Teachable is the platform for you if you are an entrepreneur or content creator looking for a way to transform knowledge into earnings.
Teachable is a learning management system (LMS) founded by Angkur Nagpal as a side project. It was previously called Fedora. Nagpal, a class builder himself, decided to create his online learning platform with features that he envisioned his classes and students would enjoy after getting frustrated over the lack of direct access to students some platforms needed.
In 2020, sources say that Hotsmart acquired Teachable for about $250M.
Before you continue, you may want to watch this video by Robert C. Brown on YouTube that gives a quick review. After, you will want to read the rest of the article for a more comprehensive review of Teachable.
In A Nutshell Hiandhelloco Teachable
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 excellent platform for beginners. You don’t need to have a virtual assistant or team member to do it because it already takes care of your sales tracking, payment collections, and affiliates commissions. Alternatively, you can focus more on course construction.
Who Uses Teachable?
We can not deny that we would like to take a slice out of the ever-growing demand from the quick and booming industry of online learning.
It’s excellent for entrepreneurs, founders, and small business owners that want to create online courses into a potentially lucrative business. Folks like Pat Flynn of Smart Passive Income utilize Teachable to market their courses to students.
You also have enterprises such as The New York Times, Shopify, and Penn Law.
As of this moment, more than 100,000 creators sold over $1 billion in classes and coaching for students all around the world.
Here are some of the features I enjoyed 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 mentioned earlier, 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 site, it leads you to the dashboard. There you will see headers like users, sites, sales, emails, and courses. It’s pretty straightforward. Uploading documents, reviewing analytics, issuing refunds, and communication with students becomes easier for the user.
It is possible to integrate as many tools as you need as Teachable’s list of partners is pretty extensive. You will also find that you can easily create multimedia lectures, videos, homepage, and landing pages using their power editor.
Teachable offers a large choice of themes for your online course site which 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.
If you’re an advanced user, you have the option of inserting custom CSS or HTML into the Code Snippets region.
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 course 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 provide your pupils discounts should they choose to buy a second course. It’s a fantastic means of increasing conversions.
You can check student enrollment and engagement when it comes to student monitoring. You will receive reports on how your students interact with your classes, their completion rates, and in which the students get stuck.
You do not need to worry about tracking sales and student insights with their comprehensive dashboards. Teachable deals with technology and marketing for you.
You’d need a Pro or Business Plan to access 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 such as logo, colour scheme, and pre-set images. But, you may also create one yourself using the block editor (rich text and Liquid/HTML blocks).
You do not have to find a 3rd party for payment processing as Teachable comes with its in-built payment processing through Teachable Payments.
You may choose your payment money from a wide 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 option of charging your courses 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 service is responsive. It has a comprehensive knowledge library with online lessons and lives webinars for common questions you might ask as you start creating your first course. But, if you have any additional questions, 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 enables customers to choose among three options: Basic, Pro, and company.
While Teachable doesn’t have a free version, it does offer a 14-day free trial for those who wish to dip their feet first and take a look at its features before committing.
All plans include unlimited video, courses, and hosting. Additionally, it 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 selected )
All the base features include unlimited students, class merchandise, training product, a members-only community, automatic sign-ups, and two admin-level users. You’ll have to pay the monthly fee along with a 5% transaction fee on this plan.
Pro ($119/month or $99/month if yearly billing is chosen)
This includes all base features plus priority product support, advanced reports, five admin-level users, an unbranded website, and completion class certificates, among others–no transaction fees.
Business ($299/month or $249/month if annual billing is selected )
This includes everything in Pro plus 20-admin level users, bulk student enrollments, manual student imports, custom user functions, innovative theme customization, and group coaching calls. Hiandhelloco Teachable
Here are some things I don’t like about Teachable now that I have talked about what I liked about it:
- No free plans.
- Teachable does not have a totally free plan. However, it does offer a 14-day trial.
- 5% transaction fees
- There’s a 5 percent 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’m not the most tech-savvy person out there. Far from it, actually. I’ve had many a day being very confused about the crowd. But with Teachable, I found it fairly easy. Akin to a duck testing the waters first, It does take a while to explore the web site, its features, and test stuff out.
You can teach how you want to know by using customization tools to personalize your content. Hiandhelloco Teachable
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
For complete beginners and busy entrepreneurs who want to concentrate more on course production than the business’s technology and marketing aspect, Teachable is an approachable platform.
Teachable helps you turn the online courses you can create on any subject you love into a company. Why not start now?
Frequently Asked Questions: Hiandhelloco Teachable
What is Teachable?
Teachable is an online learning platform which helps users create 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 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 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 own banks based on the payment scheme set out by the primary school owner. It can be carried out in the Settings > Payments section of the 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 determined is more opted by many people. It has more features that fit most of what their company 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 yearly billing is chosen.
Does Teachable charge any processing charges?
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 charged 3.9% and 30c. International PayPal gets charged 4.4% and 30 cents.