Over the years, the cost of living has steadily increased, while salaries remained virtually unchanged. This has, in turn, led countless individuals all over the globe to get deeper into debt. No nation is this more evident than the good old US.
Of all the sectors, the educational debt is more concerning to me, considering I had enrolled in a prestigious university not so long ago. According to The Federal Reserve, during the third quarter of 2020, Americans owed upwards of $1.6 trillion in student debt loans.
According to Forbes, online learning is accelerating rapidly, and the worldwide e-learning market is projected to be worth $325 Billion by 2025. With the onset of COVID-19, most schools and universities had to shut operations.
This has led to increased interest and investment in online learning platforms such as Teachable, Udemy, Thinkific, and much more. This recent increased interest in Learning Management System (LMS) platforms forms the basis of a mutually beneficial relationship between tutors and students.
In this Teachable review, I shall take you through the entire process, from creating your first digital product on the platform to marketing features, payment processing, creating a killer landing page, and much more. So, stick around.
No sooner had he finished setting-up the homepage than he began welcoming the first clients; this included Feng Shui, hand panning, email marketing, sourdough baking, and coding. Fast forward to 2020, the platform boasts of more than 100,000 instructors, earning more than $500 million to date.
When you can learn nearly anything for free from platforms like YouTube, Nagapal believes most students prefer to pay for their course(s). The platform faces stiff competition from competitors like Udemy, Thinkific, and Academy of Mine.
Despite this, it continues to sign on new customers. Transparency is one of our four core internal values. We believe in making every single aspect of our business transparent internally, Ankur Nagpal.
Learning Management Systems like Teachable, Thinkific, Udemy, etc., have come a long way. Currently, numerous platforms are offering online course learning. This is due to increased interest in alternative education.
Teachable takes care of all the technical stuff like providing a secure payment gateway, student progress reports, managing multiple affiliates, and so on. You can build professional video, audio, and text-based courses that earn you money- passively.
The third way of making money on Teachable is by hosting and selling live training or workshops. You can use Teachable templates to create stunning landing pages and access payment for the live events.
One-on-one coaching is increasingly becoming popular across most niches. Make money by selling your coaching packages on Teachable. The platform allows you to create a revenue stream while offering personalized access to your profession and expertise.
This is paramount to offering value to your loyal following. Like building a course, you can add video tutorials, PDF downloads, audio snippets/clips, access to private groups, and so on. Teachable will automatically charge your subscribers the monthly fee and deposit the amounts to your account.
This is the entry-level package. It retails at $29 billed on an annual basis or $39 billed every month. With this package, you get unlimited students, 5% transaction fees, course product, membership-only community, coaching product, third party integrations, course creator training, two admin-level users, instant payout, and much more.
The Pro package offers you all the Basic Teachable features along with integrated affiliate marketing, course compliance, course completion certificate, no transaction fees, 5-admin level users, priority product support, unbranded website, graded quizzes. All this for $99 billed annually or $119 billed monthly.
For the discerning client that seeks nothing but the best, the Business package will prove more than sufficient. It goes for $249 billed annually or $299 billed each month. You can save a bit of cash by taking advantage of the Teachable offer (annual billing), especially if you are in it for the long-haul.
With it, you get the Pro benefits plus 20-admin level users, priority product support, manual student imports, bulk student enrolments, custom user roles, group theme customization, and group coaching calls. Of all the three packages, the Pro package is the most popular.
Irrespective of which plan you go with, you are guaranteed to get: unlimited video, VAT (value-added tax) for EU, no fees on a free course, basic quizzes, complete courses, unlimited hosting, integrated payment processing, student management, and lecture comments.
This typically occurs when you have a custom payment gateway for one processor- Stripe or PayPal, while still using Teachable payment gateway for other payments. Please note that each gateway may have varying payout schedules, tax requirements, and refund policies if you have mixed payment gateways.
Keep in mind that this is the automatic free plan you get enrolled in once you sign-up. The layout is minimalistic, and navigating is easy. Locating any feature is straightforward. It comes with four initial steps before you can launch your first course.
Vizia allows you to add engaging elements to your videos. These interactive videos make learning more enjoyable and engaging. This, in turn, will help you potentially grow your audience. However, this integration will no longer be available on Teachable as of Feb 15, 2021.
Zapier allows you to connect and automate some of the mundane tasks between your Teachable school and numerous other applications. They include marketing automation tools such as ActiveCampaign; Email service provides such as Madmimi, Spreadsheet tools such as google docs, Team communications tools like Hipchat, and much more.
This integration is used to send information from one app to another. In so doing, it triggers a specific behavior. With Teachable, you can expect 13 events. They include New users joining your school; users update their contact information, new sales, transactions for one-time/recurring payments, students cancel a subscription, enrollment is created, lecture completed, and so on.
Teachable offers support across all the paid plans as well as the free option. However, clients under the Pro and Business packages have priority support. This means that their queries get solved much faster. The Pro and Business packages support live chat with the support team.
They usually respond within 24 hours of receiving the email. My experience with the support team has been a pleasant one. I initially had challenges speaking with them on technical aspects, but this has drastically improved over time.
Do you own a blog or command a considerable following on social media and would like to get paid to spread the word about the online video course platform Teachable? If so, click here to get started with the affiliate program.
Join the best affiliate program in the market and get paid up to 30% commissions with a 90-day cookie. Nothing tops that in the industry. Earn hundreds of dollars off your work. Receive money straight into your PayPal on autopilot month after month.
Teachable offers tastefully crafted marketing tools to help you with conversions to make it easier on your end. Pick the best funnel for your audience from multiple tested funnels. They come with an email swipe copy, an overview of the target audience, historical earnings, and accompanying visuals.
Teachable makes it easy to earn money off any page. Your unique affiliate code is always accessible in your affiliate portal. Any successful affiliate needs two things: an engaging audience (email list, blog, or a social media following) and a teachable experience in creating your online courses and helping others develop their digital products.
As much as I love Teachable, I understand the importance of looking at its competitors. After all, how will you know if you are truly getting the best deal in the industry? This is only possible by making comparisons.
This platform was primarily designed to educate teachers and students. This way, they can pursue their passions. SkillShare focuses mainly on producing cutting edge online videos and offering quick tips and tricks as teaching methods.
This course creation platform is built as a one-stop-shop for all your course creation needs. Its main allure is that Podia focuses on being user-friendly, zero transaction fees, and unlimited everything.
Teachable has, over the years, enjoyed a steady increase in business. This is as a result of their impeccable service, customer support, and craftily designed products. Up to 90% of clients would recommend the platform to their close friends and family.
On GetApp, Teachable managed to score 4.43/5 from a total of 105 reviews. 89% of the response is positive, with 90% of them willing to recommend the platform. The high rating across major product review platforms is an excellent indicator of a company that knows its doing.
You get to learn at your own pace and pick packages that best suits your pocket. With Teachable, you can create stunning courses with plenty of tools to help your students make the most of their lessons.
Despite this, I would still recommend the platform to any upcoming entrepreneur looking to do some good and earn a bit of cash. Their basic plan is reasonably priced, making it easy for anyone to join the online course platform.
Absolutely! When you first sign up, you are automatically enrolled into the Pro plan. This offers you the chance to have a feel of the platform. Please note that the account will be up for only 14 days, after which you need to upgrade to a paid plan.
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