Tools · Cold Email Revenue Calculator

How much revenue is in your market?

Enter your market size and see the replies, meetings, deals and revenue cold email can bring in, quarter by quarter, and the sending setup it takes.

01

Your market

Every company that fits who you sell to, also called your total addressable market (TAM).

The people you'd reach at each company.

The first email plus follow-ups.

Contacts
20,000
Emails
100,000
The first email and 4 follow-ups
02

Your funnel

Pick a rate for each step. The recommended rates are a sensible starting point for a list that fits and emails written for each person.

Replies
Share of emails that get a reply · Recommended 0.5%
500
0.5% of emails
Positive replies
Share of replies that are interested · Recommended 20%
100
20% of replies
Meetings booked
Share of positive replies that book a meeting · Recommended 70%
70
70% of positive replies
Meetings held
Share of booked meetings that take place · Recommended 70%
49
70% of booked
Deals won
Share of held meetings that close · Recommended 20%
10
20% of held
03

Your revenue

$

Average value of a new customer, in US dollars.

Deals won in Q1
10
Revenue in Q1
$100,000
04

Your year

Q1 is your first pass through the market. After that, meetings held grow 20% each quarter: consistent, disciplined outreach makes results predictable, and the people you reached earlier remember you when the timing is right.

Q1Q2
+20%
Q3
+20%
Q4
+20%
Year
Meetings held49597185264
Deals won1012141753
Revenue$100,000$120,000$140,000$170,000$530,000
05

Your sending setup

The mailboxes and domains it takes to send every contact every email within the quarter.

New contacts per mailbox a day
Emails per mailbox a day
25
5 new contacts × 5 emails
Days between emails · working days, weekends skipped
Email schedule for each contact · working days
  1. Email 1
    Day 1
  2. Email 2
    Day 3
  3. Email 3
    Day 5
  4. Email 4
    Day 7
  5. Email 5
    Day 9

Sequence length: 9 working days, or 11–13 calendar days with weekends, depending on the start day.

Sending domains
15
5 mailboxes each
Mailboxes
71
New contacts a day
351
Cold emails a day
1,755
at full speed

Each sending domain comes with 5 mailboxes, so this setup sends from your 15 domains while your main domain sends no cold email. Plan 2–4 weeks of warmup before the quarter starts.

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How it's calculated

  • Contacts are companies × contacts per company. Each contact gets the emails per contact you set: 5 by default, the first and 4 follow-ups.
  • Each funnel step is the step above it × its rate, rounded to a whole number, so every number multiplies out from the one above. Revenue is deals won × average deal size.
  • Each quarter after Q1, meetings held grow 20% on the quarter before. Deals won follow at your close rate.
  • The sending setup fits every email to every contact into one quarter of 65 working days. A sequence takes (emails per contact − 1) × the days between emails, so new contacts start in the days before that. Mailboxes are new contacts a day ÷ new contacts per mailbox a day, rounded up, and each sending domain carries 5 mailboxes.
  • A mailbox that starts n new contacts a day sends n × emails per contact a day once its follow-ups are running: that day's first emails plus the follow-ups due. Keep it at 50 or fewer.

The funnel math is explained step by step in Cold email is a volume game.

Questions

What reply rate should I plan for?
The calculator recommends 0.5% of emails as a planning number. A list where every company fits and emails written for each person do better than that; one template sent to a bought list does worse.
How many mailboxes do I need for cold email?
Divide the new contacts you need to start each day by how many new contacts each mailbox starts a day. A mailbox that starts 5 new contacts a day sends 25 emails a day once its follow-ups are running. Each sending domain carries 5 mailboxes.
Why not send cold email from my main domain?
Your main domain carries invoices, proposals and customer replies. If cold email hurts its reputation, all of that lands in spam. Separate sending domains keep the risk away from it. Read more about sending domains.
Why does the gap between emails change the number of mailboxes?
A longer gap, or more emails per contact, makes each sequence take longer, so there are fewer days in the quarter to start new contacts and each day has to start more of them.
Why do meetings grow every quarter?
Consistent, disciplined outreach makes results predictable. Each quarter your market hears from you again, and the people you reached earlier remember you when the timing is right. The calculator plans for 20% more meetings held each quarter, with deals following at your close rate.