If you are 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 class builder himself, decided to create his own online learning platform with characteristics that he envisioned his courses and students could like after getting frustrated over the lack of direct accessibility to students some platforms needed.
In 2020, sources say that Hotsmart acquired Teachable for approximately $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.
In A Nutshell Teachable Versus Gumroad
Teachable allows one to make and sell online classes and coaching with videos, quizzes, and lectures. It’s a simple and intuitive interface that makes it an excellent platform for beginners. It takes care of your sales monitoring, payment collections, and affiliates commissions. So, you don’t have to have a virtual assistant or group member to perform it. Alternatively, you can focus more on course construction.
> > Click Here to see Sign up for Free< <
Who Uses Teachable?
We can not deny that we want to take a slice out of the ever-growing demand from the quick and booming industry of online learning.
It’s ideal for entrepreneurs, founders, and small business owners that wish to create online courses to a potentially profitable business. Teachable is utilized by individuals like Pat Flynn of Smart Passive Income to market 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 courses and training for students all over 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 technician headache and more of being your partner-in-arms to a business.
As mentioned previously, Teachable prides itself on its ease of use. Going around and operating the course will be found easy by tech novices.
When you register on the site, it leads you to the dashboard. There you may see headers like users, websites, sales, emails, and classes. It is pretty straightforward. Uploading files, reviewing analytics, issuing refunds, and communication with students becomes a lot easier for the user.
Customization
Teachable’s list of partners is pretty extensive making it possible to integrate as many tools as you need. You will also realize that you can easily create multimedia lectures, videos, homepage, and landing pages with their power editor.
Teachable offers a large selection 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 choice of inserting custom CSS or HTML to the Code Snippets region if you are an advanced user.
> > Click Here to see Sign up for Free< <
Marketing, Student Tracking Tools, and Analytics Capabilities
When you’re trying 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 classes have performed in specific phases.
You can offer your students discounts should they decide to obtain another course when you get access to advanced sales features like one-click upsells and bundles from availing higher plans. It’s a good way of increasing conversions.
When it comes to student tracking, you can check student enrollment and engagement. You’ll get 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 do not need to worry about monitoring student and sales insights with their comprehensive dashboards.
Completion Certificates
You’d need a Pro or Business Plan to get this feature. The course 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 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 get a 3rd party for payment processing as Teachable comes with its own refundable payment processing via Teachable Payments.
You may choose your payment money from a broad range of choices. You may 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 choice of charging your courses 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 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 questions. Usually, you will hear back from service within 24 hours. Professional Teachable customers have access to live chat support.
What Plans can I avail?
Teachable enables customers to choose one of three options: Basic, Pro, and Business.
For people who want 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, courses, and hosting. Additionally, it has integrated payment processing, student 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 yearly billing is selected )
Each of the base features include unlimited students, course merchandise, coaching product, a members-only community, automatic sign-ups, and two admin-level users. You’ll need to pay the monthly fee along with a 5% transaction fee on this plan.
> > Click Here to see Sign up for Free< <
Pro ($119/month or $99/month if annual billing is chosen)
Including all base features 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 chosen)
This includes everything in Pro and 20-admin level users, bulk student enrollments, manual student imports, custom user roles, innovative theme customization, and group coaching calls. Teachable Versus Gumroad
Here are a few things I do not like about Teachable now that I’ve talked about what I enjoyed about it:
- No free plans.
- Teachable doesn’t have a totally free plan. But, it does offer a 14-day trial.
- 5 percent transaction fees
- There is a 5 percent transaction fee for people who opt for the Basic plan.
- No phone service.
- There is no phone number to contact for inquiries.
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. However, with Teachable, I found it fairly simple. Comparable to a duck testing the waters first, It does take a while to explore the web site, its features, and test stuff out.
You can teach how you would like to learn by using customization tools to personalize your content. Teachable Versus Gumroad
You don’t need to worry about marketing. Teachable has built-in features to look after payouts, taxes, affiliates, and authors. So all you’ve got to worry about is making the content that you wish to sell.
To Sum It Up
For complete beginners and busy entrepreneurs who want to concentrate more on course production than the business’s technology and marketing aspect, Teachable is an approachable platform.
Teachable helps you turn the online courses you can create on any subject you love into a business. Why not start now?
> > Click Here to see Sign up for Free< <
Frequently Asked Questions: Teachable Versus Gumroad
What’s Teachable?
Teachable is an online learning platform that helps users make and sell their courses.
Can I use Teachable for free?
There’s 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 don’t need a credit card for 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 banks dependent on the payment scheme set out by the primary school owner. It can be done from 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 yearly billing is set is more opted by lots of individuals. It has more features that fit most of what their company needs.
The Business Plan also costs $299/month or $249/month if annual billing is chosen. This would be a much better fit for large organizations where multiple instructors are needed to upload course materials.
Does Teachable charge any processing fees?
Yes. For any sale made via a credit card, debit card, and US Paypal account, it charges 2.9% plus 30 cents. International cards are billed 3.9% plus 30c. International PayPal gets billed 4.4% and 30 cents.
