Why Does Teachable Not Let Me See My Payout Details

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Teachable is the platform for you if you’re an entrepreneur or content creator searching for a way to transform knowledge into income.

Teachable is a learning management system (LMS) founded by Angkur Nagpal as a side project. It was previously known as 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 characteristics that he envisioned his classes and students would enjoy.

In 2020, sources state that Hotsmart acquired Teachable for about $250M.

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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 will want to read the rest of the article for a more comprehensive review of Teachable.

In A Nutshell Why Does Teachable Not Let Me See My Payout Details

Teachable allows one to make and sell online classes and coaching with videos, quizzes, and lectures. It’s a simple and intuitive interface which makes it an excellent platform for beginners. It deals with your sales tracking, payment collections, and affiliates commissions. So, you don’t need to have a virtual assistant or team member to perform it. Alternatively, you can focus more on course construction.

Why Does Teachable Not Let Me See My Payout Details

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Who Uses Teachable?

We can not deny that online learning is a fast and booming industry. And we want to take a slice from the ever-growing demand.

Entrepreneurs, founders, and small business owners who want to create online courses into a potentially profitable business will find using Teachables to be ideal. Folks like Pat Flynn of Smart Passive Income use Teachable to market 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 courses and coaching 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 novices 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 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 integrate as many tools as you need as Teachable’s list of partners is pretty 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 themes for your online course site which you can select to make an appealing landing page. All you’ve got to do is upload the logos, text, images and select color schemes to fit your business’ branding.

You have the choice of inserting custom CSS or HTML into the Code Snippets Area if you’re an advanced user.

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Marketing, Student Tracking Tools, and Analytics Capabilities

When you’re attempting to analyze your course sales, Teachables has all of the necessary and essential sales tracking and analytics tools that you’d need. You can see how well your classes have performed in specific periods.

You can offer your students discounts should they decide to buy another course when you get access to advanced sales features like one-click upsells and bundles from availing greater plans. It’s a fantastic way of increasing conversions.

In regards 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 where the students get stuck.

You don’t need to worry about tracking sales and student insights with their comprehensive dashboards. Teachable deals with technology and marketing for you.

Completion Certificates

You would 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 title of the course. 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 do not have to find a 3rd party for payment processing as Teachable comes with its in-built payment processing through Teachable Payments.

You can choose your payment currency from a wide assortment 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.

You have the option 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 may ask as you begin creating your first class. You can create a ticket if you have any additional queries. Usually, you’ll hear back from support within 24 hours. Professional Teachable customers have access to live chat service.

What Plans can I avail?

Teachable enables customers to choose among three options: Basic, Pro, and company.

While Teachable does not have a free version, it does offer a 14-day free trial for those who want to dip their toes 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, basic quizzes, no fees on free classes, and VAT (value-added tax) for the EU.

Basic ($39/month or $29/month if annual billing is selected )

Each of the base features include unlimited students, course product, coaching product, a members-only community, automated sign-ups, and two admin-level users. You’ll have to pay the monthly fee along with a 5% transaction fee on this plan.

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Pro ($119/month or $99/month if yearly billing is selected)

Including all base features 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 selected )

Including everything in Pro plus 20-admin level users, bulk student enrollments, manual pupil imports, custom user functions, advanced theme customization, and group coaching calls. Why Does Teachable Not Let Me See My Payout Details

Here are some 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 percent transaction fee for people who opt for the Basic plan.
  • No phone support.
  • There is no telephone number to contact for queries.

Why should you try it?

I am not the most tech-savvy man 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 reasonably easy. Comparable to a duck testing the waters first, It does take some time 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. Why Does Teachable Not Let Me See My Payout Details

You don’t have to worry about marketing. Teachable has built-in features to take care of payouts, taxes, affiliates, and authors. So all you’ve got to worry about is creating the content that you wish to sell.

To Sum It Up

For complete beginners and busy entrepreneurs who wish to focus more on course creation than the business’s tech and marketing aspect, Teachable is an approachable platform.

You may make 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: Why Does Teachable Not Let Me See My Payout Details

What is 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 do not need a credit card for this. There is 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 based on the payment scheme set from the primary school owner. It can be done in the Settings > Payments section of the 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. However, Teachable’s more popular Pro Plan at $119/month or $99/month if yearly billing is set is more opted by many individuals. It has more features that match most of what their business needs.

For large organizations where multiple instructors 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 fees?

Yes. It charges 2.9% plus 30 cents for any sale made through a credit card, debit card, and US Paypal account. International cards are charged 3.9% and 30c. International PayPal gets billed 4.4% plus 30 cents.

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