If you are an entrepreneur or content creator searching for a way to transform knowledge into earnings, 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 course builder himself, decided to create his own online learning platform with characteristics he envisioned his courses and students could like after getting frustrated over the lack of direct access to students some platforms had.
In 2020, sources say that Hotsmart acquired Teachable for about $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.
In A Nutshell Teachable Ide
Teachable allows one to make and sell online classes and coaching with videos, quizzes, and lectures. It’s a simple and intuitive interface that makes it an outstanding platform for beginners. It deals with your sales monitoring, 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’t deny that we would like to take a slice out of the ever-growing demand from the quick and booming industry of online learning.
Entrepreneurs, founders, and small business owners that want to create online courses into a potentially lucrative business will find using Teachables to be excellent. Teachable is used 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.
As of this moment, more than 100,000 founders 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 business.
As stated earlier, Teachable prides itself on its ease of use. Tech novices 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 website. There you may see headers such as users, sites, sales, emails, and classes. It’s pretty straightforward. Uploading documents, reviewing analytics, issuing refunds, and communication with students becomes a lot easier for the user.
It is possible to incorporate as many tools as you want as Teachable’s list of partners is fairly extensive. 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 themes for your online course website that you can select to create an appealing landing page. All you have to do is upload the logos, text, images and choose color schemes to fit your business’ branding.
You have the option of inserting custom CSS or HTML into 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’d need while trying to analyze your course sales. You can see how well your classes have performed in specific periods.
You can provide your pupils discounts should they decide to buy a second course when you get access to advanced sales features like one-click upsells and packages from availing greater plans. It’s a good means of increasing conversions.
In regards to student monitoring, you can check student registration and engagement. You will receive reports on how your students interact with your classes, their completion rates, and in which the students get stuck.
Teachable deals with tech and promotion for you so you do not need to worry about tracking sales and student insights with their comprehensive dashboards.
To get 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 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 through Teachable Payments. With this, you don’t have to get a 3rd party for payment processing.
You can choose your payment money from a wide assortment of choices. You can even generate 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 choice 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 may ask as you begin creating your first class. You can create a ticket if you have any additional questions. Normally, you will hear back from support within 24 hours. Professional Teachable clients have access to live chat support.
What Plans can I avail?
Teachable enables customers to choose among three options: Basic, Pro, and company.
For people who want to dip their toes first and check out 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, 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, class product, coaching product, a members-only community, automatic sign-ups, and two admin-level users. You’ll need 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)
Including all base attributes plus priority product support, advanced reports, five admin-level users, an unbranded site, and completion class 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 Ide
Here are some things I do not like about Teachable now that I have talked about what I enjoyed about it:
- No free plans.
- Teachable does not have a totally free plan. However, 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 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 bunch. However, with Teachable, I found it reasonably easy. 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 using customization tools to personalize your content. Teachable Ide
You don’t need to think about marketing. All you’ve got to worry about is making the content you want to sell since Teachable has built-in features to take care of taxes, payouts, affiliates, and authors.
To Sum It Up
For complete beginners and busy entrepreneurs who want to focus more on course creation than the business’s tech and marketing aspect, Teachable is an approachable platform.
Teachable helps you turn the online courses you can create on any topic you love into a company. Why not start now?
Frequently Asked Questions: Teachable Ide
What is Teachable?
Teachable is an online learning platform which helps users make and market 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 because of this. There is not any 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 can receive payouts directly to their own banks dependent on the payment scheme set out by the primary school owner. It can be done from 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 annual billing is chosen. However, Teachable’s more popular Pro Plan at $119/month or $99/month if yearly billing is determined is more opted by many people. It has more features that match most of what their business needs.
For large organizations where multiple instructors are required to upload course materials, a much better fit would the Business Plan which costs $299/month or $249/month if annual billing is chosen.
Can Teachable charge any processing fees?
Yes. It charges 2.9% plus 30 cents for any sale made via a credit card, debit card, and US Paypal accounts. International cards are charged 3.9% and 30c. International PayPal gets charged 4.4% plus 30 cents.