Intro List Of Digital Products
Of all the ways of monetizing Articles that is blog, my Strategy is Such as learning materials and layout templates to make and sell digital products. I have found that it’s extraordinarily profitable than running ads and self explanatory products convert at a higher speed than an affiliate product that someone else created. The service I use to facilitate this can be Payhip, and this article I’ll be discussing what I like and dislike about the ceremony based in my Payhip experience for a vendor for two + years. List Of Digital Products
My Payhip Experience
If you wanted to sell products Through your own website, you’ll need a way to facilitate transactions — some sort of infrastructure that will allow a customer to select your goods, pay for it, and have it immediately delivered to them with whole hands-off automation. Payhip solves this issue.
Payhip is An that gives customers with options and the tools for selling products to their clients 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 benefits of using Payhip?
Each online Platform differs, and I have used a few of them previously.
Having A stage that is simple to use and one that does not take a huge amount of my time that is valuable is of utmost significance.
Payhip will Save you a great deal of time too 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 cared for, and it can be a big plus in my book.
- Affordable. The website takes zero fees asides From 5% per trade when you sell a digital item.
- Accessibility to analytics accounts.
- Access to advertising tools. You have the option to make Social and coupons 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 directly on blog or your site.
- The ability to setup mailing lists so that your clients can Subscribe and stay up to date with your goods, and much more.
- Immediate digital merchandise delivery via email link for buyers.
What I Like About Payhip
Let us get to the information. Following my two + year Payhip experience, here’s what I really like about the ceremony…
Upgrades Are Instantaneous
Payhip let’s your customers pay with PayPal Or from credit/debit card using Stripe, and they do not cover monthly/weekly/quarterly or make you wait around for them to clear some kind of holding period. When a customer makes a purchase, the money is immediately available in your accounts, and in case you have the PayPal and also Stripe programs installed on your mobile device, you are going to receive notifications whenever a sale happens. List Of Digital Products
I happen to love this. The excitement of Seeing a new sale never gets old. In addition, it is good to awake in the morning, reach to your telephone, and see that you made X amount of dollars while you’re sleeping, and it’s all readily available for you to spend. The caveat to this is Stripe. If your customers card with Stripe, there’ll be a 3 day hold before the money is available. That is all Stripe however — Payhip doesn’t hold your money in any way.
No Monthly Charges
Among those things that Payhip originally sold me is that there is no Monthly fees or installation charges — only a simple flat charge of 5 percent per sale.
This was appealing to me Since, at the time, my readership was 1/10th of what it is now, and I was not positive that I was likely to always sell enough product to warrant paying a monthly fee for a similar service such as Gumroad. As a relatively new blogger with a little audience, Payhip was the quickest solution that best fit my scenario.
Simple To Understand Analytics
Payhip’s back end Provides an page That lets you see transactions and earnings quantities relative to this day, month, week, year, or any other given range. Best of all, it’s a really straightforward and to-the-point report.
If you’ve ever used Google Analytics or Facebook analytics, the amount of information you’re instantly smacked in the face can be somewhat overwhelming, and a lot of it is 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 may be for any percentage you would Enjoy and for any (or all) products. They could run for whatever length you’d like (or even indefinitely,) along with the code itself may even be customized to whatever series of text you would like.
I’ve found this to be very useful. Occasionally I will conduct a weekend promotion, place it on Facebook, then raise the article targeting a pixel audience that is re-marketing and I never fail to go ROI positive by it. People do respond to limited time offers. List Of Digital Products
Your Own Affiliate Program
Payhip Provides you the ability to let your Readers register as an affiliate of your store, and someone buys a product using their custom affiliate link, you are able to award them a commission of whatever percent you would like.
This is useful since it allows people To sell your merchandise the commissions paid will be worth it, and should they have a platform and an audience of their own they can tap to.
Easy Integration with Email Marketing
If you are into email advertising, you’ll be Able to readily incorporate Payhip along with your email advertising supplier so that a sale is made, the purchaser’s email address can be added to a list that is chosen.
This is relatively small but I think it’s Pretty cool so I wish to give it a reference — if you so desire, you can have Payhip postage the purchaser’s email address to the upper left corner of each page of a PDF document they’ve purchased.
So if someone intends to Purchase Your PDF Publication make it publicly accessible for free somewhere else, they’ll have to be okay with their email address being accessible as well. I believe that is a very creative way of deterring pirating.
Upload Many Sorts of Files
Payhip isn’t Only a marketplace 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 how present your site appears. Individuals do not trust websites which appear obsolete, myself included. If a website looks like it has not been upgraded since the net 2.0 times, then I begin to wonder if perhaps I am in an abandoned construction and putting my payment info into it would pretty much be just like throwing my money into a black hole.
That is not the case with Payhip though. The Site has a layout. If you should purchase a merchandise on the internet, this is exactly what you would expect a checkout page by a company. List Of Digital Products
Another thing that I like about Payhip is its own In general simplicity. In the very second a visitor lands on your product page, Payhip stays out of the way. They display your images, sales copy, and only the crucial info (such as price.) They do nothing to interfere with your purchase — no self-promotion whatsoever.
Finally, what I like about Payhip is That they do not store customer payment info, meaning your customers’ payment details are safe. The payment is handled through Stripe or PayPal, and I prefer it that way because they are successful companies with lots of cash to spend on security.
What I Dislike About Payhip
As much as I like Payhip, it is far from perfect. Here are some items that I dislike about the ceremony and would like to see improved…
No Mobile App
One thing that bugs me around Payhip is that They don’t have a mobile app. It’d be convenient to have the ability to open an app while I am out and about, and take a look during my sales data. The site is optimized for mobile devices, although you can log into the website and do so.
I enjoy Payhip, but this is a very Lousy look in 2018. There is no reason you shouldn’t 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 app so users do not need to manually register in every time they want to check sales information. Permit users of Payhip encounter a platform when they are on their devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I’d like to see an added ability to indicate Other products similar to what the customer is about to buy. If they’re buying a bundle of logo templates for $5, then I could offer a bundle of business card templates or suggest. This is something that websites like VistaPrint and Amazon do.
I can’t help but feel as though there is a lot of money being left on the Table — for myself and Payhip — without this functionality. This could improve the Payhip experience for both the vendor and the customer.
Set On A Fixed Timezone
This one is mostly frivolous, but I Like to see it fixed.
Considering that Payhip is located in London, they have BST was place to by the timezone for the whole site. Since I am located in the EST, I will occasionally check my stats at 7PM or later and see that I made 0 sales for the day because Payhip thinks it’s midnight and its own data reveals that.
Again, this is a non-issue, but I Would like to see that the ability to adjust the website to your timezone. List Of Digital Products
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 promotion You can run through a voucher code. Ideally, I’d love to have the ability to offer a dollar amount off the cost, or the capability to set a specified sale price.
At the moment, if I Need to place a $27 product On sale for $10, I must break out the calculator and manually do the math to determine what percent off would leave the price. I believe that is unnecessary and may be improved.
When creating A brand new product in Payhip, you have access to advanced alternatives including —
- Make your merchandise personal.
- Insert an ISBN (Internation Standard Book Number) for your eBook.
- Publish sample pages or a couple of preview.
- To how many copies of eBook or your product could be, add a limitation amount sold.
- Create a license key that is unique .
How much does this cost?
Payhip will Cost you nothing or host your digital products. The website takes only 5 percent commission per transaction fee.
Can I Recommend Payhip?
This leaves us with the burning question: after two years as a vendor on Payhip, do you recommend it? Total, yes. I am very much a client, 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 to get something such as Gumroad, then yes, I would recommend Payhip. In case you have a huge audience or sell a high-ticket merchandise and know you’ll be doing at least $1,000 in sales every month, you might want to look into something most cost effective.
As of the date of the writing, Payhip works 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’re going to be promoting less than $1,000 a month in total volume, the mathematics should (typically ) prefer Payhip. But if you’re selling into the thousands, you’ll probably need to decide on Gumroad or look into some other alternative. This is dependent on the number of transactions it takes to reach those sales numbers so make certain to crunch the numbers.
Personally, I absolutely love the Payhip Experience and am very thankful for their services. I would like to see them continue to grow and succeed. List Of Digital Products