Intro Top Selling Electronic Products
Of all the ways of monetizing content that is blog, my favorite Strategy is To make and sell electronic products like learning materials and design templates. I have discovered that it is extraordinarily more profitable than running advertisements from networks such as AdSense, and self-made products convert at a higher rate compared to an affiliate product that somebody else created. The service I use to ease this can be Payhip, and in this post I will be discussing what I both like and dislike about the service based in my Payhip experience as a vendor for two + years. Top Selling Electronic Products
My Payhip Experience
If you’ve ever wanted to sell digital products Through your own site, you are going to want a way to facilitate transactions — some sort of infrastructure that will allow a client to select your goods, cover it, and also have it instantaneously delivered to them with complete hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An e-commerce platform/website that gives customers with the tools and solutions for promoting products to their clients and hosting online.
The Provider Was co-founded by Abs Farah and Kahin Farah and is now based in my capital city of London.
What are the advantages of utilizing Payhip?
Each online Platform is different, and I have used a couple of these in the past.
Having A stage that is really easy to use and one that does not require a massive amount of my valuable time is of paramount importance.
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 can be a huge 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 accounts.
- Access to marketing tools. You have the option to create Coupons and societal discounts.
- Capability to signup, handle and reward your affiliates.
- Access to product sharing programs . Plus you can embed Buy and your merchandise Now buttons on blog or your site.
- The ability to setup mailing lists so that your clients can Subscribe and remain current with your digital products, and more.
- Instant digital merchandise shipping via email link for buyers.
What I Enjoy About Payhip
Let’s get to the details. Following my 2 year Payhip experience, here’s what I love about the service…
Payments Are Instantaneous
Payhip let us your customers pay with PayPal Or from credit/debit card using Stripe, and they don’t cover monthly/weekly/quarterly or make you wait around for them to clear some sort of holding period. When a customer makes a purchase, the cash is instantly available in your account, and in case you’ve got the PayPal and also Stripe programs installed on your mobile device, you are going to get notifications each time a sale occurs. Top Selling Electronic Products
I happen to love this. The excitement of Seeing a sale never gets old. In addition, it is good to wake up in the morning, reach for your telephone, and also see that you made X number of dollars while you were sleeping, and it is all easily available for you to spend. The only caveat to this can be Stripe. If your customers card using Stripe, there’ll be a three day hold before the cash is available. That is all Stripe though — Payhip doesn’t hold your money in any way.
No Monthly Fees
One of the things that Payhip originally sold me is that there is no Monthly charges or setup charges — just a simple flat charge of 5% per sale.
This was appealing to me back in 2016 Because, at the time, my readership was 1/10th of what it is now, and I wasn’t positive I was likely to always sell enough product to justify paying a monthly fee for a similar service like Gumroad. As a relatively new blogger with a little crowd, Payhip was the no-risk solution that best match my situation.
Simple To Know Analytics
Payhip’s back end Provides an page That lets you view transactions and earnings quantities relative to the day, week, month, year, or some other specified range. Best of all, it is a report that is simple and to-the-point.
If you used Google Analytics or Facebook analytics, the number of information you are immediately smacked in the face with can be somewhat overwhelming, and a lot of it is mostly useless also. Payhip just provides you exactly what you are there to view — sales information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip experience is By producing coupon codes promotions to conduct.
The codes may be Enjoy and for any (or all) products. They could run for any duration you want (or even permanently,) and the code itself can even be customized to whatever series of text you would like.
I’ve found this to be helpful. Sometimes I will run a weekend marketing, place it on Facebook, then boost the post targeting a pixel audience that is re-marketing and I never fail to go ROI positive by it. People really do respond to limited time offers. Top Selling Electronic Products
Your Own Affiliate Program
Payhip Provides you the ability to let your Readers register as an affiliate of your store, and you are able to award them a commission of whatever percentage you’d like, if someone buys a product with their customized affiliate link.
This is useful since it allows other Men and Women To market your merchandise for you, the commissions paid will be worthwhile, and should they have a platform and an audience of their own that they can tap into.
Easy Integration with Email Marketing
If you are into email advertising, you’ll be Able to integrate Payhip along with your preferred email marketing provider so that whenever a purchase is made, the email address of the purchaser can be added to a list.
This is 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 every page of a PDF document they have bought.
So if someone intends to Purchase Your PDF Book then make it publicly accessible for free they’ll have to be fine with their email address being publicly accessible. I believe that is a means of deterring pirating.
Upload Many Kinds of Files
Payhip is a market for ebooks — It’s possible to upload just about any kind of file. Font documents, video/audio documents, photographs, software, etc..
Overall Simplicity and Modern Design
One thing that can not be overlooked whenever You’re selling something is your website appears. People generally do not 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 putting my payment info into it’d pretty much be like throwing my money into a black hole.
That is not true with Payhip though. The Website has a layout. This is exactly what you’d anticipate a checkout page by a trustworthy company to appear like, In the event that you were to purchase a digital merchandise on the world wide web. Top Selling Electronic Products
Another thing 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 images, sales copy, and only the crucial information (like price.) They do nothing to interfere with your purchase — no.
Eventually, what I enjoy about Payhip is That customer payment information isn’t stored by them, meaning that your clients’ payment details are safe. The payment is managed through Stripe or PayPal, and I prefer it that way as they’re big companies with a lot of money to invest on security.
What I Dislike About Payhip
As much as I like Payhip, it’s far from perfect. Here are some things that I dislike about the service and would like to see improved…
No Mobile App
One thing that bugs me about Payhip is that They don’t have a mobile program. It’d be convenient to be able to start an app and have a look while I’m out and around. The website isn’t optimized for mobile devices, although you may log in to the website and do this.
I enjoy Payhip, but this is a very Lousy look in 2018. There is no reason you should not have a site optimized for mobile, and once you’ve got that, you should be able to easily turn the website itself into it’s own program so users do not need to manually register in each time they want to inspect sales information. Users of Payhip encounter a platform when they’re on their mobile devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I would really like to see an Extra ability to indicate Other products. If they are purchasing a bundle of templates for $5, then I suggest, or could offer a package of business card templates for a couple of bucks. This is something which websites like VistaPrint and Amazon do.
I can’t help but feel as though there’s a lot of money being left on the Table — for myself and Payhip — with no functionality. This may improve the Payhip encounter for both the seller and the client.
Establish On A Fixed Timezone
This one is frivolous, but I’d still Prefer to see it corrected.
Since Payhip is located in London, they’ve BST was place to by the working timezone for the website. Since I am found in the EST, I’ll sometimes check my analytics at 7PM or later and see that I made 0 sales for the day since Payhip thinks it is midnight and its own information reveals that.
Again, this is a non-issue, however I Would love to observe that the ability to correct the site to your timezone. Top Selling Electronic Products
More Flexibility with Coupon Codes
I know I raved about the voucher It is not quite perfect yet, although Code attribute earlier.
As it stands, the advertising You’re able to run through a voucher code is for a percentage off. Ideally, I’d love to be able to supply a dollar amount to set a sale price that is specified.
At the moment, if I want to place a $27 product On sale for $10, manually do the math to determine what percentage off would leave the price and I have to break out the calculator. I believe that is unnecessary and may be improved.
When creating A new product in Payhip, you also have access to advanced options which include —
- Make your product private.
- Add an ISBN (Internation Standard Book Number) to your eBook.
- Upload a couple of preview or sample pages.
- Add a limit amount to how many copies of market or your product could be sold.
- Create a license key that is exceptional .
Just how much does this cost?
Payhip will Cost you or host your digital products. The website takes only 5 percent commission per transaction 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 you should use it depends upon your situation.
If you are a new blogger with a small audience And you can not justify spending $10+ per month for 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 that is high-ticket or have a massive audience, you may want to check into something.
As of the date of this writing, Payhip functions On a flat fee of 5 percent of each sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 a month.
If you are going to be selling $1,000 per month in total quantity, the math should (typically ) prefer Payhip. But if you’re selling into the thousands, you are probably going to want to go with Gumroad or look into another choice. This is mostly dependent on the number of transactions it requires to achieve those sales numbers, however, so be sure that you crunch the numbers on your own.
Personally, I love the Payhip Experience and am very thankful for their services. I want to see them continue to grow and succeed. Top Selling Electronic Products