Intro Pricing Digital Products
Of All of the ways of Creating blog content, my method is To make and sell electronic products like studying design templates and materials. I have discovered that it is extraordinarily more rewarding than running ads from networks such as AdSense, and self-made products convert at a greater rate than an affiliate product that somebody else created. The service I use to ease this is Payhip, and this article I will be sharing what I both like and dislike about the ceremony based in my Payhip experience as a vendor for 2+ years. Pricing Digital Products
My Payhip Expertise
If you wanted to sell digital products Through your own website, you are going to want a means to facilitate trades — some kind of infrastructure that will allow a customer to select your product, pay for it, and also have it immediately delivered to them with whole hands-off automation. Payhip solves this issue.
Payhip is An that provides customers with the easiest tools and solutions for hosting and promoting electronic products to their clients online.
The Provider Was co-founded by Abs Farah and Kahin Farah and is currently based in my capital city of London.
What are the advantages of utilizing Payhip?
Each online Platform is different, and I have used a couple of these previously.
For me personally, having A platform that is really simple to use and one that does not require a massive amount of my time is of utmost significance.
Payhip will Save a lot of time 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 percent per transaction when you sell a item that is digital.
- Accessibility to analytics reports.
- Access to marketing tools. You have the option to make Societal and coupons discounts.
- Capability to signup, handle and reward your own affiliates.
- Access to merchandise sharing programs . Plus you can embed Your merchandise and Buy Now buttons on your website or blog.
- The ability to set mailing lists so that your customers can Subscribe and remain up to date with your digital goods, and more.
- Immediate digital merchandise shipping via email link for customers.
What I Like About Payhip
Let’s get to the details. Following my 2+ year Payhip experience, here’s what I love about the service…
Payments Are Instantaneous
Payhip let us your customers pay with PayPal Or from credit/debit card using Stripe, and they don’t pay out monthly/weekly/quarterly or force you to wait for them to clean some sort of holding period. When a client makes a purchase, the cash is immediately available on your accounts, and if you have the PayPal and Stripe apps installed on your mobile device, you’ll get notifications each time a sale occurs. Pricing Digital Products
I happen to love this. The excitement of Seeing a sale that is new never gets older. In addition, it is good to awake in the morning, reach to your phone, and also see that you made X number of dollars while you were sleeping, and it is all easily available for you to spend. The only 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 at all.
No Monthly Charges
One of those things that Payhip originally sold me is that there’s no Monthly charges or installation charges — just a simple flat fee of 5% per sale.
This was appealing to me Since, at the time, my readership was less than 1/10th of what it’s now, and I wasn’t positive that I was likely to always sell enough product to justify paying a monthly fee for a similar service such as Gumroad. As a relatively new blogger with a small audience, Payhip was the quickest solution that best fit my situation.
Easy To Know Analytics
Payhip’s back end Provides an page That lets you view transactions and earnings quantities relative to the day, week, month, year, or any other specified selection. On top of that, it is a very straightforward and to-the-point report.
If you’ve used Google Analytics or Facebook analytics, the number of information you are immediately smacked in the face can be a bit overwhelming, and lots of it’s mostly useless too. Payhip just provides you what you are there to see — revenue data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip experience is By creating coupon codes, promotions to conduct.
The codes may be Enjoy and for any (or all) products. They could run for whatever duration you’d like (or even indefinitely,) and the code itself may even be customized to whatever series of text you would like.
I have found this to be somewhat useful. Sometimes I’ll run a weekend marketing, post it on Facebook boost the article targeting a pixel audience that is re-marketing and I never fail to go ROI positive with it. People really do respond to limited time offers. Pricing Digital Products
Your Own Affiliate Program
Payhip gives you the ability Readers sign up as an affiliate of your store, and you are able to grant someone buys a product using their custom affiliate link.
This is useful because it allows other Men and Women 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 into.
Easy Integration with Email Marketing
If you are into marketing, you’ll be Able to easily integrate Payhip along with your preferred email marketing supplier so that if a sale is made, the email address of the purchaser could be added into a listing.
This is small but I think it’s Pretty cool so I want to give it a mention — if you so desire, you can have Payhip postage the buyer’s email address to the top left corner of each page of a PDF document they have bought.
So if someone intends to buy your PDF Book make it publicly available for free they will have to be okay with their email address being publicly available also. I think that is a creative way of deterring pirating.
Upload Most Sorts of Files
Payhip isn’t just a market for ebooks — It’s possible to upload any kind of electronic file. Font documents, video/audio files, photographs, software, etc..
Overall Simplicity and Modern Design
One thing that can’t be overlooked whenever You’re selling something is your website looks. Individuals don’t trust myself included. If a site looks like it hasn’t been updated because the net 2.0 days, I start to wonder if maybe I’m in an abandoned building and placing my payment information into it would pretty much be just like throwing my money into a black hole.
That’s not true with Payhip though. The Website has a easy and very modern layout. In the event that you were to buy a merchandise on the world wide web, this is what you’d expect a checkout page by a trusted company to look like. Pricing Digital Products
Another thing I like about Payhip is its own In general 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 crucial information (such as price.) They do nothing to interfere with your purchase — no self-promotion whatsoever.
Finally, what I actually enjoy about Payhip is That customer payment information isn’t stored by them, meaning that your clients’ payment details are secure. The payment is managed through PayPal or Stripe, and I prefer it this way because they’re successful companies with lots of cash to invest on top-shelf security.
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 have a mobile program. It’d be convenient to be able to start an app and have a look through my earnings data while I’m out and about. You may log into the site and do so, but the site isn’t even optimized for mobile devices.
I enjoy Payhip, but this is a really Lousy appearance in 2018. There’s no reason you should not have a website optimized for mobile, and when you have 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 check sales information. Users of Payhip encounter 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 capability to indicate Other products. If they’re buying a package of templates for $5, I could provide a bundle of business card templates to get a few dollars, or propose. This is something that websites like Amazon and VistaPrint do.
I can not help but feel like there is a Great Deal of money Table — for myself and Payhip — without this functionality. This could enhance the Payhip experience for both the customer and the seller.
Set On A Fixed Timezone
This one is largely frivolous, but I Like to see it fixed.
Considering that Payhip is located at London, they’ve The timezone for the whole site set to BST. Since I am located in the EST, I’ll occasionally check my analytics at 7PM or later and see that I made 0 sales for the day because Payhip thinks it’s midnight and its information reflects that.
Again, this is a non-issue, however I Would like to see that the ability to adjust the website. Pricing Digital Products
More Flexibility with Coupon Codes
I know I raved about the coupon It’s not quite perfect yet, although Code attribute earlier.
As it now stands, the sole promotion You’re able to run through a voucher code. Ideally, I’d like to have the ability to offer a dollar amount from the initial cost, or the ability to set a sale price that is specified.
At the moment, if I Need to put a product that is $27 On sale for $10, do the math to figure out what percentage off will leave the final price and I have to break out the calculator. I think this is unnecessary and could be made better.
When creating A new product in Payhip, you have access to advanced alternatives including —
- Make your merchandise private.
- Add an ISBN (Internation Standard Book Number) to your eBook.
- Upload sample pages or a preview.
- To the number of copies of your product or market could be Insert a limit amount sold.
- Generate a license key for each of your product/eBook revenue.
How much does it cost?
Payhip will Cost you to establish or even host your electronic products. The website takes only 5% commission per transaction fee.
Can I Recommend Payhip?
This leaves us with the burning question: after 2+ years as a seller on Payhip, would you recommend it? Total, yes. I am a customer, but whether or not you ought to use it depends upon your situation.
If you’re a blogger with a small audience And you can not justify spending $10+ per month to get something like Gumroad, then yes, I would recommend Payhip. However, if you have a massive audience or market a product and know you’ll do at least $1,000 in sales every month, you might want to look into something most cost effective.
As of the date of the writing, Payhip works On a flat fee of 5% of each sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 per month.
If you’re going to be selling less than $1,000 per month in total quantity, the math should (typically ) prefer Payhip. But if you’re selling well into the thousands, you are probably going to want to decide on Gumroad or look into some choice. This is mostly dependent on how many transactions it requires to reach those sales numbers, however, so make sure that you crunch the numbers.
Personally, I absolutely love the Payhip Experience and am very grateful for their solutions. I would like to see them continue to grow and succeed. Pricing Digital Products