Intro Virtual Products To Sell
Of All of the ways of monetizing blog Articles, my method is To create and sell digital products. I have discovered that it’s extraordinarily rewarding than running advertisements and products convert at a greater rate compared to an affiliate product that somebody else created. The service I use to facilitate this is Payhip, and in this post I’ll be sharing what I both like and dislike about the ceremony based on my Payhip experience as a seller for two + years. Virtual Products To Sell
My Payhip Experience
If you’ve ever wanted to sell products Through your own website, you are going to need a means to facilitate transactions — some kind of infrastructure which will enable a client to select your goods, pay for it, and also have it instantaneously delivered to them with complete hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An that provides users with solutions and the tools for hosting and promoting products to their clients online.
The Provider 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 few of these in the past.
Having A platform that is so simple to use and one that doesn’t require a huge amount of my time is of utmost importance.
Payhip will Save you a lot of time also because everything is taken care of on the Payhip platform.
The Benefits that I’ve gained the most from using Payhip include –
- EU VAT is taken care of, which is a big plus in my book.
- Affordable. The website takes zero charges asides From 5% per transaction when you sell a product.
- Access to analytics accounts.
- Access to advertising tools. You have the option to make Coupons and societal discounts.
- Capability to signup, manage and reward your own affiliates.
- Access to merchandise sharing programs . Plus it is possible to embed Purchase and your product 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 digital products, and much more.
- Immediate digital merchandise delivery via email link to buyers.
What I Like 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’s your customers pay with PayPal Or from credit/debit card using Stripe, and they don’t pay out monthly/weekly/quarterly or force you to wait around for them to clear some sort of holding period. When a client makes a purchase, the cash is instantly available on your accounts, and if you have the PayPal and Stripe programs installed on your mobile device, you are going to receive notifications each time a sale happens. Virtual Products To Sell
I happen to appreciate this. The excitement of Seeing a sale never gets older. In addition, it is good to awake in the morning, reach to your phone, and also see 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 pays by card with Stripe, there will be a three day hold until the money is available. That is Stripe though — Payhip does not hold your cash at all.
No Monthly Fees
Among the things that Payhip initially sold me on is that there’s no Monthly fees or installation charges — only a simple flat fee of 5 percent per purchase .
This was appealing to me in 2016 Because, at the time, my readership was less than 1/10th of what it’s now, and I wasn’t positive that 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 little audience, Payhip was the quickest solution that best match my scenario.
Simple To Understand Analytics
Payhip’s back end Provides an page That enables you to view trades and earnings quantities relative to the day, month, week, year, or some other given range. On top of that, it’s a report that is straightforward and to-the-point.
If you used Google Analytics or Facebook analytics, the amount of data you are instantly smacked in the face with can be a bit overwhelming, and a lot of it’s largely useless too. Payhip just gives you what you’re there to see — revenue information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip experience is By creating coupon codes promotions to run.
The codes may be Enjoy and for any (or all) products. They could run for any duration you’d like (or even permanently,) and the code itself may even be customized to whatever series of text you would like.
I’ve found this to be somewhat helpful. Sometimes I’ll run a weekend promotion, place it on Facebook boost the article targeting a pixel audience that is re-marketing and I don’t fail to go ROI positive by it. People do respond well to limited time offers. Virtual Products To Sell
Your Own Affiliate Program
Payhip gives you the capability to let your Readers register as an affiliate of your shop, and whenever someone purchases a product using their custom affiliate link, you are able to grant.
This is useful because it allows other Men and Women To market your merchandise the commissions paid will be well worth it and should they have an audience of their own and a platform that they can tap into.
Easy Integration with Email Marketing
If you’re into marketing, you’ll be Able to readily incorporate Payhip along with your email advertising provider that is preferred so that whenever a sale is made, the buyer’s email address could be added into a chosen listing.
That is relatively small but I think it’s Pretty cool so I wish to give it a mention — if you desire, you can have Payhip postage the buyer’s email address to the top left corner of every page of a PDF document they’ve bought.
So if someone intends to Purchase Your PDF Book subsequently make it publicly accessible for free somewhere else, they will have to be okay with their email address being accessible. I believe that is a very creative means of deterring pirating.
Upload Most Sorts of Files
Payhip isn’t Only a market for ebooks — You can upload any kind of file. Font files, video/audio files, photographs, software, etc..
Overall Simplicity and Modern Design
1 thing that can’t be overlooked whenever You’re selling something is how present your site looks. Individuals don’t trust myself included. If a website looks like it hasn’t been upgraded because the web 2.0 times, then I start to wonder if perhaps I am in an abandoned construction and putting my payment information into 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 very contemporary and simple. If you were to purchase a digital merchandise this is what you would expect a checkout page by a trusted company. Virtual Products To Sell
Another thing I like about Payhip is its Overall simplicity. In the a visitor lands on your product page, Payhip remains out of the way. They display your images, sales copy, and just the crucial info (like price.) They do absolutely nothing to interfere with your purchase — no.
Eventually, 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 Stripe or PayPal, and I prefer it that way as they are large companies with a lot of money to spend on top-shelf security.
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 don’t possess a mobile app. It’d be convenient to be able to open an app while I’m out and about and take a look. The website is optimized for mobile devices, although you do so and can log in to the site.
I enjoy Payhip, but that is a really Bad look in 2018. There is no reason you should not have a website optimized for cellular, and once you’ve got that, you ought to be able to easily turn the website itself into it’s own program so users don’t have to manually sign in every time they want to check sales information. Users of Payhip experience a much better platform when they’re on their devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I’d like to see an added ability to indicate Other products. If they are purchasing a bundle of logo templates for $5, I might offer a package of business card templates or propose. This is something that sites like VistaPrint and Amazon do.
I can not help but feel as though there is a Great Deal of money being left on the Table — for both myself and Payhip — without this operation. This could enhance the Payhip experience for both the client and the vendor.
Establish On A Fixed Timezone
This one is largely frivolous, but I Prefer to see it corrected.
Considering that 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 will sometimes check my stats at 7PM or later and see that I left 0 sales for the day because Payhip believes it’s midnight and its own data reveals that.
Again, this is largely a non-issue, however I Would like to observe the capability to adjust the website. Virtual Products To Sell
More Flexibility with Coupon Codes
I know I raved about the voucher Code feature earlier, but it is not perfect yet.
As it now stands, the promotion You’re able to run through a coupon code is to get a percent off. I’d love to have the ability to supply a dollar amount from the price, or the ability to set a specified sale price.
At the moment, if I Need to put a merchandise On sale for $10, I have to break out the calculator and manually do the math to figure out what percentage off would leave the price at $10. I believe that is unnecessary and may be made better.
When creating A new product in Payhip, you have access to innovative options which include —
- Make your product private.
- Insert an ISBN (Internation Standard Book Number) for your eBook.
- Publish sample pages or a couple of preview.
- To how many copies of eBook or your product could be Insert a limitation amount sold.
- Generate a exceptional license key for all your product/eBook sales.
How much does this cost?
Payhip will Cost you or host your products. The site takes just 5% commission per transaction fee.
Can I Recommend Payhip?
This leaves us with the burning question: after 2+ years as a vendor on Payhip, do you recommend it? Total, yes. I am very much a customer, but whether you ought to use it depends upon your situation.
If you’re a blogger with a small audience And you can not justify spending $10+ a month for something like Gumroad, then yes, I would absolutely recommend Payhip. However, in case you know that you’ll do at least $ 1,000 in sales each month and market a high-ticket merchandise or have a huge audience, you might want to look into something most cost-efficient.
As of the date of this writing, Payhip functions On a flat 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 promoting $1,000 a month in total volume, the mathematics should (in most cases) favor Payhip. But if you are selling well into the thousands, you are probably going to need to go with 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 that you crunch the numbers.
Personally, I absolutely love the Payhip Expertise and am very thankful for their solutions. I want to see them continue to grow and succeed. Virtual Products To Sell