How To Optimize Anchor Text Effectively In 2024
Feb 26, 2024
Every digital creator needs an online marketplace to sell their creations. After all, making money is a necessity for everybody. Therefore, to help online creators make money, we have a new platform amidst us – Gumroad.
This platform lets digital content and asset creators sell their creations. This can range from a wide variety of digital products, like digital fashion and digital artwork
Therefore, read this post till the end to learn more about this platform. If you read this post, you will know what you can sell here, what you can’t, and how to earn.
Gumroad is a platform that allows you to sell almost anything online, from digital products to physical goods.
Whether you are a creator, an entrepreneur, or a hobbyist, you can use Gumroad to monetize your passion and skills.
Here are some examples of what you can sell on this platform:
These are products that can be downloaded or accessed online, such as
You can upload your files to Gumroad and set your price or let your customers pay what they want.
You can also offer different versions or tiers of your product, such as standard, premium, or deluxe. Gumroad will deliver your digital products to your customers, helping you track your sales and analytics on your dashboard.
These products, such as newsletters, magazines, podcasts, communities, coaching, etc., require recurring customer payments.
You can create a membership or subscription product on Gumroad and choose its billing frequency (monthly, quarterly, or yearly).
You can also offer different plans or levels of access, such as basic, pro, or VIP. Gumroad handles the billing and renewal of your memberships and subscriptions, helping you manage everything from your dashboard.
These products, such as books, clothing, accessories, art, etc., must be shipped to your customers. You can create a physical product on Gumroad and specify the shipping options, such as domestic, international, or free.
You can add variants or options to your product, such as size, color, or style. Gumroad will collect the shipping information and payment from your customers, and you can fulfill your orders on your dashboard.
However, there are some things that you cannot sell on Gumroad, either because they violate Gumroad’s terms of service or because they are considered high-risk products by Gumroad’s payment and regulatory partners. Here are some examples of what you cannot sell on Gumroad:
You cannot sell any content or activity that discriminates against people based on their sex, race, religion, disability, sexual preferences, or age. This includes any content that:
You cannot sell any products that you do not own or have the rights to sell, like other’s eBooks and courses.
Additionally, you cannot resell products that you have previously purchased, such as software license keys, etc.
You cannot sell any services that involve web hosting or servers, such as IPTV subscriptions, VPN services, etc. These are considered high-risk products because they are often associated with fraud and chargebacks.
You cannot sell tickets to events, such as concerts, festivals, conferences, etc., or use Gumroad to collect money for events you are organizing or hosting.
These are considered high-risk products because they are often subject to refunds, cancellations, or disputes.
You cannot sell any eBooks to which you have acquired reseller rights, such as Private Label Rights (PLR) products.
These are considered low-quality products that do not provide value to the customers and may harm your reputation and ranking on Gumroad.
You cannot sell any physical goods that you did not create or own the rights to. These are considered high-risk products because they may involve counterfeit, stolen, or defective items, resulting in complaints and returns.
You cannot sell any jewelry products on Gumroad, such as rings, necklaces, bracelets, etc. These are considered high-risk products because they may involve precious metals, stones, or gems that may be difficult to verify, value, or insure.
You cannot sell any products that involve Steam keys or hacks, such as gaming accounts, cheats, or bots. These are considered high-risk products because they may violate the terms of service of the original platforms. In addition, they may be fraudulent, illegal, or harmful.
You cannot sell any pornographic content that displays real humans engaging in sexual activities. Moreover, this can be in the form of videos photos, or live streams.
These are considered high-risk products because they may involve consent, privacy, or legal issues or may be offensive or inappropriate for some audiences.
Artwork or illustrations are generally allowed as long as they do not violate Gumroad’s terms of service.
You cannot sell any gift cards on Gumroad, such as Amazon, iTunes, or Starbucks gift cards. These are considered high-risk products because they may involve fraud, theft, misuse, or violation of the original platforms’ terms of service.
Gumroad handles your payment processing and product delivery and deposits your earnings directly to your bank or PayPal accounts. Here is how you get paid by Gumroad in detail:
Before you can start selling and getting paid by Gumroad, you must set up your payment settings. You can do this by going to your dashboard and clicking the “Settings” tab.
Then, you must choose your payout mode, which depends on your country of residence. There are three main payout modes: bank payouts, Stripe payouts, and PayPal payouts.
Let’s look at each of them in detail:
This is the default and preferred payout mode for most countries. If you choose this mode, Gumroad will deposit your earnings directly to your bank account in your local currency.
You must provide your bank account information, such as your account number, routing number, IBAN, SWIFT code, etc. You must also provide a valid government-issued photo ID and proof of residence within your country.
This is an alternative payout mode for some countries where Stripe operates. If you choose this mode, Gumroad will connect your Stripe account to receive payments for credit card sales directly to your Stripe account.
You need to have a Stripe account and provide your Stripe credentials, such as your email address, password, and ChatGPT API keys.
You must also provide your bank account information, such as your account number, routing number, IBAN, SWIFT code, etc.
Stripe payouts are available in all Stripe operating countries except Brazil, India, Indonesia, Malaysia, Mexico, Philippines, and Thailand.
This is the only payout mode for some countries where there is no support for bank and Stripe payouts. Gumroad will deposit your earnings to your PayPal account in USD if you choose this mode. You need to have a PayPal account and provide your PayPal email address.
Therefore, you must verify and link your PayPal account to your bank account or credit card. PayPal payouts are available in all countries where PayPal operates, except the countries where bank payouts and Stripe payouts are available.
After you have set up your payment settings, you need to understand your payout schedule, which is the frequency and timing of your payouts.
Gumroad pays you out on a rolling basis, meaning you receive payment for your sales after a certain number of days. The number of days depends on your payout mode and country of residence.
Here are the general rules for the payout schedule:
If you choose bank payouts, you will receive payment every Friday for sales made up to 10 days prior. For example, if you have a sale on Monday, January 1st, you will get paid for it on Friday, January 12th.
However, some countries have different payout schedules, such as Australia (every Wednesday, for sales made up to 7 days prior), Canada (every Wednesday, for sales made up to 5 days prior), and Japan (every Friday, for sales made up to 14 days prior).
If you choose Stripe payouts, you will receive payment according to your Stripe payout schedule, which you can customize in your Stripe dashboard. By default, Stripe pays you out daily for sales made up to 7 days prior.
For example, if you make a sale on Monday, January 1st, you will get paid for it on Monday, January 8th.
However, depending on your preferences, you can change your payout schedule to weekly, monthly, or manually.
If you choose PayPal payouts, you will receive payment every other Friday for sales made up to 2 weeks prior. For example, if you have a sale on Monday, January 1st, you will get paid for it on Friday, January 19th.
However, some countries have different payout schedules, such as Brazil (every other Wednesday, for sales made up to two weeks prior), India (every other Wednesday, for sales made up to 7 days prior), and Thailand (every other Wednesday, for sales made up to 2 weeks prior).
After you have understood your payout schedule, you can check your payout status in your dashboard. You can see your current balance, next payout date, and payout history.
Additionally, you can also download your payout reports, which show you the details of each payout, such as the amount, the currency, the fees, the sales, and the refunds.
Moreover, you can also see your sales analytics, which shows your products’ performance, such as the views, conversions, revenue, customers, and sources. Therefore, you can use this data to optimize your products and increase your sales.
As you can see, Gumroad is a versatile platform that lets you sell what you want, how you want. You can also customize your product pages, embed your products on your own website, integrate with other tools and apps, and more. Gumroad charges a small fee per sale, but there are no monthly fees or hidden costs.
If you sell any products that violate Gumroad’s terms of service, you may face consequences such as account suspension, product removal, or legal action.
Therefore, following Gumroad’s guidelines and selling only legitimate, high-quality, and valuable products that benefit your customers and you are essential.
There are many things that you cannot sell on Gumroad. If you are unsure whether your product is allowed, you can contact Gumroad’s support team and ask for clarification.
For more information, you can also check Gumroad’s comprehensive list of prohibited items.
Moreover, if you have any queries, please comment below. In addition, bookmark this website for more helpful content. Now go to Gumroad and start selling and earning! Thanks for reading!
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