Crazy Story:

One time we had to stop a cold email campaign because we were actually getting too many replies...

(80% open rate & 62% reply rate)

Below is the exact cold email so you can steal it:
There are 7 moving parts here so don't get lost!

1. Subject line

"Your story"

The subject line is short, adds curiosity, and most important of all:

It doesn't look spammy.

If your subject line begins with something like "hey Will, wanna chat this week?"

You already lost.
2. First line

"Rand. I came across your interview with Alex Turnbull from Groove"

Very personalized.

Rule of thumb:

A good cold email doesn't look like a cold email.

We thought:

"Who are some thought leaders in the B2B customer acquisition space we want to learn from?"
We said that these are people who have been on interviews.

They were thought leaders who have already been on podcasts and interviews.

So, we found an interview for each one of them.

(we knew that Rand was on an interview with Alex, so Alex from Groove was a snippet)
Because each person that we reached out to was on an interview with SOMEONE at A COMPANY, we used this in every email.

We're saying we 'stumbled' on a recent interview of them.

Rand went on this podcast weeks before the email - the perfect timing.
3. Second line

"I'm the founder at UpLead..."

I'm letting him know who I am,

Telling him I'm the founder of UpLead.

I'm also saying what we're doing + why I'm reaching out to him very quickly.
He already was on interviews...

So we know he does interviews.

Naturally,

This means he might be inclined to do another one with us.

(spoiler alert: it worked)
4. Third line

"We've got an awesome audience of over 20k entrepreneurs..."

We need to convey our value.

So, we told him we have a 20k awesome audience of entrepreneurs + sales leaders

("entrepreneurs and sales" is important if their product is geared towards those people)
We tell him how valuable we are because we have an audience of 20k...

a decent audience of people HE sells to = people that relate to his product

So, coming on our interview could be valuable because you're 'reaching' over 20k entrepreneurs and sales leaders.
5. Fourth line

"Looking to learn from SUCCESSFUL leaders like YOURSELF."

We stroke their ego...

Meaning we're saying that you're successful and we want to hear from you.
6. Fifth line

"We don't do it over the phone"

We make it easier for them.

For the interview, it's not over the phone - you don't have to show your face.

It's a simple set of questions + we'll send it to you on a Google Doc.

You can fill it out at your convenience.
We don't sell the product:

We sell the call.

They don't have to schedule time in their calendar.

It's VERY low commitment,

Very convenient + easy for them to say yes.
7. Sixth line

"Would it be okay if I send it over for you to have a look?"

ALWAYS have a clear CTA.

Ask for something that seems simple for them...

And make sure it's just one thing.

One question to get one answer.
This cold email killed it.

We had 800 of these prepared:

We sent out the first 50 and so many people replied and agreed that I couldn't handle 800 interviews being scheduled.

It was too much for us.

(we only sent the first 50 emails or so!)
And by the way,

This wasn't for profit.

It was something just for fun to connect with leaders + learn from them.

Also:

There was only one follow-up.

If we did more follow-ups, we could easily have gotten to 80-90% reply rate (which is basically unheard of with cold email)
Summary:

>very personalized
>we're giving value
>we're stroking the ego
>we're giving you potential customers

These people are responding for one reason:

They have a product/service to sell.

If we're gonna help them do that?

It's a no-brainer.
And last thing:

We did around 15-20 of these founder interviews.

We call them the Uplead growth chats.
Enjoyed this thread?

Then you'll love what I have in store for you over the next few months.

I built UpLead, a business valued at $75 million... and now I'm sharing everything I've learned along the way on Twitter.

Follow me for more!
I share threads weekly on SaaS, Startups, Cold Email and Entrepreneurship

Follow me if you'd like to see more of those ;)

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More from @iamwillcannon

15 Sep
4 Reasons Why You Should Start Your Own SaaS

(And why becoming a multi-millionaire is way more likely than you think): Image
Even though I failed at

- Real estate
- Insurance
- Merchant services

And even filed for bankruptcy at one point,

Today I own 2 SaaS (one valued at ~$75Million) and they changed my life forever.

Here’s why it might change yours:
#1 Recurring revenue

For me, this was life-changing.

With recurring revenue:

>You have a rough estimate of how much money you will make (and when)

>Every client/customer you acquire is worth more than a one-off purchase
Read 11 tweets
10 Sep
I built a SaaS from zero to a ~$75 Million valuation in 3 years.

Here are 8 lessons I learned the hard way (so you don't have to):
#1 Talent

Once you get past a million in ARR, your job changes.

It turns into finding the best people for the job:

>hiring
>recruiting
>managing
>leading talent
This is super important.

Remember:

You're not gonna be able to build a huge business without talent.

>Find very talented people
>Pay them a lot
>Leave them alone

Simple.
Read 23 tweets
8 Sep
My SaaS just broke $8 Million in sales this year,

And I'm incredibly grateful to be in this position.

But it wasn't always this way...

Here’s the 6 (and a half) business I've failed at:
#1 Real estate

I didn't have any money and I wanted to build a real estate empire at the time.

At one point,

I slept in my real estate office.

I was leasing an office (800 sq feet) for my own business and lived in it because I didn't have enough money for an apartment.
I slept there and woke up and showered in a bucket.

(there was no shower)

Yes, I had a small bucket in a little bathroom.

This was just me and my girlfriend at the time (now my wife).

We lived in our office until we hustled enough to finally buy an apartment.
Read 16 tweets
1 Sep
David Ogilvy once said:

“Advertising people who ignore research are as dangerous as generals who ignore decodes of enemy signals”

But doing market research sucks,

So here's 5 tricks you can use to make it suck WAY less

(Bookmark this thread):
#1 Talk to them in person

Most people don't do this.

They think it's best to assume what they want...

But "assuming" never won anything in business.

When you talk to customers?

You get an idea of who they are and you can write to them much more easily.
#2 Go Unsexy

When you're starting, look for the 'unsexy' business.

Don't be a new "marketing agency for tech startups"...

Become a "marketing agency for dentists".

Start in a boring industry because there's less competition there.
Read 14 tweets
27 Aug
TRUTH BOMB:

You're (probably) not gonna build the next Facebook or Amazon.

But that shouldn't demotivate you.

You can still build a HUGE business by copying an existing business

And doing 1 of these 5 things differently:
1. Make it easier to use

You don't have to develop an entirely new & unique algorithm...

Just make your product very easy to use.

A lot of software is very complicated.

(you get inside it and you're like "How do i do XYZ?")
Make it simple and get your clients.

By the way,

That's what we did for Signaturely.

Getting online signatures was hard...

So we did the exact same thing other signature SaaS's were doing + made it easier to use.

Simple.
Read 16 tweets
25 Aug
Did you know?

You can sell your SaaS for 10x what it makes in a year.

So if you have a $4,000/mo SaaS?

You can sell that for $500,000.

Half a million dollars.

Here are 4 ways you can come up with the next big SaaS idea:
1. Copy what already works

Easiest way to see what works:

Look on G2 or other review sites.

Take a look at industries where there are players that don't have the best of reviews.

For example,
We found lead-gen businesses.

We saw that people weren't loving what was on the market (too expensive, you had to use other software, bad leads, etc)

These poor reviews will show you where there's an opportunity to enter an established market & disrupt it.
Read 12 tweets

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