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

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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

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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Michigan’s Top Ten List of Consumer Complaints for 2020

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From the Office of Michigan’s Attorney General

To celebrate the importance of National Consumer Protection Week and to help people make informed decisions about how to safely spend their money, Michigan Attorney General Dana Nessel today announced Michigan‘s Top 10 Consumer Complaints for 2020. Last year, the Michigan Department of Attorney General received and processed nearly 24,000 consumer complaints.

“Each year, my office tracks consumer complaints to ensure that we’re keeping Michiganders informed on crucial details to protect their wallets,” said Nessel. “A common thread every year is the framework bad actors continue to use, which always includes: a sense of urgency, untraceable payment methods, and an offer too good to be true. The Department of Attorney General is committed to being your connection to consumer protection and I encourage everyone to take advantage of the wealth of resources we have to offer during National Consumer Protection Week and beyond.”

The object of any scam is to steal money or obtain personal information by convincing a victim of the need to part with it. Scammers prey on anyone and use clever tactics to convince their victims to hand over money or personal information through deceit, coercion, intimidation, fear and empty promises. These tactics coupled with a sense of urgency put pressure on the victim to make an immediate decision.

More information on scams can be found online at the Attorney General Consumer Alert page. The Federal Trade Commission (FTC) also has a listing of individual scams with great tips on prevention.

Michigan’s Top 10 Consumer Complaint Categories of 2020:

Nessel’s Top 10 list is compiled by analyzing all complaints filed with the Attorney General’s Consumer Protection Team. Thanks to the hard work of the Consumer Protection Team, the Attorney General’s office was able to recover $517,864.10 in consumer refunds, forgiven debt and other recoveries.

Robocalls (5,516 complaints). As a new category in the top 10, it includes illegal robocalls, telephone solicitations and telemarketing. With the launch of Michigan’s Robocall Crackdown Team in late 2019, Michigan is now recognized as a leader in combatting illegal robocalls. In 2020, Attorney General Nessel joined six other states in filing a major lawsuit against a pair of Texas businesses accused of blasting out billions of illegal robocalls. Rising Eagle Capital Group LLC and JSquared Telecom LLC are both believed to be responsible for more than 42 million illegal robocalls to Michigan residents over a five-month period in 2019 alone.

Price-gouging (4,522 complaints). This is the first time that price-gouging has made the top 10 list. Most consumers reported significant price increases on items such as face masks, gloves, toiletries, food and other items during the COVID-19 outbreak. In 2020, the Attorney General’s office took action against many businesses and individuals seeking to profit from consumer panic during the pandemic.

Retail (2,433 complaints). Retail complaints include purchases that involved late deliveries or products that were never delivered. Other complaints include the purchases of appliances, furniture and other items that were defective or did not work as advertised.

Telecommunications, Cable, and Satellite TV (1,880 complaints). This category includes complaints against wireless communications, cable and satellite TV services with most of the reports being billing and service issues. (NOTE: This category does not include robocalls, which has its own category.)

Internet (1,275 complaints). A significant number of these complaints involve online purchases, as well as computer communications and technology, and internet service providers.

Personal Service Providers (953 complaints). This category covers dating services, beauty companies, fitness facilities, spas, home security and tax preparation services.

Credit and Financial Concerns (880 complaints). This category covers a variety of areas including debt collection and reporting, credit repair, payday lending and mortgage brokering. In 2020, the department settled a lawsuit against tribal officials associated with an online tribal lender that resulted in the lender discontinuing its services to Michigan residents and collecting only outstanding principal amount on remaining active accounts.

Landlord/Tenant (786 complaints). This category involves disputes between renters and apartment owners or property management companies, mobile home parks and site operators, as well as condominium associations. Most complaints report on living conditions and contract disputes.

Motor Vehicle and Automobile (670 complaints). Complaints against used car dealers continue to top this category, followed by auto repair shops, new car dealers and passenger car rentals. This category involves issues from shoddy repair work to service issues.

Travel (547 complaints). This category includes complaints against travel agents, travel clubs, time-shares and time-share exit companies.

“In a year that was unprecedented in many ways, I want to thank our Consumer Protection Team for their resilience and dedication to ensuring that every complaint was addressed,” said Nessel.

Throughout National Consumer Protection Week and the entire month of March, consumers can follow along on the Department’s Facebook, Twitter and Instagram pages for daily consumer protection information.

Your connection to consumer protection is just a click or phone call away. Consumer complaints can be filed online at the Attorney General’s website, or by calling 877-765-8388.



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Division of Consumer Affairs Releases Top Ten 2020 Consumer Complaint Categories

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Tuesday, March 02, 2021 | 11:27am

Nashville- The Tennessee Attorney General’s Office Division of Consumer Affairs (DCA) announced the top ten complaint categories for 2020.

DCA received a total of 4,053 complaints in 2020 and recovered both services and funds for Tennessee by working with consumers and businesses. Overall, the number of consumer complaints decreased slightly in 2020 compared to 2019 when 4,250 complaints were reviewed by Consumer Affairs. The Division’s staff works to quickly route complaints so that appropriate action can be taken in cases where deceptive business practices, frauds or scams are identified.

2020 Top Ten Complaint Categories:

  1. Home Improvements, Home Repair, Home Warranties: 497 complaints
    Home warranties, as well as hiring a contractor for services to repair or improve the quality of your home. The most common complaints involve quality of work, incomplete work after receiving payment, and structural damage caused by employed individuals or businesses. Many of these complaints are referred to the Tennessee Board for Licensing Contractors.
  2. Price Gouging: 343 complaints
    Complaints alleging unreasonable price increases on essential items such as groceries and medical supplies. Price increases are generally considered by evaluating several factors including the pre-existing price agreements and increases in cost by suppliers.
  3. Personal/Professional Services: 329 complaints
    Services offered by professionals working in the State of Tennessee, including hair stylists, massage therapists, locksmiths, exterminators, photographers, surveyors, and others. Common complaints include the quality of service, charges for service not received, and problems redeeming gift certificates for services offered. Complaints in this category are sometimes referred to the TN Department of Commerce & Insurance’s Division of Regulatory Boards and the TN Board of Professional Responsibility.
  4. Landlord/Tenant: 289 complaints
    The most common complaints relate to security deposits and the conditions of the rental property. These complaints are commonly referred to city and county building codes enforcement and the State Fire Marshal’s Office.
  5. Internet Sales: 281 complaints
    Consumer dissatisfaction with items or services purchased online. Common complaints include issues with refunds and returns, or the product or service not being provided after payment. Often, the product or service was solicited via email or social media advertisements. The Division of Consumer Affairs works to mediate these complaints.
  6. Motor Vehicle- Used Sales & Advertising: 266 complaints
    Consumer dissatisfaction with the purchase of used vehicles. Disputes over the vehicle’s condition and deception regarding the sale, advertising, and titling are the most common complaints. Consumer Affairs works closely with the TN Motor Vehicle Commission in this category. In addition, these complaints may be referred to the National Highway Traffic Safety Administration (NHTSA) and the TN Department of Revenue.
  7. Heath Services & Products: 228 complaints
    Complaints include inaccurate billing and misquoting services. The Division may mediate complaints or refer appropriate complaints to the TN Department of Health.
  8. Debtor/Creditor: 225 complaints
    This category includes matters related to debt collection companies, payday loans, credit repair companies, and check-cashing services. Consumers report harassing phone calls or billing issues. These complaints are often referred to the TN Department of Financial Institutions and the TN Department of Commerce & Insurance’s Regulatory Boards Division.
  9. Timeshare/Vacation Clubs: 223 complaints
    Complaints related to the purchase of property under a timesharing agreement and the sale of these agreements. The most common complaints report high-pressure sales tactics, misrepresentation of the contract, and resale scams. The Division will often refer these complaints to the TN Real Estate Commission and the TN Board of Professional Responsibility.
  10.  Travel: 183 complaints
    This category includes consumer disputes involving travel-related issues such as hotel or rental cabin stays. Many complaints involved requests for refunds because of COVID-19.

For more consumer resources, or to file a complaint, visit the DCA website at tn.gov/consumer or contact us at 800-342-8385 or [email protected]

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#21-08:  Division of Consumer Affairs Releases Top Ten 2020 Consumer Complaint Categories

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Credit Repair Services Market to Witness Increase in Revenues by 2027 – NeighborWebSJ

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Credit Repair ServicesThe Research report on the Global Credit Repair Services Market looks into current and historical values to present projections for vital market indicators. It studies regional as well as key domestic markets to present a satisfactory picture about the growth of the global market for Credit Repair Services Industry over the forecast period. The introductory part of the report includes terms and terminologies, conventions, and notations that are relevant in the context of Credit Repair Services Market. This is followed by a discussion on industry statutes, industry chain structures, and industry growth policies that are in the purview of the Credit Repair Services Market. Demand and supply logistics, production size, product rating and yield, and import/export behaviour are the key parameters that have been studied across geographical markets of Credit Repair Services Industry.

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Some of the key players in the Global Credit Repair Services market are Lexington Law, CreditRepair.com, Sky Blue Credit Repair, The Credit People, Ovation, MyCreditGroup, Veracity Credit Consultants, MSI Credit Solutions, The Credit Pros.

Additionally, it offers a clear understanding of global Credit Repair Services market attributes such as production volume, values, market shares, and size. It also elaborates on global trading factors such as import, export, and local consumption. Moreover, it offers a competitive landscape of the global Credit Repair Services market by providing the business profiles of various top-level industries. Collectively, it offers up-to-date informative data of global Credit Repair Services market which will be beneficial to make informed decisions in the businesses.

Regionally, this market has been inspected across various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, and Europe on the basis of productivity and manufacturing base. Some significant key players have been profiled in this research report to get an overview and strategies carried out by them. Degree of competition has been given by analyzing the global Credit Repair Services market at domestic as well as a global platform. This global Credit Repair Services market has been examined through industry analysis techniques such as SWOT and Porter’s five techniques.

Global Credit Repair Services Market Segmentation

The top segments in the market have been highlighted clearly in this report for the readers to understand in a précised manner. These segments have been presented by giving information on their current and predicted state by the end of the forecast period. The information presented would help the upcoming players to gauge the investment scope within the segments and sub-segments of the global Credit Repair Services market.

By Industrial Credit Repair Services Market Product-Types: Product Type I, Product Type II, Product Type III

By Industrial Credit Repair Services Market Applications: Application I, Application II, Application III

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REPORT ATTRIBUTEDETAILS
BASE YEAR2020
HISTORICAL YEAR2015 – 2020
FORECAST PERIOD2021 – 2027
REPORT COVERAGERevenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
GLOBAL MARKET SEGMENTSTypes, Applications, End-Users
TOP LEADING PLAYERSLexington Law, CreditRepair.com, Sky Blue Credit Repair, The Credit People, Ovation, MyCreditGroup, Veracity Credit Consultants, MSI Credit Solutions, The Credit Pros.
BY TYPESProduct Type I, Product Type II, Product Type III
BY APPLICATIONApplication I, Application II, Application III
REGIONAL SCOPENorth America, Europe, Asia Pacific, Latin America, Middle East and Africa
MARKET FORECASTForecast by Region, Forecast by Demand, Environment Forecast, Impact of COVID-19, Geopolitics Overview, Economic Overview of Major Countries
KEY REASONS TO PURCHASE
  • To gain insightful analyses of the market
  • Assess the production processes
  • To understand the most affecting driving and restraining
  • Market strategies by leading respective organizations.
  • To understand the future outlook and prospects for the market

Key questions answered in the report:

  1. What is the Keyword Market’s Growth Potential?
  2. Which product segment will get the lion’s share?
  3. Which regional market will lead in the coming years?
  4. Which application segment will grow steadily?
  5. What growth opportunities could arise in the Credit Repair Services industry in the coming years?
  6. What are the main challenges for the Credit Repair Services market in the future?
  7. Which companies lead the Credit Repair Services market?
  8. What are the main trends that are positively influencing market growth?
  9. What growth strategies are players considering to stay in the Credit Repair Services market?

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  • It helps in understanding the major key product segments.
  • Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities.
  • It offers the regional analysis of the Credit Repair Services market along with the business profiles of several stakeholders.
  • It offers massive data about trending factors that will influence the progress of the global Credit Repair Services market.

Further key aspects of the report indicate that:

Chapter 1: Research Scope: Product Definition, Type, End-Use & Methodology

Chapter 2: Global Industry Summary

Chapter 3: Market Dynamics

Chapter 4: Global Market Segmentation by region, type and End-Use

Chapter 5: North America Market Segmentation by region, type and End-Use

Chapter 6: Europe Market Segmentation by region, type and End-Use

Chapter 7: Asia-Pacific Market Segmentation by region, type and End-Use

Chapter 8: South America Market Segmentation by region, type and End-Use

Chapter 9: Middle East and Africa Market Segmentation by region, type and End-Use.

Chapter 10: Market Competition by Companies

Chapter 11: Market forecast and environment forecast.

Chapter 12: Industry Summary.

Note: This content doesn’t contain all the Information of the Report please fill the form (via link) and get all interesting information just one click in PDF with the latest update with chart and Table of Content

Any special requirements about this report, please let us know and we can provide custom report.

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Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives and IT professionals to undertake statistics based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country level expertise.

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