Hmm, depends on your goals and lifestyle you wanna chase. Templates clearly can do way less revenue, but it needs less work to do so. Let's say if you do it right, you can do 20K/mo with templates and only work half days. On the other hand, running a successful smaller studio of 1-5 people can easily make you a million+ per year if you do it right and are good in what you do. Thats what I see. My template business was always on the side-lines, because I have certain financial goals, that would not be possible with only selling templates. However, software could also do you a lot of money, but its very hard to succeed there. Hope this helps!
When I started a few years back it was very hard to analyze what works because there literally weren't any templates. So I decided to go in the personal site direction since many designers joined the platform back then. Today, I believe many other things work, like SaaS, landing pages etc. Just check whats trending and try to bring out something that is better than it.
Holding companies are different per country, but will do a newsletter next time about how to create financial structures that keep your wealth save. Might be useful to many!
How would you advise on choosing between taking on clients or building a template business?
Hmm, depends on your goals and lifestyle you wanna chase. Templates clearly can do way less revenue, but it needs less work to do so. Let's say if you do it right, you can do 20K/mo with templates and only work half days. On the other hand, running a successful smaller studio of 1-5 people can easily make you a million+ per year if you do it right and are good in what you do. Thats what I see. My template business was always on the side-lines, because I have certain financial goals, that would not be possible with only selling templates. However, software could also do you a lot of money, but its very hard to succeed there. Hope this helps!
Thanks, this definitely helped!
What about when it comes to what type of templates to make?
Would you say it’s best to make the typical saas/agency/portfolio/startup templates?
When I started a few years back it was very hard to analyze what works because there literally weren't any templates. So I decided to go in the personal site direction since many designers joined the platform back then. Today, I believe many other things work, like SaaS, landing pages etc. Just check whats trending and try to bring out something that is better than it.
Appreciate the responses Cedric, looking forward to the next post 🙂
I’d be curious to read more about how you set up your holding company. Also, how are you using walkingpad? While you work?
Holding companies are different per country, but will do a newsletter next time about how to create financial structures that keep your wealth save. Might be useful to many!
Yes, walking slowly while working. Pretty dope!
Amazing post Cedric. 🔥🔥🔥