Teachable is the platform for you if you’re an entrepreneur or content creator looking 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 called Fedora. Nagpal, a class builder himself, grew frustrated over the lack of direct access to students some platforms had. He decided to create his own online learning platform with characteristics that he envisioned his courses and students would like.
In 2020, sources state that Hotsmart obtained 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. After, you will want to read the rest of the article for a more comprehensive review of Teachable.
In A Nutshell Joanna Wiebe Teachable
Teachable allows one to create and sell online classes and coaching with videos, quizzes, and lectures. It’s a simple and intuitive interface that makes it an excellent platform for beginners. It takes care of your sales monitoring, payment collections, and affiliates commissions. So, you don’t have to have a virtual assistant or team member to do it. Instead, you can concentrate more on course construction.
Who Uses Teachable?
We can’t deny that online learning is a fast and booming industry. And we want to take a slice from the ever-growing demand.
It’s excellent for entrepreneurs, founders, and small business owners that wish to create online courses into a potentially profitable business. Individuals like Pat Flynn of Smart Passive Income use Teachable to sell 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 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 earlier, Teachable prides itself on its simplicity of use. Going around and operating the program will be found easy by tech beginners.
The dashboard is the first thing a user would see after registering on the website. There you will see headers such as users, websites, sales, emails, and classes. It is pretty straightforward. Uploading files, reviewing analytics, issuing refunds, and communicating 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 need. You will also find that it is easy to create multimedia lectures, videos, homepage, and landing pages with their power editor.
Users can select to create an appealing landing page with Teachable’s large selection of themes for your online course site. 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 choice of inserting custom CSS or HTML to the Code Snippets region.
Marketing, Student Tracking Tools, and Analytics Capabilities
When you are attempting to analyze your path sales, Teachables has all 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.
You can provide your pupils discounts should they choose to obtain another course when you get access to advanced sales features like one-click upsells and packages from availing higher plans. It is a fantastic means of increasing conversions.
You can check student registration and engagement in regards to student monitoring. You’ll get reports on how your students interact with your classes, their completion rates, and where the students get stuck.
Teachable deals with tech and promotion for you so you do not need to worry about monitoring student and sales insights with their comprehensive dashboards.
To get this feature, you’d 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 name of the course. You may change elements 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 don’t need to get a 3rd party for payment processing.
You can choose your payment currency from a broad 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 students 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 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 course. You can create a ticket if you have any additional questions. Usually, you will 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 company.
For those who wish to dip their toes first and take a look at its features before committing, Teachable will offer a 14-day free trial.
All plans include unlimited video, classes, and hosting. It also has integrated payment processing, pupil 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 )
All the base features include unlimited students, class product, coaching product, a members-only community, automated sign-ups, and two admin-level users. You’ll need to pay the monthly fee together with a 5 percent transaction fee on this plan.
Pro ($119/month or $99/month if yearly billing is selected)
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 chosen)
This includes everything in Pro and 20-admin level users, bulk student enrollments, manual pupil imports, custom user roles, innovative theme customization, and group coaching calls. Joanna Wiebe Teachable
Here are some things I do not like about Teachable now that I’ve talked about what I enjoyed about it:
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 percent transaction fee for people who opt for the Basic plan.
No phone support.
There is no phone 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 very confused about the crowd. However, with Teachable, I found it fairly 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 would like to know by using customization tools to personalize your content. Joanna Wiebe Teachable
You don’t have to think 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 writers.
To Sum It Up
For complete beginners and busy entrepreneurs who want to concentrate more on course creation than the business’s technology and marketing aspect, Teachable is an approachable platform.
You may make your online course on any subject you love, and Teachable helps you turn that into a company. Why not start now?
Frequently Asked Questions: Joanna Wiebe 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’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 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 as well as PayPal payments. Owners can receive payouts directly to their banks dependent on the payment scheme set out by the principal 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. But, lots of people opt for Teachable’s more popular Pro Plan at $119/month or $99/month if annual billing is set. It has more features that match most of what their business needs.
For large organizations where multiple instructors are needed to upload course materials, a 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 charges 2.9% plus 30 cents for any sale made via a credit card, debit card, and US Paypal accounts. International cards are billed 3.9% plus 30c. International PayPal gets charged 4.4% plus 30 cents.