Introduction What Is Digital Ecommerce
Of All of the ways of monetizing content, my favorite method is To create and sell products such as learning materials and layout templates. I have found that it is extraordinarily more rewarding than running ads and products convert at a significantly higher speed than an affiliate product that somebody else created. The service I use to ease this can be Payhip, and this article I’ll be discussing what I like and dislike about the service based on my Payhip experience for a vendor for 2+ years. What Is Digital Ecommerce
My Payhip Expertise
If you’ve ever wanted to sell products Through your own site, you are going to want a way to facilitate transactions — some kind of infrastructure that will allow a customer to select your goods, cover it, and have it instantaneously delivered to them with whole hands-off automation. Payhip solves this problem.
Payhip is An that gives users with solutions and the tools for hosting and promoting 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.
Which are the advantages of using Payhip?
Each online Platform differs, and I have used a couple of these previously.
For me personally, having A platform that is easy to use and one that doesn’t require a huge amount of my time that is valuable is of utmost importance.
Payhip will Save a lot of time because everything is cared for 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 percent per transaction when you sell a digital product.
- Access to analytics accounts.
- Access to advertising tools. You have the option to make Coupons and social discounts.
- Capability to signup, handle and reward your affiliates.
- Access to merchandise sharing tools. Plus you can embed Your merchandise and Buy Now buttons on blog or your own site.
- The ability to set mailing lists so that your clients can Subscribe and remain current with your products, and more.
- Immediate digital merchandise shipping via email link to customers.
What I Like About Payhip
Let’s get to the details. After my two year Payhip expertise, Here Is What I love about the ceremony…
Upgrades Are Instantaneous
Payhip let’s your customers pay with PayPal Or by credit/debit card with Stripe, plus they don’t pay out 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 money is instantly available in your account, and in case you’ve got the PayPal and Stripe programs installed on your mobile device, you’ll receive notifications whenever a sale occurs. What Is Digital Ecommerce
I happen to love 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 telephone, and also see you made X number of dollars while you were sleeping, and it’s all readily available for you to spend. The only caveat to this can be Stripe. If your clients card using Stripe, there’ll be a three day hold until the cash is available. That is Stripe though — Payhip does not hold your cash in any way.
No Monthly Fees
One of those things that Payhip initially sold me is that there’s no Monthly charges or installation charges — just a simple flat charge of 5 percent per sale.
This was appealing to me in 2016 Because, at the moment, my readership was less than 1/10th of what it’s now, and I wasn’t positive that I was going to always sell enough product to warrant paying a monthly fee to get a similar service like Gumroad. As a relatively new blogger having a little audience, Payhip was the quickest solution that best match my scenario.
Easy To Know Analytics
Payhip’s back end Provides an page That lets you see trades and earnings amounts relative to this day, week, month, year, or some other specified selection. On top of that, it is a to-the-point and straightforward report.
If you used Google Analytics or Facebook analytics, the amount of data you’re immediately smacked in the face with can be somewhat overwhelming, and a lot of it’s largely useless also. Payhip just provides you exactly what you’re there to view — revenue information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip encounter is The ability to conduct promotions by creating coupon codes.
The codes may be for any percentage you would Enjoy and for any (or all) products. They can run for whatever duration you want (or even permanently,) and the code itself can even be customized to whatever series of text you would like.
I have found this to be useful. Occasionally I will conduct a weekend marketing, post it on Facebook, then boost the article targeting a pixel audience and I don’t fail to go ROI positive by it. People do respond well to limited time offers. What Is Digital Ecommerce
Your Own Affiliate Program
Payhip gives you the ability to let your Readers sign up as an affiliate of your store, and you are able to grant if someone buys a product using their customized affiliate link.
This is useful since it allows other Men and Women To sell your merchandise for you, the commissions paid will be well worth it and if they have an audience of their own and a platform they can tap to.
Easy Integration with Email Marketing
You’ll be, if you’re into advertising Able to incorporate Payhip along with your email advertising provider that is preferred so that whenever a purchase is made, the email address of the purchaser could be added into a list that is chosen.
That is minor but I think it’s Pretty cool so I wish to give it a mention — if you desire, you’ll have Payhip postage the buyer’s email address into the upper left corner of every page of a PDF document they’ve purchased.
So if someone plans to Purchase Your PDF Publication make it publicly accessible for free they will have to be okay with their personal email address being publicly accessible also. I believe that’s a creative means of deterring pirating.
Upload Many Kinds of Files
Payhip is a market for ebooks — It’s possible to upload 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’re selling something is your website looks. Individuals don’t trust myself included. If a site looks like it has not been updated since the net 2.0 days, I start to wonder if perhaps I’m in an abandoned construction and placing my payment info into it’d pretty much be like throwing my money into a black hole.
That’s not the case with Payhip though. The Site has a layout that is simple and very contemporary. This is what you would anticipate a checkout page by a trustworthy business, if you should buy a digital product on the internet. What Is Digital Ecommerce
Another thing that I like 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 information (such as price.) They do absolutely nothing to interfere with your purchase — no self-promotion whatsoever.
Finally, what I really enjoy about Payhip is That customer payment info isn’t stored by them, meaning that your clients’ payment details are secure. The payment is handled through PayPal or Stripe, and I prefer it that way as they are large, successful companies with lots of money to invest on security.
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 about Payhip is that They don’t possess a program. It’d be convenient to have the ability to start an app and have a look through my data while I’m out and about. The site isn’t optimized for mobile devices, although you do this and may log in to the website.
I enjoy Payhip, but that is a really Bad appearance in 2018. There’s no reason you shouldn’t have a site optimized for mobile, and when you have that, you ought to be able to easily turn the website itself into it’s own app so users don’t have to manually register in each time they want to check sales information. Users of Payhip experience a platform when they’re on their devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I would really like to see an added capability to suggest Other products similar to what the client is going to purchase. If they’re purchasing a bundle of templates for $5, I might provide a package of business card templates for a couple of extra dollars, or propose some other product which may interest them they previously didn’t know about. This is something that sites like Amazon and VistaPrint do well.
I can not help but feel like there is a lot of money Table — for myself and Payhip — without this operation. This may improve the Payhip encounter for both the seller and the client.
Set On A Fixed Timezone
This one is largely frivolous, but I had still Prefer to see it fixed.
Considering that Payhip is located in London, they’ve The functioning timezone for the entire website place to BST. Since I’m located in the EST, I will occasionally check my stats at 7PM or afterwards and see that I made 0 earnings for the day because Payhip thinks it’s midnight and its own information reflects that.
Again, this is a non-issue, however I Would like to observe that the capability to correct the site to your own timezone. What Is Digital Ecommerce
More Flexibility with Coupon Codes
I know I raved about the voucher It’s not quite perfect, although code feature earlier.
As it now stands, the advertising You’re able to run through a coupon code. I’d love to have the ability to offer a dollar amount from the original cost, or the ability to set a sale price.
At the moment, if I Need to place a merchandise that is $27 Available for $10, I must break out the calculator and manually do the math to determine what percent off would render the final cost. I believe this is unnecessary and could be made better.
When creating A new product in Payhip, you also have access to advanced alternatives including —
- Make your product private.
- Insert an ISBN (Internation Standard Book Number) for your eBook.
- Publish sample pages or a preview.
- Insert a limit amount sold.
- Create a license key that is unique for all your product/eBook sales.
Just how much does this cost?
Payhip will Cost you nothing to establish or even host your products. The website takes just 5 percent commission per transaction fee.
Would I Recommend Payhip?
This leaves us with the burning question: after 2years as a seller on Payhip, would you recommend it? Overall, yes. I am very much a satisfied client, but whether you ought to use it depends on your own situation.
If you are a blogger with a small audience And you can not justify spending $10+ a month to get something such as Gumroad, then yes, I would recommend Payhip. However, if you market a product that is high-ticket or have a massive audience and know you’ll do at least $ 1,000 in sales every month, you might want to check into something.
As of the date of the writing, Payhip functions On a set fee of 5% of every sale. Gumroad’s fee is now 3.5% + $0.30 per transaction + $10 a month.
If you are going to be promoting less than $1,000 per month in total volume, the math should (in most cases) favor Payhip. But if you’re selling into the thousands, you are probably going to want to go with Gumroad or start looking into some choice. This is dependent on the number of transactions it requires to achieve those sales numbers though, so be sure to crunch the numbers.
Personally, I absolutely love the Payhip Expertise and am very grateful for their services. I would like to see them continue to grow and succeed. What Is Digital Ecommerce