Hmm. So far they only sold lifetime subscriptions priced at less than a years worth of monthly subscriptions. I would be scared to fail my subscribers if I run out of money and have to shut down.
> All my earnings so far are only lifetime deals. No one has yet bought a subscription. This is a little disappointing.
Your lifetime pricing is about the same as 6 months at the monthly rate. If everyone is choosing that option, its likely the lifetime price is too low, your monthly price is too high, or both.
There was a separate page for lifetime deals and those who signed up from the main page did not even know that there were lifetime deals. It was today that I added them to the main page, before that they were available only through a specific link.
that would further reinforce my point - if people signing up dont feel its worth the monthly fee, but people with access to the secret link thought it was worth a one-off purchase.
Yes, but I've tried making products for non-competitive niches and they've all failed. And only when I made a product in a competitive niche did sales appear.
I think this is a good idea. If there are a products there means money to be made and I think you found that out in a good way! Next step is to figure out what you can do different to start capturing market share, and turn that into captured revenue.
I think the more niche your product is, the more you need to be plugged in to the market, i.e. know people and understand their needs. You have to find a balance between niche and general.
I also thought that I would quickly refuse a lifetime deal and already refused. But after 3 weeks I decided to temporarily return them, since there was not a single sale of a subscription, and the extra money will not interfere with me now.
I know this sounds shitty but what's to stop you from periodically removing some of the features from the lifetime deal until it's just barebones and no support?
Other than being a decent human being that actually sticks to the agreements they made, nothing. But there is a surprising amount of value in "being a good person" when you're not a mega-corp.
I don't think it's enough. My target audience is marketing agencies. I have several clients with whom I communicate regularly and find out what they need. There is also another audience, these are single startups, I also keep in touch with them, but they are not ready to pay a lot
This is such an underrated comment. Not being afraid of your customers and establishing communication goes a very long way especially when you're starting out.
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[ 4.9 ms ] story [ 62.2 ms ] threadYour lifetime pricing is about the same as 6 months at the monthly rate. If everyone is choosing that option, its likely the lifetime price is too low, your monthly price is too high, or both.
Last thing you want is an income time bomb in 3 years where your most active and loyal customers no longer need to pay.
Maybe an alternative could be to offer free months subscription and a tshirt for every successful recommendation
Grandfathering can also be rewarded with a higher referral fee (as long as referrals are active, they can discount permanently).
It takes some planning up front with account, feature and billing management but can be worthwhile in general for flexibility.
While fewer than expected people might activate and use a lifetime deal, the ones that do can be a fun bunch support wise.
Asking lifetime customers may not provide a full picture though.