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I cold call for a living. By cold calling I mean 40 outbound calls and 15 emails or LinkedIn InMails on a regular outreach day.

Result: 6 figure income on a 70k base, for 4 years.

I also do Customer Development-type emails for my own side business, and for others (as-a-service).

Summary: it works. If you learn how to do it right.

Top tools: Stephan Schiffman's Telesales and Basho Email System.

Also: for cold calling to work you must have something of value, that solves a real pain/problem. Not something ephemeral like an app that, say, splits the dinner bill amongst friends.