Is Thinkific Stock A Good Buy

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The Internet is a treasure trove of information. There are millions of websites online that provide all the things you might be interested about. What better way to explore it than with online courses? Online courses are in vogue these times. With its popularity growing more due to the recent pandemic lockdown This format is becoming more and more valuable in providing users with the information they need. It’s also becoming more valuable financially, as the market for paid courses is gradually gaining momentum.

Today, we’ll present an overview of Thinkfic is a well-known brand for online classes. Let’s take a look at the features it offers including price and features to the integrations and interactions. In the end, we’ll inform you if this is worth a try or not. Should you be an educator or influencer looking for alternative methods 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. Do check out our article below, however, because it has a comprehensive overview of Thinkific.

Overview: What is Thinkific? Is Thinkific Stock A Good Buy

Thinkfic is a popular LMS (learning management system) platform which focuses on providing an accessible and fruitful education-based environment for the learner as well as the instructor. It’s a solid choice among entrepreneurs and companies that specialize in selling online classes. With Thinkific you can make courses that include a wide variety of formats, templates, and lesson formats to pick from. You can integrate videos or images into your lessons and let students upload their assignments as often as you wish, make fun and interactive quizzes and even issue certificates to to those who make it through the entire course.

Making your online courses available for sale has been made easy. Thinkific allows budding edupreneurs such as you to control how their courses are accessed – you may put your courses up at no cost or establish subscription fees that allow you to earn money by providing your students with useful knowledge. Tools for sharing and marketing are also accessible as they can be integrated with a wide range of third-party solutions, from marketing to automation and even to online shopping. Thinkific is used by more than 36,000 entrepreneurs and businesses, including big-name companies like Hootsuite, Samsung, Intuit and many more!

Thinkific: The Pricing

Thinkific has four pricing plans that start with the Free plan, which is perfect for those who are just beginning their journey. The Basic plan, which costs $39 per month (if it is paid every year) is a big jump from the free plan that comes with more features, and Premiere is packed with tools and integrations from all previous tiers combined with a monthly cost of $399.

The Pro plan at $79/month includes all the essential functions that any business owner will require and more. There is an Growth add-on for a more enriched education at just $50 per month, on top of the Pro tier. Free SSL certificate is provided in all plans to guarantee security between students and teachers. A 30-day refund guarantee is also provided with the paid plans – if you’re not happy you’ll receive your money back in 100%!

Thinkific Site Builder

The Site Builder from Thinkific is a page editor that allows you to set up an attractive, professional-looking collection of pages for your course website. With this feature, you are able the option of choosing from one of the three themes in the in-house library or export ones from third-party suppliers. Although you’re not able to have complete control of editing your website, you get a wide array of customizable options to play around with. Apart from making use of templates for your pages, you can also incorporate your unique branding elements, such as logos and design assets images, photos, and other media types to your site. You can even modify it to fit your specific URL! Is Thinkific Stock A Good Buy

What’s the need for a domain name when Thinkific lets you create yours at no additional cost? You’re not only given the opportunity to create a platform that which you can use to create your own. Additionally, you’ll have the time to concentrate on launching your course and earning a profit through your course content. The Site Builder allows you’ll have the opportunity to create with a variety of page options for your site including:

  • The homepage;
  • The landing page on which everything redirects you to your courses;
  • The page on courses which allows students to select from any of your courses;
  • The sales and check-out pages on which transactions are processed
  • The sign-in page is for your subscriber students to log into;
  • The thank you page; and
  • Other pages, for instance,
    • The student dashboard , which contains student information,
    • The coming soon page is for future course updates, as well as
    • The page for student certificates.

Is Thinkific Stock A Good Buy

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In addition, you can set up what the site will appear like, aside from the usual desktop screen. There is a mobile option that allows your students to view and interact with your service using their phones, however, it’s important to note that this feature is only restricted to administrators who subscribe to the most expensive plans.

Student Management and Interactions

The unique system of Thinkific lets educators like you manage a strong relationship with the students who are experimenting with the products you offer. The system’s data collection feature allows users to have access to all of your students’ contact information when they’re registered in the system. Apart from the convenient data management features, Thinkific also has an option for groups that makes it possible for you to boost the revenue of your business and evaluate the success of your classes by organizing your learners into groups by cohort, company and time, as well as enrollment and job type.

Everything else left aside Thinkific also makes it easy for you to manage teacher-student interactions without the stress of using social platforms such as Facebook or Discord. Built-in Discussion feature lets each other discuss the specifics of any of your classes The Communities and Spaces functions provide a platform to create communities that are specifically designed for different themes and topics.

Notifications

Notifications are an excellent way for you and your subscribers to be informed each time something course-related comes up. You may configure the manner in which your students be notified in your admin settings. You may choose to send students updates on their progress in the particular course at the time they finish the course, and every time a fellow student posts a comment under a discussion post and so on. Is Thinkific Stock A Good Buy

Learn online, take classes and Credentials

Creating courses has been made easy as ever because Thinkific’s online course editor can provide educators with an array of lesson plans and templates in addition to the flexibility of customization options we previously mentioned. They also offer credentialing and certificate tools that can be awarded to those who completed your courses.

Course Templates

Thinkific has a wide array of course templates you can utilize without worrying about creating from scratch up. Each of these is customizable, and you can make one based on the curriculum you wish to offer.

1. Flagship Course Template

The flagship course is an online course that concentrates on the instructor’s chosen field of specialization. You can create an enriched curriculum depending on what you specialize in. If you’re an expert in, say the creation of content, you may make a flagship course with details about it.

2. Mini-Course Template

Mini-courses are the shortest, most affordable versions of the most expensive course. Think of it as an introduction, if you will. The mini-course template was created to draw in students and generate leads for your fully-fledged courses.

3. Template for Pre-Sell

The pre-sell template can be a fantastic method to determine how well your course is received before it’s completed. You can create a landing page linked to your course to test if your targeted audience likes it enough to try it out for themselves.

4. Digital Download Template

This template for digital download lets you create a downloadable course after your audience, say, subscribes to the mailing lists you have created. This is an effective method to generate leads and revenue in the event that you would like to expand your reach.

5. Webinar Replay

This template for webinars lets you to upload a recorded replay of your web seminar to your viewers to go through or catch up if they missed it.

6. Blank Template

If you wish to create a fully customized course There is the option of a blank template so that you can start from scratch. You can choose from a wide range of lessons, techniques and tools that will assist you in the process of making your detail-rich course.

7. Membership Resource Library

The membership resource template allows you to upload educational materials , which are offered as an extra. This handy feature is accessible in the event that you have a membership/course bundle.

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Lessons of Various Types

There are 12 kinds of lessons or chapters that you can choose from. The Course Builder provides instructors and instructors with a vast variety of lessons, each one of which can be adjusted to each topic that is possible, starting from the chapter’s title to the files and information that are ready to input.

Video Lessons

Video lesson chapters are just an effective ways for students to gain knowledge. Thinkific supports as many video formats as possible including MP4 FLV, MP4, and even MOV files. Once uploaded and incorporated into the course plan, the videos are automatically stored in the Video Library, where they can be reused in subsequent classes.

Quiz Lessons

This allows you to include quiz elements by typing in the questions students will see and providing the answers for them to choose from. The quiz chapter template is entirely in multiple choice form and allows you to choose whether you want to have one or multiple correct answers.

Multimedia Lessons

Multimedia chapters let you link out to various streams of information that are not available through Thinkific. You can incorporate a lot of these, from the tools for webinars like Zoom to the surveys and presentations, and even Google Docs files. There is also the option of integrating with other third-party course creators like Articulate Storyline and Adobe Captivate However, that option is limited in the Pro or Premiere pricing plans.

Text Lessons

The template for the text-based lesson doesn’t only allow you to type text characters. It lets you include audio, images downloads, files that can be downloaded, and even embedded links that will take you to YouTube videos. Is Thinkific Stock A Good Buy

Survey Lessons

Thinkific’s specially built-in 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 either during or following the course. There are three options available for you to pick from including scale-based, rating-based or surveys based on responses.

Downloadable Lessons

This chapter is where you may upload zip files, PDFs, audio-visual files and more. for your students to download in the course player so they can have a readily accessible guides for the course to follow.

PDF Lessons

Alongside downloadable files they can also be uploaded for your students to see within the course. It is possible to add PDF files and turn them into accessible lessons for students to access without downloading and take them to take them home.

Presentation Lessons

Thinkific uses in-house tools to allow you to upload and display your slide presentations – in PDF form to students within the course. You have the option to provide a download link for students to use during their free time and a voice-over function which you could record on each slide.

Audio Lessons

With Thinkific, you may include videos presentation, PDF, and video documents among other things. You can also add an audio-only chapter, by uploading MP3 files, like MP3, to any of your classes for students to listen to.

Assignment Lessons

Chapters on assignment help teachers such as you collect student submissions including reports, projects, written essays, and many more. Note that this type of chapter is only available in certain plans starting from The Pro Plan.

Brillium Exam Lessons

Exam chapters let you pick from a greater range of question types other than the usual multiple choice method, like filling with blanks. It is also possible to move on to more challenging questions by relying on answers from the previous ones, and also get detailed information on your report. All this is only made possible by the integration with Brillium that is restricted to the highest-scale plans starting with the Premiere level.

Live Lessons

Live lesson chapters has recently been included in the course builder. Since this is currently in beta, we can anticipate a few limits in terms of functionality. That aside, the live feature can be a fantastic way for instructors to relay relevant information to their students in real-time.

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Credentials and Certificates

Only available for the Pro plan and above You can issue completion certificates and other certificates to your students who completed your course using Thinkific. This is made much more feasible by the integration of credential specialist Accredible. There is a chance that you’ll encounter a Thinkific-themed template for certificates, which can look rather boring. This is the reason why Accredible is a must – with a combination of tools and editing features from the two platforms. You can choose the ability to alter how your certificates to appear visually starting from the borders up to the text.

Other Features of a Course Builder that are useful

This Bulk Importer feature lets you drag and drop as many files you would like to upload to your course in one go. Unlike having to upload one by one, this allows you to plan and do other tasks. It is particularly useful for educators who are very busy.

The Drip Scheduler The Drip Scheduler, on the other hand, permits you to set up your lessons to the exact date and time. This feature can be useful in keeping your student audience engaged and well-balanced in storing data.

Payment Marketing, Selling, and Payment

The idea of marketing and selling your product to your desired target audience can be much more difficult to comprehend if you’re not provided with enough tools to get things up and running. Fortunately, many LMS platforms, such as Thinkific are equipped with the majority, if not all, of the necessary features for merchants ready for use.

Payment Options

If you plan on making profits from online paid courses, you may want to connect your Thinkific account with one among the payment providers that have been closely integrated into the platform. Stripe as well as PayPal are usually required to handle transactions from your learners. Is Thinkific Stock A Good Buy

We’re aware of what PayPal does and the way it operates because it’s among the most used payment methods around the world. If you’re not up to speed, PayPal is where you purchase products by sending in a part of your balance funds to the merchant you’re buying from.

Stripe however, on its own, process cashless transactions with other e-wallet services all over the world, which function similarly to PayPal. It also processes credit and debit card transactions at banks across different regions.

Student Pricing Options

Making a decision on how you’ll sell your course content to your learning subscribers is an essential step in marketing and sharing your products with the world. It doesn’t matter if it’s cost-free or needs multiple payments, Thinkific offers four pricing options that you can establish for students who want to take advantage of it: free, one-time payment as well as membership or subscription and a monthly installment.

  • Free – This lets you give your students content for free. If you’re a business owner, it can be best employed as a lead generator or an additional bonus to your paid-for services.
  • One-time payment: You charge students a single fee for your course content. As an option, you could also define an enrollment period for the length of time they will be able to access your learning materials.
  • Subscription/membership – If you’re in charge of a membership site, this option is the best one. Students are charged recurring monthly fees to have access to all of your content. Be aware that this feature is only available in plans starting from the Pro tier.
  • Monthly payment : The entire cost of your course is divided into monthly installments to be paid by students, especially without any anxiety about a financial loss for them. Like the subscription model, is only accessible through the Pro plan and upwards.

If you’d like to develop multiple pricing scenarios for one of your classes, you are able to achieve this using the “Set additional pricing” option.

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Other Ways to Sell Your Content

Coupons

Coupons are used to advertise your course content along with the bundles that accompany it. They’re accessible to users in all of Thinkific’s paid plans, but in the Basic tier you’re limited to one coupon free. You can customize your coupons to match appropriately with how many services you can offer You are able to alter your discount rate, which course it will be applied to, as well as the expiration date.

Affiliate Marketing

Thinkific offers a few options that let you invite those who have subscribed to one of your courses to become affiliates. They can be used as an additional source of assistance in promoting your courses to prospective students. They also earn commissions simply by providing unique promotional links to your online courses.

E-mail Marketing for Business Growth and Marketing

There’s no better way to promote your products on the internet other than through e-mail marketing. Additionally, Thinkific allows integration with a variety of third-party tools that specialize in it which includes major e-mail marketing platforms like MailChimp, AWeber, and ConvertKit. There are a variety of other marketing tools to pick from and connect to via Thinkific’s App Store, which we will discuss very shortly. It doesn’t stop there, as Thinkific can also allow you to take advantage of giving your business and platform the boost they need through the online growth platform Sumo as well as the API Tool.

Integrations

Like other online courses platforms and basically, any other online platform, Thinkific allows for seamless integration with a wide range of third-party online tools and services which all give a better 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. All integrations that involve third-party software and services are now able to be easily access and utilized via the comprehensive app library. This is a huge improvement in how integrations are managed the past, when they needed to be managed via the settings. This feature is accessible across all plans of Thinkific and every app available in the store is free to use However, some require a subscription while others have services that are totally free.

Automation Services

If you’re an educator with an account for paid teaching it’s equally crucial to get access to tools designed to automate your tasks. And connect to tons more third-party software platforms at the same at the same time. One such service that lets you easily automate tasks is Zapier. Zapier has two main tools that can be useful for managing your account and course. The feature ‘Triggers’ is available in both Zapier’s Basic and Pro plans. In addition, it can do simple tasks on your behalf for example, adding those who registered 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 but is only limited only to Pro + Growth and Premier plans. Apart from Zapier, you can also use InfusionSoft which allows you to automatize all of your marketing and sales functions. InfusionSoft is a well-known automation tool for small businesses that may not have enough staff or team members to take care of marketing-related issues. Is Thinkific Stock A Good Buy

Analytics

Having a bunch of analytics tools is a good method to gain insight into how well your services are received, inspiring you to either continue either discontinuing, re-inventing, or enhance them. Thinkific allows integration with third-party applications that concentrate on gathering data. One of the most popular apps is Mixpanel, which contains advanced tools that do more than just count your performance, but analyze student traffic between your classes.

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Segment.io is another highly sought-after platform that lets you send the data instantly to data analytics and marketing services such as SalesForce, HubSpot, ZenDesk, and more. When it comes to providing accurate and data-driven analysis, Google Analytics ranks number one across the web. Since it is an integral part of online selling it is easily linked to Your Thinkific account by typing in the tracking ID. Additionally, if you wish to spread your course’s content through social media, particularly on the most popular social media platform Facebook it is possible to accomplish this by integrating using Facebook Pixel.

Student Support and Success

Analytics, E-commerce, and automation aside, Thinkific can easily connect with a couple of apps geared towards student success. Accredible, which was mentioned earlier, is used to award completion certificates and manage credentials but is only available with the Pro and Premier plans. Brillium allows you to expand the options for your examination, while Disqus provides a platform for student-teacher interactions.

E-commerce Solutions

If a payment powered by Stripe is in trouble, such as being declined by your card, Stunning is there to save it from any possible issue with the transaction. Taxes will be inevitable when it comes to running an online course business. However, some platforms can assist you out with this by offering tax-free services, like Quaderno.

Customer Support and Help Center

Thinkific offers a broad range of customer service platforms you can contact anytime you require assistance. The customer support hotline is available via telephone or e-mail, with priority support to admin users on the Pro plan up to. However, contacting an expert is not possible in a sense, as it is only accessible from Monday through Friday. There is no sign that live chat is available either. Is Thinkific Stock A Good Buy

In spite of the absence of direct support options, Thinkific has a help and training center, with resources designed to enrich the edupreneurs in the process of establishing and managing an administrator account. The course is free that helps newbies create, promote, and sell their services as effectively as possible.

Alternatives to Thinkific

  1. Teachable. If you’re focused on selling and sharing your paid online courses with a larger public, Teachable has similar features similar to Thinkific, plus more including fast access via the mobile app, Teachable Payment, and a built-in e-mail marketing tool. It has four plans, including the most basic one, which costs just $10 more than Thinkific’s but they might charge more transaction fees.
  2. Kajabi. Kajabi is a better LMS platform for any established business, offering customizable options that are twice as broad than other platforms. Additionally, it offers much more sophisticated features that can meet big business needs. Apart from that, Kajabi is also among the most costly sites and prices start at $119/month , and there is no free service.
  3. Podia. Podia is the most recent addition to the line-up of online course platforms offering decent, but achievable features for a similar cost as Thinkific. What some do not like to date with Podia is the absence of customizing tools and assistance options, but this is normal since the majority of these features are coming soon.
  4. Udemy. If you’re thinking about another LMS choice that is particularly suitable for instructors with no experience, you may want to check out Udemy, which boasts itself as the world’s largest marketplace for courses with over 42,000 content creators and 30 million students. While you may get to enjoy most of the important functions, such as unlimited courses that are completely free of charge, you can expect to pay much more transaction fees on the way. Is Thinkific Stock A Good Buy

What We Like About Thinkific

  • Fantastic pricing plans. Beginning with the Basic plan at as low as $39 a month, each of the three paid levels comes with a variety of useful options for various business needs.
  • Zero transaction fees. Contrary to other LMS platforms that charge higher transaction fees, Thinkific lets you enjoy the entire range of services offered without having to think about the expense.
  • Flexible and convenient customizable options for customization. You are able to choose from a vast array of templates, themes, and lesson types, and personalize each of them to your fullest.
  • A wider range of payment options for students. You are not only able to provide a one-time payment for your student customers and students, but you can also allow them to select the option of monthly membership or payments to motivate them to maximize the value of what you offer.
  • Integrations that are faster and more accessible to third-party platforms. The recent addition to Thinkific App Store Thinkific App Store integrations with third-party e-commerce analysis, automation or educational platforms haven’t been this easy.
  • Smooth user interface. The Thinkific web interface is quick in performance, from playback of media to the course and site builders.

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What we don’t like about Thinkific

  • No live chat support. Although phone support is a welcoming option, Thinkific is quite lacking in terms of offering a live chat support option which allows users to speak directly to an expert on issues that are related to the platform.
  • The difficulty of adding code-related snippets to the courses. If you’re an expert in programming and coding and would like to use Thinkfic to develop your courses, it’d be best not to try this out.
  • Insufficient integrations built-in. Thinkific doesn’t have built-in e-mail marketing and sales funnel integrations. However, you can access the same services from third-party apps which offer these services.
  • Insufficient tools for continuous education and credits. Thinkific may offer different kinds of certificates and credentials at each end of the course, but it does not provide enough functionality to make one related to continuing towards future lessons. Is Thinkific Stock A Good Buy

Conclusion

If you’re ready to enter into the world of edupreneurs, or to expand your reach to higher levels, you should try giving Thinkific an opportunity! The LMS system has made huge measures to make it easier for users who wish to experiment with creating courses using the top features other platforms don’t usually have. It’s also amazing that you don’t have to worry too much about transaction fee after transaction fee blocking your path.

Coursemaking, as a whole is a major investment that can significantly impact your career prospects in the long term. What sets Thinkifc apart against the other competitors is the Free plan that it offers. Although it’s not as extensive as other plans, it has enough tools to provide a way for beginners to test the waters to determine if it’s the right choice for their needs. It’s also risk-free, so if you’d like to test this plan, you can do so by signing up for the Free plan, visit the official website of Thinkific!

FAQ Is Thinkific Stock A Good Buy

Does Thinkific offer a no-cost plan?

Yes, it is! Thinkific has a beginner-friendly Free plan that includes access to the main features like customer support and the course editor, but it is limited to the creation of one complimentary course. If you wish the ability to make unlimited classes, you can test the three other plans, which cost a fee.

Do Thinkific have transaction costs? Does it also charge a percentage of my earnings?

No! There are zero transaction fees that are associated with any of Thinkific’s plans apart from the ones associated with payment options. Additionally, it does not require a substantial percentage of your earnings because Thinkific makes the majority of its money from the paid plans.

Does Thinkific integrate with Zoom?

Yes , integration with the communication service Zoom is now available on Thinkific as of the middle of 2020. This is particularly useful in powering Live Lessons, which also is the LMS platform’s most current features. Note, however, that they are only available to those who subscribe to the Pro plan and onwards.

Does Thinkific mobile-friendly?

Yes. Even though it does not have an official mobile app However, the Thinkific interface can be easily converted to be more suitable for portable, phone-friendly viewing on mobile browsers such as Safari and Opera, which includes many of the same features available in it is available on the internet version. Is Thinkific Stock A Good Buy

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