If you are 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 access to students some platforms had. He decided to create his own online learning platform with features he envisioned his classes and students would enjoy.
In 2020, sources say that Hotsmart obtained Teachable for approximately $250M.
Before you continue, you may want to check out this video by Robert C. Brown on YouTube that gives a quick review. After, you’ll want to read the rest of our article for a more comprehensive review of Teachable.
In A Nutshell Teachable Referral Link
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 need to have a virtual assistant or team member to perform it because it already deals with your sales tracking, payment collections, and affiliates commissions. Instead, you can focus more on course building.
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Who Uses Teachable?
We can’t deny that online learning is a quick and booming industry. And we would like to take a slice out of the ever-growing demand.
It’s excellent for entrepreneurs, creators, and small business owners that want to make online courses to a potentially lucrative business. Folks like Pat Flynn of Smart Passive Income use Teachable to market their courses to students.
You also have enterprises such as The New York Times, Shopify, and Penn Law.
More than 100,000 creators sold over $1 billion in courses and coaching for students all around the world as of this moment.
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 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 such as users, websites, sales, emails, and courses. It’s pretty straightforward. Uploading files, reviewing analytics, issuing refunds, and communication with students becomes easier for the user.
Customization
It is possible to integrate as many tools as you need as Teachable’s list of partners is pretty 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 themes for your online course site that you can select to make 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 to the Code Snippets region if you’re an advanced user.
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Marketing, Student Tracking Tools, and Analytics Capabilities
When you’re attempting 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 courses have performed in specific phases.
You can offer your pupils discounts should they decide to buy another course when you get access to advanced sales features like one-click upsells and packages from availing greater plans. It’s a fantastic way of increasing conversions.
You can check student registration and engagement in regards to student monitoring. You’ll get reports on how your students interact with your classes, their completion rates, and in which the students get stuck.
Teachable deals with technology and promotion for you so you don’t need to worry about tracking sales and student insights with their comprehensive dashboards.
Completion Certificates
To access this feature, you would need a Pro or Business Plan. The course 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 aspects of your certificate like logo, color scheme, and preset pictures. But, you may also create one yourself using the block editor (rich text and Liquid/HTML blocks).
Payment Options
Teachable comes with its in-built payment processing through Teachable Payments. With this, you do not have to get a 3rd party for payment processing.
You can select your payment money from a wide range of choices. You can even 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 courses as one-time purchases, monthly payments, or as a subscription.
Customer Support
The service 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 course. But, if you have any additional questions, you can create a ticket. Normally, you’ll hear back from service within 24 hours. Professional Teachable customers have access to live chat service.
What Plans can I avail?
Teachable enables 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 will offer a 14-day free trial.
All plans include unlimited video, classes, and hosting. Additionally, it has integrated payment processing, pupil management, lecture comments, fundamental quizzes, no fees on free courses, 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 product, coaching product, a members-only community, automatic sign-ups, and two admin-level users. You’ll have to pay the monthly fee together with a 5% transaction fee on this plan.
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Pro ($119/month or $99/month if annual billing is chosen)
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 and 20-admin level users, bulk student enrollments, manual pupil imports, custom user roles, advanced theme customization, and group coaching calls. Teachable Referral Link
Here are a few things I do not like about Teachable now that I’ve talked about what I liked about it:
- No free plans.
- Teachable does not have a free plan. However, it does offer a 14-day trial.
- 5% transaction fees
- There is a 5% transaction fee for people who opt for the Basic plan.
- No phone service.
- There is no telephone number to contact for queries.
Why should you attempt it?
I’m not the most tech-savvy man out there. Far from it, actually. I’ve had many a day being the most confused about the crowd. But with Teachable, I found it fairly easy. Akin to a duck testing the waters first, It does take some time to explore the web site, its features, and test stuff out.
You can teach how you would like to know by using customization tools to personalize your content. Teachable Referral Link
You don’t need to worry 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 that you want to sell.
To Sum It Up
For complete beginners and busy entrepreneurs who wish to focus more on course production than the business’s technology and marketing aspect, Teachable is an approachable platform.
Teachable helps you turn the online courses you can create on any subject you love into a business. Why not start now?
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Frequently Asked Questions: Teachable Referral Link
What is Teachable?
Teachable is an online learning platform which helps users create and sell 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 can Teachable payments work?
Teachable uses Stripe express to process credit/debit card transactions as well as PayPal payments. Owners may receive payouts directly to their own banks based on the payment scheme set out by the primary school owner. It can be carried out 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. But, many people opt for Teachable’s popular Pro Plan at $119/month or $99/month if yearly billing is set. It has more features that fit 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.
Can Teachable charge any processing charges?
Yes. It costs 2.9% plus 30 cents for any sale made via a credit card, debit card, and US Paypal accounts. International cards are billed 3.9% plus 30c. International PayPal gets billed 4.4% and 30 cents.
