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Free registration at the forum removes this block.I’m not thinking that transactionally. I’m literally engaging as I go… “bouncing around” I call it.Ok, I see, yes that’s interesting. How do you filter for those who may need your help vs those who don’t? Because at the moment, your questions/comments seem to be totally unrelated to what you do (Google Ads or generating leads etc), so even if they reply you’ll have no better idea if they may be a good fit for you or not!
Everyone who wants to make big deals calls "large (market) companies".Fair enough but these are large pharma companies. Who would I call?
yep. 10x minimum what you are doing.You call what I've done barely trying?
It seems like you’re selling something when you connect via LinkedIn. Why not try getting into a *genuine* conversation first and then seeing where that goes?Hi
I posted before about software I developed that allows people to analyse flow cytometry experiments in their browser. Its extremely niche and at this point Im trying to just make something from it, I'd be happy with 500 euro a month. I've tried different business models for the software, mainly B to C and I've come to the conclusion it doesn't work. End users - biomedical researchers in Universities and labs mainly - will simply not pay for it.
There are about 20 major players in the market. These are medium to large pharma companies. One of the biggest is Thermofisher. Thermo and the others sell the machines, but also provide a webapp to drive people who are doing their experiments to their sites. All 20 players have the same type of simple webapp (simple software to help set up flow cytometry experiments). I want to propose to them that they could drop in the software I developed (I have bundled as a Javascript library) and 1/ drive more traffic to their site as it works nicely alongside their existing webapp 2/ helps their product portfolio since I track experiment data and can feed this back to the company.
However, I cannot believe how difficult it is to get even the tiniest bit of engagement. I have a live site with daily users in labs around the world - its not like Im selling nothing.
My strike rate over the last 2 months is approximately:
For every 70 emails I send, I get 1 reply, this tends to be "contact this person" - I contact them and no reply.
For every 30 LinkedIn connect request "with note" I get 1 connection. I follow up with a fuller message, I get no reply.
For every "inmail" LinkedIn (I started paying) I have never gotten a reply.
Now I dont know if this is specific to the industry, to the size of the companies (medium to large), or if cold approach in every form is now dead due to overwhelming amounts of spam in email and on LinkedIn, or Im just a horrible seller. I dont blame my software as I cant get to the point of anyone actually replying to me.
When Im sending an email/message, I spend time researching the company and person, and I personalise it. Here's an example of the email I recently sent to 30 or so people in various pharma companies in the area:
Hi Gil
I came across your profile on LinkedIn as I've been looking for somebody in Digital Marketing within [company].
I run a cytometry analysis app [my website] and many of my users use [company] Full Spectrum Viewer alongside my app.
Since both softwares complement each other really nicely, I think there's a good opportunity here to drive more traffic to [company]'s website. Is this something you're interested in doing?
Thanks
Mark
PS My LinkedIn profile is [url to my LinkedIn]
The email subject was "drive more traffic to [company]"
This got zero replies.
Here is the LinkedIn note:
Hi Eric, reaching out as I'm the founder of a app [link to my app] that users often use alongside [companys]'s spectra viewer. Since the softwares complement each other nicely, I think there is an opportunity for [company] and [my app] to both benefit. Would love to connect.
Sent to 50 or so people with 0 connecting so far.
I have tried variations on the above for months with similar results.
I am completely exasperated. I'm at the point of giving up and throwing the software in the bin and moving on to something else but there's a nagging "If I cant get meetings for this, how am I going to get meetings and sell the next thing I work on"?
Now I know getting the foot in the door is only the first step. One of these companies actually contacted me themselves and we had 7 meetings before they pulled the plug saying the software didn't pass UAT by an external consultant. Very frustrating as it was one consultant's opinion and the internal team at the company were supportive of the software and wanted to proceed. So I know how hard it is to get the said over the line but I cannot believe how hard it is to get a foot on the first rung of the ladder!
Anyone with any advice, I'd be grateful. Anyone who thinks they can sell anything, Im open to a chat too (warning this is super niche and a tiny market as the software stands right now).
Funny you ask.Ok, so what sort of message do you have in mind then?
The only ones I’ve seen work which are not “pitchy” is asking them about a problem. For example, for FB ads, “have you considered using an isometric creative to increase conversions back to pre-iOS changes”? Then they’re like uhh what’s that, tell me more!
^^^ This.Based on the approach you've been taking for outreach, there's no way to know whether your product solves a big enough problem or not. You simply haven't been doing it right.
You need to first of all:
1. Figure out who your ideal client is
Would this really be "somebody in Digital Marketing"? How is digital marketing related to this? Would someone in digital marketing be making the decisions on dropping in your product? What does your ideal client actually care about? What problems are they having? If someone in digital marketing wanted more traffic, they'd just do the usual types of marketing.
2. Clarify your value proposition
How would dropping in your software even help to drive traffic? Is traffic even what they care about? Or is it something like more sales or customer happiness and higher lifetime value?
Businesses care about making money, saving money, and saving time. Where does your product fit into that?
3. Create a strong offer
"Since the softwares complement each other nicely, I think there is an opportunity for [company] and [my app] to both benefit" - It sounds like you're just leaving it up to them to figure out how you would help them. What are you actually proposing here? How would the collaboration work?
4. Stop pitching in your LinkedIn connection request
Build some rapport first. You can hint at how you can help, but you need to show you can provide value to them first. The only exception to this is if you have a very strong offer, which I don't see being the case here.
5. Actually personalise your outreach messages
The example you posted could just be copy and pasted to anyone in that industry. It needs to be so personalised that it couldn't be sent to anyone else in the world and make sense. This is even more important in small niches where you don't have a huge target market to burn through.
6. Test different call to actions
At the moment, you've just been asking them if they're interested. What other options could you try though? What value could you propose to them? Is there some kind of PDF or video you could share on your product? A free trial? A quick call where you would give them some kind of value?
7. Send. More. Messages.
I don't know how many people you've contacted so far, but it doesn't sound like a lot. You need to be doing high volume. If there's not a large market, then follow up with every person you contact on multiple channels. Send followup emails. Interact with their posts on LinkedIn. Cold call them. Send them a letter even.
Well, they don't. I spent too many years selling a few million dollars worth of software to such people. Not exactly my go-to earnings strategy any more (Thank God), but I learned a lot about endlessly pushing the rock uphill and closing deals regardless.Why do you think busy medium-large pharma executives have time for a “genuine” conversation?
This makes sense. Two points:Hi
I posted before about software I developed that allows people to analyse flow cytometry experiments in their browser. Its extremely niche and at this point Im trying to just make something from it, I'd be happy with 500 euro a month. I've tried different business models for the software, mainly B to C and I've come to the conclusion it doesn't work. End users - biomedical researchers in Universities and labs mainly - will simply not pay for it.
There are about 20 major players in the market. These are medium to large pharma companies. One of the biggest is Thermofisher. Thermo and the others sell the machines, but also provide a webapp to drive people who are doing their experiments to their sites. All 20 players have the same type of simple webapp (simple software to help set up flow cytometry experiments). I want to propose to them that they could drop in the software I developed (I have bundled as a Javascript library) and 1/ drive more traffic to their site as it works nicely alongside their existing webapp 2/ helps their product portfolio since I track experiment data and can feed this back to the company.
However, I cannot believe how difficult it is to get even the tiniest bit of engagement. I have a live site with daily users in labs around the world - its not like Im selling nothing.
My strike rate over the last 2 months is approximately:
For every 70 emails I send, I get 1 reply, this tends to be "contact this person" - I contact them and no reply.
For every 30 LinkedIn connect request "with note" I get 1 connection. I follow up with a fuller message, I get no reply.
For every "inmail" LinkedIn (I started paying) I have never gotten a reply.
Now I dont know if this is specific to the industry, to the size of the companies (medium to large), or if cold approach in every form is now dead due to overwhelming amounts of spam in email and on LinkedIn, or Im just a horrible seller. I dont blame my software as I cant get to the point of anyone actually replying to me.
When Im sending an email/message, I spend time researching the company and person, and I personalise it. Here's an example of the email I recently sent to 30 or so people in various pharma companies in the area:
Hi Gil
I came across your profile on LinkedIn as I've been looking for somebody in Digital Marketing within [company].
I run a cytometry analysis app [my website] and many of my users use [company] Full Spectrum Viewer alongside my app.
Since both softwares complement each other really nicely, I think there's a good opportunity here to drive more traffic to [company]'s website. Is this something you're interested in doing?
Thanks
Mark
PS My LinkedIn profile is [url to my LinkedIn]
The email subject was "drive more traffic to [company]"
This got zero replies.
Here is the LinkedIn note:
Hi Eric, reaching out as I'm the founder of a app [link to my app] that users often use alongside [companys]'s spectra viewer. Since the softwares complement each other nicely, I think there is an opportunity for [company] and [my app] to both benefit. Would love to connect.
Sent to 50 or so people with 0 connecting so far.
I have tried variations on the above for months with similar results.
I am completely exasperated. I'm at the point of giving up and throwing the software in the bin and moving on to something else but there's a nagging "If I cant get meetings for this, how am I going to get meetings and sell the next thing I work on"?
Now I know getting the foot in the door is only the first step. One of these companies actually contacted me themselves and we had 7 meetings before they pulled the plug saying the software didn't pass UAT by an external consultant. Very frustrating as it was one consultant's opinion and the internal team at the company were supportive of the software and wanted to proceed. So I know how hard it is to get the said over the line but I cannot believe how hard it is to get a foot on the first rung of the ladder!
Anyone with any advice, I'd be grateful. Anyone who thinks they can sell anything, Im open to a chat too (warning this is super niche and a tiny market as the software stands right now).
Ok, so what sort of message do you have in mind then?I didn’t say pitch friendship. I’m suggesting a less “pitchy” first message.
So....I used to work for TreeStar. Is this an approved white label offshoot, or are you pirating someone's code? because there's issues, and those issues apply to your potential customers.Thanks Andy, you've been a great help. I slowly realised this, that pharma companies want everything proprietary. In fact, I spend a long time working on "standardisation" across machines so that experiments are reproducable. This seemed like a great idea to me. Turns out, pharma companies dont want that. They want their machines to be slightly different as it prevents existing customers from leaving. Honestly, the app is not amazing. Its a web version of existing heavy-duty desktop software, with about 30% of the functionality of that software - all the important stuff to cover about 75% of all flow experiments. My thinking was "well if I make an easily accessible browser version, only coding the key functionality, and these softwares make 2k per customer per year, then I'll make 1k". When I released the software in 2018 it was quite useful. However I never pushed on (personal circumstances). Since then a few similar (and now probably better apps) have emerged. Now Im pushing a white-label version of it (thats what I was trying to sell in those emails and linked in message) but honestly, I dont think the software is up to scratch. And no way am I putting in more time in trying to improve it.
Why do you think busy medium-large pharma executives have time for a “genuine” conversation?Why not try getting into a *genuine* conversation first and then seeing where that goes?
I agree with BlackDragon that the copy is a bit bland. We're not the target audience, mind you, but given what you're saying here you can definitely spruce it up. How about you move the hook (which I'm assuming is the fact you will drive more traffic to [company's] website) to the beginning? You could send this, for example:Hi Gil
I came across your profile on LinkedIn as I've been looking for somebody in Digital Marketing within [company].
I run a cytometry analysis app [my website] and many of my users use [company] Full Spectrum Viewer alongside my app.
Since both softwares complement each other really nicely, I think there's a good opportunity here to drive more traffic to [company]'s website. Is this something you're interested in doing?
Thanks
Mark
There is something wrong in your marketing approach. You are in a very niche market as you said. Potential leads to put it optimistically maybe 50-100. You cannot afford to be passive and send some text and expect miracles to happen.Hi
I posted before about software I developed that allows people to analyse flow cytometry experiments in their browser. Its extremely niche and at this point Im trying to just make something from it, I'd be happy with 500 euro a month. I've tried different business models for the software, mainly B to C and I've come to the conclusion it doesn't work. End users - biomedical researchers in Universities and labs mainly - will simply not pay for it.
There are about 20 major players in the market. These are medium to large pharma companies. One of the biggest is Thermofisher. Thermo and the others sell the machines, but also provide a webapp to drive people who are doing their experiments to their sites. All 20 players have the same type of simple webapp (simple software to help set up flow cytometry experiments). I want to propose to them that they could drop in the software I developed (I have bundled as a Javascript library) and 1/ drive more traffic to their site as it works nicely alongside their existing webapp 2/ helps their product portfolio since I track experiment data and can feed this back to the company.
However, I cannot believe how difficult it is to get even the tiniest bit of engagement. I have a live site with daily users in labs around the world - its not like Im selling nothing.
My strike rate over the last 2 months is approximately:
For every 70 emails I send, I get 1 reply, this tends to be "contact this person" - I contact them and no reply.
For every 30 LinkedIn connect request "with note" I get 1 connection. I follow up with a fuller message, I get no reply.
For every "inmail" LinkedIn (I started paying) I have never gotten a reply.
Now I dont know if this is specific to the industry, to the size of the companies (medium to large), or if cold approach in every form is now dead due to overwhelming amounts of spam in email and on LinkedIn, or Im just a horrible seller. I dont blame my software as I cant get to the point of anyone actually replying to me.
When Im sending an email/message, I spend time researching the company and person, and I personalise it. Here's an example of the email I recently sent to 30 or so people in various pharma companies in the area:
Hi Gil
I came across your profile on LinkedIn as I've been looking for somebody in Digital Marketing within [company].
I run a cytometry analysis app [my website] and many of my users use [company] Full Spectrum Viewer alongside my app.
Since both softwares complement each other really nicely, I think there's a good opportunity here to drive more traffic to [company]'s website. Is this something you're interested in doing?
Thanks
Mark
PS My LinkedIn profile is [url to my LinkedIn]
The email subject was "drive more traffic to [company]"
This got zero replies.
Here is the LinkedIn note:
Hi Eric, reaching out as I'm the founder of a app [link to my app] that users often use alongside [companys]'s spectra viewer. Since the softwares complement each other nicely, I think there is an opportunity for [company] and [my app] to both benefit. Would love to connect.
Sent to 50 or so people with 0 connecting so far.
I have tried variations on the above for months with similar results.
I am completely exasperated. I'm at the point of giving up and throwing the software in the bin and moving on to something else but there's a nagging "If I cant get meetings for this, how am I going to get meetings and sell the next thing I work on"?
Now I know getting the foot in the door is only the first step. One of these companies actually contacted me themselves and we had 7 meetings before they pulled the plug saying the software didn't pass UAT by an external consultant. Very frustrating as it was one consultant's opinion and the internal team at the company were supportive of the software and wanted to proceed. So I know how hard it is to get the said over the line but I cannot believe how hard it is to get a foot on the first rung of the ladder!
Anyone with any advice, I'd be grateful. Anyone who thinks they can sell anything, Im open to a chat too (warning this is super niche and a tiny market as the software stands right now).
Then at the very least hear these words directly from your audience before you throw in the towel on something you admitted to spending so much time on.Oh the product is definitely a major problem - it simply doesnt solve a big enough problem.
Thanks, very thorough. You know what would give me the motivation? Making a sale. This has been live since 2018 with 5,000 or so signed up users. Guess how many upgraded? 0. Thats why Ive pivoted to B to B via a library integration. But this isnt a case of me giving up at the first hurdle, this has been going a long time (for a couple of years I just left it be, it worked away on its own). For my sanity, I believe it's time to move on.
I didn’t say pitch friendship. I’m suggesting a less “pitchy” first message.Why do you think busy medium-large pharma executives have time for a “genuine” conversation?
If they have time for such conversations they’re not doing their job. Their job is to bring profit for their company. Not to chit chat and have fun with people.
What these people are looking for is ways to grow profitability, expand market share, reduce time. Pitch those things to them, and it may pique their interest. Pitch a “how are you? I’m so happy to be connected!” to them, and they will ignore you.
Only broke people have time for genuine conversations. In all the time I’ve done cold outreach for, only broke people were the ones having genuine conversations.
Every big hitter I came across was on the ball - either I had something that intrigued him, or I was a nuissance. It’s one or the other.
And pitching “friendship” and a “genuine conversation” is your way of saying you’ve got nothing better… since if you did, you’d pitch that.
My 2c and how I see it, no offense meant. I just don’t think this piece of advice has any chance of working.
And also, instead of linkedin, you may want to use researchgate, which is also great to highlight your scientific background.And if you do write to serious people in a serious business (after calling), don‘t believe the modern crap about informal style. Borrow an older school book from your parents and go with „Dear Professor Miller,“ I am writing to you regarding the following matter …
and „sincerely“.
In a year or two when you will have gone for a beer with them, maybe you can go informal.
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