Intro Using Paypal For Downloadable Products
Of all the ways of monetizing blog content, my method is Like learning layout templates and materials, to create and sell electronic products. I’ve discovered that it is extraordinarily rewarding than running ads from networks such as AdSense, and self-made products convert at a greater speed than an affiliate product that someone else created. The support I use to facilitate this is Payhip, and this article I will be sharing what I like and dislike about the service based on my Payhip expertise for a vendor for two + years. Using Paypal For Downloadable Products
My Payhip Experience
If you’ve ever wanted to market products Through your own site, you’ll need a means to facilitate trades — some sort of infrastructure which will enable a client to select your product, cover it, and have it immediately delivered to them with complete hands-off automation. Payhip solves this problem.
What is Payhip?
Payhip is An that provides users with solutions and the tools for hosting and selling electronic 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 benefits of using Payhip?
Each online Platform differs, and I’ve used a couple of them previously.
Having A stage that is simple to use and one that doesn’t 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 Advantages that I’ve gained the most from using Payhip include –
- EU VAT is taken care of, and it can be a huge plus in my book.
- Affordable. The website takes zero fees asides From 5 percent per trade when you sell a item that is digital.
- Access to analytics accounts.
- Access to marketing tools. You have the option to make Social and Coupons discounts.
- Capability to signup, manage and reward your own affiliates.
- Access to merchandise sharing tools. Plus it is possible to embed Your merchandise and Buy Now buttons on your website or blog.
- The Capacity to setup mailing lists so that your customers can Subscribe and stay up to date with your goods, and more.
- Immediate digital merchandise shipping via email link to buyers.
What I Enjoy About Payhip
Let us get to the information. Following my two + year Payhip experience, Here Is What I really like about the service…
Payments Are Instantaneous
Payhip let us your customers pay with PayPal Or by credit/debit card with Stripe, plus they don’t pay out monthly/weekly/quarterly or make you wait around for them to clear some sort of holding period. When a customer makes a purchase, the money is instantly available in your accounts, and in case you have the PayPal and Stripe programs installed on your mobile device, you are going to get notifications whenever a sale occurs. Using Paypal For Downloadable Products
I happen to appreciate this. The excitement of Seeing a sale that is new never gets old. It’s also good to awake in the morning, reach to your phone, and also see that you made X number of dollars while you were sleeping, and it’s all easily available for you to spend. The caveat to this is Stripe. If your customers pays by card using Stripe, there will be a three day hold until the money 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 on is that there’s no Monthly fees or setup charges — just a simple flat charge of 5% per sale.
This was attractive to me Since, at the time, my readership was 1/10th of what it’s now, and that I was not positive 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 having a little audience, Payhip was the quickest solution that best match my situation.
Easy To Understand Analytics
Payhip’s back end Provides an analytics page That lets you see transactions and earnings quantities relative to the day, week, month, year, or some other given selection. On top of that, it is a straightforward and to-the-point report.
If you used Google Analytics or Facebook analytics, the number of information you’re immediately smacked in the face with can be somewhat overwhelming, and a lot of it’s largely useless also. Payhip just gives you what you are there to view — revenue information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip encounter is By creating coupon codes, promotions to run.
The codes may be for almost any percentage you’d Enjoy and for any (or all) products. They can run for whatever length 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 somewhat useful. Occasionally I’ll run a weekend promotion, post it on Facebook raise the article targeting a pixel re-marketing audience and I never fail to go ROI positive by it. People do respond well to limited time offers. Using Paypal For Downloadable Products
Your Own Affiliate Program
Payhip gives you the capability Readers sign up as an affiliate of your store, and you can award them a commission of whatever percent you’d like, whenever someone purchases a product with their customized affiliate link.
This is useful because it allows people To sell your merchandise for you, the commissions paid will be well 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 marketing Able to integrate Payhip along with your email advertising provider that is chosen so that whenever a sale is made, the email address of the purchaser can be added to a list.
That is relatively small but I think it’s Pretty cool so I wish to give it a mention — if you so desire, you can have Payhip stamp the buyer’s email address to the upper left corner of every page of a PDF document they’ve purchased.
So if someone plans to buy your PDF Book make it publicly available for free somewhere else, they’ll need to be fine with their email address being publicly available as well. I think that’s a way of deterring pirating.
Upload Most Sorts of Files
Payhip is a market for ebooks — You can upload virtually any sort of file. Font documents, 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 site looks. Individuals do not trust sites which appear outdated, myself included. If a website looks like it has not been upgraded because the net 2.0 days, I start to wonder if perhaps I’m in an abandoned construction and putting my payment information to it would pretty much be like throwing my money into a black hole.
That is not true with Payhip though. The Website has a very contemporary and simple layout. This is what you would expect a checkout page by a trustworthy business if you were to purchase a product on the world wide web. Using Paypal For Downloadable Products
Another thing I like about Payhip is its In general simplicity. From the very moment 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.
Eventually, what I really enjoy about Payhip is That they don’t store customer payment information, meaning that your clients’ payment details are secure. The payment is completely handled through Stripe or PayPal, and I prefer it that way as they are large, 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 enhanced…
No Mobile App
One thing that bugs me around Payhip is that They do not have a app. It’d be convenient to be able to open an app while I’m out and about and take a look during my sales data. You do this and may log into the site, but the website is optimized for mobile devices.
I enjoy Payhip, but that is a really Bad appearance in 2018. There’s no reason you should not have a site optimized for mobile, and when you have that, you ought to be able to easily turn the site itself into it’s own app so users don’t need to manually sign in each time they would like to inspect sales data. Users of Payhip experience a much better platform when they’re on their devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I’d really like to see an capability that is Extra to indicate Other products. For instance, if they’re purchasing a bundle of templates for $5, I propose, or might provide a bundle of business card templates to get a few added bucks. This is something that websites like Amazon and VistaPrint do.
I can not help but feel as though there’s a Great Deal of money Table — for both myself and Payhip — with no operation. This could improve the Payhip encounter for both the seller and the customer.
Establish On A Fixed Timezone
This one is mostly frivolous, but I had still Prefer to see it fixed.
Since Payhip is located in London, they’ve BST was set to by the timezone for the site. Since I am located in the EST, I’ll occasionally check my analytics at 7PM or afterwards and see that I left 0 earnings for the day since Payhip believes it is midnight and its own data reflects that.
Again, this is mostly a non-issue, however I Would like to observe that the capability to correct the site. Using Paypal For Downloadable Products
More Flexibility with Coupon Codes
I know I raved about the voucher It’s not quite perfect yet, although Code attribute earlier.
As it now stands, the advertising You’re able to run through a voucher code. I’d love to have the ability to offer a dollar amount to set a sale price that is predetermined.
At the moment, if I Need to place a product that is $27 Available for $10, manually do the math to figure out what percentage off will render the price at $10 and I must break out the calculator. I believe that is unnecessary and may be made better.
When creating A brand new product in Payhip, you also have access to advanced alternatives including —
- Make your merchandise personal.
- Add an ISBN (Internation Standard Book Number) to your eBook.
- Publish sample pages or a preview.
- To the number of copies of market or your product can be add a limitation amount sold.
- Generate a unique license key .
Just how much does it cost?
Payhip will Cost you nothing or even host your products. The website takes just 5% commission per transaction fee.
Can I Recommend Payhip?
This leaves us with the burning question: after two + years as a seller on Payhip, would you recommend it? Total, yes. I am a satisfied customer, but whether you ought to use it depends on your situation.
If you’re a new blogger with a small audience And you can’t justify spending $10+ per month for something like Gumroad, then yes, I would recommend Payhip. In case you know you’ll be doing at least $ 1,000 in sales each month and market a high-ticket product or have a huge audience, you may want to look into something most cost-efficient.
As of the date of the writing, Payhip works On a set fee of 5% of every sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 per month.
If you’re going to be selling less than $1,000 a month in total volume, the math should (typically ) favor Payhip. But if you are selling into the thousands, you are probably going to want to go with Gumroad or look into some other alternative. This is all largely dependent on how many transactions it takes to achieve those sales numbers so be sure to crunch the numbers.
Personally, I love the Payhip Experience and am grateful for their solutions. I want to see them continue to grow and succeed. Using Paypal For Downloadable Products