If you are 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 called Fedora. Nagpal, a course builder himself, grew frustrated over the lack of direct accessibility 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 acquired 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.
In A Nutshell Downgrade Teachable Plan
Teachable allows one to make and sell online classes and coaching with videos, quizzes, and lectures. It has a straightforward and intuitive interface which makes it an outstanding platform for complete beginners. It takes care of your sales monitoring, payment collections, and affiliates commissions. Thus, you don’t have to have a virtual assistant or team member to do it. Alternatively, you can concentrate more on course building.
Who Uses Teachable?
We can’t deny that online learning is a fast and booming industry. And we want to take a slice out of the ever-growing demand.
It’s ideal for entrepreneurs, founders, and small business owners that wish to create online courses to a potentially lucrative business. Teachable is used by folks like Pat Flynn of Smart Passive Income to market their courses to students.
You also have enterprises such as The New York Times, Shopify, and Penn Law.
As of now, more than 100,000 creators sold over $1 billion in courses and coaching for students all over 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 hassle and more of being your partner-in-arms to a company.
As stated previously, Teachable prides itself on its ease of use. Going around and operating the course will be found easy by tech novices.
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. Uploading documents, reviewing analytics, issuing refunds, and communication with students becomes easier for the user.
Teachable’s list of partners is fairly extensive making it possible to incorporate as many tools as you want. You’ll also find that it is easy to create multimedia lectures, videos, homepage, and landing pages using their power editor.
Teachable offers a large choice of topics for your online course site which you can select to make an attractive 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 to the Code Snippets Area.
Marketing, Student Tracking Tools, and Analytics Capabilities
When you’re attempting to analyze your path 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 offer your students discounts should they choose to obtain a second course when you get access to advanced sales features like one-click upsells and bundles from availing greater plans. It is a fantastic way of increasing conversions.
In regards to student tracking, you can check student enrollment and engagement. You’ll get reports on how your students interact with your courses, their completion rates, and in which the students get stuck.
You don’t need to worry about tracking student and sales insights with their comprehensive dashboards. Teachable deals with tech and marketing for you.
You would need a Pro or Business Plan to get this feature. 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 course. You may change aspects of your certificate like logo, color 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 do not need to find a 3rd party for payment processing.
You may select your payment currency from a wide range of choices. You may even generate 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 option of charging your courses as one-time purchases, monthly payments, or as a subscription.
The service 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. But, if you have any additional questions, you can create a ticket. Usually, you’ll hear back from service 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.
For people who want to dip their feet first and check out its features before committing, Teachable will offer a 14-day free trial.
All plans include unlimited video, courses, and hosting. It also 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 yearly billing is selected )
Each of the base features include unlimited students, course 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 percent 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 class certificates, among others–no transaction fees.
Business ($299/month or $249/month if annual billing is chosen)
This includes everything in Pro plus 20-admin level users, bulk student enrollments, manual pupil imports, custom user roles, advanced theme customization, and group coaching calls. Downgrade Teachable Plan
Now that I have talked about what I liked about Teachable, here are a few things I do not like:
- No free plans.
- Teachable doesn’t have a totally free plan. But, it does offer a 14-day trial.
- 5 percent transaction fees
- There is a 5% transaction fee for those who opt for the Basic plan.
- No phone support.
- There’s no telephone number to contact for queries.
Why should you attempt it?
I am not the most tech-savvy man 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 reasonably easy. Comparable to a duck testing the waters first, It does take a while to explore the website, its features, and test stuff out.
You can teach the way you would like to learn by using customization tools to personalize your content. Downgrade Teachable Plan
You don’t have to worry about marketing. All you have 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 authors.
To Sum It Up
Teachable is an approachable platform for complete beginners and busy entrepreneurs who wish to focus more on course creation than the business’s tech and marketing aspect.
Teachable helps you turn the online courses you may make on any subject you love into a business. Why not start now?
Frequently Asked Questions: Downgrade Teachable Plan
What is Teachable?
Teachable is an online learning platform that 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 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 from the principal school owner. It can be done from the Preferences > Payments section of the 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. But, lots of individuals 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.
For large organizations where multiple instructors are required to upload course materials, a much better fit would the Business Plan which costs $299/month or $249/month if annual billing is chosen.
Does Teachable charge any processing charges?
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 charged 3.9% and 30c. International PayPal gets charged 4.4% and 30 cents.