Background Virtuemart Sell Digital Products
Of All of the ways of monetizing blog Articles, my favorite Strategy is Like studying layout templates and materials to create and sell digital products. I have found that it’s extraordinarily profitable than running advertisements from networks such as AdSense, and self-made products convert at a significantly higher rate than an affiliate product that someone else created. The service I use to ease this can be Payhip, and this article I will be sharing what I like and dislike about the ceremony based in my Payhip expertise for a seller for two + years. Virtuemart Sell Digital Products
My Payhip Experience
If you wanted to sell products Through your own website, you are going to want a way to facilitate trades — some sort of infrastructure that will allow a client to select your product, pay for it, and have it immediately delivered to them with whole hands-off automation. Payhip solves this issue.
What is Payhip?
Payhip is An that provides users with the tools and options for hosting and selling products straight to their customers 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 differs, and I’ve used a couple of them in the past.
For me personally, having A platform that is simple to use and one that doesn’t take a massive amount of my time is of paramount importance.
Payhip will Save you 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 comprise –
- EU VAT is taken care of, 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 item.
- Access to analytics accounts.
- Access to marketing tools. You have the option to make Coupons and social discounts.
- Ability to signup, manage and reward your affiliates.
- Access to product sharing programs . Plus it is possible to embed Purchase and your merchandise Now buttons right on blog or your own website.
- The ability to set mailing lists so that your clients can Subscribe and stay current with your electronic products, and much more.
- Immediate digital product shipping via email link to buyers.
What I Like About Payhip
Let’s get to the details. After my two year Payhip experience, here’s what I really like about the service…
Upgrades Are Instantaneous
Payhip let’s your customers pay with PayPal Or from credit/debit card using Stripe, plus they don’t cover monthly/weekly/quarterly or force you to wait for them to clean some sort of holding period. When a client makes a purchase, the money is instantly available in your accounts, and in case you’ve got the PayPal and also Stripe apps installed on your mobile device, you are going to receive notifications whenever a sale occurs. Virtuemart Sell Digital Products
I happen to appreciate this. The excitement of Seeing a new sale never gets old. It’s also good to awake in the morning, reach for your telephone, and also see that you made X number of dollars while you’re sleeping, and it’s all readily available for you to spend. The only caveat to this can be Stripe. If your clients card with Stripe, there will be a 3 day hold until the money is available. That is Stripe though — Payhip does not hold your cash at all.
No Monthly Charges
Among those 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 sale.
This was attractive to me back Since, at the time, my readership was 1/10th of what it’s now, and I was not positive I was going to consistently sell enough product to justify paying a monthly fee to get a similar service such as Gumroad. As a relatively new blogger having a small crowd, Payhip was the no-risk solution that best fit my situation.
Easy To Understand Analytics
Payhip’s back end Provides an analytics page That enables you to view transactions and earnings amounts relative to this day, week, month, year, or some other specified range. On top of that, it’s a report that is very simple and to-the-point.
If you used Google Analytics or Facebook analytics, the number of data you are immediately smacked in the face with can be somewhat overwhelming, and a lot of it’s mostly useless also. Payhip just provides you what you are there to see — revenue information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip experience is Promotions to conduct by producing coupon codes.
The codes can be for almost any percentage you would Enjoy and for any (or all) products. They can run for whatever length you’d like (or even permanently,) along with the code itself can even be customized to whatever string of text you desire.
I have found this to be very helpful. Sometimes I will conduct a weekend promotion, post 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 well to limited time offers. Virtuemart Sell Digital Products
Your Own Affiliate Program
Payhip gives you the capability Readers sign up as an affiliate of your store, and you are able to award, someone purchases 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 well worthwhile, and should they have a stage and an audience of their own they can tap into.
Easy Integration with Email Marketing
If you’re into email advertising, you’ll be Able to integrate Payhip along with your email advertising provider that is preferred so that if a sale is made, the email address of the purchaser can be added into a selected list.
That is minor but I think it’s Pretty cool so I want to give it a reference — if you desire, you can have Payhip postage the purchaser’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 accessible for free they’ll need to be okay with their personal email address being accessible also. I think that is a very creative way of deterring pirating.
Upload Many Kinds of Files
Payhip is a marketplace for ebooks — It’s possible to upload just about any kind of electronic 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 site appears. Individuals don’t trust myself included. If a website looks like it has not been upgraded since the web 2.0 days, I start to wonder if perhaps I am in an abandoned building and placing my payment information to it’d pretty much be like throwing my money into a black hole.
That is not the case with Payhip though. The Website has a design. This is exactly what you would expect a checkout page by a company to appear like if you should buy a digital merchandise on the world wide web. Virtuemart Sell Digital Products
Another thing I like about Payhip is its In general simplicity. From the very second a visitor lands on your product page, Payhip remains out of the way. They display your images, sales copy, and just the critical info (such as price.) They do absolutely nothing to interfere with your sale — no self-promotion whatsoever.
Finally, what I actually like about Payhip is That customer payment information isn’t stored by them, meaning your customers’ payment details are safe. The payment is totally handled through PayPal or Stripe, and I prefer it this 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 ceremony and would like to see improved…
No Mobile App
One thing that bugs me about Payhip is that They do not possess a mobile app. It would be convenient to have the ability to start an app while I’m out and around, and have a look during my data. The website is optimized for mobile devices, although you do so and can log in to the site.
I like Payhip, but that is a very Bad look in 2018. There is no reason you should not have a site optimized for cellular, and once you’ve got that, you should be able to easily turn the site itself into it’s own app so users don’t have to manually sign in every time they want to inspect sales information. Users of Payhip experience a better platform when they’re on their cellular devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I’d like to see an capability that is added to indicate Other products. If they’re purchasing a package of templates for $5, then I propose some other product that could interest them they didn’t know about, or could offer a package of business card templates for a couple of extra dollars. This is something which websites like VistaPrint and Amazon do quite well.
I can’t help but feel as though there’s a lot of money Table — for both myself and Payhip — with no operation. This may improve the Payhip experience for both the seller and the customer.
Establish On A Fixed Timezone
This one is frivolous, but I Prefer to see it corrected.
Considering that Payhip is located at London, they have The timezone for the entire website place to BST. Since I am found in the EST, I’ll sometimes check my stats at 7PM or later and see that I made 0 earnings for the day because Payhip thinks it is midnight and its information reveals that.
Again, this is a non-issue, but I Would love to see the capability to adjust the website to your own timezone. Virtuemart Sell Digital Products
More Flexibility with Coupon Codes
I know I raved about the voucher Code feature but it’s not perfect.
As it currently stands, the only promotion You can run via a coupon code. Ideally, I’d like to be able to supply a dollar amount off the original price, or the ability to set a sale price.
Right Now, if I want to place a merchandise On sale for $10, do the math to determine what percent off would leave the price at $10 and I have to break out the calculator. I believe that is unnecessary and may be improved.
When creating A brand new product in Payhip, you also have access to advanced options which include —
- Make your merchandise private.
- Add an ISBN (Internation Standard Book Number) to your eBook.
- Publish sample pages or a few preview.
- To how many copies of eBook or your product can be add a limit amount sold.
- Generate a license key that is exceptional for all your product/eBook sales.
How much does it cost?
Payhip will Cost you to set up or host your products. The website takes just 5 percent commission per trade fee.
Can I Recommend Payhip?
This leaves us with the burning question: after two years as a vendor on Payhip, do you recommend it? Total, yes. I am very much a customer, but whether you should use it depends upon your own situation.
If you’re a blogger with a small audience And you can’t justify spending $10+ a month to get something such as Gumroad, then yes, I would recommend Payhip. If you know that you’ll be doing at least $ 1,000 in sales each month and market a product that is high-ticket or have a huge audience, you might want to look into something most cost-efficient.
As of this date of this writing, Payhip functions On a set fee of 5 percent of every sale. Gumroad’s fee is currently 3.5% + $0.30 per transaction + $10 per month.
If you are going to be selling less than $1,000 a month in total quantity, the mathematics should (typically ) favor Payhip. But if you’re selling well into the thousands, you are probably going to need to go with Gumroad or look into some other choice. That is largely dependent on the number of transactions it takes to achieve those sales numbers though, so be sure that you crunch the numbers.
Personally, I love the Payhip Experience and am very thankful for their services. I want to see them continue to grow and succeed. Virtuemart Sell Digital Products