Here at eFinancialModels, we provide a marketplace where you can share or sell industry-specific financial model templates as well as provide financial modeling services. Our website is visited by different kind of users such as entrepreneurs, business owners, consultants, CEOs, and CFOs. Our users are eager to find new quality Excel templates or Google Sheets to get their financial modeling tasks and projects done.
If you’re here, this means that you applied to be a vendor here at eFinancialModels and want to know what the next step to do. With your financial modeling skills, you are welcome to officially assist our users and potential customers by uploading and selling your own quality Excel financial models or Google Sheets via our platform. Therefore, to give you a proper step by step guideline as a vendor, please refer below.
Step 1: Register as a Vendor (if you still haven’t)
Of course, to be a vendor, you will need to register first. If you already did, you can proceed to the next step. Otherwise, you can register as a vendor here: Vendor registration.
Step 2: Wait for Email Confirmations
After registering, you will receive an automated email confirming your registration. Then you will also receive another email from one of our colleagues confirming your registration as well as provide you instructions such as asking for your CV and a sample model that you want to sell. Here at eFinancialModels, we aim to provide quality financial models so we want to get to know you better and your models.
Step 3: Complete your Vendor Profile
Please kindly complete your vendor profile by adding your bio and a valid PayPal email address to your profile. You can login here to access your profile. It is important that before you sell your model, completing your vendor profile is a must.
Step 4: Read Tips for Building Templates which Sell
Simply uploading your template will not guarantee that it will sell. So, we came up with a list of tips which can help our vendors maximize their profit. Have a read through to our article listing tips for creating financial model templates which sell. To give you an idea of how to lay out your financial model template as well as marketing your product properly, you can refer to our guideline here: How to Sell Financial Model Templates.
Step 5: Uploading a Product
Now that you are ready, please proceed to the Vendor Dashboard to add your very first product and upload it on our platform. Please keep in mind that before we put your financial model template live, we will be manually reviewing your financial model to ensure:
- If all formulas and calculations are clearly visible and transparently stated
- If your model uses macros, you need to mention this in the description and mark it with the use case “macros”
- If you added an appropriate description regarding the template and if you added explanatory images or screenshots
- Most importantly, if the model works and follows a logic
To know how to upload and sell your financial model templates, please refer here: How to Upload and Sell your Financial Model Templates.
Step 6: Sales and Payments
As you registered as a vendor, you should’ve already seen the agreement regarding the payments. Once again, the arrangement is 70/30 where you get 70% worth of the sale while we get 30% as a commission. The schedule for receiving payments from the sales will be as follows:
- Immediately – If the transaction is paid by the customer through PayPal
- End of the Month – If the transaction is paid by the customer through credit card
The payment will be paid to the PayPal account you entered in your Vendor Profile so please ensure that you filled in the right PayPal account.
Step 7: After Sales Requests / Assistance
In some cases, our users sometimes request for help in fine-tuning the models and customizing it according to their specific use case. So, we might contact you to forward the customer request and determine if you are interested in providing financial modeling services. If you are willing to do so, we can arrange a product deal just like these package deals here: Custom Financial Modeling Services. For this, we will require you to tell us your hourly rate and then instead of a 30% commission for us, it will be reduced to 20% of the project value.
Step 8: Push your Sales
Be proactive and push your sales! Why not share your product link via Social Media? It might be of interest to followers of your social media channels to know more about your latest products. Take this opportunity to earn more by simply sharing the link of your product pages on your social media accounts or website.
Step 9: Idea for your next Template
Make use of your financial modeling skills and don’t settle for only one product, sell multiple templates that can help you generate income effortlessly. To give you an idea on what kind of model templates that you should build, simply refer here: Missing a Financial Model Template. There, you will see a list of demands and requests from our users / customers who were looking for the said templates. You can, of course, showcase what industry you are best at as well as certain use cases with your next templates. It is, after all, better to build financial model templates you’re best at.
With this guideline, we hope that we’re able to help you go through the process of being a vendor much easier. If you have any questions, please feel free to contact us and we will get back to you as soon as possible.