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) based by Angkur Nagpal as a side project. It was previously known as Fedora. Nagpal, a course builder himself, decided to create his online learning platform with features he envisioned his courses and students would like after getting frustrated over the lack of direct accessibility to students some platforms had.
In 2020, sources say that Hotsmart obtained 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 overview. After, you’ll want to read the rest of the article for a more comprehensive review.
In A Nutshell Online Empire Teachable
Teachable allows one to create and sell online classes and coaching with videos, quizzes, and lectures. It’s a straightforward and intuitive interface that makes it an excellent platform for complete beginners. It takes care of your sales monitoring, payment collections, and affiliates commissions. So, you don’t need to have a virtual assistant or group member to perform it. Instead, you can concentrate more on course building.
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Who Uses Teachable?
We can not deny that we want to take a slice out of the ever-growing demand from the fast and booming industry of online learning.
Entrepreneurs, founders, and small business owners who wish to make online courses to a potentially profitable business will find using Teachables to be very excellent. Teachable is used by folks like Pat Flynn of Smart Passive Income to sell their courses to students.
You also have enterprises like 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 now.
Here are some of the features I liked 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 mentioned previously, Teachable prides itself on its ease of use. Tech novices will find it easy to go around and operate the program.
When you register on the site, it leads you to the dashboard. There you will see headers such as users, websites, sales, emails, and courses. It is pretty straightforward. It is easier for the user to upload documents, review analytics, issue refunds, and communicate with students.
Customization
It is possible to integrate as many tools as you want as Teachable’s list of partners is fairly extensive. You’ll also find that you can easily create multimedia lectures, videos, homepage, and landing pages using their power editor.
Users can select to make an attractive landing page with Teachable’s large choice of topics for your online course website. 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 into the Code Snippets Area 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 path sales. You can see how well your classes have performed in specific phases.
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 decide to obtain another course. It’s a fantastic 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.
Teachable deals with tech and marketing for you so you don’t need to worry about monitoring sales and student insights with their comprehensive dashboards.
Completion Certificates
To access this feature, you’d 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 title of the course. 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 in-built payment processing via Teachable Payments. With this, you don’t need to get a 3rd party for payment processing.
You may choose your payment currency from a wide assortment of choices. You may also create 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 choice 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 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 class. You can create a ticket if you have any additional queries. Normally, you will hear back from service within 24 hours. Professional Teachable clients have access to live chat support.
What Plans can I avail?
Teachable enables customers to choose among three options: Basic, Pro, and company.
For people who wish to dip their feet first and take a look at its features before committing, Teachable does offer a 14-day free trial.
All plans include unlimited video, classes, and hosting. Additionally, it has integrated payment processing, pupil 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 chosen)
All the base features include unlimited students, course product, coaching product, a members-only community, automated 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 features plus priority product support, advanced reports, five admin-level users, an unbranded website, and completion course certificates, among others–no transaction fees.
Business ($299/month or $249/month if annual billing is chosen)
Including everything in Pro and 20-admin level users, bulk student enrollments, manual student imports, custom user roles, advanced theme customization, and group coaching calls. Online Empire Teachable
Now that I’ve talked about what I enjoyed about Teachable, here are a few things I do not like:
- No free plans.
- Teachable doesn’t have a totally free plan. But, it does offer a 14-day trial.
- 5 percent transaction fees
- There’s a 5 percent transaction fee for people who opt for the Basic plan.
- No phone support.
- There’s 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 crowd. But with Teachable, I found it reasonably simple. Akin to a duck testing the waters first, It does take some time to explore the website, its features, and test stuff out.
You can teach how you would like to know by utilizing customization tools to personalize your content. Online Empire Teachable
You don’t need to think about marketing. Teachable has built-in features to look after payouts, taxes, affiliates, and authors. So all you have to worry about is making the content that you want to sell.
To Sum It Up
For complete beginners and busy entrepreneurs who wish 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 company. Why not start now?
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Frequently Asked Questions: Online Empire Teachable
What’s Teachable?
Teachable is an online learning platform which helps users make 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 because of this. There’s absolutely no 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 own banks based on the payment scheme set out by the primary school owner. It can be done in the Settings > Payments section of the 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. However, Teachable’s Pro Plan at $119/month or $99/month if annual billing is set is more opted by lots of individuals. It has more features that fit most of what their business needs.
For large organizations where multiple instructors are required to upload course materials, a better fit would the Business Plan which costs $299/month or $249/month if annual billing is chosen.
Can Teachable charge any processing charges?
Yes. It charges 2.9% plus 30 cents for any sale made through a credit card, debit card, and US Paypal account. International cards are billed 3.9% and 30c. International PayPal gets charged 4.4% plus 30 cents.
