We are all familiar with the saying, “Knowledge is power.” Having its roots in the Latin: scientia potentia est, it holds just as true today as 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. The human race has won our place in the food chain due to our sheer knowledge and ingenuity.
As such, it is only beneficial for us to share what we know with our fellowmen, lest we let this knowledge consign only to our minds, rotten and forgotten. 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. After all, Knowledge is Power, and power can be money. At the end of the day, the knowledge owner gets to decide what to do with it. That is the beauty of it.
The only way to “sell” knowledge for years was to either directly or indirectly tutor the buyer.
The advent of the internet has only democratized this ability to distribute what you learned to the public. Anyone can share their knowledge, even those without a teaching license or who don’t know how to write books.
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.
Even formal education can have its niche platforms too. Online courses platforms are the answer.
For those of you who prefer a more visual experience, here is a video review from the YouTube channel SoftwarePundit. You can still read our article to get a complete overview of Thinkific.
Thinkific: An Online Course Platform Thinkific Annual Revenue
Thinkific is a top choice for hosting your online classes. Learning Management System (LMS), creates, promotes and sells your online courses.
Thinkific started in 2012 when a group of entrepreneurs sought to create a platform to provide a rich and easily accessible teaching and learning environment for instructors and students.
Luckily, they were able to find an effective solution to their dilemma. Thinkific was a great solution to creating, managing and marketing online courses. Thinkific was easy to use, so even people with no technical knowledge could use it.
This ease of use makes Thinkific essential for online course creators. This allows the users to focus on one thing and one thing only: content. Good content is what drives students and teachers to engage.
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 Benefits
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. So when it comes to sales, Thinkific makes sure that whatever is yours is absolutely 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 supports multiple types of content such as audio, video, PDFs and quizzes.
- Thinkific also allows you to play with your course engagement by giving you various capabilities. You can organize groups, schedule content and send them via drip-feed. They also lock them with prerequisite lessons.
- Thinkific also allows you to engage with your students through multiple channels. You can email your students their progresses and engage them in discussions. And even have them compete with the leaderboard.
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Useful Features
Thinkific features are almost identical to other course builders. The only exceptions are a few differences here and there. 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 page builder
Drag-and-drop page builders, like the course builder are common issues for these types of services. Course makers need to market their courses. It is essential that they have the tools and resources to market their courses. Just like with 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.
- Reporting
Analytics is key to content creation. Analytics is the only way to discover your approach and your weaknesses. This feature is offered by Thinkific to help users decide the direction of their content.
Do they need to continue making tutorial videos that include direct examples? Or should they just give instructions? 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. Customer retention is greatly improved by having a strong community and customer support. These features are a great way to get it done at Thinkific.
- Training tools
While we are in the business of selling knowledge, it is not a bad thing to acquire our own in the meantime. Selling and course building are two different things. Many people who try Thinkific may be unfamiliar with the process and will stumble around until they feel at ease.
Thinkific gives these newbies and even veterans a chance to learn from what is tried and tested. 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. The course content is divided into chapters and lessons.
To begin creating lessons, you only need to click the aptly named “add Lesson” button and pick a content type.
You can choose from the following content types:
- Video
- Audio
- Text
- Download PDF documents
- Slideshow presentations
- Webinars and live zoom lessons.
You can upload any of these files as your lessons. You can upload multiple courses to the Bulk Importer. You can also copy old lessons from other courses using the “Copy Lessons From” button on Thinkific.
Pick 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.
Although you can still be flexible by using a template blank, they can be very helpful when you need to do your job quickly or are just starting to create courses.
These premade courses 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. Every lesson is designed to be easy for students to follow and is simple to learn.
- 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. Thinkific Annual Revenue
- Membership Resource Library: You can use this template to create an archive of resources 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. You can change the color scheme, fonts or add 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 allows you to see the views of your students on your lessons. As such, you can put yourself in their shoes and see the problem from their perspective.
Set Assignments and Check Progress
Assignments, quizzes, and surveys are super handy as an additional way to engage your students. You can also use it to rate your students. Thinkific Annual Revenue
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
The course builder can be considered the core of Thinkific. However, it is the Site Builder that provides the foundation on which your courses can be built.
The Thinkific Site builder shares the same characteristics as the other landing page builders. This allows you to sell your courses from your website or even if you don’t have a website yet.
The website builder is easy to use. It was designed with newbies and non-tech people in mind.
To start building your website, you start with:
1. Pick a Theme.
Picking a theme is the best place to start when building your website.
Thinkific offers three pre-designed themes templates. Each theme has its own styles, color schemes, fonts, and tweaked layouts.
These websites all have professional and good designs.
2. Use Site Builder to Customize Your Online Course Site.
After picking a theme, you can customize it as you like. Through the site builder, you can do your preferred edits and make out an entire website. If you want, you can dig in and craft individual pages.
The Site builder uses drag-and-drop tools, making it easy for users to build your website from scratch. Combining this with pre-built themes, users can make a professional-looking web page from scratch.
This is only 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 can be easily mapped to create a course or training website. As such, we can take these pages and use them as the building blocks of your websites. These pages are worth mentioning:
- 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 Thinkific Annual Revenue
- Sign in Pages: This should only be used for subscribers to your website
- Your student’s dashboard will be your starting point for signing in to your site. It is possible to design a student dashboard that makes it easy for students to access all the content on your website.
- Checkout pages or payment page: This is where you place your payment options for subscribing or signing 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 can also be used to quickly create a website. These templates are a great way to skip the tedious part of selecting which template you want for your website. Thinkific Annual Revenue
You can also create a customized page by clicking on the Custom Page link in the menus. This will allow you to design your page according to your requirements.
4. Edit individual pages
To properly design a web page using Thinkific Site Builder, it helps to understand that the pages made with these site builders are made up of sections. These sections can be customized easily and moved around.
The provided pre-built pages even come with suggested sections to easily allow you to pick which ones you need 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 an essential part, especially when you aim to sell. This will allow potential students and customers to know how to sign-up or purchase.
- ‘Smart’ Product and Category
This section contains information that will allow you to provide your customers with summaries of the products you offer.
- Checklists
This section can be used for key messages and makes it easy to scan information with bullet points.
- Most Frequently Asked Questions
Frequently Asked Questions are a common scene on most websites. These are designed to answer all common questions from customers. Thinkific Annual Revenue
- ‘Social Proof’
These sections are akin to testimonials and show off client experiences, comments, and reviews. They make a statement to show off what they get in the lessons, which in turn entices other customers to avail of your product.
- Upsell
These sections help you promote other courses. This section is often found on the checkout page for one of your courses.
- Instructor
This is where your instructors profiles can be added to the courses. This gives students information as to the people who are teaching them.
- 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.
- Video
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
Now we come to what is known as among the most anticipated parts of the review. 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. They only differ on how much that platform focuses on.
Yep, that’s right. Some course platforms focus more on selling and turning conversion than the creation side. While others are the opposite and mostly rely on integrations to carry forth the promotion and business side of things.
So on which side does Thinkific fall on? Let’s see how Thinkific handles promotion and business.
Promote Your Courses
By default, Thinkific has marketing tools that help you sell your content for cash. These features are available to all users, even those who use the free plan. However, they are very limited and only allow for the most basic functions.
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.
Another feature available for free users is the ability to build free trial courses. It’s like giving your customers a free taste or sample. This is one of the best ways to show your audience who you are. Thinkific Annual Revenue
By allowing customers and potential students a taste of your content, you will allow them a peek into the curtains and how classes are done. 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.
Of course, we are only talking about the free stuff. You will unlock more marketing tools as you move up in the Thinkific pricing plans. Many of these enhance your ability to promote your course materials in the market. Some of these include:
- Coupons
Coupons don’t need 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 coupons come from digital codes that are very easy to share. These codes can be used in Thinkific’s ecosystem very well. You can use a coupon at Thinkific’s checkout to instantly redeem it.
Coupons can be used to promote bundles or courses from a marketing perspective. You can encourage potential customers to visit your courses by including a discount.
As a side note, Thinkific allows you to customize your coupons. The coupon can be customized by setting the dollar amount or percentage, as well as the expiration date and the number of times it can be used.
- Sales Widgets
Sales widgets are a feature that allows you to post purchasing links to other websites and social media. These widgets are very useful given the amount of traffic required to get your course noticed. You will need lots of traffic, let’s face the facts.
You can’t expect traffic if your courses are new and you don’t have an audience. Even if you have a built-in audience, you need a fast and convenient way to link your courses and classes from other websites.
This is where social media comes into play. It is a given that almost everybody uses social media. It is important to determine where the majority of internet traffic comes and redirect some traffic to your site.
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. Thinkific Annual Revenue
Another customization you can do with this widget is how it looks. 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. After all, you can only send this to people you already have contact with.
Thinkific’s email marketing tools are limited to this ……… Unfortunately, you can only email existing students enrolled in your courses. Notifying them about new products or courses is another option.
Not everything is bad, though, as if you want more features, you can use other email marketing tools such as Mailchimp, Mailerlite, AWeber, Constant Contact, ActiveCampaign, or ConvertKit.
However, it would have been a lot better if Thinkific had an even better local Email marketing tool available for its users.
- Affiliate Marketing
If you think your own marketing skills are insufficient, then you can opt to go the Affiliate marketing route and get experts and influencers to promote your courses.
Thinkific allows the process to be easy and straightforward. You will need to add the associated person as a user, and make him an “Affiliate”. This information can be found under “User Roles” within the Process.
If you find some current users of Thinkfiic or your course, you can convert them into affiliates through the same process.
Thinkific tracks the sales of bundles or courses by affiliates to check their performance and status. It also records the revenue. Thinkific Annual Revenue
However, affiliates are not paid within the system. The same applies to instructor revenue sharing.
Payment Options
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. For example, you can 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.
Thinkific is unique in that you don’t have to pay a commission for any courses they sell.
Reporting and Analytics
Any good website that is selling something should include a Reports and Analytics feature. This will allow users to figure out which stuff they are doing well on and which ones they need to focus on and 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 currently in its infancy, and only the Start + Growth package has it.
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. Take for example, the data on Student engagement.
This data will allow you to view things like course enrollments and completion rates. These metrics can be compared across all subjects. 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. It is up to you then to make the necessary adjustments. Thinkific Annual Revenue
Students might find it difficult to complete courses that have low completion rates. Still, it might be a problem with the way you are presenting the information or instructions. 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.
Thinkific Pricing and Plans
Thinkific is a leading platform for course development and marketing. You can expect a price that’s appropriate for your standing.
Thinkfiic is a product that you pay for. With all its features, you won’t be ripped off.
Besides that, Thinkific has a free plan which you can use to test 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.
| Free | Start | Grow | Expand |
| $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
|
-Build successful business with a complete suite of tools to help you sell more
|
-Optimize your workflow and create a premium experience with a platform designed to scale
|
The Free Plan
If you’re new to course management and course building, this is the plan that you should start with. 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. Making more than that requires you to sign up. That said, this course has a lot of potential, allowing you to enroll an unlimited number of students you want.
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.
You also have the option of a custom domain to host your course website.
The Grow Plan
If you’re serious about making sales and selling courses, the Grow plan is right for you. 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. In terms of support, you are given priority email and phone support. You can get faster solutions if you have different issues with your website. Thinkific Annual Revenue
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 especially good for huge institutions wanting to create an online presence. Aside from providing the usual features of the other Thinkific plans, it provides unprecedented 10 Communities to keep students easier to manage.
Speaking of management, this plan also provides 5 administrators to help with running things.
Thinkific Plus
Some LMS services give clients and customers an option to create bespoke plans separate from the services’ basic plans. Their prices are not listed because customization may change the cost. The customization will affect the price.
For Thinkific, this is called Thinkific Plus. It’s a powerful, scalable and simple-to-use learning platform that is tailored to your students and team.
To get Thinkific Plus, you must contact the Thinkfic sales team. They will help you understand the tools you need to optimize your platform. They will provide you with education experts who can inspire and give you the confidence to grow beyond what you imagine.
Thinkific Plus offers all the Expand features, but also adds these additional features to the plan:
- Unlimited Products
- Unlimited Administrators
- Three+ separate Thinkific sites
- Service Level Agreement 99.9%
- Dedicate Customer Success Team
- Check out multiple seats or a tiered pricing option
- Email White-labeling
- Only one sign on
- Bulk Selling App
- Enterprise API Access
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Thinkific Pros and Cons
Pros
- 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 has all the core features available and acts 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. Thinkific Annual Revenue
- Thinkkific’s drag-and-drop builder is super easy to use, and even non-tech-savvy people can use it. It even allows you to upload multiple types of media content to create varied and interesting courses and lessons.
Cons
- 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.
- There is a huge lack of marketing features in the service. Their email marketing capability is quite basic and is miles behind the competition.
- Thinkific’s designs and customizations are quite limited, given that the service only provides a few themes to play with. With these options, it is hard to create a website that stands out among the rest.
Thinkific Verdict
Overall, Thinkific is a good choice for course creation as well as course promotion. Its price is entirely reasonable, and the features are as good and easy to use as most of its competitors.
For those who are just starting out, the free startup plan will be a great help. It will allow them to get a feel for how things work. Thinkific Annual Revenue
In my opinion, providing a free startup plan is actually a mark of confidence on the side of the service. They believe their product is of use and are willing to let the public 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 can be a tricky side. Too many prompts can overwhelm novice users and cause frustration for those who are already proficient.
However, it is important to remember that Thinkific might be too easy for some users. But that is just nitpicking. Thinkific’s course creator is responsive, fast, and easy to use, which is what most people want.
For their Site Builder, Thinkific also chooses to keep it simple. It is not like a standalone platform. However, in keeping with their philosophy, it is simple to use and can easily be grasped by beginners.
It does offer impressive editing options, which makes it ideal for creating training and tutorial websites. It is also a great tool to add 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. Just looking at the bare bones structure of their Email marketing can turn off marketers, and marketing Thinkific’s courses can be an uphill climb without resorting to third-party integrations.
As for their payment options, it would be better to have more options other than Stripe and PayPal.
However, not everything is grim-looking though. Thinkfic still offers some useful tools to help you make money from your courses. With a little creative touch, you can sell your products and courses. This requires more effort than normal, but it is possible.
Thinkific Frequently Asked Questions Thinkific Annual Revenue
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. You can easily create courses, websites, and your entire brand on one platform. Thinkific has builders that are designed to facilitate building, marketing, and selling online courses.
How can I allow my students to access my course content while offline?
It will be at your discretion.
Remember that students may need assistance logging in to your courses offline. You can make your courses downloadable. This can be done for content such as audio files, video files, and PDFs. These files can be downloaded to students’ devices so they can access them offline.
Who Owns the Content Published on Thinkific?
The creators are the complete and sole owners of any content that is built into the Thinkific Platform.
Thinkific has no intellectual property rights and will not claim them. Everything published and built on the platform belongs to its creators.