What are Lifetime Deals and Why are They Important?

lifetime-deals

Ever thought about being able to use software for a lifetime and only having to pay once for it? Well, that’s how it is with lifetime deals. Yes, lifetime deals come with countless benefits that go a long way! You purchase software by only paying a one-time payment. Read on to find out how it works and how well it works. 

What are Lifetime Deals?

So, what are lifetime deals? Lifetime deals are a marketing strategy that allows companies to attract and retain customers by offering them the chance to purchase products at a discounted price. The goal of lifetime deals is for consumers to buy into the brand, thereby becoming lifelong clients. It is common nowadays for SaaS companies to have lifetime deals. 

This software can provide you with a great advantage if you are willing to pay the one-time payment. Who wouldn’t want to control costs while running a business? 

Why Lifetime Deals are Important For Your Business?

Leveraging lifetime deals is one of the best ways for your business to save you a lot of money and provide you with all the resources and skills you need to keep your business running at its best. If you run your business on a budget, lifetime trading is an essential service to add to your tech stack.

If you are looking to build a strong customer base, lifetime deals could be the best way to do it. Lifetime Deals offer customers an opportunity for long-term savings on the software they would have to use every day. It’s a win-win situation because both the customer and the business benefits from these types of deals.

Three Advantages of Lifetime Deals

Unlike any other deal, a lifetime has a few or no disadvantages. But they surely have a lot of advantages that you don’t want to miss. The following are some advantages of purchasing a lifetime deal:

Price Advantage

The biggest benefit as an end-user is that you don’t have to pay a regular monthly or annual fee to use a lifetime deal. We all have dealt or are still dealing with the horrors of having our services discontinued due to a credit card decline. 

Why? Because normally, a software user has to pay for services every month. But with lifetime deals, you will just have to pay a one-time payment. Amazing, right? 

Product Direction

As early adopters, lifetime deal investors often influence the direction of the product by discussing ideas and requirements with the founders. This often results in excellent growth of the products which means you get more value for your earlier lifetime investment.

Stacking options

Stacking is an option that allows you to buy multiple codes/licenses and stack them to increase the limitations that apply to your account with the service, but not all deals allow stacking.

For example, if a project management tool offers 3 users with 1 license. It may allow stacking to let you onboard a larger team onto the platform. Thus 2 licenses might allow 6 users, 3 licenses might allow 10 users, and so forth. 

Limitations to Consider Before Investing in Lifetime Deals

As an individual who is interested in investing, you may be tempted to take advantage of a lifetime deal. However, before signing up for this type of offer it is important to consider the limitations that come along with it. 

Therefore, if you are still intrigued by these offers after considering their limitations, then go ahead and sign-up but just remember that once you do so there will be certain rules that need to be followed.

Know the Caveats

Most LTDs come with limitations on the uses of certain features. Each LTD is structured differently as per its own feature set. These limitations may or may not be suitable for your case. We think these limitations are often justified as they strike a balance between a one-time payment model and an expectation of reasonable use. 

Know Your Risk Appetite

As the ideas of The LTD Model go more mainstream, the risks associated with buying software products and services from providers that you know nothing about are reduced. Still, there is no guarantee about the lifetime of the product. The company may collapse due to insufficient revenue, competition, or various other problems.

 In some other cases, a bigger company may acquire the product you got an LTD for, and the lifetime commitment may not be honored by the acquiring firm. At such times, you may lose the money you put into the software.

Avoid Buying because of FOMO (Fear of Missing Out)

We have been there, haven’t we? As regular deals investors, we have purchased deals out of FOMO. Some of them worked out, while some are still awaiting the day when we can utilize them.

It is easy to buy due to FOMO. In case you don’t have the use of a product right now or do not foresee a need shortly, we would recommend that you discuss the use-cases of the software with the community. They might have thoughts and ideas which would help you take an active decision about the purchase rather than a making FOMOed decision!

Where Can I Buy Lifetime Deals?

During times like today when authentic and trusted sources are hard to find, especially when it comes to purchasing lifetime deals, here are some of the sources we have gathered information from. These sources provide legit lifetime deals that will benefit your business in many ways! 

RocketHub

rockethub-lifetime-deals

RocketHub is a software marketplace that provides affordable lifetime deals and from trustworthy sources. They also have tons of articles about SaaS companies and entrepreneurs on their website as they strongly believe that entrepreneurs can build other entrepreneurs up and build a community of successful people! 

AppSumo

appsumo-lifetime-deals

AppSumo is a company based in Austin, Texas, where you can find thousands of deals, also known as AppSumo deals. Deals tend to start at $49 per code but can be as expensive as $99 per month on average. For most deals, you can purchase one code for limited access to the product with more access is available when you purchase more codes. 

While there is a good amount of deals listed on this site, you will want to direct most of your attention to the AppSumo Select deals as these are the ones that go through a rigorous vetting process and tend to be the best exclusive lifetime deal. The AppSumo lifetime deals from the marketplace are a hit or miss, they don’t have to go through a rigorous vetting process and are easier to get listed on the platform. Even though these are not vetted deals, you can find some great deals here.

StackSocial

stacksocial-homepage

StackSocial is the second biggest platform to buy lifetime deals. While they sell more than software, StackSocial is known to bring a handful of quality deals throughout the year. This is not a platform many LTD enthusiasts visit frequently since the number of good deals they offer is minimal. Another reason why not many people buy from StackSocial is that most deals end up launching on AppSumo shortly after being featured there. 

Lastly, there are no refunds on StackSocial purchases after you redeem the product, therefore there’s no testing period.

PitchGround

pitchground-homepage

The fourth platform to purchase lifetime deals from is Pitchground. In this platform there is not a marketplace function, all the deals are vetted by the Pitchground team before being released to the market. You’re going to find a group of people against Pitchground for diverse reasons and a group of people that are fans of it, we have never experienced any issue with Pitchground. 

Some of the most successful deals launched on Pitchground are Silferbots, Virus Die, IMGHaste, Biteplay, SEO Tester Online, and Postpace.

Dealify

dealify-homepage

Dealify is a relatively new player in the market that has gained a lot of fame in a very short time. While this is a lesser-known platform compared to the others above, they have been gaining market share every month for the last few months. Some of the best deals launched in Dealify are BlockSurvey, Upfeed, ABTesting.ai, and Coassemble. 

Dealify terms are similar to others in the industry. They offer 30 days money-back guarantee and codes must be redeemed within 60 days of your purchase date. 

Where to Get the Best Advice about Lifetime Deals?

There are a few different platforms where you can go to get the best advice before you make a purchase. Social networks are a great place to find great advice on which tools to buy. The following examples can be considered to check before you make up your mind:

YouTube

Just like every other thing, LTDs also have several reviews on YouTube. You name it, and you have it! There are plenty of YouTubers who have dedicated their channels to talking about Lifetime Deals. The best videos you will find on YouTube are from Jorge Aguilar Avedaño and Dave Swift. The former has a channel named SaaS Master, dedicated to LTDs, and creates videos almost daily, giving you insight on which tools to buy and which ones to skip. The latter started a channel similar to Jorge’s but has since transitioned to making videos about different software and tutorials. 

You will find occasional videos on recent LTDs, typically for tools that differentiate themselves from other tools available. The name of the channel is Profitable Tools with Dave Swift.

Facebook

While the platforms are also a great way to get some of the best deals in the market, there are some Facebook Groups where you might be able to get some great deals for some tools. Here are some of the best groups you should consider if you want to get some of the best deals:

RocketHub – RocketHub has a Facebook group where users from around the globe discuss SaaS tips and the latest LifeTime Deals. It’s a great platform to connect with entrepreneurs and listen to their growth hacking tips. Join their group to gain deep insight into LTDs and SaaS companies.

LTDF – While LTDF is also one of the oldest LTD groups on Facebook, this group has been bringing LTDs for years. Managed by Tracey Lee Lorenson, this is a community that offers great exclusive deals, sometimes never to be seen again on any other platform. Some of the deals that have been launched on the LTDF group are Moosend, Involve.me, Stripo, and Big Maker.

MarTech Wise – The last group on this list is MarTech Wise. Managed by Donald Chan, this group is really popular among LTD enthusiasts. There have been some great deals launched in this group like Crowdfundly, Acadle, ServerAvatar, Fluent Forms, WP Admin Pages Pro, and Help Ninja.

Email Lists

Similar to other markets, some companies provide frequent newsletters advertising the best deals available. Newsletters can be a great way to bring your company into your target audience’s acknowledgment. Some of the most well-known email lists are from GrabLTD, SaasPirate, and Deal Mango.

What to Avoid while Buying Lifetime Deals?

While you might look at this article and think you need to get into the LTD game, you must proceed with caution. At the end of the day, not everything is rainbows and unicorns. There are risks associated with investing in lifetime deals you must be aware of. Here are the most common risks:

Beware! It’s an Addiction (but a rather sweet one)

You might become addicted to LTDs. We might be half kidding, but the reality is that these deals are designed to be addicting. The shiny object syndrome and FOMO (fear of missing out) are real in this market. If you don’t pay attention and let your emotions drive your purchases, you will find yourself buying tons of deals you never needed. 

Invest Carefully!

For the most part, you’ll be investing in startups. Just like in any other market, startups stand a good chance to go bankrupt and shut down. While there is not a foolproof technique to invest in LTDs, joining the Facebook Groups is a good way to get a sense of the odds of these tools becoming unicorns.

While it’s possible to sell your LTDs in Facebook Groups dedicated to the resale of licenses, your accounts can be shut down if caught.  As you can see, lifetime deals are a great way to save on software costs for you and your company. Not only can you find great deals on startups but also on established companies that provide top-notch products and services. If you’re first getting into the LTD game, we would recommend joining the groups mentioned above before making your first purchase. 

Once you’re ready, explore the different marketplaces and see what is available in the next natural step. Remember, these marketplaces bring similar deals constantly, if you miss out on a deal wait, there will be a similar deal launching shortly. Enjoy, have fun, and welcome to the LTD market

What do You Need to Look Out For when Searching for a Reliable Lifetime Deal?

There are many questions that you need to ask yourself before your purchase decision and here are some tips in choosing lifetime deals:

This is one of the most important things you need to consider for lifetime deals. This determines how easy it is to use the software. If the software is hard to use, you will end up getting frustrated and quitting. 

Because this happens, you might not be able to save as much time and money as possible in using the software which means it might not be something worth using after all and it will just become a white elephant and a “shelf” ware.

Check the Credibility of the Company

The credibility of the company selling the lifetime deal is important. Many companies have been going through scam allegations for quite some time now, so you need to make sure that you are not buying from one of them. One way to find this out is through joining Facebook groups that discuss lifetime deals. Before purchasing any lifetime deal, you need to read reviews and ask questions in these groups as well as on any other social media platforms that discuss lifetime deals.

How Old is the Company?

This is also a very important thing you should check before purchasing lifetime deals from any company. If the software and business have been going for a long period, chances are it is worth buying.

Another thing is the credibility of the product. This is determined by the reviews and statistics of the software. Therefore, it is important to read the reviews online before purchasing a lifetime deal. We would highly recommend you to try this process and see how it works for you. If you are buying products or services online, you need to opt for those which have many reviews as well as ratings.

Read the Terms and Conditions

For example, does the deal include future upgrades or future features? What if the limits of the lifetime deal are exceeded? Will you be able to upgrade your purchase or do you have to pay for a subscription? We would strongly suggest that you read the terms carefully before deciding to buy.

You need to read through all the terms carefully before clicking the purchase button. This way, you can avoid any issues that might arise after making the payment for the product.

You should also look at the amount of time you will get to use it before the deal ends in case you decide to keep it for a longer period. You need to consider your budget as well as the budget available for software purchases.

Check Out the Product Website

Usually, you will be able to find more information on the product from its website than on the Appsumo sales page. You can get to see its features, requirements, price and other important information.

Particularly if you are just starting up, you need to be careful with your available funds and resources. To get the best deals, you need to be selective with your purchases. You also need to know that lifetime deals might not be very beneficial if you do not know how to use them correctly.

Conclusion

Now that you know the benefits, it’s time to take action! You can purchase software through a lifetime deal and only pay one-time. That means no more recurring monthly fees or annual payments for as long as your business needs what you purchased from us. 

This is an amazing opportunity so if this sounds like something you would be interested in, contact our team at RocketHub, where experts and trained professionals will be more than happy to answer any questions about how these deals work with answers tailored specifically to your unique concerns.

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