What is your opinion on lifetime deals ?
Anil Matcha
80 replies
Replies
Devluc@devluc
HTMLrev
I didn't use them as a maker but they don't seem to be sustainable for the long run. I'd rather offer a free tier
Share
It is a responsiblity
Free Essay Checker AI
Seems it will not work on AI products
they are tricky!
Might harm the profitability of the company
SyncSignature
@soner_ @matcha_anil @sophiasolanki What platforms are good for such deals? In what cases can we pull it off without platform help?
BlazeSQL
Some people hate subscriptions, and it can be a solid way to appease them.
It depends on whether you’re able to provide a solution with sufficiently low usage costs, and how many customers you can win with it.
Also it can be a solid source of cash flow early on
SyncSignature
@justus_mulli What platforms are good for such deals? In what cases can we pull it off without platform help?
Lifetime deals can be a big winner or loser based on one key factor: Pricing
Get that right and you won’t sacrifice too much revenue + it becomes a good source of social proof and user research.
SyncSignature
@mick_essex What platforms are good for such deals? In what cases can we pull it off without platform help?
As a customer: awesome!
As an entrepreneur: terrible on the long term
I wouldn't want to launch that on consumption based products
SyncSignature
@mathis_vella exactly. Consumption based products can not survive long term. Plus you'd have to curate an offer very carefully.
Another thing to consider is that your needs may change over time. For example, if you're a startup, you may not need all of the features of a professional email marketing platform at first. But as your business grows, you may need to upgrade to a more expensive plan. In this case, a lifetime deal may not be the best option for you.
Lifetime deals can be enticing for both businesses and consumers. For consumers, they offer long-term value without recurring expenses. For startups, they can provide an immediate influx of cash, valuable feedback, and early adopters. However, there's a flip side. Offering lifetime deals might set unsustainable expectations, and there's a risk of undervaluing long-term revenue streams. Also, if not managed properly, these deals can strain resources. In essence, while lifetime deals have their merits, it's crucial to weigh their benefits against potential long-term implications for sustainable business growth.
SyncSignature
@narendra_solanki What platforms are good for such deals? In what cases can we pull it off without platform help?
Comment Deleted
Where do you plan to run ?
SyncSignature
@richard_b_bautista what were you considering?
The main thing is to clarify that the offer is valid until the end of the life of the product or client:)
ReplyMind
I personally love lifetime deals because they provide great value for money in the long run. However, it's important to carefully evaluate the product/service before making a purchase. Has anyone here had any negative experiences with lifetime deals?
SyncSignature
@omar_faruk29 There are always a few things here and there. Plus you'd have to see if they would provide additional features when they release.
ProductAI
Good for marketing bad for business.
I believe it's a fantastic thing, specifically when it is tailored for early adopters of your project. Just like what I'm offering to early adopters of my upcoming CRM, CJPath.com.
My 2 cents:
They are good for generating first revenues and gathering useful feedback. Depending on your product they can be a way to validate hypotheses and/or learn about your or other markets.
But use it with care. Do not jump in all of the users features requests. Very often, they are not even your ICP
SyncSignature
@jacopo_proietti Makes a lot of sense.
What platforms are good for such deals? In what cases can we pull it off without platform help?
@neelptl2602 I think AppSumo offers the best option in terms of revenue share and traffic. In our case joining lifetime deal communities on Facebook also helped
lifetime deals can be a great way to save money on software and services that you use regularly. However, it's important to do your research and make sure that the deal is right for you before you buy.
like them, lifetime deals are always tempting, offering significant upfront savings 🤑
Lifetime deals can be a great way to save money on products and services that you use regularly. If you're sure that you'll continue to use a product or service for many years to come, then a lifetime deal can be a great investment.
Spotely
I've run LTDs as a founder. It is absolutely perfect if you don't pay monthly costs on servers, APIs etc.
But if you do, it is still a great way to get first revenue, which you can reinvest in promoting monthly subscriptions.
Besides, you're getting the proof of concept - if users are buying your product and giving reviews - that's the product market fit understanding right there.
SyncSignature
@thisisanton What platforms are good for such deals? In what cases can we pull it off without platform help?
Spotely
@neelptl2602 definitely AppSumo is the best, they have millions of subscribers and that is great. And if you will show good sales, the platform will help you with promotion