This single cold email made me $300,000
Nowadays, you canât log in to your email or LinkedIn without being assaulted with spam messages.
But 99% of it sucks.
Itâs just not relevant, nor personalized.
Itâs clear whoever is sending these spam messages is sending them to thousands of other people, and is on a bit of a fishing expedition.
You either ignore, delete or block them, but not before youâve rolled your eyes.
Itâs not that cold outreach doesnât work.
Itâs that people arenât doing it right.
In order for a cold email or message to get a response (and not a snarky one), it needs to tick the following boxes.
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1. Personalized
Just because youâve used merge tags to personalize someoneâs first name and company name does not make your message personalized.
True personalization requires research, and this is why most people suck at cold outreach.
a) Start with a Compliment
A truly personalized email starts with a compliment about something the target prospect said or did recently.
For example:
âSaw your webinar on Gen AI and loved your take on moving from a knowledge economy to an allocation economyâ.
This shows that youâve done your research and youâre not just another spam bot taking a machine gun approach to sell SEO or lead gen services.
b) Highlight a Pain or Need
Second, you should follow up the compliment with a hard-earned observation that uncovers a pain they have.
If Iâm selling SEO services, then I might say something like:
âI noticed organic traffic to your website is just 200 users per month. Your competitors such as Company X generate over 20,000 users per monthâ.
This not only suggests that their SEO is poor, but also that theyâre losing market share to a competitor who is doing it better.
Sending emails with this level of personalization might take an extra 10 minutes of research per email, but it is far more likely to get a response than a generic message.
2. Targeted
Itâs not enough to personalize your emails.
They need to go to the right people. People with decision-making authority and budget (or at least people with enough influence in the organization to get budget).
For example, if Iâm selling SEO services, then Iâm likely targeting a CMO or a Head of Marketing, or if itâs an early-stage company, a Founder.
In addition, I should be targeting organizations in industries where SEO matters â probably not mining.
Thereâs no point sending such a message to the Head of HR at BHP selling SEO services, for example.
3. Timely
Finally, while you might hit on a pain, it might not be the right time. Companies have limited resources and budgets that mean timing matters.
For example, if I know a company has raised capital recently, then theâre far more likely to start allocating budget to things like marketing and growth.
If I know that a CMO has been in the press recently talking about refreshing their marketing strategy, it might be a good time to reach out.
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My $300,000 Cold Email
Back in 2017 when I was running Collective Campus, a corporate innovation consultancy and startup accelerator, I was using theses methods to grow our business.
I would have a team member use tools like Google Alerts to track media mentions of keywords like âdigital transformationâ and âcorporate innovationâ, among others.
Theyâd then compile a list of signals such as âCEO from Company X mentioned in the Publication Y talking about companyâs growing investment in Digital Transformationâ.
And finally, weâd reach out to these executives with cold messages, taking into account these timely signals.
Here it is.
In retrospect, the email could have been much better.
It could have been further personalized to mention what was said in the article, and how what we do can help but it worked anyway.
The response came fast â literally 11 minutes later.
The sale did, too â less than 2 months later, which is really short when selling six-figure contracts to large corporations.
This is because we had all of the ingredients necessary.
Our target had budget available, authority to decide, a need we were filling, and the timing was right. Or as sales folks say, there was BANT.
And a short month later, we had announced the program in Australiaâs pre-eminent business publication, the Australian Financial Review.
Who said corporate sales cycles were long?!
Cold Message Template
If youâre looking to give this a go yourself, give the following format a go.
Hi X
Compliment.
Highlight pain or need.
How you can help (âweâre a content agency that helps companies like yours do Xâ)
One relevant case study (âweâve helped companies in your industry such as X, Y, and Z grow their online footprintâ)
Call to action (âbook a call or let me know when youâre freeâ).
Or if youâd rather have someone else do this for you, send me an email.
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