Teachable is the platform for you if you’re an entrepreneur or content creator looking for a way to transform knowledge into income.
Teachable is a learning management system (LMS) based 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 features that he envisioned his classes and students would like after getting frustrated over the lack of direct accessibility to students some platforms needed.
In 2020, sources state that Hotsmart obtained Teachable for approximately $250M.
Before you go on, you may want to watch this video by Robert C. Brown on YouTube that gives a quick overview. After, you’ll want to read the rest of our article for a more comprehensive review.
In A Nutshell Gumroad Vs Teachable
Teachable allows one to create and sell online classes and coaching with videos, quizzes, and lectures. It’s a simple and intuitive interface which makes it an outstanding platform for beginners. You don’t have to have a virtual assistant or group member to do it because it already takes care of your sales monitoring, payment collections, and affiliates commissions. Instead, you can focus more on course construction.
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Who Uses Teachable?
We can’t deny that we would like to take a slice out of the ever-growing demand from the fast and booming industry of online learning.
It’s ideal for entrepreneurs, founders, and small business owners who wish to create online courses to a potentially lucrative business. Teachable is used by individuals like Pat Flynn of Smart Passive Income to sell 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 courses and training for students all around the world as of now.
Here are some of the features I liked in Teachable:
Ease of Use
Teachable’s best feature is being less of a tech headache and more of being your partner-in-arms to a business.
As mentioned earlier, Teachable prides itself on its simplicity of use. Going around and operating the program will be found easy by tech novices.
When you register on the website, it leads you to the dashboard. There you will see headers such as users, websites, sales, emails, and classes. It is pretty straightforward. Uploading files, reviewing analytics, issuing refunds, and communicating with students becomes a lot easier for the user.
Customization
It is possible to integrate as many tools as you want as Teachable’s list of partners is fairly extensive. You will also realize that it is easy to create multimedia lectures, videos, homepage, and landing pages with their power editor.
Teachable offers a large choice of themes for your online course site which you can select to make an attractive landing page. All you have to do is upload the logos, text, images and choose color schemes to fit your business’ branding.
If you are an advanced user, you have the option of inserting custom CSS or HTML to the Code Snippets Area.
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Marketing, Student Tracking Tools, and Analytics Capabilities
It has all of the necessary and essential sales tracking and analytics tools that you’d need while trying to analyze your course sales. You can see how well your courses have performed in specific periods.
For greater plans, you get access to advanced sales features like one-click upsells and packages. With this, you can offer your pupils discounts should they choose to obtain another course. It is a fantastic means of increasing conversions.
When it comes to student monitoring, you can check student registration and engagement. You will receive reports on how your students interact with your courses, their completion rates, and where the students get stuck.
Teachable deals with tech and marketing for you so you do not need to worry about monitoring sales and student insights with their comprehensive dashboards.
Completion Certificates
You would need a Pro or Business Plan to get this feature. The class 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 elements of your certificate like logo, color 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 don’t need to get a 3rd party for payment processing as Teachable comes with its own refundable payment processing through Teachable Payments.
You may choose your payment currency from a broad assortment of choices. You can even create coupons and discount codes for students and affiliate codes. Teachable will manage 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 courses 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 support is responsive. It has a comprehensive knowledge library with online lessons and lives webinars for common questions you might ask as you start creating your first class. You can create a ticket if you have any additional queries. Usually, you will hear back from support within one day. Professional Teachable customers have access to live chat service.
What Plans can I avail?
Teachable enables customers to choose one of three options: Basic, Pro, and company.
While Teachable does not have a free version, it will offer a 14-day free trial for people who want to dip their feet first and take a look at its features before committing.
All plans include unlimited video, courses, and hosting. It also has integrated payment processing, student management, lecture comments, basic quizzes, no fees on free classes, and VAT (value-added tax) for the EU.
Basic ($39/month or $29/month if yearly billing is selected )
All the base features include unlimited students, class merchandise, training product, a members-only community, automatic sign-ups, and two admin-level users. You’ll have to pay the monthly fee together with a 5% transaction fee on this plan.
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Pro ($119/month or $99/month if annual billing is chosen)
This includes 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 chosen)
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. Gumroad Vs Teachable
Here are some things I do not like about Teachable now that I have talked about what I liked about it:
- No free plans.
- Teachable does not have a free plan. But, it does offer a 14-day trial.
- 5% transaction fees
- There is a 5% transaction fee for people who opt for the Basic plan.
- No phone service.
- There is no telephone number to contact for inquiries.
Why should you try it?
I’m not the most tech-savvy man out there. Far from it, actually. I’ve had many a day being the most confused about the bunch. However, with Teachable, I found it reasonably easy. It does take some time to explore the website, its features, and test stuff out. Akin to a duck testing the waters first.
You can teach how you want to learn by using customization tools to personalize your content. Gumroad Vs Teachable
You don’t have to think about marketing. All you have to worry about is making the content that you want to sell since Teachable has built-in features to take care of taxes, payouts, affiliates, and authors.
To Sum It Up
Teachable is an approachable platform for complete beginners and busy entrepreneurs who wish to focus more on course production than the business’s tech and marketing aspect.
You may make your online course on any topic you love, and Teachable helps you turn that into a business. Why not start now?
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Frequently Asked Questions: Gumroad Vs Teachable
What’s Teachable?
Teachable is an online learning platform that helps users make and sell their courses.
Can I use Teachable at No Cost?
There is 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 don’t need a credit card for this. There is no free trial for Basic and Business Plans. You can add up to ten students to complete courses.
How do Teachable payments work?
Teachable uses Stripe express to process credit/debit card transactions in addition to PayPal payments. Owners may receive payouts directly to their own banks dependent on the payment scheme set from the primary school owner. It can be carried out in the Preferences > Payments section of their school admin. Payouts can be set daily (on a 2-day business 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 annual billing is chosen. But, many people opt for Teachable’s popular Pro Plan at $119/month or $99/month if yearly billing is set. It has more features that match most of what their business needs.
For large organizations where multiple instructors are needed to upload course materials, a better fit would the Business Plan which costs $299/month or $249/month if yearly billing is chosen.
Does Teachable charge any processing charges?
Yes. For any sale made through a credit card, debit card, and US Paypal accounts, it charges 2.9% plus 30 cents. International cards are billed 3.9% plus 30c. International PayPal gets charged 4.4% plus 30 cents.
