Of All of the ways of monetizing Articles, my Strategy is Such as learning materials and design templates, to make and sell products. I have discovered that it is extraordinarily rewarding than running advertisements and self-made products convert at a higher rate than an affiliate product that someone else created. The service I use to facilitate this is Payhip, and this post I’ll be sharing what I like and dislike about the service based on my Payhip experience for a vendor for two + years. Kindle
My Payhip Experience
If you wanted to market products Through your own site, you’ll want a way to facilitate trades — some sort of infrastructure that will allow a customer to select your product, pay for it, and also have it instantaneously delivered to them with complete hands-off automation. Payhip solves this problem.
What is Payhip?
Payhip is An that provides customers with options and the easiest tools for selling electronic products straight to their customers and hosting online.
The company Was co-founded by Abs Farah and Kahin Farah and is currently based in my capital city of London.
Which are the benefits of using Payhip?
Each online Platform is different, and I have used a few of them 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 lot of time because everything is cared for on the Payhip platform.
The Advantages that I’ve gained the most from utilizing Payhip include –
- EU VAT is taken care of, and it can be a huge plus in my book.
- Affordable. The website takes zero charges asides From 5% per trade when you sell a item.
- Access to analytics reports.
- Access to marketing tools. You have the option to create Coupons and societal discounts.
- Capability to signup, handle and reward your affiliates.
- Access to product sharing programs . Plus it is possible to embed Your merchandise and Buy Now buttons right on blog or your own site.
- The Capacity to set mailing lists so that your clients can Subscribe and stay current with your products, and more.
- Immediate digital merchandise delivery via email link for buyers.
What I Enjoy About Payhip
Let us get to the information. After my 2 year Payhip experience, Here Is What I love about the service…
Upgrades Are Instantaneous
Payhip let’s your customers pay with PayPal Or by credit/debit card with Stripe, plus they do not cover monthly/weekly/quarterly or make you wait for them to clear some kind of holding period. When a customer makes a purchase, the money is instantly available in your account, and if you have the PayPal and Stripe apps installed on your mobile device, you are going to get notifications whenever a sale occurs. Kindle
I happen to appreciate this. The excitement of Seeing a brand new sale never gets old. It’s also great to wake up in the morning, reach for your telephone, and see you made X amount of dollars while you were sleeping, and it’s all readily available for you to spend. The only caveat to this can be Stripe. If your customers card with Stripe, there’ll be a 3 day hold before the money is available. This is Stripe however — Payhip does not hold your cash at all.
No Monthly Charges
One of those things that Payhip initially sold me on is that there is no Monthly fees or installation charges — only a simple flat fee of 5 percent per purchase .
This was attractive to me in 2016 Since, at the time, my readership was 1/10th of what it is now, and that I was not positive I was going to always sell enough product to warrant paying a monthly fee to get a similar service such as Gumroad. As a relatively new blogger with a little crowd, Payhip was the no-risk solution that best match my situation.
Easy To Understand Analytics
Payhip’s back end Provides an analytics page That lets you view trades and earnings amounts relative to the day, week, month, year, or some other specified selection. On top of that, it’s a report that is to-the-point and very simple.
If you’ve ever used Google Analytics or Facebook analytics, the number of data you are immediately smacked in the face with can be a bit overwhelming, and a lot of it is largely 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 benefit users of Payhip encounter is By producing coupon codes, promotions to conduct.
The codes can be for almost any percentage you would Like and for any (or all) products. They can run for whatever length you want (or even indefinitely,) along with the code itself can even be customized to whatever string of text you would like.
I have found this to be helpful. Occasionally I’ll conduct a weekend promotion, place it on Facebook raise the post targeting a pixel audience that is re-marketing and I never fail to go ROI positive with it. People truly do respond to limited time offers. Kindle
Your Own Affiliate Program
Payhip gives you the capability Readers register as an affiliate of your shop, and you can grant, if someone buys a product with their custom affiliate link.
This is useful since it allows other people To sell your merchandise and if they have a platform and an audience of their own that they can tap to, the commissions paid will be worthwhile.
Easy Integration with Email Marketing
You’ll be if you’re into email advertising Able to readily incorporate Payhip along with your preferred email marketing provider so that if a purchase is made, the email address of the purchaser could be added to a list.
That is relatively small but I think it’s Pretty cool so I wish to give it a reference — if you desire, you’ll have Payhip postage the purchaser’s email address into the upper left corner of each page of a PDF document they have purchased.
So if someone intends to buy your PDF Publication subsequently make it publicly available for free they’ll need to be okay with their private email address being accessible as well. I believe that’s a way of deterring pirating.
Upload Many Kinds of Files
Payhip is not just a marketplace for ebooks — It’s possible to upload any kind of file. Font documents, video/audio files, photos, software, etc..
Overall Simplicity and Modern Design
One thing that can’t be overlooked whenever You are selling something is how present your website appears. People do not trust websites which look outdated, myself included. If a site looks like it hasn’t been upgraded because the web 2.0 days, I start to wonder if maybe I’m in an abandoned building and placing my payment info into it’d pretty much be just like throwing my money into a black hole.
That is not true with Payhip though. The Site has a design that is very modern and easy. This is what you would anticipate a checkout page by a company to look like In the event that you should buy a product on the world wide web. Kindle
Another thing I enjoy about Payhip is its own Overall simplicity. In the moment a visitor lands on your product page, Payhip stays out of the way. They display your images, sales copy, and only the critical info (such as price.) They do absolutely nothing to interfere with your sale — no.
Finally, what I like about Payhip is That they don’t store customer payment info, meaning that your customers’ payment details are safe. The payment is totally handled through PayPal or Stripe, and I prefer it this way because they are large companies with a lot of money to spend on top-shelf security.
What I Dislike About Payhip
As much as I enjoy Payhip, it is far from perfect. Here are some things that I dislike about the service and would like to see improved…
No Mobile App
One thing that bugs me about Payhip is that They do not have a mobile program. It’d be convenient to be able to start an app while I am out and about and have a look through my data. You do this and may log into the site, but the website is optimized for mobile devices.
I enjoy Payhip, but that is a very Bad look in 2018. There is no reason you should not have a site optimized for mobile, 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 do not have to manually register in every time they would like to inspect sales data. Permit users of Payhip encounter a platform when they are on their mobile devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I’d really like to see an capability to suggest Other products. For example, if they are purchasing a bundle of logo templates for $5, I suggest, or might provide a bundle of business card templates to get a couple of added bucks. This is something that sites like VistaPrint and Amazon do well.
I can not help but feel as though there is a Great Deal of money being left on the Table — for both myself and Payhip — with no operation. This could improve the Payhip encounter for both the vendor and the customer.
Set On A Fixed Timezone
This one is frivolous, but I had still Like to see it corrected.
Since Payhip is located in London, they have The timezone for the site place to BST. Since I’m found in the EST, I will occasionally check my stats at 7PM or later and see that I made 0 earnings for the day since Payhip thinks it is midnight and its information reflects that.
This is largely a non-issue, however I Would love to observe that the ability to adjust the site. Kindle
More Flexibility with Coupon Codes
I know I raved about the voucher It’s not quite perfect just yet, although Code attribute earlier.
As it now stands, the promotion You’re able to run through a coupon code. Ideally, I’d like to be able to supply a dollar amount off the initial cost, or the capability to set a sale price.
Right Now, if I Need to place a $27 product Available for $10, do the math to figure out what percent off would leave the final cost and I must break out the calculator. I believe that is unnecessary and may be made better.
When creating A new product in Payhip, you also have access to innovative options including —
- 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 market or your product could be, Insert a limitation number sold.
- Create a license key that is exceptional for each of your product/eBook sales.
How much does it cost?
Payhip will Cost you to establish or even host your products. The site takes just 5 percent commission per transaction fee.
Would I Recommend Payhip?
This leaves us with the burning question: after two + years 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 situation.
If you’re a blogger with a small audience And you can’t justify spending $10+ a month for something like Gumroad, then yes, I would absolutely recommend Payhip. But if you know that you’ll be doing at least $ 1,000 in sales each month and market a product that is high-ticket or have a huge audience, you might want to look into something most cost effective.
As of this date of this writing, Payhip functions On a set fee of 5% of every sale. Gumroad’s fee is now 3.5% + $0.30 per transaction + $10 per month.
If you are going to be selling $1,000 per month in total volume, the mathematics should (in most cases) prefer Payhip. But if you’re selling into the thousands, you’ll probably need to go with Gumroad or look into another alternative. That is largely dependent on the number of transactions it requires to reach those sales numbers so make sure to crunch the numbers on your own.
Personally, I love the Payhip Experience and am really thankful for their services. I would like to see them continue to grow and succeed. Kindle