Thinkific Transaction Fees

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The Internet is a treasure trove of information. There are millions of websites online that provide everything you may be curious about. And what better way to explore it than with online courses? Online courses are all the rage these days. In addition, as its popularity grows even further thanks to the recent lockdown on pandemics, this format has become increasingly valuable for providing users with the knowledge they require. It’s also become more valuable financially, as the market for paid-for courses is gradually gaining momentum.

Today, we’ll present an overview of Thinkfic which is a household name when it comes to online courses. Let’s see what it can offer including prices and features to integrations and interactions. We’ll let you know if it is worth trying. If you’re an instructor 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’s Thinkific? Thinkific Transaction Fees

Thinkfic is a well-known LMS (learning management system) platform that is focused on providing a scalable and effective learning environment for both the learner as well as the instructor. It’s a solid choice among entrepreneurs and businesses that specialize in the sale of online courses. With Thinkific you can make courses that include a wide variety of formats, templates and lesson types to choose from. You may incorporate videos or images into your lessons and let students upload their assignments as often as you like, design fun and interactive quizzes, and even award certificates to to students who have made it through the whole curriculum.

Making your online courses available for sale has been made easy. Thinkific lets aspiring edupreneurs like you to control the way they are accessed – you may offer your classes free of charge or set up subscription fees so you can earn from giving your students valuable information. Tools for sharing and marketing are also available as they can be integrated with a wide range of third-party applications that range from automation to marketing and even online shopping. Thinkific is used by over 36,000 edupreneurs and corporations, which includes big names such as Hootsuite, Samsung, Intuit and many more!

Thinkific The Pricing

Thinkific has four pricing plans, starting with the free tier, which is ideal for people who are just beginning their journey. The Basic plan at $39/month (if it is paid every year) is a big jump from the Free plan and comes with additional features, while Premiere is packed with the tools, integrations and features of all previous levels at $399 per month.

The Pro plan for $79/month has all the necessary functions that any business owner will require and more. There is an additional Growth package for a more enriched education at just $50 per month, on the top of the Pro level. Free SSL certificate is included in all plans to provide additional security between teachers and students. A 30-day money-back guarantee is also included along with the paid plans. If you aren’t satisfied, you may get your money back 100 percent!

Thinkific Site Builder

The Site Builder from Thinkific is a page editor that allows you to build a beautiful professional-looking page for your course website. With this option, you have the ability to either choose from any of the 3 in-house themes or export themes from third-party providers. Although you’re not able to edit your site in total control your website, you have a variety of customizable options to experiment with. In addition to using page templates, you may incorporate your personal branding elements, such as designs and logos, images, and other media types to your site. You can even modify it down to your URL! Thinkific Transaction Fees

Who needs a website domain when Thinkific allows you to create one at no additional cost? You’re not only provided with a platform to build a platform you can call your own. Additionally, you’ll have more time to concentrate on the launch and making money through your course content. With the Site Builder, you’ll can choose your own pages you can create for your website like:

  • The homepage;
  • The landing page where everything redirects you to your courses;
  • The page on courses where students get to pick from any of your courses.
  • The sales and check-out pages on which transactions are processed
  • The sign-in page that allows your subscribers students to sign into;
  • The Thank You Page; and
  • Other pages, for instance,
    • The student dashboard for details about the student,
    • The Coming Soon page will provide future course updates, and
    • The student certificate page.

Thinkific Transaction Fees

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In addition, you can decide what your course’s website will look like other than the standard desktop display. There is a mobile option that lets your students access and interact with your services via their mobile devices, however it is important to keep in mind that this feature is only limited to admin users subscribing to the most expensive plans.

Student Management and Interactions

Thinkific’s one-of-a-kind system lets edupreneurs like you build a solid connection with students who are experimenting with any of your products. The system’s data collection feature allows you to gain access to your students’ primary contact information after they’ve connected to the system. In addition to the easy data management, Thinkific also offers an option for groups that allows you to increase your the revenue of your business and track your courses’ effectiveness by organizing your learners into groups according to the company, cohort, time, enrollment, and the type of job.

The management aspect left aside Thinkific is also able to make it easier to manage interactions between students and teachers without the stress of using social media platforms like Facebook and Discord. Built-in Discussion feature lets each other discuss the information from any of your classes, while the Communities and Spaces functions provide a platform to create communities that are specifically designed for different subjects and interests.

Notifications

Notifications can be a wonderful way for both you and your subscribers to be informed each time an issue related to the course arises. You may configure how your students will receive notifications through your administrator settings. You can decide to inform them about their progress on the particular course when they finish the course, and each time a student makes a comment on a discussion post and so on. Thinkific Transaction Fees

online courses, lessons and Credentials

Making courses is now as simple as ever, because Thinkific’s online course editor supplies edupreneurs with a wide selection of lesson plans and templates on top of the customizable options we mentioned earlier. They also offer credential and certificate tools that can be awarded to those who completed your courses.

Course Templates

Thinkific has a wide array of templates for courses that you can use without having to think about creating from scratch from scratch. Each one of them can be customized and you can create one to fit the curriculum you want to provide.

1. Flagship Course Template

The flagship course is a major online course that concentrates on the instructor’s area of specialization. It allows you to create an enriched curriculum based on whatever you specialize in. If you’re an expert in, content creation You can 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 an introduction, if you will. The mini-course templates are designed to draw students’ attention and create leads to your full-fledged classes.

3. Template for Pre-Sell

The pre-sell template is an excellent way to test how well you’re getting your message noticed before it’s completed. It lets you put up the landing page for the course you’re offering to test if your targeted users are interested enough to take it on for them.

4. Digital Download Template

Digital download templates lets you develop a course that can be downloaded following the time your audience, for instance opts in to your mailing list. This is one effective way to generate leads and revenue in the event that you would like to expand your reach.

5. Webinar Replay

This template for webinars allows the upload of a pre-recorded recording of your webinar 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 There is a blank template option where you can begin from scratch. You may choose from a wide range of lesson types, tips and tools that will aid you in making the most of creating a detailed course.

7. Membership Resource Library

The template for membership resources allows you to upload useful learning materials that are included as a bonus. This handy feature is accessible if you run a membership/course bundle.

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Different types of lessons

There are 12 different types of lessons or chapters that you can choose from. The Course Builder gives instructors and mentors a broad selection of lessons, all one of which can be adjusted to every topic possible, from the chapter’s title to the information and files available for input.

Video Lessons

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

Quiz Lessons

It allows you to add questions by entering the questions students will see and providing the solutions for them to select from. The quiz chapter template is available in multiple choice, and you get the option of choosing to provide one or more correct answers.

Multimedia Lessons

Multimedia chapters allow you to connect out to various streams of information beyond Thinkific. You may incorporate tons of them, from the webinar tools such as Zoom to surveys and presentations and even to Google Docs files. There is also the option to integrate with other third-party creators of courses including Articulate Storyline and Adobe Captivate However, that option is available in pricing plans like the Pro as well as Premiere pricing plans.

Text Lessons

The text lesson chapter doesn’t just allow you to type text characters. It lets you include audio, images downloads, files that can be downloaded, and even embedded hyperlinks for YouTube videos. Thinkific Transaction Fees

Survey Lessons

These specially-designed survey forms let your students chime in their feedback, suggestions or any other information into an analysis of data that you can view. It is possible to add this chapter at any time during or after the course. You have three choices available for you to choose from including rating-based, scale-based, or surveys based on responses.

Downloadable Lessons

This section is where you can upload zip files, PDFs, audio-visual files, etc. for students to download in the course player, so that they could have an accessible guides for the course to follow.

PDF Lessons

Alongside downloadable files they may also be uploaded for students to view in the course. You may incorporate PDF files, and then transform them into readable lessons for students to access without downloading and bring them to home.

Presentation Lessons

Thinkific uses in-house tools to let you upload and display your slide slides – in PDF form for your students in the course. There is the option to add a download link for students to use during their free time, as well as a voice-over function that you can record for each slide.

Audio Lessons

With Thinkific You can add videos presentation, PDF, and video documents, among others. You can also choose to add an audio chapter by uploading audio files like MP3, to any of your courses for students to listen to.

Assignment Lessons

Chapters on assignment help teachers just like students submit student work including reports, projects, written essays, and more. Take note that this type of chapter is only available on select plans that start with to the Professional plan.

Brillium Exam Lessons

Exam chapters allow you to pick from a greater variety of questions other than the usual multiple choice method, like filling with gaps. You may also branch out to succeeding questions based on the answers from prior ones, and receive robust reporting details. All this is only made possible by integrating with Brillium, which is limited to the most expensive plans that start at the Premiere tier.

Live Lessons

An option for live lesson chapters was recently included in the course builder. Since this is currently in beta, we can anticipate a few limits in terms of performance. The live feature is an excellent method for instructors to communicate knowledgeable information to their learners 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 certificates to your students who completed your course on Thinkific. This is made feasible by the integration of credential specialist Accredible. There’s a possibility that you will encounter a Thinkific-themed certificate template that may appear somewhat boring. This is the reason why Accredible is a must by combining tools and editing features from the two platforms. You are able to customize how you want your certificates to look design-wise starting from the borders up to the text.

Other Features of a Course Builder that are useful

Its Bulk Importer feature allows you to add as many documents you wish to add to your course in one go. Unlike having to upload one by one it allows you to prepare and work on other aspects. This is especially helpful for edupreneurs who are very busy.

The Drip Scheduler On contrary, permits you to set up your course lessons at the exact date and time. This feature can be useful to keep your students engaged and well-balanced in storing information.

Payment, Selling, and Marketing

The idea of marketing in selling products to your market can be difficult to grasp in the absence of enough tools to get things up and running. Fortunately, many LMS platforms, including Thinkific offer the majority of, if not all of the most essential features related to merchants ready for use.

Payment Options

If you intend to earn a profit from paid online courses, you may want to link your Thinkific account to any or both of these payment providers that have been closely integrated into the platform. Stripe and PayPal are often required to handle transactions from your learners. Thinkific Transaction Fees

We’re all aware of what PayPal does and the way it operates since it’s one of the most common payment methods in the world. If you’re not sure, PayPal is where you purchase products through the transfer of a percentage of your balance funds to the retailer you’re purchasing from.

Stripe On its own, process cashless transactions with other e-wallet providers across the globe that function similar to PayPal. Additionally, it processes credit and debit card transactions for banks in different locations.

Student Pricing Options

The decision of how much you’ll be able to offer your course content to your learning subscribers is a crucial step to marketing your product and sharing it with the world. If it’s available for free, or needs several payment, Thinkific offers four pricing options you can set up for students who wish to take advantage of it: free, one-time payment, subscription or membership, and a monthly payment.

  • Free – This lets you offer content to your students for free. If you’re a business owner this can be employed as a lead generator or a bonus feature to your paid services.
  • One-time payment – You pay students a single fee for the content of your course. If you wish, you could also define an enrollment period for the length of time they will be able to access your course material.
  • Subscription/membership – If you’re in charge of a membership site, this option is the best one. Students are charged monthly fees for subscriptions to get access to all of your content. Note that this option is only offered in plans starting from the Pro level.
  • Payments for monthly recurring payments – The entire cost of your program is divided into monthly installments to be paid by the students, preferably without having to anxiety about a financial loss on their part. Like the subscription option is only available starting with the Pro plan and upwards.

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

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Other Strategies to Promote Your Content

Coupons

Coupons can be used to promote your course content along with the bundles that accompany it. They’re accessible to users in all of Thinkific’s paid plans, although in the Basic plan you’re only entitled to one coupon free. You can customize your coupons to be compatible with how many services you are able to offer – you can modify your discount rate, the you’ll apply it to, as well as the expiry date.

Affiliate Marketing

Thinkific offers a few features that allow you to invite those who have subscribed to any of your courses as affiliates. They serve as additional support as they help promote your content to other potential student subscribers. In addition, they can earn commissions simply by posting unique promotional links to your online courses.

E-mail Marketing for Business Growth and Marketing

There’s no other effective way to promote your products on the internet than e-mail marketing. Additionally, Thinkific allows integration with many third-party applications that specialize in it which includes 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, which we will discuss in a moment. The list doesn’t end there either, since Thinkific offers the ability to take advantage of giving your platform and business a much-needed boost through the growth platform on the internet Sumo and the API tool.

Integrations

Similar to other online course platforms and basically, any other web platform, Thinkific allows for seamless integration with a wide range of third-party online 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. Integrations with third party solutions or services have been made available to be easily accessed and utilized via the comprehensive app library. This is an enormous improvement in the way that integrations are dealt with from back then when they had to be handled by going through the settings. This feature is included across all plans of Thinkific and each app on the store is free to use, although certain apps require a monthly subscription while others have services that are totally free.

Automation Services

If you’re an educator with a paid teaching account is equally important to have access to tools built to automate all your tasks. You can also connect to a variety of third-party software platforms at the same time. One such tool that lets you easily automate tasks is Zapier. Zapier offers two key functions that are helpful in managing your account and courses. The ‘Triggers’ feature is available in both the Basic and Pro plans. Additionally it is able to perform simple tasks on your behalf for example, adding those who registered for your course to your email list.

The ‘Actions’ feature, in contrast, is jam-packed with more capabilities , but is only limited to the 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 businesses that may not have enough staff as well as team members take care of marketing-related issues. Thinkific Transaction Fees

Analytics

A variety of analytics tools is a good method to gain insight about how your products are received, allowing you to either continue or discontinue them, or even improve the quality of your services. Thinkific allows you to integrate with third-party tools that focus on gathering information. One such application is Mixpanel, which contains advanced tools that not only measure your opinions, 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. In terms of providing accurate and data-driven analyses, Google Analytics ranks number one across the web. Since it is an integral part of online sales it is easily connected to the 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 used social media platform Facebook it is possible to accomplish this by integrating via Facebook Pixel.

Student Support and Success

E-commerce, analytics in addition to automation, Thinkific can easily connect to a variety of applications designed to help students succeed. Accredible, as previously mentioned, is used to issue completion certificates as well as manage credentials. However, it’s only available on the Pro or Premier packages. Brillium lets you expand the possibilities of your exams, and Disqus helps provide a platform for teacher-student interactions.

E-commerce Solutions

If a Stripe-powered payment ever comes in trouble, like getting your card declined, Stunning is there to rescue it from any potential issue with the transaction. Taxes are inevitable when running an online course in business. Thankfully some platforms can help you to manage taxes easily, such as Quaderno.

Customer Support and Help Customer Support and Help

Thinkific offers a decent 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 to admin users registered to the Pro plan up to. However, reaching out to an expert is limited in terms of time, since it’s only available from Monday through Friday. There’s no indication of live chat support either. Thinkific Transaction Fees

In spite of the absence of direct support options, Thinkific has a help and training center that contains information designed to enrich the edupreneurs in starting and managing an admin account. It also offers a free course that teaches newbies how to create, promote, and market their services efficiently as they can.

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 similar to Thinkific, plus more including fast access via the mobile app, Teachable Payment as well as a built-in e-mail marketing tool. It offers four plans starting including the most basic one, which costs 10 dollars less than Thinkific’s plan, but they might charge higher transaction costs.
  2. Kajabi. Kajabi is the best LMS platform for any established entrepreneurial venture, and has customization options twice as wide than other platforms. In addition it has more sophisticated features that meet requirements of big businesses. That aside, Kajabi is also among the most expensive websites that cost as low as $119/month , and there is no free option.
  3. Podia. Podia is the latest addition to the line-up of online courses platforms, offering decent, but achievable features for a similar cost as Thinkific. The only thing that some people don’t like so far about Podia is the lack of customization tools and customer assistance options, but this is reasonable considering that the majority of features may be available soon.
  4. Udemy. If you’re considering an alternative LMS choice that is particularly suitable for beginner instructors It’s worth a look into Udemy that is billed as the largest course marketplace with over 42,000 content creators and 30 million students. While you may get to take advantage of the majority of its essential functions, including unlimited courses, completely free, expect much higher transaction costs in the future. Thinkific Transaction Fees

What We Love About Thinkific

  • Amazingly great pricing plans. Beginning with the Basic plan as low as $39 per month any of the 3 paid levels comes with a variety of useful functions for a variety of requirements of entrepreneurs.
  • Zero transaction fees. Unlike some LMS platforms that charge higher transaction costs, Thinkific lets you enjoy all of its services without having to think about the cost.
  • Flexible and efficient flexible and convenient customization options. You have the power to pick from a variety of topics, templates for courses, and lesson types, and personalize each of them to your liking.
  • A wider range of student payment options. You are not only able to make a one-time payments for your student audiences as well as the option of regular payments or membership fees to motivate them to make the most of the services you provide.
  • Integrations that are faster and more accessible to third-party platforms. The recent introduction of Thinkific App Store Thinkific App Store integrations with third-party online stores automation, analysis, as well as educational websites have never been so easy.
  • Smooth user interface. The Thinkific web interface is quick in its 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 the phone support option is a welcome option, Thinkific is quite lacking in terms of offering live chat support where users could talk directly to an expert regarding issues that are related to the platform.
  • The difficulty of adding code-related snippets to classes. In case you’re knowledgeable at programming and coding and wish to make use of Thinkfic to build your courses, it would be much better to not try this out.
  • Insufficient integrations built-in. Thinkific does not have integrated marketing and sales funnel integrations. However you can access the same solutions through third-party applications which offer them.
  • Insufficient tools for continuing education credits. Thinkific might offer various types of credentials and certificates awarded at each end of the course however it does not provide enough functionality to make one related to continuing towards the next lesson. Thinkific Transaction Fees

Conclusion

If you’re eager to venture to the world of Edupreneurs, or expand your reach to new heights You should consider giving Thinkific a try! The LMS Platform has taken huge steps to accommodate users who wish to experiment with creating courses using the top features other platforms don’t normally offer. The best part is that you won’t have to worry about transaction fee after transaction fee blocking your path.

Coursemaking, as a whole, is a huge investment that can deliberately affect your career over the long term. What makes Thinkifc stand out from the rest is the Free plan that it offers. While limited as can be but it offers enough tools to allow newcomers to explore the waters to determine whether it’s a good choice for their needs. It’s also risk-free so if you want to test the Free plan, you may check out Thinkific’s official site!

FAQ Thinkific 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 and the course editor, but it is limited to one free course. If you want for unlimited course creation, you can try the other three plans, all of which are paid.

Does Thinkific charge transaction fees? Does it also make a portion of my earnings?

No! There are zero transaction fees that are associated with any of Thinkific’s services across all plans aside from those related to payment options. Also, Thinkific doesn’t take a significant amount of your income since Thinkific makes the majority of its income from paid plans.

Does Thinkific integrate with Zoom?

Yes , integration with the messaging service Zoom has been made available on Thinkific from mid-2020. This will be especially helpful in powering Live Lessons, which also is one of the LMS platform’s most current features. Be aware, however, that they are only available in the Pro plan and upwards.

Are you Thinkific mobile-friendly?

Yes. Despite not having a dedicated mobile app however, the Thinkific interface can be easily transformed to be suitable for portable, phone-friendly browsing on mobile browsers such as Safari with many of the same features available in the web version. Thinkific Transaction Fees

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