Introduction How To Sell On Payhip With No Bank Account
Of all the ways of monetizing content, my favorite method is To make and sell electronic products such as learning materials and layout templates. I have discovered that it is extraordinarily more profitable than running ads from networks such as AdSense, and products convert at a higher speed compared to an affiliate product that somebody else created. The support I use to ease this can be Payhip, and this post I will be sharing what I both like and dislike about the ceremony based on my Payhip experience for a vendor for 2+ years. How To Sell On Payhip With No Bank Account
My Payhip Expertise
If you’ve ever wanted to market products Through your own website, you are going to want a way to facilitate transactions — some kind of infrastructure which will enable a client to select your product, cover it, and also have it immediately delivered to them with complete hands-off automation. Payhip solves this problem.
What is Payhip?
Payhip is An e-commerce platform/website that gives users with solutions and the tools for promoting products to their customers and hosting online.
The company Was co-founded by Abs Farah and Kahin Farah and is now based in my capital city of London.
Which are the advantages of using Payhip?
Each online Platform is different, and I have used a couple of these previously.
Having A platform that is easy to use and one that doesn’t take a huge amount of my valuable time is of utmost significance.
Payhip will Save you a lot of time too because everything is cared for on the Payhip platform.
The Benefits that I’ve gained the most from using Payhip include –
- EU VAT is taken care of, which can be a huge plus in my book.
- Affordable. The website takes zero fees asides From 5 percent per transaction when you sell a digital item.
- Access to analytics accounts.
- Access to advertising tools. You have the option to make Societal and Coupons discounts.
- Capability to signup, handle and reward your affiliates.
- Access to merchandise sharing programs . Plus you can embed Your product and Buy Now buttons on blog or your site.
- The Capacity to set mailing lists so that your customers can Subscribe and remain current with your digital goods, and more.
- Instant digital merchandise delivery via email link to customers.
What I Like About Payhip
Let’s get to the information. Following my 2 year Payhip expertise, Here Is What I really like about the service…
Payments Are Instantaneous
Payhip let’s your customers pay with PayPal Or from credit/debit card with Stripe, and they do not cover monthly/weekly/quarterly or force you to wait for them to clear some sort of holding period. When a client makes a purchase, the money is immediately available in your account, and in case you’ve got the PayPal and Stripe apps installed on your mobile device, you’ll get notifications each time a sale happens. How To Sell On Payhip With No Bank Account
I happen to love this. The excitement of Seeing a brand new sale never gets older. In addition, it is good to awake in the morning, reach to your phone, and also see that you made X amount of dollars while you were sleeping, and it’s all readily 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 however — Payhip does not hold your cash in any way.
No Monthly Charges
Among the things that Payhip originally sold me on is that there’s no Monthly fees or setup charges — just a simple flat charge of 5 percent per sale.
This was attractive to me Since, at the time, my readership was less than 1/10th of what it is now, and I wasn’t positive that 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 with a little audience, Payhip was the no-risk solution that best fit my scenario.
Simple To Understand Analytics
Payhip’s back end Provides an page That lets you view transactions and earnings quantities relative to this day, month, week, year, or some other given selection. On top of that, it’s a report that is to-the-point and very simple.
If you’ve used Google Analytics or Facebook analytics, the amount of information you are immediately smacked in the face with can be a bit overwhelming, and lots of it is mostly useless also. Payhip just provides you exactly what you’re there to see — sales information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip experience is The capacity to conduct promotions by producing coupon codes.
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 desire.
I’ve found this to be helpful. Sometimes I will conduct a weekend marketing, place 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 really do respond to limited time offers. How To Sell On Payhip With No Bank Account
Your Own Affiliate Program
Payhip Provides you the capability to let your Readers sign up as an affiliate of your shop, and someone purchases a product with their custom affiliate link, you are able to award.
This is useful since it allows Men and Women To market your merchandise for you, and if they have a platform and an audience of their own that they can tap into, the commissions paid will be worthwhile.
Easy Integration with Email Marketing
You’ll be, if you’re into marketing Able to readily integrate Payhip with your chosen email marketing provider so that whenever a purchase is made, the buyer’s email address could be added into a listing that is selected.
That is relatively small but I think it’s Pretty cool so I wish to give it a mention — if you desire, you’ll have Payhip postage the purchaser’s email address into the upper left corner of every page of a PDF document they have bought.
So if someone intends to Purchase Your PDF Publication make it publicly available for free somewhere else, they’ll need to be fine with their email address being available. I believe that is a way of deterring pirating.
Upload Most Sorts of Files
Payhip is not Only a market for ebooks — You can upload any kind of electronic file. Font documents, video/audio documents, photographs, software, etc..
Total Simplicity and Modern Design
One thing that can not be overlooked whenever You are selling something is the way present your site looks. Individuals generally do not trust websites that look obsolete, myself included. If a site looks like it hasn’t been updated since the net 2.0 days, I begin to wonder if maybe I am in an abandoned building and placing my payment information 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 simple and very modern layout. If you should purchase a digital merchandise this is what you would anticipate a checkout page from a trustworthy company to appear like. How To Sell On Payhip With No Bank Account
Another thing I like about Payhip is its Overall simplicity. From the very moment a visitor lands on your product page, Payhip stays out of the way. They display your images, sales copy, and just the critical info (like price.) They do nothing to interfere with your sale — no.
Eventually, what I enjoy about Payhip is That they do not store customer payment info, meaning your customers’ payment details are secure. The payment is completely managed through PayPal or Stripe, and I prefer it this way because they’re big companies with a lot of cash.
What I Dislike About Payhip
As much as I like Payhip, it’s far from perfect. Here are some items that I dislike about the service and would like to see improved…
No Mobile App
1 thing that bugs me about Payhip is that They do not possess a mobile program. It would be convenient to be able to start an app and take a look through my earnings data while I’m out and about. The website isn’t optimized for mobile devices, although you may log into the website and do so.
I enjoy Payhip, but that is a very Lousy appearance in 2018. There’s no reason you should not have a site optimized for cellular, and when you’ve got that, you should be able to easily turn the site itself into it’s own app so users don’t have to manually register in each time they want to inspect sales information. Users of Payhip encounter a much better platform when they’re on their mobile devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I’d like to see an capability to suggest Other products. If they are purchasing a bundle of templates for $5, I propose, or might offer a bundle of business card templates to get a few extra dollars. This is something which sites like Amazon and VistaPrint do.
I can not help but feel like there’s a Great Deal of money Table — for both myself and Payhip — without this functionality. This may improve the Payhip experience for both the seller and the client.
Establish On A Fixed Timezone
This one is frivolous, but I Prefer to see it corrected.
Considering that Payhip is located in London, they have The functioning timezone for the site place to BST. Since I’m found in the EST, I will occasionally check my stats at 7PM or afterwards and see that I left 0 earnings for the day since Payhip believes it is midnight and its data reflects that.
This is largely a non-issue, but I Would love to see that the ability to adjust the site to your own timezone. How To Sell On Payhip With No Bank Account
More Flexibility with Coupon Codes
I know I raved about the coupon It is not quite perfect yet, although code feature earlier.
As it stands, the sole advertising You’re able to run through a coupon code is to get a percent off. Ideally, I’d love to have the ability to supply a dollar amount off the cost, or the capability to set a sale price that is predetermined.
At the moment, if I want to place a $27 product On sale for $10, I must break out the calculator and do the math to figure out what percentage off will leave the cost at $10. I think that is unnecessary and may be improved.
When creating A new product in Payhip, you also have access to innovative options which include —
- Make your merchandise personal.
- Insert an ISBN (Internation Standard Book Number) to your eBook.
- Upload sample pages or a couple of preview.
- Add a limit number sold.
- Create a license key that is unique for all your product/eBook revenue.
Just how much does this cost?
Payhip will Cost you or even host your products. The website takes only 5% commission per trade fee.
Can I Recommend Payhip?
This leaves us with the burning question: after 2+ years as a seller on Payhip, do you recommend it? Overall, yes. I am a satisfied client, but whether or not you ought to use it depends on your situation.
If you’re a blogger with a small audience And you can’t justify spending $10+ per month to get something like Gumroad, then yes, I would recommend Payhip. But if you know that you’ll be doing at least $ 1,000 in sales every month and sell a product that is high-ticket or have a massive audience, you may want to look into something most cost-efficient.
As of the date of this writing, Payhip works On a set fee of 5 percent of every sale. Gumroad’s fee is now 3.5% + $0.30 per transaction + $10 a month.
If you are going to be promoting $1,000 a month in total quantity, the math should (in most cases) prefer Payhip. But if you are selling into the thousands, you are probably going to want to go with Gumroad or look into another alternative. That is mostly dependent on the number of transactions it takes to achieve those sales numbers though, so be certain to crunch the numbers for yourself.
Personally, I absolutely love the Payhip Expertise and am very thankful for their services. I would like to see them continue to grow and succeed. How To Sell On Payhip With No Bank Account