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Guide

How many leads do I need to book 10 meetings?

Work backwards: contacts needed equals meetings wanted divided by your contact-to-meeting rate. If 2 in every 100 people you contact take a meeting, 10 meetings needs about 500 contacts. Measure your own rate over a month, because it varies widely with the offer, the list quality and the channel.

Key takeaways

  • Your own conversion rate is the only number that matters. Benchmarks are a starting guess.
  • Improving list fit usually raises meetings faster than sending more.
  • Plan contacts per month, then check the plan against your data allowance.

Step by step

  1. Set the meeting goal. For example 10 qualified meetings a month.
  2. Find your contact-to-meeting rate. Meetings booked divided by people contacted over the last month or campaign.
  3. Divide. Meetings wanted divided by that rate gives contacts needed. 10 divided by 0.02 is 500.
  4. Add a margin for bad data. Add 10 to 20 percent for bounces, wrong people and duplicates.
  5. Improve the rate, not just the volume. Tighter targeting, a better first line and a second channel such as phone move the rate more than extra volume.
How many leads do I need to book 10 meetings?, at a glance
Contact-to-meeting rateContacts for 10 meetings
1%1,000
2%500
3%About 335
5%200

What to know

The table is arithmetic, not a promise. A specialist offer sent to a carefully chosen list can convert several times better than a generic message sent to a broad one.

This is also how to choose a data plan. If you need 500 contacts a month, the Buzzlist Starter plan at 1,500 covers it with room to test. If you need 100 to prove the idea, the free plan is enough.

Written by Mike Berens, founder of Buzzlist. Published , last updated .

Common questions

What is a good cold outreach conversion rate?

It depends heavily on the offer and the list. Measure yours, then try to beat it, instead of chasing someone else's number.

Should I count email and calls together?

Count people contacted, whatever the channel, so the rate stays comparable.

How do I raise the rate?

Narrow the people, use a real reason for writing to each person, and follow up.

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