Of all the ways of monetizing blog content, my Strategy is Such as studying materials and design templates, to create and sell products. I’ve discovered that it’s extraordinarily more rewarding than running ads and products convert at a much higher rate compared to an affiliate product that someone else created. The service I use to facilitate this is Payhip, and this article I’ll be sharing what I both like and dislike about the ceremony based in my Payhip experience as a vendor for two + years. Reverbnation
My Payhip Expertise
If you wanted to market products Through your own site, you are going to need a way to facilitate trades — some kind of infrastructure which will enable a customer to select your goods, pay for it, and have it immediately delivered to them with whole hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An e-commerce platform/website that gives users with the easiest tools and options for hosting and selling products to their clients online.
The company Was co-founded by Abs Farah and Kahin Farah and is currently based in my capital city of London.
What are the advantages of using Payhip?
Each online Platform differs, and I have used a couple of these in the past.
Having A platform that is easy to use and one that doesn’t require a massive amount of my time that is valuable is of paramount significance.
Payhip will Save you a great deal 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 cared for, which is a huge plus in my book.
- Affordable. The website takes zero fees asides From 5 percent per trade when you sell a digital product.
- Access to analytics reports.
- Access to advertising tools. You have the option to make Social and coupons discounts.
- Ability to signup, manage and reward your own affiliates.
- Access to product sharing programs . Plus you can embed Your product and purchase Now buttons on blog or your site.
- The ability to set mailing lists so that your clients can Subscribe and stay current with your digital goods, and more.
- Immediate digital merchandise delivery via email link for customers.
What I Enjoy About Payhip
Let us get to the details. After my 2 year Payhip experience, Here Is What I really like about the ceremony…
Upgrades Are Instantaneous
Payhip let us your customers pay with PayPal Or by credit/debit card using Stripe, plus they do not pay out monthly/weekly/quarterly or make you wait around for them to clean some kind of holding period. When a customer makes a purchase, the money is instantly available on your accounts, and in case you have the PayPal and Stripe programs installed on your mobile device, you’ll get notifications each time a sale happens. Reverbnation
I happen to love this. The excitement of Seeing a sale never gets old. In addition, it is great to awake in the morning, reach to your telephone, and also see 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 customers pays by card with Stripe, there will be a three day hold before the cash is available. This is Stripe however — Payhip does not hold your money at all.
No Monthly Charges
Among the things that Payhip initially sold me is that there’s no Monthly fees or setup charges — just a simple flat charge of 5 percent per sale.
This was attractive to me in 2016 Since, at the moment, my readership was 1/10th of what it’s now, and that I wasn’t positive I was going to always sell enough product to justify paying a monthly fee for a similar service such as Gumroad. As a relatively new blogger having a little crowd, Payhip was the no-risk solution that best match my situation.
Simple To Know Analytics
Payhip’s back end offers an page That lets you see trades and earnings quantities relative to the day, month, week, year, or any other given selection. Best of all, it is a report that is to-the-point and simple.
If you have used Google Analytics or Facebook analytics, the number of data you are instantly smacked in the face can be somewhat overwhelming, and lots of it’s largely useless too. Payhip just provides you exactly what you’re there to view — sales data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip encounter is By producing coupon codes promotions to conduct.
The codes can be Like 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 desire.
I have found this to be very helpful. Sometimes I’ll conduct a weekend marketing, post it on Facebook, then boost the post targeting a pixel audience that is re-marketing and I never fail to go ROI positive with it. People do respond well to limited time offers. Reverbnation
Your Own Affiliate Program
Payhip gives you the capability to let your Readers sign up as an affiliate of your store, and you are able to grant them a commission of whatever percent you’d like, whenever someone buys a product with their custom affiliate link.
This is useful because it allows other Men and Women To market your merchandise for you, the commissions paid will be well worthwhile, and if they have a platform and an audience of their own they can tap into.
Easy Integration with Email Marketing
You’ll be if you’re into advertising Able to incorporate Payhip with your preferred email advertising provider so that a sale is made, the buyer’s email address could be added into a listing that is selected.
This is relatively small but I think it’s Pretty cool so I want to give it a mention — if you desire, you’ll have Payhip stamp the purchaser’s email address into the top left corner of each page of a PDF document they have purchased.
So if someone intends to buy your PDF Book subsequently make it publicly accessible for free somewhere else, they will have to be okay with their personal email address being publicly accessible. I believe that’s a creative means of deterring pirating.
Upload Most Sorts of Files
Payhip is not Only a marketplace for ebooks — You can upload any sort of file. Font documents, video/audio documents, photographs, software, etc..
Total Simplicity and Modern Design
One thing that can not be overlooked whenever You’re selling something is your website appears. Individuals generally don’t trust myself included. If a site looks like it hasn’t been updated because the net 2.0 days, I begin to wonder if maybe I’m in an abandoned construction and placing my payment info to it would 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. This is what you would expect a checkout page by a company to appear like, if you were to purchase a digital product on the world wide web. Reverbnation
Another thing that I like about Payhip is its Overall simplicity. From the very second a visitor lands on your product page, Payhip remains out of the way. They display your graphics, sales copy, and only the crucial info (such as price.) They do nothing to interfere with your sale — no self-promotion whatsoever.
Eventually, what I like about Payhip is That they do not store customer payment information, meaning your customers’ payment details are safe. The payment is managed through Stripe or PayPal, and I prefer it this way as they are successful companies with a lot of money to spend on top-shelf security.
What I Dislike About Payhip
As much as I like Payhip, it is far from perfect. Here are some things that I dislike about the service and would like to see enhanced…
No Mobile App
1 thing that bugs me about Payhip is that They do not possess a mobile program. It’d be convenient to be able to open an app and have a look through my earnings data while I’m out and about. You do so and may log in to the website, but the website isn’t optimized for mobile devices.
I like Payhip, but that is a very Bad appearance in 2018. There’s no reason you shouldn’t have a website optimized for cellular, and when you’ve got that, you should be able to easily turn the site itself right into it’s own program so users do not have to manually sign in each time they would like to check sales data. Users of Payhip experience a much better platform when they are on their devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I would like to see an ability to indicate Other products. By way of instance, if they’re purchasing a bundle of templates for $5, then I propose, or might offer a bundle of business card templates to get a few dollars. This is something which websites like VistaPrint and Amazon do well.
I can not help but feel as though there is a lot of money Table — for both myself and Payhip — without this operation. This could improve the Payhip encounter for both the seller and the customer.
Establish On A Fixed Timezone
This one is largely frivolous, but I’d still Like to see it fixed.
Since Payhip is located at London, they’ve BST was set to by the working timezone for the site. Since I am located in the EST, I’ll sometimes check my stats at 7PM or later and see that I left 0 earnings for the day because Payhip thinks it is midnight and its information reflects that.
This is a non-issue, however I Would like to see the capability to correct the website. Reverbnation
More Flexibility with Coupon Codes
I know I raved about the voucher Code feature but it’s not quite perfect yet.
As it currently stands, the sole promotion You’re able to run through a coupon code is to get a percent off. Ideally, I’d like to have the ability to supply a dollar amount off the price, or the capability to set a predetermined sale price.
At the moment, if I Need to place a product On sale for $10, I must break out the calculator and do the math to determine what percentage off would leave the price. I think this is unnecessary and may be made better.
When creating A new product in Payhip, you also have access to innovative alternatives including —
- Make your product private.
- Insert an ISBN (Internation Standard Book Number) to your eBook.
- Upload a sample or preview pages.
- To how many copies of your product or market could be Insert a limit amount sold.
- Create a license key that is unique for all your product/eBook sales.
Just how much does this cost?
Payhip will Cost you to set up or even host your electronic products. The site takes only 5 percent 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 happy client, 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+ per month to get something such as Gumroad, then yes, I would recommend Payhip. If you know that you’ll do at least $ 1,000 in sales each month and sell a product that is high-ticket or have a huge audience, you may want to check into something most cost effective.
As of this date of this writing, Payhip works 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 are going to be promoting $1,000 per month in total volume, the math should (typically ) prefer Payhip. But if you’re selling well into the thousands, you’ll probably need to decide on Gumroad or look into another choice. This is all dependent on the number of transactions it requires to reach those sales numbers though, so be certain to crunch the numbers.
Personally, I absolutely love the Payhip Expertise and am really thankful for their solutions. I would like to see them continue to grow and succeed. Reverbnation