In search of things new and useful.
Always Ask Twice
This is really simple advice, but I find it remarkably powerful.
Always ask twice. If you get ignored the first time, or hear a “no”, it never hurts to try again when you’ve made more progress. It’s amazing how far a little persistence can take you.
As a simple example, take cold emails. Of course, there are many times when a cold email gets ignored because it’s not something that gets the recipient excited.
But a significant percent of the time, emails just get lost in the shuffle. There are so many reasons – vacations, sicknesses, back-to-back schedules, etc. Personally, almost every time I send a cold email and get ignored, I try again. And surprisingly, my hit rate with email #2 is pretty good – probably at least 25%.
Now, that may sound discouraging, but that’s actually pretty darn good if it’s someone that you really do want to connect with. I’ve found that it’s probably even higher when it’s a phone call, or something a little more personal.
You don’t want to take this to excess and start to get annoying. But I think that two “asks” is usually fine. I don’t fault entrepreneurs at all for asking me twice about investing in their company. Especially if things changed materially. I’ve made three seed investments in companies that I explicitly passed on the first time around.
I bet this is the same for partnerships and many other sales oriented situations. I’m a big believer in persistence. And if you think that it gets annoying, at least ask twice. The worse you can hear is “no”.