Wanna know the best part about cold email?
You could get laughably bad results, and still produce an ROI.
For example, let's say you send 5,000 emails, book 3 calls, and close 1 deal.
Assuming your client LTV is $5k, you're still seeing a massive return on those 5,000 emails sent - even with just 3 calls booked.
Even though cold email is by far the most cost effective marketing channel, we still get a lot of questions about expected results and ROI.
Here are answers to our most frequently asked questions:
“How many meetings am I going to get?”
The number of calls you book is entirely dependent on how good your offer is, how saturated your market is, how high of a level of authority you have in the market, how good your cold email copy is, and how many case studies you have on your website / YouTube channel.
"So how many new clients will I sign?”
It can range from 0, to as high as 10 or 20 deals per month with the best companies.
It’s also totally possible that you could get zero results if you don't have the right strategy in place.
However, once you do have the right strategy in place, cold email scales in a linear fashion. If you're closing 1 deal per 1,000 emails, it's safe to assume you can scale your campaigns to 5,000 emails per month and close 5 deals... 10,000 emails for 10 deals... and so on.
“How many meetings am I going to get in the first month?”
Once again, impossible to tell because you need to have the right strategy in place.
We've had instances where it's taken us 2 months to test out strategies, then in month 3 we found a winning angle and booked 15 sales calls that month.
We've had instances where our first test was a winner, and we booked 10 sales calls in month 1.
All comes down to how many variants you're testing, and a willingness to see things through rather than testing one strategy and saying "cold email doesn't work."
Since cold email is inexpensive to run, you can easily afford a 3-4 month runway to test new strategies and find a winner, unlike ads.