Introduction Mobi Editor
Of all the ways of Creating content, my favorite method is To create and sell electronic products such as studying layout templates and materials. I have discovered that it is extraordinarily profitable than running advertisements from networks such as AdSense, and products convert at a higher rate compared to an affiliate product that someone else created. The service I use to facilitate this can be Payhip, and in this article I will be discussing what I both like and dislike about the ceremony based in my Payhip expertise for a seller for 2+ years. Mobi Editor
My Payhip Experience
If you have ever wanted to market digital products Through your own website, you are going to want a means to facilitate transactions — some sort of infrastructure which will enable a client to select your goods, cover it, and have it immediately delivered to them with complete hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An e-commerce platform/website that gives customers with solutions and the tools for promoting products to their customers and hosting online.
The Provider Was co-founded by Abs Farah and Kahin Farah and is now based in my capital city of London.
Which are the advantages of utilizing Payhip?
Each online Platform differs, and I’ve used a few of these in the past.
Having A platform that is really simple to use and one that does not take a massive amount of my valuable time is of utmost significance.
Payhip will Save a great deal of time also 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, which 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.
- Access to analytics reports.
- Access to marketing tools. You have the option to create Coupons and social discounts.
- Capability to signup, manage and reward your own affiliates.
- Access to product sharing programs . Plus you can embed Buy and your product Now buttons on blog or your site.
- The Capacity to set mailing lists so that your customers can Subscribe and stay up to date with your products, and much more.
- Immediate digital product delivery via email link to buyers.
What I Like About Payhip
Let us get to the information. Following my 2+ year Payhip experience, Here Is What I love about the service…
Payments Are Instantaneous
Payhip let’s your customers pay with PayPal Or from credit/debit card using Stripe, plus they don’t pay out monthly/weekly/quarterly or make you wait around for them to clear some sort of holding period. When a customer makes a purchase, the money is immediately available in your account, and in case you’ve got the PayPal and also Stripe programs installed on your mobile device, you are going to receive notifications each time a sale happens. Mobi Editor
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 telephone, and see you made X amount of dollars while you were sleeping, and it is all easily available for you to spend. The only caveat to this is Stripe. If your customers pays by card using Stripe, there will be a three day hold before the cash is available. That is all Stripe however — Payhip doesn’t hold your cash in any way.
No Monthly Charges
One of those things that Payhip originally sold me on is that there’s no Monthly charges or setup charges — just a simple flat charge of 5% per sale.
This was appealing to me back in 2016 Since, at the moment, my readership was 1/10th of what it is now, and that I wasn’t positive that I was likely to always sell enough product to warrant paying a monthly fee for a similar service like Gumroad. As a relatively new blogger having a little crowd, Payhip was the no-risk solution that best fit my situation.
Simple To Understand Analytics
Payhip’s back end offers an analytics page That lets you view transactions and earnings amounts relative to this day, week, month, year, or some other specified selection. On top of that, it’s a straightforward and to-the-point report.
If you used Google Analytics or Facebook analytics, the number of information you’re instantly smacked in the face with can be somewhat overwhelming, and a lot of it is mostly useless too. Payhip just gives you exactly what you’re there to view — revenue data. 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 Enjoy and for any (or all) products. They can run for whatever duration you’d like (or even permanently,) and the code itself can even be customized to whatever series of text you desire.
I’ve found this to be very helpful. Sometimes I will conduct a weekend promotion, place it on Facebook raise the post targeting a pixel audience that is re-marketing and I don’t fail to go ROI positive with it. People do respond to limited time offers. Mobi Editor
Your Own Affiliate Program
Payhip gives you the capability to let your Readers register as an affiliate of your shop, and you can grant whenever someone purchases a product with their customized affiliate link.
This is useful because it allows other Men and Women To market your products for you, the commissions paid will be well worthwhile, and should they have a platform and an audience of their own they can tap into.
Easy Integration with Email Marketing
If you are into email advertising, you’ll be Able to easily incorporate Payhip with your email advertising provider that is preferred so that a sale is made, the email address of the purchaser could be added to a listing that is chosen.
That is relatively minor but I think it’s Pretty cool so I want to give it a reference — if you so desire, you’ll have Payhip stamp the buyer’s email address to the top left corner of every page of a PDF document they have purchased.
So if someone plans to Purchase Your PDF Book make it publicly available for free somewhere else, they will have to be okay with their email address being publicly accessible. I think that’s a creative way of deterring pirating.
Upload Most Kinds of Files
Payhip is not Only a marketplace for ebooks — It’s possible to upload any sort of file. Font files, video/audio files, photographs, software, etc..
Overall Simplicity and Modern Design
1 thing that can’t be overlooked whenever You are selling something is how present your site appears. Individuals don’t trust sites which look obsolete, myself included. If a site looks like it has not been updated because the web 2.0 times, then I begin to wonder if maybe I’m in an abandoned building and placing my payment information to it would pretty much be like throwing my money into a black hole.
That’s not true with Payhip though. The Website has a layout. This is exactly what you would anticipate a checkout page from a trustworthy business to look like, In the event that you should buy a digital merchandise on the internet. Mobi Editor
Another thing I like about Payhip is its In general simplicity. From the a visitor lands on your product page, Payhip stays out of the way. They display your images, sales copy, and only the crucial info (like price.) They do nothing to interfere with your purchase — no self-promotion whatsoever.
Eventually, what I like about Payhip is That they don’t store customer payment information, meaning that your customers’ payment details are safe. The payment is totally handled through Stripe or PayPal, and I prefer it that way because they’re successful companies with a lot of money to spend 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 service and would like to see improved…
No Mobile App
One thing that bugs me about Payhip is that They do not have a program. It would be convenient to be able to start an app while I am out and around and have a look during my data. The website isn’t optimized for mobile devices, although you may log into the website and do so.
I like Payhip, but that is a very Lousy appearance in 2018. There’s no reason you should not have a site optimized for cellular, and when you’ve got that, you should be able to easily turn the website itself into it’s own app so users don’t have to manually sign in every time they would like to inspect sales information. Let users of Payhip encounter a much better platform when they are on their mobile devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I’d like to see an capability to suggest Other products. For instance, if they are buying a bundle of templates for $5, then I could provide a package of business card templates or propose. This is something that websites like Amazon and VistaPrint do.
I can’t help but feel as though there is a lot of money Table — for both myself and Payhip — without this functionality. This may improve the Payhip encounter for both the vendor and the customer.
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 have The functioning timezone for the site place to BST. Since I’m located in the EST, I will sometimes check my stats at 7PM or later and see that I made 0 earnings for the day since Payhip believes it is midnight and its data reveals that.
This is largely a non-issue, however I Would like to see the ability to adjust the website to your timezone. Mobi Editor
More Flexibility with Coupon Codes
I know I raved about the voucher Code feature earlier, but it is not quite perfect just yet.
As it stands, the promotion You can run through a coupon code. I’d like to be able to supply a dollar amount to set a sale price.
At the moment, if I want to place a merchandise On sale for $10, do the math to determine what percentage off would render the price at $10 and I have to break out the calculator. I believe this is unnecessary and may be made better.
When creating A brand new product in Payhip, you also have access to innovative options including —
- Make your product personal.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Upload sample pages or a couple of preview.
- To how many copies of market or your product could be, add a limit amount sold.
- Create a license key that is exceptional .
Just how much does this cost?
Payhip will Cost you to set up or even 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 seller on Payhip, do you recommend it? Overall, yes. I am a happy customer, but whether you ought to use it depends upon your own situation.
If you are a blogger with a small audience And you can’t justify spending $10+ a month for something such as Gumroad, then yes, I would recommend Payhip. But in case you sell a merchandise that is high-ticket or have a massive audience and know that you’ll do at least $ 1,000 in sales every month, you may want to check into something most cost-efficient.
As of this date of this writing, Payhip works On a set fee of 5% of every sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 per month.
If you’re going to be promoting $1,000 per month in total quantity, the mathematics should (typically ) favor 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 alternative. That is largely dependent on the number of transactions it takes to achieve those sales numbers though, so be certain to crunch the numbers.
Personally, I love the Payhip Expertise and am very grateful for their solutions. I want to see them continue to grow and succeed. Mobi Editor