SlideShare a Scribd company logo
1 of 19
Scaling sales 

ridiculously fast

with virtual teams

Anand Kulkarni 

CEO, LeadGenius
!
About Me
CEO, LeadGenius (MobileWorks)
YC, A16Z, 500S
!
8 years in crowdsourcing & 

virtual staffing


NSF ex-doctoral candidate 

UC Berkeley


We run:

500 outbound sales development
reps, 100% virtual

Produce 100,000 leads/week
50,000 outbound emails/week
How you should think
about growth
“Once you have product-market fit, the only acceptable
limits on your sales are:



1) not enough leads at the top of your funnel

2) not enough salespeople to close deals”
-Founder, 

Leading SaaS Benefits
Company

Fastest-growing 

SAAS startup in history
I’ll show you today:
…how to produce 1000+ leads / week for your sales team

on the cheap, using virtual workers (no hiring!)





… how to get your salespeople pitching 

50-100 customers per day, with no extra work





… how to repeatably generate consistent sales from 

virtual outbound
Sales used to be
1) Hire a giant sales development staff
2) Buy a canned lead list
3) Work your way down that lead list

with cold calls
Sales is now

hypertargeted
1) Find and rank

every potential qualified 

customer in the entire country 

(with no developers!)"
2) Figure out relevant data about

each of those customers





3) Write each one of those 

customers a personalized 

message from a salesperson
Why Go Virtual?
In-person SDR:

$80K/year (full-time)

Slow to hire

Competitive to retain

Virtual staffers:

$10/hr-$20/hr (contract)

Unlimited, scalable supply

Dedicated + Happy

Setting up Virtual SDRs
Leadgen: go global!
Outreach and QA: stick to US
Start with:

—1 leadgen staffer

—1 outreach staffer

—1 manager/QA (!!!)
Find people here:

Craigslist (DIY)

oDesk/Elance (DIY)

Freelancer (DIY)

Job Boards (DIY)

TaskUs (managed)

LeadGenius (managed)
Strip-mining the web


21,708,021 US businesses

6,049,655 US businesses w/ >1 person



Your customers are listed in…

Yelp (47M establishments)

LinkedIn (2M Companies)

CrunchBase (650K Companies)

AngelList (289K Companies)
GO STATE BY STATE 

or 

CITY BY CITY 

and

vertical by vertical

Avoid low quality sources…

Data.com 

Dunn & Bradstreet
Equip your new VSDRs
Give researchers:

LinkedIn Premium

Google Spreadsheets

Import.io

Rapportive

Toofr (verification)
Give prospectors:

LinkedIn Premium

Yesware or Streak or Tout

Salesforce/CRM access
Total cost: <$200
Pitching Leads
From: anand@leadgenius.com

To: sarah@hotlead.com

Subj: Quick Question, Sarah
Hi Sarah,
I saw you guys were hiring for SDRs. We know each other
through Michael James and I wanted to see if we might be
able to help you scale your SDR team. I have a few extra SDRs
we can push your way. 



Let me know if you’d like to chat further – we’re doing this for
SoldLead8 already.
BTW, congrats on your recent round!
Cheers!

AK
(Send it from your
salesperson.)
(Short and sweet wins!)
(Don’t be salesy… be
helpful)



(Make it a custom,
handwritten email)
Double-Tap: LinkedIn
profile view on the
same date!
Advanced Messaging
From: anand@leadgenius.com

To: sarah@hotlead.com

Subj: Quick Question, Sarah
Hi Sarah,
I saw you guys were hiring for SDRs.
We know each other through Michael
James and I wanted to see if we might
be able to help you scale your SDR
team. I have a few extra SDRs we can
push your way. 



Let me know if you’d like to chat further
– we’re doing this for SoldLead8
Interested?
Here’s 3 times
that work for
me!
Here’s more
information!
Check back
later.
Specific
question
Automatically
schedule a
follow-up mail
What you should get
Immediate responses
from decision
makers.
Measuring Performance
on A Virtual Team
Measure ROI!
Measuring Performance
on A Virtual Team
Cost per lead
!
!
Leads per week ——————>



Emails per week ——————>



Convos —————————>
What numbers should you
expect?


1 researcher + 1
manager generate 

600 leads per week
10% response = 10 leads
per salesperson per day


1 writer writes
600 templates per week
Total cost: $3200
What numbers should you
expect?
10 leads per hour

10 custom emails per hour





10% positive response rate

2.5% close rate


Target: 

<$200/acquisition"
$1-2 / cost per message

!
$20 / cost per lead

!
$80-$200 / closed deal
Recap
• Hire virtual workers 

(1 research and 1 outreach, 

plus a manager)
• Extract massive numbers of leads
• Prospect: short/sweet, from the salesperson’s inbox,
50-100 / day until your pipeline is full
• Monitor ROI and hold workers accountable: 

10 leads / hour, 10 emails / hour, 2.5% close rate, 

<$200/acquisition
That’s it!
• Tell us what’s working for you. Our Head of Marketing
would love to hear from you:

Lena@leadgenius.com

• If you want to use our tools:

www.leadgenius.com

• We’re hiring (VP Sales, 

sales enthusiasts,developers):

leadgenius.com/careers

More Related Content

Viewers also liked

9 Positioning Tips from Marketing Guru Laura Ries That Will All Dramatically ...
9 Positioning Tips from Marketing Guru Laura Ries That Will All Dramatically ...9 Positioning Tips from Marketing Guru Laura Ries That Will All Dramatically ...
9 Positioning Tips from Marketing Guru Laura Ries That Will All Dramatically ...Contriber
 
LSA16: Facebook, Local Monetization and Measurement
LSA16: Facebook, Local Monetization and MeasurementLSA16: Facebook, Local Monetization and Measurement
LSA16: Facebook, Local Monetization and MeasurementLocalogy
 
LSA16: What does the Data Say about Churn?
LSA16: What does the Data Say about Churn?LSA16: What does the Data Say about Churn?
LSA16: What does the Data Say about Churn?Localogy
 
LSA16: How ReachLocal Boosted Retention by 50% in 12 Months
LSA16: How ReachLocal Boosted Retention by 50% in 12 MonthsLSA16: How ReachLocal Boosted Retention by 50% in 12 Months
LSA16: How ReachLocal Boosted Retention by 50% in 12 MonthsLocalogy
 
LSA16: NPS Data - What It Means for You & the Market
LSA16: NPS Data - What It Means for You & the MarketLSA16: NPS Data - What It Means for You & the Market
LSA16: NPS Data - What It Means for You & the MarketLocalogy
 
LSA16: MapQuest – Revitalizing Culture to Revive a Brand
LSA16: MapQuest – Revitalizing Culture to Revive a BrandLSA16: MapQuest – Revitalizing Culture to Revive a Brand
LSA16: MapQuest – Revitalizing Culture to Revive a BrandLocalogy
 
LSA16: State of the Association & Local Marketing Industry
LSA16: State of the Association & Local Marketing IndustryLSA16: State of the Association & Local Marketing Industry
LSA16: State of the Association & Local Marketing IndustryLocalogy
 
LSA16: Constant Contact - Automated Facebook Ad Creation with Email
LSA16: Constant Contact - Automated Facebook Ad Creation with EmailLSA16: Constant Contact - Automated Facebook Ad Creation with Email
LSA16: Constant Contact - Automated Facebook Ad Creation with EmailLocalogy
 
LSA16: Google 10X Thinking - Revolution not Evolution
LSA16: Google 10X Thinking - Revolution not EvolutionLSA16: Google 10X Thinking - Revolution not Evolution
LSA16: Google 10X Thinking - Revolution not EvolutionLocalogy
 
LSA15: Solving the SMB Retention Challenge
LSA15: Solving the SMB Retention ChallengeLSA15: Solving the SMB Retention Challenge
LSA15: Solving the SMB Retention ChallengeLocalogy
 
How to Achieve a 52% Reply Rate on Cold Emails
How to Achieve a 52% Reply Rate on Cold EmailsHow to Achieve a 52% Reply Rate on Cold Emails
How to Achieve a 52% Reply Rate on Cold EmailsDatanyze
 
LSA16: Attribution Revolution - The New Location Analytics
LSA16: Attribution Revolution - The New Location AnalyticsLSA16: Attribution Revolution - The New Location Analytics
LSA16: Attribution Revolution - The New Location AnalyticsLocalogy
 

Viewers also liked (12)

9 Positioning Tips from Marketing Guru Laura Ries That Will All Dramatically ...
9 Positioning Tips from Marketing Guru Laura Ries That Will All Dramatically ...9 Positioning Tips from Marketing Guru Laura Ries That Will All Dramatically ...
9 Positioning Tips from Marketing Guru Laura Ries That Will All Dramatically ...
 
LSA16: Facebook, Local Monetization and Measurement
LSA16: Facebook, Local Monetization and MeasurementLSA16: Facebook, Local Monetization and Measurement
LSA16: Facebook, Local Monetization and Measurement
 
LSA16: What does the Data Say about Churn?
LSA16: What does the Data Say about Churn?LSA16: What does the Data Say about Churn?
LSA16: What does the Data Say about Churn?
 
LSA16: How ReachLocal Boosted Retention by 50% in 12 Months
LSA16: How ReachLocal Boosted Retention by 50% in 12 MonthsLSA16: How ReachLocal Boosted Retention by 50% in 12 Months
LSA16: How ReachLocal Boosted Retention by 50% in 12 Months
 
LSA16: NPS Data - What It Means for You & the Market
LSA16: NPS Data - What It Means for You & the MarketLSA16: NPS Data - What It Means for You & the Market
LSA16: NPS Data - What It Means for You & the Market
 
LSA16: MapQuest – Revitalizing Culture to Revive a Brand
LSA16: MapQuest – Revitalizing Culture to Revive a BrandLSA16: MapQuest – Revitalizing Culture to Revive a Brand
LSA16: MapQuest – Revitalizing Culture to Revive a Brand
 
LSA16: State of the Association & Local Marketing Industry
LSA16: State of the Association & Local Marketing IndustryLSA16: State of the Association & Local Marketing Industry
LSA16: State of the Association & Local Marketing Industry
 
LSA16: Constant Contact - Automated Facebook Ad Creation with Email
LSA16: Constant Contact - Automated Facebook Ad Creation with EmailLSA16: Constant Contact - Automated Facebook Ad Creation with Email
LSA16: Constant Contact - Automated Facebook Ad Creation with Email
 
LSA16: Google 10X Thinking - Revolution not Evolution
LSA16: Google 10X Thinking - Revolution not EvolutionLSA16: Google 10X Thinking - Revolution not Evolution
LSA16: Google 10X Thinking - Revolution not Evolution
 
LSA15: Solving the SMB Retention Challenge
LSA15: Solving the SMB Retention ChallengeLSA15: Solving the SMB Retention Challenge
LSA15: Solving the SMB Retention Challenge
 
How to Achieve a 52% Reply Rate on Cold Emails
How to Achieve a 52% Reply Rate on Cold EmailsHow to Achieve a 52% Reply Rate on Cold Emails
How to Achieve a 52% Reply Rate on Cold Emails
 
LSA16: Attribution Revolution - The New Location Analytics
LSA16: Attribution Revolution - The New Location AnalyticsLSA16: Attribution Revolution - The New Location Analytics
LSA16: Attribution Revolution - The New Location Analytics
 

Building massive lead lists through outsourcing

  • 1. Scaling sales 
 ridiculously fast
 with virtual teams
 Anand Kulkarni 
 CEO, LeadGenius !
  • 2. About Me CEO, LeadGenius (MobileWorks) YC, A16Z, 500S ! 8 years in crowdsourcing & 
 virtual staffing 
 NSF ex-doctoral candidate 
 UC Berkeley 
 We run:
 500 outbound sales development reps, 100% virtual
 Produce 100,000 leads/week 50,000 outbound emails/week
  • 3. How you should think about growth “Once you have product-market fit, the only acceptable limits on your sales are:
 
 1) not enough leads at the top of your funnel
 2) not enough salespeople to close deals” -Founder, 
 Leading SaaS Benefits Company
 Fastest-growing 
 SAAS startup in history
  • 4. I’ll show you today: …how to produce 1000+ leads / week for your sales team
 on the cheap, using virtual workers (no hiring!)
 
 
 … how to get your salespeople pitching 
 50-100 customers per day, with no extra work
 
 
 … how to repeatably generate consistent sales from 
 virtual outbound
  • 5. Sales used to be 1) Hire a giant sales development staff 2) Buy a canned lead list 3) Work your way down that lead list
 with cold calls
  • 6. Sales is now
 hypertargeted 1) Find and rank
 every potential qualified 
 customer in the entire country 
 (with no developers!)" 2) Figure out relevant data about
 each of those customers
 
 
 3) Write each one of those 
 customers a personalized 
 message from a salesperson
  • 7. Why Go Virtual? In-person SDR:
 $80K/year (full-time)
 Slow to hire
 Competitive to retain
 Virtual staffers:
 $10/hr-$20/hr (contract)
 Unlimited, scalable supply
 Dedicated + Happy

  • 8. Setting up Virtual SDRs Leadgen: go global! Outreach and QA: stick to US Start with:
 —1 leadgen staffer
 —1 outreach staffer
 —1 manager/QA (!!!) Find people here:
 Craigslist (DIY)
 oDesk/Elance (DIY)
 Freelancer (DIY)
 Job Boards (DIY)
 TaskUs (managed)
 LeadGenius (managed)
  • 9. Strip-mining the web 
 21,708,021 US businesses
 6,049,655 US businesses w/ >1 person
 
 Your customers are listed in…
 Yelp (47M establishments)
 LinkedIn (2M Companies)
 CrunchBase (650K Companies)
 AngelList (289K Companies) GO STATE BY STATE 
 or 
 CITY BY CITY 
 and
 vertical by vertical
 Avoid low quality sources…
 Data.com 
 Dunn & Bradstreet
  • 10. Equip your new VSDRs Give researchers:
 LinkedIn Premium
 Google Spreadsheets
 Import.io
 Rapportive
 Toofr (verification) Give prospectors:
 LinkedIn Premium
 Yesware or Streak or Tout
 Salesforce/CRM access Total cost: <$200
  • 11. Pitching Leads From: anand@leadgenius.com
 To: sarah@hotlead.com
 Subj: Quick Question, Sarah Hi Sarah, I saw you guys were hiring for SDRs. We know each other through Michael James and I wanted to see if we might be able to help you scale your SDR team. I have a few extra SDRs we can push your way. 
 
 Let me know if you’d like to chat further – we’re doing this for SoldLead8 already. BTW, congrats on your recent round! Cheers!
 AK (Send it from your salesperson.) (Short and sweet wins!) (Don’t be salesy… be helpful)
 
 (Make it a custom, handwritten email) Double-Tap: LinkedIn profile view on the same date!
  • 12. Advanced Messaging From: anand@leadgenius.com
 To: sarah@hotlead.com
 Subj: Quick Question, Sarah Hi Sarah, I saw you guys were hiring for SDRs. We know each other through Michael James and I wanted to see if we might be able to help you scale your SDR team. I have a few extra SDRs we can push your way. 
 
 Let me know if you’d like to chat further – we’re doing this for SoldLead8 Interested? Here’s 3 times that work for me! Here’s more information! Check back later. Specific question Automatically schedule a follow-up mail
  • 13. What you should get Immediate responses from decision makers.
  • 14. Measuring Performance on A Virtual Team Measure ROI!
  • 15. Measuring Performance on A Virtual Team Cost per lead ! ! Leads per week ——————>
 
 Emails per week ——————>
 
 Convos —————————>
  • 16. What numbers should you expect? 
 1 researcher + 1 manager generate 
 600 leads per week 10% response = 10 leads per salesperson per day 
 1 writer writes 600 templates per week Total cost: $3200
  • 17. What numbers should you expect? 10 leads per hour
 10 custom emails per hour
 
 
 10% positive response rate
 2.5% close rate 
 Target: 
 <$200/acquisition" $1-2 / cost per message
 ! $20 / cost per lead
 ! $80-$200 / closed deal
  • 18. Recap • Hire virtual workers 
 (1 research and 1 outreach, 
 plus a manager) • Extract massive numbers of leads • Prospect: short/sweet, from the salesperson’s inbox, 50-100 / day until your pipeline is full • Monitor ROI and hold workers accountable: 
 10 leads / hour, 10 emails / hour, 2.5% close rate, 
 <$200/acquisition
  • 19. That’s it! • Tell us what’s working for you. Our Head of Marketing would love to hear from you:
 Lena@leadgenius.com
 • If you want to use our tools:
 www.leadgenius.com
 • We’re hiring (VP Sales, 
 sales enthusiasts,developers):
 leadgenius.com/careers