Does Thinkific Charge Transaction Fees

thinkific-review

The Internet is full of information. There are many platforms on the internet that offer everything you may be curious about. And what better way to explore it than through online courses? Online courses are everywhere these times. In addition, as its popularity grows more due to the recent pandemic lockdown, this format has become increasingly useful in providing students with the information they need. It’s also become more profitable financially, since the market for paid courses is slowly gaining traction.

Today, we’ll present a review on Thinkfic, a popular name for online courses. Let’s see what it has to offer including prices and features to integrations and interaction. In the end, we’ll inform you if this is worth trying or not. If you’re an instructor or influencer looking for alternative ways to share your content, keep reading!

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For those of you who prefer a more visual experience, here is a video review from SoftwarePundit’s YouTube channel. To get a comprehensive overview of Thinkific, you may still want to check out our article below.

Overview: What’s Thinkific? Does Thinkific Charge Transaction Fees

Thinkfic can be described as a popular LMS (learning management system) platform which focuses on providing a scalable and fruitful education-based environment for the learner and instructor. It’s a solid choice among business owners and entrepreneurs who specialize in selling online courses. With Thinkific it is possible to make courses that include a wide variety of formats, templates and lesson formats to pick from. You may incorporate videos or images into your lessons allow your students to upload their work whenever you like, design fun and interactive quizzes, and even give certificates to be awarded to those who make it through the whole curriculum.

The process of putting your online classes up for sale is now simple. Thinkific allows burgeoning edupreneurs like you to control how their courses are accessed – you may put your courses up at no cost or set up subscription fees so you can earn from teaching your students with valuable knowledge. Sharing and marketing tools are also within your reach because they are compatible with a range of third-party services that range from automation to marketing and even e-commerce. Thinkific is currently utilized by more than 36,000 edupreneurs as well as corporations, which includes big names like Hootsuite, Samsung, Intuit and many more!

Thinkific The Pricing

Thinkific offers four pricing plans, starting with the Free tier that’s ideal for people who are just beginning their journey. The Basic plan at $39/month (if it is paid every year) is a big jump from the Free plan with more features, and Premiere comes with the tools, integrations and features of the previous plans at $399/month.

The Pro plan, which costs $79 per month, includes all the essential features that entrepreneurs need; in addition, there is an Growth add-on to provide a better teaching experience for only $50 per month on the top of the Pro level. Free SSL certificate is offered in all four plans to guarantee security between teachers and students. A 30-day guarantee on refunds is included in the paid plans. If you aren’t satisfied, you may be able to get your money back 100%!

Thinkific Site Builder

The Site Builder from Thinkific is a webpage editor that allows you to create a stunning, professional-looking set of pages for your course website. With this feature, you are able the option of choosing from one of the 3 in-house themes or export ones from third-party providers. While you’re not allowed to edit your site in total control your website, you have plenty of customization options for you to experiment with. Alongside using templates for your pages, you can incorporate your personal branding elements, such as logo and design assets, images, and other forms of media to your site. You may even customize it down to your URL! Does Thinkific Charge Transaction Fees

Why do you need a domain for your website when Thinkific allows you to create one at no additional cost? Not only are you given the opportunity to create a platform that you call your own. You’re also given more time to concentrate on launching your course and earning a profit from the content you create for your courses. The Site Builder allows you can choose from a rich list of page options for your site including:

  • The homepage;
  • The landing page that is redirected to your course;
  • The page of course which allows students to select from any of your courses.
  • The pages for sales and checkout where transactions are being processed;
  • The sign-in page is for your subscriber students to log in.
  • The Thank You Page; and
  • Other pages, for instance,
    • The dashboard of students for students’ information,
    • The Coming Soon page will provide future course updates, and
    • The page for student certificates.

Does Thinkific Charge Transaction Fees

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In addition, you can set up what the site will look like other than the usual desktop screen. You can also choose a mobile-friendly option that lets your students access as well as interact with you services using their phones, however, it is important to keep in mind that this feature is only restricted to administrators who subscribe to the highest-priced plans

Student Management and Interactions

The unique system of Thinkific lets educators such as you maintain a strong connection with students that are testing any of your products. The data collection features allow users to have access to all your students’ contact information when they’re registered in the system. Alongside the simple data management, Thinkific also offers a Groups feature that lets you to increase revenue and effectively track your courses’ effectiveness by organizing your learners into groups based on group, company and time, as well as enrollment and the type of job.

Everything else left aside Thinkific also makes it easy for you to manage teacher-student interactions without the stress of using social media platforms like Facebook and Discord. Built-in Discussion feature allows students to talk about the details from any of your classes, while the Communities and Spaces functions provide the opportunity to build specific community forums that cover a variety of topics and interests.

Notifications

Notifications are a great option for both you and your subscribers to be informed each time an issue related to the course arises. You may configure the manner in which your students receive notifications in your administrator settings. You may choose to send your students information about their progress on the particular course when they finish it, or whenever a fellow student comments under the discussion section in addition to other things. Does Thinkific Charge Transaction Fees

Learn online, take classes, and Credentials

The process of creating courses has been made as simple as ever, because Thinkific’s online course editor can provide educators with a vast range of lessons and templates along with the flexible customization possibilities we’ve already mentioned. They also offer credential and certificate tools that can be presented to those who successfully completed any of your courses.

Course Templates

Thinkific has a wide array of course templates you can use without having to think about creating a course from the ground from scratch. Each of these can be customized and you can make one that is based on the course you want to provide.

1. Flagship Course Template

The most popular course is an online course that focuses on the instructor’s chosen field of specialization. It lets you build an enhanced curriculum that is depending on what you specialize in. If you’re an expert in, say, content creation You can create a flagship course packed with detailed information about the subject.

2. Mini-Course Template

Mini-courses are the shortest, most affordable versions of the flagship course. Imagine it as a teaser, if you would. The mini-course template is designed to attract potential students and create leads for your fully-fledged courses.

3. Pre-Sell Template

The pre-sell template can be a fantastic way to see how your course is received prior to it’s completed. It allows you to create the landing page for the course you’re offering to test if your targeted audience likes it enough to try it out for themselves.

4. Digital Download Template

The digital download template allows you to create a downloadable course after your audience, say is on your email list. This is an effective method to generate leads and earn money when you want to extend your reach.

5. Webinar Replay

The webinar replay template lets the upload of a pre-recorded replay of your web-based seminar for your attendees to look over or catch up if the audience missed your presentation.

6. Blank Template

If you’d like to create an entirely custom-designed course There is a blank template option where you can start fresh. You can choose from a wide range of lesson styles, tips, and tools to help you make the most of your detailed course.

7. Membership Resource Library

The template for membership resources allows you to upload educational materials , which are offered as an added bonus. This useful feature is available in the event that you have a membership/course bundle.

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Types of Lessons

There are 12 kinds of chapters – or lessons – for you to choose from. The Course Builder gives instructors and mentors a broad variety of lessons, each that can be adapted to any topic, from the chapter’s title to the information and files available for input.

Video Lessons

Video lesson chapters are just one of the most effective ways for students to master. Thinkific supports the most diverse formats of video possible including MP4, FLV, and even MOV files. Once uploaded and incorporated into the course’s plan, the videos are automatically stored in the Video Library, where they can be reused in future classes.

Quiz Lessons

It allows you to add questions by entering the questions that students will see and then providing the solutions for them to choose from. It is entirely in multiple choice format, and you get to choose whether you want to provide one or more correct answers.

Multimedia Lessons

Multimedia chapters allow you to connect out to various streams of information that are not available through Thinkific. You may incorporate tons of different streams, from the tools for webinars like Zoom to surveys, presentations, and even Google Docs documents. There is also the option to integrate with other third-party course creators like Articulate Storyline and Adobe Captivate However, that option is restricted to both the Pro or Premiere pricing plans.

Text Lessons

The text-based lesson doesn’t only allow you to type text characters. It lets you include images, audio downloads, files that can be downloaded, and even embedded hyperlinks that will take you to YouTube videos. Does Thinkific Charge Transaction Fees

Survey Lessons

Thinkific’s specially built-in survey forms let your students chime in their feedback, suggestions or other ideas into the analyzed data that you can view. You can add this chapter during or after the course. You have three choices for you to choose from like scale-based, rating-based or survey-based on answers.

Downloadable Lessons

This chapter is where you may upload zip files or PDFs, audio-visual files such as. for students to download from the course player so that they will have a the course-related information to follow.

PDF Lessons

In addition to downloadable files, they are also able to be uploaded to your students to see in the course. You can also incorporate PDF files, and then transform them into readable lessons that students can access without having to download and bring them to take them home.

Presentation Lessons

Thinkific offers in-house tools that allow you to upload and showcase your slide presentations – in PDF form to students within the course. You have the option to provide a download link for students to use in their free time, as well as an audio-over option which you could record on each slide.

Audio Lessons

With Thinkific, you may include videos or presentations as well as PDF documents among other things. You may also opt for the audio chapters by uploading files like MP3, to any of your courses that your students can listen to.

Assignment Lessons

Chapters for assignment lessons let teachers just like students submit student work like reports, projects as well as essays written by students and more. Take note that this chapter type is only available in select plans beginning with to the Professional plan.

Brillium Exam Lessons

Exam chapters allow you to select from a wider range of question types other than the standard multiple choice approach, such as filling in the blanks. You may also expand to the next question by relying on answers from previous ones, and get robust reporting details. All this is only made possible through integration with Brillium which is limited to the most expensive plans that start with the Premiere level.

Live Lessons

Live lesson chapters has recently been introduced to Course Builder. Since this is currently in beta, we can expect it to have a few limits in terms of performance. In addition, the live feature can be a fantastic method for instructors to communicate relevant information to their students in real-time.

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Credentials and certificates

Available only in the Pro plan and upwards you can issue completion certificates and other credentials to your students who completed the course you taught on Thinkific. This is made possible by its integration with credential expert Accredible. There is a chance that you will encounter a Thinkific-themed template for certificates that looks rather boring. This is the reason why Accredible is a must With a mix of tools and editing features from the two platforms. You can choose the ability to alter how your certificates to look design-wise starting from the borders up to the text.

Other useful features of the course builder

This Bulk Importer feature allows you to drag and drop as many files you would like to upload to your course at once. Unlike having to upload one by one it allows you to work on other things and is especially helpful for edupreneurs who are very busy.

The Drip Scheduler On contrary, lets you to schedule your lessons to an exact time and date. This feature can be useful in keeping your student audience fully engaged and balanced in the storage of data.

Payment, Selling, and Marketing

Marketing in selling products to your desired market can be more challenging to take if you’re not provided with sufficient tools to get up and running. Fortunately, many LMS platforms, including Thinkific offer the majority of, if not all of the essential merchant-related features available for use.

Payment Options

If you plan on making a profit from paid online courses, it is possible to connect your Thinkific account to any or both of these payment providers that are tightly connected to the platform. Stripe along with PayPal are typically required to handle transactions from your learning subscribers. Does Thinkific Charge Transaction Fees

We’re aware of what PayPal can be and exactly how it works because it’s among the most used payment methods in the world. If you’re not sure, PayPal is where you pay for products by sending in a part of your balance to the merchant you’re buying from.

Stripe On the other hand, processes cashless transactions with other e-wallet companies around the world that work similar to PayPal. Additionally, it processes debit and credit card transactions from different banks in different locations.

Pricing Options for Students

The decision of how much you’re going to sell your course materials to your learning subscribers is an important step in marketing and sharing your content to the public. It doesn’t matter if it’s free or requires multiple payment, Thinkific offers four pricing options that you can create for students who wish to take advantage of it such as free, one-time payment as well as membership or subscription and a monthly payment.

  • Free – This lets you provide your students with content free of charge. If you’re running a business this can be employed as a lead generator or an additional bonus to your paid-for services.
  • One-time payment – You pay students one-time fees for your course content. As an option, you can also establish an enrollment duration for how long they can access your learning material.
  • Subscription/membership – If you’re in charge of a membership site, this option is the best one. Students are charged monthly fees for subscriptions to get access to all your content. Take note that this is only available for plans that start at the Pro level.
  • Monthly payment – The entire cost of your course is broken down into monthly installments to be paid by the students, especially without any anxiety about breaking the bank on their own. Like the subscription method is available only starting with the Pro plan onwards.

If you’d like to develop different pricing options for one of the courses you offer, then you may achieve this by using the “Set additional pricing” option.

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Other Ways to Promote Your Content

Coupons

Coupons are used to advertise your course’s content and the bundles that accompany it. They’re accessible to users for all of Thinkific’s paid plans, although in the Basic tier you’re entitled to only one free coupon. The coupons can be customized to correspond with the many services you can offer – you can modify discounts, the is the amount it’s applied to, and the expiry date.

Affiliate Marketing

Thinkific offers a few features that allow you to enlist those who have been subscribed to any of your courses to become affiliates. They serve as additional assistance in promoting your content to other prospective students. Additionally, they could earn commissions from simply providing unique promotional hyperlinks to your online courses.

E-mail Marketing for Business Growth and Marketing

There’s no other effective way to sell your products online other than through e-mail marketing. It’s also a good idea to know that Thinkific lets you integrate with a variety of third-party tools which specialize in this which includes major e-mail marketing platforms such as MailChimp, AWeber, and ConvertKit. There are many more marketing platforms to choose from and connect to on Thinkific’s App Store that we’ll discuss very shortly. This isn’t all however, as Thinkific also allows you to take advantage of giving your business and platform the boost they need through the online growth platform Sumo and the API tool.

Integrations

Similar to other online course platforms , and basically, any other web platform, Thinkific allows for seamless integration with a wide range of third-party online services and tools which all give a better experience for both student and instructor.

Thinkific App Store

The Thinkific App Store is a new addition to the list of features available on the platform. All integrations with third-party solutions as well as services now available to be easily downloaded and utilized through the extensive app library. This is an enormous improvement in how integrations are managed earlier when integrations had to be done by navigating through the settings. This feature is available for all plans offered by Thinkific and every app available in the store is free to use however certain apps require a monthly subscription, while others offer services that are free.

Automation Services

If you’re an educator with an account for paid teaching is equally important to have access to tools that can automate all your tasks – and connect to many more third-party software platforms at same simultaneously. One such service that lets you manage your tasks easily is Zapier. Zapier comes with two major tools that can be useful for managing your account and course. The feature ‘Triggers’ is available in both Basic and Pro plans. Basic and Pro plans. Additionally it will perform basic tasks on your behalf, for example, adding those who has signed up to take one of your classes to your mailing list.

The “Actions” feature, in contrast is packed with additional capabilities that it can offer however it is limited by the Pro + Growth and Premier plans. Apart from Zapier, there’s InfusionSoft which allows you to automatize your sales and marketing duties. InfusionSoft is a well-known automation tool for small-sized businesses who may not have enough employees or team members to handle marketing-related issues. Does Thinkific Charge Transaction Fees

Analytics

A variety of analytics tools is a sound method to gain insight into how well your services are received, inspiring you to keep either discontinuing, re-inventing, or enhance the quality of your services. Thinkific allows you to integrate with third-party tools that focus on gathering information. One such application is Mixpanel that comes with advanced tools that do more than just count your performance, but analyze student traffic between your courses.

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Segment.io is another highly sought-after platform that lets you send the data instantly to marketing and data analytics services like SalesForce, HubSpot, ZenDesk and more. When it comes to offering precise and accurate analytics, Google Analytics ranks number first on the web. Since it is an integral part of selling online, it can easily be connected to the Thinkific account by typing in the tracking ID. Additionally, if you want to distribute your course’s content into social media, especially on the most used social media platform Facebook You can integrate using Facebook Pixel.

Student Assistance and Success

E-commerce, analytics as well as automation aside, Thinkific can easily connect to a variety of applications geared towards student success. Accredible, as mentioned previously is used to award completion certificates and manage credentials but is only available in the Pro or Premier packages. Brillium lets you expand your examination possibilities, while Disqus is a great platform for student-teacher interactions.

E-commerce Solutions

If a Stripe-powered payment ever comes in trouble, like getting your card declined, Stunning is there to save it from any possible error in the transaction. Taxes are going to be essential when running an online course in business. Some platforms will help you out with this like Quaderno.

Customer Support and Help Customer Support and Help

Thinkific offers a broad range of customer service platforms you can contact anytime you require assistance. The hotline for customer support is available via e-mail or phone, with priority support for admin users who are registered to the Pro plan or higher. However, getting in touch with an expert is limited in terms of time, since it is only accessible on Mondays through Fridays. There’s no indication that live chat is available as well. Does Thinkific Charge Transaction Fees

In spite of the absence of support options directly available, Thinkific has a help and training center with information that will assist entrepreneurs in the process of establishing and managing an admin account. Included is a free course that teaches newbies how to develop, market, and sell their services in the most efficient way possible.

Alternatives to Thinkific

  1. Teachable. If you’re interested in selling and sharing your online courses to a wider public, Teachable has similar features like Thinkific as well as additional features including fast access via the mobile app, Teachable Payment and an integrated e-mail marketing tool. It has four plans starting which include the base plan, which is $10 less than Thinkific’s, but they may charge you higher transaction fees.
  2. Kajabi. Kajabi is a better LMS platform for any established entrepreneurship, with the ability to customize options twice as extensive as the other options. In addition, it offers much more sophisticated features that meet requirements of big businesses. In addition, Kajabi is also among the most costly sites and prices start at $119 per month and no free option.
  3. Podia. Podia is the most recent update to the range of online course platforms, with some decent features that are priced at the same cost as Thinkific. What some do not like to date with Podia is the lack of tools for customization and customer support options, but that’s understandable since most of them will be in the near future.
  4. Udemy. If you’re thinking about another LMS option that’s particularly beneficial for beginner instructors It’s worth a take a look at Udemy that is billed as the biggest course marketplace with over 42,000 creators of content and 30 million students. Although you’ll be able to benefit from the majority of Udemy’s important functions, such as unlimited courses, completely free of charge, you can expect to pay much more transaction fees in the near future. Does Thinkific Charge Transaction Fees

What We like about Thinkific

  • Exceptionally great pricing plans. Beginning with the Basic plan as low as $39 a month, each of the three paid tiers has tons of handy features to meet a range of entrepreneurial needs.
  • Zero transaction fees. Unlike some LMS platforms that charge higher transaction costs, Thinkific lets you enjoy the entire range of services offered without having to think about the expense.
  • Flexible and easy customizable options for customization. You are able to choose from a vast array of topics, templates for courses and lesson types and customize every one of them to your liking.
  • There are a variety of payment options for students. Not only do you have the option to make a one-time payments to your student audience as well as to select monthly payments or membership fees to motivate them to get the most value from the benefits you can offer.
  • Faster and accessible integrations with third-party platforms. The recent addition to the Thinkific App Store integrations with third-party online stores automation, analysis, as well as educational websites haven’t been so simple.
  • Smooth user interface. The Thinkific web interface is quick in performance, from the playback of media to the course and website builders.

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Things We Do Not Like About Thinkific

  • No live chat support. Although phone support is a welcoming option, Thinkific is quite lacking in the sense of providing live chat support which allows users to speak directly to an expert regarding issues related to the platform.
  • The difficulty of adding code-related snippets to the courses. When you’re an experienced in programming and coding and would like to utilize Thinkfic to develop your courses, it would be much better to not attempt this.
  • There aren’t many built-in integrations. Thinkific is not equipped with integrated marketing and sales funnel integrations. However, you can access the same solutions through third-party applications which offer them.
  • Lack of tools related to continuing education credits. Thinkific might offer various types of certificates and credentials at every end of the course, but it does not provide enough functionality to make one related to continuing towards future lessons. Does Thinkific Charge Transaction Fees

Conclusion

If you’re ready to enter in the world of entrepreneurs, or expand your reach to greater heights it’s time to try giving Thinkific the chance! The LMS Platform has taken big measures to make it easier for people who are interested in exploring creating courses using the top features that other platforms do not normally offer. It’s also amazing that you don’t need to worry too much about transaction fee after transaction fee obstructing your way.

Coursemaking, as a whole is an investment that can significantly impact your career in the long term. What Thinkifc stands out from other courses is its Free plan offering. While it’s as limited as they come, it has enough tools to provide a way for newcomers to explore the waters and determine whether it’s a good fit. It’s also risk-free so if you’d like to try out it for yourself, go ahead! Free plan, you may go to Thinkific’s official website!

FAQ Does Thinkific Charge Transaction Fees

Does Thinkific offer a no-cost plan?

Yes, it does! Thinkific has a beginner-friendly Free plan that includes access to its core features like customer support and the course editor, however it only allows only one course for free. If you want the ability to make unlimited classes you may try out the three other plans, all of which are paid.

Do Thinkific require transaction charges? Does it also charge a percentage of my earned sales?

No! There are no transaction fees that are associated with any of Thinkific’s services across all plans apart from the ones associated with payment options. Additionally, it doesn’t take a significant amount of your income since Thinkific makes the majority of its income from paid plans.

Can Thinkific integrate with Zoom?

Yes , integration with the communication service Zoom is now available on Thinkific in the middle of 2020. This will be particularly helpful for powering Live Lessons, which also happens to be the LMS platform’s most current features. Take note, however, that they are only available on the Pro plan and upwards.

Does Thinkific mobile-friendly?

Yes. Even though it does not have an official mobile app However, the Thinkific interface is easily transformed to be compatible with mobile phones and portable use on mobile browsers, like Safari and Opera, which includes many of the same features as the web version. Does Thinkific Charge Transaction Fees

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