If you’re an entrepreneur or content creator searching for a way to transform knowledge into income, Teachable is the platform for you.
Teachable is a learning management system (LMS) founded by Angkur Nagpal as a side project. It was previously called Fedora. Nagpal, a course builder himself, grew frustrated over the lack of direct access to students some platforms needed. He decided to create his own online learning platform with features he envisioned his courses and students could like.
In 2020, sources say 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 overview. After, you’ll want to read the rest of our article for a more comprehensive review.
In A Nutshell Teachable Momemt
Teachable allows one to make and sell online classes and coaching with videos, quizzes, and lectures. It has a simple and intuitive interface that makes it an excellent platform for beginners. You don’t need to have a virtual assistant or team member to perform it because it already deals with your sales monitoring, payment collections, and affiliates commissions. Instead, you can focus 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 fast and booming industry of online learning.
Entrepreneurs, creators, and small business owners that wish to make online courses to a potentially profitable business will find using Teachables to be excellent. Individuals 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 now, more than 100,000 creators sold over $1 billion in classes and training for students all around the world.
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 stated earlier, Teachable prides itself on its simplicity of use. Going around and operating the program will be found easy by tech beginners.
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 is pretty straightforward. Uploading files, reviewing analytics, issuing refunds, and communicating with students becomes easier for the user.
Customization
It is possible to incorporate as many tools as you want as Teachable’s list of partners is fairly extensive. You will also realize that you can easily create multimedia lectures, videos, homepage, and landing pages with their power editor.
Teachable offers a large choice of topics for your online course website that you can select to make an attractive 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 are an advanced user.
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Marketing, Student Tracking Tools, and Analytics Capabilities
When you’re attempting to analyze your path sales, Teachables has all 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 packages. With this, you can provide your pupils discounts should they choose to obtain a second course. It’s a good way of increasing conversions.
In regards to student monitoring, you can check student enrollment and engagement. You will receive reports on how your students interact with your classes, their completion rates, and where the students get stuck.
Teachable deals with technology and marketing for you so you do not need to worry about tracking sales and student insights with their comprehensive dashboards.
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 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
You don’t have to get a 3rd party for payment processing as Teachable comes with its in-built payment processing via Teachable Payments.
You can select your payment money from a broad range of choices. You can even 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 option 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 might ask as you start creating your first course. Butif you have any additional queries, you can create a ticket. Normally, you will hear back from service within one day. Professional Teachable clients have access to live chat support.
What Plans can I avail?
Teachable allows customers to choose among three options: Basic, Pro, and company.
For those who wish to dip their toes first and check out its features before committing, Teachable does offer a 14-day free trial.
All plans include unlimited video, courses, and hosting. It also has integrated payment processing, student management, lecture comments, basic quizzes, no fees on free courses, and VAT (value-added tax) for the EU.
Basic ($39/month or $29/month if yearly billing is chosen)
Each of the base features include unlimited students, class merchandise, training product, a members-only community, automatic sign-ups, and two admin-level users. You’ll need to pay the monthly fee together with a 5 percent transaction fee on this plan.
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Pro ($119/month or $99/month if yearly billing is selected)
This includes all base attributes plus priority product support, advanced reports, five admin-level users, an unbranded site, and completion class 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 student imports, custom user functions, innovative theme customization, and group coaching calls. Teachable Momemt
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. However, 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 is no phone number to contact for queries.
Why should you try it?
I am 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 website, its features, and test stuff out. Akin to a duck testing the waters first.
You can teach the way you want to know by utilizing customization tools to personalize your content. Teachable Momemt
You don’t need to worry about marketing. All you’ve got to worry about is creating the content that you want to sell since Teachable has built-in features to look after 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 subject you love, and Teachable helps you turn that into a company. Why not start now?
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Frequently Asked Questions: Teachable Momemt
What is Teachable?
Teachable is an online learning platform that helps users make and market 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 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 as well as PayPal payments. Owners can receive payouts directly to their own banks dependent on the payment scheme set from the principal 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 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. But, many individuals opt for Teachable’s more popular Pro Plan at $119/month or $99/month if yearly billing is determined. It has more features that match most of what their business needs.
The Business Plan also costs $299/month or $249/month if annual billing is chosen. This is a much better fit for large organizations where multiple teachers are required to upload course materials.
Can Teachable charge any processing fees?
Yes. For any sale made through a credit card, debit card, and US Paypal accounts, it costs 2.9% plus 30 cents. International cards are charged 3.9% plus 30c. International PayPal gets billed 4.4% plus 30 cents.
