Introduction What Is Digital Goods
Of all the ways of monetizing Articles, my favorite Strategy is To make and sell digital products such as learning design templates and materials. I have discovered that it is extraordinarily profitable than running advertisements from networks like AdSense, and self explanatory products convert at a higher rate compared to an affiliate product that someone else created. The support I use to ease this is Payhip, and this article I’ll be discussing what I like and dislike about the service based in my Payhip expertise as a vendor for 2+ years. What Is Digital Goods
My Payhip Expertise
If you’ve ever wanted to sell digital products Through your own site, you’ll need a means to facilitate trades — some sort of infrastructure that will allow a client to select your product, cover it, and have it instantaneously delivered to them with whole hands-off automation. Payhip solves this problem.
Payhip is An that provides users with options and the simplest tools for hosting and promoting electronic products to their customers online.
The company Was co-founded by Abs Farah and Kahin Farah and is now based in my capital city of London.
What are the benefits of utilizing Payhip?
Each online Platform differs, and I have used a couple of them previously.
For me, having A stage that is simple to use and one that does not take a massive amount of my time is of utmost importance.
Payhip will Save you a great deal of time because everything is cared for on the Payhip platform.
The Benefits that I’ve gained the most from using Payhip comprise –
- EU VAT is cared for, and it can be a huge plus in my book.
- Affordable. The website takes zero charges asides From 5% per trade when you sell a digital item.
- Access to analytics accounts.
- Access to marketing tools. You have the option to create Coupons and social discounts.
- Ability to signup, manage and reward your affiliates.
- Access to product sharing tools. Plus it is possible to embed Your merchandise and purchase Now buttons on blog or your own website.
- The Capacity to setup mailing lists so that your clients can Subscribe and remain up to date with your goods, and much more.
- Immediate digital merchandise delivery via email link for customers.
What I Enjoy About Payhip
Let’s get to the information. 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 from credit/debit card using Stripe, plus they do not pay out monthly/weekly/quarterly or make you wait around for them to clear some kind of holding period. When a customer makes a purchase, the money is instantly available in your accounts, and in case you’ve got the PayPal and also Stripe programs installed on your mobile device, you are going to get notifications whenever a sale happens. What Is Digital Goods
I happen to appreciate this. The excitement of Seeing a sale that is brand new never gets old. It’s also great to wake up in the morning, reach to your phone, and also see you made X number of dollars while you were sleeping, and it’s all easily available for you to spend. The caveat to this can be Stripe. If your customers card with Stripe, there will be a three day hold before the money is available. This is all Stripe however — Payhip doesn’t hold your cash at all.
No Monthly Fees
Among those things that Payhip originally sold me on is that there is no Monthly fees or setup charges — only a simple flat fee of 5 percent per sale.
This was appealing to me Because, at the moment, my readership was less than 1/10th of what it’s now, and I was not positive 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 with a little crowd, Payhip was the no-risk solution that best match my situation.
Easy To Understand Analytics
Payhip’s back end Provides an analytics page That lets you view transactions and earnings quantities relative to this day, week, month, year, or some other specified range. On top of that, it’s a report.
If you used Google Analytics or Facebook analytics, the number of information you’re instantly smacked in the face can be a bit overwhelming, and lots of it’s largely useless also. Payhip just provides you exactly what you’re there to view — sales information. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another advantage users of Payhip experience is The capacity to conduct promotions by producing coupon codes.
The codes may be for any percentage you would Enjoy and for any (or all) products. They can run for whatever length you’d like (or even indefinitely,) along with the code itself can even be customized to whatever string of text you would like.
I have found this to be useful. Occasionally I’ll run a weekend promotion, post it on Facebook raise the post targeting a pixel audience and I don’t fail to go ROI positive with it. People truly do respond to limited time offers. What Is Digital Goods
Your Own Affiliate Program
Payhip Provides you the capability Readers sign up as an affiliate of your shop, and someone purchases a product you are able to grant them a commission of whatever percent you would like.
This is useful because it allows people To sell your merchandise for you, the commissions paid will be worth it and if they have a stage and an audience of their own they can tap to.
Easy Integration with Email Marketing
You will be, if you are into email marketing Able to integrate Payhip with your email marketing supplier that is preferred so that a sale is made, the email address of the purchaser could be added to a selected listing.
This is relatively small but I think it’s Pretty cool so I want to give it a reference — if you desire, you’ll have Payhip postage the buyer’s email address into the top left corner of each page of a PDF document they have purchased.
So if someone intends to buy your PDF Book subsequently make it publicly available for free they’ll need to be fine with their private email address being accessible. I think that is a creative means of deterring pirating.
Upload Many Kinds of Files
Payhip is not Only a marketplace for ebooks — You can upload any kind of digital file. Font files, video/audio files, photos, software, etc..
Overall Simplicity and Modern Design
One thing that can’t be overlooked whenever You’re selling something is how present your site looks. Individuals do not trust websites which appear obsolete, myself included. If a website looks like it has not been updated because the web 2.0 days, I start to wonder if perhaps I am in an abandoned building and placing my payment info into it would pretty much be like throwing my money into a black hole.
That is not the case with Payhip though. The Website has a design that is very modern and simple. This is what you’d expect a checkout page by a business to look like In the event that you should buy a product on the world wide web. What Is Digital Goods
Another thing I like about Payhip is its Overall simplicity. In the very moment a visitor lands on your product page, Payhip remains out of the way. They display your images, sales copy, and just the crucial information (like price.) They do nothing to interfere with your purchase — no self-promotion whatsoever.
Eventually, what I really like about Payhip is That customer payment information isn’t stored by them, meaning that your customers’ payment details are secure. The payment is handled through Stripe or PayPal, and I prefer it this way as they are large companies with lots of cash.
What I Dislike About Payhip
As much as I like Payhip, it’s far from perfect. Here are some things that I dislike about the service and would like to see enhanced…
No Mobile App
One thing that bugs me about Payhip is that They do not have a mobile program. It would be convenient to have the ability to open an app and take a look during my data while I’m out and about. The website is optimized for mobile devices, although you may log into the website and do this.
I enjoy Payhip, but this is a very Lousy look in 2018. There is no reason you should not have a website optimized for cellular, and once you have that, you ought to be able to easily turn the website itself right into it’s own program so users do not have to manually sign in each time they would like to check sales information. Users of Payhip experience a much better platform when they are on their devices.
No Upsells or Add-Ons In Checkout
On the checkout page, I’d like to see an ability to indicate Other products. If they’re purchasing a bundle of templates for $5, then I suggest some other product which may interest them that they previously didn’t know about, or might offer a package of business card templates to get a few bucks. This is something which websites like Amazon and VistaPrint do quite well.
I can not help but feel as though there’s a lot of money being left on the Table — for both myself and Payhip — without this functionality. This could improve 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 fixed.
Considering that Payhip is located at London, they have BST was place to by The functioning timezone for the site. Since I am located in the EST, I will occasionally check my stats at 7PM or afterwards and see that I left 0 sales for the day since Payhip thinks it’s midnight and its own data reveals that.
Again, this is mostly a non-issue, however I Would like to see that the ability to adjust the site to your timezone. What Is Digital Goods
More Flexibility with Coupon Codes
I know I raved about the voucher Code feature but it’s not quite perfect.
As it stands, the promotion You’re able to run via a coupon code. I’d like to have the ability to supply a dollar amount to set a predetermined sale price.
Right Now, if I want to put a merchandise that is $27 On sale for $10, I have to break out the calculator and manually do the math to determine what percentage off will render the final price. I believe that is unnecessary and could be improved.
When creating A new product in Payhip, you also have access to innovative options including —
- Make your merchandise personal.
- Insert an ISBN (Internation Standard Book Number) for your eBook.
- Publish sample pages or a few preview.
- To the number of copies of your product or market can be, Insert a limitation amount sold.
- Create a license key .
Just how much does this cost?
Payhip will Cost you nothing or host your products. The site takes just 5% commission per trade fee.
Can I Recommend Payhip?
This leaves us with the burning question: after two + years as a seller on Payhip, do you recommend it? Total, yes. I am very much a customer, but whether or not you ought to use it depends upon your own situation.
If you’re a new 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 sell a product that is high-ticket or have a massive audience and know you’ll do at least $ 1,000 in sales each month, you may want to look 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’re going to be selling $1,000 per month in total quantity, the mathematics should (in most cases) favor Payhip. But if you’re selling well into the thousands, you are probably going to want to decide on Gumroad or start looking into some choice. This is largely dependent on how many transactions it requires to reach those sales numbers so be sure that you crunch the numbers for yourself.
Personally, I absolutely love the Payhip Experience and am thankful for their solutions. I would like to see them continue to grow and succeed. What Is Digital Goods