Intro Payhip Imvu
Of all the ways of monetizing blog Articles, my method is Such as studying materials and design templates, to make and sell electronic products. I’ve discovered that it is extraordinarily more rewarding than running ads and self-made products convert at a higher rate than an affiliate product that someone else created. The service I use to ease this is Payhip, and this post I will be sharing what I like and dislike about the ceremony based on my Payhip expertise as a vendor for two + years. Payhip Imvu
My Payhip Expertise
If you wanted to sell products Through your own website, you’ll want a means to facilitate transactions — some sort of infrastructure that will allow a customer to select your goods, cover it, and also have it instantaneously delivered to them with whole hands-off automation. Payhip solves this problem.
What is Payhip?
Payhip is An e-commerce platform/website that gives customers with options and the tools for hosting and selling digital products directly to their customers 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 advantages of utilizing Payhip?
Each online Platform is different, and I have used a few of them in the past.
Having A platform that is really simple to use and one that doesn’t take a huge amount of my time that is precious is of utmost importance.
Payhip will Save you a lot of time because everything is cared for on the Payhip platform.
The Benefits that I’ve gained the most from using Payhip include –
- EU VAT is taken care of, and it can be a huge plus in my book.
- Affordable. The site takes zero charges asides From 5% per trade when you sell a item that is digital.
- Accessibility to analytics accounts.
- Access to marketing tools. You have the option to make Coupons and social discounts.
- Capability to signup, manage and reward your affiliates.
- Access to merchandise sharing tools. Plus it is possible to embed Your product and Buy Now buttons right on your own website or blog.
- The Capacity to set mailing lists so that your clients can Subscribe and stay current with your products, and much more.
- Immediate digital merchandise delivery via email link for buyers.
What I Like About Payhip
Let’s get to the details. After my two year Payhip expertise, Here Is What I love about the service…
Upgrades Are Instantaneous
Payhip let us your customers pay with PayPal Or by credit/debit card with Stripe, and they don’t cover monthly/weekly/quarterly or make you wait for them to clear some kind of holding period. When a customer makes a purchase, the cash is instantly available in your account, and in case you’ve got the PayPal and also Stripe apps installed on your mobile device, you are going to receive notifications whenever a sale occurs. Payhip Imvu
I happen to appreciate this. The excitement of Seeing a sale that is brand new never gets old. In addition, it is great to awake in the morning, reach for your telephone, and see you made X number of dollars while you were sleeping, and it’s all easily available for you to spend. The only caveat to this can be Stripe. If your clients card using Stripe, there’ll be a three day hold until the money is available. That is Stripe though — Payhip doesn’t hold your money at all.
No Monthly Charges
Among those things that Payhip initially sold me is that there is no Monthly fees or installation charges — just a simple flat charge of 5% per sale.
This was appealing to me in 2016 Since, at the moment, my readership was 1/10th of what it is now, and that I wasn’t positive I was going to always sell enough product to warrant paying a monthly fee to get a similar service such as Gumroad. As a relatively new blogger with a small crowd, Payhip was the quickest solution that best match my scenario.
Simple To Understand Analytics
Payhip’s back end Provides an analytics page That lets you view trades and earnings quantities relative to this day, month, week, year, or some other specified range. Best of all, it’s a to-the-point and simple report.
If you’ve used Google Analytics or Facebook analytics, the number of information you’re instantly smacked in the face with can be somewhat overwhelming, and lots of it is largely useless too. Payhip just provides you exactly what you are there to view — sales data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip experience is The capacity to run promotions by creating coupon codes.
The codes can be for any percentage you would Enjoy and for any (or all) products. They could run for any length you want (or even permanently,) along with the code itself may even be customized to whatever string of text you desire.
I’ve found this to be helpful. Sometimes I’ll conduct a weekend marketing, place it on Facebook raise the post targeting a pixel audience that is re-marketing and I don’t fail to go ROI positive by it. People do respond well to limited time offers. Payhip Imvu
Your Own Affiliate Program
Payhip Provides you the ability to let your Readers sign up as an affiliate of your shop, and you are able to award them a commission of whatever percentage you’d like someone buys a product with their custom affiliate link.
This is useful because it allows Men and Women To sell your products for you, the commissions paid will be well worthwhile and if they have an audience of their own and a platform that they can tap into.
Easy Integration with Email Marketing
If you are into marketing, you will be Able to incorporate Payhip with your chosen email marketing supplier so that if a purchase is made, the email address of the purchaser can be added to a list that is chosen.
This is relatively small but I think it’s Pretty cool so I want to give it a reference — if you desire, you can have Payhip postage the buyer’s email address into the top left corner of each page of a PDF document they’ve purchased.
So if someone intends to buy your PDF Publication make it available for free somewhere else, they will need to be okay with their private email address being publicly available. I think that is a very creative way of deterring pirating.
Upload Most Sorts of Files
Payhip is a market for ebooks — You can upload any kind of file. Font documents, video/audio files, photographs, software, etc..
Overall Simplicity and Modern Design
One thing that can not be overlooked whenever You’re selling something is how current your site appears. People generally don’t trust myself included. If a website looks like it has not been upgraded since the web 2.0 times, then I begin to wonder if perhaps I am in an abandoned construction and putting my payment information to it’d pretty much be just like throwing my money into a black hole.
That is not the case with Payhip though. The Site has a simple and very contemporary design. This is exactly what you’d expect a checkout page from a business to appear like if you should buy a merchandise on the internet. Payhip Imvu
Another thing I enjoy about Payhip is its own Overall simplicity. From the a visitor lands on your product page, Payhip remains out of the way. They display your images, sales copy, and just the critical information (like price.) They do absolutely nothing to interfere with your purchase — no self-promotion whatsoever.
Eventually, what I actually enjoy about Payhip is That they do not store customer payment info, meaning your customers’ payment details are safe. The payment is managed through PayPal or Stripe, and I prefer it this way because they’re large companies with lots of money to invest on top-shelf security.
What I Dislike About Payhip
As much as I enjoy 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 about Payhip is that They don’t possess a program. It would be convenient to have the ability to start an app while I am out and around and have a look. The website is optimized for mobile devices, although you do this and may log into the website.
I enjoy Payhip, but that is a really Bad look in 2018. There is no reason you should not have a site optimized for cellular, and once you have that, you should be able to easily turn the site itself right into it’s own app so users don’t need to manually register in each time they would like to check sales data. Let users of Payhip encounter a much better platform when they’re on their devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I would really like to see an capability that is added to suggest Other products similar to what the client is going to buy. If they are buying a bundle of templates for $5, then I could provide a bundle of business card templates to get a few bucks, or suggest some other product that could interest them they didn’t know about. This is something which sites like Amazon and VistaPrint do quite well.
I can not help but feel like there is a lot of money being left on the Table — for both myself and Payhip — without this functionality. This could improve the Payhip experience for both the seller and the client.
Establish On A Fixed Timezone
This one is frivolous, but I had still Prefer to see it fixed.
Considering that Payhip is located at London, they have The timezone for the entire site place to BST. Since I’m found in the EST, I’ll sometimes check my stats at 7PM or later and see that I made 0 earnings for the day because Payhip believes it is midnight and its information reflects that.
This is a non-issue, but I Would like to observe the ability to correct the site to your timezone. Payhip Imvu
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 sole promotion You’re able to run through a voucher code. I’d like to have the ability to offer a dollar amount to set a sale price that is predetermined.
At the moment, if I Need to put a $27 merchandise Available for $10, I must break out the calculator and manually do the math to determine what percentage off will render the last cost at $10. I believe this is unnecessary and could be improved.
When creating A new product in Payhip, you also have access to advanced alternatives which include —
- Make your merchandise private.
- Add an ISBN (Internation Standard Book Number) to your eBook.
- Publish sample pages or a few preview.
- Insert a limitation number to how many copies of your product or market could be sold.
- Create a unique license key for each of your product/eBook revenue.
How much does this cost?
Payhip will Cost you nothing to set up or even host your digital products. The website takes just 5% commission per transaction fee.
Would I Recommend Payhip?
This leaves us with the burning question: after 2years as a vendor on Payhip, do you recommend it? Overall, yes. I am very much a satisfied customer, but whether or not you ought to use it depends upon your situation.
If you are a new blogger with a small audience And you can not justify spending $10+ a month for something such as Gumroad, then yes, I would absolutely recommend Payhip. In case you know you’ll do at least $ 1,000 in sales every month and market a merchandise or have a huge audience, you might want to check into something.
As of the date of the writing, Payhip works On a set fee of 5 percent of every sale. Gumroad’s fee is now 3.5% + $0.30 per transaction + $10 a month.
If you are going to be promoting $1,000 per month in total quantity, the mathematics should (typically ) favor Payhip. But if you’re selling into the thousands, you are probably going to want to go with Gumroad or start looking into some alternative. That is all largely dependent on how many transactions it requires to achieve those sales numbers so be sure to crunch the numbers on your own.
Personally, I absolutely love the Payhip Experience and am grateful for their services. I want to see them continue to grow and succeed. Payhip Imvu