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. 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.
For years, the only way to “sell” knowledge has been to directly teach or tutor the buyer or indirectly teach them through writing books on the subject.
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. This is where online course platforms come in.
For those of you who prefer a more visual experience, here is a video review from the YouTube channel SoftwarePundit. To get a comprehensive overview of Thinkific, you may still want to check out our article below.
Thinkific: an Online Course Platform Thinkific Ipo Valuation
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.
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. We will examine these features later to see if the promises are true.
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. We would be remiss if this were not mentioned.
What is it that makes thinkific such a great platform?
- Unlike most other platforms, Thinkific does not take any transaction fees from your sales. As a bonus, Thinkific immediately makes your funds available for withdrawal 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 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. 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 your students their progresses and engage them in discussions. You can even make them compete on the leaderboard.
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:
- Easy to use course creator
To be honest, this is not really a unique feature as most online course builders will already have this feature. It will be very difficult for a course builder to compete on the market if they don’t offer a user-friendly option.
- Drag-and-drop web page builder
Like the course builder, drag-and-drop page builders are standard issues for these kinds of services. Course makers need to market their courses. It is essential that they have the tools and resources to market their courses. Similar to Thinkific.
- Promotion and marketing tools
Thinkific, a course builder, should also be able to offer coupons, as well as the necessary email and affiliate marketing tools.
- Flexible payment options
All of those marketing features will be for naught if there are not many payment options available for customers. Having more than one payment option is also optimal, as it removes friction from wannabe customers, and more payment options can make it easier for your leads to paying you.
For content creation, analytics is the name of the game. 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.
- Support for students and student 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.
- Training tools
While we are in the business of selling knowledge, it is not a bad thing to acquire our own in the meantime. 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.
Thinkific gives these newbies and even veterans a chance to learn from what is tried and tested. In doing so, they can speed up the process of making courses and allow newer people to use the app more.
- 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.
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. After all, what are we supposed to expect about their secondary and additional features if they can’t be bothered having a good and well-functioning course builder?
In the case of their course builder, Thinkific provides a handy “Get Started” checklist that guides you on what to do at your first foray into course building.
Build Your First Course
You will receive a draft of “Your First Course” when you start your course.
This file opens the first-course builder interface. The layout is easy to follow. The course content is divided into chapters and lessons.
You can create lessons by clicking the “add Lesson” button.
Content types can be either of the following:
- Download PDF documents
- Slideshow presentations
- Webinars and live zoom lessons.
Any of these files can be uploaded as your lessons. If you want, you can add multiple course content and upload them using 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. For some of the choices, the service provides you with pre-formatted and good-looking templates that are structured for the appropriate 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-courses: These course templates are designed to make short, fast courses like tasters or 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 courses can serve as short tests or as a way to get your course noticed. This allows you to advertise to potential customers what your courses entail. Thinkific Ipo Valuation
- This template can be used to create a membership resource library for your subscribers. This will encourage your audience stay on your site even when they are 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.
Your Students’ Course Design
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.
You can also preview your lessons in this section. 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.
You can assign assignments and track 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 Ipo Valuation
That said, assignments are only available for the PRO plan.
Overall, Thinkific’s course builder is very user-friendly. They will give you enough guidance, especially if you’re just starting out with your course.
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 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.
When building your website, the best place is to pick a theme.
For this reason, Thinkific has three pre-built theme templates. Each theme has its own styles, color schemes, fonts, and tweaked layouts.
These websites all have professional and good designs.
2. You can customize your online course site using the Site Builder.
After picking a theme, you can customize it as you like. You can make your desired edits to the site builder and create 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. This tool can be combined with pre-made themes to create a professional-looking website.
And that is just the beginning. Your website’s potential is limitless. Your creativity will only be your limit.
3. Start a Training Website 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. Thinkific offers a wide range of pages to help you choose from.
These pages are pre-designed and ready to be mapped into a complete 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 Ipo Valuation
- Sign in Pages: This should be sued for subscribers of 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.
- Coming Soon pages: These pages may look empty, but they can serve as teasers and previews for any upcoming pages, courses, offers, and even bundles you offer.
These pages can be used with your website in many ways. These templates can also be used to quickly create a website. This skips the nitpicky part of choosing which to use on your website. Thinkific Ipo Valuation
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
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 easily be modified 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.
Thinkfic offers 23 pre-formatted pages sections. Most of these pre-formatted pages are focused on building high conversions. These high-converting pages include, but are not limited to:
- Get involved.
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 contains information that will allow you to provide your customers with summaries of the products you offer.
This section can be used for key messages and makes it easy to scan information with bullet points.
- Frequently Asked Questions
Websites often feature Frequently Asked Question. These aim to answer all the commonly asked questions by the customer base. Thinkific Ipo Valuation
- ‘Social Proof’
These sections are akin to testimonials and show off client experiences, comments, and reviews. These sections are like testimonials and show what the clients get from the lessons. This in turn encourages others to use your product.
These sections help you promote other courses. 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 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. This is where you can also describe your bundles and what they include, as well as how much each one costs.
You can add this section to your course promotion page to make a video advertisement.
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?
It is a fact that all online course builders and platforms today offer tools to allow teachers and students to promote their courses. The only difference is in the focus of each platform.
Yep, that’s right. Some platforms are more focused on the conversion side of selling courses and creating content. While others are the opposite and mostly rely on integrations to carry forth the promotion and business side of things.
Which side is Thinkific on? Let’s find out as we try the business, promotion, and marketing features of Thinkific.
Promote Your Courses
Thinkific comes with marketing tools to help you make money from your content. 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.
Among these tools include the ability for search engine optimization or SEO. 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 one of the best ways to show your audience who you are. Thinkific Ipo Valuation
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.
These promotional materials can be a great way to promote your products. 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. 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. These include:
Coupons don’t need introduction. They have been used in many transactions for a long time. So it is no surprise that they are also being used in online business and online marketing.
Thinkific’s coupons come from digital codes that are very easy to share. They are utilized very well in Thinkific’s ecosystem. 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. 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
You can use sales widgets to link to other websites or social media to share your purchase links. 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.
You can’t expect traffic if your courses are new and you don’t have an 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 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. This includes social media sites. If you wish to market this way, these codes can be sent as messages. Thinkific Ipo Valuation
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. This tool is not used to convert new subscribers but to keep 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. You can also notify them about new products and courses.
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
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.
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.
Thinkific tracks the sales of bundles or courses by affiliates to check their performance and status. It also records the revenue. Thinkific Ipo Valuation
That said, paying the affiliates is done outside the system, so that’s a catch. It’s the same with instructor revenue sharing.
All that marketing work will be for naught if you have no way of receiving payments or your courses. In this vein, Thinkific has Stripe as a card payment platform. Other ways include connecting PayPal for one-off payments.
You can also link your courses with a Shopify website. 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 also offer 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!
Analytics and reporting
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.
Though it’s a new feature, Thinkific does have one. 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.
It is a good step in the right direction. Having it is better than nothing.
So how does it work?
Thinkific’s reporting and analytics collect the necessary data how they wish. 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. You can then compare these metrics across the board. This allows you to see which subjects are having low completion rates.
You can then identify the reasons for these problems. Then it will be up to you to adjust accordingly. Thinkific Ipo Valuation
For example, for courses with low completion rates, students might find the course extremely hard. Still, it might be a problem with the way you are presenting the information or instructions. Once you find the problem, you can then find an applicable solution without tearing your hair out.
This data is then shown as a chart and graph that makes it a lot easier to read and understand.
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. If you are interested in learning more about Thinkific’s features or need to start your course-creating journey, you can always get a free plan.
|$0 per month||$74 per month||$149 pero month||$374 per month|
|Create and launch your product using 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. It is the best way to get a feel of the service and to test drive what it is capable of. The free plan allows you to do everything the service offers, albeit at a limited capacity.
The Free plan is only good for making one course. Making more than that requires you 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.
The Start plan also opens up additional marketing tools and grants you access to the Thinkific App Store.
You also have the option of a custom domain to host your course website.
The Grow Plan
The Grow plan is for you if you are serious about selling and making courses. First, you will be able to remove 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 Ipo Valuation
The Expand Plan
The Expand plan is designed for larger businesses and institutions. 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. Most of the time, their prices are unlisted as the customization might change the cost, and that cost will depend on the customization.
This is 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 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
- Three+ separate Thinkific sites
- Service Level Agreement 99.9%
- Build a 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
Thoughtific Pros and Cons
- Thinkific does not take any transaction fees. When a sale occurs from your products, courses or memberships, funds are immediately available for withdrawal.
- 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. Thinkific Ipo Valuation
- Thinkkific’s drag and drop builder is easy to use by even non-tech-savvy users. It even allows you to upload multiple types of media content to create varied and interesting courses and lessons.
- There are some aspects of Thinkific that are not really that are not as user-friendly as expected. Some creators have acknowledged this.
- The service lacks many marketing features. Their email marketing capabilities are very basic and far behind those of 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. It is difficult to make a website that stands out from the competition with these options.
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.
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. Thinkific Ipo Valuation
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.
Looking at Thinkific’s free plan, too, you can say that it is very bold, and the limitations are pretty understandable. This is not like other free plans of other products. However, there are still things you can do with it.
Thinkific’s Course Builder is very intuitive and easy to use. You can quickly see what you need to do and which functions are what. Thinkific has enough prompts to help you navigate the more complicated aspects of the world.
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.
One thing to note, however, is that some experienced users might find Thinkific too simple for their taste. This is just my 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 has impressive editing capabilities, making it ideal for creating tutorial and training 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.
Finally, I believe Thinkific is lacking in the marketing department. 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 Ipo Valuation
Can You Build an Entire Website with Just Thinkfic?
Yes, you can!
Thinkfiic allows you to create your entire online education company. You can easily create courses, websites, and your entire brand on one 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 is up to you.
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. 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 does not, and will not, claim any intellectual property rights over materials made by the course creators and builders. Therefore, anything built and published on the platform is 100% to the creators.