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Daniel Kemp

๐Ÿ‘ค Speaker
136 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

Obviously there's the networking effect and the influencer marketing that Dan mentioned.

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

That was really key, especially early on to getting some early traction.

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

But we also ran some really big deals on AppSumo.

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

So obviously as you know that Sumo, you pay like a one-off thing and you get a deal, right?

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

You pay like a one-off fee to AppSumo.

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

But what we did was later, like a year later after running the deal, we reactivated these people and tried to turn them into recurring monthly users by basically giving them like a heavily discounted rate as like loyal AppSumo users.

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

So we obviously, we took the chunk of money that you get from running the deal at the time from AppSumo.

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

And then we took these users and reactivated them to be actual sort of monthly paying users, albeit on a very low scale.

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

But that worked really well.

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

And I would suggest sort of- Well, what does that mean though?

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

It's just under 300.

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

But it's a good thing to bear in mind for business owners that running a deal doesn't necessarily mean that they're dead revenue thereafter.

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

I think it was like 70% off whatever the new plans that we'd created were at the time.

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

This is only on the queue side, not the queue promote.

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

It's only on the queue side.

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

So we have like loads.

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

Okay, so there's a few points there to obviously deal with.

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

One is I agree with you.

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

You do feel like you've been bent over, right, Dan?

SaaS Interviews with CEOs, Startups, Founders
876 SaaS: Selling Discounted "Lifetime Subscriptions" For One Flat Fee is Huge Risk

I mean, there are several times where we're like, oh, Christ, they're taking so much money.