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) based by Angkur Nagpal as a side project. It was previously known as Fedora. Nagpal, a class builder himself, grew frustrated over the lack of direct access to students some platforms needed. So, he decided to create his online learning platform with features he envisioned his classes and students would like.
In 2020, sources say that Hotsmart obtained Teachable for approximately $250M.
Before you continue, 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 the article for a more comprehensive review.
In A Nutshell Alwats Remain Teachable
Teachable allows one to make and sell online courses and coaching with videos, quizzes, and lectures. It’s a straightforward and intuitive interface that makes it an outstanding platform for complete beginners. You don’t have to have a virtual assistant or team member to do it because it already takes care of your sales monitoring, payment collections, and affiliates commissions. Instead, you can concentrate more on course construction.
Who Uses Teachable?
We can’t deny that online learning is a quick and booming industry. And we would like to take a slice out of the ever-growing demand.
Entrepreneurs, founders, and small business owners that want to make online courses to a potentially lucrative 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 such as The New York Times, Shopify, and Penn Law.
More than 100,000 creators sold over $1 billion in classes and coaching for students all around 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 tech headache and more of being your partner-in-arms to a company.
As mentioned 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 may see headers such as users, websites, sales, emails, and courses. It’s pretty straightforward. It is a lot easier for the user to upload files, review analytics, issue refunds, and communicate with students.
Teachable’s list of partners is fairly extensive making it possible to integrate as many tools as you want. You’ll also realize 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 website which you can select to make an appealing landing page. All you’ve got to do is upload the logos, text, images and choose color schemes to fit your business’ branding.
If you are an advanced user, you have the choice of inserting custom CSS or HTML into the Code Snippets region.
Marketing, Student Tracking Tools, and Analytics Capabilities
When you are attempting to analyze your course sales, Teachables has all the necessary and essential sales tracking and analytics tools that you’d need. You can see how well your courses have performed in specific periods.
You can provide your pupils 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 higher plans. It’s a good means of increasing conversions.
You can check student enrollment and engagement in regards to student tracking. 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 promotion for you so you don’t need to worry about tracking sales and student insights with their comprehensive dashboards.
To get this feature, you would need a Pro or Business Plan. 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 program. 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).
You don’t have to get a 3rd party for payment processing as Teachable comes with its own refundable payment processing via Teachable Payments.
You can choose your payment money from a broad assortment of choices. You can 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 classes 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.
The support is responsive. It has an extensive knowledge library with online lessons and lives webinars for common questions you may ask as you start creating your first course. But, if you have any additional queries, you can create a ticket. Normally, you’ll hear back from service within one day. Professional Teachable customers have access to live chat service.
What Plans can I avail?
Teachable allows customers to choose one of three options: Basic, Pro, and Business.
For those who wish to dip their toes first and check out its features before committing, Teachable will offer a 14-day free trial.
All plans include unlimited video, classes, and hosting. It also has integrated payment processing, pupil 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 annual billing is chosen)
All the base features include unlimited students, class product, training product, a members-only community, automated sign-ups, and two admin-level users. You’ll need to pay the monthly fee along with a 5% transaction fee on this plan.
Pro ($119/month or $99/month if yearly billing is selected)
This includes all base features plus priority product support, advanced reports, five admin-level users, an unbranded site, and completion course certificates, among others–no transaction fees.
Business ($299/month or $249/month if yearly billing is selected )
Including everything in Pro and 20-admin level users, bulk student enrollments, manual pupil imports, custom user functions, innovative theme customization, and group coaching calls. Alwats Remain Teachable
Now that I have talked about what I liked about Teachable, here are a few things I don’t like:
- No free plans.
- Teachable does not have a totally free plan. However, 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 support.
- There is no telephone number to contact for inquiries.
Why should you attempt 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 fairly easy. It does take a while to explore the website, its features, and test stuff out. Comparable to a duck testing the waters .
You can teach the way you would like to know by utilizing customization tools to personalize your content. Alwats Remain Teachable
You don’t need to worry about marketing. Teachable has built-in features to look after payouts, taxes, affiliates, and writers. So all you’ve got to worry about is making the content you want to sell.
To Sum It Up
For complete beginners and busy entrepreneurs who want to concentrate more on course creation than the business’s technology and marketing aspect, Teachable is an approachable platform.
You can create your online course on any subject you love, and Teachable helps you turn that into a company. Why not start now?
Frequently Asked Questions: Alwats Remain 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. 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 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 banks dependent on the payment scheme set out by the primary school owner. It can be done in the Preferences > 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 annual billing is chosen. But, many people opt for Teachable’s popular Pro Plan at $119/month or $99/month if annual billing is set. It has more features that fit most of what their business needs.
The Business Plan also costs $299/month or $249/month if yearly 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. 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% and 30c. International PayPal gets billed 4.4% plus 30 cents.