Intro Using Paypal For Digital Downloads
Of All of the ways of monetizing content, my Strategy is To make and sell electronic products like learning materials and layout templates. I have discovered that it’s extraordinarily profitable than running advertisements from networks such as AdSense, and self explanatory products convert at a greater rate compared to an affiliate product that someone else created. The service I use to ease this is Payhip, and this article I will be discussing what I both like and dislike about the ceremony based in my Payhip experience as a vendor for two + years. Using Paypal For Digital Downloads
My Payhip Experience
If you wanted to sell digital products Through your own site, you’ll want a means to facilitate trades — some sort of infrastructure which will enable a customer to select your goods, cover it, and also have it immediately delivered to them with complete hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An that gives users with options and the easiest tools for hosting and selling products to their clients online.
The Provider Was co-founded by Abs Farah and Kahin Farah and is currently based in my capital city of London.
What are the advantages of utilizing Payhip?
Each online Platform is different, and I’ve used a couple of them previously.
Having A platform that is so simple to use and one that doesn’t require a massive amount of my time that is precious is of utmost significance.
Payhip will Save a great deal of time too because everything is taken care of on the Payhip platform.
The Advantages that I’ve gained the most from utilizing Payhip include –
- EU VAT is taken care of, and it is a huge plus in my book.
- Affordable. The site takes zero fees asides From 5 percent per transaction when you sell a product that is digital.
- Access to analytics accounts.
- Access to marketing tools. You have the option to create Coupons and social discounts.
- Capability to signup, manage and reward your affiliates.
- Access to product sharing programs . Plus you can embed Your product and Buy Now buttons on blog or your website.
- The Capacity to set mailing lists so that your customers can Subscribe and stay current with your products, and more.
- Immediate digital merchandise shipping via email link for customers.
What I Enjoy About Payhip
Let’s get to the information. After my two year Payhip experience, Here Is What I love about the service…
Payments Are Instantaneous
Payhip let us your customers pay with PayPal Or from credit/debit card with Stripe, plus they don’t pay out monthly/weekly/quarterly or force you to wait for them to clear some sort of holding period. When a client makes a purchase, the money is instantly available on your accounts, and if you have the PayPal and also Stripe programs installed on your mobile device, you are going to receive notifications each time a sale happens. Using Paypal For Digital Downloads
I happen to appreciate this. The excitement of Seeing a brand new sale never gets older. It’s also great to wake up in the morning, reach for your phone, and see that you made X number of dollars while you were sleeping, and it is all readily available for you to spend. The only caveat to this is Stripe. If your customers pays by card using Stripe, there will be a three day hold before the cash is available. That is all Stripe however — Payhip doesn’t hold your cash at all.
No Monthly Charges
One of those things that Payhip initially sold me is that there is no Monthly fees or setup charges — only a simple flat charge of 5 percent per purchase .
This was appealing to me Since, at the moment, my readership was less than 1/10th of what it’s now, and that I wasn’t positive that I was likely to always 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 crowd, Payhip was the no-risk solution that best match my situation.
Simple To Understand Analytics
Payhip’s back end Provides an analytics page That enables you to view trades and earnings quantities relative to this day, month, week, year, or some other given range. On top of that, it is a straightforward and to-the-point report.
If you’ve ever used Google Analytics or Facebook analytics, the number of information you’re immediately smacked in the face with can be somewhat overwhelming, and lots of it’s 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 advantage users of Payhip experience is Promotions to run by producing coupon codes.
The codes may be for any percentage you’d Like and for any (or all) products. They can run for whatever length you’d like (or even indefinitely,) and the code itself may even be customized to whatever string of text you desire.
I have found this to be very useful. Sometimes I’ll run a weekend marketing, post it on Facebook raise the post targeting a pixel audience that is re-marketing and I never fail to go ROI positive with it. People do respond to limited time offers. Using Paypal For Digital Downloads
Your Own Affiliate Program
Payhip Provides you the capability to let your Readers sign up as an affiliate of your store, and you can award them a commission of whatever percent you’d like, someone buys a product using their custom affiliate link.
This is useful because it allows other Men and Women To sell your products for you, and if they have a platform and an audience of their own that they can tap to, the commissions paid will be well worthwhile.
Easy Integration with Email Marketing
You will be if you are into email advertising Able to readily incorporate Payhip along with your email advertising provider that is chosen so that whenever a purchase is made, the purchaser’s email address could be added to a listing that is selected.
This is small but I think it’s Pretty cool so I wish to give it a mention — if you so desire, you can have Payhip postage the buyer’s email address to the upper left corner of each page of a PDF document they’ve bought.
So if someone plans to Purchase Your PDF Book make it available for free somewhere else, they’ll have to be fine with their email address being publicly accessible. I think that’s a means of deterring pirating.
Upload Many Sorts of Files
Payhip is a marketplace for ebooks — It’s possible to upload virtually any sort of file. Font files, video/audio files, photos, software, etc..
Total Simplicity and Modern Design
1 thing that can’t be overlooked whenever You are selling something is the way present your site appears. People don’t trust sites which look obsolete, myself included. If a site looks like it hasn’t been updated because the net 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 just like throwing my money into a black hole.
That is not the case with Payhip though. The Website has a layout that is very contemporary and easy. If you were to purchase a digital merchandise this is exactly what you would anticipate a checkout page by a business. Using Paypal For Digital Downloads
Another thing that 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 images, sales copy, and only the crucial information (such as price.) They do nothing to interfere with your purchase — no.
Eventually, what I enjoy about Payhip is That they don’t store customer payment information, meaning that your clients’ payment details are safe. The payment is completely managed through PayPal or Stripe, and I prefer it that way as they are big 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 items that I dislike about the service and would like to see improved…
No Mobile App
1 thing that bugs me around Payhip is that They do not possess a app. It would be convenient to have the ability to open an app while I am out and about, and have a look during my earnings data. The website is optimized for mobile devices, although you do this and may log in to the site.
I like Payhip, but this is a really Lousy appearance in 2018. There is no reason you should not have a website optimized for cellular, and once you have that, you should be able to easily turn the website itself into it’s own program so users do not have to manually register in each time they want to check sales data. Users of Payhip experience a much better platform when they are on their devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I’d like to see an Extra capability to suggest Other products. If they are purchasing a bundle of logo templates for $5, I suggest, or might offer a bundle of business card templates for a few dollars. This is something that sites like Amazon and VistaPrint do well.
I can’t help but feel like there’s a Great Deal of money being left on the Table — for both myself and Payhip — with no operation. This could improve the Payhip experience for both the seller and the client.
Set On A Fixed Timezone
This one is largely frivolous, but I Like to see it fixed.
Since Payhip is located in London, they have The functioning timezone for the site place to BST. Since I am found 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’s midnight and its information reveals that.
Again, this is largely a non-issue, but I Would love to observe that the ability to correct the website. Using Paypal For Digital Downloads
More Flexibility with Coupon Codes
I know I raved about the voucher Code feature but it is not perfect yet.
As it currently stands, the only advertising You can run via a voucher code is to get a percentage off. I’d like to be able to offer a dollar amount from the cost, or the ability to set a sale price that is specified.
At the moment, if I Need to place a product that is $27 On sale for $10, do the math to determine what percentage off would render the cost 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 advanced options including —
- Make your product private.
- Insert an ISBN (Internation Standard Book Number) to your eBook.
- Upload sample pages or a preview.
- To the number of copies of your product or eBook could be, Insert a limitation number sold.
- Create a license key that is exceptional .
Just how much does it cost?
Payhip will Cost you to set up or even host your digital products. The site 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? Overall, yes. I am a happy customer, but whether or not 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+ a month for something like Gumroad, then yes, I would recommend Payhip. If you have a massive audience or market a product and know you’ll be doing at least $1,000 in sales every month, you might want to look into something most cost effective.
As of this date of this writing, Payhip works On a set 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 less than $1,000 a month in total volume, the mathematics should (in most cases) prefer Payhip. But if you’re selling well into the thousands, you’ll probably want to decide on Gumroad or start looking into some alternative. This is largely dependent on how many transactions it takes to reach those sales numbers so be sure that you crunch the numbers for yourself.
Personally, I absolutely love the Payhip Experience and am very thankful for their solutions. I would like to see them continue to grow and succeed. Using Paypal For Digital Downloads