Background What Digital Products Sell Best
Of all the ways of Creating blog Articles, my favorite Strategy is To create and sell electronic products like learning materials and design templates. I have found that it is extraordinarily more profitable than running advertisements and products convert at a significantly greater rate compared to an affiliate product that somebody else created. The service I use to facilitate this can be Payhip, and in this post I’ll be discussing what I like and dislike about the service based on my Payhip expertise as a seller for 2+ years. What Digital Products Sell Best
My Payhip Expertise
If you have ever wanted to sell digital products Through your own website, you are going to want a way to facilitate transactions — some kind of infrastructure which will enable a customer to select your product, cover it, and also have it immediately delivered to them with whole hands-off automation. Payhip solves this problem.
Payhip is An e-commerce platform/website that gives users with the easiest tools and options for hosting and selling products 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.
Which are the benefits of utilizing Payhip?
Each online Platform differs, and I’ve used a few of them in the past.
For me, having A stage that is so easy to use and one that doesn’t require a massive amount of my time that is precious is of paramount significance.
Payhip will Save a great deal of time too because everything is cared for on the Payhip platform.
The Advantages that I’ve gained the most from using Payhip comprise –
- EU VAT is cared for, which is a big plus in my book.
- Affordable. The site takes zero charges asides From 5 percent per trade when you sell a product that is digital.
- Access to analytics accounts.
- Access to marketing tools. You have the option to make Coupons and social discounts.
- Ability to signup, handle and reward your own affiliates.
- Access to product sharing programs . Plus it is possible to embed Your merchandise and Buy Now buttons directly on blog or your own website.
- The Capacity to set mailing lists so that your clients can Subscribe and stay up to date with your electronic goods, and much more.
- Instant digital product shipping via email link to buyers.
What I Enjoy About Payhip
Let us get to the details. Following 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, plus they do not pay out monthly/weekly/quarterly or make you wait around for them to clear some sort of holding period. When a client makes a purchase, the cash is immediately available in your accounts, and if you have the PayPal and also Stripe programs installed on your mobile device, you’ll receive notifications whenever a sale happens. What Digital Products Sell Best
I happen to appreciate this. The excitement of Seeing a brand new sale never gets older. In addition, it is good to awake in the morning, reach to your phone, and also see you made X number of dollars while you were sleeping, and it is all readily available for you to spend. The caveat to this is Stripe. If your customers card using Stripe, there will be a 3 day hold before the money is available. This is all Stripe though — Payhip doesn’t hold your cash at all.
No Monthly Charges
One of the things that Payhip originally sold me is that there’s no Monthly fees or setup charges — only a simple flat charge of 5 percent per sale.
This was attractive to me in 2016 Since, at the time, my readership was less than 1/10th of what it’s now, and I was not positive I was going to always sell enough product to justify paying a monthly fee for a similar service like Gumroad. As a relatively new blogger with a small audience, Payhip was the quickest solution that best fit my situation.
Simple To Understand Analytics
Payhip’s back end Provides an page That enables you to see transactions and earnings quantities relative to the day, month, week, year, or any other given selection. Best of all, it is a report that is to-the-point and simple.
If you’ve ever used Google Analytics or Facebook analytics, the amount of data you’re instantly smacked in the face can be a bit overwhelming, and lots of it’s mostly useless also. 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 encounter is The capacity to run promotions by creating coupon codes.
The codes can be for almost any percentage you would Like and for any (or all) products. They can run for any duration 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 helpful. Sometimes I will run a weekend promotion, place it on Facebook raise the post targeting a pixel audience and I never fail to go ROI positive by it. People do respond well to limited time offers. What Digital Products Sell Best
Your Own Affiliate Program
Payhip gives you the ability Readers register as an affiliate of your store, and someone purchases a product with their custom affiliate link, you can grant them a commission of whatever percentage you’d like.
This is useful since it allows people To sell your products the commissions paid will be well worth it and if they have a platform and an audience of their own they can tap into.
Easy Integration with Email Marketing
You’ll be, if you’re into email marketing Able to easily incorporate Payhip with your email advertising supplier so that a sale is made, the purchaser’s email address could be added to a list that is selected.
That is relatively minor 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 into the top left corner of every page of a PDF document they’ve purchased.
So if someone plans to buy your PDF Book make it accessible for free they will have to be fine with their personal email address being accessible also. I think that’s a very creative means of deterring pirating.
Upload Many Sorts of Files
Payhip is a market for ebooks — It’s possible to upload virtually any kind of file. Font files, video/audio files, photos, software, etc..
Total Simplicity and Modern Design
1 thing that can not be overlooked whenever You are selling something is your site appears. People don’t trust myself included. If a website looks like it hasn’t been updated because the net 2.0 times, then I start to wonder if perhaps I am in an abandoned construction and putting my payment information to it’d pretty much be just like throwing my money into a black hole.
That’s not true with Payhip though. The Website has a design that is very contemporary and easy. If you should buy a digital product on the internet, this is what you would anticipate a checkout page from a company to look like. What Digital Products Sell Best
Another thing I enjoy about Payhip is its Overall simplicity. In the a visitor lands on your product page, Payhip stays out of the way. They display your graphics, sales copy, and only the crucial info (such as price.) They do nothing to interfere with your sale — no self-promotion whatsoever.
Finally, what I like about Payhip is That customer payment information isn’t stored by them, meaning your clients’ payment details are safe. The payment is completely managed through Stripe or PayPal, and I prefer it this way as they’re large, successful companies with lots of money.
What I Dislike About Payhip
As much as I like Payhip, it’s far from perfect. Here are some items that I dislike about the service and would like to see improved…
No Mobile App
One thing that bugs me around Payhip is that They do not possess a mobile app. It would be convenient to have the ability to start an app and take a look through my sales data while I am out and around. You may log into the site and do so, but the site isn’t optimized for mobile devices.
I like Payhip, but that is a really Lousy appearance in 2018. There is no reason you shouldn’t have a site optimized for mobile, and once you have that, you should be able to easily turn the site itself right into it’s own program so users don’t have to manually register in every time they want to check sales information. Permit users of Payhip encounter a better platform when they are on their devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I would like to see an capability to suggest Other products similar to what the customer is about to buy. If they are purchasing a bundle of templates for $5, I could offer a bundle of business card templates to get a couple of extra dollars, or propose some other similar product that could interest them that they previously didn’t know about. This is something that sites like Amazon and VistaPrint do very 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 functionality. This could enhance the Payhip experience for both the vendor and the client.
Set On A Fixed Timezone
This one is largely frivolous, but I Like to see it fixed.
Considering that Payhip is located in London, they’ve BST was set to by the timezone for the whole website. Since I’m located in the EST, I’ll sometimes check my analytics at 7PM or later and see that I made 0 earnings for the day since Payhip believes it is midnight and its own data reflects that.
This is a non-issue, however I Would love to observe the capability to adjust the site to your timezone. What Digital Products Sell Best
More Flexibility with Coupon Codes
I know I raved about the coupon Code feature but it’s not quite perfect.
As it currently stands, the sole promotion You’re able to run via a voucher code. I’d like to be able to offer a dollar amount off the cost, or the capability to set a sale price that is predetermined.
Right Now, if I want to place a merchandise that is $27 On sale for $10, manually do the math to figure out what percentage off would leave the last price and I have to break out the calculator. I think that is unnecessary and may be made better.
When creating A new product in Payhip, you have access to advanced alternatives which include —
- 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 your product or eBook can be, Insert a limitation amount sold.
- Create a exceptional license key .
Just how much does this cost?
Payhip will Cost you nothing to set up or host your electronic products. The website takes only 5% commission per transaction fee.
Would I Recommend Payhip?
This leaves us with the burning question: after 2+ years as a seller on Payhip, would you recommend it? Total, yes. I am very much a customer, but whether you should use it depends on your situation.
If you’re a blogger with a small audience And you can not justify spending $10+ per month to get something like Gumroad, then yes, I would recommend Payhip. However, in case you have a huge audience or market a product and know that you’ll do at least $1,000 in sales every month, you might want to check into something most cost effective.
As of this date of the writing, Payhip works On a set fee of 5% 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 quantity, the math should (in most cases) prefer Payhip. But if you’re selling into the thousands, you’ll probably need to decide on Gumroad or start looking into another alternative. That is dependent on the number of transactions it requires to achieve those sales numbers so be sure that you crunch the numbers on your own.
Personally, I absolutely love the Payhip Expertise and am grateful for their services. I would like to see them continue to grow and succeed. What Digital Products Sell Best