I am a digital marketing consultant and an entrepreneur. I have worked with several branding freelancers and created online businesses.
Content creators who wish to generate money online nowadays have a plethora of possibilities. It is an incredible time to be alive. Many websites have partnership programs or e-commerce platforms to allow creators to make money online.
One such platform is Gumroad.
I self-published my first ebook on Gumroad and immediately had five sales. I marketed my book through Medium and my social media profile. It was the best feeling making my first dollar on the internet.
It's not like I'm the only one who does it. According to the Gumroad blog, over 46,000 producers made money on Gumroad in 2021.
As a marketer and content developer, I will view Gumroad as having tremendous potential for everyone interested in joining the content creators' journey and making money online.
This is an in-depth and candid evaluation of Gumroad.
My Gumoad review will answer the most frequent questions if you want to learn more about the site.
The following is a list of topics covered in this article:
- What is Gumroad?
- How does Gumroad work?
- Is Gumroad safe?
- How much of your earnings does Gumroad take?
What Is Gumroad?
Gumroad is a digital marketplace for self-publishing where anybody can purchase and sell items or services.
According to Fastcompany, Sahil Lavingia, a former Pinterest designer and Gumroad creator, came up with the platform concept. He wanted to market his photorealistic symbol. But, selling it directly to end users necessitated a significant amount of work.
In 2011, Sahil Lavingia spent a single weekend building the first iteration of the Gumroad platform. It has grown to over 46,000 artists and generated $142 million in 2020, a 94 percent increase over 2019.
Despite the fact that many customers expect to pay nothing for digital content like ebooks or music these days, Sahil believes Gumroad, as a digital marketplace, can help artists' economies grow.
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Content creators aren't volunteers. You have bills to pay. Plus, content creators would like to increase their incomes to reduce the effect of inflation on their finances.
To produce something that will assist others in learning new things, gaining new abilities, and solving issues take time, energy, and effort. As such, content creators deserve compensation.
If content producers are compensated for their efforts, they will devote more time to providing more value to their audience.
Gumroad assists creators in accomplishing this goal.
How Does Gumroad Work?
The slogan of the platform is "Go from 0 to $1."
In other words, its primary objective is to assist you in making your first Gumroad transaction.
To sell on Gumroad, you don't need to be an English native speaker with years of professional expertise or persuasive talents. You need a create a digital product, build an audience, and direct them to your Gumroad page.
Gumroad is a simple platform to get started with.
This is how it goes.
1. Create a Gumroad profile.
It just takes a few minutes to create a Gumroad account.
To get started, you simply need to do three things: Upload your photo, write your bio, and state your user name.
When you're finished, go to the following URL to access your profile:
2. Change the setting.
Fill out the settings for a few minutes.
All prices are listed in USD by default. GBP, EUR, Yen, and Rupees are among the 18 more currencies supported.
According to Gumroad, all sales will be made in US dollars, which will then be converted into your desired currency using their current exchange rate.
Gumroad sends payments to content producers via PayPal and Stripe. As a result, you'll need to submit your PayPal email address and fill out the relevant personal information.
You'll be able to receive Gumroad rewards after your PayPal account is linked.
That is it. You are all set.
Go ahead to add your digital products and write your product description.
Is Gumroad Safe?
Although Gumroad has been in operation since 2011 and has received over $1.1 million in funding, some individuals are still skeptical of its safety.
I self-published my first digital product on Gumroad in January 2022. Despite not aggressively advertising my goods, I've made five sales in days. I grew a supportive community, told them I had a book available, and provided a link where they could access the e-book.
Gumroad, for independent artists. It is a secure place to purchase and sell online, in my opinion.
I'll give you a few more information to help you form your own conclusion about Gumroad: According to Wikipedia, well-known singers such as Eminem, Bon Jovi, David Banner, and others sold their songs on Gumoad. In 2020, Gumroad's income climbed by 94% over the previous year. In 2020, 46,000 artists made money on Gumroad, with 8 making over $1,000,000.
How Much of Your Earnings Does Gumroad Take?
Gumroad is a completely free service. There are no hidden fees or monthly fees. Gumroad earns money by allowing you to sell items or services online.
For example, on Gumroad, I offer an ebook for $29.99. Every sale I make on Gumroad costs $2.99, or 9% of the total transaction price. Because I am new to Gumroad, I pay the highest transaction cost.
Gumroad rewards customers who stay with them. Thus, creators who sell on the platform on a regular basis pay lower costs.
For your convenience, here is the Gumroad charge table:
This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.
© 2022 Kandice Fyffe