We all know the expression “Knowledge is Power” which has its roots in Latin: scientiapotentia est. It still holds true today as it did all those years ago.
Knowledge makes us superior to the other more powerful creatures in the world. While eagles and other intelligent creatures may have better vision than humans, we have been able to see more by understanding the workings of the world.
Sure, that example might be overly dramatic, but you get the idea. Because of our knowledge and ingenuity, the human race has risen to the top in food chain.
It is therefore beneficial to share the knowledge we have with others, so that this knowledge does not become a burden on our minds and make us forget. Knowledge must be shared and developed in order to grow and develop.
That said, while it is ideal for sharing your knowledge and ideas for free, there is nothing wrong with selling it. Knowledge is power, and money can also be power. At the end of the day, the knowledge owner gets to decide what to do with it. And that is the beauty of it.
The only way to “sell” knowledge for years was to either directly or indirectly tutor the buyer.
This ability to share what you have learned has been made possible by the internet. Even those who have no teaching license or do not know how to write books now have the ability to share their knowledge.
The kinds of things being taught around have also been busted wide open. Whether for good or for bad, people can teach others how to make or do the most mundane or nonsense of things through multiple platforms like Youtube or TikTok.
Online education is not the only option. Online courses platforms are the answer.
Here is a video review by SoftwarePundit for those who like a visual experience. You can still read our article to get a complete overview of Thinkific.
Thinkific: An Online Course Platform How Do Thinkific Classes Pay Taxes
When it comes to online courses, Thinkific is among the best services to host your classes. Learning Management System (LMS), creates, promotes and sells your online courses.
Thinkific was founded in 2012 by a group entrepreneurs who wanted to create an environment that would allow students and instructors to learn and teach.
They were fortunate to find a solution to their problem. Thinkific became an effective solution for creating, managing, and marketing online courses. Thinkific also did it easily, as even those without technical knowledge could use the platform.
Thinkific is a great tool for creating online courses. This allows users to concentrate on content. Students and teachers are motivated to engage when they have good content.
As such, Thinkific provides plenty of features to help facilitate that promise. Later, we will look at these features and see if they really live up to the hype.
Thinkific isn’t the only platform capable of creating decent courses. In fact, plenty of LMS and CMS do the job as well as Thinkific. That said, we would be remiss if we gloss over Thinkific just because of this fact.
So what is it about thinkific that makes us prefer it as a platform overall?
- Unlike most other platforms, Thinkific does not take any transaction fees from your sales. Thinkific instantly makes your funds available to withdraw whenever you make a sale. Thinkific ensures that your sales are 100% yours.
- Through the free plan, you can test Thinkific’s core features as well as get a feel of the environment. While you are limited to 3 courses upload, you can host unlimited core content and have unlimited students.
- Thinkific’s drag-and-drop builder makes it simple to create an online course. This is in keeping with their commitment to letting content creators concentrate on the content. Thinkific also allows multiple kinds of content, from video files, audio files, PDFs, quizzes, text, surveys, and more.
- You can also play with the course engagement through Thinkific’s many capabilities. The platform allows you to organize cohorts, schedule your content, and deliver them by drip-feed, locking them through prerequisite lessons and many others.
- Thinkific also allows you to engage with your students through multiple channels. You can email them their progressions, engage them in discussions, and give them awards. And even have them compete with the leaderboard.
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As for the features, Thinkific has more or less the same as that of the other course builders. There are some differences, but these are minor. This is mostly how they handle some specific sections of the whole experience. These features include:
- User-friendly course builder
This isn’t a new feature, as many online course builders already offer it. A course builder who doesn’t have a user-friendly one will find it very difficult to compete in the market.
- Drag-and-drop web site builder
Like the course builder, drag-and-drop page builders are standard issues for these kinds of services. Course marketers need to promote their courses. As such, giving them the proper tools to do so easier is a godsend. Similar to Thinkific.
- Marketing and promotion tools
In the same vein as selling courses, course builders like Thinkific should have the proper built-in email and affiliate marketing tools, sales widgets, and the ability to offer coupons to make it easy for users to sell their products in the platform.
- Flexible payment options
All of those marketing features will be for naught if there are not many payment options available for customers. It is ideal to have more than one payment option. This removes any friction for potential customers and makes it easier for them to pay you.
Analytics is key to content creation. How else can you find your approach without knowing your strengths and weaknesses? This feature is offered by Thinkific to help users decide the direction of their content.
Should they continue doing tutorial videos with direct samples, the best way to go about things, or just plain instructions would be better? One cannot decide the best course of action without properly tracking revenues, engagements, and business performance.
- Student support and communities
A good way to increase your customer base is to have a strong community that uses your content. It is also a great way to brand your company and increase engagements. Remember, good customer support and community greatly improve customer retention. It is good that Thinkific provides the avenue to do so with these features.
- Tools to train the trainer
Although we are in the business selling knowledge, it’s a good idea to have our own. Course building and selling are different disciplines altogether. Many who try Thinkific might be new to the process and will tend to stumble around until they feel comfortable.
These newbies, as well as veterans, have the opportunity to benefit from the tried-and-trued knowledge of Thinkific. This allows them to speed up the creation of courses and makes it easier for new users to use the app.
- Thinkific App store
Apps and programs can be purchased at the Thinkific App Store. What is great about this AppStore is that most of it is community-made. As such, it is an excellent place where fellow content and course creators get together and discuss things along with Thinkific developers.
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The Thinkific Course Builder: Is it Good?
The only way to determine the quality of a course builder’s service is to actually test it.
A course builder service will only be as good as its main builder. If they don’t have a well-functioning course building system, then what can we expect from them about secondary and additional features?
Thinkific offers a “Get Started” checklist to help you get started with course building.
Build Your First Course
You will receive a draft of “Your First Course” when you start your course.
Opening this file brings you to the first-course builder interface, wherein the layout is very easy to follow. Course content is divided into Chapters and Lessons.
You can create lessons by clicking the “add Lesson” button.
You can choose from the following content types:
- Download PDF documents
- Slideshow presentations
- Live zoom lessons and webinars.
You can upload any of these files as your lessons. You can upload multiple courses to the Bulk Importer. Also, Thinkific makes you duplicate old lessons from previous ones by using the “Copy Lessons From” button.
Choose the Course Type
Thinkific allows you to pick what course you are currently building. The service also provides pre-formatted, professional-looking templates which can be used to create the course content.
While you can have perfect flexibility by using a blank template, these course templates can be extremely helpful when doing your job in a hurry or when you are just beginning to make courses.
Some of these premade course types include:
- Mini-course: These are course templates designed to create short and fast courses such as tasters and freebies.
- Flagship Courses are courses that attract students and keep them coming back. Each lesson is constructed in a way that is easy to progress and navigate for students.
- Pre-sell course: Pre-sell courses help you sell your courses. These can be like testers and short courses. This will allow you to tell potential customers about your courses. How Do Thinkific Classes Pay Taxes
- This template can be used to create a membership resource library for your subscribers. This will encourage your audience to remain on your website even when looking at resources
- Webinar Replay is a similar template to the library template but it is specifically designed for webinars or live lesson videos. This template is ideal for late enrollees or people who missed your seminars.
Customizing The Look of Course for your Students
Students will be able use your learning materials in the Course Player. As such, you can customize how this course player looks in the “Settings” tab on the “Courses” page. Options include changing color schemes, fonts, or adding logos.
You can even add a course description and image in the settings here.
This part also allows you to preview your lessons in the course player. This is convenient since you can see how your students view your lessons. As such, you can put yourself in their shoes and see the problem from their perspective.
Set Assignments and Check Progress
As an extra way to engage students, assignments, quizzes and surveys can be very useful. You can also use it to rate your students. How Do Thinkific Classes Pay Taxes
That said, assignments are only available for the PRO plan.
All in all, Thinkific’s Course Builder is easy to use. They will give you enough guidance, especially if you’re just starting out with your course.
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How to build an online course website
While the course builder is what you can consider the core of Thinkific, It is the Site Builder that serves as the foundation with which you can prop your courses.
The Thinkific Site builder shares the same characteristics as the other landing page builders. This allows you to sell courses directly from your website, even if your site isn’t yet online.
The website builder is easy to use. It was designed with newbies and non-tech people in mind.
Start building your website by:
1. Pick a Theme.
When building your website, the best place is to pick a theme.
Thinkific offers three pre-designed themes templates. Each theme comes with its own style, colors, fonts, layouts, and customized layouts.
These websites all have professional and good designs.
2. You can customize your online course site using the Site Builder.
You can modify the theme you have chosen after you’ve selected it. Through the site builder, you can do your preferred edits and make out an entire website. You can also create individual pages if you wish.
Site builders use drag-and-drop tools that make it simple to create a website from scratch. Combining this with pre-built themes, users can make a professional-looking web page from scratch.
And that is just the beginning. Your website’s potential is limitless. Your creativity will only be your limit.
3. Make a Training website Entirely from Scratch.
Since we are already in the business of making courses, it would be a very good idea to proceed and build a training website to house your created courses. For this matter, Thinkific provides a great selection of pages for your perusal.
These pages are pre-designed and ready to be mapped into a complete course or training website. These pages can be used as building blocks for your website. Some pages of note include:
- Home Page: The face of your website. The place where the most important things should be located
- These pages can be used as landing pages to help students approach courses. If you want, you can also make a course page that serves as a landing page for all the courses you offer in your “class”
- Sign-up pages are where students and potential customers enroll in individual courses or join a membership How Do Thinkific Classes Pay Taxes
- Sign in Pages: This should only be used for subscribers to your website
- Student Dashboard: This will serve as your student’s starting point when signing in to your website. It is possible to design a student dashboard that makes it easy for students to access all the content on your website.
- You can find payment pages, or checkout pages: Here you can place your payment options to subscribe or sign up for your class.
- Pages Coming Soon: Although they may not appear to be full, these pages can be used as teasers or previews of any pages, courses, offers, or bundles that you might offer.
Of course, these types of pages are just some examples you can use with the website. These templates are also a good utility for making a website and needing it fast. This skips the nitpicky part of choosing which to use on your website. How Do Thinkific Classes Pay Taxes
If you want something entirely different, you can create a custom page by simply clicking on the Custom page in the menus and then designing your page to suit your needs.
4. Edit individual pages
It is important to understand the structure of Thinkific Site Builder pages in order to properly design them. These sections can easily be modified and moved around.
Pre-built pages come with suggestions sections that will help you choose the right ones for your page. Simply click on “Add Section” to add more sections.
All in all, Thinkfic provides users with 23 pre-formatted page sections available. Most of these pre-formatted pages are focused on building high conversions. These high-converting pages include, but are not limited to:
- Call to Action.
This is a crucial part of selling. This will allow potential students and customers to know how to sign-up or purchase.
- Smart Product and Category
This section provides a list of information that can provide your customers with automatically listed summaries of available products you sell.
This section can be used to highlight key messages, making it easy for the readers to scan information using bullet points.
- Most Frequently Asked Questions
Frequently Asked Questions are a common scene on most websites. These aim to answer all the commonly asked questions by the customer base. How Do Thinkific Classes Pay Taxes
- ‘Social Proof’
These sections can be compared to testimonials. They show client reviews, comments, and experiences. These sections are like testimonials and show what the clients get from the lessons. This in turn encourages others to use your product.
These are sections that help promote other courses that you are selling. You can often find this section on the checkout page of one of your courses.
This section is where you can put your instructor profiles in the courses. This section gives students information about the teachers.
- Pricing Options
You can place your pricing options here. This tells your students the cost of your courses and where you can pay for them. If possible, this is also where you can describe your bundles, what you include in them, and how much they cost.
You can add this section to your course promotion page to make a video advertisement.
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Earning Profit Through Your Content with the Use of Your Online Course Platform
We now come to the part that is often the most anticipated. What is the Thnkific business side? Does the service provide enough and proper tools to allow users to make money from their hard work?
The thing of the matter is that nowadays, all online course builders and course platforms include inherent tools to give users and teachers the ability to promote their courses and products. The only difference is in the focus of each platform.
Yep, that’s right. Some course platforms focus more on selling and turning conversion than the creation side. Others, on the other hand, focus more on the business and promotion side of things and rely heavily upon integrations.
Which side is Thinkific on? Let’s see how Thinkific handles promotion and business.
Promote Your Courses
Thinkific comes with marketing tools to help you make money from your content. Even users who are utilizing the free plan can try these features, albeit they only have access to the most basic of functions and are pretty limited in their scope.
Search engine optimization, or SEO, is one of these tools. Thinkific provides free plan users with the needed SEO options, which allows you to promote your lessons in the most basic ways by making your content capable of climbing up the top of the search engine results.
Free users also have the option to create free trial courses. Think of it as giving your potential customers a free sample or a taste test. This is among the most efficient ways to show your audience what you are capable of. How Do Thinkific Classes Pay Taxes
Customers and potential students can get a glimpse into your content by allowing them to see it. That way, once they dive into your paid content, they already have at least a small idea of how things work out.
While these promotional materials may seem lacking at first, in skillful hands, these can go a very long way as promotional materials. They can even be used to compete with products that have been promoted too much.
We are not talking about the stuff that is free. As you go up through Thinkific’s pricing plans, more marketing tools are unlocked for you. Many of these enhance your ability to promote your course materials in the market. Some of these include:
Coupons need no introduction. They have been used in many transactions for a long time. It is not surprising that they are being used in online marketing and business.
Thinkific’s coupon codes are digital codes that can be shared easily. These codes can be used in Thinkific’s ecosystem very well. Using a coupon on Thinkific’s checkout will automatically use it with little to no hassle.
From a marketing standpoint, coupons can be set up and used to promote your bundles and courses. This will entice potential customers to check out your courses, especially if a discount is included.
Thinkific also allows you to personalize your coupons. From setting the dollar or percentage amount for the coupon to setting an expiration date and setting the number of times, the coupon can be redeemed.
- Sales Widgets
Sales widgets are a feature that allows you to post purchasing links to other websites and social media. These are extremely useful, given how much traffic you need to get your courses noticed in the first place. And let’s face it, you will need a lot of traffic.
It’s the truth, you can’t expect to have any traffic at all if you are just new to creating courses and if you do not have a built-in audience. Even if your audience is already established, you still need a quick and easy way to link your courses with classes on other websites.
That’s where social media comes in. It’s a fact that social media is used by almost everyone. You should find where most of the internet traffic comes from and try to divert some of those traffic to your website.
This is possible by using sales widgets that generate HTML code which can be easily pasted onto existing websites. Of course, this includes social media sites. If you wish to market this way, these codes can be sent as messages. How Do Thinkific Classes Pay Taxes
You can also customize the widget’s appearance. You have the option to show a button or a button with a product picture. Or you can add text to match it.
- Email Marketing Tools
Email marketing tools allow you to manage your newsletters and send targeted messages to subscribers. In a way, this tool is used less to get new conversions and rather to retain them. This tool can only be sent to those you already know.
In the case of Thinkific, their email marketing tools do just this…….. And not much more. Unfortunately, only existing students can be emailed about your courses. Notifying them about new products or courses is another option.
You don’t have to like everything. However, if you need more features, there are other email marketing tools available such as Mailchimp or Mailerlite, AWeber and Constant Contact. ActiveCampaign is another option.
However, it would have been a lot better if Thinkific had an even better local Email marketing tool available for its users.
- Affiliate Marketing
You can choose to use affiliate marketing to get influencers and experts to promote your courses if you feel your marketing skills are not sufficient.
The process is simple and straightforward with Thinkific. The steps include adding the affiliated person as a user and making him an “Affiliate” which you can find under “User Roles” in the Process.
You can also convert Thinkfiic users into affiliates by finding them through the same process.
As for checking the status and performance of your affiliates, Thinkific will track the courses or bundles your affiliate sells and record the corresponding revenue. How Do Thinkific Classes Pay Taxes
That said, paying the affiliates is done outside the system, so that’s a catch. It’s the same with instructor revenue sharing.
If you don’t have a way to receive payments or enroll in your courses, all that marketing effort will go sour. Thinkific offers Stripe as a payment platform for cards. Other ways include connecting PayPal for one-off payments.
Lastly, there is also an option to link your courses to a Shopify site. This allows you to access all of the eCommerce platform’s tools.
Thinkific’s payment options allow you to customize how you price your products. Customers can be charged with different payment options. You can also sell courses for a one-off fee.
You can even make membership subscriptions and charge accordingly. If you want, you can sell your course in a bundle. However, this feature is not available to me at the moment as I only have a handful of courses created with their system.
One thing to note about Thinkific though is that they do not charge you any commission fee for any of your courses sold!
Reporting and Analytics
Any good website that is selling something should include a Reports and Analytics feature. This feature will help users identify which areas they excel at and which ones they should focus on to improve.
Thankfully, Thinkific has one, but it is a relatively new feature. Currently it only reports on four ares which include: Orders, Enrollments, Student Engagement, and Revenue. This feature is still in its infancy and is only available on the Start + Growth add-on package.
For what it’s worth, it is a step in the right direction as having it is much better than having nothing at all.
How does it all work?
Thinkific’s analytics and reporting collect the data they need. Filtering data can be done by date, product type, or course, as well as by recency of customers (whether new or old).
Of course, these different data can provide multiple insight as to how your courses are performing. Let’s take, for instance, data about student engagement.
This data will allow you to view things like course enrollments and completion rates. You can then compare these metrics across the board. This allows you to see which subjects are having low completion rates.
From there you can find out the problems as to why such things are. Then it will be up to you to adjust accordingly. How Do Thinkific Classes Pay Taxes
Students might find it difficult to complete courses that have low completion rates. It could be an issue with how you present the information. Once you have identified the problem, you will be able to find a solution that works without having to tear your hair out.
The data is displayed as a graph and chart, which makes it much easier to understand and read.
Prices and plans that are thought-provoking
Thinkific is a leading platform for course development and marketing. As such, you can expect to have a price that is appropriate for their standing.
Thinkfiic is a product that you pay for. With all its features, you won’t be ripped off.
Thinkific also offers a free plan that you can use to try their products. You can always start your course-creating journey for free before moving to a paid plan if you need it or want more of Thinkific’s features.
|$0 per month||$74 per month||$149 pero month||$374 per month|
|-Create and launch your product with a website and checkout experience
|-Add products to your business and create a cohesive learning experience for your students
|A complete set of tools is available to help you increase your sales.
|With a platform that scales, optimize your workflow to create premium experiences.
The Free Plan
Is the first plan you should take if you are new to all this course building and course management stuff. This is the best way for you to get to know the service and test it out. The free plan allows you to do everything the service offers, albeit at a limited capacity.
Only one course is allowed under the Free plan. To make more courses, you will need to sign up. This course is full of potential and you can enroll as many students as you wish.
The Start Plan
If you think you like using Thinkific and would like to proceed with the next big step in the right direction. The main benefit of upgrading to this plan is your limiters are removed, and you are free to make unlimited courses.
Thinkific also offers a variety of course options. You can even live-stream your lessons for as long as you have the time.
Furthermore, the Start plan opens up more marketing tools and gives you access to the Thinkific app store.
Lastly, you also have the option to have a custom domain for your course website.
The Grow Plan
The Grow plan is for you if you are serious about selling and making courses. The first benefit you get is removing the Thinkific branding. It might seem simple, but it does a lot in terms of branding, marketing, and making your courses look more professional.
This gives you access to bulk enrollments so that the enrollment process can be done easier and faster. You have priority email support and phone support. So you can have faster solutions given to you should different problems arise for your website. How Do Thinkific Classes Pay Taxes
The Expand Plan
The Expand plan is for bigger institutions and businesses. This plan allows you to streamline your workflow and provide a premium experience using a platform that can scale.
This plan is ideal for large institutions that want to establish an online presence. It provides the same features as the other Thinkific plans but also offers 10 Communities that make it easier for students to manage.
This plan provides five administrators who will help you manage your business.
LMS services offer clients and customers the option to create custom plans that are separate from their basic plans. Their prices are not listed because customization may change the cost. The customization will affect the price.
This is Thinkific Plus. It’s a powerful, scalable and simple-to-use learning platform that is tailored to your students and team.
Contact the Thinkfic sales team to get Thinkific Plus. They can help you to understand the tools that you need in order to optimize your platform. They can connect you with education experts who will inspire you and give you the confidence you need to achieve more than you could ever imagine.
Thinkific Plus will give you all the features from the Expand plans while also adding in these features:
- Unlimited Products
- Unlimited Administrators
- 3+ Separate Thinkific sites
- Service Level Agreement 99.9%
- Build a Customer Success Team
- Multiple seats and Tiered pricing checkout
- Email white-labeling
- Only one sign on
- Bulk Selling App
- Enterprise API Access
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Thoughtific Pros and Cons
- Thinkific does NOT charge transaction fees. Funds are immediately available for withdrawal whenever a sale is made from your products, courses, or memberships.
- Thinkific has a fully realized free plan. It includes all core features and functions like a paid plan. There are no restrictions, but if you’re serious enough you can sell courses through the service with no upfront investment. How Do Thinkific Classes Pay Taxes
- Thinkkific’s drag and drop builder is easy to use by even non-tech-savvy users. You can upload multiple media types to create different and exciting lessons and courses.
- There are some aspects of Thinkific that are not really that are not as user-friendly as expected. This is something that some creators of the service have expressed.
- The service lacks many marketing features. Their email marketing capability is quite basic and is miles behind the competition.
- The customization options and designs available through Thinkific are very limited. There are only a handful of themes that you can choose from. With these options, it is hard to create a website that stands out among the rest.
Thinkific is an excellent choice for course promotion and course creation. Its price is entirely reasonable, and the features are as good and easy to use as most of its competitors.
The free startup plan is a godsend for those just starting, as it will give them a feel of how things are with the service. How Do Thinkific Classes Pay Taxes
In my opinion, providing a free startup plan is actually a mark of confidence on the side of the service. They are confident in their product and willing to allow the public to try it.
You can see that Thinkific’s free plan is bold and understandable. This is not like other free plans of other products. However, there are still things you can do with it.
For the Course Builder, Thinkific is pretty easy and intuitive to use. You can quickly see what you need to do and which functions are what. As for the more complex side of things, Thinkific provides enough prompts to guide you through the process.
This is a difficult side to balance, too, as giving too many prompts away can usually overwhelm the beginner user and may irritate those who already have a handle on things.
However, it is important to remember that Thinkific might be too easy for some users. This is just my nitpicking. At the end of the day, Thinkific’s course builder is fast, easy, and responsive, and that’s what most people need.
For their Site Builder, Thinkific also chooses to keep it simple. It is not like a standalone platform. It is easy to use, and it fits their philosophy.
It has impressive editing capabilities, making it ideal for creating tutorial and training websites. Aside from that, it is an excellent tool for adding training pages to existing websites.
The only thing lacking is more themes to cater to more people and their different tastes.
Lastly, on the marketing side of things, this is where I feel Thinkific falls short. Marketers can feel disillusioned by the Email marketing structure. Marketing Thinkific’s courses are difficult to market without third-party integrations.
It would be more convenient to have other payment options than Stripe or PayPal.
However, not everything is grim-looking though. Thinkfic still has some clever tools that help you monetize your courses. You can sell products and courses with a little creativity. This requires more effort than normal, but it is possible.
Thinkific’s Frequently Asked Questions How Do Thinkific Classes Pay Taxes
Is it possible to create a complete website with just Thinkfic?
Yes, you can!
Thinkfiic gives you the freedom to build your entire online education business. This means you can create both courses, websites, or your overall brand within one seamless platform. Thinkific offers builders that can be used to build, market, and sell online courses.
I Want to Allow my Students Access to my Course Content while Offline; How Do I Do that?
It will be at your discretion.
Bear in mind that your students will need help logging into your courses offline. That said, you can offer your courses to be downloadable. This can be done for content such as audio files, video files, and PDFs. Your students can download these to their devices and access them even offline.
Who owns the content published on Thinkific?
Any content built into the Thinkific Platform is the sole and exclusive property of the creators.
Thinkific has no intellectual property rights and will not claim them. Therefore, anything built and published on the platform is 100% to the creators.