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) founded 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. He decided to create his own online learning platform with features he envisioned his courses and students would enjoy.
In 2020, sources state that Hotsmart acquired Teachable for about $250M.
Before you continue, you may want to check out this video by Robert C. Brown on YouTube that gives a quick review. Afterward, you will want to read the rest of the article for a more comprehensive review.
In A Nutshell Can You Receive Donations On Teachable
Teachable allows one to create and sell online classes and training with videos, quizzes, and lectures. It’s a simple 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 takes care of your sales monitoring, payment collections, and affiliates commissions. Alternatively, you can focus more on course building.
Who Uses Teachable?
We can’t 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 who wish to create online courses into a potentially lucrative business. Teachable is used by individuals 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 founders sold over $1 billion in classes 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 tech headache and more of being your partner-in-arms to a company.
As stated earlier, 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 will see headers such as users, sites, sales, emails, and courses. It’s pretty straightforward. It is easier for the user to upload files, review analytics, issue refunds, and communicate with students.
Teachable’s list of partners is pretty extensive making it possible to incorporate as many tools as you need. You’ll also find 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 website that you can select to make an attractive landing page. All you have 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 of the necessary and essential sales tracking and analytics tools that you would need. You can see how well your classes have performed in specific periods.
For greater plans, you get access to advanced sales features like one-click upsells and bundles. With this, you can offer your students discounts should they choose to buy another course. It is a good way of increasing conversions.
You can check student enrollment and engagement when it comes to student monitoring. You’ll get 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.
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 program. 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).
You don’t need to get a 3rd party for payment processing as Teachable comes with its in-built payment processing through Teachable Payments.
You can select your payment currency from a broad range of choices. You can also 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.
Your pupils 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.
The service 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 class. But, if you have any additional queries, you can create a ticket. Normally, you’ll hear back from service within 24 hours. Professional Teachable customers have access to live chat service.
What Plans can I avail?
Teachable allows customers to choose among three options: Basic, Pro, and company.
For those who wish 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. It also has integrated payment processing, student management, lecture comments, basic quizzes, no fees on free courses, 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 need to pay the monthly fee along with a 5 percent transaction fee on this plan.
Pro ($119/month or $99/month if yearly billing is chosen)
Including all base attributes 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 )
This includes everything in Pro plus 20-admin level users, bulk student enrollments, manual student imports, custom user roles, advanced theme customization, and group coaching calls. Can You Receive Donations On Teachable
Now that I have talked about what I enjoyed about Teachable, here are a few things I do not like:
- No free plans.
- Teachable doesn’t have a free plan. But, it does offer a 14-day trial.
- 5 percent transaction fees
- There is a 5% transaction fee for people who opt for the Basic plan.
- No phone support.
- There’s no phone 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 have had many a day being the most confused about the bunch. However, with Teachable, I found it reasonably easy. Akin to a duck testing the waters , It does take a while to explore the web site, its features, and test stuff out.
You can teach the way you want to know by utilizing customization tools to personalize your content. Can You Receive Donations On 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 creating the content you wish to sell.
To Sum It Up
For complete beginners and busy entrepreneurs who wish 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 business. Why not start today?
Frequently Asked Questions: Can You Receive Donations On Teachable
What is Teachable?
Teachable is an online learning platform which helps users make and market their courses.
Can I use Teachable at No Cost?
There’s 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 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 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 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 annual billing is chosen. But, many 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 business needs.
The Business Plan also costs $299/month or $249/month if yearly billing is chosen. This is a much better fit for large organizations where multiple teachers are needed 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 charges 2.9% plus 30 cents. International cards are billed 3.9% plus 30c. International PayPal gets charged 4.4% and 30 cents.