Teachable is the platform for you if you’re an entrepreneur or content creator looking for a way to transform knowledge into earnings.
Teachable is a learning management system (LMS) founded by Angkur Nagpal as a side project. It was previously known as Fedora. Nagpal, a class builder himself, decided to create his own online learning platform with characteristics he envisioned his courses 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 continue, you may want to check out this video by Robert C. Brown on YouTube that gives a quick review. Afterward, you’ll want to read the rest of the article for a more comprehensive review of Teachable.
In A Nutshell How Much Does It Cost To Make A Teachable Course
Teachable allows one to make and sell online courses and training with videos, quizzes, and lectures. It has a simple and intuitive interface which makes it an excellent platform for beginners. It deals with your sales tracking, payment collections, and affiliates commissions. Thus, you don’t have to have a virtual assistant or team member to do it. Instead, you can focus more on course building.
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Who Uses Teachable?
We can not deny that we would like to take a slice from the ever-growing demand from the quick and booming industry of online learning.
Entrepreneurs, creators, and small business owners that want to make online courses to a potentially lucrative business will find using Teachables to be very ideal. Folks like Pat Flynn of Smart Passive Income use Teachable to sell their courses to students.
You also have enterprises like The New York Times, Shopify, and Penn Law.
As of this moment, more than 100,000 creators sold over $1 billion in classes and coaching for students all over the world.
Here are some of the features I enjoyed in Teachable:
Ease of Use
Teachable’s best feature is being less of a tech hassle and more of being your partner-in-arms to a business.
As stated 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, sites, sales, emails, and classes. It’s pretty straightforward. Uploading files, reviewing analytics, issuing refunds, and communicating with students becomes easier for the user.
Customization
Teachable’s list of partners is pretty extensive making it possible to integrate as many tools as you want. 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 topics for your online course site that 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.
You have the choice of inserting custom CSS or HTML to the Code Snippets region if you’re an advanced user.
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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 would need while trying to analyze your course sales. You can see how well your courses have performed in specific periods.
You can offer your students discounts should they decide to obtain another course when you get access to advanced sales features like one-click upsells and bundles from availing higher plans. It is a good way of increasing conversions.
You can check student registration and engagement in regards to student monitoring. You will receive reports on how your students interact with your classes, their completion rates, and where the students get stuck.
You do not need to worry about tracking sales and student insights with their comprehensive dashboards. Teachable deals with technology and marketing for you.
Completion Certificates
To access this feature, you would need a Pro or Business Plan. 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 elements of your certificate such as logo, color scheme, and preset pictures. But, you may also create one yourself using the block editor (rich text and Liquid/HTML blocks).
Payment Options
Teachable comes with its own refundable payment processing through Teachable Payments. With this, you do not have to get a 3rd party for payment processing.
You may choose your payment money from a wide range of choices. You can also 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 choice of charging your classes as one-time purchases, monthly payments, or as a subscription which your pupils can pay by credit card, debit card, PayPal, Apple Pay, and Google Pay.
Customer Support
The support 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. You can create a ticket if you have any additional questions. Normally, you’ll hear back from support within one day. Professional Teachable clients have access to live chat service.
What Plans can I avail?
Teachable enables customers to choose one of three options: Basic, Pro, and Business.
While Teachable does not have a free version, it does offer a 14-day free trial for those who wish to dip their toes first and take a look at its features before committing.
All plans include unlimited video, classes, and hosting. Additionally, it has integrated payment processing, student management, lecture comments, fundamental quizzes, no fees on free classes, and VAT (value-added tax) for the EU.
Basic ($39/month or $29/month if annual 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 have 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 annual billing is chosen)
This includes all base features 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 student imports, custom user roles, innovative theme customization, and group coaching calls. How Much Does It Cost To Make A Teachable Course
Now that I’ve talked about what I liked about Teachable, here are some things I don’t like:
- No free plans.
- Teachable doesn’t have a free plan. However, it does offer a 14-day trial.
- 5 percent transaction fees
- There is a 5 percent transaction fee for people who opt for the Basic plan.
- No phone support.
- There is no telephone number to contact for inquiries.
Why should you attempt it?
I’m not the most tech-savvy person out there. Far from it, actually. I have had many a day being very confused about the bunch. But with Teachable, I found it reasonably easy. Akin to a duck testing the waters , It does take a while to explore the web site, its features, and test stuff out.
You can teach how you want to know by using customization tools to personalize your content. How Much Does It Cost To Make A Teachable Course
You don’t need to think 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 writers.
To Sum It Up
For complete beginners and busy entrepreneurs who want to concentrate more on course creation than the business’s tech and marketing aspect, Teachable is an approachable platform.
You can create 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: How Much Does It Cost To Make A Teachable Course
What is Teachable?
Teachable is an online learning platform that helps users make and sell their courses.
Can I use Teachable for free?
There is a 14-day free trial for the Pro Plan. When you click on the “Get Started” button and register, you will automatically be entered into a Professional plan trial. You do not need a credit card because of 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 as well as PayPal payments. Owners may receive payouts directly to their own banks based 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 yearly billing is chosen. However, Teachable’s more popular Pro Plan at $119/month or $99/month if yearly billing is determined is more opted by many people. 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 is a much better fit for large organizations where multiple instructors are needed to upload course materials.
Does Teachable charge any processing charges?
Yes. It costs 2.9% plus 30 cents for any sale made via a credit card, debit card, and US Paypal account. International cards are charged 3.9% plus 30c. International PayPal gets charged 4.4% and 30 cents.
