If you’re 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) founded by Angkur Nagpal as a side project. It was previously called Fedora. Nagpal, a class builder himself, grew frustrated over the lack of direct access to students some platforms had. He decided to create his online learning platform with features he envisioned his courses and students could enjoy.
In 2020, sources state 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 review. After, you’ll want to read the rest of our article for a more comprehensive review.
In A Nutshell Teachable Sale
Teachable allows one to create and sell online classes and coaching with videos, quizzes, and lectures. It has a straightforward and intuitive interface that makes it an outstanding platform for beginners. You don’t have to have a virtual assistant or team member to do it because it already takes care of your sales tracking, payment collections, and affiliates commissions. Alternatively, you can concentrate more on course building.
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Who Uses Teachable?
We can’t deny that online learning is a quick and booming industry. And we want to take a slice from the ever-growing demand.
Entrepreneurs, founders, and small business owners that wish to create online courses to a potentially lucrative business will find using Teachables to be very excellent. Teachable is utilized by folks like Pat Flynn of Smart Passive Income to sell their courses to students.
You also have enterprises such as The New York Times, Shopify, and Penn Law.
As of this moment, more than 100,000 founders sold over $1 billion in classes and training 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 technician headache and more of being your partner-in-arms to a company.
As stated previously, Teachable prides itself on its simplicity of use. Tech beginners 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 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
You can incorporate as many tools as you need as Teachable’s list of partners is pretty extensive. You will also find that it is easy to create multimedia lectures, videos, homepage, and landing pages with their power editor.
Teachable offers a large selection of topics for your online course site which you can select to create an attractive landing page. All you’ve got to do is upload the logos, text, images and select color schemes to fit your business’ branding.
If you are 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
It has all of the necessary and essential sales tracking and analytics tools that you’d need while trying to analyze your path sales. You can see how well your classes have performed in specific phases.
You can offer your students discounts should they choose to obtain a second course when you get access to advanced sales features like one-click upsells and bundles from availing higher plans. It is a fantastic means of increasing conversions.
When it comes to student tracking, you can check student enrollment and engagement. You will receive reports on how your students interact with your classes, their completion rates, and in which the students get stuck.
Teachable deals with technology and promotion for you so you don’t need to worry about tracking student and sales 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 aspects of your certificate such as 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
You do not have to find a 3rd party for payment processing as Teachable comes with its own refundable payment processing through Teachable Payments.
You can choose your payment currency from a broad range of choices. You may also generate 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.
Your students can pay by credit card, debit card, PayPal, Apple Pay, and Google Pay. You also have the choice of charging your classes 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 may ask as you start creating your first class. But, if you have any additional queries, you can create a ticket. Usually, you’ll hear back from support 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.
For those who want to dip their feet first and take a look at its features before committing, Teachable will 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 selected )
Each of the base features include unlimited students, course 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 percent transaction fee on this plan.
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Pro ($119/month or $99/month if annual billing is selected)
This includes all base attributes 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 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. Teachable Sale
Here are a few things I do not like about Teachable now that I’ve talked about what I liked about it:
- No free plans.
- Teachable doesn’t have a free plan. However, it does offer a 14-day trial.
- 5% transaction fees
- There’s a 5% transaction fee for those who opt for the Basic plan.
- No phone service.
- There’s no phone number to contact for inquiries.
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 the most confused about the crowd. However, with Teachable, I found it fairly simple. Akin to a duck testing the waters , It does take some time 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. Teachable Sale
You don’t need to worry about marketing. All you have to worry about is creating the content that you want to sell since Teachable has built-in features to look after payouts, taxes, affiliates, and authors.
To Sum It Up
Teachable is an approachable platform for complete beginners and busy entrepreneurs who want to focus more on course production 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 business. Why not start now?
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Frequently Asked Questions: Teachable Sale
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 is 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 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 in the Settings > 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 determined is more opted by lots of people. It has more features that match most of what their business needs.
For large organizations where multiple teachers are needed to upload course materials, a better fit would the Business Plan which costs $299/month or $249/month if annual billing is chosen.
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 accounts. International cards are billed 3.9% plus 30c. International PayPal gets billed 4.4% plus 30 cents.
