If you are 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 known as Fedora. Nagpal, a class builder himself, grew frustrated over the lack of direct accessibility to students some platforms needed. So, he decided to create his online learning platform with features that he envisioned his courses and students could enjoy.
In 2020, sources state that Hotsmart acquired Teachable for about $250M.
Before you go on, you may want to check out this video by Robert C. Brown on YouTube that gives a quick review. Afterward, you’ll want to read the rest of our article for a more comprehensive review of Teachable.
In A Nutshell Thenextweb Teachable
Teachable allows one to make and sell online classes and training with videos, quizzes, and lectures. It’s a straightforward and intuitive interface that makes it an outstanding platform for complete beginners. It takes care of your sales tracking, payment collections, and affiliates commissions. Thus, you don’t have to have a virtual assistant or team member to perform it. Instead, you can concentrate more on course building.
Who Uses Teachable?
We can not deny that we want 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 ideal. Teachable is utilized 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.
More than 100,000 creators sold over $1 billion in classes and coaching for students all around the world as of now.
Here are some of the features I liked in Teachable:
Ease of Use
As mentioned previously, Teachable prides itself on its simplicity of use. Tech beginners 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 site. There you will see headers like users, sites, sales, emails, and classes. It’s pretty straightforward. It is a lot easier for the user to upload files, review analytics, issue refunds, and communicate with students.
You can integrate as many tools as you want as Teachable’s list of partners is fairly extensive. You’ll also find that it is easy to create multimedia lectures, videos, homepage, and landing pages using their power editor.
Users can select to make an attractive landing page with Teachable’s large selection of topics for your online course site. 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 choice of inserting custom CSS or HTML into the Code Snippets Area.
Marketing, Student Tracking Tools, and Analytics Capabilities
When you are trying to analyze your course sales, Teachables has all 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.
For higher plans, you get access to advanced sales features like one-click upsells and bundles. With this, you can offer your pupils discounts should they choose to buy another course. It’s a good way of increasing conversions.
You can check student registration and engagement when it comes to student monitoring. You’ll get reports on how your students interact with your courses, their completion rates, and in which the students get stuck.
You do not need to worry about tracking student and sales insights with their comprehensive dashboards. Teachable deals with tech and marketing for you.
To get this feature, you would need a Pro or Business Plan. 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 name of the program. You may change aspects 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).
Teachable comes with its own refundable payment processing through Teachable Payments. With this, you don’t have to get a 3rd party for payment processing.
You may choose your payment money from a broad range of choices. You may 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.
You have the option of charging your classes 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 support is responsive. It has an extensive knowledge library with online lessons and lives webinars for common questions you might ask as you begin creating your first class. Butif you have any additional queries, you can create a ticket. Usually, you will hear back from support within 24 hours. Professional Teachable clients have access to live chat support.
What Plans can I avail?
Teachable enables customers to choose among three options: Basic, Pro, and company.
While Teachable does not have a free version, it does offer a 14-day free trial for people who want to dip their toes first and take a look at its features before committing.
All plans include unlimited video, classes, and hosting. It also 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)
All the base features include unlimited students, course merchandise, training 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 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 )
This includes everything in Pro plus 20-admin level users, bulk student enrollments, manual pupil imports, custom user roles, advanced theme customization, and group coaching calls. Thenextweb Teachable
Here are some things I don’t like about Teachable now that I’ve talked about what I enjoyed 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 those who opt for the Basic plan.
- No phone service.
- There’s no telephone number to contact for queries.
Why should you try it?
I am not the most tech-savvy person out there. Far from it, actually. I have had many a day being the most confused about the crowd. But with Teachable, I found it reasonably easy. It does take a while to explore the web site, its features, and test stuff out. Akin to a duck testing the waters .
You can teach how you want to know by using customization tools to personalize your content. Thenextweb Teachable
You don’t have to think about marketing. All you have to worry about is creating the content that you want to sell since Teachable has built-in features to take care of payouts, taxes, affiliates, and writers.
To Sum It Up
For complete beginners and busy entrepreneurs who want to focus more on course creation 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 today?
Frequently Asked Questions: Thenextweb Teachable
What is Teachable?
Teachable is an online learning platform which helps users make and sell their courses.
Can I use Teachable for free?
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 for 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 in addition to 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 in 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 annual billing is chosen. But, lots of individuals opt for Teachable’s more popular Pro Plan at $119/month or $99/month if annual billing is determined. It has more features that fit most of what their company needs.
For large organizations where multiple instructors 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 accounts, it charges 2.9% plus 30 cents. International cards are charged 3.9% plus 30c. International PayPal gets billed 4.4% and 30 cents.