Excel Plugin

Excel Plugin Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Enhance your Excel skills and streamline your data management with a powerful Excel plugin. This business idea focuses on creating specialized software that integrates seamlessly with Excel, offering additional functionalities to boost productivity and efficiency.

An Excel plugin extends the capabilities of traditional Excel spreadsheets. Imagine features like advanced data visualization, automated reporting, or custom functions tailored to specific industries. This product appeals to business professionals, accountants, analysts, and anyone who relies heavily on Excel for daily operations.

Developing an Excel plugin requires a strong understanding of coding and Excel's architecture. However, the investment in time and skills can pay off significantly, offering a valuable tool that improves workflow and saves users countless hours. The market for such plugins is vast, with countless businesses eager for solutions that enhance their data processing capabilities. If you're skilled in software development and eager to create a product that meets a genuine need, this could be a promising venture.

In this list, you'll find real-world excel plugin success stories and very profitable examples of starting a excel plugin that makes money.

1. Gorilla ROI ($500K/year)

Jae and his wife started an Amazon business, but they soon faced the challenge of losing money due to their reactive approach towards issues. They found themselves running out of stock because of poor inventory forecasting decisions, incorrect product mixes, and overpaying fees. Additionally, a lot of their data analytics was manual, resulting in a waste of 1-2 hours just to collect data.

To tackle this problem, they created Gorilla ROI, which automates data collection into Google Sheets. Their mission was to simplify the process of getting disorganized data into spreadsheets in a clean and organized way.

How much money it makes: $500K/year
How many people on the team: 2

How I Launched A $12K/Month Amazon Seller Central And Google Sheets Integration

Gorilla ROI is a Google Sheets add-on that connects Amazon Seller Central to Google Sheets, now bringing in $12,000/month through organic inbound marketing, and focusing on scalability before any heavy push towards outbound marketing.

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2. Excelformulabot ($276K/year)

David Bressler, the founder of Excelformulabot.com, came up with the idea while on paternity leave. After discovering the power of AI and its potential in Excel formulas, he realized there was a need for an AI-based Excel formula generator. With 1 billion Excel users worldwide, Bressler saw a big enough market and quickly built a barebone application that went viral and gained traction through Reddit, TikTok, Instagram, and Twitter. Since the launch in September 2022, the website has generated over $14K in monthly recurring revenue.

How much money it makes: $276K/year
How much did it cost to start: $196
How many people on the team: 0

I Turned My Side Project into A $26K/Month SaaS Tool

AI-powered web application, Excelformulabot.com, generates Excel formulas within seconds for a subscription fee of $6.99/month or free for five formula requests per month, resulting in $14k/month in recurring revenue since its launch in September 2022, accruing millions of visitors through word of mouth, influencer marketing, SEO, and PPC, implemented through no-code web application Bubble.io, while preparing to penetrate a B2B market and focus on B2B outreach in the future.

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Read by 22,465 founders