Intro Types Of Digital Products
Of all the ways of Creating blog content, my Strategy is Such as learning design templates and materials to create and sell electronic products. I’ve found that it’s extraordinarily rewarding than running advertisements and products convert at a much higher speed compared to an affiliate product that someone else created. The support I use to ease this is Payhip, and in this article I’ll be sharing what I like and dislike about the service based on my Payhip experience as a seller for 2+ years. Types Of Digital Products
My Payhip Expertise
If you wanted to market digital products Through your own site, you’ll need a way to facilitate transactions — some kind of infrastructure which will enable a customer to select your product, cover it, and have it immediately delivered to them with complete hands-off automation. Payhip solves this problem.
Payhip is An that gives customers with options and the simplest tools for selling products to their clients and hosting online.
The company Was co-founded by Abs Farah and Kahin Farah and is currently based in my capital city of London.
Which are the benefits of using Payhip?
Each online Platform is different, and I have used a few of them previously.
For me, having A platform that is so simple to use and one that does not take a massive amount of my time that is precious is of paramount importance.
Payhip will Save a great deal of time because everything is taken care of on the Payhip platform.
The Benefits that I’ve gained the most from utilizing Payhip comprise –
- EU VAT is cared for, and it can be a huge plus in my book.
- Affordable. The site takes zero fees asides From 5% per trade when you sell a digital product.
- Accessibility to analytics accounts.
- Access to marketing tools. You have the option to make Coupons and social discounts.
- Ability to signup, handle and reward your affiliates.
- Access to product sharing programs . Plus you can embed Your product and purchase Now buttons right on blog or your own website.
- The ability to set mailing lists so that your clients can Subscribe and remain current with your goods, and more.
- Immediate digital product shipping via email link to buyers.
What I Like About Payhip
Let us get to the details. After 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 with Stripe, and 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 cash is instantly available in your accounts, and if you’ve got the PayPal and also Stripe programs installed on your mobile device, you’ll get notifications each time a sale happens. Types Of Digital Products
I happen to love this. The excitement of Seeing a sale that is new never gets old. It’s also great to wake up in the morning, reach to your telephone, and also see that you made X amount of dollars while you’re sleeping, and it is all easily available for you to spend. The caveat to this is Stripe. If your clients card with Stripe, there’ll be a three day hold before the cash is available. This is all Stripe though — Payhip does not hold your money in any way.
No Monthly Fees
One of the things that Payhip initially sold me is that there is no Monthly charges or installation charges — just a simple flat charge of 5% per purchase .
This was attractive to me Since, at the time, my readership was 1/10th of what it’s now, and I wasn’t positive I was likely to consistently sell enough product to warrant paying a monthly fee to get a similar service like Gumroad. As a relatively new blogger having a small crowd, Payhip was the quickest solution that best fit my scenario.
Simple To Understand Analytics
Payhip’s back end Provides an page That enables you to see trades and earnings quantities relative to this day, week, month, year, or any other specified range. Best of all, it is a really straightforward and to-the-point 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 a lot of it is mostly useless too. Payhip just provides you what you are there to see — sales data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip experience is The capacity to conduct promotions by producing coupon codes.
The codes can be for almost any percentage you’d Like and for any (or all) products. They can run for whatever duration you’d like (or even permanently,) and the code itself may even be customized to whatever series of text you desire.
I have found this to be useful. Sometimes I will conduct a weekend promotion, place it on Facebook, then boost the article targeting a pixel audience and I never fail to go ROI positive with it. People truly do respond to limited time offers. Types Of Digital Products
Your Own Affiliate Program
Payhip Provides you the capability to let your Readers sign up as an affiliate of your shop, and you can award them a commission of whatever percentage you would like someone purchases a product using their customized affiliate link.
This is useful since it allows people To sell 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 to.
Easy Integration with Email Marketing
You will be if you are into advertising Able to readily integrate Payhip with your email advertising provider that is chosen so that a purchase is made, the buyer’s email address can be added into a list.
That is relatively small but I think it’s Pretty cool so I want to give it a mention — if you desire, you can have Payhip stamp the buyer’s email address into the upper left corner of each page of a PDF document they’ve bought.
So if someone intends to buy your PDF Publication make it accessible for free they will need to be okay with their email address being publicly accessible. I think that’s a means of deterring pirating.
Upload Many Kinds of Files
Payhip is a market for ebooks — It’s possible to upload any sort of file. Font documents, video/audio documents, photos, software, etc..
Total Simplicity and Modern Design
1 thing that can’t be overlooked whenever You are selling something is how present your website looks. People generally do not trust myself included. If a site looks like it has not been upgraded because the web 2.0 times, then I start to wonder if maybe I am in an abandoned construction and placing my payment information into it’d pretty much be like throwing my money into a black hole.
That is not true with Payhip though. The Site has a layout that is very modern and easy. If you were to purchase a merchandise on the internet, this is what you’d anticipate a checkout page by a trustworthy company. Types Of Digital Products
Another thing I enjoy about Payhip is its own Overall simplicity. In the second a visitor lands on your product page, Payhip remains out of the way. They display your graphics, sales copy, and only the critical information (like price.) They do nothing to interfere with your sale — no self-promotion whatsoever.
Finally, what I really like about Payhip is That customer payment information isn’t stored by them, meaning that your clients’ payment details are safe. The payment is handled through Stripe or PayPal, and I prefer it this way as they’re successful companies with a lot of money.
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 improved…
No Mobile App
1 thing that bugs me about Payhip is that They don’t possess a mobile app. It would be convenient to have the ability to start an app while I am out and around and take a look. You may log in to the website and do this, but the website is optimized for mobile devices.
I like Payhip, but this is a very Lousy appearance in 2018. There’s no reason you shouldn’t have a site optimized for cellular, and once you have 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 sign in every time they would like to inspect sales information. Let 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’d really like to see an capability to suggest Other products similar to what the client is going to purchase. If they are purchasing a bundle of logo templates for $5, I suggest, or might provide a package of business card templates to get a couple of extra dollars. This is something that sites like VistaPrint and Amazon do.
I can’t help but feel like there’s a Great Deal of money being left on the Table — for both myself and Payhip — without this functionality. This may enhance the Payhip encounter for both the customer and the vendor.
Set On A Fixed Timezone
This one is mostly frivolous, but I’d still Like to see it fixed.
Considering that Payhip is located in London, they have The working timezone for the entire site place to BST. Since I am located in the EST, I’ll occasionally check my stats at 7PM or later and see that I made 0 earnings for the day because Payhip believes it is midnight and its own data reflects that.
This is a non-issue, but I Would like to observe that the capability to adjust the website to your timezone. Types Of Digital Products
More Flexibility with Coupon Codes
I know I raved about the coupon It is not perfect yet, although code feature earlier.
As it stands, the only promotion You can run via a coupon code is for a percentage off. Ideally, I’d love to have the ability to offer a dollar amount to set a predetermined sale price.
Right Now, if I want to place a product Available for $10, I must break out the calculator and manually do the math to figure out what percentage off would render the last cost at $10. I think this is unnecessary and could be made better.
When creating A new product in Payhip, you have access to advanced alternatives which include —
- Make your merchandise private.
- Add an ISBN (Internation Standard Book Number) for your eBook.
- Upload sample pages or a preview.
- To the number of copies of eBook or your product could be, Insert a limitation number sold.
- Create a license key .
Just how much does it cost?
Payhip will Cost you to set up or even host your products. The website takes just 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? Overall, yes. I am a customer, but whether or not you should use it depends upon your situation.
If you’re a blogger with a small audience And you can’t justify spending $10+ per month to get something like Gumroad, then yes, I would absolutely recommend Payhip. If you know that you’ll be doing at least $ 1,000 in sales every month and sell a product that is high-ticket or have a huge audience, you may want to look into something most cost effective.
As of the date of this writing, Payhip functions On a flat fee of 5 percent of every sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 a month.
If you’re going to be promoting less than $1,000 a month in total volume, the math should (typically ) prefer Payhip. But if you’re selling well into the thousands, you are probably going to need to decide on Gumroad or start looking into some choice. This is mostly dependent on how many transactions it takes to reach those sales numbers so make certain that you crunch the numbers.
Personally, I absolutely love the Payhip Expertise and am grateful for their solutions. I would like to see them continue to grow and succeed. Types Of Digital Products