Lifetime deals are a marketing tactic that enables businesses to draw in and keep customers by giving them the possibility to buy goods at a reduced price. In order for customers to become loyal customers for life, lifetime deals aim to get them to believe in the company.
You must have come across advertisements offering lifetime SAAS products at the cost of a needle. The market for lifetime deals is big, as new SAAS products get launched every other day. But, the big question – Is the deal good for you? Is price the only factor when buying SAAS?
Many individuals face losses due to careless LTD buying. The anxiety of missing out on a great offer on lifetime saas deals makes them choose a deal that they might regret in the future. But then, how do you decide if an LTD is good for you?
In this article, we list the crucial factors you must consider before investing in lifetime deals.
Why Lifetime SAAS Deals?
Software companies find SAAS deals a great medium to get many customers on board. This gives them a large user base to test and improvise their tool and spread it in the market.
Generally, SAAS deal offers can provide you with discounts of up to 90%, and that too, for lifetime usage of the tool. So consumers don’t need to buy subscriptions every month or year. Quite lucrative, right? That is why LTDs are popular. Platforms like DealFuel, AppSumo, Dealmirror, and other deals websites cater to the traffic of SAAS LTD lovers.
SAAS Statistics
- The global cloud computing market is expected to grow from USD 445.3 billion in 2021 to USD 947.3 billion by 2026
- 18% of purchased software products have user satisfaction ratings less than 4 stars
- Salesforce registered a growth of USD 91 billion in 2020-21, while Shopify grew 225% in 20 months from USD 52 billion to USD 185 billion
- 33% of the leaders have defined segments, while 12% are testing the market
- 31% of SAAS companies say they offer very few discounts
- 30 days is the most common free trial period
- Between 2021 to 2025, the global SAAS market is expected to grow by $ 99.99 billion
7 Tips To Choose SAAS Lifetime Deals
Here are some important tips to keep you safe and assist you in getting a risk-free lifetime saas deal:
1. Do Research and Check Reviews
Research and analysis are the keys to getting better deals. Don’t let the FOMO jump you into action; check the company and developer’s backgrounds. Doing online research on the software company and developers will help you to know customer feedback for the product. Knowledge about the past products, financial backing, vision, and growth prospects will help you make an informed decision.
Social media forums are another medium to check software performance. You can ask people for reviews. Check the SAAS website and analyze how committed it looks to providing better products and services. You can also check the company’s churn rate.
2. Compare Features
Before you buy a SAAS product, remember to check its version and features on offer. There is no use in purchasing a product with limited features. Instead, review the features of the product to balance the costs it might offer limited functionality.
Often, it is the new products that are offered as LTDs. The buyers become early adopters, and their feedback is used to improvise it into a final version.
3. Can The Product Be Updated
It will be like riding a bicycle in a bike race. So, instead of buying a SAAS LTD in a hurry, spend time studying the specifications. Software needs to be upgraded at regular intervals to meet the change in technology. Since maintaining LTDs has financial implications for firms, they tend to limit the upgrade service. This balances the cost of a lifetime subscription.
The LTD you buy should be upgradable to current versions rather than being mapped to custom or beginner’s plans. In that case, it will be a risk to invest in such a deal.
4. Analyze Customer Service
Customer support will be your first approach in case of any grievances in the future. Therefore, it’s essential to examine how the company’s customer care works and whether they are eager to provide solutions.
Before buying an LTD, connect with customer support through available communication mediums. Test the facility and analyze. Make your choice accordingly.
5. The Product’s Need
Do you require the SAAS, or is it just the deal alluring you to buy it? Introspect on how much you need the software. Do you need it presently, and will you require it in the future?
There is no point in buying software that you don’t require currently. Shelfware is the distinction given to software that expires on the shelf without getting used.
As the technologies keep changing, the future remains unpredictable. A competitor may come up with a better product, the company gets acquired, or the LTD gets into some issue. So, better to buy a deal that is currently feasible. Start using the software and get ROI quickly.
6. Analyze Terms And Conditions
Go through the terms & conditions thoroughly. Read about the usage, customer service, license, and troubleshooting. The SAAS website can also have legal pages, read through it.
Find out if the product is dependent on a third party or source for any functions, data, or service. Third-party involvement can be a big pitfall as they are not responsible to honor the LTD.
7. Refund Policy
Another crucial factor in SAAS LTD’ is the refund terms. First of all, it’s better to deal with SAAS companies who follow a refund policy. Secondly, you need to understand the refund rules properly before making a purchase.
A refund policy consists of the rules under which you can ask for your money back because of certain issues with the product. While some companies facilitate with no-questions-asked refund rules, others might ask for explanations and valid reasons to return the product. On the other hand, refund duration can also differ from product to product.
Make sure to know the refund rules and the duration. Examine and use the product within the timeline to check its working and other feasibilities.
Some Lifetime SAAS Deal Jargons To Stay Aware
- FOMO: Fear of missing out on a great deal.
- HYPE: Heightened promotions.
- Shelfware: The product that remained on the shelf and expired without getting used.
- White Labeling: Acquiring products from makers and branding them as their own.
- Churn: The rate at which the customers abandon software.
Things To Keep In Mind As An LTD Buyer
Once you choose any particular SAAS lifetime deal, certain precautions may protect you from cons. These are as follows:
- Take a free trial, if possible.
- Take a screenshot of the deal and also archive the URL
- Redeem codes
- Consider website testimonials with caution
- Make sure the company is trustworthy
- Get ROI as fast as possible
- Start testing the product as soon as you have it
- Understand the risk of the industry and be prepared accordingly
Conclusion
Every SAAS is not meant for you; no matter how good a deal is, invest only in the right software that suits you. Lifetime SAAS deals are alluring to the point that you get addicted to buying them. But, in the end, the software ends up as shelfware. SAAS lifetime deals can benefit the customer and the developer only if both parties are committed to technology. While SAAS deals can provide a passionate user community and generate huge momentum for the product, LTD can give users a budget-friendly solution to their problems.
