Background Top Selling Digital Products
Of All of the ways of monetizing content that is blog, my favorite Strategy is Such as learning materials and design templates to make and sell digital products. I have discovered that it is extraordinarily rewarding than running advertisements and self-made products convert at a greater rate than an affiliate product that somebody else created. The support I use to ease this can be Payhip, and this article I’ll be sharing what I both like and dislike about the service based on my Payhip experience as a seller for two + years. Top Selling Digital Products
My Payhip Expertise
If you wanted to market products Through your own site, you are going to need a means to facilitate transactions — some sort of infrastructure that will allow a customer to select your product, pay for it, and have it instantaneously delivered to them with whole hands-off automation. Payhip solves this problem.
What is Payhip?
Payhip is An that provides users with the simplest tools and options for promoting electronic products 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 have used a few of these in the past.
Having A platform that is simple to use and one that does not take a huge amount of my time is of utmost significance.
Payhip will Save you a lot of time because everything is cared for on the Payhip platform.
The Benefits that I’ve gained the most from using Payhip include –
- EU VAT is taken care of, and it is a huge plus in my book.
- Affordable. The site takes zero charges asides From 5 percent per trade when you sell a product that is digital.
- Access to analytics accounts.
- Access to marketing tools. You have the option to make Societal and Coupons discounts.
- Ability to signup, manage and reward your affiliates.
- Access to merchandise sharing tools. Plus it is possible to embed Your merchandise and purchase Now buttons directly on blog or your website.
- The ability to set mailing lists so that your customers can Subscribe and remain current with your electronic products, and much more.
- Immediate digital merchandise shipping via email link for buyers.
What I Like About Payhip
Let’s get to the information. After my 2+ year Payhip experience, here’s what I love about the ceremony…
Payments Are Instantaneous
Payhip let’s your customers pay with PayPal Or by credit/debit card with Stripe, and they don’t 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 money is instantly available in your account, and if you’ve got the PayPal and Stripe programs installed on your mobile device, you are going to receive notifications whenever a sale happens. Top Selling Digital Products
I happen to appreciate this. The excitement of Seeing a sale never gets old. It’s also great to awake in the morning, reach for your telephone, and also see you made X number of dollars while you were sleeping, and it’s all readily available for you to spend. The only caveat to this can be Stripe. If your customers pays by card using Stripe, there will be a 3 day hold before the money is available. That is all Stripe however — Payhip doesn’t 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 — just a simple flat charge of 5% per purchase .
This was appealing to me back Since, at the moment, my readership was 1/10th of what it’s now, and I wasn’t positive 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 offers an page That enables you to see trades and earnings quantities relative to this day, month, week, year, or some other specified range. On top of that, it’s a report that is really straightforward and to-the-point.
If you used Google Analytics or Facebook analytics, the amount of data you’re immediately smacked in the face can be somewhat overwhelming, and a lot of it is mostly useless also. Payhip just provides you what you are there to view — sales information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip encounter is Promotions to run by creating coupon codes.
The codes can be for any percentage you would Enjoy and for any (or all) products. They could run for whatever duration you’d like (or even indefinitely,) and the code itself may even be customized to whatever series of text you desire.
I have found this to be somewhat useful. Occasionally I will run a weekend promotion, post it on Facebook 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. Top Selling Digital Products
Your Own Affiliate Program
Payhip Provides you the ability Readers sign up as an affiliate of your shop, and you can award, someone buys a product with their customized affiliate link.
This is useful since it allows other people To sell your products the commissions paid will be worthwhile and should they have a stage and an audience of their own that they can tap into.
Easy Integration with Email Marketing
If you are into email advertising, you will be Able to incorporate Payhip along with your email marketing provider that is chosen so that a purchase is made, the email address of the purchaser can be added into a selected list.
That is relatively small but I think it’s Pretty cool so I want to give it a mention — if you so desire, you can have Payhip postage the buyer’s email address to the top left corner of each page of a PDF document they have bought.
So if someone intends to Purchase Your PDF Book make it publicly accessible for free somewhere else, they’ll have to be fine with their personal email address being publicly available as well. I believe that is a means of deterring pirating.
Upload Most Sorts of Files
Payhip is a marketplace for ebooks — You can upload just about any sort of file. Font files, 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 looks. People do not trust myself included. If a site looks like it has not been updated since the web 2.0 days, I start to wonder if maybe I am in an abandoned construction and placing my payment information to it would pretty much be like throwing my money into a black hole.
That’s not true with Payhip though. The Site has a layout that is easy and very modern. If you should buy a digital merchandise this is what you’d expect a checkout page from a trusted company to appear like. Top Selling Digital Products
Another thing I like about Payhip is its Overall simplicity. From the a visitor lands on your product page, Payhip remains out of the way. They display your graphics, sales copy, and only the crucial information (like price.) They do nothing to interfere with your sale — no.
Finally, what I actually like about Payhip is That customer payment info isn’t stored by them, meaning your customers’ payment details are safe. The payment is completely managed through PayPal or Stripe, and I prefer it this way as they are big, successful companies with a lot of cash.
What I Dislike About Payhip
As much as I enjoy Payhip, it is far from perfect. Here are some things that I dislike about the ceremony and would like to see improved…
No Mobile App
One thing that bugs me about Payhip is that They do not possess a program. It would be convenient to be able to open an app while I am out and about, and take a look through my data. The site isn’t optimized for mobile devices, although you may log into the site and do so.
I enjoy Payhip, but this is a very Lousy appearance in 2018. There’s no reason you shouldn’t have a website optimized for cellular, and once you’ve got that, you should be able to easily turn the website itself right into it’s own app so users don’t have to manually register in every time they want to check sales information. Users of Payhip encounter a much better platform when they are on their devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I would really like to see an Extra ability to suggest Other products similar to what the customer is going to purchase. For example, if they are buying a package of templates for $5, I propose some other similar product that could interest them that they didn’t know about, or could provide a package of business card templates to get a few dollars. This is something that websites like Amazon and VistaPrint do.
I can not help but feel like there is a lot of money being left on the Table — for myself and Payhip — with no operation. This may improve the Payhip encounter for both the seller and the customer.
Set On A Fixed Timezone
This one is frivolous, but I’d still Like to see it fixed.
Considering that Payhip is located in London, they’ve BST was place to by the timezone for the whole site. Since I am located in the EST, I’ll occasionally check my analytics at 7PM or afterwards and see that I left 0 sales for the day since Payhip thinks it is midnight and its information reveals that.
This is mostly a non-issue, but I Would like to observe the ability to correct the site to your timezone. Top Selling Digital Products
More Flexibility with Coupon Codes
I know I raved about the voucher It’s not perfect just yet, although Code attribute earlier.
As it currently stands, the promotion You’re able to run via a coupon code is to get a percent off. I’d love to have the ability to supply a dollar amount to set a sale price that is predetermined.
Right Now, if I want to put a merchandise that is $27 On sale for $10, I have to break out the calculator and manually do the math to determine what percentage off would leave the final price. I believe this is unnecessary and could be made better.
When creating A brand new product in Payhip, you have access to advanced options which include —
- Make your merchandise private.
- Add an ISBN (Internation Standard Book Number) to your eBook.
- Upload sample pages or a couple of preview.
- To how many copies of your product or eBook can be, add a limitation number sold.
- Create a license key that is unique for all your product/eBook revenue.
How much does it cost?
Payhip will Cost you or even host your digital products. The site takes only 5% commission per trade fee.
Would I Recommend Payhip?
This leaves us with the burning question: after 2+ years as a vendor on Payhip, would you recommend it? Overall, yes. I am very much a customer, but whether or not you should use it depends on your situation.
If you’re 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. If you know you’ll be doing at least $ 1,000 in sales each month and market a merchandise that is high-ticket or have a huge audience, you might want to check into something.
As of the date of this writing, Payhip works On a set fee of 5 percent of every sale. Gumroad’s fee is now 3.5% + $0.30 per transaction + $10 per month.
If you’re going to be selling $1,000 a month in total volume, the mathematics should (in most cases) favor Payhip. But if you are selling into the thousands, you are probably going to need to decide on Gumroad or start looking into another alternative. That is largely dependent on how many transactions it requires to reach those sales numbers so be certain to crunch the numbers.
Personally, I absolutely love the Payhip Experience and am really grateful for their solutions. I want to see them continue to grow and succeed. Top Selling Digital Products