Subscribe and remain up to date with your electronic goods, and more.
- Immediate digital merchandise shipping via email link for buyers.
What I Like About Payhip
Let’s get to the details. After my 2+ 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 with Stripe, and they don’t pay out monthly/weekly/quarterly or make you wait for them to clear some sort of holding period. When a client makes a purchase, the cash 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 happens. How To Create And Sell A Product
I happen to love this. The excitement of Seeing a brand new sale never gets old. It’s also good to awake in the morning, reach for your phone, and also see that you made X amount of dollars while you’re sleeping, and it’s all easily available for you to spend. The caveat to this can be Stripe. If your customers card with Stripe, there will be a 3 day hold before the money is available. This is Stripe though — Payhip doesn’t hold your money at all.
No Monthly Charges
One of the things that Payhip originally sold me on is that there is no Monthly charges or installation charges — only a simple flat fee of 5% per purchase .
This was attractive to me Since, at the time, my readership was 1/10th of what it’s now, and that I wasn’t positive I was going to consistently sell enough product to warrant paying a monthly fee to get a similar service like Gumroad. As a relatively new blogger having a little audience, Payhip was the no-risk solution that best match my scenario.
Simple To Know Analytics
Payhip’s back end offers an page That enables you to see transactions and earnings quantities relative to this day, month, week, year, or any other specified range. Best of all, it’s a very simple and to-the-point report.
If you used Google Analytics or Facebook analytics, the number of information you’re instantly smacked in the face can be somewhat overwhelming, and lots of it is mostly useless too. Payhip just gives you what you’re there to view — sales information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip encounter is Promotions to conduct by creating coupon codes.
The codes can be Enjoy and for any (or all) products. They can run for whatever length you want (or even indefinitely,) along with the code itself may even be customized to whatever series of text you would like.
I’ve found this to be helpful. Sometimes I’ll conduct a weekend promotion, place it on Facebook, then raise the article targeting a pixel re-marketing audience and I don’t fail to go ROI positive with it. People do respond well to limited time offers. How To Create And Sell A Product
Your Own Affiliate Program
Payhip gives you the ability to let your Readers sign up as an affiliate of your shop, and if someone purchases a product you can grant them a commission of whatever percentage you’d like.
This is useful because it allows other Men and Women To market your products for you, the commissions paid will be worth it and should they have a stage and an audience of their own that they can tap to.
Easy Integration with Email Marketing
You will be if you are into email advertising Able to integrate Payhip with your email marketing supplier that is chosen so that a sale is made, the purchaser’s email address can be added to a selected listing.
This is minor but I think it’s Pretty cool so I want to give it a mention — if you desire, you can have Payhip stamp the buyer’s email address to the top left corner of each page of a PDF document they’ve bought.
So if someone intends to Purchase Your PDF Book subsequently make it accessible for free somewhere else, they will need to be fine with their email address being publicly available as well. I believe that is a way of deterring pirating.
Upload Most Kinds of Files
Payhip is a market for ebooks — It’s possible to upload any kind of file. Font documents, video/audio documents, photos, software, etc..
Total Simplicity and Modern Design
1 thing that can’t be overlooked whenever You are selling something is the way present your site looks. People don’t trust sites that look obsolete, myself included. If a website looks like it hasn’t been updated since the net 2.0 times, then I begin to wonder if maybe I’m in an abandoned building and placing 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 Website has a very modern and easy design. This is exactly what you would anticipate a checkout page from a trustworthy business if you were to buy a product on the world wide web. How To Create And Sell A Product
Another thing that I like about Payhip is its Overall simplicity. In the very second a visitor lands on your product page, Payhip remains out of the way. They display your images, sales copy, and only the critical info (like price.) They do absolutely nothing to interfere with your purchase — no self-promotion whatsoever.
Finally, what I really enjoy about Payhip is That they don’t store customer payment information, meaning that your clients’ payment details are safe. The payment is managed through PayPal or Stripe, and I prefer it this 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 ceremony and would like to see enhanced…
No Mobile App
One thing that bugs me around Payhip is that They do not have a app. It’d be convenient to be able to open an app and have a look through my sales data while I am out and around. You do so and can log in to the site, but the site isn’t optimized for mobile devices.
I enjoy Payhip, but that is a very Bad look in 2018. There’s no reason you shouldn’t have a website optimized for mobile, and when you’ve got that, you should be able to easily turn the site itself right into it’s own program so users don’t need to manually register in each time they want to inspect sales information. Users of Payhip experience a platform when they are on their devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I’d like to see an ability to suggest Other products similar to what the customer is about to purchase. For example, if they are purchasing a package of logo templates for $5, I could offer a bundle of business card templates or propose. This is something which websites like Amazon and VistaPrint do well.
I can’t help but feel as though there is a lot of money being left on the Table — for both myself and Payhip — without this operation. This could enhance the Payhip experience for both the seller and the client.
Establish On A Fixed Timezone
This one is mostly frivolous, but I had still Prefer to see it corrected.
Considering that Payhip is located at London, they’ve The functioning timezone for the site set to BST. Since I’m located in the EST, I will occasionally check my analytics at 7PM or afterwards and see that I made 0 earnings for the day since Payhip believes it is midnight and its own data reveals that.
This is mostly a non-issue, but I Would love to see that the capability to adjust the site to your timezone. How To Create And Sell A Product
More Flexibility with Coupon Codes
I know I raved about the coupon Code feature but it’s not perfect yet.
As it stands, the only promotion You’re able to run through a coupon code. Ideally, I’d like to have the ability to offer a dollar amount from the original cost, or the capability to set a sale price that is specified.
Right Now, if I Need to place a merchandise that is $27 Available for $10, I must break out the calculator and manually do the math to figure out what percent off will leave the price. I believe that is unnecessary and could be made better.
When creating A brand new product in Payhip, you have access to advanced alternatives including —
- Make your product personal.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Upload a preview or sample pages.
- To how many copies of market or your product can be, add a limitation number sold.
- Generate a license key .
How much does this cost?
Payhip will Cost you to set up or host your products. The website takes only 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 client, but whether you should use it depends upon your situation.
If you’re 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. If you have a massive audience or market a merchandise and know you’ll be doing at least $1,000 in sales every month, you might want to look into something most cost-efficient.
As of the date of the writing, Payhip works On a flat fee of 5% of every sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 a month.
If you are going to be promoting less than $1,000 per month in total volume, the math should (typically ) prefer Payhip. But if you’re selling into the thousands, you are probably going to need to go with Gumroad or look into another alternative. That is all largely dependent on the number of transactions it takes to achieve those sales numbers so make certain that you crunch the numbers.
Personally, I love the Payhip Experience and am grateful for their solutions. I would like to see them continue to grow and succeed. How To Create And Sell A Product