If you are 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, decided to create his online learning platform with characteristics he envisioned his courses and students would like after getting frustrated over the lack of direct access to students some platforms needed.
In 2020, sources say that Hotsmart obtained Teachable for about $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 our article for a more comprehensive review of Teachable.
In A Nutshell Teachable Section
Teachable allows one to create and sell online courses and coaching with videos, quizzes, and lectures. It has a straightforward 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 have to have a virtual assistant or group member to perform it. Alternatively, you can concentrate more on course construction.
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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.
It’s excellent for entrepreneurs, founders, and small business owners who want to create online courses into a potentially profitable business. Folks 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 courses and coaching for students all around 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 hassle and more of being your partner-in-arms to a company.
As stated earlier, Teachable prides itself on its ease of use. Going around and operating the program will be found easy by tech beginners.
The dashboard is the first thing a user would see after registering on the site. There you will see headers like users, websites, sales, emails, and classes. It’s 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’ll also realize that it is easy to create multimedia lectures, videos, homepage, and landing pages using their power editor.
Users can select to create an appealing landing page with Teachable’s large choice of themes for your online course website. All you have to do is upload the logos, text, images and select 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 region.
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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 attempting to analyze your course sales. You can see how well your courses 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 students discounts should they choose to buy a second course. It’s a good means of increasing conversions.
In regards to student monitoring, you can check student registration and engagement. You will receive reports on how your students interact with your courses, their completion rates, and where the students get stuck.
Teachable deals with technology and marketing for you so you don’t need to worry about monitoring sales and student insights with their comprehensive dashboards.
Completion Certificates
You’d need a Pro or Business Plan to get this feature. 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 course. You may change elements of your certificate such as logo, colour 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 through Teachable Payments. With this, you don’t have to find a 3rd party for payment processing.
You may choose your payment money from a wide range of choices. You may 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 choice of charging your courses 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 start creating your first course. You can create a ticket if you have any additional questions. Normally, you will hear back from service within one day. Professional Teachable customers have access to live chat support.
What Plans can I avail?
Teachable allows customers to choose one of three options: Basic, Pro, and company.
For people who want 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. 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 )
Each of the base features include unlimited students, course product, coaching 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% transaction fee on this plan.
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Pro ($119/month or $99/month if annual billing is chosen)
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 yearly billing is chosen)
Including everything in Pro plus 20-admin level users, bulk student enrollments, manual student imports, custom user functions, advanced theme customization, and group coaching calls. Teachable Section
Here are some things I do not like about Teachable now that I have talked about what I enjoyed about it:
- No free plans.
- Teachable does not have a free plan. However, it does offer a 14-day trial.
- 5% transaction fees
- There is a 5 percent transaction fee for those who opt for the Basic plan.
- No phone service.
- There’s no telephone number to contact for queries.
Why should you attempt 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 fairly simple. It does take a while to explore the website, its features, and test stuff out. Comparable to a duck testing the waters first.
You can teach the way you want to learn by utilizing customization tools to personalize your content. Teachable Section
You don’t have to worry about marketing. Teachable has built-in features to look after taxes, payouts, affiliates, and writers. So all you have to worry about is creating the content that you wish to sell.
To Sum It Up
For complete beginners and busy entrepreneurs who want to concentrate more on course creation than the business’s tech and marketing aspect, Teachable is an approachable platform.
Teachable helps you turn the online courses you may make on any topic you love into a company. Why not start today?
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Frequently Asked Questions: Teachable Section
What’s Teachable?
Teachable is an online learning platform which helps users create and sell their courses.
Can I use Teachable for free?
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 do not need a credit card because of this. There is not any 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 may receive payouts directly to their banks based on the payment scheme set from the primary school owner. It can be done from 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. However, Teachable’s Pro Plan at $119/month or $99/month if yearly billing is set is more opted by many individuals. It has more features that fit most of what their company 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 yearly billing is chosen.
Can Teachable charge any processing fees?
Yes. For any sale made via a credit card, debit card, and US Paypal accounts, it costs 2.9% plus 30 cents. International cards are billed 3.9% plus 30c. International PayPal gets billed 4.4% and 30 cents.
