SlideShare a Scribd company logo
How to Achieve a 52%
Reply Rate on Cold Emails
/"
Today’s Speakers
Jason Vargas
MD, Outbound Sales
Manny Medina
CEO
/"
/"
The Proof
340 emails sent
"
302 opens" 177 replies"
/"
1.  Finding the right prospect
2.  Creating an authentic outreach campaign
3.  Outlining sales cadence
4.  A/B test optimizing for opens and replies
5.  Tools to help you along the way
The Process
1. Finding the right prospect
/"
Revenue Employees Technologies
Funding Alexa Rank Business Type
Know your target
/"
Niche Persona Popular Points
of Pain (PPP)
Want Need
-B2B SaaS
companies
-Dedicated
outbound sales
team
-$50-100M in
revenue
-50+ employees
on LinkedIn
-$2M+ in funding
-VP of Sales
-Director of Sales
Operations
-SDR Manager
-Wasting time
-Wasting money
-Missing quota
-Looking bad in
front of the CEO
-More
qualified leads
-More efficient
sales team
-Deeper
understanding
of target
prospect
-Targeted lists
-Accurate
sales data
h#p://predictablerevenue.com/blog/a7sell7ideas7not7stuff7matrix!
!
Sample buyer persona matrix
Definition:
An action taken by a
prospect that suggests
that they are in the
market to purchase a
particular product in
the near future.
/"
Signals
of intent
/"
Signal: started a free trial
Tip: Know which prospects are trying your competitor’s solution by
seeing which websites have added your competitor’s technology each day.
/"
Tip: If you have LinkedIn Premium, use the ‘Save to Contacts’ feature to
keep track of customers when they change companies.
Signal: new leadership
/"
Signal: using a complementary product
Tip: Know which prospects are using a product you integrate with, and
create a campaign to target these users.
!
2. Creating an authentic outreach campaign
/"
LinkedIn Outreach
•  Connect with prospect
•  send prospect a short,
personal note
•  reference this note in
your first email the
next day
Step 1:
Create a human
connection
/"
1.  Intro line: reference
LinkedIn connect
2.  Value proposition:
use a signal of intent
3.  Close: who would
you recommend?
Step 2:
Draft personalized
email
3 key components
/"
If you received this email, would you respond?
Step 3: Self test
/"
Tests
•  Clarity: Is it clear what
we do and what I’m
asking for?
•  Authenticity: Do I
sound like a human?
•  Actionable: Would you
respond?
•  Spelling: (duh)
!
!
!
!
Step 4:
Friend test
/"
To-do list
•  Create email templates
around buyer personas• 
•  Settle on a cadence
for outreach touches
•  Test, test, test!
Step 5:
Templatizing and
Scaling
1
2
3
3. Outlining sales cadence
Number of touch
points
•  No less than 3
•  No more than 7
•  We see doubling or
tripling or quadrupling
of reply rates with
follow-ups after the
first message
•  Mix phone calls with
emails if you can
Mix Your Touch
Points
•  Phone calls
•  Emails
•  inMails
•  Tweets
•  Think about how you mix
these channels to
approach your prospect
Reply Follow-Ups vs
New Threads
•  We see equal reply rates to
simple bumps to existing
threads as we do with new
threads
•  Don’t hammer on your
prospect with tons of
information. Follow-ups as
replies on the same thread are
great.
•  When your emails feel
personal people appreciate
when you follow up on email
Timing of your
messages
•  Think about when does your
prospect actually read emails
and inMails and phone calls.
Time of day?
•  Think about when you read
emails!
•  Think about spacing between
touch points. How long do you
wait?
•  Don’t be too aggressive! Start
spacing it out, give them time
to breathe.
Be Personal
/"
•  Try personalizing messages.
•  Follow-ups can be more
generic, but your initial
messages can contain
personalization. Something
about them or their company
that obviously isn’t mass mail
merge possible.
•  We see 20%-30% improvement
in conversion rate when email
is personalized
•  Try flattery. We saw a jump
from 2% to 7% reply rate on
two different templates, the
only difference was a single line
of flattery.
4. A/B Test Optimizing for Opens and Replies
Be Consistent
•  Work your prospects
consistently
•  Use the same process
across every contact
•  You will need data on what
works and what doesn’t.
Walk away knowing what
works and what doesn’t.
•  You can then test one
process vs. another
/"
Watch For Subtle
Feedback
•  Watch feedback from your
prospects through their actions.
•  What do they open? What do they
not open?
•  What messages are they replying
to and which aren’t?
•  When are they opting out? It’s an
indication you were irritating them,
or weren’t personal enough. High
opt out rate (over 10%) is good
data, it means you need to re-
evaluate your approach.
/"
Start A/B testing
•  A/B testing is simple! In any
given touch point, give half
the prospects one email, and
half the other. It could be as
simple as a different subject
line. It could be as simple as a
line of flattery vs not. Or
personalized vs not.
•  You should have at least one
A/B test in a sequence.
•  You can continue to iterate on
your process over time.
•  Get 150 or more data points
before drawing conclusions
on any given touch point.
/"
Effort vs Touch Point
•  Understand how many
touches you need to drive
engagement, ie reply rates
•  What touch points drive the
highest replies
•  Try interspersing valuable
content in your follow ups.
Does it work?
/"
5. Tools to Help You Along the Way
/"
Lead Generation and Intelligence
Access professional
profiles
Uncover new targeted
accounts and contacts
Outsource your sourcing
Verify email addresses
/"
Communication
Follow up reminders
and send emails later
End-to-end sales
cadence and
automation
Email templates and
tracking
/
Email drip campaigns
/"

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How to Achieve a 52% Reply Rate on Cold Emails

  • 1. How to Achieve a 52% Reply Rate on Cold Emails /"
  • 2. Today’s Speakers Jason Vargas MD, Outbound Sales Manny Medina CEO /"
  • 3. /" The Proof 340 emails sent " 302 opens" 177 replies"
  • 4. /" 1.  Finding the right prospect 2.  Creating an authentic outreach campaign 3.  Outlining sales cadence 4.  A/B test optimizing for opens and replies 5.  Tools to help you along the way The Process
  • 5. 1. Finding the right prospect
  • 6. /" Revenue Employees Technologies Funding Alexa Rank Business Type Know your target
  • 7. /" Niche Persona Popular Points of Pain (PPP) Want Need -B2B SaaS companies -Dedicated outbound sales team -$50-100M in revenue -50+ employees on LinkedIn -$2M+ in funding -VP of Sales -Director of Sales Operations -SDR Manager -Wasting time -Wasting money -Missing quota -Looking bad in front of the CEO -More qualified leads -More efficient sales team -Deeper understanding of target prospect -Targeted lists -Accurate sales data h#p://predictablerevenue.com/blog/a7sell7ideas7not7stuff7matrix! ! Sample buyer persona matrix
  • 8. Definition: An action taken by a prospect that suggests that they are in the market to purchase a particular product in the near future. /" Signals of intent
  • 9. /" Signal: started a free trial Tip: Know which prospects are trying your competitor’s solution by seeing which websites have added your competitor’s technology each day.
  • 10. /" Tip: If you have LinkedIn Premium, use the ‘Save to Contacts’ feature to keep track of customers when they change companies. Signal: new leadership
  • 11. /" Signal: using a complementary product Tip: Know which prospects are using a product you integrate with, and create a campaign to target these users. !
  • 12. 2. Creating an authentic outreach campaign
  • 13. /" LinkedIn Outreach •  Connect with prospect •  send prospect a short, personal note •  reference this note in your first email the next day Step 1: Create a human connection
  • 14. /" 1.  Intro line: reference LinkedIn connect 2.  Value proposition: use a signal of intent 3.  Close: who would you recommend? Step 2: Draft personalized email 3 key components
  • 15. /" If you received this email, would you respond? Step 3: Self test
  • 16. /" Tests •  Clarity: Is it clear what we do and what I’m asking for? •  Authenticity: Do I sound like a human? •  Actionable: Would you respond? •  Spelling: (duh) ! ! ! ! Step 4: Friend test
  • 17. /" To-do list •  Create email templates around buyer personas•  •  Settle on a cadence for outreach touches •  Test, test, test! Step 5: Templatizing and Scaling 1 2 3
  • 19. Number of touch points •  No less than 3 •  No more than 7 •  We see doubling or tripling or quadrupling of reply rates with follow-ups after the first message •  Mix phone calls with emails if you can
  • 20.
  • 21. Mix Your Touch Points •  Phone calls •  Emails •  inMails •  Tweets •  Think about how you mix these channels to approach your prospect
  • 22.
  • 23. Reply Follow-Ups vs New Threads •  We see equal reply rates to simple bumps to existing threads as we do with new threads •  Don’t hammer on your prospect with tons of information. Follow-ups as replies on the same thread are great. •  When your emails feel personal people appreciate when you follow up on email
  • 24. Timing of your messages •  Think about when does your prospect actually read emails and inMails and phone calls. Time of day? •  Think about when you read emails! •  Think about spacing between touch points. How long do you wait? •  Don’t be too aggressive! Start spacing it out, give them time to breathe.
  • 25. Be Personal /" •  Try personalizing messages. •  Follow-ups can be more generic, but your initial messages can contain personalization. Something about them or their company that obviously isn’t mass mail merge possible. •  We see 20%-30% improvement in conversion rate when email is personalized •  Try flattery. We saw a jump from 2% to 7% reply rate on two different templates, the only difference was a single line of flattery.
  • 26. 4. A/B Test Optimizing for Opens and Replies
  • 27. Be Consistent •  Work your prospects consistently •  Use the same process across every contact •  You will need data on what works and what doesn’t. Walk away knowing what works and what doesn’t. •  You can then test one process vs. another /"
  • 28. Watch For Subtle Feedback •  Watch feedback from your prospects through their actions. •  What do they open? What do they not open? •  What messages are they replying to and which aren’t? •  When are they opting out? It’s an indication you were irritating them, or weren’t personal enough. High opt out rate (over 10%) is good data, it means you need to re- evaluate your approach. /"
  • 29. Start A/B testing •  A/B testing is simple! In any given touch point, give half the prospects one email, and half the other. It could be as simple as a different subject line. It could be as simple as a line of flattery vs not. Or personalized vs not. •  You should have at least one A/B test in a sequence. •  You can continue to iterate on your process over time. •  Get 150 or more data points before drawing conclusions on any given touch point. /"
  • 30. Effort vs Touch Point •  Understand how many touches you need to drive engagement, ie reply rates •  What touch points drive the highest replies •  Try interspersing valuable content in your follow ups. Does it work? /"
  • 31. 5. Tools to Help You Along the Way
  • 32. /" Lead Generation and Intelligence Access professional profiles Uncover new targeted accounts and contacts Outsource your sourcing Verify email addresses
  • 33. /" Communication Follow up reminders and send emails later End-to-end sales cadence and automation Email templates and tracking / Email drip campaigns
  • 34. /"