Intro How To Sell Digital Goods With Paypal
Of All of the ways of monetizing blog content, my favorite Strategy is Like learning materials and design templates, to create and sell electronic products. I have found that it is extraordinarily more rewarding than running ads and products convert at a greater speed than an affiliate product that someone else created. The support I use to facilitate this can be Payhip, and in this post I’ll be discussing what I like and dislike about the service based in my Payhip experience for a seller for two + years. How To Sell Digital Goods With Paypal
My Payhip Expertise
If you’ve ever wanted to sell digital products Through your own site, you’ll want a means to facilitate transactions — some sort of infrastructure which will enable a customer to select your goods, cover it, and have it immediately delivered to them with complete hands-off automation. Payhip solves this issue.
Payhip is An e-commerce platform/website that gives customers with the tools and solutions for hosting and selling digital products straight 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.
Which are the advantages of utilizing Payhip?
Each online Platform differs, and I have used a few of these previously.
Having A stage that is so easy to use and one that doesn’t take a huge amount of my time that is precious is of paramount significance.
Payhip will Save you a lot of time also because everything is cared for on the Payhip platform.
The Advantages that I’ve gained the most from utilizing Payhip comprise –
- EU VAT is taken care of, which is a big plus in my book.
- Affordable. The site takes zero fees asides From 5% per transaction when you sell a digital product.
- Access to analytics reports.
- Access to marketing tools. You have the option to create Social and coupons discounts.
- Capability to signup, manage and reward your own affiliates.
- Access to merchandise sharing programs . Plus it is possible to embed Purchase and your merchandise Now buttons on blog or your own site.
- The ability to set mailing lists so that your clients can Subscribe and stay up to date with your products, and much more.
- Immediate digital product delivery via email link for customers.
What I Like About Payhip
Let us get to the information. Following my 2 year Payhip experience, Here Is What I love about the ceremony…
Payments Are Instantaneous
Payhip let us your customers pay with PayPal Or from credit/debit card using Stripe, and they do not cover monthly/weekly/quarterly or force you to wait around for them to clear some kind of holding period. When a customer makes a purchase, the money is immediately available on your account, and if you’ve got the PayPal and also Stripe apps installed on your mobile device, you’ll receive notifications each time a sale happens. How To Sell Digital Goods With Paypal
I happen to appreciate this. The excitement of Seeing a sale never gets old. In addition, it is good to wake up in the morning, reach to your phone, and see that you made X number of dollars while you were sleeping, and it is all easily available for you to spend. The caveat to this can be Stripe. If your customers pays by card with Stripe, there’ll be a 3 day hold before the money is available. That is all Stripe though — Payhip doesn’t hold your cash in any way.
No Monthly Fees
Among the things that Payhip originally sold me on is that there is no Monthly fees or installation charges — just a simple flat charge of 5 percent per purchase .
This was appealing to me Because, at the time, my readership was 1/10th of what it’s now, and that I was not positive I was likely to always 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 quickest solution that best fit my scenario.
Simple To Know Analytics
Payhip’s back end Provides an analytics page That lets you see trades and earnings amounts relative to this day, month, week, year, or some other given range. On top of that, it is a report.
If you’ve ever used Google Analytics or Facebook analytics, the number of information you’re immediately smacked in the face can be somewhat overwhelming, and lots of it’s mostly useless also. Payhip just provides you exactly 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 run.
The codes may be for any percentage you would Enjoy and for any (or all) products. They could run for any duration you want (or even indefinitely,) and the code itself can even be customized to whatever string of text you desire.
I’ve found this to be useful. Sometimes I will run a weekend marketing, place it on Facebook, then boost 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 With Paypal
Your Own Affiliate Program
Payhip gives you the ability Readers register as an affiliate of your store, and you are able to award them a commission of whatever percent you’d like, if someone buys a product with their custom affiliate link.
This is useful since it allows Men and Women To sell your merchandise and if they have a stage and an audience of their own that they can tap into, the commissions paid will be well worth it.
Easy Integration with Email Marketing
You will be, if you are into email advertising Able to incorporate Payhip along with your preferred email advertising supplier so that a sale is made, the buyer’s email address can be added to a chosen list.
That is relatively small but I think it’s Pretty cool so I want to give it a mention — if you so desire, you can have Payhip stamp the purchaser’s email address to the top left corner of every page of a PDF document they have purchased.
So if someone plans to Purchase Your PDF Publication subsequently make it publicly accessible for free somewhere else, they’ll have to be okay with their personal email address being accessible also. I think that’s a means of deterring pirating.
Upload Most Kinds of Files
Payhip is a market for ebooks — It’s possible to upload just about any sort of file. Font documents, video/audio documents, photographs, software, etc..
Overall Simplicity and Modern Design
One thing that can’t be overlooked whenever You are selling something is your site looks. People don’t trust myself included. If a website looks like it has not been updated since the net 2.0 times, then I start to wonder if maybe I’m in an abandoned construction and placing my payment information to it would pretty much be like throwing my money into a black hole.
That’s not true with Payhip though. The Site has a simple and very modern design. This is exactly what you would expect a checkout page by a trusted company to appear like if you were to buy a digital merchandise on the world wide web. How To Sell Digital Goods With Paypal
Another thing that I like about Payhip is its own In general simplicity. From the second a visitor lands on your product page, Payhip stays out of the way. They display your images, sales copy, and just the crucial info (such as price.) They do nothing to interfere with your purchase — no.
Finally, what I really like about Payhip is That they do not store customer payment information, meaning your customers’ payment details are secure. The payment is managed through Stripe or PayPal, and I prefer it this way because they’re big, successful companies with lots of cash to spend on top-shelf security.
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 improved…
No Mobile App
One thing that bugs me about Payhip is that They don’t possess a program. It would be convenient to have the ability to start an app and have a look during my data while I’m out and about. The site isn’t optimized for mobile devices, although you do this and may log into the site.
I like Payhip, but that is a very Bad appearance in 2018. There’s no reason you should not have a website optimized for cellular, and once you have that, you ought to be able to easily turn the site itself into it’s own program so users don’t need to manually register in each time they would like to inspect sales data. Users of Payhip encounter a better platform when they are on their devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I would really like to see an added ability to suggest Other products. If they are buying a bundle of logo templates for $5, I suggest, or might provide a bundle of business card templates for a couple of extra bucks. This is something that 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 improve the Payhip experience for both the vendor and the customer.
Set On A Fixed Timezone
This one is frivolous, but I had still Prefer to see it corrected.
Since Payhip is located at London, they’ve The working timezone for the whole site place to BST. Since I’m located in the EST, I’ll occasionally check my analytics at 7PM or later and see that I left 0 sales for the day because Payhip thinks it is midnight and its data reflects that.
Again, this is a non-issue, but I Would like to observe that the capability to adjust the website to your timezone. How To Sell Digital Goods With Paypal
More Flexibility with Coupon Codes
I know I raved about the coupon It is not perfect just yet, although code feature earlier.
As it stands, the advertising You can run via a voucher code. I’d like to have the ability to supply a dollar amount 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 manually do the math to determine what percent off would leave the last cost at $10. I think that is unnecessary and could be made better.
When creating A brand new product in Payhip, you have access to innovative alternatives including —
- Make your merchandise private.
- Insert an ISBN (Internation Standard Book Number) to your eBook.
- Publish a sample or preview pages.
- Add a limitation amount to the number of copies of eBook or your product could be sold.
- Create a license key that is unique .
Just how much does it cost?
Payhip will Cost you to set up or host your products. The website takes only 5% commission per trade fee.
Would I Recommend Payhip?
This leaves us with the burning question: after 2years as a vendor on Payhip, do you recommend it? Total, yes. I am a customer, 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 not justify spending $10+ a month for something such as Gumroad, then yes, I would absolutely recommend Payhip. However, if you sell a product that is high-ticket or have a huge audience and know you’ll be doing at least $ 1,000 in sales each month, you may want to check into something most cost effective.
As of the date of the writing, Payhip functions On a set fee of 5 percent of each sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 per month.
If you are going to be promoting $1,000 per month in total quantity, the mathematics should (typically ) favor Payhip. But if you are selling into the thousands, you want to go with Gumroad or start looking into some alternative. That is largely dependent on the number of transactions it requires to achieve those sales numbers though, so make certain that you crunch the numbers.
Personally, I absolutely love the Payhip Expertise and am really thankful for their services. I would like to see them continue to grow and succeed. How To Sell Digital Goods With Paypal