Lead Generation, Prospecting 5 Comments
7 Sales Email Secrets to Drive Deals Forward
*Editor’s Note: Recap post of the Deck presented at Sales Hacker Series in San Francisco on February 3rd, 2015 by Michael Haylon, Director of Sales at Yesware.
When it comes to B2B Sales Emails there’s almost no data to support all the assertions out there about “best practices”. Sure, there are anecdotes (“this got me a big meeting!”) and intuition (“think about it!”) about what works and what doesn’t, but no real data behind it. For example, after the 2012 presidential election, former Obama campaigners made headlines when they revealed that their most wildly successful email subject line consisted of a single word: “Hey.” By their account, that email alone brought in millions of dollars.
Could you get away with this subject line? Doubtful.
Drawing on data from over 500,000 sales emails sent by Yesware users in Q1 2014, we found that subject lines containing the word “hey” resulted in lower open and reply rates than other common subject line keywords.
One thing that we do know definitively about email though, is that bad emails cost you money. A lot of what many of us do today is email blind. That’s why I wanted to try and lay the foundation today with some data to support how to use email to sell.
Here’s the data:
- 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
#1 – Include Multiple Recipients (But Only One in the “To” Line)
Now, the first thing I thought when I saw this was: “Yea, no shit. If you include multiple people, you’re more likely to get a response.” Rather than sending to two recipients, when you have the opportunity to copy someone else on the email we found that both open and reply rate increased by 12%.
When two people are in the “To” line, their going to defer to the other person to respond. Whereas if you call out someone specific and make it visible to someone else that you’ve called them out, they’re more likely to open up that message and reply.
#2 – Subject Line Length Doesn’t Matter
Yesware’s research also found that subject line length did not have a significant impact on email open and reply rates. Looking at data drawn from two anonymous companies in the graphic below, we can see that there is no specific pattern that points to any particular word count outperforming others. It’s all over the place.
OPEN / REPLY RATE BY SUBJECT LINE LENGTH:
Try including some of the most effective subject line words mentioned above in your emails to see how they impact open and reply rates. You can perform an A/B test of your own subject lines using Yesware’s template reply reports to track opens, link clicks, and gauge email effectiveness.
#3 – The Wrong Keywords Cost You Meetings
The data reveals that some subject line keywords perform well across the board, resulting in both high open and reply rates. However, other frequently used words weren’t so effective. Here, you can see how keyword performance varies by open and reply rate, as well as results for comparable word groups.
You may be better off asking for a “call”, instead of trying to put some time on their “calendar.” Both words tend to be used when scheduling meetings, yet we see that subject lines containing the word “call” work best (62% open rate, 35% reply rate), while emails bearing “calendar” perform worse (33% open rate, 10% reply rate).
#4 – You May Be Sending Emails at the Wrong Time
This is really tricky. What the data shows is what you would expect. The highest reply rates are between the hours of 9 to 5. When people are working.
- Early morning makes sense with mobile. Check email upon waking up and/or on train.
- 9am uptick. Checking email upon arriving at work.
- 1pm uptick. Checking email after lunch + fewer meetings.
- Evening: Checking email on train, later at work means fewer meetings.
But the key takeaways here are that early in the morning people are not replying to cold emails, as much as they are later at night.
Weekdays or Weekends?
Because of the small volume of emails that are being sent on the weekends it improves open/reply rate. Your email gets noticed.
#5 – If They Don’t Reply Today, They (Probably) Won’t Reply At All
Key takeaway = importance of cadence. Follow up at tighter intervals. After 1 day, it’s gone. Now, this doesn’t mean you want to follow up every day (could piss people off), but 3 days or so is probably fine.
#6 – You’re Not Following Up Enough
#7 – Testing Templates Can Improve Reply Rates >10x
- Identify the top performing templates.
- Understand why they worked well.
- Share the good templates.
Bonus Secret -Increase Call Connection Rate 34% by Calling When Emails Are Opened
Audio Recording of Mike’s Presentation: