Do you own a website, online blog, or any other online service? And are you looking to make the step from hobbyist to full time professional? Then you’re in for some very exciting times ahead! You’ll need to start somewhere though and finding a suitable starting point for the monetization of your blog can sometimes be hard to find. That’s why we’ve come here to help you out! In this article we’re going to discuss how you can use a tool called Payhip to easily offer digital downloads on your website and start cashing out that sweet earned money in no time!
Before diving into the many features Payhip has to offer, let’s first take a look at the basics of online monetization! As some of you may know, the possibilities for online monetization are pretty much infinite, but some are easier, and more profitable, than others. Options can range anywhere from affiliate marketing to ad campaigns, but in this article, we’ll be looking at a specific type of online monetization, the selling of digital products and memberships! This method of monetization yields infinite possibilities, as any type of website ranging all the way from ecommerce store, to one of many blogs, can use this method to earn money in one way or another. Digital products can literally be anything you might think of, from eBooks, to software, to online courses, whatever your heart desires! An advantage of monetizing your website this way is that it doesn’t take constant content creation to stay relevant, you just create the product, put it up for sale, and then spend the rest of the time promoting it, and there have been many incredible success stories using this method in the past, a famous example being Microsoft with the release of their Office products obviously! If you’re more of a blog writer, this method of monetization also offers plenty of opportunity for you! In this case you can start selling premium memberships to access more content, if you make sure to post high quality, compelling, content to your blog, then this offer will be attractive to many people! Sounds great, but how do we implement this into our own website?
All these amazing features leave us wondering, is Payhip too good to be true? There must be a catch, right? Well, let’s have a look at the downsides of using this amazing ecommerce tool to find out! First off, as we’ve seen before with tools like this, the customer support appears to be lacking behind a little bit. If you do happen to encounter an issue with this tool, which won’t happen very often, you shouldn’t expect too much help from customer support! Not so much an issue, rather an inherent design choice, is that Payhip isn’t an ecommerce builder, it requires you to already own a website for you to use it! This might be annoying to some, but most of us reading this article should already have their own website.
Let’s move onto the next big make or break point in online tools like this, the pricing! This is where Payhip truly excels, and this is where it goes beyond any of its competitors. Be ready for a surprise, Payhip comes at a tremendous price tag of a massive $0, that’s right, it’s totally free! Obviously, there’s a catch to this, Payhip offers three different pricing plans, they all come with the same features, but they hold different transaction fees. With the free plan you’re looking at 5% transaction fees per transaction, whilst for the so called ‘plus’ plan you pay $29 a month, but you only pay 2% transaction fee on every sale. It’s possible to completely eliminate transaction fees by buying the ‘pro’ plan, for that you’ll pay $99 a month! Please note that PayPal or Stripe, the two payment options, will always charge their full transaction fees, no matter what plan you choose!
All in all Payhip is the perfect starting point to turn your hobby into a profession! With the free price point, it’s always worth a try. Payhip offers the features you need to get started in the world of ecommerce, sell your digital downloads, sell subscriptions to your blog, no matter what you’re looking for, Payhip has you covered! In terms of pricing, the plan right for you can be calculated by estimating your monthly payments towards transaction fees, but anyone can get started with Payhip’s unmatched free plan! Thank you for reading, and good luck on your journey to monetization!