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Have A Checklist!!!

Experts need checklists–literally–written guides that walk them through the key steps in any complex procedure.

sri 2 years ago
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Be A Pro!

professionals deal with the increasing complexity of their responsibilities.

sri 2 years ago
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You need an extrovert

Someone who writes the company blog is good

sri 3 years ago
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ARCTANGENT!

sri 3 years ago
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QUESTION

Can we get meetings with big name company executives by sending them an email requesting a meeting where we can convince them to give us money?

sri 3 years ago
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Get an executive to sell with you.

When navigating any complex client organization you can usually identify multiple executives who exert power and influence over buying decisions. However, for each sales opportunity there is typically one executive who is most relevant to your success.

Identifying that relevant executive may be the best use of your time in your next sales campaign. Who is the relevant executive? The executive who stands to gain or lose the most from your sales opportunity.

Why is it so critical to identify the relevant executive? Because that executive can often exert his informal influence to either proactively make a buying decision or usurp a buying decision made in the formal decision-making process. Salespeople are usually very tuned to the formal decision-making process — it’s the one that is described in the RFP or articulated by those who actively participate in the formal decision-making process. But in nearly every sales opportunity there is an informal decision-making process in play. Successful salespeople understand that the informal process always trumps the formal process.

But how do you identify the person with the most informal power as it relates to your sales opportunity? To begin, you should constantly be aware of what’s happening in the organization. Observe how major buying decisions are made, who wins when re-organizations take place, and which executives receive the special assignments that are meaningful and significant. In addition, look for who’s connected to each other within the organization. Notice which executives are tapped to lead new projects of high importance. Discuss these events with your supporters or mentors in the client organization — and then triangulate your information to develop your conclusions.

Then, if you can align with the relevant executive for your sales opportunity and spend some quality time with that person — you will significantly reduce the time you spend trying to close the deal.

Your most important objective is to get this relevant executive selling for you. Salespeople often talk about their coaches in client organizations and their value when buying decisions are about to happen. I view the role of a coach as someone who is on the sidelines cheering you on, and perhaps even being very open about their support for you, your company, and your solutions — when you are in their presence. What I like to cultivate is someone in the organization who not only openly supports you in your presence — but someone who sells in your absence — especially when you are in the middle of a sales campaign. After your presentation is over and you’ve left the building, this is the person who will stand up and openly support you and your solution. If you can turn the relevant executive into this person, the results can be very powerful.

Have you tried this approach? If so, what results have you seen?

sri 3 years ago
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Cold Emails That Worked

To get there, I used both cold emails and intros. The results – cold emails produced 7 meetings at Twitter, Klout, LinkedIn and more – 5 installations. Intros – 9 meetings which led to 2 installations. I’ve been using mostly cold emails ever since and I’ve learned that with prospects, bloggers and advisors I get much better results.

Why cold emails work better than intros

Find the early adopters – using cold emails flushes out the people who are really interested in trying out a new product. Some of the people I met through intros really liked what we are doing but the last thing on their mind was to start using a new tool, their hands were already very full. I learned that people you approach through intros will probably meet with you as a favor to someone else but they won’t use a new product unless they have a good reason, time and will. If they don’t have the time and will, they won’t answer your cold email, so you can save some valuable time for you and them.

Reach exactly who you need – by using cold emails I was able to reach exactly the right people in the organization, and that usually made a huge difference. You need to reach certain people, not companies.

When I started out, it felt like I would be able get to any company I wanted. “Oh, sure, I know someone at Twitter/ Dropbox/ Evernote/ Foursquare” – I heard this from every other person I talked to and was sure that getting Takipi to those companies was just one step away.

C level intros,“I know the CEO/ CTO/ CIO of X” – unless it’s a very small company these intros usually consume lots of resources and don’t lead to the right person. You have a great meeting with the CTO, he refers you to someone else, who refers you to someone else who is usually, well, mmm, how to put it, not the busiest guy in the company. Or, in other words, after 3 meetings you get to someone who is not your ideal user but is basically someone who has the time to meet other companies.

“I know someone at finance/ UX/ sales” intros – I think you have better odds with cold emails. The tech guy (in our case, can be the marketing/ biz-dev or any other position) doesn’t see the person who referred you as an authority, so you go back to “I’m meeting you as a favor to someone”.

Who to write to and how to find them

I start out by making a list of companies I’m interested in. Although LinkedIn seems like the first logical place to start looking for contacts inside these companies, I actually prefer to first search other social networks. I found out that people who are more active on Twitter, give talks at meetups, blog or contribute to open source projects are more likely to answer cold emails and more importantly – more likely to try out new products.

I start by looking for the person who writes for the company blog. I look for talks on YouTube, Twitter accounts, presentations on Slideshare/ SpeakerDeck, projects on GitHub. If I don’t find the right person there I go over to LinkedIn and then Google the different people who might be interested in Takipi to see who has a more active social profile. If I don’t find anyone within the company who seems like a right person to approach – I move on to the next company. If it doesn’t feel right don’t do it, if you don’t have a good reason to approach this person – spare their time.

How to find the email address

If it’s not public, I use Rapportive and try out a few email addresses until I see which one is connected to LinkedIn/ Twitter/ Google+ or another account. For example, if I want to write to John Silver at CompanyName, I’d try john@companyname.com, johnsilver@companyname.com, jsilver@companyname.com, john.s@companyname.com etc. until I find a match. Each company has its own email convention – firstname.lastname, first letter from the first name + last name, etc., so sometimes I look for a random email address of someone from this company (just Google “@companyname.com” or look for the biz-dev/ evangalist/ support emails (which are easier to find) and match the convention. Here’s the full guide to finding Anybody’s email address and this great spreadsheet which will help you be creative once you’ve exhausted the first few attempts.

rapportive This is how my email looks like at Rapportive Email or LinkedIn message?

I got better results with emailing than with sending LinkedIn messages.

What if you email someone and don’t get a reply?

Well, it’s time to email someone else at the same company. Some of my best meetings were with the second or third person I emailed within the same company. I usually wait about 3-4 days before moving on. I used to think it might be a bit awkward if my #1 choice says something, but the truth is that they probably haven’t even opened the email or they totally forgot about it.

Getting meetings with 4 out of 10 people you cold email

Nowadays, I get replies (and a meeting/ call) from about 30-40% of the people I cold email. With the the first batch of cold emails it was 0% (10 out of 10 never got back to me) and later on it was about 10-20% (about 3 positive replies from 20 emails). Here’s what I changed :

Subject – the more specific and to the point, the better

The subject line I use now is “Server debugging in Scala/ Java at Companyname”. I started with subject lines such as “new product”, “new way to”, “feedback for a startup company”, etc. Didn’t work. It was very interesting to see that once I added the “Scala” or “Java”, depends on what the company is using, it immediately increased the response rate. Adding the company name also helps as it highlights the fact that it’s a personal email and not an automatic one. People like hearing their name and the name of their company.

Coldemail_prospects

Here’s a different example of a cold email subject – this time an email I sent to VentureBeat asking them to feature one of our blog posts. Got a yes.

coldemail_blog

You’re emailing a specific person, not a company

One of the main things I learned during my startup days is that there’s no such entity as a company. It’s a group of different people, each one of them has their own goals, interests and thoughts. Your customer is not the company but a person within the company. I usually try to refer to something they wrote about in the past, a talk they gave or a GitHub project they’re working on. If you don’t have something relevant to say, don’t, but usually you’ve decided to reach out to that person because of an interesting GitHub project he’d been working on, past experience, certain expertise and so on. There’s a good reason you’re approaching him/ her; you can mention it.

Coldemail_prospects2

Why what we do can help your company?

This is not very different from the usual positioning of your product. I always find that focusing on which immediate problems our product can solve works much better than describing the entire product or the technology. I also discovered that adding examples to each scenario we presented helped to get more replies.

Keep it short but make it easy to find more resources

Nobody likes getting long emails. I usually try not to go over two paragraphs. However, I do want it to be extremely easy for the recipient to find out more without going to Google.

I add a one-pager and a screenshot. All lightweight files. If you don’t like adding attachments or think it might lead your email to the spam folder, then add them as a link.

I add a link to our video, embedded in the email itself.

There are at least 4-5 links in my signature – Twitter, LinkedIn, personal blog, company blog. I think people are always interested in seeing who’s behind the email. If you have a cool Twitter account, an active blog, interesting GitHub projects, etc., it adds some major points.

I don’t ask the recipient to do anything with the attachments (no “I’ve attached a one-pager”), if they want to read more they’ll find it.

Ask specifically for what you need, don’t try to it cover up

When I started to cold email prospects I asked for feedback, thoughts or advice. It didn’t work. I found out that the more direct I am the more likely I am to get a meeting. If I’m mailing potential users I write that I want them to try out Takipi on their production servers. If I’m looking for advice I try to be as specific as possible (“I wanted to hear your opinion on SaaS vs. on-premises”, for example). When you’re seeking help, people are more likely to answer if they feel they can really help you. When you’re very specific and asking something directly related to their domain there’s a much higher chance they’d be interested in meeting you.

Who is the best person in the company to send out the cold email from (who should be the sender)?

Do people prefer to receive an email from a techie/ product manager/ community manager/ co-founder or a CEO? For our audience (developers) a co-founder in a technical role worked best. A co-founder brought better results than the CEO or a non-founder employee.

Why now?

You don’t want recipients to feel that cold emails is your go-to-market and that that’s what you’ve been doing every day. There should be a special cause for contacting them at this specific point in time. You may be visiting town, you may have just released a new feature which might be very relevant to them, or you could be facing a business dilemma. Once you have a good reason why you’re contacting them now, it puts the email in a different light.

What didn’t work?

Don’t cold email without a great website

This is the first lesson I learned about cold emails – if you don’t have a website (a real one, not a landing page), it’s extremely hard start a conversation with users. Many users do want to be beta users but no one wants to use a product of a company which doesn’t seem ‘real’ and professional. I tried to cold email a bit when we had a very basic mini-site and got zero replies.

No specific call to action

“Would love to hear your thoughts”, “Show you what we’re doing”, “was very impressed by your post and would love to connect”, etc., don’t really work. What worked best for me was being very specific – scheduling a meeting for a specific week, asking to demo the product and if they’d like to install it on their servers.

The double/ triple check

One of the techniques that other startups shared with me is to email the same recipient once, twice or more before giving up. The second email is usually sent about 3-4 days after the first one, asking if they’ve received the first email and making sure it didn’t land in their spam folder. The third email usually explains why you’re nagging them and why you’re so interested in them or their company. This didn’t work for me, but that may be because I’m targeting developers which are a different kind of audience. I would definitely give it a shot when emailing very busy people.

Some other great resources

Noah Kagan with “One of the best cold email I’ve EVER received” – not sure about the shoes bribe but the “I’m jewish” sure made me smile.

Scott Britton with some great Do’s and Don’ts. I like his A/B test results about introducing himself and the company (didn’t work). I got the same feeling as well. Nobody is interested in reading your bio or learning about the company’s (great) investors.

sri 3 years ago
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Ideas for JOLED email

Would you be interested in trying out our approach to AMOLED backplanes?

sri 2 years ago
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ARCTANGENT!

sri 3 years ago
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Generic email structure

  • Headline question?
  • How are you?
  • Information.
  • We can help you X.
  • Why don't we set up a short meeting?
sri 3 years ago
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What is a TFT backplane?

sri 2 years ago
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It's all QUESTIONS

An executive can be reached on voicemail and if you ask the right question in the voicemail it'll cause them to call you back and set up a meeting and do a deal as soon as possible, ok?

sri 3 years ago
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question in the title

Hermetic Lid Assembly for XYZcorp?

sri 3 years ago
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Information types

market entry strategy, potential strategic alliances and regional and global market information.

sri 3 years ago
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Voicemail is better?

Every executive checks their voicemail religiously and will write down our phone number and call us back ASAP if we leave a message that causes emotions.

sri 3 years ago
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Refer to them

Refer to something they wrote about in the past, a talk they gave, a project they're working on right now.

sri 3 years ago
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