Proprietary Outreach Target List Refinement & Follow Cadence Questions

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February 11, 2026

by a searcher from Northwestern University - Kellogg School of Management in Brooklyn, NY, USA

Hi, I’m preparing to launch my proprietary outreach and would love to learn from those who have successfully navigated list refinement and multi-channel cadences. **Refining Targeted Lists: Data Axle & PPP Best Practices** I’m currently building my target list using Data Axle and PPP loan data. While I'm comfortable navigating NAICS codes, I’d love to hear how others are refining this data, specifically: - Do you find "Number of Employees" or "Sales Volume" in Data Axle to be reliable indicators of business size, or do they require significant discounting? - For those using PPP data, what best practices do you use to back into EBITDA or Revenue? Are there specific industry comps or "rules of thumb" you’ve found effective? - Do you perform a "sanity check" (LinkedIn/website review) for every company before the first touch, or is it more efficient to maintain high volume and only vet leads once they engage? **Outreach & Follow-up Cadence** I’m leaning toward leading with physical mail and phone calls to cut through the digital noise, but I’d love to get the community's help. While a multi-channel approach (email, snail mail, and calls) seems ideal for those willing to put in the manual effort, I’m struggling with the specifics of the mix. For those who have seen success: - Sequence: What order and spacing have you found most effective? - Volume: What is the ideal ratio of mail, email, and phone call touches? - Persistence: How many total touches do you typically attempt before moving on from a lead? If anyone has had success with this I would love to jump on a quick call to hear about your experience.
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Reply by a searcher
from University of Notre Dame in San Francisco, CA, USA
I used to work at Harvey & Co., led a number of sector dives while investing in PE, and now build my own theses with the goal of building out my strategic finance and value creation business. My $0.02: the most effective way to convert outreach to connection is to show that you (1) are genuine and real, (2) legitimately interested and qualified, (3) understand the industry + have a real thesis, and (4) you actually know what they do and most importantly, that you have an opinion on why their specific business is a fit. Leverage AI tools for research and screening. Be a human when attempting to get in touch with a human. You're trying to get in front of a business owner who gets 10+ "strategies" pitched to him each week. Emails + physical mail + phone calls + LinkedIn should all be used. Get to know the bankers, lawyers, consultants, software providers, and other industry participants. I'm building my own thesis within EV charging infrastructure, and just had a software vendor offer to connect me with 6 operators in the space after having an intro call / industry discussion with them. Get creative in your networking. Ask industry participants how you can be valuable to them. In my experience, strategic acquirers will almost always have a higher hit-rate on outreach (I had a 92% contact rate for an old add-on search I ran). You can mitigate this somewhat for a new platform search by demonstrating the fact that you have a legitimate thesis.
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Reply by a professional
in Jaipur, Rajasthan, India
^redacted‌ we had been hired by a lot of searchers for building the deal pipeline and based on our experience and exposure, I can say that the numbers that you get from these aren't accurate numbers, we often have to search things online and make educated guesses, where revenue is something that can't be guessed, other things can be found in some or most cases if not all. Mostly people get the manual work done through Virtual Assistants for which my team get hired as well, as they do the heavy lifting of doing mundane tasks. Multitouch approach would be a wise choice to go after, and it is a volume game only so try to delegate and automate as much as you can, and personalize wisely. Don't try to do everything on your own. If you wish to speak in detail, write me at- redacted
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