Did you know, is the online learning sector expected to be worth as much as $240 billion in 2021 ?! It’s a crazy amount of money!
So, if you are thinking of launching your own online course, now is the time.
First, you need a platform to host your course. However, there are so many on the market; it can be difficult to know where to start.
In light of this, we have put together an article that analyzes everything you need to know about the tariff plans, plus what each package has to offer.
What do you get with Teachable?
With each of Teachable’s tariff plans it is important to remember that you have access to all the following features (yes, this includes the free program):
- Unlimited video
- Unlimited courses
- Unlimited students
- Unlimited hosting
- Integrated payment processing
- Student management
- Discussion forum
- Basic quiz
- No free course fees
How fantastic is that ?!
As suggested from above list, each tariff plan Teachable allows teachers to upload an unlimited number of video, text,. for their course – therefore, there is no cap on the pearls of wisdom that you can offer to your audience.
Furthermore, it is not necessary to go through the hassle of searching for payment processing services. Teachable accepts credit cards, debit cards and payments via PayPal, so there is no need to register with a separate payment processor.
Before delving into Teachable’s paid plans, you should be aware that you can cancel at any time. They don’t block you on long contracts. So, if you decide for any reason this is not the platform for you, you can cancel the subscription without incurring additional costs.
What about customer service?
If you want to contact Teachable, you can easily use them. This is surprising if you have a quick question to which you want an immediate answer.
There is also an e-mail ticketing system that you can use to send your questions.
However, we strongly recommend going to their Knowledge Base. There you will find lots of useful resources to answer any questions.
Currently, Teachable does not offer telephone support, which is not ideal for users who prefer to talk to a live support agent. And yet, who knows? Perhaps Teachable will add this in due course?
Even Teachable has an incredible blog that you should take a look at. If you are new to writing and marketing you will learn a lot. This is in addition to their weekly live seminars. These are full of tips and practical advice on how to make this venture a success.
Now we have covered all this, we analyze the critical differences between Teachable’s tariff plans.
Trusted rate plans:
It offers 4 different tariff plans:
- BASE : $ 39 / month or $ 29 / month if billed annually
- Professional : $ 99 / month or $ 79 / month if billed annually
- Business : $ 499 / month or $ 399 / month if billed annually
Feasible prices: free plan
We love it offers its users a free plan!
This is undoubtedly the best way to familiarize yourself with the platform, before handing over hard earned money. In fact, most entrepreneurs choose to stay on the free floor while finishing their course.
However, when it comes to selling your course, this is where the drawbacks of the free plan begin to show their teeth – namely, exorbitant transaction fees.
You will pay 10% plus $ 1 of each course you sell in transaction fees. This means (depending on the cost of your course) it is only convenient to sell a few at a time. As your product gains momentum, it quickly becomes cheaper to switch to the professional level.
The takeaway key here: the free Teachable plan is the best to test the software and write your course. However, it is not exceptional for the launch, marketing or sale of the finished product.
Feasible prices: basic plan
The basic Teachable tariff plan costs $ 29 per month (invoiced annually).
Here is a list of all the extra features that will amuse you when you upgrade from your free account:
- 5% transaction fees
- You have the right to register up to two users at the administrator level (eg owners and authors)
- You will receive product support and training for course creators (which we highly recommend using)
- You will receive assistance to set the custom domain name of your school.
- You have the option to use coupon codes
- You can drip the content of your course
- If you want to integrate affiliate marketing into your course, you can do it.
- You can use the Teachable email marketing platform to send out emails to your students
- You can access a plethora of third-party integrations
The price of the Teachable Basic Plan is relatively cheap. This makes it a fabulous choice for any startup that works on a limited budget.
In short, this package is the first step to creating a more professional-looking school, the domain name of your free plan will look like this; yourschool.teachable.com. Considering that with the basic plan (or any of the other paid packages) you can enjoy the use of a custom domain name.
Therefore, it is not necessary to shell out money for web hosting as Teachable hosts all course content on behalf of the user. However, for your audience with a custom domain, it looks like you’re hosting everything.
Although most of these extra features provided with the basic plan are fantastic, there are some that … well, they’re not that great.
In particular, Teachable accepts a 5% transaction fee for each course you sell. Needless to say, this massively eats your profits.
Therefore, since the Pro Plan has no fee associated with it and costs only $ 79 a month (annually billed), if you are selling so many courses your transaction fees are over $ 79 a month, you are literally throwing money outside the window. At this point, it is necessary to move to the next plan.
In light of this, the basic plan is appropriate only for hobbyists or those seeking to run a low-profile game.
You are also required to offer your students a refund policy by the 30th. Now for me, this doesn’t seem completely unreasonable, but for other entrepreneurs … it’s a big problem. Whether this affects or not depends on the business model and personal opinions on reimbursement policies.
However, this means that Teachable holds the funds until the 30-day repayment period ends. For small businesses, this can lead to cash flow problems.
Practical prices: professional level
The professional plan ($ 79 a month billed annually) is Teachable’s most popular payment package, and for good reason.
You’ll get everything in the base plan, plus:
- No transaction fees!!
- Instant payments
- Up to five users at the administration level
- You have the right to support the priority product
- You can set quizzes for students
- You can use advanced theme customization to mark your school (“Power Editor” by Teachable also allows users to enter custom code to change the functionality and design of your school)
- You will have access to more advanced reports
- You can assign students a course completion certificate
If you are serious about launching an online course , this is the Teachable rate plan for you. Best of all, you don’t need to be a professional web developer or programmer to customize and start a brand school.
Teachable provides you with a template to help you get started. From there you can upload your content and start marketing your product as you see fit.
As we have already said, one of the best features of the professional plan is that you are not subject to transaction fees, so you can enjoy 100% of your course revenue.
Moreover, you can choose to receive your funds instantly (it is not necessary to wait 30 days). Simply integrate your PayPal and Stripe accounts directly into your Teachable account and you won’t have to worry about transferring funds: you will be paid automatically!
Keep in mind that if you use a personalized payment gateway or accessible payments, you will be paid every day. Alternatively, you can select your payment program.
As highlighted in the list above, this Teachable payment plan allows you to assign students with course completion certificates. This is fabulous to generate a feeling of accomplishment and to stimulate a sense of community spirit among the students.
Let’s get back to advanced reporting tools for a second. With these, you can monitor student completion rates and see precisely how students are going through the course. This works wonders to highlight the weaknesses in your classes.
After all, knowledge is power. Once you know which sections of your course need improvement, you can take the necessary steps to increase things.
You can also integrate your school with tons of third-party apps, which is great for automating some of your marketing activities and freeing up your time to focus on resizing your business.
For example, you can use Zapier to connect your digital school with popular tools like Intercom, Olark and Zendesk
Moreover, with the professional plan, you have all your data including your personalized domain name. So, if you want to cancel the subscription (which you are free to do at any time) you can download all the following information:
- The totality of your course
- All student information
- Your revenue analysis
With this data, you can then start your own site or switch to another online course hosting service.
Feasible prices: business plan
If you want to experience the best of what Teachable has to offer, then the business plan is the way to go. However, it will make you go back a penny or two. You will have to shell out $ 399 a month (which is billed annually).
When you opt for the professional package, you’ll enjoy everything in the professional plan, in addition to:
- The option to assign up to administrative level 100 users
- Manual import of students
- Inscriptions for students in bulk
- Custom user roles
This plan is better suited to large companies with large teams of staff. If you need the support of tons of administrators to help manage your school or have numerous instructors who need to upload materials and resources, this is the payment plan for you.
Are you ready to register for one of Teachable’s tariff plans?
We hope that this article has given you a clearer idea of which of the tariff plan is the best for you. In short, it is about how many courses you plan to sell and if you are taking this business seriously.
If you are just starting a course to have fun, you can probably get away with the free plan, however, if you are taking this activity seriously, you probably need the professional plan (once I finish writing the course).
Do you have experience with one of the above tariff plans? If so, we’d love to hear about your experiences in the comment box below. Talk soon!