Background What Is Pay Hip
Of All of the ways of monetizing Articles, my Strategy is Like studying layout templates and materials to create and sell digital products. I’ve discovered that it is extraordinarily rewarding than running ads from networks like AdSense, and products convert at a higher speed than an affiliate product that somebody else created. The service I use to ease this can be Payhip, and in this article I will be sharing what I like and dislike about the service based on my Payhip experience as a seller for 2+ years. What Is Pay Hip
My Payhip Expertise
If you wanted to sell digital products Through your own site, you are going to want a means to facilitate trades — some kind of infrastructure which will enable a client to select your goods, pay for it, and have it instantaneously delivered to them with complete hands-off automation. Payhip solves this problem.
What is Payhip?
Payhip is An e-commerce platform/website that gives customers with the tools and solutions for hosting and selling electronic products to their clients online.
The company Was co-founded by Abs Farah and Kahin Farah and is now 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 in the past.
For me personally, having A stage that is so simple to use and one that does not require a huge amount of my time that is valuable is of paramount importance.
Payhip will Save you a great deal of time because everything is taken care of on the Payhip platform.
The Advantages that I’ve gained the most from utilizing Payhip include –
- EU VAT is taken care of, which is a big plus in my book.
- Affordable. The website takes zero fees asides From 5% per trade when you sell a item that is digital.
- Accessibility to analytics reports.
- Access to marketing tools. You have the option to create Social and coupons discounts.
- Ability to signup, handle and reward your own affiliates.
- Access to merchandise sharing programs . Plus you can embed Your product and Buy Now buttons on your own website or blog.
- The Capacity to set mailing lists so that your clients can Subscribe and stay up to date with your electronic goods, and more.
- Immediate digital merchandise delivery via email link for buyers.
What I Enjoy About Payhip
Let’s get to the information. After my 2 year Payhip expertise, here’s what I really like about the ceremony…
Payments Are Instantaneous
Payhip let’s your customers pay with PayPal Or by credit/debit card with Stripe, and they do not pay out monthly/weekly/quarterly or make you wait around for them to clean some kind of holding period. When a customer makes a purchase, the money is instantly available in your accounts, and if you’ve got the PayPal and Stripe programs installed on your mobile device, you are going to get notifications each time a sale happens. What Is Pay Hip
I happen to appreciate this. The excitement of Seeing a brand new sale never gets old. In addition, it is great to wake up in the morning, reach to your telephone, and see that you made X number of dollars while you were sleeping, and it is all readily available for you to spend. The only caveat to this is Stripe. If your customers card with Stripe, there’ll be a 3 day hold before the cash is available. That is Stripe however — Payhip does not hold your cash in any way.
No Monthly Charges
One of those things that Payhip initially sold me is that there is no Monthly fees or installation charges — only a simple flat fee of 5% per sale.
This was appealing to me back Since, at the moment, my readership was less than 1/10th of what it’s now, and I was not positive that I was likely to always sell enough product to warrant paying a monthly fee to get a similar service like Gumroad. As a relatively new blogger with a little audience, Payhip was the quickest solution that best match my scenario.
Simple 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 given range. Best of all, it is a report.
If you’ve ever 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 mostly useless also. Payhip just provides you what you are there to see — revenue data. Nothing more, nothing less.
Run Promotions with Coupon Codes
Another benefit users of Payhip encounter is By producing coupon codes promotions to conduct.
The codes can be for any percentage you would Like and for any (or all) products. They can run for whatever length you want (or even indefinitely,) along with the code itself can even be customized to whatever series of text you would like.
I have found this to be somewhat helpful. Sometimes I will run a weekend promotion, place it on Facebook raise the article targeting a pixel audience that is re-marketing and I don’t fail to go ROI positive by it. People truly do respond to limited time offers. What Is Pay Hip
Your Own Affiliate Program
Payhip Provides you the ability Readers register as an affiliate of your shop, and you are able to grant them a commission of whatever percentage you would like whenever someone buys a product using their customized affiliate link.
This is useful since it allows other Men and Women To market your products for you, the commissions paid will be well worthwhile, and if they have a stage and an audience of their own they can tap to.
Easy Integration with Email Marketing
If you’re into email advertising, you will be Able to readily incorporate Payhip along with your email marketing supplier so that a purchase is made, the buyer’s email address can be added into a listing.
That is small but I think it’s Pretty cool so I wish to give it a mention — if you so desire, you can have Payhip postage the buyer’s email address to the upper left corner of each page of a PDF document they have purchased.
So if someone intends to buy your PDF Book make it publicly accessible for free somewhere else, they’ll have to be fine with their private email address being publicly available also. I think that’s a way of deterring pirating.
Upload Most Kinds of Files
Payhip is not just a market for ebooks — It’s possible to upload just about any sort of electronic file. Font documents, video/audio documents, photos, software, etc..
Total Simplicity and Modern Design
One thing that can’t be overlooked whenever You are selling something is how present your site appears. People do not trust myself included. If a website looks like it has not been upgraded because the web 2.0 times, then I begin to wonder if perhaps I am in an abandoned building and putting my payment info to it would pretty much be like throwing my money into a black hole.
That’s not true with Payhip though. The Website has a design. This is exactly what you would expect a checkout page from a trustworthy business to appear like if you were to buy a digital product on the internet. What Is Pay Hip
Another thing that I enjoy about Payhip is its own Overall simplicity. In the a visitor lands on your product page, Payhip stays out of the way. They display your graphics, sales copy, and just the crucial information (like price.) They do absolutely nothing to interfere with your sale — no self-promotion whatsoever.
Eventually, what I really like about Payhip is That customer payment information isn’t stored by them, meaning that your clients’ payment details are safe. The payment is totally managed through PayPal or Stripe, and I prefer it that way because they are large, successful companies with a lot of cash to invest on security.
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 service and would like to see improved…
No Mobile App
1 thing that bugs me about Payhip is that They don’t possess a program. It’d be convenient to be able to start an app while I am out and about and have a look. You may log into the website and do this, but the site is optimized for mobile devices.
I like Payhip, but this is a very Lousy appearance in 2018. There’s no reason you should not have a site optimized for cellular, and when you’ve got that, you ought to be able to easily turn the website itself right into it’s own program so users do not need to manually sign in every time they want to check sales information. Permit users of Payhip encounter a much better platform when they’re on their devices.
No Upsells or Add-Ons At Checkout
On the checkout page, I would like to see an added ability to suggest Other products. By way of instance, if they are buying a bundle of logo templates for $5, I propose some other product which could interest them that they previously didn’t know about, or could provide a bundle of business card templates for a couple of extra dollars. This is something which websites like VistaPrint and Amazon do.
I can’t help but feel as though there’s a lot of money being left on the Table — for myself and Payhip — without this functionality. This could improve the Payhip experience for both the client and the seller.
Establish On A Fixed Timezone
This one is mostly frivolous, but I Like to see it corrected.
Considering that Payhip is located in London, they’ve BST was set to by The functioning timezone for the site. Since I’m found in the EST, I’ll sometimes check my stats at 7PM or later and see that I left 0 earnings for the day because Payhip thinks it is midnight and its own data reveals that.
This is largely a non-issue, but I Would like to see the capability to adjust the site to your timezone. What Is Pay Hip
More Flexibility with Coupon Codes
I know I raved about the coupon It’s not perfect yet, although code feature earlier.
As it now stands, the promotion You can run via a voucher code is to get a percentage off. I’d like to be able to offer a dollar amount off the original cost, or the capability to set a specified sale price.
At the moment, if I want to put a product that is $27 Available for $10, I have to break out the calculator and manually do the math to figure out what percentage off will render the last cost. I believe this is unnecessary and may be made better.
When creating A brand new product in Payhip, you have access to innovative options which include —
- Make your merchandise personal.
- Insert an ISBN (Internation Standard Book Number) for your eBook.
- Upload sample pages or a preview.
- To the number of copies of your product or eBook can be, Insert a limit amount sold.
- Generate a license key that is exceptional .
How much does this cost?
Payhip will Cost you or even host your electronic products. The website takes only 5% commission per transaction 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 client, but whether you should use it depends upon your situation.
If you’re a new blogger with a small audience And you can’t justify spending $10+ a month to get something such as Gumroad, then yes, I would absolutely recommend Payhip. In case you sell a product that is high-ticket or have a massive audience and know that you’ll do at least $ 1,000 in sales every month, you might want to check into something most cost-efficient.
As of this date of the writing, Payhip works On a set fee of 5 percent 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 per month in total volume, the math should (typically ) favor Payhip. But if you are selling into the thousands, you’ll probably need to decide on Gumroad or look into some other alternative. That is largely dependent on the number of transactions it takes to achieve those sales numbers so make certain to crunch the numbers on your own.
Personally, I love the Payhip Experience and am very grateful for their solutions. I would like to see them continue to grow and succeed. What Is Pay Hip