Introduction Maria Wedel Payhip
Of all the ways of monetizing content, my favorite Strategy is To create and sell electronic products. I have found that it is extraordinarily more rewarding than running advertisements from networks such as AdSense, and products convert at a higher speed compared to an affiliate product that somebody else created. The service I use to facilitate this is Payhip, and in this article I’ll be sharing what I both like and dislike about the service based in my Payhip experience as a seller for 2+ years. Maria Wedel Payhip
My Payhip Expertise
If you’ve ever 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 client to select your product, pay for it, and also have it instantaneously delivered to them with whole hands-off automation. Payhip solves this issue.
Payhip is An e-commerce platform/website that gives users with the tools and solutions for hosting and promoting products straight to their customers online.
The Provider Was co-founded by Abs Farah and Kahin Farah and is now based in my capital city of London.
What are the benefits of utilizing Payhip?
Each online Platform differs, and I’ve used a few of them previously.
Having A platform that is so easy to use and one that does not require a massive amount of my time that is precious is of utmost importance.
Payhip will Save you a lot of time because everything is taken care of on the Payhip platform.
The Advantages that I’ve gained the most from utilizing Payhip comprise –
- EU VAT is cared for, and it is 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.
- Accessibility to analytics accounts.
- Access to marketing tools. You have the option to make Social and coupons discounts.
- Capability to signup, handle and reward your affiliates.
- Access to merchandise sharing programs . Plus you can embed Your product and purchase Now buttons right on your site or blog.
- The ability to set mailing lists so that your customers can Subscribe and remain up to date with your goods, and more.
- Immediate digital merchandise delivery via email link to customers.
What I Enjoy About Payhip
Let us get to the information. Following my two + year Payhip expertise, Here Is What I really like about the ceremony…
Upgrades Are Instantaneous
Payhip let us 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 clear some kind of holding period. When a customer makes a purchase, the money is immediately available on your accounts, and in case you’ve got the PayPal and Stripe apps installed on your mobile device, you are going to get notifications each time a sale happens. Maria Wedel Payhip
I happen to love this. The excitement of Seeing a sale that is brand new never gets old. In addition, it is great to wake up in the morning, reach to your phone, and also see that you made X amount of dollars while you’re sleeping, and it is all readily available for you to spend. The caveat to this is Stripe. If your customers card with Stripe, there will be a 3 day hold before the cash is available. That is all Stripe however — Payhip does not hold your money at all.
No Monthly Charges
One of the things that Payhip initially sold me is that there is no Monthly charges or installation charges — just a simple flat charge of 5% per purchase .
This was attractive to me Because, at the time, my readership was less than 1/10th of what it is now, and I wasn’t positive 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 audience, Payhip was the quickest solution that best match my situation.
Easy To Understand Analytics
Payhip’s back end offers an analytics page That enables you to see trades and earnings amounts relative to the day, week, month, year, or any other given selection. Best of all, it is a very simple and to-the-point report.
If you used Google Analytics or Facebook analytics, the amount of information you are instantly smacked in the face can be somewhat overwhelming, and a lot of it’s mostly useless too. Payhip just gives you exactly what you’re there to see — revenue information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip experience is The capacity to run promotions.
The codes can be for almost any percentage you’d Enjoy and for any (or all) products. They can run for whatever length you’d like (or even permanently,) and the code itself can even be customized to whatever series of text you would like.
I’ve found this to be helpful. Occasionally I’ll run 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 really do respond to limited time offers. Maria Wedel Payhip
Your Own Affiliate Program
Payhip Provides you the ability to let your Readers register 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 people To market your merchandise for you, the commissions paid will be well worthwhile and if they have a platform and an audience of their own they can tap into.
Easy Integration with Email Marketing
You’ll be, if you’re into marketing Able to easily incorporate Payhip with your email marketing provider so that whenever a sale is made, the email address of the purchaser could be added into a listing.
This is relatively small but I think it’s Pretty cool so I wish to give it a reference — if you desire, you can have Payhip postage the purchaser’s email address to the top left corner of every page of a PDF document they’ve bought.
So if someone intends to Purchase Your PDF Publication make it accessible for free somewhere else, they’ll have to be okay with their personal email address being available. I believe that’s a creative means of deterring pirating.
Upload Many Sorts of Files
Payhip is not Only a marketplace for ebooks — You can upload any kind of electronic file. Font files, video/audio documents, photos, software, etc..
Total Simplicity and Modern Design
1 thing that can not be overlooked whenever You are selling something is the way current your website looks. Individuals generally don’t trust websites which appear obsolete, myself included. If a site looks like it has not been updated because the web 2.0 days, I start to wonder if maybe I am in an abandoned building and putting my payment info to it’d pretty much be like throwing my money into a black hole.
That’s not the case with Payhip though. The Site has a layout that is very modern and easy. If you should buy a digital merchandise on the world wide web, this is exactly what you’d anticipate a checkout page by a business to look like. Maria Wedel Payhip
Another thing I like about Payhip is its own Overall simplicity. In the moment a visitor lands on your product page, Payhip remains out of the way. They display your images, sales copy, and just the critical info (such as price.) They do absolutely nothing to interfere with your purchase — no self-promotion whatsoever.
Eventually, what I actually enjoy about Payhip is That they don’t store customer payment info, meaning your clients’ payment details are safe. The payment is managed through Stripe or PayPal, and I prefer it this way as they’re large companies with lots of money to invest on security.
What I Dislike About Payhip
As much as I enjoy Payhip, it’s far from perfect. Here are some things that I dislike about the ceremony and would like to see enhanced…
No Mobile App
One thing that bugs me about Payhip is that They don’t possess a app. It’d be convenient to be able to open an app while I am out and about, and take a look during my data. You do this and can log into the site, but the website isn’t optimized for mobile devices.
I like Payhip, but this is a very Bad look in 2018. There is no reason you shouldn’t have a site optimized for mobile, and when you’ve got that, you ought to be able to easily turn the site itself right into it’s own app so users don’t need to manually sign in each time they want to check sales data. Users of Payhip encounter a platform when they’re on their cellular devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I’d like to see an capability that is added to indicate Other products similar to what the client is going to purchase. If they are buying a package of templates for $5, then I propose, or might provide a bundle of business card templates for a few extra bucks. This is something which websites like VistaPrint and Amazon do.
I can’t help but feel like there is a Great Deal of money Table — for both myself and Payhip — without this functionality. This could improve the Payhip encounter for both the vendor and the client.
Set On A Fixed Timezone
This one is frivolous, but I’d still Prefer to see it fixed.
Considering that Payhip is located at London, they have BST was set to by the timezone for the site. Since I’m found in the EST, I’ll occasionally check my analytics at 7PM or afterwards and see that I left 0 sales for the day since Payhip believes it’s midnight and its own information reflects that.
Again, this is a non-issue, however I Would like to observe the capability to adjust the website. Maria Wedel Payhip
More Flexibility with Coupon Codes
I know I raved about the voucher It’s not quite perfect, although code feature earlier.
As it stands, the advertising You can run through a voucher code is to get a percentage off. I’d like to have the ability to supply a dollar amount to set a sale price that is predetermined.
Right Now, if I Need to place a merchandise that is $27 On sale for $10, do the math to determine what percentage off would render the last cost and I have to break out the calculator. I believe this is unnecessary and could be made better.
When creating A brand new product in Payhip, you have access to innovative alternatives including —
- Make your product personal.
- Insert an ISBN (Internation Standard Book Number) for your eBook.
- Upload a few preview or sample pages.
- To how many copies of your product or eBook can be add a limitation number sold.
- Generate a license key that is unique .
Just how much does it cost?
Payhip will Cost you nothing or host your products. The website takes only 5% commission per trade fee.
Would I Recommend Payhip?
This leaves us with the burning question: after 2+ years as a vendor on Payhip, do you recommend it? Total, yes. I am very much a happy customer, 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’t justify spending $10+ per month for something like Gumroad, then yes, I would recommend Payhip. If you know that you’ll do at least $ 1,000 in sales every month and market a product or have a massive audience, you might want to check into something most cost-efficient.
As of the date of the writing, Payhip works On a flat fee of 5 percent of every sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 a month.
If you’re going to be selling $1,000 a month in total volume, the mathematics should (typically ) favor Payhip. But if you’re selling well into the thousands, you want to go with Gumroad or start looking into another alternative. That is dependent on the number of transactions it requires to achieve those sales numbers though, so make sure to crunch the numbers.
Personally, I love the Payhip Expertise and am very grateful for their solutions. I would like to see them continue to grow and succeed. Maria Wedel Payhip