Introduction Selling Digital Media
Of All of the ways of Creating content, my favorite Strategy is Such as learning design templates and materials, to create and sell products. I have found that it’s extraordinarily more profitable than running ads and products convert at a higher speed than an affiliate product that somebody else created. The support I use to ease this is Payhip, and this post I will be sharing what I like and dislike about the service based on my Payhip experience as a seller for two + years. Selling Digital Media
My Payhip Expertise
If you wanted to sell digital products Through your own website, you’ll want a way to facilitate transactions — some kind of infrastructure that will allow a customer to select your product, pay for it, and also have it instantaneously delivered to them with whole hands-off automation. Payhip solves this problem.
Payhip is An e-commerce platform/website that gives users with the tools and solutions for hosting and selling products to their customers 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 using Payhip?
Each online Platform is different, and I have used a few of them in the past.
For me personally, having A platform that is really easy to use and one that doesn’t take a huge amount of my time that is precious is of utmost significance.
Payhip will Save you a lot of time too because everything is taken care of on the Payhip platform.
The Benefits that I’ve gained the most from using Payhip comprise –
- EU VAT is cared for, and it can be a big plus in my book.
- Affordable. The site takes zero charges asides From 5% per transaction when you sell a item that is digital.
- Access to analytics reports.
- Access to marketing tools. You have the option to create Coupons and social discounts.
- Capability to signup, handle and reward your affiliates.
- Access to product sharing tools. Plus it is possible to embed Your product and Buy Now buttons directly on blog or your own site.
- The ability to setup mailing lists so that your clients can Subscribe and remain current with your products, and much more.
- Instant digital merchandise shipping via email link for customers.
What I Enjoy About Payhip
Let’s get to the information. Following my 2 year Payhip experience, Here Is What I love about the service…
Upgrades Are Instantaneous
Payhip let’s your customers pay with PayPal Or by credit/debit card using Stripe, and they do not pay out monthly/weekly/quarterly or force you to wait for them to clear some kind of holding period. When a customer makes a purchase, the cash is immediately available on your account, and in case you have the PayPal and Stripe apps installed on your mobile device, you are going to receive notifications whenever a sale occurs. Selling Digital Media
I happen to appreciate this. The excitement of Seeing a new sale never gets older. It’s also good to wake up in the morning, reach to your telephone, and see that you made X number 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 pays by card with Stripe, there’ll be a 3 day hold before the cash is available. This is Stripe though — Payhip does not hold your cash in any way.
No Monthly Charges
One of the things that Payhip originally sold me on is that there is no Monthly charges or setup charges — only a simple flat fee of 5% per sale.
This was attractive to me back in 2016 Since, at the moment, my readership was less than 1/10th of what it’s now, and that I was not positive that I was likely to consistently sell enough product to warrant paying a monthly fee to get a similar service such as Gumroad. As a relatively new blogger with a little audience, Payhip was the quickest solution that best fit my scenario.
Simple To Understand Analytics
Payhip’s back end Provides an analytics page That enables you to see transactions and earnings amounts relative to this day, month, week, year, or some other given range. On top of that, it is a report.
If you’ve ever used Google Analytics or Facebook analytics, the amount of data you’re instantly smacked in the face with can be a bit overwhelming, and a lot of it’s largely useless also. Payhip just gives you what you are there to view — sales data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip experience is By producing coupon codes, promotions to conduct.
The codes may be for almost any percentage you’d Enjoy and for any (or all) products. They can run for any duration you’d like (or even permanently,) along with the code itself can even be customized to whatever string of text you would like.
I have found this to be useful. Sometimes I’ll conduct a weekend promotion, post it on Facebook, then boost the article 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. Selling Digital Media
Your Own Affiliate Program
Payhip gives you the capability to let your Readers sign up as an affiliate of your shop, and you are able to grant them a commission of whatever percent you would like, whenever someone buys a product with their customized affiliate link.
This is useful because it allows other people To market your products for you, the commissions paid will be worth it and should they have a platform and an audience of their own they can tap to.
Easy Integration with Email Marketing
You will be if you are into advertising Able to readily integrate Payhip along with your email advertising provider so that whenever a purchase is made, the purchaser’s email address can 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 reference — if you desire, you can have Payhip postage the buyer’s email address into the upper left corner of each page of a PDF document they’ve purchased.
So if someone plans to Purchase Your PDF Book subsequently make it available for free they’ll need to be okay with their private email address being available as well. I believe that is a really creative way of deterring pirating.
Upload Most Sorts of Files
Payhip is a marketplace for ebooks — It’s possible to upload any kind of electronic file. Font files, video/audio files, photos, software, etc..
Overall Simplicity and Modern Design
One thing that can not be overlooked whenever You are selling something is your website appears. People don’t trust websites that look obsolete, myself included. If a site looks like it has not been updated because the net 2.0 times, then I start to wonder if maybe I am in an abandoned building and placing my payment information to it’d pretty much be just like throwing my money into a black hole.
That’s not true with Payhip though. The Website has a layout that is simple and very contemporary. This is what you’d expect a checkout page by a trustworthy business, In the event that you were to purchase a product on the world wide web. Selling Digital Media
Another thing I enjoy about Payhip is its Overall simplicity. From the second a visitor lands on your product page, Payhip stays out of the way. They display your graphics, sales copy, and only the critical info (such as price.) They do nothing to interfere with your sale — no.
Eventually, what I like about Payhip is That customer payment info isn’t stored by them, meaning your clients’ payment details are secure. The payment is completely managed through PayPal or Stripe, and I prefer it that way as they are big, successful companies with a lot of cash to invest on security.
What I Dislike About Payhip
As much as I enjoy Payhip, it’s far from perfect. Here are some items that I dislike about the ceremony and would like to see enhanced…
No Mobile App
1 thing that bugs me about Payhip is that They don’t have a app. It’d be convenient to be able to open an app and take a look during my earnings data while I am out and about. The website is optimized for mobile devices, although you can log in to the site and do so.
I enjoy Payhip, but that is a very Lousy appearance in 2018. There’s no reason you should not have a site optimized for cellular, and once you have that, you should be able to easily turn the website itself right into it’s own program so users do not have to manually register in every time they want to check sales data. Let users of Payhip encounter a platform when they are on their devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I would really like to see an ability that is added to indicate Other products. If they are purchasing a bundle of templates for $5, then I might provide a bundle of business card templates or propose. This is something that sites like VistaPrint and Amazon do very well.
I can’t help but feel as though there is a Great Deal of money being left on the Table — for myself and Payhip — with no operation. This may enhance the Payhip encounter for both the customer and the seller.
Establish On A Fixed Timezone
This one is mostly frivolous, but I had still Prefer to see it corrected.
Since Payhip is located at London, they have The functioning timezone for the entire site set to BST. Since I’m located in the EST, I will sometimes check my stats at 7PM or afterwards and see that I made 0 sales for the day because Payhip thinks it is midnight and its own data reveals that.
Again, this is a non-issue, but I Would like to see that the ability to correct the site to your timezone. Selling Digital Media
More Flexibility with Coupon Codes
I know I raved about the coupon It is not quite perfect yet, although code feature earlier.
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 be able to supply a dollar amount off the price, or the ability to set a predetermined sale price.
At the moment, if I want to put a $27 merchandise Available for $10, do the math to determine what percentage off will render the cost at $10 and I have to break out the calculator. I believe that is unnecessary and could be improved.
When creating A brand new product in Payhip, you also have access to innovative options which include —
- Make your merchandise personal.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Upload a few sample or preview pages.
- Insert a limit amount to how many copies of your product or eBook can be sold.
- Create a unique license key for all your product/eBook sales.
Just how much does this cost?
Payhip will Cost you nothing or even host your products. The site takes just 5% commission per trade fee.
Would I Recommend Payhip?
This leaves us with the burning question: after two years as a vendor on Payhip, would you recommend it? Overall, yes. I am a happy client, but whether you should use it depends on your situation.
If you are a 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 know that you’ll do at least $ 1,000 in sales every month and market a high-ticket merchandise or have a huge audience, you may want to check into something.
As of this date of this writing, Payhip works On a set fee of 5% of each sale. Gumroad’s fee is now 3.5% + $0.30 per transaction + $10 per month.
If you are going to be promoting $1,000 per month in total volume, the mathematics should (in most cases) favor Payhip. But if you are selling well into the thousands, you’ll probably need to decide on Gumroad or start looking into some alternative. This is all largely dependent on how many transactions it requires to achieve those sales numbers so make certain that you crunch the numbers.
Personally, I absolutely love the Payhip Experience and am grateful for their services. I would like to see them continue to grow and succeed. Selling Digital Media