If you’re 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) founded by Angkur Nagpal as a side project. It was previously called Fedora. Nagpal, a class builder himself, decided to create his own online learning platform with features he envisioned his courses and students could like after getting frustrated over the lack of direct access to students some platforms needed.
In 2020, sources say that Hotsmart obtained Teachable for approximately $250M.
Before you go on, you may want to check out this video by Robert C. Brown on YouTube that gives a quick overview. Afterward, you’ll want to read the rest of our article for a more comprehensive review of Teachable.
In A Nutshell Track Teachable Sales And Fees In Quickbooks
Teachable allows one to make and sell online classes and training with videos, quizzes, and lectures. It’s a simple and intuitive interface that makes it an outstanding platform for beginners. It deals with 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 focus more on course construction.
Who Uses Teachable?
We can not 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 create online courses to a potentially profitable business. Individuals like Pat Flynn of Smart Passive Income utilize Teachable to sell their courses to students.
You also have enterprises such as The New York Times, Shopify, and Penn Law.
As of now, more than 100,000 creators sold over $1 billion in classes and coaching for students all around 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 hassle and more of being your partner-in-arms to a business.
As mentioned earlier, Teachable prides itself on its ease of use. Going around and operating the program will be found easy by tech novices.
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 is pretty straightforward. Uploading files, reviewing analytics, issuing refunds, and communication with students becomes a lot easier for the user.
Teachable’s list of partners is pretty extensive making it possible to integrate as many tools as you want. You’ll also find that you can easily create multimedia lectures, videos, homepage, and landing pages using their power editor.
Teachable offers a large choice of topics for your online course site that you can select to create 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 into the Code Snippets region if you are an advanced user.
Marketing, Student Tracking Tools, and Analytics Capabilities
When you are trying to analyze your course 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 periods.
You can provide your pupils discounts should they choose to obtain a second course when you get access to advanced sales features like one-click upsells and packages from availing higher plans. It is a good way of increasing conversions.
When it comes to student tracking, you can check student registration and engagement. You’ll get reports on how your students interact with your courses, their completion rates, and where the students get stuck.
Teachable deals with tech and marketing for you so you do not need to worry about tracking sales and student insights with their comprehensive dashboards.
You would need a Pro or Business Plan to get 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 name of the program. You may change aspects of your certificate like 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 do not need to find a 3rd party for payment processing.
You may choose your payment currency from a wide assortment of choices. You may also 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 option of charging your courses as one-time purchases, monthly payments, or as a subscription.
The service is responsive. It has an extensive knowledge library with online lessons and lives webinars for common questions you might ask as you start creating your first class. But, if 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 allows customers to choose among three options: Basic, Pro, and company.
For those 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, classes, and hosting. It also has integrated payment processing, student 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, class merchandise, training product, a members-only community, automated sign-ups, and two admin-level users. You’ll have to pay the monthly fee together with a 5 percent 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 website, and completion course 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 pupil imports, custom user functions, advanced theme customization, and group coaching calls. Track Teachable Sales And Fees In Quickbooks
Now that I have talked about what I liked about Teachable, here are a few things I don’t like:
- No free plans.
- Teachable doesn’t have a free plan. However, it does offer a 14-day trial.
- 5 percent transaction fees
- There’s a 5 percent transaction fee for those who opt for the Basic plan.
- No phone support.
- 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’ve had many a day being the most confused about the crowd. But with Teachable, I found it reasonably easy. Comparable 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 learn by using customization tools to personalize your content. Track Teachable Sales And Fees In Quickbooks
You don’t have to worry about marketing. Teachable has built-in features to look after payouts, taxes, affiliates, and writers. So all you’ve got to worry about is creating the content you wish to sell.
To Sum It Up
For complete beginners and busy entrepreneurs who wish 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 company. Why not start now?
Frequently Asked Questions: Track Teachable Sales And Fees In Quickbooks
What is Teachable?
Teachable is an online learning platform which helps users create and market 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 because of this. There is no 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 out by the primary school owner. It can be done 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. However, Teachable’s Pro Plan at $119/month or $99/month if yearly billing is set is more opted by many people. It has more features that fit most of what their company needs.
For large organizations where multiple teachers 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 fees?
Yes. It charges 2.9% plus 30 cents for any sale made via a credit card, debit card, and US Paypal account. International cards are charged 3.9% and 30c. International PayPal gets billed 4.4% and 30 cents.