If you’re an entrepreneur or content creator looking 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 course builder himself, grew frustrated over the lack of direct accessibility to students some platforms had. He decided to create his online learning platform with features he envisioned his classes and students would enjoy.
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’ll want to read the rest of the article for a more comprehensive review of Teachable.
In A Nutshell Teachable Laura Lacuqer
Teachable allows one to create and sell online courses and coaching with videos, quizzes, and lectures. It’s a simple and intuitive interface that makes it an outstanding platform for complete 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 perform it. Instead, you can focus more on course building.
Who Uses Teachable?
We can’t deny that we would like to take a slice out of the ever-growing demand from the fast and booming industry of online learning.
Entrepreneurs, founders, and small business owners who want to create online courses into a potentially lucrative business will find using Teachables to be very ideal. Individuals 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.
More than 100,000 founders sold over $1 billion in classes and training for students all over the world as of now.
Here are some of the features I liked in Teachable:
Ease of Use
Teachable’s best feature is being less of a technician headache and more of being your partner-in-arms to a business.
As mentioned previously, Teachable prides itself on its simplicity of use. Going around and operating the program will be found easy by tech beginners.
The dashboard is the first thing a user would see after registering on the website. There you may see headers like users, websites, sales, emails, and courses. It is pretty straightforward. Uploading documents, reviewing analytics, issuing refunds, and communicating with students becomes easier for the user.
It is possible to integrate 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 topics for your online course website 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.
If you are an advanced user, you have the option of inserting custom CSS or HTML to the Code Snippets Area.
Marketing, Student Tracking Tools, and Analytics Capabilities
When you’re trying to analyze your path sales, Teachables has all of the necessary and essential sales tracking and analytics tools that you’d need. You can see how well your classes have performed in specific phases.
You can offer your pupils discounts should they decide to obtain another course when you get access to advanced sales features like one-click upsells and bundles from availing greater plans. It’s a fantastic way of increasing conversions.
In regards to student tracking, 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 technology and marketing for you so you do not need to worry about tracking student and sales insights with their comprehensive dashboards.
You would 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 title of the program. You may change aspects of your certificate such as logo, colour scheme, and pre-set images. But, you may also create one yourself using the block editor (rich text and Liquid/HTML blocks).
You do not need to get a 3rd party for payment processing as Teachable comes with its own refundable payment processing through Teachable Payments.
You can choose your payment currency from a broad range of choices. You may even 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 service is responsive. It has an extensive knowledge library with online lessons and lives webinars for common questions you might ask as you start creating your first course. You can create a ticket if you have any additional questions. Normally, you will 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.
For people who wish to dip their feet first and take a look at its features before committing, Teachable does offer a 14-day free trial.
All plans include unlimited video, classes, and hosting. It also has integrated payment processing, pupil 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, course product, 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 yearly billing is selected)
Including all base features plus priority product support, advanced reports, five admin-level users, an unbranded website, 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, innovative theme customization, and group coaching calls. Teachable Laura Lacuqer
Here are some things I don’t like about Teachable now that I have talked about what I liked about it:
- No free plans.
- Teachable does not have a free plan. But, it does offer a 14-day trial.
- 5% transaction fees
- There is a 5% transaction fee for those who opt for the Basic plan.
- No phone support.
- There’s no telephone number to contact for inquiries.
Why should you attempt it?
I am not the most tech-savvy man out there. Far from it, actually. I have had many a day being very confused about the bunch. However, with Teachable, I found it fairly simple. Comparable to a duck testing the waters first, It does take a while to explore the website, its features, and test stuff out.
You can teach how you want to know by using customization tools to personalize your content. Teachable Laura Lacuqer
You don’t need to think about marketing. Teachable has built-in features to look after payouts, taxes, affiliates, and authors. So all you’ve got to worry about is making the content you wish to sell.
To Sum It Up
For complete beginners and busy entrepreneurs who wish to concentrate more on course production than the business’s tech and marketing aspect, Teachable is an approachable platform.
Teachable helps you turn the online courses you may make on any topic you love into a company. Why not start now?
Frequently Asked Questions: Teachable Laura Lacuqer
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’s absolutely 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 in addition to PayPal payments. Owners may receive payouts directly to their own banks based on the payment scheme set from 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 yearly billing is chosen. But, many people opt for Teachable’s more popular Pro Plan at $119/month or $99/month if annual billing is set. It has more features that match most of what their company needs.
For large organizations where multiple teachers are required to upload course materials, a better fit would the Business Plan which costs $299/month or $249/month if annual billing is chosen.
Can 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 charged 3.9% plus 30c. International PayPal gets billed 4.4% and 30 cents.