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How to Use Gumroad: A Step-by-Step Guide to Getting Started | Pennyhoarder



Making money by doing what you love might not be as complicated as you think.

If you have a book, movie, comic, podcast, class, craft or any other creative project you want to share with the world, you can put it up for sale in about five minutes with Gumroad, an online platform that lets artists, writers and other makers sell their projects.

However, before you dive into Gumroad, know that creating a product is one thing, but actually making sales takes time, effort and know-how.

How to Use Gumroad

This guide will lay out the steps you’ll need to follow to start making money with Gumroad.

1. Make Something

Gumroad is a marketplace it’s only worth using if you have something to sell.

There’s no reason to let that discourage you, though! A wide range of products are on offer on Gumroad, including movies, books, music and courses. Your passion project almost certainly fits in there somewhere.

Check out some of the top-selling items on Gumroad to see some examples of this range. Pose, priced at $39, is a web app that lets digital illustrators draw characters better and faster. An illustrated ebook of essays about Scrubs is $20. These plans for a cornhole board go for $5 a pop.

If you have a digital product, like a podcast, film or software, Gumroad makes it easy to distribute it. They handle digital hosting, they process transactions, they send the file to clients all you have to do is create.

You can also sell physical products on Gumroad, as long as you’re willing to take on the cost of shipping.

It’s easier to talk about what you can’t sell on Gumroad. Here’s a list of banned items:

1. Non-original works: You can only sell your original work on Gumroad. That means no vintage clothing or furniture, unlike the other creative marketplace, Etsy. 

2. Racist, sexist, or other discriminatory items: Gumroad does not permit any work promoting discrimination, including Nazi ideology.

3. High-risk products: This is the big one. Gumroad doesn’t host products flagged as “high-risk.” It doesn’t deal with event tickets, jewelry, credit repair e-books, or pornography in part because those transactions often get reversed, leading to higher operating costs. If you want to sell homemade diamond earrings or explicit, adult films, you’ll have to go elsewhere.

2. Set Up Your Shop

To sell your product on Gumroad, you first need to create an account. By default, a Gumroad account is free, although if you make a sale, you’ll pay a fee of 8.5% + $0.30 per sale.

A Premium account, which starts at $10 a month, shrinks Gumroad’s cut to 3.5% + $.30 per sale. In addition, Gumroad will remove its branding from receipts, allow custom domains and enable bigger file uploads for digital products.

The premium features are useful, but the free account is a perfectly functional place to start.

Once you’ve got your account, you can customize your storefront, which displays your name, bio, products, and updates. Gumroad makes this part pretty easy:

  • Choose one of the eight themes available.
  • Pick a background color or image, making sure it’s pleasing to the eye and doesn’t visually distract from your products.
  • Fill in all your information: tagline, website, social media handles, etc. Don’t leave anything out. More information means more engagement and more credibility.

And you’re done! It’s relatively simple to make a pretty and professional storefront using default settings.

Pro Tip

Gumroad allows custom CSS to change the appearance of your storefront. You can see some examples here. (Don’t know how to use CSS? This guide can help.) 

3. Price Your Product

You’ve got your product, your shop is set up — now it’s time to set your prices.

You can set a standard price, or you can use one of Gumroad’s unique features for creators, which is its flexible pricing tool. This lets you offer products for free, for “pay-as-you-will” or for a set minimum.

Flexible pricing allows newbies to gauge how much an audience is willing to pay for their work.

That said, there are pros and cons to each pricing strategy. Here’s what you’ll want to consider for each model:

Offering Products for Free

Offering products for free is obviously not a long-term solution if you want to make money.

In the short term, however, it can help build your audience and prove your credibility. Nothing wrong with a free sample!


Pay-as-you-will products are basically free with an option to pay. By listing your price as “$0+” you allow customers to download the product for any dollar amount they choose, including nothing at all.

This is a good alternative to listing your product for free, because it allows supporters to contribute while allowing prospective customers to try the product out.

Set Minimums

A variation on pay-as-you-will pricing is set minimums. With set minimums, you’ll list the product price as “$1+,” “$5+,” “$20+,” etc.

If someone wants to buy your product, they have to pay at least your set price. Then, once they’re at check-out, they can pay extra. For example, if you list a product for $3+, and a friend wants to show their support, they can pay $10.

Standard Pricing

Then there’s good old-fashioned standard pricing. But how do you choose the right price for your product?

Economics 101 tells us that higher prices could mean lower sales and vice versa, but psychological factors can affect sales too. For example, if your product seems chic or upscale, customers will raise an eyebrow if the price is too low. No one will believe they are buying a legitimate diamond ring for $5. Make sure the price fits the product.

Pro Tip

Depending on your product, it may also make sense to explore a subscription model. You can read more about pricing options here

The takeaway? Experiment with different strategies and see which earns the most revenue for your products.

4. Market Your Work

While people can find your product organically through Gumroad’s search function, chances are you’re not going to make many sales that way. Sure, Gumroad hosts the product, but you still have to market it.

Not sure where to start? Make sure you have an online presence, which could mean a website or social media pages for your business. By posting engaging content regularly, you can build an audience who will be more likely to check out your products.

Pro Tip

Gumroad also offers an e-commerce widget. That means you can easily set up an online shop on your personal website by embedding Gumroad’s code. 

Join Facebook groups about your passion. These can be a great place to learn and network! There are numerous marketing resources available online where you can learn more.

Gumroad also offers some useful built-in marketing features for free and Premium users. First off, it can feature your product on its Discover page. If a user buys your product from there, Gumroad takes an extra 10% cut, for a total of 18.5% + $.30 for free users or 13.5% + $.30 for Premium users. But hey — a sale’s a sale.

Gumroad also offers affiliate marketing. Here’s how it works: You generate a link on Gumroad’s affiliate marketing page and share it with an influencer. They, in turn, share it with their audience. If someone clicks, the influencer gets a percentage of the sale (you get to decide how big).

Finally, you can communicate with followers of your Gumroad profile using the newsletter function, building a relationship and encouraging repeat customers.

Gumroad’s features aside, standard marketing techniques are key for success. It’s a business, so act like it — tell your friends, get on social media and spread the word.

5. Made a Sale? Time to Cash Out!

You’ve listed your product and made some sales — congratulations! If you’re from the United States, UK, Canada, or Australia, your payment is en route via direct deposit. If you live anywhere else, it will come through PayPal.

Don’t forget to keep records of sales — it’ll come in handy when taxes are due. Gumroad only issues a 1099-K if you make over $20,000 in gross sales.

Keep in mind that the payout could end up smaller than you expect because of the aforementioned fees, charges and Gumroad’s standard cut. Treat it as a learning experience and consider upping your prices next time.

Ciara McLaren is a freelance journalist whose work has appeared in HuffPost, MoneyGeek, and Supermaker. You can read more of her writing on Substack and you guessed it Gumroad.

This was originally published on The Penny Hoarder, a personal finance website that empowers millions of readers nationwide to make smart decisions with their money through actionable and inspirational advice, and resources about how to make, save and manage money.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

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Credit360’s Credit Repair Services Now Includes Full Credit Audit



One of the nation’s finest in personal and business credit solutions has expanded its services.

MIAMI, Nov. 25, 2020 /PRNewswire-PRWeb/ — Representatives with Credit360 announced today that its credit repair services now includes a full credit audit from the three credit bureaus, Equifax, TransUnion, and Experian.

“We’re very excited about this,” said Andre Coakley, Founder & CEO of Credit360, a company with an elite team of credit experts that know exactly what techniques will assist individuals and businesses with increasing their credit scores to meet their goals.

Features of the full credit audit include:

  • Full Credit Audit – Equifax, TransUnion, Experian

  • No Monthly Fees – Charged Only After Removal

  • Our Pricing Is Simple, Pay After Deletion

  • Advanced Tactic Disputes and Strategies

  • Comprehensive Credit Audit every 45 days

  • Unlimited credit items disputed for one year

  • 24/7 Online Portal Access from Smartphone

  • Free Coaching and Education

  • Assistance with Structuring Lines of Credit

  • Support with Card Spending and Tradeline Building

And more.

The company’s full credit audit offering comes on the heels of the Credit360 offering credit repair services in Orlando.

“We are very excited to now offer our life-changing credit repair services in Orlando,” Coakley said. “We are here to help you achieve your optimal credit profile by making the credit repair process convenient, individualized, and effective.”

Credit360’s specialized credit repair processes, credit expertise, and guaranteed customer service, company representatives say, make it the best in the industry.

Coakley explained that Credit360 has had the opportunity to help thousands of Americans correct their credit reports. In fact, Credit360, Coakley stressed, is a company that puts its money where its mouth is and only charges a fee when items are deleted, removed, or repaired from individuals’ credit reports.

“With our services, you will no longer have to use other expensive credit repair companies that charge monthly and don’t even produce results,” Coakley promised, before adding, “We are so confident in our advanced disputing tactics that we will allow you to pay for your deletions after you actually see our results and we even give you a 100 percent money-back guarantee to back it up just so you can relax.”

Coakley went on to reiterate that Credit360 is an elite team of credit experts that know exactly what techniques will assist customers with increasing their credit scores to meet their goals.

“With our services, most of our clients see deletions within the first 45 days of enrollment and usually see an average increase of 93 points throughout their program cycle,” Coakley said.

In addition, the company also recently launched its Business Credit Program.

“Our Business Credit Program works directly with small business owners to help them get approved for new business funding and business line of credit options,” Coakley said.

Coakley went on to note that the individual business credit record is the primary way that companies evaluate whether to do business with a particular company – and on what terms.

Business credit includes a variety of data points about your business, such as the date it started, the skills and experience of your top leaders, the number of employees, and annual sales. This type of information, Coakley noted, is listed in the business’ credit profile, along with scores and ratings that are derived from the business’ past behavior to predict its future behavior.

“We have relationships with a number of business financing institutions and know each of their individual requirements and criteria, so we can help you become eligible for the best business line of credit as quickly as possible,” Coakley revealed, before adding, “Don’t let a bad business credit score or other factors prevent you from gaining access to the business funding you need most.”

The types of credit that Credit 360 can help businesses access include:

  • Store Business Credit with Dell, Apple, Walmart, Amazon, Costco, Sam’s Club, BP, Chevron, Home Depot, Lowes, Staples, Office Depot, Ikea, and with most other major retailers.

  • Fleet Credit for fuel and auto vehicle repairs for your primary vehicle, and a fleet of commercial vehicles.

  • Cash Credit including Visa and MasterCard accounts you can use in most locations worldwide

  • Auto Vehicle Financing to purchase or lease your primary vehicle or a fleet of vehicles in your business.

For more information, please visit and

About Credit 360

Credit360 was established to assist individuals in restoring their personal credit and in offering a complete line of business credit solutions. Credit360 is a financial services firm specializing in credit restoration and business consulting services.

Contact Details:

Andre Coakley

10664 SW 186th Street
Miami, FL 33157

Phone: 305-235-4848

Source: Credit360 Credit Repair

Media Contact

Andre Coakley, Credit360 Credit Repair, +1 305-235-4848,

SOURCE Credit360 Credit Repair

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ACTION13: How to protect your credit score



HOUSTON, Texas (KTRK) — Unpaid credit card debt and missed mortgage payments are two of the biggest things that leave negative marks on your credit.

Credit Repair experts say the economic shutdowns are causing credit scores to fall for a lot of people.

One way to possibly stave off a hit to your credit is a through a forbearance.

A forbearance is where the lending agency agrees to let you pause your payments for a period of time, and it will not count against your credit.

This works for both credit cards and home mortgages.

But keep in mind, you have to be caught up on your debts to get a deferment. So, if you are going to miss a payment, reach out to your bank or lender sooner rather than later.

“Reach out to your bank. Work with your bank,” said Robert Pfister with 755 Credit Score. “Work it out. Banks usually help you when you reach out.”

755 Credit Score also says you can get a free consultation.

You can get a free copy of your credit report every year from the three credit reporting agencies Experian, Equifax and Transunion.

RELATED: You can boost your credit score with a few simple tips

Follow Jeff Ehling on Facebook, Twitter and Instagram.

Copyright © 2020 KTRK-TV. All Rights Reserved.

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Walters: California’s Vague New Financial Regulation Law



Assembly Bill 1864 didn’t get much media or public attention as it zipped through both houses of the Legislature on the last day of the 2020 session.

Superficially, it appeared merely to reconfigure the state’s financial regulatory agencies into a new entity called the Department of Financial Protection and Innovation.

Dan Walters


However, those in California’s vast financial industry were paying lots of attention because the bill creates an entirely new regulatory regime with broad powers, including fines of up to $1 million a day, to police financial players that hitherto have had little oversight.

The official rationale for the legislation is that President Donald Trump’s administration neutered the federal Dodd-Frank Wall Street Consumer Financial Protection Act of 2010, so the state must step in with an equivalent to guard against predatory financial practices that harm consumers.

The new California Consumer Financial Protection Law gives the reconstituted agency authority to go after “abusive practices” whose definition in the law is fairly vague. Thus, the agency itself will define the term as it also decides which businesses will face its scrutiny.

It appears that the new law will affect firms involved in debt settlement, credit repair, check cashing, rent-to-own contracts, payday lending, student loan servicing and financing for retail sales. However, its primary target seems to be financial services offered by non-banks, particularly what are called “fintech companies” that offer bank-like services via the Internet without maintaining physical offices.

The Vagueness of the New Law Was Encapsulated in What Gov. Gavin Newsom Said

Fintechs, many of them based in the San Francisco Bay Area, have blossomed in recent years as part of the digital economy, competing with traditional brick-and-mortar banks. Their disruptive nature is not unlike the challenge that technology-based ride services such as Uber and Lyft pose to taxicabs and buses.

Late-blooming changes in AB 1864 exempted traditional financial firms that are already regulated, such as banks and credit unions, from the new consumer protection law, leading some analysts to conclude that its unstated aim is to help them stave off competition from new kids on the financial block.

The vagueness of the new law was encapsulated in what Gov. Gavin Newsom said during a signing ceremony. The new law and the new department, he said, will “create conditions for innovation to flourish in a way where we can steward that and we can just work against its excesses. So we support risk-taking, not recklessness.”

Newsom also signed two other financial protection measures, one that requires debt collectors to be licensed beginning in 2022 and the other creating a Student Loan Borrower Bill of Rights.

A Question That Only Time Will Answer

Although the new state law is said to mirror the Dodd-Frank law, it contains at least one significant difference. When federal regulators levy fines for what they consider to be bad conduct, the money goes into the federal treasury. When state regulators impose their fines of up to $1 million a day, the money will be retained by the new agency to finance more activity.

Will that give the new agency a financial incentive to skip over minor consumer issues and go after big companies? It’s a question that only time will answer.

Significantly too, the new investigative and regulatory mechanism contained in AB 1964 specifically does not usurp the authority of the attorney general to also target companies under the state’s equally vague “unfair competition” law.

From its inception a decade ago, Dodd-Frank has attracted criticism from business executives for regulatory overkill. Will California’s new version be less controversial? We won’t know until the new agency puts some definitional meat on its bones.

CalMatters is a public interest journalism venture committed to explaining how California’s state Capitol works and why it matters. For more stories by Dan Walters, go to

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