What We Learned Sending One Million Cold Emails - Selling For SaaS Startups

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Transcript of What We Learned Sending One Million Cold Emails - Selling For SaaS Startups

What We Learned Sending 1,000,000 Cold Emails

by Alex Berman from

What We’re Going To Talk About

1. The Imbalance Within The Lead Gen Industry

5B 0.5MMvs.Mkt Budget

CorporationsMkt Budget

SMBs

2. The Results We Got

List of 91 Leads we found in less than 15 minutes.

3. The System We’re Using

Email took 4 minutes to write (incl. research). Got a positive reply in 8 hours.

4. How You Can Get The Same Results

Us You

Our Clients Your Clients

What’s The Problem?

1. Billions Spent on Lead Gen

Since 2011Verizon is spendingover $1.5Bn on lead generation.Every year.

Source: Investopedia

And They’re Not Alone...All industry leaders have multi-billion lead gen budgets.

Source: Vital Content Marketing

2. Low ROI from Lead Gen

Total Fail. Ignored.

Source: Neil Patel

~ $70Avg.

What Happens To Everyone That Does NOT Have

Billions To Invest?

10% - Avg. Marketing Budget

“Companies spend on average 10.2% of their annual revenue on overall marketing.”

Source: Gartner Research

$5M - Avg. Annual Revenue

“The average annual revenue of a small business with a website is $5.03 million.”

Source: Entrepreneur.com

$40K/Month For Sales & Mkt

“That’s not even remotely close to what the big dogs have.”

Source: Common Sense

There Must Be A Better Way...

This drove us to find answers.

So What’s The Solution?

Cold Emails

Took 4 minutes to write.Got a response in 35 min.He bought later that day,after an 8 min phone call.

Cold Emails

4 min time + $0 invested =$350 / month

That’s a3,900%ROI

Source: Patrick Tripp of Adobe

Cold Emails

Why Listen To Us?

Over 1,000,000 Emails Sent

How Do We Know This Works?

Over $20,000,000 worthof leads generated in 1 year.

All from emails sent to people we’ve never met.

The Exact System We Use

a) The simpler the better.

b) Interesting from the client’s POV.

Interesting Subject Lines

Mark’s company develops software.

This makes or breaks the entire sale.

Outstanding First Paragraph

Quick Tip:How To Do Research

In 2 mins

Find out if they’re a good fit

Source: wework.com

Find something personal

Get Miguel’s interest by mentioning his interview.

You can get this down to just 2 minutes per lead.

That’s 30 leads / hour or over 200 in 1 work day.

If you use our system, you’ll get at least a 10% conversion, which leads to 20 interested leads a day.

Research & Results

Now Back To The System...

Fact: Professionals already receive 10s or even 100s of emails daily.

Help Them Respond To YOU

72 Emails received on December 8th.

Write short, personalized, and concise emails with a very easy CTA.

Be The Exception

Positive response within 3 hours.

Same Ryan as before.

If you get a conversation going, it means they’re interested

Yes/No Questions Work Best

Make them say “Yes!” Tell them what to do.and

What Happens When They Don’t Respond To The First

Email?

Use Different Mediums

Email #1

Day 1:

Day 2:

Follow Favorite / Retweet View

Email #2

Day 5:

Add

2 mins

1 mins

2 mins

Total:5 mins

What Happens When They Don’t Respond… At all…

Set a monthly recurring reminder

Day 7:

Monthly:

Follow

Do this for how long?

Until you get a Yes/No answer.

1 min

2 mins

Keep Asking

Send 1 follow-up email / month

We’ve closed sales even after 7 months.

Total time invested: 18 minutes

How To Know What Works Best For You, Specifically?

Use tools like Yesware that help you figure out what works and what doesn’t.

What to test:

Always Test

- subject lines- intro sentences- send times- PS

3 Productivity Tools To Lower Your Time / Email

All 3 Are Google Sheets Add-ons

Allows you to make similar

changes to any number of

cells. Eg:

- Make all lowercase

- Capitalize first letters

- Replace accented

characters

Power Tools

Generates one new column per word from the selected cells.

Split Names

Helps you add information from cells to drafted gmail emails

and send off up to 2000 in a day.

Yet Another Mail Merge

After installing the

addon, click this

button to find out

how to use the tool.

Let’s Recap That Fast

1. Interesting subject line

2. Outstanding first paragraph (incl. research)

3. Yes/No Question + CTA

4. If they don’t respond: Use different mediums

5. If that doesn’t work: Set reminder + Send monthly emails

6. Constantly improve by testing

The Exact System We Use

What Now?

1. Interesting subject line

2. Outstanding first paragraph (incl. research)

3. Yes/No Question + CTA

4. If they don’t respond: Use different mediums

5. If that doesn’t work: Send monthly emails

6. Constantly improve by testing

You can...Do it yourself

1. Interesting subject line

2. Outstanding first paragraph (incl. research)

3. Yes/No Question + CTA

4. If they don’t respond: Use different mediums

5. If that doesn’t work: Send monthly emails

6. Constantly improve by testing

Have us do it for youOR

Starting at $349/mo.

For 110 Qualified Leads

or $699 for Outreach

Any Questions?

Alex Berman

Chief Marketing Sumo @ InspireBeats

Cell: (972) 922-9817

Mail: alex@inspirebeats.com

Twitter: @alxberman

Contact Info