Are you looking to improve the efforts of your cold…
Are you looking to improve the efforts of your cold email outreach to investors? Personalization is one of the ways by which you can achieve this. Your efforts will yield results if you successfully craft your cold emails to investors. As long as your idea is brilliant, you will only need to communicate it in the best way.
In this article, we’ve shared some tips for crafting successful cold emails to investors. If you want to get the desired results, use these tips.
What Are Cold Emails to Investors?
A cold email is usually sent to prospective investors to gain favors, benefits, support, or opportunities. It is called a cold email because you send an unsolicited message to investors you’ve had no prior conversation.
Sending cold emails to potential investors can be competitive, as other startups will try to reach out to them. You will stand a chance if your pitch is good enough, amongst others. Your pitch should explain what you do and who you are.
Expert Tips for Crafting the Best Cold Emails
1. Conduct Research
Researching the investors you intend to contact will save you a lot of trouble. Your research will reveal necessary details about each investor, which will help determine if they are a good fit for you.
You’ll also learn about their interests, which will significantly help you craft a highly-motivating and relevant pitch.
2. Keep It Brief
Making sense in a few sentences is powerful. You can write a few words to achieve your goal.
Your message should be at most 200 words, and your subject line should be intriguing. Aim to capture the interest of the investor in the first few sentences.
3. Make It Interesting
You want the investors to say yes, don’t you? Take out time to study pitches from successful startups before you create yours.
Then, make your pitch the most interesting. Use a known format, so the investor can navigate through your cold email.
4. Please Don’t Give in to Fear
Persons aware of cold emails that end up in the spam box will usually hesitate before sending their emails. But, investors do read and send their replies to cold emails! All you need to do is carefully put down your thoughts. Use all the information you have gathered and send that email without fear.
5. Make Your Investor feel special.
Adopt a personalized tone and write as if you were talking face-to-face with the investor. Address investors in a manner that shows you specifically want to speak with them. Bring them in on an existing problem and how you plan on solving it if you haven’t done so already.
6. Consider Simplicity
To write a good cold email, you should use a simple structure. Break your message into short paragraphs.
Talk about only what is relevant. Start with an introduction, state the current problem, and mention how you intend to solve the said problem. And then explain what will help you to solve the problem effectively.
7. Go over what you’ve written.
Rereading your text before sending it is never a waste of time. The art of proofreading never gets old because you are bound to make mistakes.
When you proofread, you see the errors in your text because it’s possible to have missed some spellings. Sending unedited mail to an investor will mean you are unserious, and it is best to avoid that.
8. Time Is Precious
Time is important to everyone. Don’t waste the investors’ time when you can directly state your purpose for sending an email. It’s no time to make them read a lengthy message. Avoid unnecessary topics and stick to your idea. If they are interested, they’ll contact you.
9. Avoid the use of Sir/Ma.
It is best to address your recipient by their name. For example, ‘Hello, James.’ If you are sending your mail to an address like firstname.lastname@example.org, you can use something like ‘Hello, Wonder Team.’ Avoid the use of titles except for doctors.
Using Ma/Sir will seem impersonal and may put an investor off. Using the first name is just appropriate.
10. Limit the Use of Links and Images
Don’t include distractions if you want the recipient to focus on what you have to say.
By clicking on a link, the recipient may not return to read the whole message. If you must include a link, it should be the one that redirects them to your pitch deck. Otherwise, leave it out.
Whatever is worth doing should be done to the best of your ability. Use the helpful tips in this guide to create better emails for investors. To avoid wasting your time, target only investors interested in your startup.
You’ll be competing with a host of others when you decide to send cold emails to prospective investors. Even grabbing an investor’s attention is going to require some hard work. If you do it right, you will have nothing to worry about.