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Gumroad is a well known e-commerce platform made for creators to sell digital products right to their audience. Sahil Lavingia started it in 2011, and it has grown a lot since then. Creators can sell things like e-books, music, videos, software, and even physical goods on Gumroad.
Key Features
Gumroad has many features to help creators succeed.
Creators can design and customize their storefront using a flexible page editor.
Offer customers access to a library of content for as long as they are subscribed.
Supports multiple currencies and handles VAT collection for EU sales.
Automatically creates license keys for software sales.
Lightweight DRM to protect digital content.
Easily embed payment platforms and follow buttons on existing websites.
Accept payments from a global audience, increasing sales opportunities.
Benefits
Gumroad provides tools for creating custom landing pages, tracking sales, and processing payments. These tools are great for independent creators like writers, musicians, and designers.
Use Cases
Gumroad is perfect for a variety of creators. Musicians like Eminem and Bon Jovi, authors like Tim Ferriss and John Green, and film distributors like Magnolia Pictures and Landmark Theatres have all used the platform.
Cost Price
Gumroad charges a 10% transaction fee on all sales. Additional fees include a 2.9% plus 0.30 USD credit card processing fee per transaction. For boosted rankings, a Discover fee of at least 30% may apply.
Funding
In 2012, Gumroad raised 1.1 million in seed funding. In the same year, it raised 7 million in Series A funding led by Kleiner Perkins Caufield Byers.
Reviews Testimonials
User experiences with Gumroad vary widely. Some creators praise the platform for its ease of use and customer support. Some users appreciate its simplicity and functionality, while others have reported issues with crashes, video playback errors, and difficulties accessing purchased content. Recent updates have addressed some of these issues, improving the overall user experience.