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Of All of the ways of monetizing blog Articles, my Strategy is To make and sell digital products like studying layout templates and materials. I have discovered that it is extraordinarily more profitable than running ads from networks like AdSense, and products convert at a significantly higher speed than an affiliate product that someone else created. The service I use to ease this is Payhip, and in this article I’ll be discussing what I like and dislike about the service based in my Payhip experience as a vendor for two + years. Kindle Epub
My Payhip Experience
If you wanted to market digital products Through your own site, you are going to want a means to facilitate transactions — some kind of infrastructure that will allow a customer to select your goods, pay for it, and also have it instantaneously delivered to them with complete hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An that provides customers with solutions and the tools for hosting and selling products to their customers online.
The Provider Was co-founded by Abs Farah and Kahin Farah and is currently based in my capital city of London.
What are the advantages of using Payhip?
Each online Platform differs, and I’ve used a few of these in the past.
Having A stage that is easy to use and one that does not require a huge amount of my time that is valuable is of paramount 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 can be a huge plus in my book.
- Affordable. The website takes zero fees asides From 5 percent per trade when you sell a item that is digital.
- Access to analytics reports.
- Access to advertising tools. You have the option to make Social and coupons discounts.
- Capability to signup, manage and reward your affiliates.
- Access to merchandise sharing tools. Plus it is possible to embed Buy and your merchandise Now buttons right on blog or your site.
- The ability to set mailing lists so that your clients can Subscribe and stay up to date with your products, and more.
- Instant digital product shipping via email link for buyers.
What I Like About Payhip
Let us get to the details. After my 2 year Payhip expertise, here’s what I love about the ceremony…
Payments Are Instantaneous
Payhip let’s 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 clean some kind of holding period. When a client makes a purchase, the cash is immediately available on your accounts, and in case you’ve got the PayPal and also Stripe programs installed on your mobile device, you are going to receive notifications whenever a sale happens. Kindle Epub
I happen to appreciate this. The excitement of Seeing a sale that is brand new never gets older. In addition, it is good to wake up in the morning, reach for your phone, and see that you made X number of dollars while you’re sleeping, and it is all readily available for you to spend. The only caveat to this is Stripe. If your clients pays by card using Stripe, there will be a three day hold until the cash is available. This is all Stripe though — Payhip doesn’t hold your cash in any way.
No Monthly Charges
Among those things that Payhip initially sold me on is that there is no Monthly charges or setup charges — just a simple flat fee of 5 percent per sale.
This was attractive to me back in 2016 Because, at the time, my readership was 1/10th of what it’s now, and I wasn’t positive that I was going to always sell enough product to justify paying a monthly fee to get a similar service like Gumroad. As a relatively new blogger having a little crowd, Payhip was the quickest solution that best fit my scenario.
Easy To Know Analytics
Payhip’s back end offers an analytics page That enables you to see trades and earnings quantities relative to this day, week, month, year, or some other given selection. Best of all, it’s a to-the-point and very straightforward 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 a bit overwhelming, and lots of it’s largely useless also. Payhip just gives you what you’re there to see — revenue data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip encounter is By creating coupon codes, promotions to conduct.
The codes can be Like and for any (or all) products. They can run for any length you’d like (or even permanently,) and the code itself can even be customized to whatever string of text you would like.
I’ve found this to be somewhat useful. Sometimes I will conduct a weekend promotion, post it on Facebook raise the post targeting a pixel audience and I never fail to go ROI positive by it. People do respond to limited time offers. Kindle Epub
Your Own Affiliate Program
Payhip Provides you the ability Readers sign up as an affiliate of your store, and if someone buys a product you are able to award them a commission of whatever percent you’d like.
This is useful since it allows other Men and Women To market your merchandise for you, the commissions paid will be well worth it, and should they have a stage and an audience of their own they can tap to.
Easy Integration with Email Marketing
If you are into advertising, you will be Able to readily incorporate Payhip along with your preferred email marketing provider so that a sale is made, the buyer’s email address can be added to a list that is chosen.
This is minor but I think it’s Pretty cool so I want 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 purchased.
So if someone intends to buy your PDF Publication subsequently make it available for free somewhere else, they’ll have to be fine with their private email address being publicly accessible as well. I believe that is a means of deterring pirating.
Upload Most Kinds of Files
Payhip is not Only a market for ebooks — You can upload any kind of file. Font files, video/audio documents, photos, software, etc..
Overall Simplicity and Modern Design
One thing that can not be overlooked whenever You’re selling something is your website appears. People don’t trust websites that appear obsolete, myself included. If a site looks like it has not been updated since the net 2.0 times, then I start to wonder if maybe I am in an abandoned building and placing my payment info to it would pretty much be like throwing my money into a black hole.
That is not true with Payhip though. The Site has a design. This is exactly what you’d anticipate a checkout page from a trusted company to look like In the event that you should buy a merchandise on the internet. Kindle Epub
Another thing that I like about Payhip is its own Overall simplicity. From the second a visitor lands on your product page, Payhip remains out of the way. They display your images, sales copy, and just the critical information (like price.) They do absolutely nothing to interfere with your purchase — no.
Finally, what I like about Payhip is That customer payment information isn’t stored by them, meaning your customers’ payment details are safe. The payment is totally handled through PayPal or Stripe, and I prefer it this way as they are successful companies with lots of cash to invest 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 service and would like to see enhanced…
No Mobile App
One thing that bugs me around Payhip is that They don’t possess a mobile app. It’d be convenient to be able to start an app while I’m out and around and take a look. You do so and may log in to the website, but the site isn’t even optimized for mobile devices.
I enjoy Payhip, but this is a really Bad appearance in 2018. There’s no reason you shouldn’t have a site optimized for cellular, and when you’ve got that, you ought to be able to easily turn the website itself right into it’s own app so users don’t have to manually sign in each time they would like to inspect sales data. Permit users of Payhip experience a better platform when they are on their devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I’d like to see an ability to suggest Other products similar to what the customer is going to buy. For example, if they are purchasing a bundle of logo templates for $5, I suggest some other similar product which could interest them that they previously didn’t know about, or might provide a package of business card templates for a few dollars. This is something which sites like Amazon and VistaPrint do.
I can not help but feel like there’s a lot of money Table — for both myself and Payhip — without this functionality. This may improve the Payhip encounter for both the client and the seller.
Establish On A Fixed Timezone
This one is frivolous, but I had still Like to see it fixed.
Considering that Payhip is located in London, they’ve The functioning timezone for the whole site place to BST. Since I’m located in the EST, I will sometimes check my analytics at 7PM or afterwards and see that I made 0 sales for the day since Payhip thinks it is midnight and its data reflects that.
This is mostly a non-issue, but I Would like to observe that the ability to correct the website to your timezone. Kindle Epub
More Flexibility with Coupon Codes
I know I raved about the coupon Code feature but it’s not quite perfect just yet.
As it currently stands, the sole promotion You can run through a coupon code is to get a percent off. I’d love to be able to supply a dollar amount off the price, or the capability to set a sale price that is predetermined.
At the moment, if I Need to place a product On sale for $10, do the math to determine what percentage off would render the price and I must break out the calculator. I think this is unnecessary and could be improved.
When creating A new product in Payhip, you have access to advanced alternatives including —
- Make your product private.
- Insert an ISBN (Internation Standard Book Number) to your eBook.
- Upload sample pages or a preview.
- To how many copies of eBook or your product could be add a limit amount sold.
- Create a exceptional license key .
How much does it cost?
Payhip will Cost you nothing 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 2+ years as a vendor on Payhip, would you recommend it? Overall, yes. I am very much a happy client, but whether you ought to 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. However, if you know you’ll be doing at least $ 1,000 in sales every month and market a high-ticket product or have a massive audience, you might want to check into something.
As of this 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 a month.
If you are going to be selling $1,000 a month in total quantity, the mathematics should (typically ) prefer Payhip. But if you are selling well into the thousands, you are probably going to want to go with Gumroad or start looking into some other alternative. This is all dependent on the number of transactions it requires to achieve those sales numbers so be certain to crunch the numbers.
Personally, I absolutely love the Payhip Experience and am very grateful for their services. I want to see them continue to grow and succeed. Kindle Epub