Earning Potential from Selling Financial Model Templates

Have you ever wondered how much money one can make by selling financial model templates? The answer might surprise you. Depending on the quality and demand for your model, you could earn anywhere from $20 to $200 per template. Major platforms like I Crest Models and Infocrest Finweb LLP provide these opportunities, making it an attractive venture.

A Solid Business Case for Financial Templates

However, the financial templates market is not entirely straightforward. While some argue that a company should charge for the problem it solves, the reality is that financial templates themselves solve few problems for the average person. Financial modeling tools can indeed be valuable, but they require a certain level of expertise to be used effectively. This is where an added service can make all the difference.

Packaging Services with Financial Templates

The two most common services packaged with financial templates are financial modeling instruction and business plan development. These services are attractive because they promise long-term rewards. For instance, financial modeling instruction can lead to future employment, while a well-developed business plan can impress potential investors and secure success in the business world.

Finding Value in Structured Training

The value proposition for these services is compelling. A two-day financial modeling boot camp can cost between $1,000 and $2,500, and some individuals are even willing to pay more for a well-developed business plan. This indicates the market's willingness to invest in securing future success.

Revenue Estimates from Boot Camps

To put this into perspective, let’s consider the potential revenue from boot camps. Imagining 40 boot camps with an average of 50 students at a price point of $1,500 per student would yield a revenue of $3 million. Add in additional offerings such as self-study programs, campus instruction, and workplace instruction, and it’s easy to see how revenue could climb into the double-digit millions.

A Profound Need Addressed by Online Resources

I am a proponent of institutions that effectively teach financial modeling skills. The internet offers numerous resources for learning, but many of them come at a price. The challenge is that simpler models are easier to price, yet the cost may be prohibitive for many students.

Free Financial Modeling Platform

To address this issue, I launched Free Financial Modeling. My platform demonstrates that while some models can be complex, most are simple. The fundamental mechanics are generally the same, regardless of the level of detail. Much of the content is free, while premium content and a quizzing dashboard are available for $3 per month. The platform is also offered for free to university professors who wish to use it as a classroom aid.

Positive Feedback and Monthly Visitors

To date, the website has attracted thousands of monthly visitors, and the feedback received has been consistently positive. My live entrepreneurial experiment, Business Development Video Series, tracks my efforts to turn the website into a cash-flow positive venture. This ongoing journey is both exciting and fulfilling.

Conclusion

While the market for financial model templates can be lucrative, it requires careful consideration and packaging with educational services to maximize earnings. By providing value through structured instruction and support, you can tap into a significant and willing market, enabling you to achieve financial success and contribute to the development of the next generation of financial professionals.