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) founded 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. So, he decided to create his online learning platform with characteristics he envisioned his courses and students could enjoy.
In 2020, sources state that Hotsmart acquired Teachable for about $250M.
Before you continue, 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 of Teachable.
In A Nutshell Teachable Vs Other Platforms
Teachable allows one to make and sell online courses and training with videos, quizzes, and lectures. It has a simple and intuitive interface which makes it an outstanding platform for complete beginners. It takes care of your sales tracking, payment collections, and affiliates commissions. So, you don’t have to have a virtual assistant or team member to do it. Alternatively, you can concentrate more on course building.
Who Uses Teachable?
We can not deny that online learning is a quick and booming industry. And we want to take a slice from the ever-growing demand.
It’s excellent for entrepreneurs, creators, and small business owners who want to make online courses to a potentially lucrative business. Individuals like Pat Flynn of Smart Passive Income utilize 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 founders sold over $1 billion in classes and training for students all around the world as of now.
Here are some of the features I enjoyed in Teachable:
Ease of Use
Teachable’s best feature is being less of a technician 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 program.
When you register on the website, it leads you to the dashboard. There you will see headers like users, sites, sales, emails, and courses. It is pretty straightforward. It is a lot easier for the user to upload documents, review analytics, issue refunds, and communicate with students.
Teachable’s list of partners is fairly extensive making it possible to integrate as many tools as you need. You will also realize that it is easy to create multimedia lectures, videos, homepage, and landing pages with their power editor.
Users can select to create an attractive landing page with Teachable’s large selection of topics for your online course website. All you have to do is upload the logos, text, images and select color schemes to fit your business’ branding.
You have the choice of inserting custom CSS or HTML into the Code Snippets Area if you’re an advanced user.
Marketing, Student Tracking Tools, and Analytics Capabilities
It has all the necessary and essential sales tracking and analytics tools that you would need while trying to analyze your course sales. You can see how well your courses have performed in specific phases.
You can provide your students discounts should they choose to buy a second course when you get access to advanced sales features like one-click upsells and packages from availing higher plans. It’s a fantastic means of increasing conversions.
In regards to student tracking, you can check student enrollment and engagement. 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 monitoring student and sales insights with their comprehensive dashboards.
To get this feature, you’d 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 course. You may change elements of your certificate like logo, colour scheme, and pre-set images. But, you may also create one yourself using the block editor (rich text and Liquid/HTML blocks).
Teachable comes with its in-built payment processing through Teachable Payments. With this, you don’t have to find a 3rd party for payment processing.
You can choose your payment money from a broad assortment of choices. You can also generate 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.
The service is responsive. It has a comprehensive knowledge library with online lessons and lives webinars for common questions you might ask as you start creating your first class. Butif you have any additional queries, you can create a ticket. Usually, you will hear back from service within one day. Professional Teachable clients have access to live chat support.
What Plans can I avail?
Teachable allows customers to choose among three options: Basic, Pro, and Business.
While Teachable does not have a free version, it does offer a 14-day free trial for those who wish to dip their feet first and check out its features before committing.
All plans include unlimited video, classes, and hosting. It also has integrated payment processing, student 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 yearly billing is chosen)
All the base features include unlimited students, course 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% transaction fee on this plan.
Pro ($119/month or $99/month if yearly 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 yearly 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 Vs Other Platforms
Here are a few things I don’t 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 percent transaction fees
- There is a 5 percent transaction fee for people who opt for the Basic plan.
- No phone support.
- 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 very confused about the crowd. However, with Teachable, I found it fairly easy. Akin to a duck testing the waters , It does take some time to explore the web site, its features, and test stuff out.
You can teach the way you want to know by utilizing customization tools to personalize your content. Teachable Vs Other Platforms
You don’t need to worry about marketing. Teachable has built-in features to look after taxes, payouts, affiliates, and authors. So all you’ve got to worry about is making the content that you wish to sell.
To Sum It Up
Teachable is an approachable platform for complete beginners and busy entrepreneurs who want to concentrate more on course creation than the business’s technology and marketing aspect.
You may make your online course on any topic you love, and Teachable helps you turn that into a business. Why not start now?
Frequently Asked Questions: Teachable Vs Other Platforms
Teachable is an online learning platform that 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’s absolutely 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 own banks dependent on the payment scheme set from the primary school owner. It can be carried out from the Preferences > Payments section of their 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, many individuals opt for Teachable’s more popular Pro Plan at $119/month or $99/month if yearly billing is set. It has more features that match most of what their company needs.
The Business Plan also costs $299/month or $249/month if annual billing is chosen. This is a much better fit for large organizations where multiple instructors are required to upload course materials.
Can Teachable charge any processing fees?
Yes. It charges 2.9% plus 30 cents for any sale made through a credit card, debit card, and US Paypal account. International cards are billed 3.9% and 30c. International PayPal gets charged 4.4% plus 30 cents.