The LTD or Lifetime Deals of SaaS Softwares are the types of subscriptions that have no end date. The users can use the software for as long as they need it or want to use it, without paying any extra fees. The price of this kind of subscription is usually higher than the traditional ones, but the users will not have to pay anything extra after they buy it. Some software offers this kind of deal only with specific packages or products, but others make it available for all their customers. This option is very useful for customers who are sure that they will always need the software and don’t want to pay anything extra every month or year.
Let’s talk about some worst things that might happen to you if you are an LTD Subscriber and some advantages of having an LTD for the long term.
Here are 10 Disadvantages of LTD (Lifetime Deal) Subscription of SaaS Software
There are some disadvantages that customers should consider before buying software with this kind of deal. For example, the user should be sure that the software will always work properly without problems, otherwise, they will have to pay extra money for getting it fixed or for buying a new one. Another disadvantage is that some customers might not be interested in using the software forever, so they would be better off with a cheaper subscription. If a customer buys software with a lifetime deal and stops using it, they will not be able to get their money back or change it to a different subscription.
1. Software Survival Rate May Be Low If It Is A New Company:
If the software is very new and has not been tried by many people, it may not be as reliable as other software with a long history. In addition, there is a chance that the company may not survive for long as it may not have the money or resources to keep its customers satisfied.
2. No ‘Deal’ After End Date:
After the end date of the lifetime deal, customers will have to pay a lot more money if they want to continue using the software. For example, a customer might have paid $15 a month for 10 years, but after they stop using the software they will have to pay $200 a month for the same service.
3. Software May Not Be Useful Forever:
Most software is only useful for a certain period of time. For example, a customer may buy the software so they can use it for their college or university studies, but after they graduate they will stop using it. In this case, the customer has wasted money on the lifetime deal because the software will not be useful anymore.
4. Software May Have Technical Problems:
Since some software has been around for a long time, they may have technical problems that make them difficult to use. In addition, if a customer does not have any technical skills they may not be able to fix it themselves and will have to pay extra money to get it fixed or to buy a new one.
5. Software May Be Outdated:
If the software is very old, the company may not be updating it anymore which means that some new features are missing. This means that the customer will not be able to get the most out of their software and they will have to pay more money to get a newer version.
6. No ‘Deal’ After Expiration:
Some customers may not want to buy a lifetime deal subscription, but after they used the software they changed their mind. Unfortunately, these customers will not be able to get any kind of refund or deal because they already used the lifetime deal.
7. Some People Will Not Need The Software Forever:
There are some customers who buy software with a lifetime deal and stop using it after a few months or years. In this case, they will have wasted a lot of money on the lifetime deal because they will not be able to get their money back or change it to a different subscription.
8. Software May Be Too Expensive:
The lifetime deal is usually more expensive than the traditional ones and some customers may not be willing to pay that much for software that they might not use forever.
9. Software May Be Too Slow:
Since the software has been around for a long time, it may be too slow for some customers who want to use it on their mobile devices or computers. In addition, the customer may find that the software does not work properly on their computer.
10. Software May Have Limited Access:
Some software is only available for certain devices or operating systems, so the customer may not be able to use it on all of their devices.
10 Advantages of Using Lifetime Deals Software (LTD Subscription)
There are some advantages of having LTD software on your shelf. Some of the most beneficial thoughts are –
1. You don’t have to pay the subscription fee months after months:
With this kind of subscription, you don’t have to pay the subscription fee every month or year. You can use the software for as long as you want without paying anything extra.
2. You don’t have to worry about renewing your subscription:
If you are worried that you have to renew your subscription, then you can choose this kind of subscription because it will never expire.
3. You can customize the software to fit your needs:
The company will not be able to customize the software for you if it is a traditional one, but when you have a lifetime deal software you can change it in any way that suits your needs.
4. You can access the software from anywhere:
When you use a traditional subscription, you cannot access the software from anywhere. But with lifetime deal software, you can access it from any device that you want.
5. You don’t have to worry about technical support:
With a traditional subscription, you will have to pay extra money for technical support, and if there is a problem with your software you may not be able to get it fixed. But when you have a lifetime deal software, the company will provide all kinds of technical support for free and they will be able to fix any problem that you have with the software.
6. You don’t have to worry about losing your data:
Some traditional subscription software will stop working after the end date and when this happens the user will lose all of their data. But when you have a lifetime deal software, you will never lose any of your data because it will always be stored in the cloud.
7. You can use the software on multiple devices:
When you use a traditional subscription, you cannot use the software on multiple devices. But with a lifetime deal software, you can access it on multiple devices and operating systems.
8. You can get extra features for free:
Some companies will offer some extra features for free if the customer buys a lifetime deal software.
9. You can get new versions for free:
The company may release new versions of the software and if you buy a traditional subscription, you will have to pay extra money to get the new version. But when you have a lifetime deal software, you will never have to pay anything extra to get the new version.
10. You can get a refund:
If you are not satisfied with your lifetime deal software and want a refund, then you can get it. But if you buy a traditional subscription, then there is no refund and you cannot change it to a different subscription.
Popular Lifetime Deal (LTD) Sites
1. AppSumo
2. StackSocial
3. PitchGround
Popular Community Around LTD Deals
1. Ken Moo’s Lifetime Deal Group With Giveaways (Ken Moo is doing awesome job here analyzing different SaaS products)
2. Martech Lifetime Deal Group
3. LTDF
4. SaasLaunchPad
Conclusion
Lifetime deal software is not for everyone. Some people are satisfied with the traditional subscription, but there are some who are looking for a little extra. If you are one of these people, then this kind of software can be useful for you. But if you are not sure whether this kind of subscription is good for you, then you should talk to an expert before deciding.