If you are an entrepreneur or content creator looking 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 known as Fedora. Nagpal, a class builder himself, decided to create his own online learning platform with features he envisioned his classes and students could enjoy after getting frustrated over the lack of direct accessibility to students some platforms needed.
In 2020, sources state that Hotsmart obtained Teachable for about $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 will want to read the rest of our article for a more comprehensive review of Teachable.
In A Nutshell Socrates Virtue Isnt Teachable
Teachable allows one to create 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 takes care of your sales tracking, payment collections, and affiliates commissions. So, you don’t need to have a virtual assistant or group member to do 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 from the ever-growing demand from the quick and booming industry of online learning.
Entrepreneurs, creators, and small business owners that want to create 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 around 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 headache and more of being your partner-in-arms to a company.
As stated previously, Teachable prides itself on its ease 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 may see headers such as users, websites, sales, emails, and classes. It’s pretty straightforward. It is easier for the user to upload files, review analytics, issue refunds, and communicate with students.
Customization
Teachable’s list of partners is pretty extensive making it possible to incorporate as many tools as you want. You’ll also realize that you can easily create multimedia lectures, videos, homepage, and landing pages using their power editor.
Users can select to create 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.
If you’re an advanced user, you have the option 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 trying to analyze your course sales, Teachables has all of the necessary and essential sales tracking and analytics tools that you would need. You can see how well your courses 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 provide your students discounts should they choose to obtain another course. It’s a fantastic way of increasing conversions.
When it comes to student tracking, you can check student registration and engagement. You’ll get reports on how your students interact with your courses, their completion rates, and in which the students get stuck.
You don’t need to worry about tracking 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 aspects of your certificate like 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
You do not have to get a 3rd party for payment processing as Teachable comes with its in-built payment processing via Teachable Payments.
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 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 choice of charging your courses as one-time purchases, monthly payments, or as a subscription.
Customer Support
The service is responsive. It has a comprehensive knowledge library with online lessons and lives webinars for common questions you might ask as you begin creating your first class. You can create a ticket if you have any additional queries. Normally, you’ll hear back from service within 24 hours. 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 Business.
While Teachable does not have a free version, it does offer a 14-day free trial for people 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, 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 )
Each of the base features include unlimited students, class merchandise, coaching product, a members-only community, automated sign-ups, and two admin-level users. You’ll need 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 selected)
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 chosen)
This includes everything in Pro plus 20-admin level users, bulk student enrollments, manual student imports, custom user roles, advanced theme customization, and group coaching calls. Socrates Virtue Isnt Teachable
Now that I have talked about what I enjoyed about Teachable, here are a few things I do not like:
- No free plans.
- Teachable does not have a totally free plan. But, it does offer a 14-day trial.
- 5 percent transaction fees
- There’s 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 person out there. Far from it, actually. I have had many a day being very confused about the crowd. However, with Teachable, I found it fairly simple. It does take some time to explore the web site, its features, and test stuff out. Comparable to a duck testing the waters .
You can teach the way you would like to know by using customization tools to personalize your content. Socrates Virtue Isnt Teachable
You don’t have to think about marketing. Teachable has built-in features to look after taxes, payouts, affiliates, and authors. So all you have to worry about is making the content that you want to sell.
To Sum It Up
Teachable is an approachable platform for complete beginners and busy entrepreneurs who wish to focus more on course creation than the business’s tech and marketing aspect.
Teachable helps you turn the online courses you can create on any topic you love into a business. Why not start today?
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Frequently Asked Questions: Socrates Virtue Isnt 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 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 because of this. There’s absolutely not any 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 banks based on the payment scheme set out by the primary school owner. It can be carried out in the Settings > Payments section of the 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 more popular Pro Plan at $119/month or $99/month if annual billing is set. It has more features that match most of what their company needs.
For large organizations where multiple instructors are needed to upload course materials, a much better fit would the Business Plan which costs $299/month or $249/month if yearly billing is chosen.
Can Teachable charge any processing charges?
Yes. For any sale made via a credit card, debit card, and US Paypal accounts, it charges 2.9% plus 30 cents. International cards are charged 3.9% plus 30c. International PayPal gets charged 4.4% and 30 cents.
