Introduction How To Sell Virtual Items On Paypal
Of all the ways of Creating blog content, my method is Such as studying layout templates and materials to make and sell electronic products. I have found that it is extraordinarily profitable than running advertisements and self-made products convert at a higher rate compared to an affiliate product that someone else created. The support I use to facilitate this can be Payhip, and this post I will be sharing what I both like and dislike about the ceremony based in my Payhip expertise for a vendor for two + years. How To Sell Virtual Items On Paypal
My Payhip Expertise
If you’ve ever wanted to sell products Through your own site, you are going to need a means to facilitate trades — some sort of infrastructure which will enable a customer to select your goods, pay for it, and have it instantaneously delivered to them with complete hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An e-commerce platform/website that provides users with options and the tools for hosting and selling electronic products to their customers 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 benefits of utilizing Payhip?
Each online Platform is different, and I’ve used a few of these previously.
For me, having A stage that is easy to use and one that does not require a massive amount of my precious time is of paramount significance.
Payhip will Save a lot of time because everything is taken care of on the Payhip platform.
The Advantages 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 product that is digital.
- Access to analytics reports.
- Access to advertising tools. You have the option to create Societal and Coupons discounts.
- Capability to signup, manage and reward your own affiliates.
- Access to product sharing tools. Plus you can embed Your product and purchase Now buttons on your own website or blog.
- The Capacity to set mailing lists so that your customers can Subscribe and stay up to date with your digital products, and much more.
- Instant digital product shipping via email link to buyers.
What I Enjoy About Payhip
Let us get to the details. Following my 2+ year Payhip experience, here’s what I really like about the ceremony…
Upgrades Are Instantaneous
Payhip let’s your customers pay with PayPal Or by credit/debit card using Stripe, plus they do not pay out monthly/weekly/quarterly or force you to wait around for them to clear some sort of holding period. When a client makes a purchase, the money is instantly available in your account, and if you’ve got the PayPal and also Stripe apps installed on your mobile device, you’ll get notifications whenever a sale occurs. How To Sell Virtual Items On Paypal
I happen to appreciate this. The excitement of Seeing a sale that is new never gets older. It’s also great to awake in the morning, reach to your phone, and see that you made X amount of dollars while you’re sleeping, and it’s all readily available for you to spend. The only caveat to this can be Stripe. If your customers pays by card with Stripe, there will be a 3 day hold until the cash is available. This is Stripe though — Payhip does not hold your money at all.
No Monthly Fees
Among those things that Payhip originally sold me is that there is no Monthly fees or installation charges — just a simple flat charge of 5 percent per sale.
This was appealing to me Since, at the time, my readership was less than 1/10th of what it’s now, and I wasn’t positive I was likely to always sell enough product to justify paying a monthly fee to get a similar service like Gumroad. As a relatively new blogger with a small audience, Payhip was the quickest solution that best fit my situation.
Simple To Know Analytics
Payhip’s back end Provides an page That lets you view transactions and earnings quantities relative to the day, month, week, year, or some other given range. On top of that, it’s a report.
If you have ever used Google Analytics or Facebook analytics, the amount of information you’re immediately smacked in the face with can be somewhat overwhelming, and lots of it’s mostly useless too. Payhip just gives you what you are there to see — sales data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip experience is By producing coupon codes, promotions to conduct.
The codes may be for almost any percentage you would Like and for any (or all) products. They could run for any duration you want (or even permanently,) and the code itself may even be customized to whatever string of text you desire.
I have found this to be very useful. Occasionally I’ll run a weekend promotion, place it on Facebook raise the article targeting a pixel audience and I don’t fail to go ROI positive by it. People really do respond well to limited time offers. How To Sell Virtual Items On Paypal
Your Own Affiliate Program
Payhip gives you the ability to let your Readers register as an affiliate of your store, and you can award them a commission of whatever percent you would like, someone purchases a product using their customized affiliate link.
This is useful because it allows people To market your products for you, the commissions paid will be well worth it, and should they have a stage and an audience of their own that they can tap to.
Easy Integration with Email Marketing
If you’re into email advertising, you will be Able to readily integrate Payhip along with your email advertising provider so that a purchase is made, the buyer’s email address could be added to a selected listing.
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 to the upper left corner of every page of a PDF document they have bought.
So if someone intends to buy your PDF Book subsequently make it accessible for free they will have to be fine with their personal email address being publicly accessible. I believe that is a really creative way of deterring pirating.
Upload Most Kinds of Files
Payhip is a market for ebooks — You can upload any kind of file. Font files, video/audio files, photographs, software, etc..
Overall Simplicity and Modern Design
One thing that can’t be overlooked whenever You’re selling something is the way present your site appears. Individuals generally do not trust websites which appear outdated, myself included. If a website looks like it has not been upgraded because the web 2.0 days, I start to wonder if perhaps I’m in an abandoned building and putting my payment information into it would pretty much be just like throwing my money into a black hole.
That is not true with Payhip though. The Website has a very modern and simple design. This is exactly what you would expect a checkout page by a business, In the event that you should buy a merchandise on the world wide web. How To Sell Virtual Items On Paypal
Another thing that I like about Payhip is its own In general simplicity. In the second a visitor lands on your product page, Payhip stays out of the way. They display your graphics, sales copy, and only the crucial information (like price.) They do absolutely nothing to interfere with your sale — no self-promotion whatsoever.
Eventually, what I actually like about Payhip is That they do not store customer payment information, meaning that your customers’ payment details are secure. The payment is managed through Stripe or PayPal, and I prefer it that way because they’re big companies with a lot of cash.
What I Dislike About Payhip
As much as I enjoy 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 around Payhip is that They don’t possess a mobile program. It’d be convenient to be able to open an app and take a look during my data while I’m out and about. The site isn’t optimized for mobile devices, although you do so and can log into the website.
I enjoy Payhip, but this is a really Lousy appearance in 2018. There is no reason you should not have a site optimized for mobile, and once you have that, you ought to be able to easily turn the site itself right into it’s own program so users don’t need to manually register in every time they would like to inspect sales data. Let users of Payhip experience a much better platform when they are on their devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I’d really like to see an capability to indicate Other products similar to what the client is going to purchase. If they’re buying a package of logo templates for $5, then I could provide a package of business card templates or suggest. This is something which sites like Amazon and VistaPrint do very well.
I can’t help but feel as though there is a Great Deal of money being left on the Table — for myself and Payhip — with no operation. This could improve the Payhip encounter for both the seller and the client.
Establish On A Fixed Timezone
This one is frivolous, but I Like to see it fixed.
Since Payhip is located at London, they have BST was set to by the timezone for the site. Since I am located in the EST, I’ll occasionally check my analytics 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, however I Would love to observe the ability to adjust the website to your timezone. How To Sell Virtual Items On Paypal
More Flexibility with Coupon Codes
I know I raved about the coupon Code feature earlier, but it’s not quite perfect.
As it currently stands, the sole promotion You can run through a voucher code is for a percent off. Ideally, I’d love to have the ability to offer a dollar amount off the initial price, or the ability to set a sale price that is specified.
Right Now, if I Need to place a $27 merchandise On sale for $10, I must break out the calculator and do the math to determine what percent off will render the last price. I believe that is unnecessary and could be made better.
When creating A brand new product in Payhip, you also have access to innovative alternatives including —
- Make your product private.
- Insert an ISBN (Internation Standard Book Number) to your eBook.
- Upload a preview or sample pages.
- Add a limit amount to the number of copies of market or your product could be sold.
- Create a license key for all your product/eBook sales.
How much does this cost?
Payhip will Cost you or even host your products. The website takes just 5% commission per trade fee.
Can I Recommend Payhip?
This leaves us with the burning question: after 2years as a seller on Payhip, do you recommend it? Total, yes. I am a satisfied customer, but whether you ought to use it depends on your own situation.
If you are a blogger with a small audience And you can not justify spending $10+ a month to get something such as Gumroad, then yes, I would absolutely recommend Payhip. However, in case you market a merchandise that is high-ticket or have a massive audience and know you’ll do at least $ 1,000 in sales every month, you may want to check into something.
As of this 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’re going to be promoting $1,000 per month in total quantity, the mathematics should (typically ) prefer Payhip. But if you are selling into the thousands, you need to go with Gumroad or look into another alternative. That is dependent on how many transactions it takes 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 Virtual Items On Paypal