Introduction How To Sell Digital Goods Online
Of All of the ways of Creating blog content, my Strategy is To create and sell products such as learning materials and layout templates. I’ve discovered that it is extraordinarily profitable than running advertisements and products convert at a greater rate compared to an affiliate product that somebody else created. The service I use to ease this is Payhip, and in this post I’ll be sharing what I both like and dislike about the ceremony based on my Payhip expertise for a vendor for two + years. How To Sell Digital Goods Online
My Payhip Experience
If you wanted to market digital products Through your own website, you are going to want a way to facilitate trades — some kind of infrastructure which will enable a client to select your goods, pay for it, and 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 solutions and the tools for hosting and promoting products directly to their clients online.
The Provider Was co-founded by Abs Farah and Kahin Farah and is now based in my capital city of London.
What are the advantages of utilizing Payhip?
Each online Platform is different, and I’ve used a couple of these in the past.
Having A stage that is simple to use and one that does not take a huge amount of my time is of utmost significance.
Payhip will Save you a great deal of time too because everything is cared for on the Payhip platform.
The Advantages 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 charges asides From 5% per trade when you sell a product that is digital.
- Access to analytics accounts.
- Access to advertising tools. You have the option to create Societal and Coupons discounts.
- Ability to signup, manage and reward your affiliates.
- Access to product sharing tools. Plus you can embed Your product and purchase Now buttons directly on your site or blog.
- The Capacity to set mailing lists so that your clients can Subscribe and remain up to date with your digital products, and much more.
- Immediate digital merchandise shipping via email link to buyers.
What I Like About Payhip
Let us get to the information. Following my two year Payhip experience, Here Is What I really like about the service…
Upgrades Are Instantaneous
Payhip let’s your customers pay with PayPal Or by credit/debit card with Stripe, and 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 accounts, and if you have the PayPal and Stripe apps installed on your mobile device, you are going to receive notifications each time a sale occurs. How To Sell Digital Goods Online
I happen to love this. The excitement of Seeing a new sale never gets old. In addition, it is great to awake in the morning, reach to your phone, and also see you made X amount of dollars while you’re sleeping, and it is all easily available for you to spend. The caveat to this is Stripe. If your customers pays by card using Stripe, there’ll be a three day hold until the money is available. That is Stripe however — Payhip does not hold your cash in any way.
No Monthly Charges
One of those things that Payhip initially sold me on is that there’s no Monthly charges or installation charges — only a simple flat charge of 5 percent per purchase .
This was attractive to me back Because, at the time, my readership was 1/10th of what it is now, and I was not positive I was likely to consistently sell enough product to justify paying a monthly fee to get a similar service like Gumroad. As a relatively new blogger having a little audience, Payhip was the quickest solution that best fit my situation.
Simple To Understand Analytics
Payhip’s back end offers an page That enables you to see transactions and earnings amounts relative to this day, week, month, year, or any other specified range. On top of that, it’s a to-the-point and very straightforward report.
If you used Google Analytics or Facebook analytics, the amount of information you are instantly smacked in the face with can be somewhat overwhelming, and lots of it’s mostly useless too. Payhip just gives 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 run by producing coupon codes.
The codes can be Enjoy and for any (or all) products. They can run for whatever duration you’d like (or even permanently,) and 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 raise the post targeting a pixel audience and I don’t fail to go ROI positive with it. People do respond well to limited time offers. How To Sell Digital Goods Online
Your Own Affiliate Program
Payhip gives you the ability to let your Readers sign up as an affiliate of your store, and you can grant, if someone buys a product with their custom affiliate link.
This is useful because it allows other Men and Women To market your products for you, the commissions paid will be worth it, and if they have a platform and an audience of their own they can tap to.
Easy Integration with Email Marketing
You will be, if you are into email advertising Able to readily integrate Payhip along with your chosen email advertising provider so that if a purchase is made, the buyer’s email address can be added to a chosen list.
This is relatively small but I think it’s Pretty cool so I wish to give it a reference — if you desire, you can have Payhip postage the buyer’s email address into the top left corner of every page of a PDF document they’ve bought.
So if someone intends to buy your PDF Book make it publicly available for free they will have to be okay with their email address being publicly accessible. I think that’s a creative means of deterring pirating.
Upload Many Sorts of Files
Payhip is a marketplace for ebooks — You can upload any kind of digital file. Font documents, video/audio documents, photos, software, etc..
Total Simplicity and Modern Design
One thing that can’t be overlooked whenever You’re selling something is the way present your website looks. People don’t trust websites which appear outdated, myself included. If a website looks like it has not been upgraded because the web 2.0 days, I begin to wonder if perhaps I am in an abandoned construction and placing my payment info to it’d pretty much be like throwing my money into a black hole.
That’s not true with Payhip though. The Website has a design that is easy and very modern. In the event that you were to buy a digital product on the internet, this is what you’d anticipate a checkout page by a trusted business. How To Sell Digital Goods Online
Another thing that I like about Payhip is its own In general simplicity. In the a visitor lands on your product page, Payhip stays 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.
Finally, what I actually enjoy about Payhip is That customer payment information isn’t stored by them, meaning your clients’ payment details are safe. The payment is managed through PayPal or Stripe, and I prefer it that way because they’re large companies with lots of cash to invest on security.
What I Dislike About Payhip
As much as I enjoy Payhip, it’s far from perfect. Here are some things 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 mobile app. It would be convenient to be able to start an app while I’m out and around, and have a look through my data. The site is optimized for mobile devices, although you can log in to the site and do this.
I like Payhip, but that is a really Bad look in 2018. There is no reason you shouldn’t have a website optimized for mobile, and once you’ve got that, you ought to be able to easily turn the site itself right into it’s own app so users don’t need to manually sign in every time they want to inspect sales data. Users of Payhip encounter a platform when they’re on their cellular devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I’d like to see an ability that is added to indicate Other products similar to what the customer is about to purchase. If they’re buying a bundle of logo templates for $5, then I might provide a bundle of business card templates to get a few bucks, or suggest. This is something that sites like VistaPrint and Amazon do well.
I can’t help but feel as though there’s a Great Deal of money being left on the Table — for myself and Payhip — without this operation. This may enhance the Payhip encounter for both the client and the seller.
Establish On A Fixed Timezone
This one is largely frivolous, but I’d still Prefer to see it corrected.
Since Payhip is located in London, they have The functioning timezone for the site set to BST. Since I am found in the EST, I’ll sometimes check my analytics at 7PM or later and see that I left 0 sales for the day because Payhip thinks it’s midnight and its information reveals that.
This is a non-issue, however I Would like to observe the capability to adjust the site to your timezone. How To Sell Digital Goods Online
More Flexibility with Coupon Codes
I know I raved about the voucher Code feature earlier, but it’s not quite perfect just yet.
As it stands, the advertising You’re able to run via a voucher code. Ideally, I’d love to be able to supply a dollar amount to set a sale price.
At the moment, if I want to put a merchandise that is $27 Available for $10, I must break out the calculator and do the math to determine what percent off would leave the final price at $10. I believe that is unnecessary and may be made better.
When creating A brand new product in Payhip, you also have access to innovative options which include —
- Make your product private.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Upload a preview or sample pages.
- To how many copies of eBook or your product can be, Insert a limit number sold.
- Create a unique license key for all your product/eBook sales.
Just how much does it cost?
Payhip will Cost you nothing to set up or even host your products. The site takes just 5 percent commission per transaction fee.
Can I Recommend Payhip?
This leaves us with the burning question: after 2+ years as a vendor on Payhip, do you recommend it? Total, yes. I am very much a client, but whether you ought to use it depends on your own situation.
If you are a new blogger with a small audience And you can’t justify spending $10+ per month for something such as Gumroad, then yes, I would recommend Payhip. However, if you know that you’ll do at least $ 1,000 in sales each month and sell a product or have a massive audience, you may want to check into something.
As of the date of the writing, Payhip functions On a set fee of 5 percent of every sale. Gumroad’s fee is now 3.5% + $0.30 per transaction + $10 per month.
If you are going to be promoting $1,000 a month in total volume, the math should (in most cases) favor Payhip. But if you’re selling well into the thousands, you are probably going to need to go with Gumroad or start looking into some other choice. That is dependent on the number of transactions it requires to reach those sales numbers though, so make sure that you crunch the numbers.
Personally, I love the Payhip Expertise and am really thankful for their services. I want to see them continue to grow and succeed. How To Sell Digital Goods Online