7 email secrets to drive deals forward

25
7 Email Secrets to Drive Deals Forward Mike Haylon Director, Sales [email protected] @mhaylon | linkedin.com/in/mikehaylon

Upload: sales-hacker

Post on 14-Jul-2015

3.679 views

Category:

Sales


0 download

TRANSCRIPT

Page 1: 7 Email Secrets to Drive Deals Forward

7 Email Secrets to Drive Deals Forward

Mike Haylon – Director, Sales

[email protected]

@mhaylon | linkedin.com/in/mikehaylon

Page 2: 7 Email Secrets to Drive Deals Forward

Bad sales emails

cost you money

Page 3: 7 Email Secrets to Drive Deals Forward

But there’s almost no

data to support all

the assertions out

there about

“best practices”.

Page 4: 7 Email Secrets to Drive Deals Forward

• You follow up (time cost)

• You forget (deal cost)

Each missed reply has costs

Page 5: 7 Email Secrets to Drive Deals Forward

• 5,000 - 50,000+ emails/year

• 800 - 1,000+ hours/year in

email (plus voicemails,

setting tasks, etc.)

• Now add that up across your

entire team (or division or

company…)

Bad email costs compound

Page 6: 7 Email Secrets to Drive Deals Forward

Whom

What

When

How many

Recipients

Subject line

Send time

Emails to send

What we’ll cover

Page 7: 7 Email Secrets to Drive Deals Forward

“Here’s the magic template to

close 10 deals this week!”

“Just use this simple trick

and get 98% replies!”

What we won’t cover

Page 8: 7 Email Secrets to Drive Deals Forward

• More than 1,000 Yesware users

(anonymized and used with permission)

• 9 rapidly growing, inside sales-focused

software companies

• Over 500,000 sales emails

• Q1 2014

Here’s the data

Page 9: 7 Email Secrets to Drive Deals Forward

Include multiple recipients

(but only one in the “To” line)

EMAIL SECRET #1

Page 10: 7 Email Secrets to Drive Deals Forward

Open

Rate

Reply

Rate

Send to one

and copy

another

83.7% 61.2%

Send to two

recipients70.2% 49.3%

Number of recipients

Page 11: 7 Email Secrets to Drive Deals Forward

Subject line length doesn’t matter

EMAIL SECRET #2

Page 12: 7 Email Secrets to Drive Deals Forward

Company A Company B

Open/reply rate by subject line length

Page 13: 7 Email Secrets to Drive Deals Forward

The wrong keywords

cost you meetings

EMAIL SECRET #3

Page 14: 7 Email Secrets to Drive Deals Forward

Open Rate

Re

ply

Ra

teMeeting keywords by open/reply rate

Page 15: 7 Email Secrets to Drive Deals Forward

You may be sending emails

at the wrong time

EMAIL SECRET #4

Page 16: 7 Email Secrets to Drive Deals Forward

Reply Same Day Rate

Reply Rate

Reply rate by send time

(Note: Send time = recipients’ time zone)

Page 17: 7 Email Secrets to Drive Deals Forward

Weekdays or weekends?

Page 18: 7 Email Secrets to Drive Deals Forward

If they don’t reply today, they

(probably) won’t reply at all

EMAIL SECRET #5

Page 19: 7 Email Secrets to Drive Deals Forward

Days until first open/reply

Page 20: 7 Email Secrets to Drive Deals Forward

You’re not following up enough

EMAIL SECRET #6

Page 21: 7 Email Secrets to Drive Deals Forward

Your chance of receiving a reply

reply on THIS email is...

However, 57% of sales email

chain stopped at the first one…

Follow up emails

Page 22: 7 Email Secrets to Drive Deals Forward

Testing templates can improve

reply rates >10x

EMAIL SECRET #7

Page 23: 7 Email Secrets to Drive Deals Forward

Best practices:

1. Identify the top performing

templates.

2. Understand why they

worked well.

3. Share the good templates.

Re

ply

Ra

te

Templates

Open Rate

Page 24: 7 Email Secrets to Drive Deals Forward

Increase call connection rate 34%

by calling when emails are opened

BONUS: CALLING SECRET

Page 25: 7 Email Secrets to Drive Deals Forward

7 EMAIL SECRETS

1. Include multiple recipients (but “To” just one)

2. Subject line length doesn’t matter

3. Bad keywords cost you meetings

4. You’re sending emails at the wrong time

5. If they don’t reply today, they (probably) won’t

6. You’re not following up enough

7. Testing can improve template replies >10x

* Bonus: Increase call connection rate by 34% by

calling when you see an email open