Thinkific Revenue 2021

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The Internet is a treasure trove of information. There are millions of platforms online filled with all the things you might be interested about. And what better way to do it than with online courses? Online courses are everywhere these days. In addition, as its popularity grows even more because of the recent pandemic lockdown, this format has become increasingly valuable in providing users with the information they need. It’s also becoming more profitable financially, since the market for paid-for courses is slowly gaining traction.

Today, we’ll do an analysis of Thinkfic is a well-known brand for online classes. Let’s see what it has to offer including price and features to the integrations and interaction. At the end of the day, we’ll inform you if this is worth trying or not. Should you be an educator or an influencer seeking new 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. To get a comprehensive overview of Thinkific, you may still want to check out our article below.

Overview: What’s Thinkific? Thinkific Revenue 2021

Thinkfic is a popular LMS (learning management system) platform that focuses on providing an accessible and fruitful education-based environment for the learner and instructor. It’s a solid choice among business owners and entrepreneurs who specialize in the sale of online courses. With Thinkific, you get to create courses with tons of formats, templates and lesson types to choose from. You can integrate videos and images into your lessons and let students upload their assignments as often as you wish, make fun and interactive quizzes and even give certificates to be awarded to students who have made it through the whole curriculum.

The process of putting your online classes up for sale is now easy. Thinkific lets aspiring edupreneurs like you to manage how they are accessed – you may put your courses up for free or set up subscription fees so you can earn from giving your students valuable information. Tools for sharing and marketing are also accessible since they can be integrated with a wide range of third-party services that range from automation to marketing and even to eCommerce. Thinkific is used by over 36,000 edupreneurs and enterprises, including major-name brands like Hootsuite, Samsung, Intuit, and other companies!

Thinkific The Pricing

Thinkific offers four pricing plans starting with the free tier, which is ideal for people who are just starting. The Basic plan at $39/month (if you pay annually) is a big jump from the Free plan and comes with more features, and Premiere includes features and tools from the previous plans at $399/month.

The Pro plan, which costs $79 per month, offers all the functions that any business owner will require and more. There is an Growth add-on for a more enhanced teaching experience for only $50 per month on top of the Pro tier. A free SSL certificate is offered in all four plans to guarantee protection between teachers and students. A 30-day money-back guarantee is also included along with the paid plans – if you’re not satisfied you’ll get your money back 100 percent!

Thinkific Site Builder

The Site Builder from Thinkific is a page editor that lets you set up an attractive professional looking set of pages for your course site. With this option, you have the ability the option of choosing from one of the three themes available in the program or export ones from third-party vendors. While you’re not allowed to have complete control of editing your website, you get a wide array of customizable options to experiment with. In addition to using templates for pages, you can include your own branding elements, such as designs and logos images, as well as other forms of media to your site. You could even personalize the URL to match your own! Thinkific Revenue 2021

Why do you need a domain for your website when Thinkific allows you to create one at no additional cost? In addition, you’ll be provided with a platform to create a platform that you call your own. Additionally, you’ll have the time to concentrate on launching your course and earning a profit through your course content. Through the Site Builder program, you’ll have the opportunity to create from a rich list of pages you can create for your website including:

  • The homepage;
  • The landing page where everything is redirected to your course;
  • The course page where students get to pick from any of your courses;
  • The pages for sales and checkout on which transactions are processed;
  • The sign-in page that allows your subscribers students to sign into;
  • The thank you page; and
  • Other pages, such as
    • The student dashboard for details about the student,
    • The coming soon page is for future course updates, as well as
    • The student certificate page.

Thinkific Revenue 2021

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Furthermore, you can configure what the course site will appear like, aside from the standard desktop display. The mobile version of the site that lets your students see and interact with your service via their mobile devices, however it is important to keep in mind that this option is available to administrators that subscribe to the plans with the highest price.

Students Management, Interactions and Student Engagement

The unique system of Thinkific lets educators like you build a solid relationship with the students that are testing one of your offerings. Its data collection even allows you to get full access to your students’ primary contact information when they’re connected to the system. Apart from the convenient data management features, Thinkific also has a Groups feature that allows you to boost revenue and effectively monitor the effectiveness of your courses by organizing your learners into groups based on group, company and time, as well as enrollment and the type of job.

Everything else apart, Thinkific can make it easy for you to manage teacher-student interactions without the hassle of going to social media platforms like Facebook as well as Discord. Its built-in Discussion feature lets each other talk about the details from your classes and the Communities and Spaces functions provide an opportunity to set up dedicated community forums of different themes and topics.

Notifications

Notifications are a great option for you and your customers to be informed each time an issue related to the course arises. You can set the manner in which your students receive notifications in the settings for your administrator. You may choose to send students updates on their progress in the chosen course, when they finish it, or each time a student comments under an article discussion in addition to other things. Thinkific Revenue 2021

online courses, lessons, and Credentials

Making courses is now as simple as ever, thanks to Thinkific’s unique online course editor supplies edupreneurs with a vast range of lessons and templates along with the flexibility of customization options we already mentioned. They also offer credentialing and certificate tools to be awarded to those who completed your courses.

Course Templates

Thinkific has a broad selection of templates for courses that you can choose from without having to think about creating from scratch from scratch. Each template can be customized, and you can create one that is based on the course you wish to offer.

1. Flagship Course Template

The most popular course is a major online course that concentrates on the instructor’s chosen field of specialization. It allows you to create an enhanced curriculum that is that is based on the area you are an expert in. If you’re an expert in creating content it is possible to make a flagship course with information on the subject.

2. Mini-Course Template

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

3. Template for Pre-Sell

The pre-sell template is an excellent way to see how you’re getting your message noticed prior to it’s published. It lets you put up the landing page for your course to test if your targeted users are interested enough to test it for themselves.

4. Digital Download Template

The digital download template allows you to create a downloadable course when your audience, for example is on your mailing list. This is one effective way to increase leads and generate revenue if you wish to expand your reach.

5. Webinar Replay

The webinar replay template allows 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 wish to create your own course completely customized, there is a blank template option where you can begin from scratch. You can select from a wide range of lesson types, tips and tools that will assist you in the process of making your detail-rich course.

7. Membership Resource Library

The template for membership resources lets you upload helpful learning materials that are included as a bonus. This useful feature is available when you manage a membership or course bundle.

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Different types of lessons

There are 12 types of lessons or chapters – for you to choose from. The Course Builder provides mentors and instructors a wide selection of lessons, all one of which can be adjusted to each topic that is possible, starting from the chapter’s title all the way to the files and information ready for input.

Video Lessons

Video lessons are among the best and most effective ways for students to learn. Thinkific supports all video formats feasible, including MP4 FLV, MP4 and MOV files. Once uploaded and incorporated into the course plan the videos are then stored in the Video Library, where they can be reused in future courses.

Quiz Lessons

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

Multimedia Lessons

Multimedia chapters let you link out to various streams of content outside of Thinkific. It is possible to integrate a variety of different streams, from webinar tools such as Zoom to surveys and presentations, and even Google Docs files. You also have the option of integrating with other third-party creators of courses including Articulate Storyline and Adobe Captivate However, that option is available in pricing plans like the Pro or Premiere pricing plans.

Text Lessons

The template for the text-based chapter does not 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 for YouTube videos. Thinkific Revenue 2021

Survey Lessons

Thinkific’s specially built-in survey forms permit your students to fill in their feedback, suggestions or any other information into an analysis of data for you to view. You may add in this chapter during or after the course. You have three choices available for you to pick from including scale-based, rating-based or survey-based on answers.

Downloadable Lessons

This chapter allows you to upload zip files or PDFs, audio-visual files, etc. for your students to download within the course player so they will have a the course-related information to follow.

PDF Lessons

Apart from downloadable files, they can also 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 take them home.

Presentation Lessons

Thinkific uses in-house tools to allow you to upload and showcase your slide slides – in PDF format to students within the course. There is the option to add an download link for your students to use in their own free time, and the option of a voice-over feature to record each slide.

Audio Lessons

With Thinkific, you may include videos or presentations as well as PDF documents among other things. You can also add an audio-only chapter, by uploading MP3 files, like MP3, to any of your courses for students to listen to.

Assignment Lessons

Assignment lesson chapters let teachers like you to collect student submissions such as projects, reports, written essays, and much more. Note that this chapter type is only available on select plans that start with to the Professional plan.

Brillium Exam Lessons

Exam chapters let you choose from a much wider variety of questions other than the usual multiple choice approach, such as filling in the blanks. You may also branch out to succeeding questions by relying on answers from previous ones, and get comprehensive reporting information. This is made possible by integrating with Brillium which is limited to the highest-scale plans starting from the Premiere tier.

Live Lessons

Live lesson chapters has recently been added to the Course Builder. Because it is in beta mode, anticipate a few limits in terms of function. In addition, 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 may issue completion certificates and other credentials to your students who completed your course on Thinkific. This is made possible with its integration with credential expert Accredible. It is possible that you may come across a template for your certificate that is Thinkific-themed that looks somewhat boring. This is the reason why Accredible is a must by combining tools and editing features from each platform, you are able to customize how you want your certificates to look design-wise including the borders and the text.

Other Useful Course Builder Features

Its Bulk Importer feature lets you add as many documents as you want to include in your course all at once. As opposed to having to upload each individual files, this allows you to plan and do other aspects. This is especially useful for educators who are very busy.

The Drip Scheduler The Drip Scheduler, on the other hand, allows you to schedule your course lessons at an exact time and date. This feature is handy in keeping your student audiences engaged and well-balanced in storing information.

Payment Marketing, Selling, and Payment

Marketing and selling your product to your market can be more challenging to take if you’re not provided with enough tools to get things going. There are many options to choose from. LMS platforms, including Thinkific are equipped with the majority, if not all, of the essential merchant-related features available for use.

Payment Options

If you intend to earn profits from online paid courses, you may want to connect your Thinkific account to one among the payment services that have been closely integrated with the platform. Stripe along with PayPal are typically required to process transactions of your learners. Thinkific Revenue 2021

We’re aware of what PayPal can be and exactly how it works, as it’s one of the most used payment methods used around the globe. If you’re not up to speed, PayPal is where you pay for goods by transferring a portion of your balance to the retailer you’re purchasing from.

Stripe however, on the other hand, handles cashless transactions with other e-wallet providers across the globe that function similar to PayPal. In addition, it handles credit and debit card transactions from different banks across different regions.

Student Pricing Options

The decision of how much you’ll be able to offer your course content to your learners is an essential step in marketing and sharing your products across the globe. Whether it is available for free, or needs several payment, Thinkific offers four pricing options you can establish for the students that wish to utilize it such as free, one-time payment, subscription or membership, and a monthly payment.

  • Free – This allows you to offer content to your students for free. If you’re running a business, it can be best utilized as a lead-generation tool or bonus add-on to your paid-for services.
  • One-time payment – You pay students a single fee for the content of your course. If you wish, you can also establish an enrollment period to determine how long they are 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 for subscriptions to get full access to your content. Take note that this is only available for plans that start at the Pro level.
  • Monthly payment : The total cost of your course is split into monthly installments, to be paid by students, especially without any anxiety about breaking the bank for them. Like the subscription option is only available starting with the Pro plan onwards.

If you wish to create different pricing options for one of your courses, you are able to achieve this by using the “Set Additional Pricing” option.

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Other Strategies to Sell Your Content

Coupons

Coupons are used to promote your course content and the bundles that accompany it. They’re available to use in all of Thinkific’s paid plans, although at the basic tier, you’re only entitled to one coupon for free. You may customize your coupons to correspond with the many services you can offer – you can modify the discount percentage, the you’ll apply it to, and the expiry date.

Affiliate Marketing

Thinkific has a couple of options that let you invite those who have registered to any of your courses to become affiliates. They provide additional support as they help promote your content to other potential student subscribers. In addition, they can earn commissions from simply posting unique promotional links to your courses online.

E-mail Marketing and Business Growth

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 lets you integrate with a variety of third-party tools which specialize in this, including major e-mail marketing platforms such as MailChimp, AWeber, and ConvertKit. There are a variety of other marketing platforms you can choose from and connect to on Thinkific’s App Store that we’ll discuss in a moment. It doesn’t stop there, as Thinkific offers the ability to take advantage of giving your business and platform a much-needed boost by connecting to the online growth platform Sumo as well as the API Tool.

Integrations

Like other online course platforms , and basically, any other web platform, Thinkific allows for seamless integrations with a variety of third-party online tools and services, all of which offer a better user experience for both the student and instructor.

Thinkific App Store

The Thinkific App Store is a new addition to the list of features on the platform. All integrations that involve third-party software and services are now available to be easily access and utilized via the comprehensive app library. This is a major improvement in how integrations are managed earlier when integrations had to be managed via the settings. This feature is accessible across all plans of Thinkific and every app available in the store is available for free however some require a subscription while others have services that are completely free of charge.

Automation Services

If you’re an edupreneur running an account for paid teaching, it’s just as crucial to have access to tools that can automate all your tasks. You can also connect to many more third-party software platforms at the same simultaneously. 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 courses. The ‘Triggers’ feature is available in both Basic and Pro plans. Basic as well as Pro plans. In addition it is able to perform simple tasks for you, such as adding anyone who has signed up to take one of your classes to your mailing list.

The “Actions” feature in contrast, is jam-packed with more features that it has to offer however it is limited only to Pro + Growth and Premier plans. Apart from Zapier, there’s InfusionSoft which allows you to automatize your marketing and sales tasks. InfusionSoft is an extremely well-known tool for automation for small-sized businesses who may not have enough employees as well as team members handle marketing-related tasks. Thinkific Revenue 2021

Analytics

The use of a variety of analytics tools is a sound method to gain insight about how your products are received, inspiring you to continue, discontinue, or improve the quality of your services. 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 don’t just measure your views, but also examine student movement between your classes.

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Segment.io is another sought-after platform that lets you transfer information in real time to other data analytics and marketing services like SalesForce, HubSpot, ZenDesk and more. When it comes to offering reliable and precise analysis, Google Analytics ranks number first on the web. As it’s an essential part of selling online, it can easily be linked to your Thinkific account by typing in the tracking ID. Additionally, if you’d like to share your online course content further into social media, especially on the most widely used social media platform Facebook You can do so by integrating using Facebook Pixel.

Student Support and Success

E-commerce, analytics in addition to automation, Thinkific can easily connect with several apps designed to help students succeed. Accredible, as mentioned previously can be used to award completion certificates and manage credentials but is only available in plans called Pro and Premier plans. Brillium can help you broaden the options for your examination, while Disqus provides a platform for 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 save it from any possible error in the transaction. Taxes are going to be essential when running an online course business. Some platforms will help you out with this like Quaderno.

Customer Support and Help Center

Thinkific provides a wide selection of customer support platforms that you can approach whenever you require help. The hotline for customer support is available via e-mail or phone, with priority assistance for admin users who are registered to the Pro plan up to. However, getting in touch with an expert isn’t possible in terms of time, since it is only accessible from Monday through Friday. There is no sign for live chat service either. Thinkific Revenue 2021

In spite of the absence of direct support options, Thinkific has a help and training center that contains information specifically designed to assist aspiring entrepreneurs in starting and managing an admin account. It also offers a free course that teaches newbies how to create, promote, and sell their services in the most efficient way possible.

Alternatives to Thinkific

  1. Teachable. If you’re more focused on selling and sharing your paid online courses to a wider audience, Teachable has similar features as Thinkific and more, including fast access via the mobile application, Teachable Payment, and an integrated e-mail marketing tool. It offers four plans that start which include the base plan, which is $10 less than Thinkific’s, but they may charge you higher transaction costs.
  2. Kajabi. Kajabi is a better LMS platform for any established entrepreneurship, with customizable options that are twice as broad as the other options. On top of that it comes with more advanced features that match requirements of big businesses. That aside, 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 latest addition to the lineup of online course platforms, with some decent features at a similarly affordable cost as Thinkific. What some do not like yet about Podia is the absence of customization tools and customer assistance options, but this is normal since the majority of these features may be available soon.
  4. Udemy. If you’re looking at an alternative LMS option that’s especially great 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 over 30 million users. While you may get to take advantage of the majority of its essential functions, including unlimited courses that are completely free, expect much higher transaction costs in the future. Thinkific Revenue 2021

What We Like About Thinkific

  • Amazingly great pricing plans. Beginning with the basic plan for as little as $39 per month, each of the three paid levels comes with a variety of useful options for various entrepreneurial needs.
  • Zero transaction fees. In contrast to LMS platforms, which charge more transaction costs, Thinkific lets you enjoy all its features without worrying about the cost.
  • Flexible and convenient customizable options for customization. You have the power to choose from a vast array of themes, course templates, and lesson types, and customize every one of them to the fullest extent possible.
  • There are a variety of student payment options. Not only are you able to provide a one-time payment to your student audience as well as the option of regular payments or membership fees to motivate them to get the most value from the services you provide.
  • More accessible and faster integrations with third-party platforms. With the addition of the Thinkific App Store, integrations with third-party e-commerce analysis, automation and educational web platforms have never been so simple.
  • Smooth user interface. The web interface of Thinkific is fast in performance, from the playback of media to the course and website builders.

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What we don’t like about Thinkific

  • No live chat support. While phone support is a welcoming feature, Thinkific is quite lacking in providing the option of live chat support where users could talk directly to an expert regarding things connected to the platform.
  • The difficulty of adding code-related snippets to courses. When you’re an experienced at programming and programming and want to use Thinkfic to develop your courses, it’d be best not to try this out.
  • Lack of some built-in integrations. Thinkific doesn’t have integrated marketing and sales funnel integrations. However you can get the same services through third-party apps that offer these integrations.
  • Lack of tools related to continuing education credits. Thinkific could offer various kinds of credentials and certificates awarded at every end of the course, but it does not provide enough functionality to make one that is linked to the continuation of the next lesson. Thinkific Revenue 2021

Conclusion

If you’re ready to enter to the world of Edupreneurs, or take your business to new heights, you should give Thinkific the chance! The LMS Platform has taken big steps to cater to people who are interested in exploring course creation with the best features that other platforms do not normally offer. It’s also amazing that you won’t have to worry too much about transaction fee upon transaction fee blocking your path.

Coursemaking, in general, is a huge investment that can deliberately affect your career prospects in the long term. What sets Thinkifc apart against the other competitors is the free plan it offers. Although it’s not as extensive as other plans but it offers enough tools to allow beginners to test the waters to determine whether it’s a good choice for their needs. It’s also risk free, so if you’d like to test it out, you can do so by signing up for it for yourself, go ahead! Free plan, visit the official website of Thinkific!

FAQ Thinkific Revenue 2021

Does Thinkific offer a no-cost plan?

Yes, it does! Thinkific has a beginner-friendly Free plan that includes access to the main features like customer support and the course editor, but it will only allow one free course. If you’d like for unlimited course creation, you can try the three other plans, all of which are paid.

Is it true that Thinkific charge transaction fees? And does it take a percentage of my earned sales?

No! There are zero transaction fees associated with the plans offered by Thinkific aside from those related to payment options. Also, Thinkific does not take a large amount of your income since Thinkific makes most of its revenue from paid plans.

Does Thinkific integrate with Zoom?

Yes – Integration with the messaging service Zoom is now available on Thinkific in the middle of 2020. This is particularly useful in powering Live Lessons, which also is the LMS platform’s latest features. Be aware that these features are only available in the Pro plan and up.

Are you Thinkific mobile-friendly?

Yes. Despite not having a dedicated mobile app However, the Thinkific interface can be easily converted to be more appropriate for mobile, phone-friendly browsing on mobile browsers such as Safari with many of the same features as its web-based counterpart. Thinkific Revenue 2021

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