Skills for Life
Entrepreneurship and Innovation
My Step-by-Step Guide to Sending a Billion Dollar Proposal to 105 Tech Companies
Sending a billion dollar proposal to 105 tech companies is daunting, but it is possible with the right approach. In this lesson, we will share my step-by-step process for sending a billion dollar proposal to 105 tech companies. We will also give you some tips on making your submission short, using a tool like SendGrid or Mailchimp to automate the process, and following up with potential customers.
Step 1: Find events that they sponsor
The purpose of finding the event and the sponsors is to find out which companies are focused on doing business in your industry so you can make a list of them to find contacts for. That’s how I found the list of companies in the spreadsheet that we put together. This needs to be changed to state that and it’s not about customers it’s about customers. The goal is not to add the event to your calendar, it’s to find a list of customers to focus on.
Step 2: Create a proposal
Once you have a list of target companies, it’s time to start creating your proposal. Your proposal should be short and clearly explain your business, your team, and your vision for the future.
The purpose should include your purpose or vision for the partnership. Create a Clear, Concise, and Appealing Proposal:
- Detail the benefits for the companies.
- Explain why partnering with you is advantageous.
- Include information about the offer, market reach, and potential revenue opportunities.
- Clearly mention your value proposition. This is important because it shows potential customers you have a well-thought-out plan for your business.
Step 3: Use email automation
Once you have an email proposal, you can use a tool like SendGrid or Mailchimp to automate sending it to your target companies. This will save you a lot of time and effort. When you’re using email automation, be sure to personalize each email. This will show potential customers that you’re interested in their company and have taken the time to learn about them.
Step 4: Follow up
After you’ve sent your proposal, be sure to follow up with potential customers or target companies. You can do this by sending them a follow-up email or scheduling a meeting. Being patient and persistent when following up with potential customers is essential. It may take some time for them to respond to your proposal, but you must keep following up until you decide.
Tips for making your proposal short
Here are a few tips for making your proposal short and concise:
- Focus on the most critical information. Only include necessary details.
- Use clear and concise language. Avoid using jargon or technical terms that your target audience may not understand.
- Be specific about your goals and how you plan to achieve them.
- Use visuals to support your points. Charts, graphs, and images can be a great way to make your proposal more engaging and informative.
Tips for using Email automation
Here are a few tips for using email automation to send your proposal:
- Personalize each email. This shows potential customers that you’re interested in their company and have taken the time to learn about them.
- Use a catchy subject line. This will help your email stand out in potential customers’ inboxes.
- Keep your email short and to the point. Get your main point across quickly and easily.
- Include a call to action. Tell potential customers what you want them to do next: schedule a meeting, visit your website, or sign up for a newsletter.
Tips for following up with Potential customers
Here are a few tips for following up with potential customers:
- Be patient. It may take some time for potential customers to respond to your proposal.
- Be persistent. Follow up with potential customers regularly until you get a decision.
- Be polite and respectful. Remember that potential customers are busy people. Be respectful of their time, and don’t be too pushy.
Sending a billion-dollar proposal to 105 tech companies is easier than you might think. Following the steps outlined in this lesson can increase your chances of success.
Isaac's Closing Questions
1.How would you approach identifying tech companies for a billion-dollar proposal, considering the importance of finding events they sponsor and understanding their focus in your industry?
2.In crafting a billion-dollar proposal, what specific tips resonate with you the most, whether it’s about creating a concise proposal, using email automation tools, or following up with potential customers?