Intro Online Digital Goods
Of All of the ways of monetizing content, my method is Such as studying materials and design templates to create and sell digital products. I’ve found that it’s extraordinarily profitable than running advertisements from networks like AdSense, and self-made products convert at a greater speed compared to an affiliate product that someone else created. The service I use to ease this can be Payhip, and this article I will be sharing what I both like and dislike about the service based in my Payhip experience as a vendor for two + years. Online Digital Goods
My Payhip Experience
If you have ever wanted to sell products Through your own site, you are going to need a way to facilitate trades — some sort of infrastructure that will allow a client to select your product, cover it, and also have it instantaneously delivered to them with complete hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An e-commerce platform/website that gives users with the simplest tools and solutions for hosting and selling digital products directly to their customers 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 advantages of utilizing Payhip?
Each online Platform differs, and I have used a few of these in the past.
For me personally, having A platform that is really easy to use and one that does not require a huge amount of my time that is valuable is of utmost significance.
Payhip will Save a great deal of time also because everything is taken care of on the Payhip platform.
The Benefits that I’ve gained the most from utilizing Payhip include –
- EU VAT is taken care of, and it is a huge plus in my book.
- Affordable. The website takes zero fees asides From 5 percent per transaction when you sell a item that is digital.
- Accessibility to analytics reports.
- Access to marketing tools. You have the option to create Societal and coupons discounts.
- Ability to signup, manage and reward your affiliates.
- Access to merchandise sharing tools. Plus it is possible to embed Your product and Buy Now buttons on blog or your own website.
- The Capacity to set mailing lists so that your clients can Subscribe and remain current with your digital goods, and much more.
- Instant digital merchandise delivery via email link to buyers.
What I Enjoy About Payhip
Let us get to the details. After my 2 year Payhip expertise, Here Is What I really like about the ceremony…
Payments Are Instantaneous
Payhip let’s your customers pay with PayPal Or by credit/debit card using Stripe, and they don’t pay out monthly/weekly/quarterly or make you wait for them to clear some sort of holding period. When a customer makes a purchase, the money is immediately available in your account, and if you have the PayPal and Stripe programs installed on your mobile device, you’ll get notifications whenever a sale occurs. Online Digital Goods
I happen to love this. The excitement of Seeing a sale never gets old. It’s also good to wake up in the morning, reach to your phone, and see that you made X amount of dollars while you were sleeping, and it’s all readily available for you to spend. The 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 in any way.
No Monthly Fees
One of those things that Payhip initially sold me on is that there is no Monthly charges or setup charges — only a simple flat charge of 5 percent per sale.
This was attractive to me back in 2016 Since, at the time, my readership was 1/10th of what it is now, and I wasn’t positive I was going to always sell enough product to warrant paying a monthly fee to get a similar service like Gumroad. As a relatively new blogger having a small audience, Payhip was the quickest solution that best fit my situation.
Simple To Know Analytics
Payhip’s back end offers an page That lets you view transactions and earnings quantities relative to this day, month, week, year, or some other specified selection. On top of that, it is a simple and to-the-point report.
If you used Google Analytics or Facebook analytics, the number of data you are immediately smacked in the face with can be somewhat overwhelming, and a lot of it’s largely useless also. Payhip just provides you what you are there to view — revenue data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip encounter is Promotions to run by creating coupon codes.
The codes may be Enjoy and for any (or all) products. They can run for any length you’d like (or even permanently,) and the code itself can even be customized to whatever string of text you would like.
I’ve found this to be very helpful. Sometimes I will run a weekend promotion, post it on Facebook, then boost the article targeting a pixel re-marketing audience and I never fail to go ROI positive by it. People do respond to limited time offers. Online Digital Goods
Your Own Affiliate Program
Payhip gives you the capability Readers sign up as an affiliate of your shop, and someone buys a product using their custom affiliate link, you can grant.
This is useful because it allows Men and Women To sell your products and if they have a platform and an audience of their own that they can tap into, the commissions paid will be worthwhile.
Easy Integration with Email Marketing
If you’re into advertising, you’ll be Able to readily incorporate Payhip along with your email advertising supplier that is chosen so that a purchase is made, the purchaser’s email address can be added to a listing.
That 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 upper left corner of every page of a PDF document they’ve purchased.
So if someone intends to Purchase Your PDF Book then make it accessible for free they’ll need to be fine with their private email address being publicly available also. I think that is a very creative way of deterring pirating.
Upload Many Kinds of Files
Payhip isn’t Only a marketplace for ebooks — It’s possible to upload just about any kind of file. Font documents, video/audio files, photos, software, etc..
Overall Simplicity and Modern Design
One thing that can not be overlooked whenever You’re selling something is how current your site looks. People do not trust myself included. If a site looks like it hasn’t been upgraded since the net 2.0 times, then I begin to wonder if perhaps I am in an abandoned construction and placing my payment information to it would pretty much be like throwing my money into a black hole.
That is not the case with Payhip though. The Site has a design. This is what you’d expect a checkout page from a company In the event that you should purchase a merchandise on the world wide web. Online Digital Goods
Another thing that I enjoy about Payhip is its own In general simplicity. In the a visitor lands on your product page, Payhip remains out of the way. They display your images, sales copy, and just the crucial information (like price.) They do nothing to interfere with your sale — no.
Finally, what I really like about Payhip is That they don’t store customer payment information, meaning that your customers’ payment details are safe. The payment is handled through PayPal or Stripe, and I prefer it that way because they’re big, successful companies with lots of money.
What I Dislike About Payhip
As much as I like 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
One thing that bugs me around Payhip is that They don’t possess a program. It would be convenient to have the ability to start an app while I’m out and about and have a look. The site isn’t even optimized for mobile devices, although you may log into the site and do so.
I like Payhip, but this is a really Bad appearance in 2018. There is no reason you should not have a site optimized for mobile, and once you’ve got that, you should be able to easily turn the site itself into it’s own app so users don’t have to manually register in each time they want to check sales data. Permit 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 would like to see an ability that is Extra to indicate Other products similar to what the client is about to buy. For instance, if they’re purchasing a bundle of templates for $5, I might provide a package of business card templates or suggest some other product that could interest them they previously didn’t know about. This is something which sites like VistaPrint and Amazon do very well.
I can not help but feel like there’s a Great Deal of money Table — for 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 Like to see it corrected.
Since Payhip is located at London, they have BST was set to by The functioning timezone for the entire site. Since I am located in the EST, I will occasionally check my stats at 7PM or afterwards and see that I left 0 sales for the day because Payhip believes it’s midnight and its own information reflects that.
Again, this is largely a non-issue, but I Would love to see that the capability to correct the site to your own timezone. Online Digital Goods
More Flexibility with Coupon Codes
I know I raved about the voucher It is not perfect yet, although code feature earlier.
As it stands, the promotion You’re able to run via a voucher code. I’d like to be able to supply a dollar amount off the cost, or the ability to set a sale price.
Right Now, if I want to place a $27 product Available for $10, I have to break out the calculator and do the math to figure out what percent off will leave the final price. I think this is unnecessary and may be made better.
When creating A brand new product in Payhip, you also have access to advanced alternatives which include —
- Make your product private.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Publish sample pages or a preview.
- Add a limitation amount to the number of copies of eBook or your product can be sold.
- Generate a license key that is unique for all your product/eBook revenue.
Just how much does this cost?
Payhip will Cost you or even host your electronic products. The website takes just 5 percent commission per trade fee.
Would I Recommend Payhip?
This leaves us with the burning question: after 2years as a seller on Payhip, do you recommend it? Total, yes. I am very much a satisfied customer, but whether you ought to use it depends on your situation.
If you are a new blogger with a small audience And you can’t justify spending $10+ a month to get something such as Gumroad, then yes, I would absolutely recommend Payhip. However, in case you sell a merchandise that is high-ticket or have a huge audience and know you’ll be doing at least $ 1,000 in sales each month, you may want to look into something most cost-efficient.
As of this date of the 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 less than $1,000 a month in total quantity, the mathematics should (in most cases) favor Payhip. But if you are selling well into the thousands, you’ll probably need to go with Gumroad or look into another choice. That is mostly dependent on the number of transactions it requires to reach those sales numbers so make certain that you crunch the numbers on your own.
Personally, I absolutely love the Payhip Experience and am very grateful for their services. I want to see them continue to grow and succeed. Online Digital Goods