Online course platforms like Teachable has quickly become massive over the years. In fact, it is one of the best methods for serving a specific niche audience. More so, such a platform gives you an opportunity to teach what you know, at the same time going deep into the content depending on what you think your students need.
Apart from the fact that creating an online course is a great opportunity to share your knowledge and whatever stock information, it is also a great opportunity to earn money.
Creating an amazing course could mean earning a premium price. However, the reality is, in order to be able to make a really worthy online course, you will need to invest time and effort. But that should not matter, because, at the end of the day, you have to look up into your end goal — which is to build a solid passive income for you and your family.
Furthermore, online courses can be instrumental in growing your passive earnings. Needless to say, this kind of thing is really ideal for people like stay-at-home moms who have the spare time to create a beautiful course, and yeah, earn a good amount of money in the end.
If this helps, the online learning market has been found to be expanding exponentially. In fact, according to the data presented by eLearning Industry, this year, it is expected to hit $37.6 billion in value. That’s pretty huge, right?
If you have been blogging or thinking about putting up a blog, this one’s a great opportunity for you to earn good money. You want to know why? Because the moment you have the following or a decent email list, it’s easy to combine blogging and putting up an eLearning feature. It’s basically a good strategy for monetizing your knowledge and expertise, at the same time, being able to share whatever it is you want to share, right?
We hope you get what we mean.
But first, just to tick off the curiosity, why in the first place, should you consider creating an online course? Why not just blog away and let it earn through other means?
Guess what, Teachable has answers for that, and we are going to share it with you now.
WHY CREATE AN ONLINE COURSE?
To be honest, more and more people are becoming drawn to creating an online course. Today, a lot of people (bloggers and non-bloggers) have seen the value of online courses. Needless to say, the earning potential from creating online courses. Well, earning is actually one of the main reasons why you should create one. But apart from the monetary aspect, there are other reasons why according to Teachable:
1. They provide part-time (or full-time) income.
We’ve heard a lot about monetizing blogs and YouTube accounts, but guess what? There is an easier way of earning as compared to those two — and that is by creating online courses. It has been found that it’s actually a lot easier and faster to monetize an online course than a blog or a YouTube account. Teachable has data to back this up.
2. Everyone has something to teach.
Whether you are a stay-at-home mom, a working mom or somewhere in between, you got something to teach. In one way or another, you have something that you can share with other people, and that they can learn from.
You do not believe us?
Come to think about it. Every one of us has our own unique hobbies and interests, as well as passions and skills, which can be translated into an online course. Yes! You do not need to teach technical stuff or stock investments or finance to have a successful online course. You can make money by simply sharing your passion, skills, interests, and hobbies. And we mean, passion like cake decorating or interior decorating (which is totally different from interior design, by the way).
3. They’re reusable assets.
Teachable says that once you create an online course, you can repurpose it, reformat and then resell it. You can do it over and over — as long as you like. So, imagine creating an online course today and profiting from it in the years to come. That’s a great deal, right?
4. You are already an authority.
A lot of people thought they are not qualified to make an online course because they are not “experts”. But the thing is, you do not need to be an expert. Teachable says that they found that “the best teachers are only a few steps ahead of their students”.
5. You can help a massive amount of people all at once.
Online courses that are straightforward and easy to understand can reach a large number of people fast.
6. They have a high ROI.
If you already have a blog with a good following, then great. That means a quick way to sell and make money. If you don’t have a blog site, that’s fine. There are other means to sell your online course anyway.
7. You can charge more for them.
Wherever you go in the world, people value education. They do not mind spending a lot if it means gaining knowledge. So yeah, you can definitely earn a lot, even charge more than double digits!
Before moving on, you may want to check this video by Gillian Perkins wherein she shares about creating an online course with Teachable:
WHAT IS TEACHABLE?
Alright, so we kept mentioning about Teachable, but what is Teachable definition, really?
Teachable is basically a learning management system or LMS provider that targets bloggers, creative, as well as online educators who want to create and then sell courses.
Previously known as Fedora, Teachable was founded by Ankur Nagpal.
Teachable is not just for bloggers, but creative and entrepreneurs, too. Particularly those who want to earn money by creating and selling online courses to their audience and followers.
As of this writing, there have been more than 200,000 teachers already who have created in excess of 34,000 courses for seven million students all over the world with Teachable.
HOW MUCH CAN YOU EARN THROUGH TEACHABLE?
How much you earn depends on how much you are selling your online course, and how many people are buying it. It is perhaps to say that you can earn pretty impressive is you do have the right strategy in selling your online course. In fact, some people get to earn as much as six digits a year by simply creating and selling online courses!
If others can, then you too can definitely do it as well.
HOW MUCH DOES IT COST TO BE ON TEACHABLE?
Teachable offers three different plans for you to choose from. To give you an idea bout Teachable pricing and what features to expect, here are the various plans they have:
The Basic plan costs $29 annually. It includes the following Features:
- Unlimited students
- 5% transaction fees
- Instant payouts
- 2 admin-level users
- Product support
- Course creator training
- Custom domain support
- Coupon codes
- Drip course content
- Integrated affiliate marketing
- Integrated email marketing
- Third-party integrations
This plan costs $79 a year. If you choose to avail this one, you will get to enjoy everything that’s under Basic plus the following features:
- Unlimited students
- No transaction fees
- Instant payouts
- 5 admin-level users
- Priority product support
- Graded quizzes
- Advanced theme customization
- Advanced reports
- Unbranded website
- Course completion certificates
- Course compliance
This plan costs $399 annually, and it includes everything that is under Professional plus the following features:
- Unlimited students
- No transaction fees
- Instant payouts
- 100 admin-level users
- Priority product support
- Manual student imports
- Bulk student enrollments
- Custom user roles
HOW TO CREATE AN ONLINE COURSE ON TEACHABLE?
So, now we go to the real deal. How to make an online course on Teachable?
Well, to answer that question, we share with you a step-by-step to starting your own course on Teachable:
STEP 1: Go to the Teachable website, and sign up for an account.
Signing up on Teachable is very easy and simple. All you need to do is enter the following information:
The moment you are done signing up, you will then directed to creating your own teachable school.
STEP 2: Create a Teachable school.
Once you land into this page, you will be asked to name your school. You can name it whatever you want to. It’s all up to you.
Note that your Teachable school is where you are going to host all your courses.
Apart from hosting your online courses, you can make it more personalized by creating a blog, an About Me page, and whatever information you want to share at your school.
Basically, your Teachable school serves as your website. If you have a business name, we recommend name your school after it so it would be easier for people to identify the school.
By the way, on your Teachable school dashboard, you find features like signing up for the free live webinar (which we highly recommend especially if you are totally new into this kind of industry). It also features an option for you to customize your school’s look and feel.
STEP 3: Create a New Course
Once you are done with some of the basics you need to do for your school, you may not hit the Create a Course button, and start creating your online course. If you are not sure how to go about it, you may opt to watch the tutorial that Teachable provided for you.
In the New Course page, you will be asked to enter the following information:
– Name (of the online course)
Once you are done filling this out, hit the create course button, and you will then be directed to another page where you can start creating the content of your online course.
If you notice, the steps are very basic and straightforward. It basically asks for essential information or detail only. All you have to do is follow and enter whatever information is asked.
By the way, although there is nothing wrong with creating your online course right there on the website, we suggest you draft the content in a Word file, and just paste or drag the copy in there. It will allow you to save a lot of time.
It is also noteworthy that apart from the usual Word format, Teachable also allows you to upload PDF format documents, videos, as well as presentations using a drag and drop course builder. Importing materials from online platforms like Google Drive, Dropbox, or One Drive is also doable.
More so, you can also create quizzes and checklist and award certificates for your students depending on your subscription. You see, you do all these and be like any other teachers out there.
When it comes to fear of losing your materials, you better take that out of your worries because of Teachable hosts and backs-up all your materials. Teachable also allows you to export your student data, contact list, as well as revenue information anytime you need them.
STEP 4: Build Your Sales Page and Decide on Your Pricing
Apart from the content of your online course or the course curriculum, this one’s extremely important as well — as without it, you won’t be able to sell and earn money.
On this page, you will be asked to create your sales page copy. Do not worry about anything as Teachable has a drag and drop template that you can use. So, yeah, it makes life so much easier.
Depending on how you like it — you can move the blocks around, add new blocks, or delete them. Again, it’s all up to you.
On this page, you will also be asked to enter the price of your online course.
We understand that for some individuals, pricing their online course can get a little daunting. But don’t worry too much because Teachable is here to help you.
In fact, Teachable recommends pricing your course at least $100. Perhaps you will go thinking why price your course that high? Well, Teachable assures us that in every online course you make, there is value in it. That is worth the $100 price and maybe even more!
Stop thinking about not being an expert or those crazy thoughts you have. Trust that Teachable knows better than you do – well, in reality, you should know better, right?
If you are worried about not selling at all – think again. Like we said earlier, people will spend no matter how pricey it can get when it comes to education. People value education that much that they are willing to spend.
STEP 5: Publish Your Online Course and Start Selling
Once you are done with the whole process, then, it’s time to publish and make your course available for everyone.
There’s no point in creating a school if you will not sell, right?
Now, one of the most common questions, especially among newbies, is – how to sell your online course?
Allow us to say that this question is legit and that we totally get why you are asking – after all, why create something and spend time if you won’t get anything from it, right?
So, yeah, how to sell?
Good thing is, Teachable provides various sales page templates designed to convert. If you have a blog, you can build out a page in WordPress, and customize these templates.
If you own a website, you can also connect it to your Teachable school. You can also take advantage of your social media pages to sell your online course.
Also, if you plan to use a Facebook ad in promoting your online course, you can add your pixel to a sales page. You see, selling an online course should not be hard given all the options there is.
The sales process of Teachable is pretty simple — students can buy your online course directly from your sales page.
To keep you up to date, you will have a dashboard that shows how many students signed up for the past few months and how much money you earned within that period of time.
By the way, Teachable also allows you to create discount code for students, as well as coupons and promotions — all of these are extra helpful in making a sale.
Furthermore, they also support advanced pricing options like one-time fees, a payment plan, a subscription, and more. Payments are accepted via PayPal, Stripe, and most major credit cards like Visa and MasterCard.
HOW IS TEACHABLE CUSTOMER SUPPORT?
If you are new to Teachable and you have a lot of questions in mind, one thing’s you are assured of, Teachable support is relatively good. They are pretty much helpful and they respond as soon as they can.
If you have questions or clarifications, all you need to do is create a ticket, and wait within 24 hours for Teachable customer support to get back to you.
However, for those who availed the Professional plan, you are entitled to a live chat wherein you can ask and receive answers in real-time.
FINAL THOUGHTS ON TEACHABLE
Overall, we have nothing but good things to say about Teachable. While there are many other LMS out there, it is probably safe to say that Teachable is one of the best so far.
So, have you thought of creating your own online course and earn money out of it yet? What course are you planning to offer? We would love to know! Care to share?
If you are still doubtful, if this helps, remember that we are all uniquely made and each of us can offer something different to the table. So, do not be scared to share your knowledge and expertise. A lot of people will surely be grateful for it.