How I’m Getting a 29% Response Rate from Cold Emailing
Startup sales can be incredibly daunting, not to mention time consuming. It can take ages to perfect the process, especially you're like me and have no previous sales training.
The following process is far from perfect. I’m not a natural salesperson nor do I have ‘the gift of the gab’ but the process gets results.
Below are 9 simple steps I’m using to get a:
- 50% open rate (138% increase on the industry average)
- 29% response rate
- 5% conversion rate
This is the result of over 18 months of trial and error, and hopefully I can save you from the many painful mistakes I’ve learnt along the way.
You can use this process for your own business, just adjust the copy so it's relevant to you and make sure you're tracking your emails.
I use Base to manage my leads and also for emailing. Base connects with your email account so it's really easy to keep track of your emails and you can also do personalised bulk emailing so the emails look like they are coming from you rather than a mailing list (which you can't do with Mailchimp).
1. Know Who You’re Targeting
Before you even open your email client, you need to know who you’re going to email. You should have already done some research and determined the individuals or companies whom you believe would benefit from buying your product.
Next, you need to speak to the right person within the organisation. You can have the best crafted email in the world, but if you send it to the wrong person it will never get the result you want.
You should always aim to contact the person who will make the decision on whether or not they will use your product. There is no point in pitching your enterprise marketing tool to someone in the accounts department.
For small businesses, contact the owner. For larger organisations, it can be difficult to know who to speak to but LinkedIn is a great tool for this. You can easily search for a job title within an organisation to find the relevant person.
Just search for job title at company name in the search box, eg.
Event Manager at Red Bull
A combination of guesswork and Googling will now enable you to uncover this individuals email address.
2. Choose a Subject Line That’s Relevant
The only factor in getting someone to open your cold email (if they don't reconise your name) is a compelling subject line, so think about this carefully. This needs to be extremely relevant to the person you are contacting.
I could have used a vague offer like: “Would you like to earn 10% more from your ticket sales?” but this is too generic. Instead, I use a very targeted subject that is bespoke to the individual I’m emailing:
Tickets for Break Conference 2015 in November
This approach is getting a 50% open rate, a 138% increase on the industry average of 21%.
Because referring to the customer's business/event name is extremely focused and relevant to them.
It also doesn’t look like spam because it’s personalised.
You could argue that I’m tricking people into believing that I’m contacting them about buying a ticket for their event, but I’ve benchmarked this against the subject: "Ticketing for Break Conference 2015 in November" with little variation in the results.
3. Know Thy Name
I get loads of cold emails myself and one of the things that surprises me is that many of them begin with a generic “Hi” and fail to include my name.
Do I read past this? Absolutely not, it’s obvious that I’m just one of potentially thousands of people that are being contacted in a mass email campaign and this person has no idea who I am, what my business does or why I should buy their product. I’m just a number in an email database.
You should always, always, always address the person by name. It’s a common courtesy that if you are contacting someone, you have some understanding of who they are and addressing them by name will drastically increase your chances of them reading your email and responding.
If you’re emailing an organisation, sometimes finding the name of the right person to speak to can be tricky. If you can’t find this person on LinkedIn, then most websites will list an email@example.com address.
Rather than spamming these with a generic “Hi” message, simply email the address and ask for the contact details of the relevant person you need to speak to.
If all I can find is an info@ address, I always precede my sales email with a courtesy email requesting the event managers contact details.
Good morning, I hope this finds you well. Would you please be able to put me in touch with the relevant member of your team responsible for organising your events? Thank you in advance. Kind regards, Kyle
In most cases, I get a reply with the relevant contact details then, I email the correct person directly.
In my sales email I also use the persons name several times throughout the email:
I know you're probably very comfortable with your current solution Chris
I look forward to hearing from you soon, Chris.
If you’re ever read Dale Carnegie’s “How to Win Friends and Influence People” (if you haven’t, you really should) you’ll know that people love to hear their own name. So use it as often as possible without it sounding too weird.
This also helps to compound the fact that this is a personalised email, not an automated email campaign.
4. Introduce Yourself
You’ve got your prospects attention in the subject line, they’ve opened your email and they’re proceeding to read it. Now you need to build rapport quickly, build a connection and gain their trust.
Note: Your email should always come from a person, not a generatic email address like firstname.lastname@example.org. People like to buy from people.
The first thing you should do is: introduce yourself, explain what you do and explain why you’re contacting them. I try to make this as conversational, friendly and relevant as possible.
Hello from Belfast! I hope this finds you well. Please let me first introduce myself – my name is Kyle Gawley, I'm the founder of an online ticketing business called Get Invited, based here in Ireland. I'm reaching out to you because I came across your Break Conference event and I think we may be able to help you with regards to ticketing at this years event.
I always use the opener “Hello from Belfast!” (Hat tip @fehler). It’s a versatile opener – I can use it to instantly build rapport with people in Ireland and the UK by establishing a local connection.
I can also use it when emailing someone in the USA, because it’s a well know fact that Americans love Ireland.
From here, I give a very basic outline of what I do and then get to the point quickly, again customising the message to the person I’m emailing by referencing their event again.
Including a photograph at the top of your email can also go a long way to help build the relationship, trust and also validate that your email is coming from a human being.
I also hyperlink any mentions of Get Invited to our homepage, so people can easily follow the link to find out more.
5. Sell The Benefits
If you’ve still got your prospects attention, now you can sell them the benefits of your product. Nobody cares what’s in it for you and nobody cares about all the cool features you have, they care about what the benefit of using your product is to them.
- Will it save them money?
- Will it help them make more money?
- Will it save them time?
- Will it make them look good?
- Will it make their life easier?
Use a bullet point list to showcase your benefits and tailor this to the customer. Some people might care about pricing – emphasise this. If you know how much they’re paying already, then show them how much you can save them:
We can save you 40% on your current monthly subscription cost
Here's the list I've been using in my emails:
We can offer you: • Beautiful, premium designed webpages to promote your event online • Competitive pricing at just 2% + 50p (free events are always free!) • Get your money every 7 days – we don't hold it until after your event • Sell tickets on your own website with a stylish widget (with no redirect from your site to ours) • Easy to use and beautifully designed to look great on every device • Manage your event on the move from your laptop, phone or tablet • Free mobile app for saving time and scanning tickets at your event • Free help and support (we're always here when you need us)
6. Provide Overwhelming Proof
You’ve made a compelling offer, your prospect is interested – now you just need to provide proof that you can actually deliver on your offer. Include a short paragraph that shows that you’ve done this before. Reference your biggest customers or provide a testimonial.
I use the following line:
We've helped thousands of event organisers just like you to organise events across the globe. Everything from major festivals in Ireland, like CultureTECH, to one of the worlds largest technologies conferences, LAUNCH in San Francisco.
I tailor the first namedrop to suit the location of the person I'm contacting so I'm referencing an event they're familiar with.
7. Provide a Clear Call to Action
What exactly do you want the prospect to do? Is it to visit your homepage? Sign up for a demo or do you need to schedule a follow up call to close the deal?
I use a variety of CTA’s depending on the prospect and complexity of the deal:
1. I’d love you to sign up and have a look around, if you have any questions – please just hit the reply button. I'm here any time.
2. I know you probably have a few questions and I’d love to answer them, when would suit for me to give you a quick call?
8. Test, Measure, Rinse & Repeat
Building an email that works is an ongoing process that requires testing and refinement. The example I’ve used here has been the result of continuous refinement over the course of 18 months and it’s far from perfect. I continually tweak it, test different approaches and measure which variations get the best open rate and engagement rate.
We’ve built our own tool for tracking the open rates, responses, whether someone has clicked the link to our homepage and if they've signed up. There are lots of tools out there that you can use for this without having to build your own. Don’t use Mailchimp and I’ll explain why in a moment.
What should you be testing?
- the subject line that gets the most opens
- the email copy that gets the best engagement
- the email that gets the best homepage click through rate
- the best day to send emails
- the best time to send emails (Thursday after lunch works best for us)
9. Follow Up
Executing this process successfully requires much more than sending a single email: people are busy; your email may get lost in spam; or people may simply forget to reply.
You should always follow up a week later with a gentle reminder –
Hi Chris, I hope you are well. I'm just following up on my previous email from last week to see if you had a chance to consider Get Invited? I'd love to have a quick chat with you to demonstrate how we could help you with your next event. Would any particular time suit for me to give you a quick call?
Many people don't get back to me until the second email, so don't give up on the first attempt!
Continue the Conversation on Social Media
At the foundation of every successful sale is a relationship, so it’s not just about sending a single email to a potential customer. You should continue to build the relationship elsewhere on other channels too.
In addition to connecting with people on LinkedIn, I’ve started using Twitter lists to track prospects and current customers. This enables me to learn more about our customers, their interests and also interact with them outside of a ‘sales’ environment.
If your customers are local, you should make an effort to meet with them in person too.
Use a Good CRM
Engaging your prospects in a conversation is just the beginning of the process. There will be lots of follow up actions like emails, demos or phone calls and you'll need to maintain military discipline in order to manage it.
If you say you'll call a customer at 3pm on Wednesday, then you better call them at 3pm on Wednesday. A good CRM tool will send you reminders when you need to make a call and it will allow you to keep a record of previous conversations.
Warning: Do Not Fully Automate This Process
While it can be tempting to build a list of thousands of people and mass email them through a service like Mailchimp, this is not a good strategy for a first email.
Why? Because nothing screams spam like an unpersonalised email with a Mailchimp logo and an unsubscribe link in the footer.
To make your cold emailing work there is a degree of research and personalisation required to cut through inbox noise and to start building a relationship with your customers.
It’s fine to use a template as a basis, but you need to tweak it each time and tailor it for the person you’re emailing.
For example, you might have a canned list of features and benefits, but you can tailor these depending on the customer.
We put more emphasis on the design aspects of Get Invited when contacting customers running design events. For small businesses, we focus on our 7 day payout window.
Putting it All Together
My final email looks like this, it’s not perfect but it gets results.
What tactics have worked for you? Drop me a reply @kylegawley