Ready to learn how to make money with Teachable?
Finding creative ways to make money online, and keep my business expenses as low as possible, is one of my goals each and every month.
I don’t believe in buying into every trendy piece of software or every shiny new product that launches in the blogging world. In fact, I think it’s safe to say that I take more of a minimalist stance when it comes to running my business and adding expenses.
I tend to buy business tools that I can use in multiple ways–as a small business owner I like to stretch a dollar as much as I can!
One of the tools I use in my business is Teachable–a very popular online course platform.
Did you know that there are several ways to create revenue streams and make money with Teachable?
The capabilities of this platform go beyond just creating and selling online courses and you should be using this to your full advantage.
So if you’ve been wanting to create a variety of income streams in your business, Teachable is a great tool to help you accomplish this goal.
7 creative ways to make money with Teachable.
Sell Online Courses (the most obvious way)
I thought I would go ahead and get this one out of the way now. The most obvious way to make money with Teachable is by selling online courses.
Teachable is one of the leading platforms in the online course creation world. You can use the platform to build video, audio, and text-based courses that help you to monetize what you know and build on-demand products that earn you money.
Learn more about creating an online course on a budget in this video:
Sell eBooks and Planners
That’s right! You can make money with Teachable selling ebooks! You simply use the platform to host and sell ebooks to your audience.
The set-up is much like creating an online course. All it really takes is uploading a PDF copy of your book, clicking one little button to make the book downloadable, setting your price and hitting publish. You can even set up a sales page for the book using a Teachable template.
Here’s an example of a PDF planner I sell via my Teachable account.
Sell Access to Live Workshops or Live Webinars
If you are thinking about hosting a live workshop or training, you can use Teachable to create a landing/sales page and accept payment for the live event.
Teachable does not have a native way to add livestreams. However, you can embed a third-party livestream directly into your lecture area using YouTube, LiveStream, Uscreen, or any livestreaming platform that allows you to embed a code.
Another way I’ve seen this done (for in-person events) is to keep the venue for the event a secret on the landing/sales page. Instead, explain on your sales page that the venue will be revealed to attendees once they purchase their tickets.
Sell Online Coaching Packages
Regardless of what niche you are in, one-on-one coaching is a good revenue model to consider. With Teachable, you can sell online coaching packages to your audience.
Coaching on Teachable means you can offer students personalized access to your expertise, while creating a new revenue stream.
Learn step-by-step with Teachable’s Online Coaching Challenge.
Sell a Monthly Membership
The monthly recurring membership model (when you get paid month after month by your members) is the holy grail of passive income. However, it’s definitely an income stream that should not be stepped into lightly.
It requires a lot of attention and in most cases must be constantly updated to continue to add value for your members.
Instead of using a WordPress membership plugin that could slow down your site performance, why not use Teachable to host your membership material?
You can video tutorials, audio clips, downloads, etc. to your membership and set a monthly fee that will bill to your members automatically each month–no chasing down people for your money!
Become a Teachable Affiliate
That’s right! You can sign up with Teachable affiliate partnership program and start earning a commission on any sales generated through your referral links.
The best news is that you earn recurring income from anyone who signs up with your link. As long as they continue to pay for the service, you continue to receive a monthly commission.
Create Your Own Affiliate Partnership Program
In the previous example, I mentioned you being an affiliate for Teachable. But you also have the opportunity to set up your own affiliate partnership program for your own products.
For any courses or ebooks or membership programs or anything else that you offer through Teachable, you can allow others to market and sell your offers in exchange for a commission.
You set the commission percentage and decide who gets to join your affiliate team. Teachable takes care of all tracking and affiliate payouts for you.
More people promoting your products means more opportunity to increase your earning potential.
Note: This option is only available on the basic plan or higher.
I bet you didn’t realize you could make money with Teachable in so many creative ways! It took a few years of me using the tool to really start to understand it’s capabilities. It’s well worth the $39 monthly fee I pay for the basic plan.
Hopefully, this post gives you a better understanding in much less time than it took me to learn.
If you want to learn more about Teachable’s capabilities, I encourage you to attend one of their weekly information sessions or get started with Teachable by signing up for a plan here.
Are you are using the Teachable platform in other creative ways to make money?
Please comment below and share your knowledge!
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