Sent ~2,000 cold emails to agency founders over 3 months. 3 meetings, 0 clients, 6 dead domains.
Since every outreach thread has someone saying cold email is not dead, here's my actual numbers.
Setup: 6 domains, 12 Google Workspace inboxes, 3 weeks warmup, Instantly, lists from Apollo. SaaS with funding, mostly AI stuff. 3-step sequences, first line personalized off their profile or a recent funding round.
~2,000 emails in 4 months.
- Replies under 1%, mostly "not interested"
- 3 meetings
- 0 clients
- Both domains now land in spam for everything. Dead.
Cost a few hundred bucks in tools. The real cost was 3 months believing volume would kick in eventually.
Why I think it died:
- Everyone on that list gets 30 of these a day from the exact same stack. My personalized line looked like everyone else's personalized line.
- My timing was off (I grabbed funding since past 1 year). I referenced funding rounds, but the data was often a year old. Congratulating someone on last year's raise tells them you scraped a database.
- By the third campaign I was spam before anyone read a word. New domain, same sequence, same list source. The pattern was flagged, not the address. Deliverability never came back.
Same period on LinkedIn, only messaging people who'd posted or commented on my market that week and opening with what they said: 52% replied.
My first paying customers came from that and from people finding me through AI assistants. Zero from cold email.
Killed the Workspace seats last month.
Some persons are probably making money from call emails. I'm not part of that. I do think it's getting harder and harder with everyone getting so much of those typed of mails. Which is why I think I decided to do other ways.
I did end up building a tool around the LinkedIn side because doing it by hand was killing me, but that's not the point of this post.