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) founded by Angkur Nagpal as a side project. It was previously known as Fedora. Nagpal, a class builder himself, grew frustrated over the lack of direct access to students some platforms had. He decided to create his own online learning platform with features that he envisioned his courses and students could enjoy.
In 2020, sources say 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. Afterward, you’ll want to read the rest of the article for a more comprehensive review.
In A Nutshell Teachable Payments Pending
Teachable allows one to create and sell online courses and coaching with videos, quizzes, and lectures. It has a straightforward and intuitive interface which makes it an excellent platform for beginners. You don’t have to have a virtual assistant or group member to do it because it already deals with your sales tracking, payment collections, and affiliates commissions. Instead, you can concentrate more on course building.
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Who Uses Teachable?
We can’t deny that we want to take a slice out of the ever-growing demand from the quick and booming industry of online learning.
Entrepreneurs, creators, and small business owners that wish to create online courses into a potentially lucrative business will find using Teachables to be very excellent. Teachable is used by folks like Pat Flynn of Smart Passive Income to sell their courses to students.
You also have enterprises such as The New York Times, Shopify, and Penn Law.
As of now, more than 100,000 creators sold over $1 billion in classes and coaching 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 tech headache and more of being your partner-in-arms to a company.
As mentioned previously, Teachable prides itself on its ease of use. Tech beginners will find it easy to go around and operate the course.
When you register on the website, it leads you to the dashboard. There you will see headers like users, websites, sales, emails, and courses. It’s pretty straightforward. Uploading files, reviewing analytics, issuing refunds, and communicating with students becomes a lot easier for the user.
Customization
Teachable’s list of partners is pretty extensive making it possible to incorporate as many tools as you want. 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 selection of topics for your online course website that you can select to create an attractive landing page. All you’ve got 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 choice of inserting custom CSS or HTML into the Code Snippets Area.
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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 courses have performed in specific periods.
You can offer your students discounts should they choose to buy another course when you get access to advanced sales features like one-click upsells and bundles from availing higher plans. It is a good way of increasing conversions.
You can check student registration and engagement when it comes to student monitoring. You will receive reports on how your students interact with your courses, their completion rates, and in which the students get stuck.
Teachable deals with tech and marketing for you so you do not need to worry about monitoring student and sales insights with their comprehensive dashboards.
Completion Certificates
You’d need a Pro or Business Plan to access 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 like logo, color scheme, and pre-set images. But, you may also create one yourself using the block editor (rich text and Liquid/HTML blocks).
Payment Options
You don’t need to get a 3rd party for payment processing as Teachable comes with its in-built payment processing through Teachable Payments.
You can choose your payment money from a wide assortment of choices. You may 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 option of charging your courses as one-time purchases, monthly payments, or as a subscription which your pupils can pay by credit card, debit card, PayPal, Apple Pay, and Google Pay.
Customer Support
The support is responsive. It has a comprehensive knowledge library with online lessons and lives webinars for common questions you may ask as you start creating your first class. You can create a ticket if you have any additional questions. Usually, you’ll hear back from support within 24 hours. Professional Teachable clients have access to live chat service.
What Plans can I avail?
Teachable allows customers to choose among three options: Basic, Pro, and company.
While Teachable does not have a free version, it will offer a 14-day free trial for those who wish to dip their feet first and take a look at its features before committing.
All plans include unlimited video, courses, and hosting. Additionally, it has integrated payment processing, pupil 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 annual billing is chosen)
All 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 together with a 5 percent transaction fee on this plan.
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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 site, and completion class certificates, among others–no transaction fees.
Business ($299/month or $249/month if annual billing is chosen)
This includes everything in Pro plus 20-admin level users, bulk student enrollments, manual student imports, custom user roles, innovative theme customization, and group coaching calls. Teachable Payments Pending
Here are a few things I don’t like about Teachable now that I have talked about what I enjoyed about it:
- No free plans.
- Teachable doesn’t have a free plan. However, it does offer a 14-day trial.
- 5 percent transaction fees
- There’s a 5 percent transaction fee for people who opt for the Basic plan.
- No phone service.
- There’s no telephone number to contact for queries.
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 the most confused about the bunch. But with Teachable, I found it fairly easy. It does take some time to explore the website, its features, and test stuff out. Comparable to a duck testing the waters .
You can teach the way you would like to learn by utilizing customization tools to personalize your content. Teachable Payments Pending
You don’t have to think about marketing. All you’ve got to worry about is creating the content that you want 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 want to focus more on course production than the business’s technology and marketing aspect, Teachable is an approachable platform.
You can create your online course on any topic you love, and Teachable helps you turn that into a company. Why not start today?
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Frequently Asked Questions: Teachable Payments Pending
What’s Teachable?
Teachable is an online learning platform that helps users create 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 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 as well as PayPal payments. Owners can receive payouts directly to their banks based 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 annual billing is chosen. However, Teachable’s more popular Pro Plan at $119/month or $99/month if annual billing is determined is more opted by lots of individuals. It has more features that match most of what their company needs.
For large organizations where multiple teachers are needed 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 through a credit card, debit card, and US Paypal account, it charges 2.9% plus 30 cents. International cards are charged 3.9% and 30c. International PayPal gets billed 4.4% and 30 cents.
