"Another spreadsheet tool? Really?"
That's what my co-working buddy said when I told him I was building my fourth product that touches Excel/Google Sheets.
"Yeah," I said. "Another one."
He laughed. "Dude, spreadsheets are boring. Nobody cares about Excel. Build something cool—AI, crypto, whatever."
Six months later:
- His AI productivity tool: $0 MRR, shut down
- My boring spreadsheet tools: $3,200 MRR combined, growing 15%/month
Here's what he didn't understand: spreadsheet problems are the most sustainable business opportunity in software.
Not because they're exciting. Because they never go away.
The Numbers Nobody Talks About
Let me show you why spreadsheet tools are an infinite goldmine:
1.2 billion people use Microsoft Excel worldwide.
Let that sink in. 1.2 BILLION. That's:
- Larger than the population of the United States + Europe combined
- 3x the number of iPhone users
- 15% of everyone on Earth
And here's the kicker: every single one of them has a spreadsheet problem.
Not "might have." Not "sometimes has." Has.
If just 0.001% of Excel users have the same problem you solve, that's 12,000 potential customers.
At $10/month each, that's $120,000 MRR.
And you only need to capture 0.001% of the market.
Why Spreadsheet Problems Never Die
I've been building spreadsheet-adjacent tools for 2 years. Every time I think "surely THIS problem has been solved," I find 10,000 people on Reddit complaining about it.
Why do these problems persist?
Reason #1: Excel Is Too Flexible
Excel's greatest strength is also its curse: you can do anything with it.
Which means everyone builds their own custom nightmare:
- Finance teams build 47-tab budget models with circular references
- Sales teams track leads in 12 different Excel files saved to random desktops
- Operations teams manage inventory in spreadsheets with formulas nobody understands
- HR teams track PTO in Excel, maintained by "Karen from accounting"
Every company has unique Excel hell. Which means there's no universal solution.
This is GOOD for indie hackers.
You don't need to solve "Excel problems." You need to solve ONE specific Excel problem for ONE specific type of user.
Reason #2: New Data Formats Keep Emerging
Every few years, a new file format or data source appears:
- PDFs with tables (still broken)
- APIs that export messy JSON
- Web scraping that dumps ugly CSVs
- AI tools that output data in weird formats
- Blockchain data that needs to go into Excel (seriously)
Every time a new data format appears, someone needs to get it INTO a spreadsheet.
And Excel's native import tools suck. They've always sucked. They'll always suck.
Which means there's ALWAYS an opportunity to build "Get [X] into Excel better."
Reason #3: Companies Outgrow Excel But Can't Leave It
Every startup starts with Excel. Then they grow. And grow. And grow.
And Excel breaks.
But they can't just "switch to a database" because:
- Finance team lives in Excel
- Sales team reports in Excel
- Board meetings need Excel files
- Auditors demand Excel exports
- Everyone knows Excel, nobody knows SQL
So they're stuck in "Excel purgatory"—too big for Excel, too dependent to leave.
This creates massive demand for tools that make Excel less painful without requiring migration to something else.
Reason #4: AI Can't Fix It (Yet)
"But what about AI? Won't ChatGPT replace all this?"
Nope.
AI is great at generating formulas. But it can't:
- Clean your messy CSV automatically
- Extract tables from PDFs reliably
- Merge 15 Excel files into one report
- Fix broken formulas across 1,000 rows
- Understand your company's specific data structure
Spreadsheet problems require deterministic solutions, not probabilistic AI outputs.
You need the same result every time. AI gives you 95% accuracy. That's not good enough for financial reports.
The 7 Evergreen Spreadsheet Problems
After building 4 spreadsheet tools and talking to hundreds of users, I've identified 7 categories of problems that will NEVER be fully solved:
Problem #1: Getting Data INTO Excel
The pain: Data exists somewhere (PDF, website, API, database) and needs to be in a spreadsheet.
Current solutions suck because:
- Copy-paste breaks formatting
- Native import tools are clunky
- APIs require coding knowledge
- Web scrapers need maintenance
Winning products:
- My PDF Table Extractor: $2,400 MRR
- Parserr (email to spreadsheet): $50K+ MRR
- Coefficient (data connector): $3M+ ARR
Why it's sustainable: New data sources appear constantly. You can build "X to Excel" for any X.
Problem #2: Cleaning Messy Data
The pain: Data arrives messy—extra spaces, duplicates, inconsistent formatting, merged cells.
Current solutions suck because:
- Manual cleaning takes hours
- Excel's native tools are buried in menus
- Power Query has a learning curve
- Each mess is slightly different
Winning products:
- My CSV Data Cleaner: $340 MRR
- OpenRefine (open source, but hard to use)
- Trifacta (enterprise, $$$$$)
Why it's sustainable: Data will ALWAYS be messy. Humans will ALWAYS make mistakes. This is physics.
Problem #3: Collaboration Nightmares
The pain: Multiple people need to work on the same spreadsheet. Version chaos ensues.
Current solutions suck because:
- Email attachments create "budget_v7_FINAL_REALLY_FINAL.xlsx"
- Google Sheets has conflicts when 2+ people edit
- SharePoint is... SharePoint
- OneDrive sync is unreliable
Winning products:
- Airtable (raised $700M, valued at $11B)
- Smartsheet ($875M ARR)
- Coda (raised $140M)
Why it's sustainable: Real-time collaboration is technically hard. Most solutions over-complicate it.
Problem #4: Automation & Repetitive Tasks
The pain: Same task every day/week/month—copy data, run report, email to team, repeat.
Current solutions suck because:
- Macros break when Excel updates
- Zapier doesn't handle complex Excel logic
- VBA requires programming knowledge
- IT departments won't install Python
Winning products:
- Countless niche automation tools ($100-5K MRR each)
- Zapier Excel add-on (part of $140M ARR)
- Power Automate (Microsoft, huge)
Why it's sustainable: Every company has unique workflows. Generic automation can't handle edge cases.
Problem #5: Getting Data OUT OF Excel
The pain: Data is in Excel but needs to go somewhere else (database, API, another tool).
Current solutions suck because:
- Export options are limited (CSV, PDF, XML)
- APIs don't accept Excel directly
- Data needs transformation before export
- No way to automate exports
Winning products:
- Flatfile (CSV import for apps): $20M raised
- Sheetgo (spreadsheet integrations): undisclosed revenue
- My receipt uploader: $680 MRR
Why it's sustainable: Every SaaS app needs to accept data. Excel is how users have their data.
Problem #6: Complex Formula & Debugging
The pain: Formulas break. Nobody knows why. The person who built it quit 2 years ago.
Current solutions suck because:
- Excel error messages are cryptic (#REF!, #VALUE!, #NAME?)
- Finding the broken cell takes hours
- Circular references are a nightmare
- No real debugging tools
Winning products:
- Formula auditing is mostly unsolved
- Opportunity: $10/month "Formula Doctor" tool
- AI formula explainers (ChatGPT, but need UX)
Why it's sustainable: Formulas get more complex over time. Old formulas are technical debt.
Problem #7: Security & Compliance
The pain: Sensitive data in spreadsheets, no way to control access, audit trail, or prevent leaks.
Current solutions suck because:
- Excel has weak permission controls
- Files get emailed to wrong people
- No audit log of who changed what
- GDPR/HIPAA compliance is impossible
Winning products:
- Mostly enterprise tools (expensive, complex)
- Big opportunity for SMB-focused solution
- Excel encryption tools exist but suck
Why it's sustainable: Regulations get stricter. Spreadsheets get more sensitive data.
Why Spreadsheet Tools Have Better Economics Than Other SaaS
Beyond the massive TAM, spreadsheet tools have incredible business fundamentals:
1. High Willingness to Pay
When someone's stuck spending 4 hours/week on a repetitive Excel task, they'll HAPPILY pay $20/month to make it go away.
Why? Because time is money:
- 4 hours/week = 16 hours/month
- At $50/hour fully loaded cost = $800/month pain
- Your $20/month tool saves them $780/month
The ROI is so obvious, they don't even need to ask their boss.
2. Low Churn
Once someone integrates your tool into their workflow, they're sticky.
My PDF extractor has 4.2% monthly churn.
Why so low?
- They use it daily (habit formation)
- It saves them 30+ minutes every day
- Going back to manual process is unthinkable
- $10/month is "coffee money"
Compare this to B2C apps with 15-25% monthly churn.
3. Easy Customer Acquisition
People Google their exact problem:
- "PDF to Excel converter"
- "Remove duplicates from CSV"
- "Merge multiple Excel files"
- "Fix #REF! error Excel"
This is HIGH-INTENT search traffic. They have the problem RIGHT NOW.
80% of my traffic is organic search. I spend $0 on ads.
4. Compounding Distribution
One person in a company adopts your tool. They tell their colleague. Then another team starts using it.
Before you know it, 15 people from the same company are paying separately (or they ask for a team plan).
This is how you grow 15%/month without marketing.
5. Recession-Proof
During economic downturns, companies CUT spending on:
- Marketing tools
- Collaboration software
- Employee perks
But they DON'T cut tools that save time on manual work.
Why? Because layoffs make the remaining employees busier. They NEED productivity tools more than ever.
My 4 Spreadsheet Tools: A Case Study
Let me show you exactly how I've monetized spreadsheet problems:
Tool #1: PDF Table Extractor
Problem solved: Extracting tables from PDF reports to Excel
Target user: Accountants, financial analysts, anyone dealing with PDF reports
How it works:
- Upload PDF
- AI identifies tables
- Download as Excel/CSV
Pricing: $10/month (100 PDFs), $30/month (unlimited)
Metrics:
- MRR: $2,400
- Customers: 240 (200 at $10, 40 at $30)
- Churn: 4.2%/month
- Traffic: 5.2K visitors/month (95% organic)
- Conversion: 4.6%
Why it works: PDFs with tables are EVERYWHERE. Government reports, bank statements, vendor invoices, research papers. People try to copy-paste, it breaks, they Google, they find me.
Tool #2: CSV Data Cleaner
Problem solved: Cleaning messy CSV files (remove duplicates, fix formatting, trim spaces)
Target user: Data analysts, operations teams, anyone importing data
How it works:
- Upload messy CSV
- Select cleaning operations
- Download clean file
Pricing: $10/month
Metrics:
- MRR: $340
- Customers: 34
- Churn: 7.1%/month
- Traffic: 1.8K visitors/month
- Conversion: 1.9%
Why it works: Everyone who works with data has this problem weekly. Quick ROI calculation convinces them.
Tool #3: Spreadsheet Merger
Problem solved: Combining multiple Excel/CSV files into one
Target user: Finance teams, sales ops, anyone managing reports from multiple sources
How it works:
- Upload multiple files
- Map columns
- Download merged file
Pricing: $15/month
Metrics:
- MRR: $210
- Customers: 14
- Churn: 5.0%/month
- Traffic: 800 visitors/month
- Conversion: 2.2%
Why it works: Businesses run reports from multiple systems. Combining them manually is hell. This saves hours every month.
Tool #4: Excel Formula Explainer
Problem solved: Explaining complex Excel formulas in plain English
Target user: Anyone who inherited a complex spreadsheet
How it works:
- Paste formula
- Get step-by-step explanation
- See what each part does
Pricing: $7/month
Metrics:
- MRR: $252
- Customers: 36
- Churn: 12.1%/month (higher because often one-time need)
- Traffic: 2.1K visitors/month
- Conversion: 1.7%
Why it works: CFO quits. New CFO inherits nightmare budget model with nested formulas. They need help NOW. This solves that.
Combined totals:
- Total MRR: $3,202
- Total customers: 324
- Average churn: 7.1%
- Total monthly profit: ~$2,700 (85% margin)
The Playbook: How to Build Your Spreadsheet Tool
Want to tap into this market? Here's my exact process:
Step 1: Find a Specific Pain Point
Don't build "Excel helper tool."
Build:
- "Convert bank statement PDFs to Excel for QuickBooks import"
- "Merge sales reports from Shopify, Amazon, and eBay into one CSV"
- "Remove duplicate contacts from email lists before importing to Mailchimp"
- "Fix broken VLOOKUP formulas automatically"
The more specific, the better.
Step 2: Validate With Google Search Volume
Use tools like:
- Ahrefs (search volume data)
- Google Keyword Planner (free)
- AnswerThePublic (question research)
Look for:
- 1K+ monthly searches
- Low competition (avoid terms dominated by Microsoft)
- Commercial intent ("converter", "tool", "software")
Step 3: Check Reddit & Forums
Search subreddits:
- r/excel
- r/googlesheets
- r/accounting
- r/freelance
- r/smallbusiness
Look for repeated complaints. If 10+ people have the same problem in the past month, it's real.
Step 4: Build Simple MVP (2-3 Weeks)
Your MVP needs:
- Landing page explaining the problem
- File upload
- CORE transformation (the ONE thing)
- Download result
- Payment wall (Stripe)
That's it. No:
- User accounts (initially)
- Saved files
- Batch processing
- API
- Fancy UI
Step 5: SEO-First Launch
Write 3-5 blog posts targeting your keywords:
- "How to [solve problem] in Excel (manual method)"
- "Top 5 tools to [solve problem]" (include yourself)
- "[Problem] explained: common causes and fixes"
Include clear CTA: "Or use [YourTool] to do this in 30 seconds."
Step 6: Focus on Organic Growth
Spreadsheet tool users search Google. So:
- Optimize title tags
- Get domain authority (guest posts, backlinks)
- Answer questions on Reddit/Quora (add link in bio)
- Create helpful YouTube videos
This compounds over time. My PDF tool took 4 months to get first 1K visitors/month from search. Now it's self-sustaining.
Common Objections (And Why They're Wrong)
"But Microsoft already solves this."
Microsoft builds for the 80%. You build for the 20%.
Example: Excel can convert PDFs. But it's clunky, buried in menus, and breaks formatting. My tool does it better for a specific use case.
"Won't AI replace all this?"
AI will make some spreadsheet tasks easier. But it creates NEW problems:
- AI outputs need to go INTO Excel
- AI-generated data needs to be cleaned
- AI hallucinations need to be verified
Every new technology creates new data problems.
"The market is too saturated."
Show me a spreadsheet problem that's FULLY solved. I'll wait.
Even "solved" problems have room for:
- Better UX
- Specific niche focus
- Lower pricing
- Better customer support
"This sounds boring."
Good. Boring = low competition.
Everyone wants to build the next Notion. Nobody wants to build "PDF table extractor."
Which means PDF table extractor has way less competition and way more willingness to pay.
The Future: More Spreadsheet Problems, Not Less
Here's what people don't realize: spreadsheet problems are INCREASING, not decreasing.
Why?
1. More Data Sources
Every new SaaS tool exports to CSV/Excel. More tools = more spreadsheet integration needed.
2. Remote Work
Distributed teams = more spreadsheet collaboration issues.
3. No-Code Movement
Non-technical people building their own solutions = more spreadsheet hacks = more tools needed.
4. AI Outputs
AI generates data. That data needs to go somewhere. Often: spreadsheets.
5. Regulatory Complexity
More compliance requirements = more reporting = more spreadsheets.
The spreadsheet problem isn't going away. It's EXPANDING.
Your Opportunity: The Spreadsheet Gold Rush
Here are 10 spreadsheet tool ideas that DON'T exist yet (or suck):
- Spreadsheet Diff Tool - Compare two versions, highlight changes visually
- Formula Dependency Visualizer - Show which cells depend on which (graph visualization)
- Spreadsheet Password Recovery - Unlock protected sheets (legally)
- Excel to Database Migration - Automatically create database schema from Excel structure
- Conditional Formatting Builder - Visual interface to build complex rules
- Spreadsheet Performance Optimizer - Identify slow formulas, suggest fixes
- Team Spreadsheet Audit Log - Track who changed what, when (for compliance)
- Excel Macro Converter - Convert VBA macros to Python/JavaScript
- Spreadsheet Data Validator - Check for errors, inconsistencies, outliers
- Multi-Currency Converter - Real-time exchange rates in your spreadsheet
Any of these could be a $1-10K MRR business.
The Takeaway: Boring Problems Pay Better
Everyone wants to build the next viral AI app or crypto platform.
Meanwhile, 1.2 billion people are fighting with Excel every single day.
They have real problems. They have budgets. They're searching Google RIGHT NOW for solutions.
This isn't glamorous. You won't get TechCrunch coverage. VCs won't chase you.
But you will:
- Build a profitable business in 8 weeks
- Have predictable, growing revenue
- Serve grateful customers who love you
- Operate with 80%+ profit margins
- Never worry about product-market fit
So go build your spreadsheet tool.
The world needs it more than another AI chatbot.
P.S. - If you're thinking "this is too simple to work"—that's exactly why it works. Simple problems + simple solutions = simple revenue. And there's nothing simple about making $3K+/month while you sleep.
Go solve a spreadsheet problem. You'll thank me in 6 months.