Background Sell Digital Assets
Of all the ways of monetizing Articles that is blog, my favorite Strategy is Such as learning design templates and materials to make and sell products. I have discovered that it is extraordinarily more profitable than running ads and self explanatory products convert at a significantly greater rate than an affiliate product that somebody else created. The support I use to ease this can be Payhip, and in this post I will be discussing what I like and dislike about the service based on my Payhip expertise for a seller for 2+ years. Sell Digital Assets
My Payhip Expertise
If you’ve ever wanted to sell digital products Through your own site, you’ll need a means to facilitate trades — some sort of infrastructure that will allow a client to select your goods, pay for it, and have it instantaneously delivered to them with whole hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An that provides customers with the easiest tools and solutions for hosting and selling products to their clients online.
The company 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 is different, and I have used a few of them previously.
For me, having A stage that is easy to use and one that does not take a huge amount of my time that is precious is of utmost importance.
Payhip will Save a lot of time too 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, which can be a huge plus in my book.
- Affordable. The site takes zero charges asides From 5 percent per transaction when you sell a digital item.
- Accessibility to analytics reports.
- Access to advertising tools. You have the option to create Societal and coupons discounts.
- Ability to signup, manage and reward your affiliates.
- Access to merchandise sharing programs . Plus it is possible to embed Your product and Buy Now buttons right on your site or blog.
- The Capacity to set mailing lists so that your customers can Subscribe and remain up to date with your digital products, and more.
- Immediate digital product shipping via email link for customers.
What I Enjoy About Payhip
Let us get to the information. Following my 2 year Payhip experience, Here Is What I really like about the ceremony…
Upgrades Are Instantaneous
Payhip let’s your customers pay with PayPal Or from credit/debit card using Stripe, plus they do not cover monthly/weekly/quarterly or force you to wait around for them to clean some sort of holding period. When a customer makes a purchase, the cash is instantly available in your accounts, and if you have the PayPal and Stripe programs installed on your mobile device, you’ll get notifications each time a sale happens. Sell Digital Assets
I happen to love this. The excitement of Seeing a sale never gets older. It’s also good to wake up in the morning, reach to your telephone, and see you made X amount of dollars while you’re sleeping, and it is 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 before the money is available. This is all Stripe however — Payhip does not hold your cash at all.
No Monthly Fees
One of the things that Payhip initially sold me on is that there is no Monthly charges or installation charges — only a simple flat charge of 5 percent per sale.
This was attractive to me in 2016 Because, at the time, my readership was less than 1/10th of what it is now, and that I wasn’t positive that I was going to always sell enough product to warrant paying a monthly fee for a similar service such as Gumroad. As a relatively new blogger having a small audience, Payhip was the no-risk solution that best fit my scenario.
Easy To Know Analytics
Payhip’s back end Provides an page That lets you view trades and earnings amounts relative to this day, month, week, year, or any other given selection. Best of all, it is a to-the-point and very simple report.
If you used Google Analytics or Facebook analytics, the amount of data you’re instantly smacked in the face with can be somewhat overwhelming, and lots of it is largely useless also. Payhip just gives you exactly what you are there to view — sales information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip experience is By creating coupon codes promotions to conduct.
The codes may be Like and for any (or all) products. They could run for any length you’d like (or even indefinitely,) along with the code itself can even be customized to whatever series of text you desire.
I’ve found this to be somewhat helpful. Sometimes I will conduct a weekend marketing, place it on Facebook raise the post targeting a pixel audience and I don’t fail to go ROI positive by it. People do respond well to limited time offers. Sell Digital Assets
Your Own Affiliate Program
Payhip gives you the ability Readers register as an affiliate of your shop, and if someone buys a product with their custom affiliate link, you can grant.
This is useful since it allows people To sell your merchandise the commissions paid will be well worth it 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 email advertising, you will be Able to readily incorporate Payhip with your email advertising supplier that is preferred so that if a purchase is made, the purchaser’s email address could be added into a listing that is chosen.
That is small 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 buyer’s email address into the top left corner of every page of a PDF document they’ve purchased.
So if someone intends to buy your PDF Book make it available for free somewhere else, they’ll need to be fine with their personal email address being publicly accessible as well. I think that is a really creative means of deterring pirating.
Upload Most Kinds of Files
Payhip is a marketplace for ebooks — It’s possible to upload just about any sort of file. Font documents, video/audio documents, photographs, software, etc..
Overall Simplicity and Modern Design
1 thing that can’t be overlooked whenever You are selling something is how present your site appears. People generally don’t trust myself included. If a website looks like it has not been updated because the net 2.0 times, then I start to wonder if perhaps I am 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 the case with Payhip though. The Site has a design. In the event that you should purchase a merchandise on the world wide web, this is what you would anticipate a checkout page from a trustworthy business. Sell Digital Assets
Another thing that I enjoy about Payhip is its own Overall simplicity. In the a visitor lands on your product page, Payhip remains out of the way. They display your graphics, sales copy, and just the crucial info (like price.) They do nothing to interfere with your purchase — no self-promotion whatsoever.
Finally, what I actually enjoy about Payhip is That they do not store customer payment info, meaning your customers’ payment details are secure. The payment is completely handled through PayPal or Stripe, and I prefer it that way because they are successful companies with lots 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
1 thing that bugs me about Payhip is that They don’t possess a app. It would be convenient to be able to open an app while I’m out and about and have a look. You may log in to the website and do this, but the website is optimized for mobile devices.
I enjoy Payhip, but that is a really Lousy appearance in 2018. There is no reason you should not have a website optimized for mobile, and when you have that, you should be able to easily turn the site itself right into it’s own program so users do not need to manually sign in each time they would like to inspect sales data. Users of Payhip encounter a platform when they are on their cellular devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I’d really like to see an ability that is added to suggest Other products. If they’re buying a package of templates for $5, I could provide a bundle of business card templates or suggest some other similar product that could interest them that they previously didn’t know about. This is something that sites like Amazon and VistaPrint do.
I can not help but feel as though there’s a Great Deal of money Table — for both myself and Payhip — without this operation. This may enhance the Payhip experience for both the seller and the client.
Establish On A Fixed Timezone
This one is frivolous, but I Prefer to see it corrected.
Considering that Payhip is located at London, they have The functioning timezone for the site set to BST. Since I’m located in the EST, I will occasionally check my analytics at 7PM or afterwards and see that I made 0 earnings for the day since Payhip believes it is midnight and its own information reflects that.
This is a non-issue, but I Would like to see that the capability to adjust the website. Sell Digital Assets
More Flexibility with Coupon Codes
I know I raved about the coupon It is not quite perfect, although Code attribute earlier.
As it now stands, the promotion You’re able to run via a coupon code is to get a percentage off. I’d like to be able to offer a dollar amount to set a sale price that is predetermined.
At the moment, if I Need to put a $27 merchandise On sale for $10, do the math to figure out what percentage off will leave the cost at $10 and I must break out the calculator. I believe that is unnecessary and could be improved.
When creating A brand new product in Payhip, you have access to advanced options which include —
- Make your merchandise personal.
- Add an ISBN (Internation Standard Book Number) to your eBook.
- Publish sample pages or a couple of preview.
- To how many copies of your product or eBook could be, add a limit amount sold.
- Create a license key that is exceptional .
How much does this cost?
Payhip will Cost you or host your electronic products. The website takes only 5 percent commission per transaction 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 on your situation.
If you are a new blogger with a small audience And you can not justify spending $10+ per month to get something such as Gumroad, then yes, I would recommend Payhip. But in case you know that you’ll be doing at least $ 1,000 in sales each month and sell a product or have a massive audience, you might want to look into something.
As of the date of the writing, Payhip functions On a set fee of 5% of each sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 a month.
If you’re going to be selling less than $1,000 per month in total volume, the math should (in most cases) prefer Payhip. But if you’re selling well into the thousands, you need to decide on Gumroad or start looking into some other alternative. That is dependent on the number of transactions it takes to achieve those sales numbers so make certain that you crunch the numbers.
Personally, I absolutely love the Payhip Expertise and am very grateful for their solutions. I would like to see them continue to grow and succeed. Sell Digital Assets