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) based by Angkur Nagpal as a side project. It was previously known as Fedora. Nagpal, a class builder himself, decided to create his own online learning platform with features that he envisioned his courses and students would enjoy after getting frustrated over the lack of direct accessibility to students some platforms needed.
In 2020, sources state that Hotsmart acquired Teachable for about $250M.
Before you go on, you may want to check out this video by Robert C. Brown on YouTube that gives a quick overview. Afterward, you will want to read the rest of our article for a more comprehensive review.
In A Nutshell Close Enrollment For Teachable
Teachable allows one to create and sell online courses and training with videos, quizzes, and lectures. It’s a simple and intuitive interface that makes it an excellent platform for beginners. It deals with your sales tracking, payment collections, and affiliates commissions. Thus, you don’t need to have a virtual assistant or team member to perform it. Instead, you can focus more on course building.
Who Uses Teachable?
We can’t deny that we want to take a slice from the ever-growing demand from the fast and booming industry of online learning.
Entrepreneurs, creators, and small business owners that want to create online courses into a potentially lucrative business will find using Teachables to be excellent. 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.
More than 100,000 founders sold over $1 billion in courses and coaching 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 tech headache and more of being your partner-in-arms to a company.
As mentioned earlier, Teachable prides itself on its simplicity of use. Tech beginners will find it easy to go around and operate the course.
When you register on the site, it leads you to the dashboard. There you will see headers like users, sites, sales, emails, and classes. It is pretty straightforward. Uploading files, reviewing analytics, issuing refunds, and communicating with students becomes a lot easier for the user.
You can integrate as many tools as you need as Teachable’s list of partners is pretty extensive. 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 create an appealing landing page. All you have 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 into the Code Snippets region if you’re an advanced user.
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 periods.
For higher plans, you get access to advanced sales features like one-click upsells and bundles. With this, you can offer your pupils discounts should they choose to buy a second course. It’s a fantastic means of increasing conversions.
When it comes to student monitoring, you can check student enrollment and engagement. You will receive reports on how your students interact with your classes, their completion rates, and in which the students get stuck.
Teachable deals with tech and marketing for you so you don’t need to worry about monitoring sales and student insights with their comprehensive dashboards.
To access 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 title of the program. You may change elements of your certificate such as logo, colour scheme, and preset pictures. But, you may also create one yourself using the block editor (rich text and Liquid/HTML blocks).
Teachable comes with its in-built payment processing through Teachable Payments. With this, you don’t have to find a 3rd party for payment processing.
You may select your payment money from a broad assortment of choices. You can 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 option of charging your classes as one-time purchases, monthly payments, or as a subscription which your pupils can pay by credit card, debit card, PayPal, Apple Pay, and Google Pay.
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. You can create a ticket if you have any additional questions. Normally, you’ll hear back from support within 24 hours. Professional Teachable clients have access to live chat support.
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 people who wish to dip their toes first and take a look at its features before committing.
All plans include unlimited video, courses, and hosting. It also has integrated payment processing, student 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 yearly billing is chosen)
All the base features include unlimited students, class product, 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% transaction fee on this plan.
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 site, and completion course certificates, among others–no transaction fees.
Business ($299/month or $249/month if annual billing is chosen)
Including everything in Pro plus 20-admin level users, bulk student enrollments, manual student imports, custom user roles, advanced theme customization, and group coaching calls. Close Enrollment For 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 does not have a free plan. However, it does offer a 14-day trial.
- 5% 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 try it?
I am not the most tech-savvy person out there. Far from it, actually. I’ve had many a day being the most confused about the bunch. But with Teachable, I found it fairly easy. It does take some time to explore the website, its features, and test stuff out. Comparable to a duck testing the waters .
You can teach the way you want to learn by using customization tools to personalize your content. Close Enrollment For Teachable
You don’t have to think about marketing. Teachable has built-in features to take care of payouts, taxes, affiliates, and authors. So all you have to worry about is creating the content that you want to sell.
To Sum It Up
For complete beginners and busy entrepreneurs who want to focus more on course creation than the business’s tech and marketing aspect, Teachable is an approachable platform.
Teachable helps you turn the online courses you may make on any subject you love into a company. Why not start today?
Frequently Asked Questions: Close Enrollment For Teachable
Teachable is an online learning platform that helps users make and market 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 do not 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 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 in the Preferences > 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 annual 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 people. It has more features that fit most of what their business needs.
For large organizations where multiple teachers are required to upload course materials, a much better fit would the Business Plan which costs $299/month or $249/month if yearly billing is chosen.
Can Teachable charge any processing charges?
Yes. It costs 2.9% plus 30 cents for any sale made through a credit card, debit card, and US Paypal account. International cards are billed 3.9% and 30c. International PayPal gets charged 4.4% and 30 cents.