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Tuesday, February 9, 2021

Gumroad off we go!

 

Gumroad the creators site

 

Found a new site today, it seems really strong in terms of authority and reputation so have published there for the first time.

 

Gumroad is an online platform that facilitates the sale of products by creators directly to consumers. Sahil Lavingia founded the company in 2011 with the intention of making selling as easy as social sharing. Although Lavingia claimed "I don’t think five years ago this could have existed", there have been companies with a similar purpose since 2004, such as PayLoadz, E-junkie, and TradeBit. The company received more than $8 million in funding. Within three years Gumroad had to lay-off most of its staff to stay afloat.
Founder Sahil Lavingia in 2010

https://gumroad.com/aurthor/p/reasons-for-podcast-covering-finance-news


Creators such as authors, comedians, designers, filmmakers, musicians, and software developers use Gumroad to sell products directly to consumers; mostly digital content like albums, comics, ebooks, films, games, music, or tutorials. Gumroad is built as a plug-and-play product that offers payment processing, file hosting and delivery, marketing and communications tools, and consumption experiences for a diverse array of verticals[clarification needed]. Lavingia has stated that his product philosophy is to ask what creators spend their time on making things, and then build features for Gumroad that do those above-mentioned logistics functions for them.[citation needed]

Gumroad's marketplace is decentralized. It was also originally notable for having a lower fee than other commerce platforms (5% + 25¢). The service later changed its fee structure, requiring a monthly hosting fee (USD$10) plus an additional per-transaction charge (3.5% + 30¢).

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