Is outbound sales dead? Not if you’re doing it right

Is outbound still worth your investment? Read this before you jump on the bandwagon.
While inbound leads have high conversion rates and low acquisition costs, they typically have a smaller average deal size, come from the SMB (small-medium) segment, and often are within the same industry. Therefore, companies that focus purely on the inbound motion will find themselves behind the competition once their targeted SMB segment dries up - usually within 12-18 months.
In contrary, outbound sales allows a company to go after recognizable logos, most profitable customers, and to diversify its customer portfolio (industry, segment, geography). Most large companies are already entrenched with legacy solutions. They are not spending time looking to try new products or services but this doesn't mean they would not benefit from using your product/services. Outbound sales is your opportunity to make a case of why your product can bring value and improve their metrics.
So is outbound sales dead? Simply speaking, if you’re not doing outbound, you’re leaving so much money on the table. We cover how to reach prospects, what metrics to track, and what tools to use.
We find voicemails to be very effective precisely because no one calls anymore. When was the last time you got a phone call or a voice mail? I bet it's not as frequent as receiving emails. That's why people do listen to voicemail, and that's your chance to have your prospect's full attention for 10 seconds - more than any ads on Facebook or LinkedIn, or email.
Our first email touch to prospects is highly customized (i.e. we let them know if one of their champions has joined a new company, and that they should reach out and sell to her/him again)
Such as: “Any thoughts?”, so the prospect still sees the customization of the first email.
If you’re reaching out to technical buyers who are interested in seeing how the product actually works.
Don’t copy and paste formal languages from your marketing/product teams. Those are good for press releases, white papers, etc. but you need to make them more personable for your emails.
Good outreach sequences have up to 15 steps consisting of emails, LinkedIn, calls, and SMS.
To compare the quality of customization between reps and to improve sequences for the whole team.
For example: the best reps from second-tier companies - companies whose products are clearly inferior to their competition and yet the reps still made her/his quota. Conversely, ask for specificity when interviewing reps from companies that are known to have mostly inbound or are clearly industry leaders, so that you can find out if they truly have the drive and grit when things get tough.
For example: alumni donation, door-to-door sales.
To the customers for pain points and to you for advice.
Examples of some of the software I've used:
UserGems (to track customers who have changed jobs), LinkedIn Sales Navigator, ZoomInfo, Crunchbase (usually for funding round alerts)
Outreach.io or SalesLoft, LinkedIn InMails (only if I can't get to them via email)
RingDNA (including local caller ID, voicemail drop, etc.)
Zoom or RingCentral for teleconferences, Chorus.ai or Gong.io for call recording and sales training, Calendly for scheduling
UserGems helps revenue teams drive bigger pipeline and faster sales cycle.
Whenever your customers change their jobs, UserGems automatically surfaces them as new leads to your sales reps in your CRM. This allows reps to be in front of the buyers at the right time, and ahead of the competitors.