Does Thinkific Have Transaction Fees

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The Internet is rich in information. There are many platforms online filled with all the things you might be interested about. What better way to explore it than with online courses? Online courses are everywhere these times. In addition, as its popularity grows even further thanks to the recent pandemic lockdown the format has grown more and more valuable in providing students with the necessary information. It’s also becoming more valuable financially, as the market for paid-for courses is gradually gaining momentum.

Today, we’ll present a review on Thinkfic is a well-known brand when it comes to online classes. Let’s see what it has to offer, from the prices and features to integrations and interaction. We’ll let you know if it is worth trying or not. Should you be an educator or an influencer searching for new 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 is Thinkific? Does Thinkific Have Transaction Fees

Thinkfic can be described as a popular LMS (learning management system) platform which focuses on providing a scalable and productive learning environment for the learner and instructor. It’s a great choice for entrepreneurs and businesses that specialize in selling online classes. With Thinkific you can develop courses using a variety of formats, templates, and lesson types to choose from. You can integrate videos and images into your lessons, let your students upload their assignments whenever you want, create fun and interactive quizzes, and even issue certificates to be awarded to those who made it through the entire course.

The process of putting your online classes up for sale is now easy. Thinkific allows burgeoning edupreneurs like you to manage how they are accessible. You can offer your classes for free or establish subscription fees that allow you to earn money by giving your students valuable information. Sharing and marketing tools are also accessible since they can be integrated with a wide range of third-party solutions including automation, marketing and even to eCommerce. Thinkific is currently used by more than 36,000 edupreneurs as well as businesses, including big-name companies like Hootsuite, Samsung, Intuit and many other companies!

Thinkific: The Pricing

Thinkific has four pricing plans starting with the Free plan, which is ideal for people who are just beginning to learn about. The Basic plan at $39/month (if you pay annually) is a significant leap from the Free plan and comes with additional features, while Premiere comes with tools and integrations from all previous levels with a monthly cost of $399.

The Pro plan at $79/month includes all the essential functions any entrepreneur will need and more. There is an additional Growth package for a more enriched education at just $50 per month, on top of the Pro tier. A free SSL certificate is offered in all plans to ensure added security between students and teachers. A 30-day refund guarantee is also included along with the paid plans. If you’re not satisfied, you may receive your money back in 100%!

Thinkific Site Builder

Thinkific’s Site Builder is a webpage editor that lets you set up an attractive, professional-looking page for your site of course. With this option, you have the ability to either choose from any of the 3 in-house themes or export ones from third-party providers. Although you’re not able to edit your site in total control your website, you have a variety of options to customize your site to experiment with. In addition to using page templates, you may incorporate your personal branding elements, like designs and logos images, photos, and other forms of media to your website. You may even customize it down to your URL! Does Thinkific Have Transaction Fees

What’s the need for a domain name when Thinkific lets you create yours for free? Not only are you given the opportunity to build a platform you call your own. You also get more time to concentrate on launching your course and earning a profit from the content you create for your courses. Through the Site Builder program, you can choose with a variety of page options for your site including:

  • The homepage;
  • The landing page where everything is redirected to your courses;
  • The page on courses which allows students to select one of your courses;
  • The check-out and sales pages on which transactions are processed;
  • The sign-in page that allows students who are subscribers to sign in;
  • The thank you page and
  • Other pages, for instance,
    • The student dashboard , which contains students’ information,
    • The Coming Soon page will provide future course updates, as well as
    • The page for student certificates.

Does Thinkific Have Transaction Fees

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Additionally, you may also set up what the site will appear like, aside from the usual desktop screen. You can also choose a mobile-friendly option that lets your students see and interact with your website via their mobile devices, however it is important to keep in mind that this feature is only restricted to administrators who subscribe to the most expensive plans.

Student Management and Interactions

Thinkific’s unique system helps edupreneurs such as you maintain a strong connection with students who are experimenting with the products you offer. Its data collection even allows you to gain access to all your students’ contact information when they’re connected to the system. Apart from the convenient data management, Thinkific also offers a Groups feature that lets you to boost the revenue of your business and track your courses’ effectiveness by organizing your learners into groups based on the company, cohort, time, enrollment, and the type of job.

Everything else aside, Thinkific can make it easier to manage interactions between students and teachers without the stress of using social media platforms like Facebook or Discord. The built-in Discussion feature lets each other talk about the details from 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 an excellent method for both you and your subscribers to be informed whenever something related to your course occurs. You can set how your students will receive notifications through the settings for your administrator. You can decide to inform them about their progress on the course they have chosen, when they finish the course, and each time a student comments under a discussion post, among other things. Does Thinkific Have Transaction Fees

online courses, lessons and Credentials

Creating courses has been made easy as ever thanks to Thinkific’s unique online course editor provides edupreneurs with a vast range of lessons and templates in addition to the flexible customization possibilities we’ve mentioned earlier. They also offer credential and certificate tools that can be given to students who have completed your courses.

Course Templates

Thinkific has a broad selection of course templates that you can use without worrying about building from the ground from scratch. Each template can be customized and you can create one that is based on the course you’d like to present.

1. Flagship Course Template

The flagship course is a major online course that is focused on the instructor’s chosen field of knowledge. You can create an enhanced curriculum that is depending on what you specialize in. If you’re an expert in, for instance creating content, you may create a flagship course packed with information on it.

2. Mini-Course Template

Mini-courses are shorter, inexpensive versions of the flagship course. Imagine it as the equivalent of a teaser, if one will. The mini-course template is designed to draw students’ attention and to generate leads for your full-fledged classes.

3. Pre-Sell Template

The pre-sell template is an excellent way to see how the course will be received before it’s published. It lets you put up a landing page linked to the course you’re offering to determine if your intended group is interested enough to test it for them.

4. Digital Download Template

Digital download templates allows you to develop a course that can be downloaded following the time your audience, for instance opts in to your email list. This is a great way to generate leads and revenue if you wish to expand your reach.

5. Webinar Replay

A webinar recording template lets the upload of a pre-recorded recording of your webinar to your viewers to go through or catch up on if the audience missed your presentation.

6. Blank Template

If you want to design a fully customized course There is an option to create a blank template where you can start fresh. You can choose from a variety of lesson types, tips, and tools to aid you in making the most of your detailed course.

7. Membership Resource Library

The template for members allows you to upload educational materials that are included as an extra. 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 different types of lessons – or chapters that you can choose from. The Course Builder offers instructors and mentors a broad variety of lessons, each one of which can be adjusted to each topic that is possible, starting from the chapter’s title all the way to the information and files that are ready to input.

Video Lessons

Video lessons are an efficient ways for students to gain knowledge. Thinkific supports the most diverse formats of video possible including MP4 FLV, MP4 and MOV files. Once uploaded and incorporated into the course’s plan, the videos are automatically saved to the Video Library, where they can be reused in subsequent courses.

Quiz Lessons

This lets you add in questions by entering the questions that students will see and providing the answers for them to choose from. The quiz chapter template is in multiple choice form which allows you the option of choosing to include one or several correct answers.

Multimedia Lessons

Multimedia chapters let you link out to various streams of information that are not available through Thinkific. You may incorporate tons of different streams, from webinar tools such as Zoom to surveys, presentations and even to Google Docs documents. You also have the option of integrating with other third-party creators of courses, such as Articulate Storyline and Adobe Captivate, but that is only restricted to pricing plans like the Pro as well as Premiere pricing plans.

Text Lessons

The text-based chapter does not just allow you to type in text characters. It lets you include audio, images, downloadable files, and even embedded links to YouTube videos. Does Thinkific Have Transaction Fees

Survey Lessons

These specially-designed survey forms permit your students to fill in their feedback, suggestions or other ideas into the analyzed data that you can view. You may add in this chapter at any time during or after the course. There are three options for you to choose from including rating-based, scale-based, or surveys based on responses.

Downloadable Lessons

This chapter allows you to upload zip files or PDFs, audio-visual files and more. for students to download from the course player so they can have a readily accessible the course-related information to follow.

PDF Lessons

In addition to downloadable files, they are also able to be uploaded to your students to look over in the course. You may include PDF files and transform them into accessible lessons that students can access without having to download and then take them to home.

Presentation Lessons

Thinkific offers in-house tools that permit you to upload and showcase your slide presentations – in PDF format to students within the course. You have the option to add a download link for students to download during their free time, and the option of a voice-over feature which you could record on each slide.

Audio Lessons

With Thinkific it is possible to put in videos or presentations as well as PDF documents among others. You can also add an audio-only chapter, by uploading MP3 files like MP3, into any of your courses for students to listen to.

Assignment Lessons

Chapters on assignment help teachers like students submit student work like reports, projects writing essays, and much more. Note that this chapter type is only available on select plans beginning with to the Professional plan.

Brillium Exam Lessons

Exam chapters let you select from a wider range of question types other than the typical multiple choice approach, such as filling in the gaps. It is also possible to branch out to succeeding questions by relying on answers from the previous ones, and also get detailed information on your report. This is made possible through integration with Brillium that is restricted to the highest-scale plans starting with the Premiere level.

Live Lessons

Live lesson chapters was recently added to the Course Builder. As this feature is in beta, we can anticipate certain limitations in terms of performance. In addition, the live feature is a great way for instructors to relay relevant information to their students in real-time.

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Credentials and certificates

Available only in the Pro plan and up you can issue completion certificates and other credentials to your students who made it through your course using Thinkific. This is made possible by the integration of credential specialist Accredible. It is possible that you may come across a template for your certificate that is Thinkific-themed that looks a bit too drab. This is where Accredible can help by combining features and editing capabilities from each platform, you can choose the ability to alter how your certificates to appear design-wise including the borders and the text.

Other useful features of the course builder

This Bulk Importer feature lets you upload as much files you wish to add to your course all at once. Instead of uploading individually, this allows you to work on other tasks. It is particularly helpful for edupreneurs who are very busy.

The Drip Scheduler The Drip Scheduler, on contrary, allows you to schedule your classes at an exact time and date. This feature is useful in keeping your student audience engaged and well-balanced in storing data.

Payment, Selling, and Marketing

Marketing in selling products to the desired customers can be more challenging to take if you’re not provided with enough tools to get things going. Fortunately, plenty of LMS platforms, such as Thinkific offer the majority of, if not all of the essential merchant-related features that are ready to use.

Payment Options

If you plan on making a profit from paid online courses, you may want to connect your Thinkific account with one of the two payment services that are tightly connected to the platform. Stripe and PayPal are usually required to process transactions of your learners. Does Thinkific Have Transaction Fees

We’re all aware of the basics of what PayPal is and how it operates since it’s one of the most common payment methods in the world. But if you’re not familiar with the process, PayPal is where you pay for products by transferring a portion of your balance to the retailer you’re purchasing from.

Stripe, on its own, process cashless transactions for many other e-wallet companies all over the world, which function like PayPal. Additionally, it processes debit and credit card transactions for banks across different regions.

Pricing Options for Students

Making a decision on how you’ll be able to offer the content you offer to your learning subscribers is a crucial step to marketing and sharing your content with the world. It doesn’t matter if it’s free or requires multiple payments, Thinkific offers four pricing options you can establish for students who wish to utilize it: free, one-time payment and subscription, and a monthly installment.

  • Free – This lets you give your students content free of charge. If you’re a business owner, it can be best employed as a lead generator or an additional bonus to any of your paid-for services.
  • One-time payment: You charge students a single fee for your course content. If you wish, you could also define an enrollment period for the length of time they will be able to access your learning material.
  • Subscription/membership – If you’re in charge of a membership site, this option is the best one. Students are charged recurring monthly subscription fees to gain access to all of your content. Be aware that this feature is only available in plans beginning with the Pro level.
  • Payments for monthly recurring payments – The entire cost of your course is broken down into monthly installments that are paid by the students, with no worry about financial burden for them. Like the subscription option is only available starting with the Pro plan and upwards.

If you’d like to develop different pricing options for one of your classes, you are able to accomplish this by using the “Set Additional Pricing” option.

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Other Ways to Sell Your Content

Coupons

Coupons are used to advertise your course’s content and the bundles you purchase with it. They’re available to use for all of Thinkific’s paid plans, but at the basic tier, you’re only entitled to one coupon for free. You can customize your coupons to correspond with the many services you’re able to provide – you can modify discounts, the course it will be applied to, as well as the expiration date.

Affiliate Marketing

Thinkific includes a number of features that allow you to enlist those who have been subscribed to any of your courses to become affiliates. They can be used as an additional source of assistance in promoting your content to other prospective students. In addition, they can earn commissions by posting unique promo links to your courses online.

E-mail Marketing for Business Growth and Marketing

There’s no other effective way to sell your products online than using e-mail marketing. It’s also a good idea to know that Thinkific allows integration with many third-party applications that specialize in it, including major e-mail marketing platforms such as MailChimp, AWeber, and ConvertKit. There are a variety of other marketing tools to pick from and connect to via 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 company and platform an important boost by connecting to the online growth platform Sumo along with the API tools.

Integrations

Similar to other online course platforms , and basically, any other platform on the internet, Thinkific allows for seamless integration with a wide range of third-party online services and tools that offer a better user experience for both the student and instructor.

Thinkific App Store

The Thinkific App Store is a recent addition to a long list of features available on the platform. Integrations with third party solutions as well as services now available to be easily downloaded and utilized via the comprehensive app library. This is an enormous improvement in the way that integrations are handled compared to back then when they had to be handled by going through the settings. This feature is available in all of Thinkific’s plans and each app on the store is available for free however certain apps require a monthly subscription while others provide services that are totally free.

Automation Services

If you’re an edupreneur with an educational account that is paid for it’s equally crucial to get access to tools built to automate all your tasks – and connect to many more third-party software platforms at same simultaneously. One such tool that lets you automate with ease is Zapier. Zapier offers two key functions that are helpful in managing your account as well as your courses. Triggers is available in both the Basic or Pro plans. Additionally it is able to perform simple tasks on your behalf like adding people who signed up to take one of your classes to your mailing list.

The “Actions” feature, on the other hand is packed with additional features that it has to offer however it is limited by the Pro + Growth and Premier plans. In addition to Zapier, there is also InfusionSoft that lets you automatize all of your marketing and sales tasks. InfusionSoft is an automation tool that is well-known for small companies that might not have enough employees and team members take care of marketing-related issues. Does Thinkific Have Transaction Fees

Analytics

A variety of analytical tools is an effective method to gain insight about how your products are received, inspiring you to continue, discontinue, or improve the quality of your services. Thinkific allows you to integrate with third-party applications that concentrate on gathering data. One popular app is Mixpanel that comes with advanced tools that not only measure your performance, but analyze student traffic between classes.

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Segment.io is another highly sought-after platform that allows you to send information in real time to other marketing and data analytics services such as SalesForce, HubSpot, ZenDesk and many other services. When it comes to offering accurate and data-driven analytics, Google Analytics ranks number first on the web. Because it’s an essential component of online selling It is easily connected to the Thinkific account by entering the Tracking ID. Additionally, if you want to distribute your course’s content through social media, particularly on the most used social media platform Facebook You can accomplish this by integrating with Facebook Pixel.

Student Assistance and Student Success

Analytics, E-commerce, and automation aside, Thinkific can easily connect with several apps designed to help students succeed. Accredible, as mentioned previously is used to issue completion certificates and manage credentials, but it is only available in plans called Pro or Premier packages. Brillium can help you broaden the possibilities of your exams, and Disqus helps provide a platform for teacher-student interactions.

E-commerce Solutions

If a payment made through Stripe ever gets into trouble, for example, getting your card declined, Stunning is there to help you out of any issue with the transaction. Taxes are inevitable when it comes to running an online course business. Some platforms will help you with that easily by offering tax-free services, like Quaderno.

Customer Support and Help Customer Support and Help

Thinkific offers a decent variety of customer service platforms that you can approach anytime you require assistance. The customer support hotline is accessible via telephone or e-mail, with priority support to admin users registered to the Pro plan or higher. However, reaching out to an expert isn’t possible in the sense that the hotline is only open between Monday and Friday. There’s no mention of live chat support either. Does Thinkific Have Transaction Fees

Despite the lack of direct support options, Thinkific has a help and training center that contains information specifically designed to assist aspiring entrepreneurs in the process of establishing and managing an administrator account. Included is a free course that helps newbies design, promote and sell their services as effectively as possible.

Alternatives to Thinkific

  1. Teachable. If you’re more focused on selling and distributing your paid online courses to a wider audience, Teachable has similar features as Thinkific and more, like fast access via the mobile app Teachable Payment, and an integrated e-mail marketing tool. It offers four plans starting including the most basic one, which costs 10 dollars less than Thinkific’s plan, however, they could charge higher transaction costs.
  2. Kajabi. Kajabi is a more suitable LMS platform for established business, offering the ability to customize options twice as extensive as other competitors. Additionally, it offers much more sophisticated features that can meet big business needs. In addition, Kajabi is also among the most expensive sites, with prices starting from $119/month and no available free option.
  3. Podia. Podia is the latest addition to the lineup of online courses platforms, offering decent, but achievable features at a similarly affordable price as Thinkific. The only thing that some people don’t like yet about Podia is the lack of tools for customization and customer assistance options, but this is reasonable considering that the majority of features will be in the near future.
  4. Udemy. If you’re looking at another LMS option that’s especially great for instructors with no experience You might want to take a look at Udemy that is billed as the world’s largest marketplace for courses with more than 42,000 content creators and 30 million learners. Although you can enjoy most of the essential functions, including unlimited courses that are completely free, expect much higher transaction costs in the future. Does Thinkific Have Transaction Fees

What We Like About Thinkific

  • Exceptionally great pricing plans. Starting with the Basic plan as low as $39 per month, any of the 3 plans comes with plenty of functions for a variety of requirements of entrepreneurs.
  • 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 efficient customizable options for customization. You have the power to select from a wide range of templates, themes and lesson formats, and personalize each of them to your liking.
  • A wider range of student payment options. Not only do you have the option to provide a one-time payment for your student audiences, but you also get to choose the option of monthly membership or payments in order to help them maximize the value of what you offer.
  • Integrations that are faster and more accessible to third-party platforms. With the introduction of Thinkific App Store Thinkific App Store integrations with third-party online stores analysis, automation and educational web platforms haven’t been so easy.
  • Smooth user interface. Thinkific’s web interface is swift in its performance, from playback of media to the course and site builders.

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What we don’t like about Thinkific

  • There is no live chat support. While phone support is a welcoming option, Thinkific is quite lacking in the sense of providing a live chat support option where users could talk directly to an expert on things that are related to the platform.
  • It is difficult to add code snippets into courses. If you’re an expert at programming and coding and would like to make use of Thinkfic to create your courses, it’d be better not test this method.
  • Insufficient integrations built-in. Thinkific does not have built-in e-mail marketing and sales funnel integrations, although you can get the same solutions through third-party applications that offer these services.
  • The absence of tools to help with the continuing education credit. Thinkific could offer various kinds of certificates and credentials at each end of the course, but it does not provide enough functionality to make one that is linked to the continuation of future lessons. Does Thinkific Have Transaction Fees

Conclusion

If you’re ready to enter in the world of entrepreneurs, or to expand your reach to new heights You should try giving Thinkific the chance! The LMS Platform has taken significant steps to accommodate people who are interested in exploring courses with the most effective features that other platforms don’t normally offer. It’s also amazing that you won’t have to worry about transaction fee upon transaction fee blocking your path.

Coursemaking, in all its forms, is a huge investment that can significantly impact your career over the long run. What Thinkifc stands out from the rest is the Free plan that it offers. Although it’s not as extensive as other plans, it has enough tools to allow novices to try the waters and determine if it’s the right choice for their needs. It’s also risk-free so if you’d like to test the Free plan, you may visit the official website of Thinkific!

FAQ Does Thinkific Have Transaction Fees

Does Thinkific have a free plan?

Yes, it does! Thinkific has a beginner-friendly Free plan that gives you access to its core features, including customer support as well as the course editor. However, it will only allow one free course. If you wish to create unlimited courses, you can try the three other plans, which are paid.

Does Thinkific require transaction charges? And does it charge a percentage of my earnings?

No! There aren’t any transaction costs involved with all of Thinkific’s plans aside from those related to payment options. Also, Thinkific doesn’t take a significant cut from your earnings since Thinkific makes most of its money from the paid plans.

Does Thinkific be integrated with Zoom?

Integration with the messaging service Zoom is now available on Thinkific in the middle of 2020. This is particularly useful for powering Live Lessons, which also is one of the LMS platform’s latest features. Take note that these features are only available in the Pro plan and upwards.

Does Thinkific mobile-friendly?

Yes. Even though it does not have a dedicated mobile app, the Thinkific interface can easily be modified to make it more appropriate for mobile, phone-friendly use on mobile browsers, like Safari, with most of the features that are available on the web version. Does Thinkific Have Transaction Fees

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