Intro Sell Buy
Of all the ways of monetizing content, my method is To create and sell electronic products such as studying design templates and materials. I’ve discovered that it’s extraordinarily rewarding than running ads and self-made products convert at a much higher rate compared to an affiliate product that someone else created. The support I use to ease this can be Payhip, and this article I will be sharing what I like and dislike about the service based on my Payhip expertise as a vendor for two + years. Sell Buy
My Payhip Expertise
If you have ever wanted to market digital products Through your own website, you are going to need a means to facilitate trades — some sort of infrastructure which will enable a client to select your goods, pay for it, and have it immediately delivered to them with complete hands-off automation. Payhip solves this problem.
Payhip is An that gives customers with the simplest tools and solutions for promoting products directly to their customers and hosting 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’ve used a couple of these in the past.
For me personally, having A platform that is easy to use and one that does not require a huge amount of my time is of paramount importance.
Payhip will Save you a great deal of time because everything is cared for on the Payhip platform.
The Advantages that I’ve gained the most from using Payhip comprise –
- EU VAT is cared for, which can be a big plus in my book.
- Affordable. The website takes zero charges asides From 5% per transaction when you sell a item.
- Access to analytics accounts.
- Access to advertising tools. You have the option to make Coupons and social discounts.
- Capability to signup, handle and reward your affiliates.
- Access to product sharing tools. Plus it is possible to embed Purchase and your merchandise Now buttons on blog or your own site.
- The Capacity to set mailing lists so that your customers can Subscribe and stay current with your digital goods, and much more.
- Immediate digital merchandise delivery via email link for buyers.
What I Enjoy About Payhip
Let’s get to the information. After my 2+ year Payhip expertise, Here Is What I really like about the service…
Upgrades Are Instantaneous
Payhip let’s your customers pay with PayPal Or by credit/debit card with Stripe, plus they do not cover monthly/weekly/quarterly or force you to wait for them to clean some sort of holding period. When a customer makes a purchase, the cash is immediately available in your account, and if you have the PayPal and Stripe programs installed on your mobile device, you are going to receive notifications whenever a sale happens. Sell Buy
I happen to love this. The excitement of Seeing a sale never gets older. In addition, it is good to wake up in the morning, reach to your telephone, and also see you made X amount of dollars while you’re sleeping, and it is all readily available for you to spend. The only caveat to this is Stripe. If your clients pays by card using Stripe, there will be a three day hold before the cash is available. This is all Stripe though — Payhip does not hold your money in any way.
No Monthly Charges
Among the things that Payhip initially sold me on is that there’s no Monthly charges or setup charges — only a simple flat fee of 5 percent per sale.
This was attractive to me back Because, at the time, my readership was 1/10th of what it’s now, and that I wasn’t positive that I was going to consistently sell enough product to warrant paying a monthly fee for a similar service like Gumroad. As a relatively new blogger having a small crowd, Payhip was the no-risk solution that best match my situation.
Simple To Understand Analytics
Payhip’s back end Provides an analytics page That lets you view transactions and earnings amounts relative to the day, week, month, year, or any other given range. Best of all, it’s a report.
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’s mostly useless also. Payhip just gives 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 Promotions to run by producing coupon codes.
The codes may be for any percentage you’d Like and for any (or all) products. They can run for whatever duration you’d like (or even permanently,) and the code itself can even be customized to whatever string of text you would like.
I have found this to be useful. Occasionally I will conduct a weekend promotion, post it on Facebook, then boost the article targeting a pixel re-marketing audience and I don’t fail to go ROI positive by it. People do respond to limited time offers. Sell Buy
Your Own Affiliate Program
Payhip gives you the capability to let your Readers register as an affiliate of your shop, and if someone purchases a product using their customized affiliate link, you are able to grant them a commission of whatever percentage you would like.
This is useful since it allows other Men and Women To sell your merchandise for you, and should they have a stage and an audience of their own that they can tap to, the commissions paid will be well worth it.
Easy Integration with Email Marketing
You’ll be if you’re into email marketing Able to incorporate Payhip along with your email marketing supplier that is preferred so that if a purchase is made, the email address of the purchaser could be added into a listing that is chosen.
This is minor but I think it’s Pretty cool so I want to give it a reference — if you so desire, you’ll have Payhip stamp the purchaser’s email address into the upper left corner of each page of a PDF document they have purchased.
So if someone plans to Purchase Your PDF Publication make it accessible for free they’ll have to be okay with their personal email address being publicly available. I believe that is a very creative way of deterring pirating.
Upload Most Sorts of Files
Payhip is a market for ebooks — You can upload any sort of file. Font documents, video/audio files, photographs, software, etc..
Total Simplicity and Modern Design
One thing that can not be overlooked whenever You are selling something is your site appears. Individuals generally do not trust myself included. If a site looks like it hasn’t been updated since the web 2.0 days, I begin to wonder if maybe I am in an abandoned construction and putting my payment information to it’d pretty much be like throwing my money into a black hole.
That’s not true with Payhip though. The Website has a very modern and simple layout. This is exactly what you would expect a checkout page by a business to look like if you were to purchase a product on the world wide web. Sell Buy
Another thing I like about Payhip is its 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 absolutely nothing to interfere with your purchase — no.
Finally, what I really enjoy about Payhip is That they do not store customer payment info, meaning your clients’ payment details are secure. The payment is handled through PayPal or Stripe, and I prefer it this way because they’re successful companies with a lot of money.
What I Dislike About Payhip
As much as I like Payhip, it is far from perfect. Here are some items that I dislike about the service and would like to see improved…
No Mobile App
1 thing that bugs me around Payhip is that They do not possess a mobile program. It would be convenient to be able to start an app and take a look while I am out and around. You do this and may log in to the site, but the site isn’t optimized for mobile devices.
I like Payhip, but that is a very Lousy look in 2018. There is no reason you shouldn’t have a website optimized for mobile, and when you have that, you ought to be able to easily turn the site itself right into it’s own app so users do not have to manually sign in every time they would like to inspect sales information. Users of Payhip experience a platform when they’re on their devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I’d like to see an capability to indicate Other products. By way of example, if they’re buying a package of templates for $5, I might offer a bundle of business card templates to get a few extra dollars, or propose. This is something that websites like Amazon and VistaPrint do.
I can not help but feel as though there is a Great Deal of money being left on the Table — for both myself and Payhip — with no operation. This could improve the Payhip experience for both the customer and the seller.
Set On A Fixed Timezone
This one is frivolous, but I Prefer to see it fixed.
Since Payhip is located at London, they’ve BST was set to by the timezone for the site. Since I’m located in the EST, I’ll sometimes check my analytics at 7PM or afterwards and see that I left 0 sales for the day since Payhip believes it’s midnight and its own data reveals that.
Again, this is a non-issue, however I Would love to see the capability to correct the site to your own timezone. Sell Buy
More Flexibility with Coupon Codes
I know I raved about the voucher Code feature but it is not quite perfect yet.
As it now stands, the sole advertising You can run through a voucher code. Ideally, I’d like to have the ability to supply a dollar amount to set a specified sale price.
Right Now, if I Need to put a product that is $27 On sale for $10, do the math to determine what percentage off would render the price at $10 and I must break out the calculator. I think this is unnecessary and may be improved.
When creating A new product in Payhip, you also have access to innovative options including —
- Make your product personal.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Upload a couple of preview or sample pages.
- Add a limit number to the number of copies of your product or eBook could be sold.
- Create a license key that is unique .
How much does it cost?
Payhip will Cost you to set up or even host your electronic products. The website takes just 5 percent commission per transaction fee.
Would I Recommend Payhip?
This leaves us with the burning question: after two + years as a seller on Payhip, would you recommend it? Total, yes. I am a happy customer, but whether or not you should use it depends upon your situation.
If you’re a new blogger with a small audience And you can’t justify spending $10+ per month for something such as Gumroad, then yes, I would recommend Payhip. In case you market a merchandise that is high-ticket or have a huge audience and know you’ll be doing at least $ 1,000 in sales every month, you may want to look into something most cost-efficient.
As of this date of this writing, Payhip functions 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 volume, the mathematics should (typically ) favor Payhip. But if you’re selling well into the thousands, you need to decide on Gumroad or start looking into some alternative. That is largely dependent on how many transactions it takes to reach those sales numbers, however, so make sure to crunch the numbers.
Personally, I love the Payhip Expertise and am very grateful for their services. I want to see them continue to grow and succeed. Sell Buy