Cold Outreach Strategies That Work in 2024

By: Jack Reamer |
 January 9, 2024 |

There’s probably nothing more frustrating than implementing a cold outreach strategy (or hiring a lead generation agency) that yields little to no results. 

Your time and money are precious; So when it comes to implementing outreach campaigns, you want to use a strategy that brings positive results. 

This means, skipping the sleazy sales pitches, using personalized outreach messages and really obsessing about what your ideal buying customer is. 

So if you want better response rates that lead to sales, try the following cold outreach strategies this year. 

(At Salesbread we specialize in LinkedIn and cold email outreach, and within the past 24 months, we have managed to generate close to 7000 qualified sales leads for our clients, by using the methods below. Did you know that we offer free 15-minute strategy sessions? If you’re interested, hit the button below.)

What is cold outreach and why do many prospectors fail at generating qualified leads?

Cold outreach is simply reaching out to a total stranger, whether it’s through phone calls, social media platformssales emails or messaging, and trying to convince them to buy your product/service

But here’s the problem…

Many lead generation agencies or salespeople use sleazy pitches, the same copy/paste generic automation-based messages, and very basic prospecting lists in their marketing strategy

For cold outreach to be successful, you have to:

A.) Build in-depth prospecting lists based on current buyers’ data

B.) Reach out to people who have the buying power

C.) And write ultra-personalized messages that resonate with your ideal customer. This actually means researching each person on your list, and writing something very specific just for them. 

D.) You then have to follow up consistently and ask for a booked meeting or sales call. 

If you don’t follow this approach systematically, you risk failure. This approach can apply to LinkedIn outreach, cold calling and even cold email campaigns for more conversion rates

Here’s how to do it…

Build a prospecting list based on your current buyer’s data

Most companies and sales teams have an idea of who they should be targeting. 

For example, you might want to go after SEO agencies in America that have between 50 – 100 employees, with a marketing budget of X.  

And then reach out to all these companies. 

But you run the risk of lower conversion rates if you reach out to a broad list like the one above. 

Wouldn’t it be better to reach out to 500 ultra-qualified prospects who will say yes to a booked meeting, than 2000 prospects who might be a bad fit? 

This is why at Salesbread we build lists based on current buyer’s data for our clients. It helps us paint an in-depth picture of exactly who to target.

So have a look at who has purchased your product/service within the past 6 months, this will give you an idea of who your ideal target audience is.

Then ask yourself…

What do all my current buying customers have in common?

For example:

  • Which industries are they in? Saas? Content marketing? Health and wellness?
  • If they are in a specific industry, what do they specialize in? List building? Psychiatry? Accounting software?
  • Where are these businesses located? 10 miles from Alaska? South Africa? 
  • What’s the size of the company? 1-10 employees? More than 100?
  • Have they recently been funded?
  • Do they have a specific marketing budget?
  • If they do, where are they spending their advertising budget? Instagram? Television ads?
  • Who is on their payroll?
  • Do they use the same CRM tools? Like Hubspot or Salesforce.

At Salesbread we use 34 different filters to find patterns between buyers, and this helps us create look-a-like lists of prospects to go after. 

Some include:

  • Marketing strategies (such as investing in advertising and analyzing website traffic)
  • Online communities (like the LinkedIn group focused on marketing strategies for law firms)
  • Customer feedback (seeking businesses ready to sell, specifically targeting highly-rated ones mentioned as “family-owned” in local listings)
  • Geographical locations (either through zip code databases, city directories, or lists of states/countries)
  • Multilingual content (identifying websites that feature documents in German and Spanish languages)
  • Specific industries (such as Fintech, Regtech, Automotive, and U.S. universities)
  • Available services (including offerings like cold email outreach or “pen-testing” services)
  • Technological preferences (companies using Enterprise Slack, for instance)
  • Local market exploration (identifying newly established hotels along the East Coast)
  • Web functionality (highlighting companies with live chat support or an aesthetically pleasing app interface)
  • Search criteria (targeting businesses that mention GDPR compliance on their law firm homepage)
  • Engagement in industry events (identifying participation or sponsorship in events like MOZCon)
  • Recruitment status (companies currently seeking product designers)
  • Intention-based data (identifying companies actively looking for video production services)

Here are some platforms you can use to find this kind of information:

  • Secured funding: Utilized platforms like Angel.co and Crunchbase for fundraising efforts
  • Business acquisition: Reported acquisitions sourced from platforms such as TechCrunch and Angel.co
  • Recruitment: Used resources like Indeed.com for hiring purposes
  • Recognition or awards: Identified through alerts from Google Alerts, industry-specific websites/directories, or the company’s own website
  • Public relations crisis: Monitored using Google Alerts with specific keywords (“Company” AND “Disaster”) OR (“Customer” AND “Outraged”)
  • Launch of a new advertising campaign: Observed through SpyFu.com
  • New hires: Tracked via LinkedIn Sales Navigator or the company’s official website
  • Market expansion Sourced information from SpyFu.com, LinkedIn News, TechCrunch, and Google Alerts (“Enters New Market”)
  • Special occasions (such as 4th of July, Anzac Day): Marked and tracked through Google Calendar
  • Seasonal variations (e.g., winter/summer): Monitored using Google Calendar for cyclical sales events
  • Company milestones (e.g., anniversary): Researched on LinkedIn or Who.is to determine the initial website domain acquisition date
  • Product features: Recognized through Product Hunt’s platform
  • Poor employee ratings: Detected on platforms like Glassdoor.com

And yes, this takes time. In fact, it takes us a week to build ultra-refined prospecting lists.

But if you implement this strategy the chances of receiving higher conversion rates will be greater, and this is why we tell our clients to expect 1 qualified sales lead per day.

Why?

Because you’re reaching out to people who need what you’re selling, who have the buying power, and who have the budget. 

Once your list is built, you then need to find the right people to reach out to at your target accounts… 

Here’s how…

During this step, it’s important to invest in outreach tools such as LinkedIn Sales Navigator, and Expandi.

You will then plug your list of accounts into Sales Nav and start using various filters to refine your list further and find the right people to reach out to. 

You might want to use filters such as:

  • Job title
  • Keywords
  • 2nd-degree connections
  • Groups

Just a word of caution…

Sales Navigator is only 33% accurate. 

This is why we suggest having someone triple-check the data. 

Once you have a list of prospects, you can reach out to them via LinkedIn messaging, or create a cold outreach email campaign.

We will discuss both options and how to do this. 

Pro Tip: Use a multi-channel strategy. For example, at Salesbread we use LinkedIn, email and SMS. So if a prospect doesn’t respond via Linkedin, we will send them an email and an SMS. 

LinkedIn Outreach

When it comes to Linkedin outreach, you need to forget the sleazy sales pitches and hard sells. Linkedin is all about building relationships that will help people expand their careers. 

So use the platform in the way that it was intended. 

If you can have the mindset of “How can i help one person today?” It’s going to be a game changer for your cold outreach. 

So we suggest looking at your potential customerspain points, and addressing how your product/service can make their lives easier. 

If you can solve their “bleeding neck” problem, the chances of them agreeing to a booked call will be much higher. 

Research each prospect on your list and write a personalized message

One of the main selling points of our company is that we actually research each individual on our list. 

Why do we do this?

Well it helps us write ultra personalized Linkedin cold messages that actually get replies. 

(When you use a personalized intro sentence, you can expect metrics like the ones we have below.)

Here are our metrics for Linkedin outreach:

%

Linkedin Connection Rate

%

Positive Reply Rate

%

Qualified Lead Per day

Here’s how we do it. 

You can either Google each individual, or have a look at their Linkedin profile

Now, look at the prospects profile. 

Is there something specific that you can mention in your messaging that will capture their attention?

For example, we use the CCQ method.

This means finding something to:

Compliment the prospect on, such as: “ Congrats on being featured in Authority Magazine, I really enjoyed the interview with your founder. Would love to connect and learn more…”

Or

Mention a commonality, such as: “I see we both have Rachel Kline as a connection, she mentioned great things about you, I would love to connect.”

Or

Ask a question: “I noticed that you are in the email marketing space, how do you handle deliverability issues? Would love to connect and hear some of your thoughts.”

Notice that these kinds of messages are very different from the usual cold outreach campaign messages that you find on Linkedin

Messages like the one above are generic. 

There’s no personalization and nothing about this message stands out from every other spammy sales message on the platform.

Personalization is more than just mentioning the prospects company name, or name and surname. 

Like all of us, potential customers have “blinkers on” when it comes to sales pitches.

Most messages get ignored, but if you send something very specific, just for them, the chances of receiving a reply will be greater. 

Linkedin message templates

1.Hey {{Name}}, since we’re both working in {{commercial real estate}} here in {{San Diego}}, I’d like to invite you to share my network here on LI.

2.{{Name}},  I’m looking to connect with like-minded professionals who are on the {{revenue-generating}} side of things. Let’s connect?

3.Hi {{Name}}, I’m looking to expand my network with fellow business owners in the {{HR Tech}} industry. Looking forward to learning more about what you do and see if there’s any way we can support each other.

4.Hi (Name) LinkedIn showed me your profile multiple times now, so I checked what you do.  I really like your {{sales posts}} and would like to connect with you here.

5.Hey (Name) I hope your week is off to a great start, since we both work in the {{HR/Employee Experience}} field together, are you open to connecting?(My background is in employee retention, happy to share insights anytime.)

6.Listening to your podcast now & subscribed! Wanted to connect and say thank you for sharing your insights – I’m using them to help land a lead gen job. Cheers,{{Signature}}

7.{{Name}}, we’re looking for a {{law firm}} like yours to collaborate on an upcoming book. Would like to interview you based on your {{10}} years experience with {{AI law}}. Have 15 minutes to talk next week?

8.Hi {{Name}} I’m on a personal mission to connect with thought leaders in the {{B2B lead gen}} industry. I’m still relatively new to the field, but glad I found your {{podcast}}. Let’s connect?

9.Hoping to connect with a fellow {{hr director}}. If you’re looking to do some networking, I’m happy to introduce you to other HR professionals I know here on LI.

10.Hi (Name), saw your last {{corporate retreat}} in {{Chicago}}. Had a few {{travel management}} questions for you. Open to connecting and sharing a few insights?

Read this article: 60 LinkedIn Connection Request Message Templates  for more templates to use in your sales outreach strategy.

Follow up consistently

Next, you’re going to want to follow up every 3 days. 

You should do this between 3 and 6 times. Some sales reps make the mistake of either following up too much, or too little. We have found that a 3 day wait period is good cadence for getting results. 

Have a clear call to action

It’s important to ask for a booked call or meeting in your CTA. Many sales people feel nervous about this step, but it helps the prospect know exactly what you want from them. 

Your call to action should also be low commitment; meaning… Make it super easy for your prospect to respond.

If you ask them to sit in a 2 hour webinar, they aren’t going to be too happy. Instead, ask for a quick 5 minute call at a time that works for them.

Here are some examples:

Some more tips for Linkedin cold outreach

  • Keep your messages short, you really only need to write 2 – 3 sentences
  • Send messages to those in your 2nd degree network first, and filter by recently posted.
  • Don’t sell in your messages, rather wait for the sales call.
  • Only mention one value proposition per message
  • Make use of a/b testing – Write 2 different kinds of messages, and send it to 2 different prospect lists, see which performs better.

Cold email outreach 

When reaching out to potential clients via email, many of the same principles apply that we use in Linkedin outreach. 

Use the same process above for your email strategy

Build your email list, find contact information (using tools like Hunter.io) , research prospects, write personalized emails, follow up emails and use easy to follow CTAs.

But one big difference with cold email outreach, is that you might want to consider using a warm up tool for your inbox. 

These tools will help you develop a good sender reputation, which will help your emails not end up in the spam folder

Think about it… Even if you have written a killer first email, your potential leads wont see it because it’s in spam. 

“Auto warmers are pieces of technology that automatically sends email on your behalf to controlled groups of recipients that will respond automatically.”

These tools also:

  • Make your email account more active and engaged.
  • Increase the likelihood that your emails will end up in the inbox of the people you want to reach.
  • Tell email service providers that you’re a reliable sender.

Do email subject lines make a difference?

Studies show that 35% of people open emails based on subject lines alone. So this shows that subject lines can make a difference to your open rate

What’s important though is to make sure that your subject lines do not look like spam.

So don’t use capitals, or a sales pitch in your subject line.

An example of this would be : “BUY NOW and get 10% off.” This sense of urgency can cause your email to end up in spam. 

Rather use simple subject lines like: “Quick Question” or add some personalization such as: “When’s a good time?”

Keep your subject line as short as possible, 2-3 words is enough.

This article: 121 Cold Email Subject Lines and guidelines on how to write subject lines that get better open rates

Basic cold email format to follow

Subject Line

Keep it simple

Short Customized Intro sentence:

{Prospect name} loved the article you wrote for {company name]. Especially the part about influencer marketing. 

Email body

Mention the prospect’s pain point, one value proposition (what’s in it for them) and why you’re reaching out just for context.  

Clear CTA

Tell the prospect what you want them to do, whether it’s book a quick call, or check out your website. 

Use a customized P.S (See example below)

P.S. Does your B2B company need more qualified “Yes, let’s talk” leads?

If so, check out our done-for-you lead generation service here.

Email Signature

Cold email templates 

Read this article for more email templates..

Cold email outreach tips

  • Keep emails short and to the point
  • Skip the sales pitch
  • Use personalization
  • Share some social proof or case studies – This will help your company look good.
  • Mention only one value proposition per email

Need help with your cold outreach?

If you’re looking for more sales this year, why don’t you hop on a free 15 minute strategy session with Salesbread. 

No sales pitches, just great b2b outreach strategy sales advice, that will help you win more clients. 

(And if you want 1 qualified lead per day, we offer a done for you lead generation service with pricing less than hiring a full time sales rep.)