If you’re an entrepreneur or content creator looking for a way to transform knowledge into income, Teachable is the platform for you.
Teachable is a learning management system (LMS) based by Angkur Nagpal as a side project. It was previously known as Fedora. Nagpal, a course builder himself, grew frustrated over the lack of direct access to students some platforms had. He decided to create his own online learning platform with characteristics he envisioned his courses and students would like.
In 2020, sources say that Hotsmart acquired 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 the article for a more comprehensive review of Teachable.
In A Nutshell Imminently Teachable
Teachable allows one to create and sell online classes and training with videos, quizzes, and lectures. It’s a simple and intuitive interface which makes it an outstanding platform for beginners. It deals with your sales monitoring, payment collections, and affiliates commissions. So, you don’t have to have a virtual assistant or team member to perform it. Instead, you can concentrate more on course building.
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Who Uses Teachable?
We can’t deny that we would like to take a slice from the ever-growing demand from the quick and booming industry of online learning.
It’s excellent for entrepreneurs, founders, and small business owners that wish to make online courses into a potentially profitable business. Individuals like Pat Flynn of Smart Passive Income utilize Teachable 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 over the world as of this moment.
Here are some of the features I enjoyed 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 simplicity of use. Tech novices will find it easy to go around and operate the program.
The dashboard is the first thing a user would see after registering on the site. There you may see headers such as users, sites, sales, emails, and classes. It’s pretty straightforward. Uploading documents, reviewing analytics, issuing refunds, and communication 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’ll also find that you can easily create multimedia lectures, videos, homepage, and landing pages using their power editor.
Teachable offers a large selection of themes for your online course site which you can select to create an appealing landing page. All you’ve got to do is upload the logos, text, images and choose color schemes to fit your business’ branding.
You have the option of inserting custom CSS or HTML into the Code Snippets region if you’re an advanced user.
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Marketing, Student Tracking Tools, and Analytics Capabilities
It has all the necessary and essential sales tracking and analytics tools that you’d need while attempting to analyze your path sales. You can see how well your classes have performed in specific phases.
For higher plans, you get access to advanced sales features like one-click upsells and bundles. With this, you can offer your pupils discounts should they choose to buy a second course. It’s a good means of increasing conversions.
You can check student registration and engagement in regards to student monitoring. You’ll get reports on how your students interact with your classes, their completion rates, and in which the students get stuck.
You do not need to worry about monitoring student and sales insights with their comprehensive dashboards. Teachable deals with technology and promotion for you.
Completion Certificates
To get this feature, you would need a Pro or Business Plan. 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 name 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
Teachable comes with its own refundable payment processing via Teachable Payments. With this, you do not need to find a 3rd party for payment processing.
You can choose your payment currency from a broad 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.
Your students can pay by credit card, debit card, PayPal, Apple Pay, and Google Pay. You also have the option of charging your classes as one-time purchases, monthly payments, or as a subscription.
Customer Support
The support is responsive. It has a comprehensive knowledge library with online lessons and lives webinars for common questions you may ask as you begin creating your first class. But, if you have any additional queries, you can create a ticket. Normally, you’ll hear back from support within 24 hours. Professional Teachable customers have access to live chat service.
What Plans can I avail?
Teachable allows customers to choose one of three options: Basic, Pro, and company.
While Teachable doesn’t have a free version, it will offer a 14-day free trial for people who wish to dip their toes first and check out 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 courses, 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, coaching product, a members-only community, automated 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 features plus priority product support, advanced reports, five admin-level users, an unbranded site, and completion course certificates, among others–no transaction fees.
Business ($299/month or $249/month if annual billing is selected )
Including everything in Pro and 20-admin level users, bulk student enrollments, manual pupil imports, custom user roles, innovative theme customization, and group coaching calls. Imminently Teachable
Now that I have talked about what I enjoyed about Teachable, here are a few things I don’t like:
- No free plans.
- Teachable doesn’t have a totally free plan. But, it does offer a 14-day trial.
- 5% transaction fees
- There’s a 5% transaction fee for people who opt for the Basic plan.
- No phone service.
- There’s no phone 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. But with Teachable, I found it reasonably easy. Akin 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 know by utilizing customization tools to personalize your content. Imminently Teachable
You don’t have to worry about marketing. All you’ve got to worry about is creating the content that you wish to sell since Teachable has built-in features to take care of taxes, payouts, affiliates, and writers.
To Sum It Up
Teachable is an approachable platform for complete beginners and busy entrepreneurs who want to focus more on course creation than the business’s tech and marketing aspect.
You can create your online course on any topic you love, and Teachable helps you turn that into a company. Why not start today?
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Frequently Asked Questions: Imminently Teachable
What is 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. When you click on the “Get Started” button and register, you will automatically be entered into a Professional plan trial. You don’t need a credit card for this. There’s absolutely 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 can receive payouts directly to their own banks based on the payment scheme set from the primary school owner. It can be carried out from 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 annual billing is set is more opted by lots of people. It has more features that match most of what their company needs.
For large organizations where multiple instructors are required to upload course materials, a much better fit would the Business Plan which costs $299/month or $249/month if yearly billing is chosen.
Does Teachable charge any processing fees?
Yes. For any sale made through a credit card, debit card, and US Paypal account, it costs 2.9% plus 30 cents. International cards are charged 3.9% and 30c. International PayPal gets billed 4.4% plus 30 cents.
