Teachable is the platform for you if you’re an entrepreneur or content creator searching for a way to transform knowledge into income.
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 own online learning platform with characteristics he envisioned his classes and students would like after getting frustrated over the lack of direct accessibility to students some platforms needed.
In 2020, sources state 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.
In A Nutshell Sidebar Teachable
Teachable allows one to make and sell online classes and training with videos, quizzes, and lectures. It has a simple and intuitive interface that makes it an excellent platform for complete beginners. It deals with your sales tracking, payment collections, and affiliates commissions. Thus, you don’t have to have a virtual assistant or team member to do it. Alternatively, you can focus more on course construction.
Who Uses Teachable?
We can not deny that we would like to take a slice from the ever-growing demand from the quick and booming industry of online learning.
It’s excellent for entrepreneurs, creators, and small business owners who wish to create online courses into a potentially profitable business. Folks like Pat Flynn of Smart Passive Income utilize Teachable to sell their courses to students.
You also have enterprises like The New York Times, Shopify, and Penn Law.
As of this moment, more than 100,000 creators sold over $1 billion in courses and coaching 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 company.
As mentioned earlier, Teachable prides itself on its simplicity of use. Going around and operating the course will be found easy by tech novices.
When you register on the website, it leads you to the dashboard. There you will see headers like users, sites, sales, emails, and courses. It’s pretty straightforward. It is a lot easier for the user to upload documents, review analytics, issue refunds, and communicate with students.
Teachable’s list of partners is fairly extensive making it possible to integrate as many tools as you need. You will also realize that you can easily create multimedia lectures, videos, homepage, and landing pages with their power editor.
Teachable offers a large selection of topics for your online course website which you can select to make 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 Area.
Marketing, Student Tracking Tools, and Analytics Capabilities
It has all 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 phases.
For higher plans, you get access to advanced sales features like one-click upsells and packages. With this, you can provide your students discounts should they decide to obtain another course. It’s a fantastic means of increasing conversions.
You can check student enrollment and engagement in regards to student monitoring. 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 monitoring sales and student insights with their comprehensive dashboards. Teachable deals with technology and marketing 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 name of the course. You may change elements of your certificate such as 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 own refundable payment processing via Teachable Payments. With this, you do not have to find a 3rd party for payment processing.
You may choose your payment money from a wide assortment 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 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 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 class. Butif you have any additional questions, you can create a ticket. Usually, you will hear back from support within one day. Professional Teachable clients 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 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, classes, and hosting. It also has integrated payment processing, student 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, course product, coaching 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 percent transaction fee on this plan.
Pro ($119/month or $99/month if annual 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 selected )
Including everything in Pro and 20-admin level users, bulk student enrollments, manual pupil imports, custom user functions, innovative theme customization, and group coaching calls. Sidebar Teachable
Now that I have talked about what I liked about Teachable, here are a few things I do not like:
- No free plans.
- Teachable does not have a free plan. But, it does offer a 14-day trial.
- 5% transaction fees
- There’s a 5% transaction fee for people who opt for the Basic plan.
- No phone service.
- There’s no phone number to contact for inquiries.
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 bunch. However, with Teachable, I found it reasonably simple. It does take a while to explore the web site, its features, and test stuff out. Akin to a duck testing the waters first.
You can teach how you would like to learn by utilizing customization tools to personalize your content. Sidebar Teachable
You don’t need to worry about marketing. All you’ve got to worry about is making 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 wish to focus more on course creation than the business’s tech 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 business. Why not start now?
Frequently Asked Questions: Sidebar Teachable
What is Teachable?
Teachable is an online learning platform that helps users create and sell their courses.
Can I use Teachable at No Cost?
There is 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 because of 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 as well as PayPal payments. Owners may receive payouts directly to their own banks dependent on the payment scheme set out by the principal school owner. It can be done in the Settings > Payments section of their 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 yearly billing is chosen. However, Teachable’s more popular Pro Plan at $119/month or $99/month if yearly billing is set is more opted by many individuals. It has more features that match 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 instructors are needed to upload course materials.
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 account. International cards are billed 3.9% plus 30c. International PayPal gets billed 4.4% and 30 cents.