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 called Fedora. Nagpal, a class builder himself, decided to create his online learning platform with features 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 state that Hotsmart obtained Teachable for approximately $250M.
Before you go on, you may want to check out this video by Robert C. Brown on YouTube that gives a quick review. Afterward, you will want to read the rest of our article for a more comprehensive review of Teachable.
In A Nutshell Open Source Teachable
Teachable allows one to create and sell online classes and coaching with videos, quizzes, and lectures. It has a straightforward and intuitive interface that makes it an outstanding platform for beginners. You don’t need to have a virtual assistant or team member to perform it because it already takes care of your sales tracking, payment collections, and affiliates commissions. Instead, you can concentrate 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 fast and booming industry of online learning.
It’s excellent for entrepreneurs, founders, and small business owners who wish to create online courses into a potentially profitable business. 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.
As of now, more than 100,000 founders 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 technician hassle and more of being your partner-in-arms to a business.
As stated earlier, Teachable prides itself on its simplicity of use. Going around and operating the program will be found easy by tech novices.
The dashboard is the first thing a user would see after registering on the website. There you will see headers like users, sites, sales, emails, and courses. It’s pretty straightforward. Uploading documents, 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 integrate 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.
Users can select to make an appealing landing page with Teachable’s large choice of topics for your online course website. All you have to do is upload the logos, text, images and select 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
When you’re attempting to analyze your course sales, Teachables has all of the necessary and essential sales tracking and analytics tools that you’d need. You can see how well your classes have performed in specific periods.
You can provide your students discounts should they decide 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.
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 where the students get stuck.
You do not need to worry about monitoring student and sales insights with their comprehensive dashboards. Teachable deals with tech and marketing for you.
To access 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 title of the course. You may change elements of your certificate such as logo, color scheme, and pre-set images. But, you may also create one yourself using the block editor (rich text and Liquid/HTML blocks).
You don’t need to get a 3rd party for payment processing as Teachable comes with its own refundable payment processing via Teachable Payments.
You can select your payment money from a wide range of choices. You can also 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 students can pay by credit card, debit card, PayPal, Apple Pay, and Google Pay.
The support 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. Usually, you’ll hear back from service within one day. Professional Teachable customers 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 will offer a 14-day free trial for people who want to dip their toes first and check out its features before committing.
All plans include unlimited video, classes, and hosting. Additionally, it 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 )
Each of the base features include unlimited students, course merchandise, training product, a members-only community, automated 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 annual billing is selected)
Including 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 and 20-admin level users, bulk student enrollments, manual pupil imports, custom user functions, innovative theme customization, and group coaching calls. Open Source 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 doesn’t have a free plan. But, it does offer a 14-day trial.
- 5 percent transaction fees
- There’s a 5 percent transaction fee for those who opt for the Basic plan.
- No phone service.
- There is no phone 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 the most confused about the crowd. However, with Teachable, I found it fairly simple. 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 know by using customization tools to personalize your content. Open Source Teachable
You don’t have to worry about marketing. Teachable has built-in features to take care of payouts, taxes, affiliates, and writers. So all you’ve got to worry about is creating the content that you want to sell.
To Sum It Up
For complete beginners and busy entrepreneurs who wish to concentrate more on course creation 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 today?
Frequently Asked Questions: Open Source Teachable
Teachable is an online learning platform that helps users create and sell their courses.
Can I use Teachable at No Cost?
There’s 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 is 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 may receive payouts directly to their banks dependent on the payment scheme set from the principal school owner. It can be carried out from 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 annual billing is chosen. But, many people 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 company needs.
The Business Plan also costs $299/month or $249/month if annual billing is chosen. This would be a better fit for large organizations where multiple teachers are required to upload course materials.
Does 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 account. International cards are billed 3.9% plus 30c. International PayPal gets billed 4.4% and 30 cents.