Unlocking Income Potential: My Payhip Journey to $1,700
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Chapter 1: A Slow Start
Last month proved to be quite sluggish for my business. The summer months tend to slow down activities in my field. Payhip serves as a vital income channel for my digital marketing endeavors, where I market digital products and services. This platform facilitates my payment collection for various offerings.
Payhip presents diverse payment options, including one-time payments, subscriptions, and payment plans.
How does Payhip operate?
You can register for free and set up your online store filled with your offerings, such as coaching services, online courses, eBooks, and memberships.
You will need to complete a few steps to:
- Add product details
- Create your sales page
- Set your pricing
- Upload a product thumbnail
Once you're done, you simply publish your store! While joining is entirely free, Payhip does retain a percentage of your sales. If you opt for a paid plan, their commission is lower.
Payhip Marketplace
Payhip also features a marketplace that showcases a variety of products from different creators. By placing your products in this marketplace, you can reach a broader audience.
Section 1.1: My Earnings Breakdown
I attract visitors to my Payhip store, leading to purchases of my digital marketing courses such as the DBA (Digital Boss Academy) and UBC (Ultimate Branding Course). Additionally, I offer services including Pinterest audits, digital marketing coaching, and blog creation.
Here’s a glimpse of my analytics from Payhip...
And here’s my progress for September so far, just five days in...
Payhip vs. Gumroad
I utilize both Payhip and Gumroad for my sales. Each platform has its advantages. I began my journey with Gumroad, which I still appreciate, even though it tends to be pricier than Payhip.
However, Gumroad lacks certain features offered by Payhip, such as more flexible payment options. Consequently, I turned to Payhip for that benefit. I don't plan on abandoning Gumroad, as I have a significant number of products there, which are interlinked through my Medium and personal blogs. If I were to close my Gumroad store, I would lose all those backlinks.
At present, I continue using both platforms, which are free to start, aside from their commission on sales.
Section 1.2: Strategies for Success
To generate income on Payhip, create and market your products and services effectively. The key lies in how you manage your marketing efforts.
I embarked on my digital marketing journey seven months ago, which has enabled me to earn four figures monthly from my digital offerings.
I chronicled my experience in this series, aiming to establish an additional income stream. After just two months, I reached an average of $5,000 monthly from this channel.
While it demands effort, it is also rewarding and enjoyable. If you’re interested in exploring digital marketing, you can check out the course that started it all for me. Feel free to reach out to me on Instagram or via email at [email protected] if you have any questions or wish to discuss further.
Income Goals for September
This month, I aspire to exceed $2,000 in earnings! Time will tell how successful I’ll be.
Have you considered using Payhip? Would you give it a try?
Note: This article contains affiliate links.
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Chapter 2: Learning from Experts
In this video, titled "How to Make Money On Payhip in 2024," you'll discover effective strategies for leveraging Payhip to maximize your earnings.
The second video, "I Made $680 Uploading Files To Google Drive (so you can copy me)," provides insights into a straightforward method to generate income online, which you can replicate.