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Excel Exercises monetized through a freemium model, offering a few free lessons upfront and a hard paywall after that, with paying subscribers on recurring subscriptions. Its subscription option was offered through Stripe Checkout, and early sales included one-time payments of $50 alongside annual subscriptions. The business was described as automated, with about 2,500 active paying subscribers at the time of the source.
Excel Exercises grew largely through SEO, with founder Jake Shimota writing detailed blog articles about Excel functions that attracted search engine traffic. Growth also came from university and corporate deals, as users who tried the training recommended it to their bosses and teams, and from paid social media advertising. The company also earned backlinks by offering free premium access to schools and non-profits, and word-of-mouth from satisfied users contributed to its growth.
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