If you are an entrepreneur or content creator searching for a way to transform knowledge into earnings, 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, decided to create his own online learning platform with characteristics he envisioned his classes and students could enjoy after getting frustrated over the lack of direct access to students some platforms had.
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 overview. After, you’ll want to read the rest of our article for a more comprehensive review of Teachable.
In A Nutshell Thinktific Vs Teachable
Teachable allows one to make and sell online classes and training with videos, quizzes, and lectures. It has a straightforward and intuitive interface that makes it an excellent platform for beginners. It takes care of your sales tracking, payment collections, and affiliates commissions. So, you don’t need to have a virtual assistant or group member to do it. Instead, you can focus more on course construction.
Who Uses Teachable?
We can not deny that online learning is a fast and booming industry. And we want to take a slice out of the ever-growing demand.
It’s excellent for entrepreneurs, creators, and small business owners that want to create 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 like 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 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 business.
As mentioned previously, Teachable prides itself on its simplicity of use. Tech beginners will find it easy to go around and operate the program.
When you register on the site, it leads you to the dashboard. There you will see headers such as users, sites, sales, emails, and classes. It is 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 integrate 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 selection of topics for your online course site that you can select to make an attractive 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 Area if you’re an advanced user.
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 phases.
For greater plans, you get access to advanced sales features like one-click upsells and packages. With this, you can provide your students discounts should they choose to buy a second course. It is a good means of increasing conversions.
You can check student enrollment and engagement in regards to student tracking. 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 sales and student insights with their comprehensive dashboards. Teachable deals with technology and marketing for you.
You would 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 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 do not have to find a 3rd party for payment processing.
You can select your payment currency from a broad assortment 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.
Your students can pay by credit card, debit card, PayPal, Apple Pay, and Google Pay. You also have the choice of charging your classes 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 may ask as you begin creating your first course. But, if you have any additional questions, you can create a ticket. Usually, you will hear back from service within one day. Professional Teachable clients have access to live chat service.
What Plans can I avail?
Teachable allows customers to choose one of three options: Basic, Pro, and company.
For people who want 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, courses, and hosting. It also has integrated payment processing, student 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 annual 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 need to pay the monthly fee together with a 5% transaction fee on this plan.
Pro ($119/month or $99/month if annual billing is selected)
Including all base attributes 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 plus 20-admin level users, bulk student enrollments, manual student imports, custom user roles, innovative theme customization, and group coaching calls. Thinktific Vs Teachable
Here are some things I do not 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% 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 am not the most tech-savvy man out there. Far from it, actually. I’ve had many a day being very confused about the bunch. But with Teachable, I found it fairly easy. It does take a while to explore the web site, its features, and test stuff out. Comparable to a duck testing the waters first.
You can teach how you want to learn by using customization tools to personalize your content. Thinktific Vs Teachable
You don’t need to think 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 wish to sell.
To Sum It Up
For complete beginners and busy entrepreneurs who want to focus more on course creation than the business’s tech and marketing aspect, Teachable is an approachable platform.
Teachable helps you turn the online courses you may make on any subject you love into a business. Why not start now?
Frequently Asked Questions: Thinktific Vs Teachable
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. 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 because of this. There’s absolutely 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 can receive payouts directly to their own banks dependent on the payment scheme set out by the principal school owner. It can be done in the Preferences > 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 yearly billing is chosen. But, many individuals opt for Teachable’s popular Pro Plan at $119/month or $99/month if annual 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 yearly billing is chosen. This is a much better fit for large organizations where multiple instructors are needed to upload course materials.
Can Teachable charge any processing fees?
Yes. For any sale made via a credit card, debit card, and US Paypal accounts, it costs 2.9% plus 30 cents. International cards are billed 3.9% and 30c. International PayPal gets charged 4.4% and 30 cents.