Growing a Business in 2024

Jul 15, 2024

Growing a Business in 2024

Key Metric for Growth

  • Number of Sales Calls: Booking more sales calls is crucial.
  • Impact on Closures: The number of people you can close is directly linked to the number of leads.
  • Illustration: If closing 1 out of 10, and only getting 10 calls every few months, growth is limited.

Lead Generation Strategy for 2024

Why Cold Emailing?

  • Cost Efficiency: Lower monthly costs compared to paid advertising and agencies.
  • Accessibility: Suitable for businesses of all sizes.
  • Scalability: Easily scalable without limitations.
    • Example: 5 inboxes reaching out to 100 people/week → Increase to 100 inboxes.
  • Direct Engagement: Allows direct, personalized interaction with potential customers.
    • Contrast with billboards as a broad scope tool.

Building a Lead List

  • Tools: Mention of Instantly’s lead finder tool.
  • Manual Process: Using Google Maps, visiting company websites, and finding decision-makers.
  • Automated Options: Fiverr or Upwork for web scraping.
  • Public Directories: Example: BNI for names and company information but requires further enrichment.

Cold Emailing Software

  • Recommendation: Instantly is preferred for its ease of use and centralized platform.
  • Setting up Campaigns: Adding leads directly from lead finder to the campaign.
  • Buying Domains: To prevent main domain from getting blacklisted and to maintain professional communication.
    • Setting up DNS Records: Authenticating emails using SPF, DKIM, and DMARC.
  • Email Providers: Use Gmail or Outlook, setting up MX records for email deliverability.
  • Email Signatures: Setting up and editing signatures for multiple accounts in bulk.

Importing and Warming Up Accounts

  • Bulk Import: Using CSV for quick setup.
  • Account Warming: Minimum 3-6 weeks before outreach begins.

Crafting Effective Email Campaigns

  • Sequences: Inserting variable data for personalization.
  • Templates: Using pre-built or creating custom templates.
  • Subject Line: Short and relevant to the email content.
  • Personalization: Tailoring messages to be relevant and specific to the recipient.
  • Using AI: Employing AI prompts to create custom opening sentences.

Testing and Scaling

  • Scheduling: Choosing best times for outreach, excluding weekends.
  • Options Customization: Daily limits, tracking, and target selection.
  • Clear Call to Action: Ensure emails have a compelling and clear CTA.

Additional Resources

  • Materials: Available on the website and Facebook Community for support.
  • Software Tutorial: Mention of a video tutorial for using Instantly.

Conclusion

  • Summary: Time and effort are key; following structured steps can lead to scalable growth.