Thinkific Annual Revenue

thinkific-review

The Internet is rich in information. There are millions of platforms on the internet that offer everything you could be interested about. What better way to explore it than through online courses? Online courses are in vogue these times. And with its popularity rising even further thanks to the recent pandemic lockdown This format is becoming more and more valuable in providing students with the knowledge they require. It’s also become more profitable financially, since the market for paid-for courses is slowly gaining traction.

Today, we’ll do a review on Thinkfic which is a household name in the field of online courses. Let’s look at the features it offers, from the prices and features to integrations and interaction. In the end, we’ll inform you if this is worth a try or not. Should you be an educator, or an influencer seeking new ways to share your content, read on!

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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’s Thinkific? Thinkific Annual Revenue

Thinkfic can be described as a popular LMS (learning management system) platform that is focused on providing a scalable and fruitful education-based environment for the learner as well as the instructor. It’s a good choice for entrepreneurs and companies that specialize in the sale of online courses. With Thinkific, you get to develop courses using a variety of formats, templates and lesson styles to pick from. You can incorporate videos or images into your lessons and let students upload their assignments whenever you like, design fun and interactive quizzes, and even award certificates to to those who made the grade through the entire curriculum.

Putting your online classes up for sale is now simple. Thinkific allows burgeoning edupreneurs like you to control the way they are accessible. You can place your courses online free of charge or even set up subscriptions so you can earn from teaching your students with valuable knowledge. Marketing and sharing tools are also available since they can be integrated with a range of third-party solutions that range from automation to marketing and even to eCommerce. Thinkific is used by more than 36,000 entrepreneurs and corporations, which includes big names such as Hootsuite, Samsung, Intuit, and more!

Thinkific: The Pricing

Thinkific offers four pricing plans, starting with the free tier, which is perfect for those who are just beginning to learn about. The Basic plan at $39/month (if it is paid every year) is a significant leap from the free plan that comes with more features, and Premiere includes the tools, integrations and features of all the previous levels with a monthly cost of $399.

The Pro plan for $79/month offers all the features that entrepreneurs need In addition, there is a Growth add-on package for a more enriched teaching experience at only $50 per month on top of the Pro tier. A free SSL certificate is provided with all four plans to provide additional security between students and teachers. A 30-day guarantee on refunds is included in the paid plans – if you aren’t satisfied you’ll receive your money back in 100 percent!

Thinkific Site Builder

Thinkific’s Site Builder is a web editor that lets you build a beautiful, professional-looking set of pages for your course site. With this feature, you are able the option of choosing from one of the three themes in the in-house library or export themes from third-party vendors. Although you’re not able to have complete control of editing your site, you have a variety of options to customize your site to explore. In addition to using page templates, you may also incorporate your unique branding elements, like logos and design assets images, photos, and other types of media on your site. You could even personalize the URL to match your own! Thinkific Annual Revenue

Who needs a website domain when Thinkific lets you build your own without cost? You’re not only provided with a platform to create a platform that you call your own. You’re also given the time to concentrate on the launch and making money from your course content. Through the Site Builder program, you have the opportunity to create your own pages you can create for your website including:

  • The homepage;
  • The landing page where everything is redirected to your course;
  • The page of course that allows students to choose from any of your courses;
  • The sales and check-out pages where transactions are being processed
  • The sign-in page for students who are subscribers to sign in.
  • The Thank You Page; and
  • Other pages, for instance,
    • The dashboard of students for student information,
    • The Coming Soon page will provide future course updates, as well as
    • The page for student certificates.

Thinkific Annual Revenue

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Additionally, you may also set up what the site will look like other than the usual desktop screen. There is a mobile option that allows your students to access and interact with your services using their phones, however, it’s important to remember that this option is limited to admin users subscribing to the highest-priced plans

Students Management, Interactions and Student Engagement

Thinkific’s unique system helps edupreneurs like you manage a strong connection with students that are testing any of your products. Its data collection even allows users to have access to all of your students’ primary contact information once they’re connected to the system. In addition to the easy managing of data, Thinkific also comes with an option for groups that makes it possible for you to increase revenues and efficiently track your courses’ effectiveness by organizing your learners into groups by group, company and time, as well as enrollment and the type of job.

The management aspect apart, Thinkific also makes it easier to manage interactions between students and teachers without the burden of logging onto social platforms such as Facebook or Discord. The 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 a great method for you and your customers to be informed each time something related to your course occurs. You can control the way your students receive notifications in the settings for your administrator. You may choose to send your students information about their progress on the particular course at a time whenever they complete it, and each time a student comments under an article discussion and so on. Thinkific Annual Revenue

Online Courses, Lessons and Credentials

The process of creating courses has been made easy as ever thanks to Thinkific’s unique online course editor supplies edupreneurs with an array of templates and lessons in addition to the flexibility of customization options we previously mentioned. They also offer credential and certificate tools that can be awarded to those who completed your courses.

Course Templates

Thinkific has a broad selection of course templates that you can choose from without the need to worry about building from the ground from scratch. Each one of them can be customized and you can make one to fit the curriculum you want to provide.

1. Flagship Course Template

The most popular course is an online course that concentrates on the instructor’s chosen field of knowledge. You can create an enhanced curriculum that is that is based on the area you are an expert in. If you are an expert in creating content You can create a flagship course packed with details about the subject.

2. Mini-Course Template

Mini-courses are short, low-cost versions of the most expensive course. Imagine it as the equivalent of a teaser, if one are planning to. The mini-course templates are designed to draw students’ attention and create leads to your full-fledged courses.

3. Template for Pre-Sell

The pre-sell template is an excellent method to determine how well you’re getting your message noticed before it’s published. You can create the landing page for your course to see if your target group is interested enough to test it for them.

4. Digital Download Template

Digital download templates allows you to make a course that is downloadable following the time your audience, for instance opts in to your email list. This is an effective method to increase leads and generate revenue if you wish to expand your reach.

5. Webinar Replay

A webinar recording template allows users to post a recorded replay of your web seminar for your audience to review or go back to if they missed it.

6. Blank Template

If you’d like to create an entirely custom-designed course you can use the option of a blank template so that you can start fresh. You can select from a wide range of lesson styles, tips and tools that will aid you in making the most of your detailed course.

7. Membership Resource Library

The membership resource template allows you to upload useful learning material that is included as a bonus. This useful feature is available when you manage a membership or 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 provides instructors and mentors a broad selection of lessons, all of which is adjustable for every topic possible, from the chapter’s title to the information and files that are ready to input.

Video Lessons

Video lessons are one of the most effective ways for students to master. Thinkific supports as many video formats as possible including MP4 FLV, MP4, and even MOV files. Once uploaded and integrated into the course plan, the videos are automatically saved to the Video Library, where they are able to be used in subsequent courses.

Quiz Lessons

This lets you add in questions by entering the questions that the students will see and then providing the answers for them to choose from. This template for quiz chapters is in multiple choice form which allows you to pick if you wish to include one or several correct answers.

Multimedia Lessons

Multimedia chapters allow you to link out to various streams of content beyond Thinkific. You can incorporate a lot of them, from the webinar tools like Zoom to the surveys and presentations, and even Google Docs documents. You also have the option of integrating other third-party creators of courses like Articulate Storyline and Adobe Captivate however, this is only restricted to pricing plans like the Pro as well as Premiere pricing plans.

Text Lessons

The text lesson chapter doesn’t just allow you to type in text characters. It also lets you include images, audio as well as downloadable files. There are even embedded links to YouTube videos. Thinkific Annual Revenue

Survey Lessons

Thinkific’s specially built-in survey forms permit your students to fill with their ideas, feedback or other ideas into the analyzed data for you to view. You may add in this chapter either during or following the course. Three options are for you to pick from like scale-based, rating-based or surveys based on responses.

Downloadable Lessons

This chapter is where you may upload zip files, PDFs, audio-visual files, etc. for students to download within the course player so they could have an accessible course-related guide to follow through.

PDF Lessons

In addition to downloadable files, they may also be uploaded to your students to view within the course. It is possible to incorporate PDF files, and then transform them into accessible lessons that students can access without having to download and bring them to take them home.

Presentation Lessons

Thinkific uses in-house tools to let you upload and showcase your slide presentations – in PDF form for your students in the course. It is possible to include an option to download the slides for students to use during their free time, and an audio-over option which you could record on each slide.

Audio Lessons

With Thinkific it is possible to put in videos, presentations, and PDF documents among other things. You may also opt for the audio chapters by uploading files like MP3, to any of your courses for students to listen to.

Assignment Lessons

Chapters for assignment lessons let teachers just like students submit student work such as projects, reports as well as essays written by students and more. Note that this chapter type is only available in certain plans starting from to the Professional plan.

Brillium Exam Lessons

Exam chapters allow you to pick from a greater selection of types of questions than the typical multiple choice option, such as filling with blanks. You may also branch out to succeeding questions using the answers to previous ones, and get detailed information on your report. All this is only made possible through integration with Brillium which is limited to the most expensive plans that start from the Premiere tier.

Live Lessons

A live-laughter option for chapters has recently been introduced to Course Builder. As this feature is in beta mode, anticipate some limitations in terms of performance. In addition, the live feature can be a fantastic method for instructors to communicate the latest information to their students in real-time.

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Credentials and certificates

Only available for The Pro plan and up You can issue completion certificates and other certificates to your students who have completed your course on Thinkific. This is made much more possible with its integration with credential specialist Accredible. There is a chance that you will come across a template for your certificate that is Thinkific-themed, which can look rather boring. This is the reason why Accredible is a must by combining tools and editing capabilities on both platforms, you can choose the ability to alter how your certificates to look design-wise including the borders and the text.

Other Useful Course Builder Features

This Bulk Importer feature allows you to upload as much files you would like to upload to your course in one go. As opposed to having to upload each individually it gives you more time to prepare and work on other things and is especially useful for educators who are very busy.

The Drip Scheduler On the other hand, lets you to schedule your course lessons at a specific time and date. This feature can be useful to keep your students fully engaged and balanced in the storage of data.

Payment, Selling, and Marketing

The idea of marketing as well as selling the product or service to your market can be more challenging to take in the absence of sufficient tools to get going. There are many options to choose from. LMS platforms, like Thinkific are equipped with the majority of, if not all of the most essential features related to merchants that are ready to use.

Payment Options

If you plan on making money from paid online courses, it is possible to link your Thinkific account with one or both of these payment services that are tightly connected to the platform. Stripe along with PayPal are usually required to process transactions from your learners. Thinkific Annual Revenue

We’re aware of the basics of what PayPal does and the way it operates because it’s among the most popular payment methods used around the globe. If you’re not up to speed, PayPal is where you pay for goods through the transfer of a percentage of your balance to the retailer you’re purchasing from.

Stripe On the other hand, processes cashless transactions for many other e-wallet providers around the world that work like PayPal. It also processes credit and debit card transactions at banks in different locations.

Student Pricing Options

Making a decision on how you’re going to sell the content you offer to your learning subscribers is a crucial step to marketing and sharing your content with the world. Whether it is free or requires multiple payments, Thinkific offers four pricing options you can set up for the students that wish to take advantage of it such as free, one-time payment and subscription, and a monthly installment.

  • Free – This allows you to provide your students with content at no cost. If you’re running a company this could be employed as a lead generator or a bonus feature to your paid-for services.
  • One-time payment – You charge students one-time fees for the course material. If you wish, you could also define an enrollment duration for how long they can access your learning materials.
  • Subscription/membership – If you’re in charge of a membership site, this option is the best one. Students pay monthly fees to have access to all of your content. Be aware that this feature is only available for plans beginning with the Pro level.
  • Monthly payment : The entire cost of your program is split into monthly installments to be paid by students, preferably without having to worry about financial burden on their own. The option, similar to the subscription model is only available through the Pro plan and up.

If you want to design different pricing options for the courses you offer, then you can 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 the content of your courses along with the bundles that accompany it. They’re available to use for all of Thinkific’s paid plans, but in the Basic tier you’re limited to one free coupon. You may customize your coupons to match appropriately with how many services you’re able to provide You are able to alter discounts, which course it will be applied to, and the expiry date.

Affiliate Marketing

Thinkific offers a few options that let you invite those who have registered to any of your courses as affiliates. They provide additional assistance as they promote your content to other prospective students. They also earn commissions by sharing unique promotional links to your online courses.

E-mail Marketing and Business Growth

There’s no more effective method to sell your products online than e-mail marketing. It’s also a good idea to know that Thinkific allows integration with plenty of third-party tools that specialize in it and include major e-mail-marketing platforms such as MailChimp, AWeber, and ConvertKit. There are a variety of other marketing platforms to choose from and connect to via Thinkific’s App Store that we’ll discuss very shortly. This isn’t all, as Thinkific also allows you to take advantage of giving your company and platform an important boost through the growth platform on the internet Sumo as well as the API Tool.

Integrations

Like other online course platforms , and, essentially, any other platform on the internet, Thinkific allows for seamless integrations with a variety of third-party online services and tools, all of which give a better experience for both 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 with third-party solutions or services have been made accessible to be easily downloaded and utilized through the extensive app library. This is an enormous improvement in the way that integrations are handled compared to earlier when integrations had to be done by navigating through the settings. This feature is included across all plans of Thinkific and each app on the store is free to use however some require a monthly subscription while others provide services that are free of charge.

Automation Services

If you’re an edupreneur with a paid teaching account, it’s just as crucial to get access to tools built to automate all your tasks – and connect to many more third-party software platforms at the same time. One such service that lets you easily automate tasks is Zapier. Zapier comes with two major features that are useful in managing your account as well as your courses. The ‘Triggers’ feature is part of Zapier’s Basic and Pro plans. Additionally it is able to perform simple tasks for you, such as adding anyone who has signed up for one of your courses to your email list.

The “Actions” feature, in contrast is packed with additional features that it has to offer but is only limited only to Pro + Growth and Premier plans. Alongside Zapier, you can also use InfusionSoft that lets you automate all your marketing and sales functions. InfusionSoft is an automation tool that is well-known for small-sized businesses who may not have enough staff and team members handle marketing-related matters. Thinkific Annual Revenue

Analytics

A variety of analytics tools is a sound way of gaining insights about how your products are received, inspiring you to keep, discontinue, or improve them. Thinkific allows integration with third-party tools that focus on collecting data. One of the most popular apps is Mixpanel, which contains advanced tools that do more than just count your performance, but analyse student activity between your courses.

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Segment.io is another highly sought-after platform that lets you send data in real-time to and from other data analytics and marketing services like SalesForce, HubSpot, ZenDesk and other services. When it comes to providing accurate and data-driven analysis, Google Analytics ranks number one on the internet. As it’s an essential part of online sales It is easily linked to Your Thinkific account by entering the tracking ID. If you wish to spread the content of your online courses through social media, particularly on the most popular social platform Facebook You can accomplish this by integrating with Facebook Pixel.

Student Assistance and Student Success

E-commerce, analytics in addition to automation, Thinkific can easily connect with a couple of apps geared towards student success. Accredible, which was mentioned earlier can be used to issue completion certificates and manage credentials, but it is only available on the Pro or Premier packages. Brillium allows you to expand the options for your examination, while Disqus helps provide a platform to facilitate student-teacher interactions.

E-commerce Solutions

If a Stripe-powered payment ever comes in trouble, like being declined by your card, Stunning is there to rescue it from any potential transactional failure. Taxes will be inevitable when running an online course in business. Thankfully some platforms can help you with that easily like Quaderno.

Customer Service and Support Customer Support and Help

Thinkific offers a broad variety of customer service platforms that you can reach anytime you require assistance. Its customer support hotline is accessible via e-mail or phone, with priority assistance to admin users on the Pro plan up to. However, getting in touch with an expert isn’t possible in terms of time, since the hotline is only open on Mondays through Fridays. There’s no mention that live chat is available either. Thinkific Annual Revenue

In spite of the absence of support options directly available, Thinkific has a help and training center, with resources specifically designed to assist aspiring entrepreneurs in establishing and running an administrator account. Included is a free course that helps newbies design, promote and sell their services in the most efficient way possible.

Alternatives to Thinkific

  1. Teachable. If you’re focused on selling and distributing your paid online courses to a wider public, Teachable has similar features like Thinkific and more, like fast access via the mobile application, Teachable Payment and a built-in e-mail marketing tool. It offers four plans that start which include the base plan, which is just $10 more than Thinkific’s but they may charge you higher transaction costs.
  2. Kajabi. Kajabi is a better LMS platform for established business, offering customization options twice as wide as the other options. Additionally it comes with more sophisticated features that meet the needs of large businesses. Apart from that, Kajabi is also among the most costly sites that cost as low as $119/month , and there is no free plan.
  3. Podia. Podia is the most recent update to the range of online course platforms with some decent features at a similarly affordable price as Thinkific. One thing people aren’t happy with yet about Podia is its lack of customizing tools and support options, but that’s understandable since most of them may be available soon.
  4. Udemy. If you’re thinking about an alternative LMS option that’s particularly beneficial for instructors with no experience You might want to look into Udemy that is billed as the biggest course marketplace with over 42,000 content creators and over 30 million users. While you may get to benefit from the majority of Udemy’s essential functions, including unlimited courses for free, expect higher transaction fees on the way. Thinkific Annual Revenue

What We Love About Thinkific

  • Fantastic pricing plans. Starting from the Basic plan as low as $39 a month, every one of three levels comes with a variety of useful features to meet a range of requirements of entrepreneurs.
  • Zero transaction fees. In contrast to LMS platforms that charge higher fees for transactions, Thinkific lets you enjoy all its features without having to think about it.
  • Flexible and easy customizable options for customization. You are able to select from a wide range of templates, themes, and lesson types, and then customize each one of them to your liking.
  • A wider range of student payment options. Not only do you have the option to offer a one-time payment for your student audiences as well as to choose the option of monthly membership or payments to encourage them to make the most of what you offer.
  • More accessible and faster integrations with third-party platforms. With the recent introduction of Thinkific App Store Thinkific App Store integrations with third-party online stores, analysis, automation, as well as educational websites haven’t been this easy.
  • Smooth user interface. Thinkific’s web interface is swift in performance, from media playback , to the course and website builders.

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What we don’t like about Thinkific

  • Live chat is not available. Although phone support is a welcoming feature, Thinkific is quite lacking in terms of offering a live chat support option that allows users to talk directly with an expert about things that are related to the platform.
  • The difficulty of adding code-related snippets to courses. When you’re an experienced at programming and coding and would like to use Thinkfic to build your courses, it’d be much better to not attempt this.
  • Lack of some built-in integrations. Thinkific does not have integrated e-mail marketing or sales funnel integrations. However, you can access the same solutions through third-party applications that offer them.
  • Lack of tools related to the continuing education credit. Thinkific could offer various kinds of certificates and certifications at the end of each course however, it doesn’t provide enough functionality to make one that allows for continuing to succeeding lessons. Thinkific Annual Revenue

Conclusion

If you’re eager to venture to the world of Edupreneurs, or expand your reach to higher levels You should give Thinkific a try! This LMS system has made huge steps to cater to users who wish to experiment with creating courses using the top features other platforms don’t typically offer. The best part is that you don’t have to worry too much about transaction fee upon transaction fee that impedes your progress.

Coursemaking, as a whole is a major investment that could seriously impact your career in the long run. What Thinkifc stands out from other courses is its Free plan offering. While limited as can be however, it comes with enough features to give novices to try the waters and see whether it’s a good choice for their needs. It’s also risk free, therefore if you’d like to try out it for yourself, go ahead! Free plan, you may check out Thinkific’s official site!

FAQ Thinkific Annual Revenue

Does Thinkific offer a no-cost plan?

Yes, it is! Thinkific offers a beginner-friendly plan that gives you access to the main features like customer support and the course editor. However, it is limited to only one course for free. If you want the ability to make unlimited classes, you may try out the other three plans, which cost a fee.

Does Thinkific require transaction charges? And does it make a portion of my sales that I earn?

No! There are no transaction fees associated with the plans offered by Thinkific except for those associated with payment options. Also, Thinkific doesn’t take a significant amount of your income since Thinkific makes most of its money from the paid plans.

Does Thinkific be integrated with Zoom?

Yes , integration with the messaging service Zoom has been made available on Thinkific from mid-2020. This will be particularly helpful for powering Live Lessons, which also happens to be the LMS platform’s latest features. Be aware, however, that they are only available on the Pro plan and up.

Does Thinkific mobile-friendly?

Yes. Although it doesn’t have an app specifically designed for mobile however, the Thinkific interface is easily modified to make it more suitable for portable, phone-friendly use on mobile browsers, such as Safari with many of the features that are available on the web version. Thinkific Annual Revenue

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