[Case Study] 5 sales meetings/wk, 60% open rate, 20% CTR, 12% reply rate, $70k -
$500k deal size
How many times do you follow up with sales prospects? Once…twice…never? In the
latest episode of my podcast. I had the opportunity to interview the founder of
a lead gen agency about how he uses a 17-touch prospecting campaign to get
appointments with companies like Coors. In this post, I’ll outline his entire
process so you can try it out for yourself.
*Background*
My guest’s (Justin Stephens) client is Kaitech Automation, a specialized
robotics company that provides automation for conveyors, packaging, and
palletizing systems specifically for the food and beverage industry. They create
the machines that help move goods through the factory, get them packaged, and
move them out the door to be delivered to distribution centers.
*Opportunity Snapshot*
Ideal prospects: engineering managers and plant managers
Sales Cycle: 1yr.+
Deal Size: $70,000 - $500,000+
Handoff: Once the meeting is set, the sales rep takes over
*Campaign Strategy*
Kaitech needs to get in front of engineering managers, plant managers, etc. of
Consumer Packaged Goods (CPG) companies with large warehouses (Think: Kraft,
Coors, Coca-Cola). With a long sales cycle and large deal size, lead generation
is very important. Their salespeople have a long relationship-building process
so getting a foot in the door as early as possible is critical.
Instead of a typical prospecting approach of 3 - 7 touches, Justin opts for 10 -
20 touches over 7 months.
To successfully build outbound campaigns, he asks himself 4 questions:
who am I going to target?
what am I going to say?
how do I say it?
when am I going to contact them again?
*List Building*
To find prospects and build lists, Justin uses a variety of different tools,
including LinkedIn Sales Navigator, Seamless.ai, and niche online directories.
*Outbound Sequence*
One of Justin’s sequences goes as follows:
Part I:
1 - Email
2 - Email
3 - Email
Part II:
4 - Email
5 - Email
6 - Email
7 - Phone
8 - Postal Mail (Card)
9 - LinkedIn
10 - Postal Mail (Box)
11 - Phone
12 - Email
13 - LinkedIn
14 - Postal Mail (Card)
15 - Phone
16 - Email
17 - Postal Mail (Card)
If prospects engage with the first three emails (multiple opens or clicks) he
will put them onto the second part of the sequence.
The goal of these touch points is to build a relationship and generate a
response (not book a meeting). Going from stranger to meeting is a big leap.
He’s looking to get people engaged first before getting them on the phone.
Justin uses Lemlist to send automated email sequences and hyper personalize
messages with client images (e.g. putting their logo on a coffee mug or
whiteboard in a picture)
*Email Copy*
Two rules - (1) Keep it simple and (2) stand out from the crowd
Format for writing emails:
- Simple and direct subject line
- Talk about their problems (using industry buzz words)
- Ask an engaging question
Example:
Subject: pallets
I work with Kaitech Automation. We specialize in automation in food and
beverage.
Specifically, pick and place, stacking, packaging, palleting, and the conveyors
that put it all together.
Do you have people setting up pallets by hand over and over? Is it hard to fill
jobs on that? We help with that
Standing out:
Justin uses CoVideo to put videos of himself in outreach emails that he sends to
his clients. Using this software he can do things like overlay their website
onto the video. He has great success with this approach.
All in all his messages are direct, to the point, and relevant to the prospect.
*Results*
* Started in May 2020 - June 2020 - Campaign Still Running as of July 2020
* Sent - 1,200 emails
* Open rate = 60%
* CTR - 20%
* 12% reply rate
* 17% bounce rate
* Meeting book rate - 4 to 5 qualified opportunities per
week
* Oppy size = $70,000 - $500,000
*Wrapping Up*
It’s important to understand that it’s necessary to tailor your approach and
messaging depending on your market. For example, following up 17+ times may not
be the right approach with a larger total addressable market (TAM) but in this
case, it makes sense. Also, Justin mentioned that prospects in this market
aren’t contacted by salespeople as often which leads to higher engagement rates
and meeting book rates. Feel free to drop any follow up questions in the
comments.
.
.
.
.
.
Posted by Morgan WilliamsSaaS Founders and Execs
on facebook
link: https://www.facebook.com/williamsmorgand
$500k deal size
How many times do you follow up with sales prospects? Once…twice…never? In the
latest episode of my podcast. I had the opportunity to interview the founder of
a lead gen agency about how he uses a 17-touch prospecting campaign to get
appointments with companies like Coors. In this post, I’ll outline his entire
process so you can try it out for yourself.
*Background*
My guest’s (Justin Stephens) client is Kaitech Automation, a specialized
robotics company that provides automation for conveyors, packaging, and
palletizing systems specifically for the food and beverage industry. They create
the machines that help move goods through the factory, get them packaged, and
move them out the door to be delivered to distribution centers.
*Opportunity Snapshot*
Ideal prospects: engineering managers and plant managers
Sales Cycle: 1yr.+
Deal Size: $70,000 - $500,000+
Handoff: Once the meeting is set, the sales rep takes over
*Campaign Strategy*
Kaitech needs to get in front of engineering managers, plant managers, etc. of
Consumer Packaged Goods (CPG) companies with large warehouses (Think: Kraft,
Coors, Coca-Cola). With a long sales cycle and large deal size, lead generation
is very important. Their salespeople have a long relationship-building process
so getting a foot in the door as early as possible is critical.
Instead of a typical prospecting approach of 3 - 7 touches, Justin opts for 10 -
20 touches over 7 months.
To successfully build outbound campaigns, he asks himself 4 questions:
who am I going to target?
what am I going to say?
how do I say it?
when am I going to contact them again?
*List Building*
To find prospects and build lists, Justin uses a variety of different tools,
including LinkedIn Sales Navigator, Seamless.ai, and niche online directories.
*Outbound Sequence*
One of Justin’s sequences goes as follows:
Part I:
1 - Email
2 - Email
3 - Email
Part II:
4 - Email
5 - Email
6 - Email
7 - Phone
8 - Postal Mail (Card)
9 - LinkedIn
10 - Postal Mail (Box)
11 - Phone
12 - Email
13 - LinkedIn
14 - Postal Mail (Card)
15 - Phone
16 - Email
17 - Postal Mail (Card)
If prospects engage with the first three emails (multiple opens or clicks) he
will put them onto the second part of the sequence.
The goal of these touch points is to build a relationship and generate a
response (not book a meeting). Going from stranger to meeting is a big leap.
He’s looking to get people engaged first before getting them on the phone.
Justin uses Lemlist to send automated email sequences and hyper personalize
messages with client images (e.g. putting their logo on a coffee mug or
whiteboard in a picture)
*Email Copy*
Two rules - (1) Keep it simple and (2) stand out from the crowd
Format for writing emails:
- Simple and direct subject line
- Talk about their problems (using industry buzz words)
- Ask an engaging question
Example:
Subject: pallets
I work with Kaitech Automation. We specialize in automation in food and
beverage.
Specifically, pick and place, stacking, packaging, palleting, and the conveyors
that put it all together.
Do you have people setting up pallets by hand over and over? Is it hard to fill
jobs on that? We help with that
Standing out:
Justin uses CoVideo to put videos of himself in outreach emails that he sends to
his clients. Using this software he can do things like overlay their website
onto the video. He has great success with this approach.
All in all his messages are direct, to the point, and relevant to the prospect.
*Results*
* Started in May 2020 - June 2020 - Campaign Still Running as of July 2020
* Sent - 1,200 emails
* Open rate = 60%
* CTR - 20%
* 12% reply rate
* 17% bounce rate
* Meeting book rate - 4 to 5 qualified opportunities per
week
* Oppy size = $70,000 - $500,000
*Wrapping Up*
It’s important to understand that it’s necessary to tailor your approach and
messaging depending on your market. For example, following up 17+ times may not
be the right approach with a larger total addressable market (TAM) but in this
case, it makes sense. Also, Justin mentioned that prospects in this market
aren’t contacted by salespeople as often which leads to higher engagement rates
and meeting book rates. Feel free to drop any follow up questions in the
comments.
.
.
.
.
.
Posted by Morgan WilliamsSaaS Founders and Execs
on facebook
link: https://www.facebook.com/williamsmorgand