Background Novel Reading App
Of All of the ways of monetizing content, my Strategy is Such as learning layout templates and materials, to create and sell digital products. I have found that it’s extraordinarily profitable than running advertisements and products convert at a higher speed compared to an affiliate product that someone else created. The service I use to ease 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 for a seller for 2+ years. Novel Reading App
My Payhip Expertise
If you’ve ever wanted to sell digital products Through your own website, you’ll need a means to facilitate transactions — some kind of infrastructure which will enable a customer to select your product, cover it, and also have it instantaneously delivered to them with complete hands-off automation. Payhip solves this problem.
Payhip is An that gives users with options and the tools for promoting electronic products 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 utilizing Payhip?
Each online Platform differs, and I’ve used a couple of them previously.
For me, having A stage that is so simple to use and one that doesn’t take a massive amount of my time that is precious is of utmost 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 utilizing Payhip comprise –
- EU VAT is taken care of, and it is a big plus in my book.
- Affordable. The website takes zero fees asides From 5 percent per transaction when you sell a item.
- Accessibility to analytics reports.
- Access to advertising tools. You have the option to create Social and coupons discounts.
- Capability to signup, handle and reward your own affiliates.
- Access to product sharing programs . Plus it is possible to embed Your product and Buy Now buttons directly on your own site or blog.
- The ability to set mailing lists so that your clients can Subscribe and stay current with your products, and much more.
- Instant 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’s what I really like about the service…
Upgrades Are Instantaneous
Payhip let’s your customers pay with PayPal Or by credit/debit card using Stripe, plus they don’t pay out monthly/weekly/quarterly or force you to wait around for them to clean some sort of holding period. When a client makes a purchase, the money is instantly available in your accounts, and in case you’ve got the PayPal and also Stripe programs installed on your mobile device, you’ll get notifications each time a sale occurs. Novel Reading App
I happen to love this. The excitement of Seeing a sale that is new never gets old. It’s also good to awake in the morning, reach for your phone, and see that you made X number of dollars while you’re sleeping, and it’s all readily available for you to spend. The caveat to this is Stripe. If your clients pays by card with Stripe, there will be a three day hold before the cash is available. This is Stripe however — Payhip doesn’t hold your money in any way.
No Monthly Fees
One of those things that Payhip initially sold me is that there’s no Monthly charges or installation charges — only a simple flat charge of 5% per purchase .
This was appealing to me in 2016 Because, at the moment, my readership was 1/10th of what it’s now, and I was not positive I was going to consistently sell enough product to justify paying a monthly fee for a similar service such as Gumroad. As a relatively new blogger having a little audience, Payhip was the quickest solution that best match my situation.
Simple To Know Analytics
Payhip’s back end offers an page That lets you see trades and earnings amounts relative to the day, month, week, year, or any other specified range. Best of all, it’s a straightforward and to-the-point report.
If you’ve ever used Google Analytics or Facebook analytics, the amount of data you’re immediately smacked in the face can be a bit overwhelming, and a lot of it is largely useless too. Payhip just provides you what you are there to see — sales data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip experience is The ability to run promotions by producing coupon codes.
The codes can be Like and for any (or all) products. They could run for whatever length you want (or even permanently,) along with the code itself can even be customized to whatever string of text you would like.
I’ve found this to be helpful. Sometimes I will 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 by it. People really do respond well to limited time offers. Novel Reading App
Your Own Affiliate Program
Payhip Provides you the capability to let your Readers sign up as an affiliate of your shop, and you are able to award them a commission of whatever percent you’d like someone buys a product using their customized affiliate link.
This is useful because it allows other people To market your merchandise for you, and if they have a stage and an audience of their own they can tap into, the commissions paid will be worthwhile.
Easy Integration with Email Marketing
If you’re into email advertising, you’ll be Able to readily integrate Payhip with your email marketing provider so that if a sale is made, the purchaser’s email address can be added to a list.
This is relatively minor but I think it’s Pretty cool so I want to give it a reference — if you desire, you can have Payhip postage the purchaser’s email address to the top left corner of each page of a PDF document they’ve bought.
So if someone plans to buy your PDF Publication make it accessible for free they’ll have to be fine with their email address being publicly accessible also. I think that’s a way of deterring pirating.
Upload Most Sorts of Files
Payhip isn’t Only a marketplace for ebooks — It’s possible to upload just about any sort of digital file. Font files, video/audio documents, photographs, software, etc..
Total Simplicity and Modern Design
One thing that can’t be overlooked whenever You’re selling something is the way current your website appears. Individuals generally don’t trust sites that look obsolete, myself included. If a site looks like it hasn’t been upgraded since the web 2.0 days, I begin to wonder if perhaps I’m in an abandoned building and putting my payment information into it would pretty much be like throwing my money into a black hole.
That’s not the case with Payhip though. The Website has a design. This is exactly what you’d expect a checkout page by a trusted company, if you should purchase a product on the internet. Novel Reading App
Another thing I enjoy about Payhip is its own Overall 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 critical information (such as price.) They do nothing to interfere with your purchase — no self-promotion whatsoever.
Eventually, what I really enjoy about Payhip is That they do not store customer payment info, meaning that your customers’ payment details are safe. The payment is totally managed through Stripe or PayPal, and I prefer it this way because they are big, successful companies with lots of cash to invest on top-shelf security.
What I Dislike About Payhip
As much as I enjoy Payhip, it’s far from perfect. Here are some items that I dislike about the ceremony and would like to see improved…
No Mobile App
1 thing that bugs me around Payhip is that They don’t have a app. It’d be convenient to be able to open an app and take a look while I’m out and about. The site isn’t even optimized for mobile devices, although you can log in to the website and do so.
I enjoy Payhip, but that is a really Bad appearance in 2018. There’s no reason you should not have a website optimized for cellular, and when you’ve got that, you ought to be able to easily turn the site itself into it’s own app so users don’t need to manually register in every time they want to inspect sales information. Let users of Payhip experience a platform when they’re on their devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I’d really like to see an ability that is added to suggest Other products. By way of example, if they are purchasing a bundle of templates for $5, then I suggest, or could provide a package of business card templates to get a couple of extra dollars. This is something that sites like VistaPrint and Amazon do.
I can not help but feel as though there’s a lot of money being left on the Table — for both myself and Payhip — without this functionality. This may enhance the Payhip experience for both the vendor and the client.
Establish On A Fixed Timezone
This one is largely frivolous, but I Like to see it corrected.
Considering that Payhip is located at London, they’ve The functioning timezone for the whole website set to BST. Since I am located in the EST, I will sometimes check my analytics at 7PM or later and see that I left 0 earnings for the day because Payhip thinks it is midnight and its own data reflects that.
Again, this is mostly a non-issue, however I Would love to see the capability to correct the site. Novel Reading App
More Flexibility with Coupon Codes
I know I raved about the voucher It is not perfect, although code feature earlier.
As it now stands, the promotion You’re able to run via a coupon code. I’d like to be able to offer a dollar amount to set a sale price that is predetermined.
Right Now, if I want to put a merchandise On sale for $10, manually do the math to determine what percentage off would leave the final cost at $10 and I must break out the calculator. I think this is unnecessary and could be improved.
When creating A brand new product in Payhip, you also have access to innovative options which include —
- Make your product personal.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Publish sample pages or a few preview.
- Add a limit amount sold.
- Generate a license key .
How much does this cost?
Payhip will Cost you to establish or even host your electronic products. The site takes just 5% commission per transaction fee.
Would I Recommend Payhip?
This leaves us with the burning question: after two years as a seller on Payhip, would you recommend it? Total, yes. I am very much a satisfied client, but whether or not you should use it depends on your situation.
If you’re a new blogger with a small audience And you can’t justify spending $10+ a month for something like Gumroad, then yes, I would recommend Payhip. But if you know that you’ll be doing at least $ 1,000 in sales every month and market a merchandise that is high-ticket or have a massive audience, you might want to look into something most cost effective.
As of this date of the writing, Payhip works On a set fee of 5% of each sale. Gumroad’s fee is now 3.5% + $0.30 per transaction + $10 a month.
If you’re going to be selling less than $1,000 a month in total quantity, the mathematics should (in most cases) prefer Payhip. But if you’re selling well into the thousands, you’ll probably need to decide on Gumroad or look into some alternative. This is largely dependent on how many transactions it requires to reach those sales numbers so be sure to crunch the numbers for yourself.
Personally, I love the Payhip Expertise and am grateful for their solutions. I would like to see them continue to grow and succeed. Novel Reading App