Intro Selling Digital Files On Etsy
Of All of the ways of monetizing blog content, my method is To create and sell electronic products. I have found that it is extraordinarily more profitable than running ads from networks such as AdSense, and products convert at a much greater rate than an affiliate product that someone else created. The service I use to facilitate this can be Payhip, and in this article I’ll be discussing what I both like and dislike about the service based on my Payhip experience as a seller for two + years. Selling Digital Files On Etsy
My Payhip Expertise
If you wanted to market digital products Through your own site, you are going to want a means to facilitate transactions — some kind of infrastructure which will enable a customer to select your product, pay for it, and have it immediately delivered to them with whole hands-off automation. Payhip solves this problem.
Payhip is An e-commerce platform/website that provides customers with the tools and solutions for hosting and promoting electronic products to their customers online.
The Provider Was co-founded by Abs Farah and Kahin Farah and is currently 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 previously.
For me, having A stage that is simple to use and one that doesn’t require a huge amount of my time that is precious is of paramount significance.
Payhip will Save you a lot of time because everything is cared for on the Payhip platform.
The Advantages that I’ve gained the most from utilizing Payhip include –
- EU VAT is taken care of, which is a big plus in my book.
- Affordable. The website takes zero charges asides From 5 percent per trade when you sell a digital item.
- Access to analytics accounts.
- Access to advertising tools. You have the option to create Societal and coupons discounts.
- Capability to signup, manage and reward your own affiliates.
- Access to product sharing programs . Plus you can embed Your merchandise and Buy Now buttons on your own website or blog.
- The ability to set mailing lists so that your clients can Subscribe and remain up to date with your products, and much more.
- Immediate digital product delivery via email link for buyers.
What I Enjoy About Payhip
Let’s get to the details. Following my two + year Payhip expertise, here’s what I love 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 cover monthly/weekly/quarterly or make you wait for them to clean some sort of holding period. When a client makes a purchase, the money is immediately available on your accounts, and if you’ve got the PayPal and also Stripe programs installed on your mobile device, you’ll get notifications whenever a sale happens. Selling Digital Files On Etsy
I happen to appreciate this. The excitement of Seeing a sale that is brand new never gets old. In addition, it is good to awake in the morning, reach for your phone, and also see you made X amount of dollars while you were sleeping, and it’s all readily available for you to spend. The caveat to this can be Stripe. If your customers card with Stripe, there’ll be a 3 day hold before the cash is available. That is all Stripe though — Payhip does not hold your cash at all.
No Monthly Charges
One of those things that Payhip initially sold me on is that there’s no Monthly charges or setup charges — just a simple flat fee of 5 percent per purchase .
This was attractive to me in 2016 Since, at the time, my readership was less than 1/10th of what it is now, and that I was not positive I was likely to consistently sell enough product to warrant paying a monthly fee for a similar service such as Gumroad. As a relatively new blogger having a little crowd, Payhip was the quickest solution that best fit my scenario.
Simple To Know Analytics
Payhip’s back end offers an analytics page That enables you to view trades and earnings amounts relative to this day, month, week, year, or any other specified selection. On top of that, it is a straightforward and to-the-point report.
If you used Google Analytics or Facebook analytics, the number of information you’re instantly smacked in the face with can be somewhat overwhelming, and lots of it’s largely useless too. Payhip just provides you exactly what you’re there to view — revenue data. 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 can be for any percentage you’d Enjoy and for any (or all) products. They could run for whatever length you want (or even indefinitely,) and the code itself can even be customized to whatever string of text you would like.
I have found this to be very helpful. Sometimes I will conduct a weekend promotion, post it on Facebook, then boost the post targeting a pixel audience and I don’t fail to go ROI positive by it. People really do respond well to limited time offers. Selling Digital Files On Etsy
Your Own Affiliate Program
Payhip gives you the ability to let your Readers sign up as an affiliate of your shop, and someone buys a product using their customized affiliate link, you can grant them a commission of whatever percentage you would like.
This is useful since it allows people To market your merchandise for you, the commissions paid will be worth it and if they have an audience of their own and a platform they can tap into.
Easy Integration with Email Marketing
You will be, if you’re into marketing Able to incorporate Payhip along with your email advertising provider that is chosen so that if a purchase is made, the email address of the purchaser could be added to a list that is chosen.
That is relatively minor but I think it’s Pretty cool so I wish to give it a reference — if you desire, you can have Payhip stamp the purchaser’s email address into the upper left corner of every page of a PDF document they have purchased.
So if someone intends to Purchase Your PDF Publication subsequently make it publicly available for free somewhere else, they’ll need to be okay with their email address being publicly accessible. I think that’s a creative means of deterring pirating.
Upload Many Sorts of Files
Payhip is a marketplace for ebooks — You can upload any kind of file. Font files, video/audio files, photographs, software, etc..
Overall Simplicity and Modern Design
1 thing that can not be overlooked whenever You are selling something is your website appears. People generally do not trust myself included. If a site looks like it hasn’t been updated because the web 2.0 times, then I begin to wonder if perhaps I’m in an abandoned building and putting my payment info into it’d pretty much be just like throwing my money into a black hole.
That’s not the case with Payhip though. The Website has a layout. This is what you’d anticipate a checkout page from a business to appear like, In the event that you were to purchase a digital product on the world wide web. Selling Digital Files On Etsy
Another thing I enjoy about Payhip is its Overall simplicity. In the a visitor lands on your product page, Payhip stays out of the way. They display your images, sales copy, and just the crucial info (such as price.) They do absolutely nothing to interfere with your purchase — no self-promotion whatsoever.
Eventually, what I really enjoy about Payhip is That they do not store customer payment info, meaning that your clients’ payment details are safe. The payment is handled through Stripe or PayPal, and I prefer it this way because they’re large, successful companies with lots of cash.
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
One thing that bugs me around Payhip is that They don’t have a mobile app. It’d be convenient to have the ability to start an app while I’m out and about and have a look. The website is optimized for mobile devices, although you may log in to the site and do this.
I enjoy Payhip, but that is a really Lousy look in 2018. There’s no reason you should not have a website optimized for cellular, and when you’ve got that, you ought to be able to easily turn the website itself right into it’s own app so users don’t need to manually register in every time they want to check sales data. Let users of Payhip encounter a much better platform when they’re on their devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I’d really like to see an capability that is added to suggest Other products similar to what the customer is about to purchase. For instance, if they’re buying a package of logo templates for $5, then I suggest, or might provide a bundle of business card templates to get a couple of added bucks. This is something which websites like Amazon and VistaPrint do.
I can not help but feel as though there’s a Great Deal of money Table — for myself and Payhip — with no functionality. This may enhance the Payhip experience for both the client and the seller.
Set On A Fixed Timezone
This one is mostly frivolous, but I Like to see it fixed.
Considering that Payhip is located at London, they’ve BST was set to by the timezone for the whole site. Since I’m found in the EST, I’ll sometimes check my stats at 7PM or afterwards and see that I made 0 earnings for the day since Payhip thinks it’s midnight and its own data reveals that.
This is a non-issue, however I Would love to see that the ability to adjust the site to your timezone. Selling Digital Files On Etsy
More Flexibility with Coupon Codes
I know I raved about the voucher It is not perfect yet, although code feature earlier.
As it stands, the promotion You’re able to run through a coupon code. Ideally, I’d love to be able to supply a dollar amount to set a predetermined sale price.
Right Now, if I Need to place a product Available for $10, I have to break out the calculator and manually do the math to determine what percentage off will leave the price at $10. I think that is unnecessary and may be improved.
When creating A new product in Payhip, you also have access to advanced alternatives which include —
- Make your product private.
- Insert an ISBN (Internation Standard Book Number) to your eBook.
- Publish sample pages or a preview.
- To the number of copies of your product or eBook could be, add a limitation amount sold.
- Generate a exceptional license key .
How much does it cost?
Payhip will Cost you to set up or even host your digital products. The website takes only 5% commission per trade fee.
Can I Recommend Payhip?
This leaves us with the burning question: after two years as a seller on Payhip, do you recommend it? Total, yes. I am a satisfied client, but whether or not you ought to use it depends on your own situation.
If you’re a new blogger with a small audience And you can not justify spending $10+ a month to get something such as Gumroad, then yes, I would recommend Payhip. However, in case you sell a merchandise that is high-ticket or have a massive audience 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 this writing, Payhip works 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 $1,000 a month in total quantity, the math should (in most cases) favor Payhip. But if you are selling well into the thousands, you are probably going to need to decide on Gumroad or start looking into another choice. That is mostly dependent on the number of transactions it takes to achieve those sales numbers so be certain that you crunch the numbers.
Personally, I absolutely love the Payhip Experience and am really thankful for their solutions. I would like to see them continue to grow and succeed. Selling Digital Files On Etsy