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Selling to big banks

How Sam and CarPay-Diem team contacted retail banks in Germany and generated 20 positive replies. Translated from German.
164
Emails sent
43%
Reply rate
1

Step one email

Subject line: Innovation & Open Banking at <fancy>{{companyName}}<fancy>

<fancy>{{Civility}} {{lastName}}<fancy>,

I am writing to you because <fancy>{{icebreaker}}<fancy>

It is difficult today to invest in digitization projects without accepting high costs and uncertain added value. Nevertheless, the banks are changing and no longer only offer banking services.

At CarPay-Diem, we have developed a solution that allows you to make payments at petrol stations from the vehicle using your smartphone. Our service is integrated directly into the bank app. With every transaction, a commission is generated for our banking partners and, at the same time, our partners' customers are offered a service with high added value. We already work with the Belgian bank Belfius and the Luxembourg bank BIL.

I would be very happy to speak to you about this topic and explain what a possible cooperation could look like.

Can I reach you in the next few days?

I thank you in advance.

With kind regards,

Subject line: Innovation & Open Banking at <fancy>BANKIOS<fancy>

<fancy>Mr. Smith<fancy>,

I am writing to you because <fancy>I have just read the post by John Stone, Head of Marketing at your bank. The idea was that it's important for banks to collaborate with startups.<fancy>

It is difficult today to invest in digitization projects without accepting high costs and uncertain added value. Nevertheless, the banks are changing and no longer only offer banking services.

At CarPay-Diem, we have developed a solution that allows you to make payments at petrol stations from the vehicle using your smartphone. Our service is integrated directly into the bank app. With every transaction, a commission is generated for our banking partners and, at the same time, our partners' customers are offered a service with high added value. We already work with the Belgian bank Belfius and the Luxembourg bank BIL.

I would be very happy to speak to you about this topic and explain what a possible cooperation could look like.

Can I reach you in the next few days?

I thank you in advance.

With kind regards,

A great job by Sam Tayenne, Digital Marketing Associate at CarPay-Diem. 🚀

164
emails sent 🤔
60%
open rate 🙂
43%
reply rate 😁
2

Step two email

<fancy>{{Civility}} {{lastName}}<fancy>,

I am writing to you because I have not yet received any feedback on my previous e-mail.

The upheaval in the banking world towards open banking is becoming more and more noticeable. An interview with Florent Istace, Head of Beyond Banking at Belfius, who reports how the service provided by CarPay-Diem enabled them to transition to Open Banking.

Would you be ready for a conversation in the next few days?

I thank you in advance.

<fancy>Mr. Smith<fancy>,

I am writing to you because I have not yet received any feedback on my previous e-mail.

The upheaval in the banking world towards open banking is becoming more and more noticeable. An interview with Florent Istace, Head of Beyond Banking at Belfius, who reports how the service provided by CarPay-Diem enabled them to transition to Open Banking.

Would you be ready for a conversation in the next few days?

I thank you in advance.

3

Step three email

<fancy>{{Civility}} {{lastName}}<fancy>,

Please excuse me for writing to you again, you are obviously not the right person to talk to on this matter. Can you please tell me who is responsible for this subject at <fancy>{{companyName}}<fancy>?

I thank you in advance.

With kind regards,

<fancy>Mr. Smith<fancy>,

Please excuse me for writing to you again, you are obviously not the right person to talk to on this matter. Can you please tell me who is responsible for this subject at <fancy>BANKIOS<fancy>?

I thank you in advance.

With kind regards,

4

Step four email

1

Step one email

Subject line: Innovation & Open Banking at <fancy>{{companyName}}<fancy>

<fancy>{{Civility}} {{lastName}}<fancy>,

I am writing to you because <fancy>{{icebreaker}}<fancy>

It is difficult today to invest in digitization projects without accepting high costs and uncertain added value. Nevertheless, the banks are changing and no longer only offer banking services.

At CarPay-Diem, we have developed a solution that allows you to make payments at petrol stations from the vehicle using your smartphone. Our service is integrated directly into the bank app. With every transaction, a commission is generated for our banking partners and, at the same time, our partners' customers are offered a service with high added value. We already work with the Belgian bank Belfius and the Luxembourg bank BIL.

I would be very happy to speak to you about this topic and explain what a possible cooperation could look like.

Can I reach you in the next few days?

I thank you in advance.

With kind regards,

Subject line: Innovation & Open Banking at <fancy>BANKIOS<fancy>

<fancy>Mr. Smith<fancy>,

I am writing to you because <fancy>I have just read the post by John Stone, Head of Marketing at your bank. The idea was that it's important for banks to collaborate with startups.<fancy>

It is difficult today to invest in digitization projects without accepting high costs and uncertain added value. Nevertheless, the banks are changing and no longer only offer banking services.

At CarPay-Diem, we have developed a solution that allows you to make payments at petrol stations from the vehicle using your smartphone. Our service is integrated directly into the bank app. With every transaction, a commission is generated for our banking partners and, at the same time, our partners' customers are offered a service with high added value. We already work with the Belgian bank Belfius and the Luxembourg bank BIL.

I would be very happy to speak to you about this topic and explain what a possible cooperation could look like.

Can I reach you in the next few days?

I thank you in advance.

With kind regards,

A great job by Sam Tayenne, Digital Marketing Associate at CarPay-Diem. 🚀

164
emails sent 🤔
60%
open rate 🙂
43%
reply rate 😁
2

Step two email

<fancy>{{Civility}} {{lastName}}<fancy>,

I am writing to you because I have not yet received any feedback on my previous e-mail.

The upheaval in the banking world towards open banking is becoming more and more noticeable. An interview with Florent Istace, Head of Beyond Banking at Belfius, who reports how the service provided by CarPay-Diem enabled them to transition to Open Banking.

Would you be ready for a conversation in the next few days?

I thank you in advance.

<fancy>Mr. Smith<fancy>,

I am writing to you because I have not yet received any feedback on my previous e-mail.

The upheaval in the banking world towards open banking is becoming more and more noticeable. An interview with Florent Istace, Head of Beyond Banking at Belfius, who reports how the service provided by CarPay-Diem enabled them to transition to Open Banking.

Would you be ready for a conversation in the next few days?

I thank you in advance.

3

Step three email

<fancy>{{Civility}} {{lastName}}<fancy>,

Please excuse me for writing to you again, you are obviously not the right person to talk to on this matter. Can you please tell me who is responsible for this subject at <fancy>{{companyName}}<fancy>?

I thank you in advance.

With kind regards,

<fancy>Mr. Smith<fancy>,

Please excuse me for writing to you again, you are obviously not the right person to talk to on this matter. Can you please tell me who is responsible for this subject at <fancy>BANKIOS<fancy>?

I thank you in advance.

With kind regards,

4

Step four email

Subject line: Innovation & Open Banking at <fancy>{{companyName}}<fancy>

<fancy>{{Civility}} {{lastName}}<fancy>,

I am writing to you because <fancy>{{icebreaker}}<fancy>

It is difficult today to invest in digitization projects without accepting high costs and uncertain added value. Nevertheless, the banks are changing and no longer only offer banking services.

At CarPay-Diem, we have developed a solution that allows you to make payments at petrol stations from the vehicle using your smartphone. Our service is integrated directly into the bank app. With every transaction, a commission is generated for our banking partners and, at the same time, our partners' customers are offered a service with high added value. We already work with the Belgian bank Belfius and the Luxembourg bank BIL.

I would be very happy to speak to you about this topic and explain what a possible cooperation could look like.

Can I reach you in the next few days?

I thank you in advance.

With kind regards,

Subject line: Innovation & Open Banking at <fancy>BANKIOS<fancy>

<fancy>Mr. Smith<fancy>,

I am writing to you because <fancy>I have just read the post by John Stone, Head of Marketing at your bank. The idea was that it's important for banks to collaborate with startups.<fancy>

It is difficult today to invest in digitization projects without accepting high costs and uncertain added value. Nevertheless, the banks are changing and no longer only offer banking services.

At CarPay-Diem, we have developed a solution that allows you to make payments at petrol stations from the vehicle using your smartphone. Our service is integrated directly into the bank app. With every transaction, a commission is generated for our banking partners and, at the same time, our partners' customers are offered a service with high added value. We already work with the Belgian bank Belfius and the Luxembourg bank BIL.

I would be very happy to speak to you about this topic and explain what a possible cooperation could look like.

Can I reach you in the next few days?

I thank you in advance.

With kind regards,

A great job by Sam Tayenne, Digital Marketing Associate at CarPay-Diem. 🚀

164
emails sent 🤔
60%
open rate 🙂
43%
reply rate 😁

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Why did this outreach campaign work?

We love a good cold email teardown. In other words, analyzing why a specific cold email template worked and breaking it down to the smallest details so that both a beginner and an advanced player can extract value from it.

Without further ado, let's get rolling.

Know your audience well

When you're reaching out to big clients, you really need to investigate serious time in research and show them you know them.

If you manage to do this, writing a solid cold email pitch would be twice easier because research gives you a ton of ideas on how you can personalize your email. Make it stand out.

For example, compliment their recent milestone, a piece of content they are pushing on LinkedIn or simply connect based on a well-researched pain point or common ground. These customizations can easily become a great intro line that breaks the ice or a unique proposition that creates intrigue.

This is exactly the strategy Sam used in his sequence.

Adapt style to your audience

Different audience profiles require for different language to be used.

For instance, you might've seen people using memes or jokes more often when reaching out to startup founders. However, if you're going for VPs of bigger banks, chances are you'll not take the same route.

If you think about it, the question is not whether your email should be formal or informal. Professional or funny. Short or long. The only question that's worth discussing is if it speaks the language of your prospect.

In Sam's example, you can explore the direction he decided to take.

A great job by Sam Tayenne, Digital Marketing Associate at CarPay-Diem. 🚀

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