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 known as Fedora. Nagpal, a class builder himself, decided to create his own online learning platform with characteristics he envisioned his courses and students would enjoy after getting frustrated over the lack of direct access to students some platforms needed.
In 2020, sources say that Hotsmart obtained Teachable for approximately $250M.
Before you go on, you may want to watch this video by Robert C. Brown on YouTube that gives a quick overview. After, you’ll want to read the rest of the article for a more comprehensive review of Teachable.
In A Nutshell Teachable Acquisition
Teachable allows one to make and sell online classes and coaching with videos, quizzes, and lectures. It’s a simple and intuitive interface which makes it an excellent platform for complete beginners. It deals with your sales tracking, payment collections, and affiliates commissions. So, you don’t need to have a virtual assistant or group member to perform it. Instead, you can concentrate more on course construction.
Who Uses Teachable?
We can not deny that online learning is a quick and booming industry. And we want to take a slice out of the ever-growing demand.
It’s excellent for entrepreneurs, founders, and small business owners who want to make online courses into a potentially lucrative business. Teachable is utilized by individuals like Pat Flynn of Smart Passive Income to sell their courses to students.
You also have enterprises like The New York Times, Shopify, and Penn Law.
More than 100,000 creators sold over $1 billion in courses and training for students all around the world as of this moment.
Here are some of the features I enjoyed 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 stated previously, Teachable prides itself on its ease of use. Going around and operating the course 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. It is easier for the user to upload documents, review analytics, issue refunds, and communicate with students.
You can integrate as many tools as you need 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 with their power editor.
Teachable offers a large selection of themes for your online course site which you can select to create an attractive landing page. All you have to do is upload the logos, text, images and select color schemes to fit your business’ branding.
You have the option of inserting custom CSS or HTML to the Code Snippets region if you are an advanced user.
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 attempting 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 offer your students discounts should they decide to buy a second course. It is a good means of increasing conversions.
When it comes to student monitoring, you can check student registration and engagement. You’ll get reports on how your students interact with your classes, their completion rates, and where the students get stuck.
Teachable deals with technology and promotion for you so you don’t need to worry about monitoring sales and student insights with their comprehensive dashboards.
To access this feature, you would 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 aspects 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 through Teachable Payments. With this, you don’t need to find a 3rd party for payment processing.
You may choose your payment money from a broad range of choices. You may also 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.
Your students can pay by credit card, debit card, PayPal, Apple Pay, and Google Pay. You also have the choice of charging your classes as one-time purchases, monthly payments, or as a subscription.
The service is responsive. It has an extensive knowledge library with online lessons and lives webinars for common questions you might ask as you begin creating your first course. You can create a ticket if you have any additional queries. Normally, you’ll hear back from service within 24 hours. Professional Teachable clients have access to live chat service.
What Plans can I avail?
Teachable allows customers to choose one of three options: Basic, Pro, and company.
While Teachable doesn’t have a free version, it will offer a 14-day free trial for people who wish to dip their toes first and check out its features before committing.
All plans include unlimited video, courses, and hosting. It also has integrated payment processing, pupil management, lecture comments, basic 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 )
Each of the base features include unlimited students, course 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 annual billing is selected)
This includes all base attributes 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 plus 20-admin level users, bulk student enrollments, manual student imports, custom user functions, innovative theme customization, and group coaching calls. Teachable Acquisition
Here are a few 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 is a 5% transaction fee for people who opt for the Basic plan.
- No phone support.
- There’s no telephone number to contact for inquiries.
Why should you try 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. However, with Teachable, I found it reasonably simple. Akin to a duck testing the waters , It does take a while to explore the website, its features, and test stuff out.
You can teach the way you want to learn by utilizing customization tools to personalize your content. Teachable Acquisition
You don’t need to think about marketing. Teachable has built-in features to take care of payouts, taxes, affiliates, and authors. So all you’ve got to worry about is creating the content 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.
You may make your online course on any subject you love, and Teachable helps you turn that into a business. Why not start today?
Frequently Asked Questions: Teachable Acquisition
Teachable is an online learning platform which helps users make and market their courses.
Can I use Teachable for free?
There is 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 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 banks dependent on the payment scheme set from the primary school owner. It can be done in the Preferences > Payments section of the 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. But, many individuals opt for Teachable’s popular Pro Plan at $119/month or $99/month if annual billing is determined. It has more features that match most of what their business needs.
The Business Plan also costs $299/month or $249/month if annual billing is chosen. This is a better fit for large organizations where multiple teachers are needed to upload course materials.
Can Teachable charge any processing charges?
Yes. For any sale made through a credit card, debit card, and US Paypal account, it charges 2.9% plus 30 cents. International cards are charged 3.9% plus 30c. International PayPal gets billed 4.4% plus 30 cents.