Teachable is the platform for you if you are 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 course builder himself, grew frustrated over the lack of direct accessibility to students some platforms needed. 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 about $250M.
Before you go on, you may want to watch this video by Robert C. Brown on YouTube that gives a quick overview. Afterward, you will want to read the rest of the article for a more comprehensive review of Teachable.
In A Nutshell Creativindie Teachable
Teachable allows one to create and sell online courses and training with videos, quizzes, and lectures. It has a simple and intuitive interface which makes it an outstanding platform for complete beginners. You don’t have to have a virtual assistant or group member to do it because it already takes care of your sales tracking, payment collections, and affiliates commissions. Instead, you can concentrate 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.
It’s ideal for entrepreneurs, founders, and small business owners that want to make online courses into a potentially lucrative business. Individuals like Pat Flynn of Smart Passive Income utilize Teachable to market their courses to students.
You also have enterprises like The New York Times, Shopify, and Penn Law.
As of this moment, more than 100,000 founders sold over $1 billion in courses and training for students all around the world.
Here are some of the features I liked 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 business.
As mentioned previously, Teachable prides itself on its simplicity of use. Going around and operating the program will be found easy by tech novices.
When you register on the website, it leads you to the dashboard. There you may see headers such as users, sites, sales, emails, and classes. It is pretty straightforward. It is a lot easier for the user to upload files, review analytics, issue refunds, and communicate with students.
It is possible to integrate as many tools as you want as Teachable’s list of partners is pretty extensive. You’ll also realize that you can easily 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 create 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’re an advanced user, you have the option of inserting custom CSS or HTML to the Code Snippets Area.
Marketing, Student Tracking Tools, and Analytics Capabilities
It has all of the necessary and essential sales tracking and analytics tools that you’d need while trying to analyze your path sales. You can see how well your courses have performed in specific phases.
For higher plans, you get access to advanced sales features like one-click upsells and packages. With this, you can offer your pupils discounts should they decide to obtain another course. It’s a good means of increasing conversions.
You can check student registration and engagement when it comes 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 do not need to worry about tracking student and sales insights with their comprehensive dashboards.
To get this feature, you would need a Pro or Business Plan. 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 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).
You don’t need to find a 3rd party for payment processing as Teachable comes with its own refundable payment processing via Teachable Payments.
You can choose your payment currency from a wide range 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.
Your students can pay by credit card, debit card, PayPal, Apple Pay, and Google Pay. You also have the option of charging your classes as one-time purchases, monthly payments, or as a subscription.
The support is responsive. It has an extensive knowledge library with online lessons and lives webinars for common questions you might ask as you start creating your first class. You can create a ticket if you have any additional queries. Usually, you’ll hear back from support 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 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. Additionally, it 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 yearly billing is selected )
Each of the base features include unlimited students, course merchandise, training product, a members-only community, automatic sign-ups, and two admin-level users. You’ll need to pay the monthly fee together with a 5% transaction fee on this plan.
Pro ($119/month or $99/month if annual billing is chosen)
This includes 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 )
This includes everything in Pro plus 20-admin level users, bulk student enrollments, manual pupil imports, custom user functions, innovative theme customization, and group coaching calls. Creativindie Teachable
Now that I have talked about what I enjoyed about Teachable, here are a few things I don’t like:
- No free plans.
- Teachable doesn’t have a totally free plan. However, it does offer a 14-day trial.
- 5 percent transaction fees
- There’s a 5% 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’m not the most tech-savvy man out there. Far from it, actually. I have had many a day being very confused about the bunch. But 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 learn by utilizing customization tools to personalize your content. Creativindie Teachable
You don’t need to worry 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 take care of taxes, payouts, affiliates, and writers.
To Sum It Up
For complete beginners and busy entrepreneurs who wish to focus more on course production 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 company. Why not start today?
Frequently Asked Questions: Creativindie Teachable
What is Teachable?
Teachable is an online learning platform which helps users make and sell their courses.
Can I use Teachable for free?
There is a 14-day free trial for the Pro Plan. When you click on the “Get Started” button and register, you will automatically be entered into a Professional plan trial. You do not need a credit card for this. There’s absolutely no 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 may receive payouts directly to their banks based on the payment scheme set out by the primary school owner. It can be carried out 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 yearly billing is chosen. However, Teachable’s Pro Plan at $119/month or $99/month if annual billing is set is more opted by lots of people. It has more features that match most of what their company needs.
The Business Plan also costs $299/month or $249/month if yearly billing is chosen. This is a better fit for large organizations where multiple teachers are needed to upload course materials.
Does Teachable charge any processing fees?
Yes. For any sale made through a credit card, debit card, and US Paypal accounts, it costs 2.9% plus 30 cents. International cards are billed 3.9% plus 30c. International PayPal gets billed 4.4% and 30 cents.