Intro Payhip Stores
Of all the ways of monetizing Articles that is blog, my favorite Strategy is Like learning materials and design templates, to create and sell products. I’ve discovered that it is extraordinarily more profitable than running advertisements and products convert at a greater 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 discussing what I like and dislike about the service based on my Payhip experience for a seller for two + years. Payhip Stores
My Payhip Expertise
If you have ever wanted to market digital products Through your own site, you are going to need a means to facilitate trades — some sort of infrastructure that will allow a client to select your product, pay for it, and have it instantaneously delivered to them with whole hands-off automation. Payhip solves this issue.
Payhip is An that gives customers with solutions and the simplest tools for hosting and selling products 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 advantages of using Payhip?
Each online Platform differs, and I’ve used a few of these previously.
For me personally, having A platform that is easy to use and one that does not require a huge amount of my precious time is of utmost significance.
Payhip will Save a great deal of time also 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 taken care of, and it can be a huge plus in my book.
- Affordable. The website takes zero charges asides From 5% per trade when you sell a digital item.
- Access to analytics reports.
- Access to marketing tools. You have the option to make Coupons and societal discounts.
- Capability to signup, handle and reward your affiliates.
- Access to merchandise sharing programs . Plus it is possible to embed Your merchandise and purchase Now buttons on blog or your website.
- The ability to set mailing lists so that your clients can Subscribe and remain up to date with your digital products, and much more.
- Instant digital product shipping via email link to buyers.
What I Enjoy About Payhip
Let us get to the information. Following my two + year Payhip expertise, here’s what I love about the ceremony…
Payments 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 around for them to clear some kind of holding period. When a client makes a purchase, the cash is immediately available on your account, and if you have the PayPal and Stripe apps installed on your mobile device, you’ll receive notifications each time a sale occurs. Payhip Stores
I happen to appreciate this. The excitement of Seeing a sale never gets older. It’s also great to wake up in the morning, reach for your phone, and also see you made X number of dollars while you’re sleeping, and it’s all easily available for you to spend. The caveat to this is Stripe. If your customers pays by card with Stripe, there will be a three day hold before the cash is available. This is Stripe though — Payhip doesn’t hold your money in any way.
No Monthly Charges
Among the things that Payhip originally sold me on is that there is no Monthly fees or installation charges — only a simple flat fee of 5 percent per sale.
This was attractive to me back in 2016 Since, at the moment, my readership was less than 1/10th of what it’s now, and I wasn’t positive I was likely to consistently sell enough product to justify paying a monthly fee to get a similar service such as Gumroad. As a relatively new blogger having a small crowd, Payhip was the quickest solution that best match my situation.
Easy To Understand Analytics
Payhip’s back end Provides an page That lets you see transactions and earnings amounts relative to this day, week, month, year, or any other specified selection. Best of all, it is a report that is to-the-point and very simple.
If you used Google Analytics or Facebook analytics, the number of information you are immediately smacked in the face can be somewhat overwhelming, and a lot of it is mostly useless also. Payhip just provides you exactly what you are there to view — revenue information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip experience is By creating coupon codes promotions to run.
The codes may be for almost any percentage you would Enjoy and for any (or all) products. They can run for any duration you’d like (or even permanently,) along with the code itself may even be customized to whatever series of text you would like.
I have found this to be helpful. Occasionally I will conduct a weekend promotion, place it on Facebook, then raise the post targeting a pixel audience and I never fail to go ROI positive with it. People really do respond to limited time offers. Payhip Stores
Your Own Affiliate Program
Payhip gives you the ability Readers register as an affiliate of your store, and someone buys a product using their customized affiliate link, you can grant them a commission of whatever percent you would like.
This is useful because it allows other people To market your products for you, the commissions paid will be well worth it and if they have an audience of their own and a platform they can tap to.
Easy Integration with Email Marketing
You’ll be if you are into email advertising Able to easily incorporate Payhip with your email marketing supplier that is preferred so that if a sale is made, the email address of the purchaser can be added to a chosen listing.
That is relatively small but I think it’s Pretty cool so I wish to give it a mention — if you so desire, you can have Payhip postage the purchaser’s email address to the upper left corner of each page of a PDF document they have bought.
So if someone intends to Purchase Your PDF Book then make it publicly accessible 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 Many Sorts of Files
Payhip is a market for ebooks — It’s possible to upload virtually any kind of file. Font documents, video/audio documents, photos, software, etc..
Overall Simplicity and Modern Design
1 thing that can not be overlooked whenever You are selling something is your site appears. Individuals do not trust sites that appear outdated, myself included. If a website looks like it hasn’t been updated because the net 2.0 times, then I begin to wonder if maybe I am in an abandoned construction and placing my payment information to it’d pretty much be just 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 simple. In the event that you were to purchase a product on the internet, this is what you would expect a checkout page from a business to look like. Payhip Stores
Another thing that I like about Payhip is its In general simplicity. From the moment a visitor lands on your product page, Payhip stays out of the way. They display your images, sales copy, and just the crucial information (such as price.) They do nothing to interfere with your purchase — no self-promotion whatsoever.
Eventually, what I really like about Payhip is That they don’t store customer payment info, meaning that your clients’ payment details are safe. The payment is totally managed through PayPal or Stripe, and I prefer it that way as they’re large, successful companies with a lot of money.
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 enhanced…
No Mobile App
One thing that bugs me around Payhip is that They do not possess a app. It would be convenient to be able to start an app and take a look through my earnings data while I am out and around. You can log in to the website and do this, but the site is optimized for mobile devices.
I enjoy Payhip, but this is a very Bad appearance in 2018. There’s no reason you shouldn’t have a website optimized for cellular, and when you have that, you ought to be able to easily turn the website itself right into it’s own program so users don’t have to manually sign in every time they would like to inspect sales information. Let users of Payhip experience a platform when they are on their devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I’d like to see an ability that is added to suggest Other products. If they’re purchasing a bundle of templates for $5, then I propose, or could provide a bundle of business card templates to get a couple of dollars. This is something that websites like Amazon and VistaPrint do well.
I can’t help but feel as though there’s a lot of money being left on the Table — for both myself and Payhip — with no operation. This may enhance the Payhip experience for both the seller and the client.
Establish On A Fixed Timezone
This one is largely frivolous, but I Like to see it corrected.
Since Payhip is located in London, they’ve The timezone for the website place to BST. Since I am found in the EST, I will sometimes check my stats at 7PM or afterwards and see that I made 0 sales for the day since Payhip thinks it’s midnight and its information reflects that.
This is largely a non-issue, but I Would like to observe the ability to adjust the website. Payhip Stores
More Flexibility with Coupon Codes
I know I raved about the coupon Code feature earlier, but it is not perfect.
As it stands, the promotion You can run through a voucher code. I’d love to have the ability to offer a dollar amount from the original cost, or the ability to set a specified sale price.
At the moment, if I want to put a $27 merchandise On sale for $10, I must break out the calculator and manually do the math to figure out what percent off would leave the last price at $10. I believe that is unnecessary and may be improved.
When creating A brand new product in Payhip, you also have access to innovative options including —
- Make your merchandise private.
- Add an ISBN (Internation Standard Book Number) to your eBook.
- Upload sample pages or a few preview.
- Insert a limit number to the number of copies of market or your product can be sold.
- Generate a license key that is exceptional for each of your product/eBook sales.
How much does it cost?
Payhip will Cost you nothing or host your products. The website takes only 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 customer, but whether or not you ought to use it depends upon your situation.
If you are a blogger with a small audience And you can’t justify spending $10+ a month to get something like Gumroad, then yes, I would absolutely recommend Payhip. In case you know you’ll do at least $ 1,000 in sales every month and sell a product that is high-ticket or have a massive audience, you may want to check into something most cost effective.
As of the date of the writing, Payhip functions On a set 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 promoting less than $1,000 a month in total quantity, the math should (in most cases) prefer Payhip. But if you’re selling into the thousands, you need to go with Gumroad or look into another choice. That is largely dependent on the number of transactions it requires to reach those sales numbers so be sure that you crunch the numbers for yourself.
Personally, I love the Payhip Experience and am really thankful for their solutions. I would like to see them continue to grow and succeed. Payhip Stores