If you are an entrepreneur or content creator searching for a way to transform knowledge into income, 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 class builder himself, decided to create his own online learning platform with features that he envisioned his classes and students could enjoy after getting frustrated over the lack of direct access to students some platforms needed.
In 2020, sources say that Hotsmart acquired 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. After, you will want to read the rest of our article for a more comprehensive review.
In A Nutshell Sale On Teachable
Teachable allows one to make and sell online courses and training with videos, quizzes, and lectures. It has a straightforward and intuitive interface which makes it an outstanding platform for beginners. It deals with your sales tracking, payment collections, and affiliates commissions. So, you don’t have to have a virtual assistant or group member to do it. Alternatively, you can focus more on course construction.
Who Uses Teachable?
We can not deny that online learning is a quick and booming industry. And we would like to take a slice out of the ever-growing demand.
It’s ideal for entrepreneurs, founders, and small business owners that want to make online courses to a potentially profitable business. Teachable is utilized by individuals like Pat Flynn of Smart Passive Income to sell 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 over 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 classes. It is pretty straightforward. It is a lot easier for the user to upload documents, review analytics, issue refunds, and communicate with students.
You can integrate as many tools as you want as Teachable’s list of partners is fairly 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 make 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 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
It has all of the necessary and essential sales tracking and analytics tools that you would need while trying to analyze your course sales. You can see how well your classes have performed in specific periods.
For greater plans, you get access to advanced sales features like one-click upsells and packages. With this, you can provide your pupils discounts should they decide to obtain another course. It’s a good way of increasing conversions.
When it comes to student monitoring, you can check student enrollment and engagement. 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 monitoring sales and student insights with their comprehensive dashboards. Teachable deals with tech and promotion for you.
You would 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 like logo, colour scheme, and preset pictures. But, you may also create one yourself using the block editor (rich text and Liquid/HTML blocks).
You do not need to find a 3rd party for payment processing as Teachable comes with its in-built payment processing through Teachable Payments.
You may select your payment money from a wide range of choices. You can even generate 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 pupils 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 may 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 enables customers to choose one of three options: Basic, Pro, and Business.
For those who want 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, courses, and hosting. Additionally, it has integrated payment processing, student 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 yearly billing is selected )
All the base features include unlimited students, course product, coaching product, a members-only community, automatic 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 yearly billing is chosen)
This includes all base features plus priority product support, advanced reports, five admin-level users, an unbranded site, and completion course 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 student imports, custom user functions, advanced theme customization, and group coaching calls. Sale On Teachable
Now that I’ve talked about what I enjoyed about Teachable, here are some things I do not like:
- No free plans.
- Teachable doesn’t have a free plan. But, it does offer a 14-day trial.
- 5% transaction fees
- There’s a 5% transaction fee for those 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’ve had many a day being the most confused about the crowd. But with Teachable, I found it reasonably easy. Comparable 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. Sale On Teachable
You don’t have to worry about marketing. All you’ve got to worry about is creating the content that you wish to sell since Teachable has built-in features to look after 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 tech and marketing aspect, Teachable is an approachable platform.
You can create your online course on any topic you love, and Teachable helps you turn that into a company. Why not start now?
Frequently Asked Questions: Sale On Teachable
Teachable is an online learning platform that helps users make and sell 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 don’t need a credit card for this. There is 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 in addition to PayPal payments. Owners can receive payouts directly to their own banks based on the payment scheme set from the primary school owner. It can be done 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. However, Teachable’s Pro Plan at $119/month or $99/month if annual billing is set is more opted by many individuals. It has more features that match most of what their company needs.
For large organizations where multiple instructors are needed to upload course materials, a much 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 costs 2.9% plus 30 cents for any sale made through a credit card, debit card, and US Paypal accounts. International cards are billed 3.9% and 30c. International PayPal gets charged 4.4% plus 30 cents.