[s3video s3url=”Receiving Money for Your Digital Product.mp4″ /]
OK guys and gals, in order to make money online with your digital product, you have to have a way to receive payments.
There is no easier solution for this than PayPal.
While we do use other payment gateways for some of our shopping carts, good ole PayPal is still our method of choice.
Why?
1) It is easy to use
2) It has built in trust – everyone has heard of or used PayPal
3) It just WORKS!
Don’t reinvent the wheel here. PayPal is really all you need to get started receiving payments online.
That being said, we do not recommend you use your personal PayPal to take payments.
It gets way too confusing at tax time if you mix business and personal transactions.
In today’s video, Jocelyn is going to show you how to set up a BUSINESS PayPal account for your new digital product!
NOTE: Companies like PayPal change there account set up procedures all the time. If anything in the video above is different, you can find Paypal’s most recent account set up information at this link: https://www.paypal.com/webapps/mpp/account-setup
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One more thing: You will need a business name for this step!
GASP!
This is another “get stuck” moment for most people starting out. Don’t panic!
You don’t have to have a perfect business name, and you can change it later.
In fact, you can just enter “DBA FIRSTNAME LASTNAME” as a placeholder.
DBA = “Doing Business As”
So my DBA would be “DBA Shane & Jocelyn Sams”
Our actual business name was “SAMS DIGITAL” and later “SAMS DIGITAL, LLC.”
Its no big deal, and your business name will not make or break you.
Just pick something and move on!
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It is very important that you go ahead and set up your PayPal account today.
It takes a few days for it to process everything, and we will be using it in a later lesson.
And remember, you also need to have your digital product completed ASAP.
It goes on sale soon, so make sure you get it done!
Remember, we are not looking for perfect…we are looking for finished!
Minimum viable product…that’s all.
FUN TIP: Download the PayPal app on your phone, and change the notification noise to a cash register “cha ching.” When you start making sales and someone buys your product, it will make that noise…trust us…its amazing and never gets old!
You can find apps like Zedge that let you find noises for you phone and there are lots of other places to find them online. 🙂
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Once you have finished this lesson, share your progress with the Flip Your Life Facebook group!
*If you are not a member of the premium Flip Your Life group, click this link to upgrade and join now.
We are better together. Accountability and support can be the difference between success and failure online!
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After you finish, you can