What is your opinion on lifetime deals ?
Anil Matcha
82 replies
Replies
Drew_Quinn@cloodoworkspace
It great to attract your first customers and you can grow from there!. We also planning to run some LTD as well
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@cloodoworkspace Where do you plan to run ?
@matcha_anil We try to run our project whatsapp crm but unfortunately that we not able to run on appsumo because the team not accept any whatsapp products or relevant at the meantime. So, we come with alternative platform like dealify, dealimirror and keenmo facebook groups.
@matcha_anil @cloodoworkspace great discussion. I am of the opinion that LTDs work for certain type of product. I am myself thinking along the lines of doing it.
Have you also considered taking advantage of holiday season(Blackfriday etc)?
@matcha_anil @neelptl2602 yes, it would be better if running deal during holiday season. I think it will capable to attract more clients
As a customer: awesome!
As an entrepreneur: terrible on the long term
I wouldn't want to launch that on consumption based products
@mathis_vella exactly. Consumption based products can not survive long term. Plus you'd have to curate an offer very carefully.
they are tricky!
Might harm the profitability of the company
@soner_ @matcha_anil @sophiasolanki What platforms are good for such deals? In what cases can we pull it off without platform help?
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.
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?
@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.
Offering a lifetime deal is a fantastic option for individuals who prefer not to commit to monthly or yearly payments for a tool. It's more beneficial to have a customer invest in a lifetime license than not at all. Perhaps the most effective approach is to introduce lifetime deals during promotional periods.
@neelptl2602 On occasions like Black Friday or special events, perhaps even on the first anniversary of the product, the possibilities are limitless, I suppose.
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.
@narendra_solanki What platforms are good for such deals? In what cases can we pull it off without platform help?
Where do you plan to run ?
@richard_b_bautista what were you considering?
Lifetime deals can be a great way to save money on software and services that you use regularly. For example, if you use a particular email marketing platform every month, a lifetime deal could save you hundreds of dollars in the long run.
It's important to do your research before buying a lifetime deal. Make sure that the software or service is reputable and that it meets your needs. You should also be aware that some lifetime deals may have restrictions, such as a limited number of users or features.
like them, lifetime deals are always tempting, offering significant upfront savings 🤑
It is a responsiblity
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.
Easy for acquisition but need to be aware that users doesn't come up with replicas ;)
@shivangiawasthi What platforms are good for such deals? In what cases can we pull it off without platform help?
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.
At any moment something can change and this will involve a lifelong deal, and the world can change. Absolutely not profitable.
It's important to keep in mind that lifetime deals are not always a good value. Some companies offer lifetime deals on products that are already heavily discounted, or on products that are likely to be replaced by newer and better products in the future.
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
@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
It's also important to be aware of the risks associated with lifetime deals. Some companies may go out of business, or they may change the terms of their lifetime deals after you purchase them.