Teachable is the platform for you if you are an entrepreneur or content creator looking for a way to transform knowledge into earnings.
Teachable is a learning management system (LMS) based 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 had. So, he decided to create his online learning platform with features that he envisioned his classes and students could enjoy.
In 2020, sources say that Hotsmart acquired 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. Afterward, you’ll want to read the rest of the article for a more comprehensive review.
In A Nutshell What Does It Mean To Be Teachable?
Teachable allows one to make and sell online classes and coaching with videos, quizzes, and lectures. It has a straightforward and intuitive interface that makes it an excellent platform for complete beginners. You don’t have to have a virtual assistant or team member to perform it because it already deals with 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 not deny that online learning is a fast and booming industry. And we would like to take a slice from the ever-growing demand.
Entrepreneurs, founders, and small business owners that wish to make online courses to a potentially profitable business will find using Teachables to be very ideal. Teachable is utilized by folks like Pat Flynn of Smart Passive Income to sell their courses to students.
You also have enterprises like The New York Times, Shopify, and Penn Law.
More than 100,000 creators sold over $1 billion in classes and training for students all over the world as of now.
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 mentioned previously, Teachable prides itself on its ease of use. Going around and operating the program will be found easy by tech novices.
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 classes. It’s pretty straightforward. It is a lot easier for the user to upload documents, 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 need. You’ll also find that it is easy to create multimedia lectures, videos, homepage, and landing pages with their power editor.
Teachable offers a large choice of topics for your online course site that you can select to create an appealing landing page. All you have 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 choice of inserting custom CSS or HTML to 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 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 decide to buy a second course when you get access to advanced sales features like one-click upsells and packages from availing greater plans. It’s a good way of increasing conversions.
You can check student enrollment and engagement when it comes to student tracking. You will receive reports on how your students interact with your courses, 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 title of the course. You may change aspects of your certificate like 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
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 may select your payment money from a broad assortment of choices. You may even create 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.
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 service is responsive. It has an extensive knowledge library with online lessons and lives webinars for common questions you might ask as you begin creating your first course. But, if you have any additional questions, you can create a ticket. Normally, 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.
While Teachable does not have a free version, it does offer a 14-day free trial for people who wish to dip their feet first and check out its features before committing.
All plans include unlimited video, classes, and hosting. Additionally, it has integrated payment processing, pupil 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 chosen)
All the base features include unlimited students, course merchandise, training product, a members-only community, automatic 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 yearly billing is selected)
Including all base attributes plus priority product support, advanced reports, five admin-level users, an unbranded website, and completion class certificates, among others–no transaction fees.
Business ($299/month or $249/month if annual billing is chosen)
Including everything in Pro and 20-admin level users, bulk student enrollments, manual student imports, custom user roles, innovative theme customization, and group coaching calls. What Does It Mean To Be Teachable?
Here are a few things I don’t 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. 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 support.
- There is no telephone 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 very confused about the bunch. However, with Teachable, I found it reasonably simple. Comparable to a duck testing the waters first, It does take a while to explore the website, its features, and test stuff out.
You can teach the way you would like to learn by utilizing customization tools to personalize your content. What Does It Mean To Be Teachable?
You don’t have to think 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 authors.
To Sum It Up
Teachable is an approachable platform for complete beginners and busy entrepreneurs who wish to concentrate more on course creation than the business’s tech and marketing aspect.
Teachable helps you turn the online courses you may make on any subject you love into a business. Why not start now?
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Frequently Asked Questions: What Does It Mean To Be Teachable?
What’s Teachable?
Teachable is an online learning platform which helps users create and market 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 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 principal school owner. It can be done from the Settings > 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, lots of individuals opt for Teachable’s more popular Pro Plan at $119/month or $99/month if yearly billing is set. 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 teachers are required to upload course materials.
Can Teachable charge any processing fees?
Yes. It charges 2.9% plus 30 cents for any sale made via a credit card, debit card, and US Paypal account. International cards are billed 3.9% plus 30c. International PayPal gets charged 4.4% and 30 cents.