Intro What Digital Products To Sell Online
Of All of the ways of monetizing content that is blog, my favorite method is To make and sell digital products. I’ve found that it is extraordinarily more rewarding than running ads from networks such as AdSense, and products convert at a higher rate than an affiliate product that somebody else created. The service I use to ease this can be Payhip, and this post I’ll be sharing what I both like and dislike about the service based in my Payhip experience for a vendor for 2+ years. What Digital Products To Sell Online
My Payhip Expertise
If you wanted to sell digital products Through your own website, you are going to need a way to facilitate trades — some kind of infrastructure that will allow 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 provides customers with options and the tools for promoting electronic products directly to their clients and hosting 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 advantages of utilizing Payhip?
Each online Platform differs, and I’ve used a few of these in the past.
Having A stage that is easy to use and one that doesn’t take a massive amount of my valuable time is of paramount significance.
Payhip will Save you a lot of time because everything is taken care of on the Payhip platform.
The Benefits that I’ve gained the most from utilizing Payhip include –
- EU VAT is taken care of, and it is a big plus in my book.
- Affordable. The site takes zero fees asides From 5 percent per trade when you sell a digital product.
- Accessibility to analytics reports.
- Access to advertising tools. You have the option to create Coupons and social discounts.
- Capability to signup, handle and reward your own affiliates.
- Access to product sharing programs . Plus it is possible to embed Your product and purchase Now buttons directly on your site or blog.
- The ability to set mailing lists so that your customers can Subscribe and remain current with your electronic products, and more.
- Immediate digital merchandise delivery via email link for buyers.
What I Enjoy About Payhip
Let us get to the information. Following my 2+ year Payhip experience, here’s what I really like about the service…
Upgrades Are Instantaneous
Payhip let us your customers pay with PayPal Or by credit/debit card using Stripe, and they don’t cover monthly/weekly/quarterly or force you to wait around for them to clean some sort of holding period. When a client makes a purchase, the cash is instantly available in your accounts, and if you’ve got the PayPal and also Stripe programs installed on your mobile device, you are going to receive notifications each time a sale happens. What Digital Products To Sell Online
I happen to love this. The excitement of Seeing a brand new sale never gets old. It’s also great to awake in the morning, reach to your telephone, and also see you made X amount of dollars while you were sleeping, and it’s all easily available for you to spend. The only caveat to this is Stripe. If your customers pays by card using Stripe, there will be a 3 day hold until the money is available. This is Stripe though — Payhip doesn’t hold your cash at all.
No Monthly Fees
Among the things that Payhip initially sold me on is that there is no Monthly charges or installation charges — just a simple flat fee of 5 percent per sale.
This was appealing to me in 2016 Because, at the time, my readership was 1/10th of what it’s now, and that I wasn’t positive I was going to always sell enough product to justify paying a monthly fee to get a similar service such as Gumroad. As a relatively new blogger with a little audience, Payhip was the quickest solution that best fit my situation.
Easy To Know Analytics
Payhip’s back end offers an page That enables you to view transactions and earnings amounts relative to this day, month, week, year, or some other given selection. Best of all, it’s a report that is to-the-point and straightforward.
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 is largely useless too. Payhip just provides you exactly what you’re there to see — sales data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip encounter is The ability to conduct promotions by creating coupon codes.
The codes can be Like and for any (or all) products. They could run for whatever duration you’d like (or even permanently,) and the code itself may even be customized to whatever series of text you desire.
I’ve found this to be helpful. Occasionally I will conduct a weekend promotion, post it on Facebook boost the article targeting a pixel re-marketing audience and I don’t fail to go ROI positive with it. People do respond well to limited time offers. What Digital Products To Sell Online
Your Own Affiliate Program
Payhip Provides you the ability to let your Readers register as an affiliate of your store, and you can award them a commission of whatever percent you would like, someone buys a product with their custom affiliate link.
This is useful because it allows other people To sell your merchandise for you, the commissions paid will be worthwhile and if they have an audience of their own and a stage that they can tap to.
Easy Integration with Email Marketing
If you’re into marketing, you will be Able to readily incorporate Payhip along with your email advertising supplier so that if a purchase is made, the purchaser’s email address could be added to a list.
That is small but I think it’s Pretty cool so I wish to give it a reference — if you desire, you can have Payhip postage the purchaser’s email address into the upper left corner of every page of a PDF document they have purchased.
So if someone plans to buy your PDF Book subsequently make it available for free somewhere else, they’ll need to be okay with their email address being available. I think that is a way of deterring pirating.
Upload Most Kinds of Files
Payhip isn’t Only a marketplace for ebooks — It’s possible to upload virtually any sort of file. Font documents, video/audio documents, photographs, software, etc..
Overall Simplicity and Modern Design
1 thing that can not be overlooked whenever You’re selling something is your website looks. Individuals generally don’t trust myself included. If a website looks like it hasn’t been updated since the web 2.0 times, then I begin to wonder if maybe I’m in an abandoned construction and placing 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 Site has a simple and very contemporary design. If you should purchase a digital product this is exactly what you would anticipate a checkout page by a company. What Digital Products To Sell Online
Another thing that I enjoy about Payhip is its Overall simplicity. From the very second a visitor lands on your product page, Payhip stays out of the way. They display your graphics, sales copy, and just the crucial info (such as price.) They do nothing to interfere with your purchase — no.
Finally, what I enjoy about Payhip is That customer payment information isn’t stored by them, meaning your customers’ payment details are safe. The payment is managed through Stripe or PayPal, and I prefer it that way as they are big, successful companies with lots 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 things that I dislike about the ceremony and would like to see enhanced…
No Mobile App
1 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 while I’m out and about and take a look. You do this and can log in to the site, but the website is optimized for mobile devices.
I like Payhip, but that is a very Bad look in 2018. There’s no reason you should not have a site optimized for mobile, and when you have that, you should be able to easily turn the website itself right into it’s own program so users don’t have to manually sign in each time they want to check sales information. Users of Payhip experience a platform when they’re on their cellular devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I would like to see an ability that is added to indicate Other products similar to what the client is about to buy. By way of instance, if they’re purchasing a package of logo templates for $5, I propose some other similar product that could interest them that they previously didn’t know about, or could offer a package of business card templates to get a few added dollars. This is something that websites like Amazon and VistaPrint do well.
I can not help but feel as though there’s a Great Deal of money being left on the Table — for myself and Payhip — with no functionality. This could enhance the Payhip experience for both the customer and the vendor.
Establish On A Fixed Timezone
This one is frivolous, but I’d still Prefer to see it corrected.
Since Payhip is located in London, they have BST was set to by the timezone for the website. Since I am found in the EST, I will sometimes check my analytics at 7PM or afterwards and see that I left 0 sales for the day because Payhip believes it is midnight and its data reflects that.
Again, this is mostly a non-issue, however I Would like to observe the capability to adjust the website. What Digital Products To Sell Online
More Flexibility with Coupon Codes
I know I raved about the coupon It is not quite perfect, although code feature earlier.
As it stands, the advertising You can run through a coupon code is to get a percentage off. I’d like to have the ability to offer a dollar amount from the initial cost, or the ability to set a sale price.
Right Now, if I want to place a product On sale for $10, do the math to figure out what percentage off would render the final price at $10 and I must break out the calculator. I think that is unnecessary and may be made better.
When creating A new product in Payhip, you also have access to innovative options which include —
- Make your product private.
- Insert an ISBN (Internation Standard Book Number) for your eBook.
- Upload a preview or sample pages.
- To how many copies of eBook or your product can be Insert a limit number sold.
- Generate a unique license key .
Just how much does this cost?
Payhip will Cost you to set up or even host your electronic products. The site takes only 5 percent commission per transaction fee.
Would I Recommend Payhip?
This leaves us with the burning question: after two + years as a seller on Payhip, would you recommend it? Overall, yes. I am a happy customer, but whether you should use it depends on your situation.
If you are a new blogger with a small audience And you can’t justify spending $10+ per month for something such as Gumroad, then yes, I would recommend Payhip. But in case you market a product that is high-ticket or have a massive audience and know you’ll be doing at least $ 1,000 in sales each month, you may want to check into something.
As of the date of the writing, Payhip works On a flat fee of 5 percent of each sale. Gumroad’s fee is now 3.5% + $0.30 per transaction + $10 per month.
If you are going to be promoting less than $1,000 per month in total volume, the math should (in most cases) prefer Payhip. But if you’re selling into the thousands, you are probably going to need to go with Gumroad or look into some alternative. This is largely dependent on the number of transactions it requires to reach those sales numbers so be sure to crunch the numbers.
Personally, I absolutely love the Payhip Expertise and am thankful for their solutions. I want to see them continue to grow and succeed. What Digital Products To Sell Online