For the longest time my outreach was a numbers grind. Connect with 500 people a month, get maybe 15 replies, close nothing.
Then I changed who I was reaching out to. Same volume, same message, but: 500 connects led to ~198 replies, of which I closed 12.
The entire shift came down to targeting people who are already thinking about the problem I solve, instead of spraying my ICP at random.
What that looks like in practice: I only reach out to people showing behavioral signals right now. They're engaging with competitors, commenting on relevant posts in my space, or publicly talking about the exact pain point I address. Those people convert at a completely different rate because the timing is right.
Three ways to find them without spending a cent:
Pull the likes and comments on your top competitor's last 10 posts. Instant warm list.
Identify the 3 or 4 LinkedIn voices in your niche your buyers actually follow, then watch who engages with them each week.
Search LinkedIn for the specific phrases your customers use to describe their problem, and message the people writing those posts and engaging on those posts.
You can start doing all of this manually today. No tools required.
Honestly, an hour spent building a signal-based list will outperform an hour spent tweaking your opener for the hundredth time.
This whole approach is basically what I ended up building a SaaS around, but the manual version works just as well when you're starting out. Happy to answer questions either way.
Thanks, I am looking to start generating leads on linkedin
Cool! Wishing you good luck and let me know if I can be of any help.
This is great. I am building b2c saas Incident management platform. I realised that on LinkedIn I needed proper audience . So I started to invite only incident managers. But I did not think of finding competitors and ppl that already follow some simulation in IM niche and try to convert them. Although converting is ahead of me as I only launch in 2m
Open rates above 60 percent on cold email by leading with a company-specific data point in the subject line. The opens come because the subject names a number nobody else has, the replies come because the body is two paragraphs and ends in a binary question rather than a CTA. What is the average subject length on your 39.6 percent replies? That is the variable I am still tuning.
Behavioral targeting is the real unlock. The next layer most people miss: your first line has to reference the SPECIFIC signal you saw, not a generic "I noticed you work at X." If someone just commented on a competitor's post saying "we've been looking at tools like this," the opener writes itself. I do a version of this on LinkedIn for SocialPost.ai and the reply rate easily triples when the message proves I actually read what they wrote.
Curious what the closed-won rate looks like by month three on those 198 replies. Wondering how much of the 12 closes are pure intent vs. sales cycle still grinding.
One thing I’m really curious about:
At what point does this stop being manageable manually?
Because once the signal volume grows, it feels like founders eventually hit a wall where collecting conversations is easy, but actually organizing, learning from, and turning them into decisions becomes the hard part.
Smart!
How would you approach it if the problem you solve is not visible at plain sight? For example, your MRR is leaking via failed stripe payments.
What would your strategy be here, given that most of your potential clients don't know they have a problem and you have the solution?
Find something else your typical client is interested in and target the ones who engage with this type of content. Made up example: if your clients were typically also interested in CVR improvements (since similar to Stripe payments it could be seen as some sort of leakage if you have a bad CVR) you find people who engage with this neighbouring/related topic.
Same approach, different signal layer. You're using behavioral signals on a social platform — they're engaging with X right now, so reach out now. I'm doing cold outreach in a different domain (Chrome extension audit) where the signal is what they've already shipped: I scan GitHub for MV3 extensions whose manifest already declares the exact patterns my tool flags. The "are they thinking about this problem" signal isn't "did they comment on a post about it" — it's "did they write the code that has the problem."
Same reply-rate jump for the same underlying reason. My first round was indiscriminate ("MV3 devs") and replies were ~5% mediocre. Switching to "MV3 devs whose manifest already has the risk pattern my tool actually addresses" took me to 5 replies on 8 outreach emails over the first two days, one of which turned into a deep design conversation that drove an entire product redesign. Different number than your 39.6%, but same shape — your messaging works because by the time you reach out, you're not trying to convince them the problem exists.
One thing I'd add for anyone reading: artifact-based signals are even stronger than behavioral ones, when they exist for your category. Behavioral signal is "they said the words" — which means they're aware. Artifact signal is "they shipped the thing" — which means they're committed enough that the problem is now real for them. Hard to fake commitment.
Open question, since you're further along on the conversion side: at what reply-rate floor does this stop being worth the manual targeting effort? Asking because I'm trying to figure out when to switch from hand-curated lists to a more systematic pipeline, and I'd rather know the breakeven than guess it.
39.6% reply rate is solid. But let's check the math: 500 connects → 198 replies → 12 closes = 2.4% close rate on connects, or 6% on replies.
That's better than spray-and-pray, but is it actually a transformation? What's the ACV of those 12 deals? If you're closing at $500 MRR, 2.4% close rate on cold connects is a grind for any founder operating at scale.
Curious: what does close rate look like on the signal-based list vs. random ICP?
The intent-targeting shift is real and the math holds. The piece worth adding: signal freshness compounds hard. A like on a competitor's post from 3 hours ago has multiples of the reply rate of one from 3 weeks ago. The game is being first in their inbox, not having the best message. Tools that surface intent in near real time win this category. If your active users aren't opening IbexAI within an hour of new signals, that's the next product loop to build.