Get Custom Spreadsheets Online From ModelSheet

One of the biggest problems that I have faced and I guess most of you also face is setting a template for a PowerPoint or an Excel sheet. After Slideshare came into the picture, it has become much easier with cut pasting into existing templates and making a PowerPoint presentations.

However making an excel sheet still demands working from scratch. Microsoft has a few interesting templates and a lot of them online actually – but these are user generated templates and most of the ones have to be customised in order to be of any use.

One of the tools we tried out recently – – addresses exactly this issue. They require that you know – at a high level – what you need in your excel sheet. After that, they walk you through a wizardish experience where they customize an excel sheet template to the one that you want. We tried one that was close to what we had in mind – a cash flow statement for a startup.

The account creation was very easy – although they could do with brushing up the look and feel of the site.

Once the account was created, I was given an option to browse various types of templates that I could use. The flow was very easy I must admit and I was able to create a ready to use sheet in very short time. We did however have a few thoughts regarding the product itself –

a) I did not get any option to upload my sheet to Google docs directly – If this sheet is made for making Google docs spreadsheets more customizable – that is a big usability issue. Dont know if Google allows direct uploads – but that is the usability I expect – not download and upload again.
b) The general look and feel of the site needs to improve – although they are working on it
c) More choices of templates in the browse screen.
d) Search for a template – Most of us lazy bones love that search bar.

We also have a few thoughts regarding the business model and usability –
a) This is directly in competition with Microsoft templates (most of which are user generated) and a lot of them are absolutely impossible to use.
b) Monetization – a lot of such usage is one time. Therefore I am not sure how many users would be paying $9 for a one time download – especially when they have a 7 day money back and there is absolutely nothing to stop misuse.
c) Browser additions – reaching customers better – Like a few Gmail additions which make using Gmail a lot easier, I would definitely love to have their templates link when I am on Google docs and have a spreadsheet open.

Lastly we think this has a niche that it addresses. However it also is in a niche that has several compelling competitive offerings – especially because you can reach Office templates from inside Excel itself. So they need to hone their positioning better to ensure they have a play which adds value to both Office client and Docs online. What do you think?

Add comment

NextBigWhat brings you curated insights and wisdom on product and growth from the wild web.

Over 2 million people receive our weekly curated insights.