Teachable is the platform for you if you are an entrepreneur or content creator searching for a way to transform knowledge into earnings.
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 needed. He decided to create his own online learning platform with characteristics that he envisioned his classes and students could like.
In 2020, sources say that Hotsmart acquired Teachable for approximately $250M.
Before you go on, 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 the article for a more comprehensive review of Teachable.
In A Nutshell Teachable Startup
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 outstanding platform for beginners. You don’t have to have a virtual assistant or group member to perform it because it already deals with your sales monitoring, payment collections, and affiliates commissions. Alternatively, you can concentrate more on course construction.
Who Uses Teachable?
We can’t deny that we would like to take a slice from the ever-growing demand from the fast and booming industry of online learning.
It’s ideal for entrepreneurs, founders, and small business owners who want to make online courses into a potentially profitable business. 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 this moment, more than 100,000 creators sold over $1 billion in classes and training for students all over 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 hassle and more of being your partner-in-arms to a company.
As stated earlier, Teachable prides itself on its simplicity 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 will see headers like users, websites, sales, emails, and courses. It’s pretty straightforward. It is a lot easier for the user to upload files, review analytics, issue refunds, and communicate with students.
Teachable’s list of partners is pretty extensive making it possible to incorporate as many tools as you need. You’ll also realize that you can easily create multimedia lectures, videos, homepage, and landing pages with their power editor.
Teachable offers a large choice of themes for your online course website 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.
If you’re an advanced user, you have the option of inserting custom CSS or HTML to the Code Snippets region.
Marketing, Student Tracking Tools, and Analytics Capabilities
When you’re trying 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 courses have performed in specific periods.
For higher plans, you get access to advanced sales features like one-click upsells and bundles. With this, you can provide your students discounts should they choose to obtain a second course. It is a good means of increasing conversions.
You can check student enrollment and engagement in regards to student monitoring. 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 monitoring student and sales insights with their comprehensive dashboards.
You would need a Pro or Business Plan to access this feature. 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 title of the course. You may change elements of your certificate such as logo, colour scheme, and preset pictures. But, you may also create one yourself using the block editor (rich text and Liquid/HTML blocks).
You do not have to get a 3rd party for payment processing as Teachable comes with its in-built payment processing via Teachable Payments.
You may select your payment currency from a wide range of choices. You can also 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 classes 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.
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 course. Butif you have any additional questions, you can create a ticket. Usually, you will hear back from support within 24 hours. Professional Teachable customers 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 people who wish to dip their feet first and check out 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 selected )
Each of the base features include unlimited students, class product, coaching product, a members-only community, automated sign-ups, and two admin-level users. You’ll have to pay the monthly fee along with a 5 percent transaction fee on this plan.
Pro ($119/month or $99/month if annual billing is chosen)
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 chosen)
This includes 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 Startup
Here are some things I do not like about Teachable now that I’ve talked about what I enjoyed about it:
- No free plans.
- Teachable doesn’t have a free plan. But, it does offer a 14-day trial.
- 5% transaction fees
- There’s a 5 percent transaction fee for those 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 person out there. Far from it, actually. I’ve had many a day being the most confused about the bunch. However, with Teachable, I found it reasonably simple. Comparable to a duck testing the waters first, It does take a while to explore the web site, its features, and test stuff out.
You can teach how you want to learn by using customization tools to personalize your content. Teachable Startup
You don’t have to think about marketing. All you have to worry about is making the content that you want to sell since Teachable has built-in features to take care of payouts, taxes, affiliates, and authors.
To Sum It Up
Teachable is an approachable platform for complete beginners and busy entrepreneurs who want to focus more on course production 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 business. Why not start now?
Frequently Asked Questions: Teachable Startup
Teachable is an online learning platform which helps users create and market their courses.
Can I use Teachable at No Cost?
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 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 do 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 banks dependent on the payment scheme set from the primary school owner. It can be done from the Settings > Payments section of the 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. But, lots of people opt for Teachable’s more popular Pro Plan at $119/month or $99/month if yearly billing is determined. It has more features that match most of what their company needs.
The Business Plan also costs $299/month or $249/month if yearly billing is chosen. This is a better fit for large organizations where multiple teachers are required to upload course materials.
Can Teachable charge any processing fees?
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% and 30c. International PayPal gets charged 4.4% plus 30 cents.