If you’re 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, grew frustrated over the lack of direct accessibility to students some platforms had. So, he decided to create his online learning platform with characteristics that he envisioned his courses and students could enjoy.
In 2020, sources say that Hotsmart acquired Teachable for approximately $250M.
Before you continue, 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 our article for a more comprehensive review of Teachable.
In A Nutshell Teachable How To Price Your Online Course
Teachable allows one to make and sell online classes and training with videos, quizzes, and lectures. It’s a simple and intuitive interface which makes it an excellent platform for complete beginners. You don’t have to have a virtual assistant or team member to do it because it already deals with your sales monitoring, payment collections, and affiliates commissions. Alternatively, you can focus 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 ideal for entrepreneurs, founders, and small business owners who want to make online courses to a potentially lucrative business. Teachable is utilized by individuals like Pat Flynn of Smart Passive Income to market 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 founders sold over $1 billion in courses and training 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 technician hassle and more of being your partner-in-arms to a business.
As stated previously, Teachable prides itself on its simplicity of use. Tech beginners will find it easy to go around and operate the course.
The dashboard is the first thing a user would see after registering on the site. There you may see headers such as users, websites, sales, emails, and classes. It’s pretty straightforward. It is easier for the user to upload files, review analytics, issue refunds, and communicate with students.
You can incorporate as many tools as you need as Teachable’s list of partners is fairly extensive. You will also find that it is easy to create multimedia lectures, videos, homepage, and landing pages using their power editor.
Teachable offers a large choice of topics for your online course site which you can select to make an appealing 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 into the Code Snippets region if you’re an advanced user.
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 would need. You can see how well your classes have performed in specific phases.
You can offer 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 greater plans. It is a fantastic 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 courses, their completion rates, and where the students get stuck.
You don’t need to worry about tracking sales and student insights with their comprehensive dashboards. Teachable deals with tech and promotion for you.
You’d need a Pro or Business Plan to get this feature. 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 program. 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).
Teachable comes with its in-built payment processing via Teachable Payments. With this, you don’t have to get a 3rd party for payment processing.
You can select your payment currency 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.
Your students can pay by credit card, debit card, PayPal, Apple Pay, and Google Pay. You also have the choice of charging your courses 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 may ask as you begin creating your first course. You can create a ticket if you have any additional questions. Normally, you’ll hear back from service within one day. Professional Teachable clients have access to live chat support.
What Plans can I avail?
Teachable enables customers to choose one of three options: Basic, Pro, and company.
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. It also 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 chosen)
Each of the base features include unlimited students, class merchandise, coaching product, a members-only community, automatic sign-ups, and two admin-level users. You’ll need 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 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 annual billing is selected )
Including everything in Pro and 20-admin level users, bulk student enrollments, manual student imports, custom user roles, advanced theme customization, and group coaching calls. Teachable How To Price Your Online Course
Now that I have talked about what I liked about Teachable, here are some things I don’t like:
- No free plans.
- Teachable doesn’t have a free plan. But, it does offer a 14-day trial.
- 5% transaction fees
- There is a 5 percent transaction fee for those who opt for the Basic plan.
- No phone service.
- There’s no phone number to contact for inquiries.
Why should you try it?
I am not the most tech-savvy person out there. Far from it, actually. I’ve had many a day being the most confused about the bunch. But with Teachable, I found it reasonably easy. Comparable to a duck testing the waters , It does take a while to explore the website, its features, and test stuff out.
You can teach how you would like to learn by utilizing customization tools to personalize your content. Teachable How To Price Your Online Course
You don’t have to think about marketing. Teachable has built-in features to take care of payouts, taxes, affiliates, and authors. So all you have to worry about is making the content you want to sell.
To Sum It Up
Teachable is an approachable platform for complete beginners and busy entrepreneurs who wish to concentrate more on course creation than the business’s technology and marketing aspect.
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: Teachable How To Price Your Online Course
Teachable is an online learning platform which 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 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 may receive payouts directly to their own banks dependent on the payment scheme set from the principal school owner. It can be carried out in the Settings > Payments section of their 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. 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.
Does Teachable charge any processing charges?
Yes. For any sale made via a credit card, debit card, and US Paypal account, it charges 2.9% plus 30 cents. International cards are billed 3.9% plus 30c. International PayPal gets charged 4.4% and 30 cents.