When it comes to online teaching, there are plenty of platforms: Udacity, Udemy, and SkillShare.
But Teachable is fast coming out ahead of the pack.
This allows students to access lots of courses on a wide variety of subjects and course instructors to develop their own courses and set their own prices.
But if you are thinking of using your skills to teach others and make some money, then there are a few things that you’ll need to consider.
First, there is a cost to hosting a course in the first place. Secondly, Teachable takes a percentage for hosting your course.
So how much can you expect to make from your Teachable course? How can you set your prices so that you’ll make a profit? What percentage does Teachable take?
Well, follow our guide to making a Teachable account and you’ll have everything that you need to set up your own course and start earning right away. (Also, check out ‘Can You Create A Course On Teachable For Free?‘)
What Is Teachable?
Teachable is an online teaching platform that allows people from all walks of life to teach their own courses in a wide range of subjects.
Whether you are a musician, fitness instructor, business leader, or mindfulness expert, you can share your skills with the world and make money in the process.
This platform will help you set up your own courses, breaking them down into lessons that will change week upon week.
It will also allow you to diversify your lessons using video tutorials, tests, and downloadable course materials.
This is an excellent resource that allows you to really focus on the artistic side of your course rather than having to deal with technical issues.
What’s great about Teachable is that you can form an entire business under one handy umbrella program.
You won’t have to worry about having to code HTML or selling your business on other online course platforms, Teachable will do all that for you!
Teachable will also hold your hand every step of the way.
There are plenty of handy prompts to get you started with that means you won’t be left in the dark.
You can build a very successful business from scratch without any prior website-building knowledge.
If you are stuck in a rut with your job, sick of the dwindling pay or just want to strike out on your own, then Teachable offers you a very effective and easy-to-use platform for doing so.
It is also a great source of passive income for you, as you will mainly be recording video tutorials.
Does Teachable Take A Percentage From Its Tutors?
However, like any other business, Teachable has to make a profit.
This means that it will take a percentage of the money that you make from your course. But how is that broken down?
If you are going to be using the basic Teachable plan, then you’ll be looking at a 2.9% charge on your payment as well as an additional 30 cents.
It will also take 5% off every sale that you make.
This might determine how you structure your payment plan when you first sign up.
If you are going to be selling your course internationally, then you could be charged around 3.9% plus 30 cents for each transaction that you make.
The PayPal transactions for each one of these will cost you around 4.4% plus 30 cents.
If you are adding up a lot of these charges, then you could see a significant loss in your earnings.
However, if you are making a lot of money during the first few months of your course, then this monthly payout won’t detract from your overall earnings.
However, if you are going to pay a little more for the professional Teachable plan, then there will be no additional transaction fees.
But it is worth noting that 5% of every transaction will be taken whether you sign up for the basic or the professional account.
How Can I Set Up An Account With Teachable?
The first thing you’ll need to do is sign up for a Teachable account.
This will require a lot of the basic information that you will need to register with any online account, including name, date of birth, email address, etc.
If there are details that you are unsure about or you don’t want to enter immediately, you can always wait until your course starts selling well before adding further information.
The more information you add, the more students are inclined to trust you and sign up for your course.
Once all your data has been entered, then you can begin setting up your courses.
You’ll see that Teachable has labeled your account as a ‘school’.
This helps you get into the mindset of a teacher and set out your lesson plan accordingly.
Within each school, you can set up any number of courses, each one specified to a different method of learning.
You can create courses, coaching sessions, or even full video training exercises.
Don’t worry if the system seems daunting at first.
Teachable will guide you through every step of the process so that it won’t be that difficult for you to set up your own school quickly and get it looking professional.
We would recommend that when you are starting with Teachable that you sign up for the free course creator.
There is zero time limit on this option, and you will be able to set up as many courses and accept as many students as you like.
You also have access to a wide range of free features on the unpaid version of this software.
This will also allow you to create a flexible payment plan, which might be appealing to students who have not done online learning before.
How Much Will I Have To Pay To Use Teachable?
There are various pricing structures that Teachable uses and each one will give you access to different features and will be more cost-effective depending on how long you plan on using the service and how successful your school becomes.
The one downside of using Teachable is that it is one of the most expensive online teaching platforms that you can use.
However, you can opt to use the free version to start with, then upgrade to a paid version if you like the course-building structure.
Here are the Teachable pricing plans that are on offer:
- Basic: $39 a month
- Professional: $119 a month
- Business: $299 a month
Now, it is worth noting that Teachable’s free plan and Teachable’s basic plan are not the same.
You do have to pay for the Teachable basic plan, and you will get some incentives that you cannot get with the free plan.
If you go with the professional plan, then you’ll get a lot more control over how you want to display your course, as well as interactive elements and how you distribute your product.
This will also allow you to create a more professional experience and interact with your students.
The business plan is for someone who ideally wants to make a living from their online courses and aims to provide that authentic, uni-like experience.
This plan comes with the ability to hold virtual meetings with up to 20 people.
This is the plan that you’ll need if your school is growing, as all the features added will lead to further growth.
What Platforms Do I Have To Sell My Courses On Teachable?
No matter what package you choose, from the free to the business plan, you’ll always be given a school in which you can start selling your courses.
This is great for setting up your shop and selling the courses that you have already pre-planned.
You will not have to sell your online course through external websites (although you can post the link to your social media to make people aware that you are starting a course in the first place).
Teachable contains the setup and selling of your courses in one simple place.
The best thing about this website is how easy it is to use.
You need to know how to embed your video or how to code a banner ad, as Teachable already has these things covered.
It is a great place to start for beginners who are completely new to the world of online teaching.
This website also has the tools you will need to create your courses, so you won’t have to look to external websites.
If you are going to want to set up a live stream, you won’t need a link to a third-party streaming site, you can do it all through Teachable.
How Can I Build A Course On Teachable?
Teachable comes with a free course builder that will help you structure your class week by week.
This is available on the free plan too and gives you some very easy-to-use tools to get you started.
The course-building guide is very simple, and it comes with a step-by-step process that will walk you through the whole thing.
This comes with free templates that you can use, which is a great starting point for your Teachable business plan.
There are templates that are catered to various subjects, whether it is music, art, exercise, mindfulness, or building a business.
You can also create basic quizzes and award certificates to your students, which will increase the credibility of your course.
This will also help you to give your Teachable site brand consistency, helping you to craft videos and multimedia lectures that will really help you to stand out from other courses.
This also comes with a dashboard that will allow you to track your sales and statistics, which students have signed up for your classes, and how they have rated the overall experience at the end of your course.
You can then use these analytics to tailor future courses and gain more students and revenue.
You can also improve the user experience by creating surveys that will really help you to improve your service.
This can be tailored to your students through Teachable or you can use some third-party apps.
Tips For Starting Your Teachable Account
Here are some things that you should bear in mind when you are creating your Teachable account that will help you to gain more students and hopefully more revenue.
Use Your Webcam To Record
If you are going to start making videos, having the right technology is very important.
You’ll be surprised to find out that a lot of online teachers are using substandard equipment to record their lectures.
This is one thing that will be guaranteed to turn your students off and leave you negative feedback.
You’ll need to look at your course as an investment, so purchase some high-definition equipment that will allow your students to see you and your presentation crystal clear.
Plan Your Lessons
If you are particularly knowledgeable about your chosen teaching subject, then you might be tempted to wing it. However, you shouldn’t.
Even if you do know everything about your subject, you might accidentally cover something twice or find that some topic hasn’t been covered that in-depth.
Therefore, it is important to come up with a comprehensive lesson plan that you need to develop over time.
This way you can wheedle out the bad ideas and develop a good structure that is easy to understand for your students.
Diversify Your Teachable School
Don’t just have reams of text for your students to sift through, mix it up! Videos are a crucial part of understanding any subject and most people learn visually and through repetition rather than digesting lots of text.
You should also prepare lots of course materials for your students to download and peruse at their leisure. However, try not to bombard them with too much info, as this will be overwhelming, and they might give up after just a few weeks.
We hope our guide to Teachable, its course structure, and its pricing scheme have helped you to decide whether this is the right platform for you.
Overall, Teachable is very easy and professional to use, but it is not the cheapest teaching scheme you can subscribe to.