If you are an entrepreneur or content creator searching for a way to transform knowledge into earnings, Teachable is the platform for you.
Teachable is a learning management system (LMS) founded by Angkur Nagpal as a side project. It was previously called Fedora. Nagpal, a class builder himself, decided to create his own online learning platform with characteristics that he envisioned his classes and students would like after getting frustrated over the lack of direct accessibility to students some platforms had.
In 2020, sources say that Hotsmart acquired Teachable for approximately $250M.
Before you go on, you may want to check out this video by Robert C. Brown on YouTube that gives a quick review. Afterward, you will want to read the rest of our article for a more comprehensive review of Teachable.
In A Nutshell Teachable And Similar Companies
Teachable allows one to make and sell online courses and coaching with videos, quizzes, and lectures. It has a simple and intuitive interface which makes it an excellent platform for beginners. It takes care of your sales monitoring, payment collections, and affiliates commissions. Thus, you don’t have to have a virtual assistant or team member to perform it. Alternatively, you can focus more on course construction.
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Who Uses Teachable?
We can not deny that we want to take a slice from the ever-growing demand from the fast and booming industry of online learning.
It’s ideal for entrepreneurs, founders, and small business owners that want to create online courses to a potentially lucrative business. Teachable is used by individuals like Pat Flynn of Smart Passive Income to market their courses to students.
You also have enterprises such as The New York Times, Shopify, and Penn Law.
More than 100,000 founders sold over $1 billion in classes and coaching for students all around the world as of this moment.
Here are some of the features I liked in Teachable:
Ease of Use
Teachable’s best feature is being less of a technician headache and more of being your partner-in-arms to a business.
As mentioned previously, Teachable prides itself on its ease of use. Going around and operating the course will be found easy by tech novices.
When you register on the website, it leads you to the dashboard. There you may see headers like users, websites, sales, emails, and classes. It is pretty straightforward. It is easier for the user to upload files, review analytics, issue refunds, and communicate with students.
Customization
It is possible to incorporate as many tools as you need as Teachable’s list of partners is pretty extensive. You will also realize that it is easy to create multimedia lectures, videos, homepage, and landing pages using their power editor.
Teachable offers a large choice of topics for your online course site that you can select to create an attractive landing page. All you have to do is upload the logos, text, images and select color schemes to fit your business’ branding.
If you are an advanced user, you have the choice of inserting custom CSS or HTML into the Code Snippets Area.
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Marketing, Student Tracking Tools, and Analytics Capabilities
When you are attempting to analyze your path sales, Teachables has all of the necessary and essential sales tracking and analytics tools that you’d need. You can see how well your courses have performed in specific periods.
You can provide your students discounts should they choose to buy another course when you get access to advanced sales features like one-click upsells and packages from availing higher plans. It is a fantastic way of increasing conversions.
In regards to student monitoring, you can check student enrollment and engagement. You’ll get reports on how your students interact with your courses, their completion rates, and where the students get stuck.
Teachable deals with tech and promotion for you so you do not need to worry about tracking sales and student insights with their comprehensive dashboards.
Completion Certificates
You’d need a Pro or Business Plan to get this feature. The course will award the certificates upon completion (Admin > Courses > Course > Certificates). There are templates available. Teachable will automatically insert your school name, student’s name, and title of the program. You may change aspects of your certificate like logo, colour scheme, and pre-set images. But, you may also create one yourself using the block editor (rich text and Liquid/HTML blocks).
Payment Options
You do not have to get a 3rd party for payment processing as Teachable comes with its in-built payment processing through Teachable Payments.
You may choose your payment money from a wide range of choices. You can even generate coupons and discount codes for students and affiliate codes. Teachable will handle affiliate payouts automatically.
Teachable has options like Stripe and PayPal and advanced payment options like Visa and Mastercard.
You have the option of charging your classes as one-time purchases, monthly payments, or as a subscription which your students can pay by credit card, debit card, PayPal, Apple Pay, and Google Pay.
Customer Support
The service is responsive. It has an extensive knowledge library with online lessons and lives webinars for common questions you may ask as you begin creating your first course. Butif you have any additional queries, you can create a ticket. Usually, you will hear back from support within one day. Professional Teachable clients have access to live chat service.
What Plans can I avail?
Teachable allows customers to choose among three options: Basic, Pro, and company.
While Teachable does not have a free version, it does offer a 14-day free trial for those who want to dip their toes first and check out its features before committing.
All plans include unlimited video, classes, and hosting. It also has integrated payment processing, pupil management, lecture comments, basic quizzes, no fees on free courses, and VAT (value-added tax) for the EU.
Basic ($39/month or $29/month if yearly billing is selected )
Each of the base features include unlimited students, class product, coaching product, a members-only community, automatic sign-ups, and two admin-level users. You’ll need to pay the monthly fee along with a 5% transaction fee on this plan.
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Pro ($119/month or $99/month if yearly billing is selected)
Including all base attributes plus priority product support, advanced reports, five admin-level users, an unbranded website, and completion class certificates, among others–no transaction fees.
Business ($299/month or $249/month if annual billing is selected )
This includes everything in Pro and 20-admin level users, bulk student enrollments, manual pupil imports, custom user functions, innovative theme customization, and group coaching calls. Teachable And Similar Companies
Here are a few things I do not like about Teachable now that I’ve talked about what I enjoyed about it:
- No free plans.
- Teachable does not have a free plan. However, it does offer a 14-day trial.
- 5 percent transaction fees
- There is a 5% transaction fee for those who opt for the Basic plan.
- No phone service.
- There is no telephone number to contact for queries.
Why should you attempt it?
I am not the most tech-savvy man out there. Far from it, actually. I have had many a day being very confused about the crowd. But with Teachable, I found it reasonably easy. Comparable to a duck testing the waters first, It does take a while to explore the web site, its features, and test stuff out.
You can teach how you want to learn by using customization tools to personalize your content. Teachable And Similar Companies
You don’t have to worry about marketing. All you’ve got to worry about is making the content that you want to sell since Teachable has built-in features to look after payouts, taxes, affiliates, and authors.
To Sum It Up
Teachable is an approachable platform for complete beginners and busy entrepreneurs who want to concentrate more on course creation than the business’s technology and marketing aspect.
Teachable helps you turn the online courses you may make on any subject you love into a business. Why not start now?
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Frequently Asked Questions: Teachable And Similar Companies
What’s Teachable?
Teachable is an online learning platform that helps users create and sell their courses.
Can I use Teachable at No Cost?
There’s a 14-day free trial for the Pro Plan. You will automatically be entered into a Professional plan trial when you click on the “Get Started” button and register. You do not need a credit card for this. There’s absolutely not any free trial for Basic and Business Plans. You can add up to ten students to complete courses.
How can Teachable payments work?
Teachable uses Stripe express to process credit/debit card transactions as well as PayPal payments. Owners can receive payouts directly to their banks dependent on the payment scheme set from the primary school owner. It can be done from the Preferences > Payments section of their school admin. Payouts can be set daily (on a 2-day company rolling period), weekly (every Thursday), or monthly (every 30 days on the first business day of the month).
How much does Teachable cost?
The Basic plan costs $39/month or $29/month if yearly billing is chosen. But, lots of individuals opt for Teachable’s popular Pro Plan at $119/month or $99/month if annual billing is set. It has more features that fit most of what their business needs.
The Business Plan also costs $299/month or $249/month if yearly billing is chosen. This would be a much better fit for large organizations where multiple teachers are required to upload course materials.
Can Teachable charge any processing fees?
Yes. For any sale made via a credit card, debit card, and US Paypal account, it costs 2.9% plus 30 cents. International cards are billed 3.9% and 30c. International PayPal gets billed 4.4% and 30 cents.
