Glossary
This glossary gives plain, one-or-two-sentence definitions of the words used in outbound sales, from ICP and why-now line to Form D and SH01. Each is written for a founder who has to do their own selling. Buying signal has its own page with a worked example.
Sales has a lot of vocabulary and not much of it is explained. These are the terms we use most, in alphabetical order, without the hype.
A to Z
Buying signal
A public event that suggests a company may be ready to buy, such as a funding round or a relevant job post. It is a reason to get in touch, not a promise of a sale.
Companies House filing
A document a UK company must file with Companies House, the UK company registry, such as a confirmation statement, a change of directors or a share allotment. Filings are public, so anyone can read them as signals.
Digest
One message that bundles several items instead of sending each on its own. In sales, a daily digest lists the day's leads in one email or chat message.
Firmographics
Facts that describe a company the way demographics describe a person: industry, size, location, age and funding stage. They are the usual building blocks of an ICP.
Form D
A notice a company files with the US Securities and Exchange Commission when it raises money under certain private-placement exemptions. It is public on the SEC's EDGAR database, so it can be one way a private raise shows up.
Founder-led sales
Selling done by a company's founders themselves, usually before a dedicated sales team exists. The founder handles prospecting, conversations and closing alongside everything else.
ICP (ideal customer profile)
A description of the kind of company, and often the person, that gets the most value from your product. It is set by traits such as industry, size, location and the problem you solve, and it decides who you contact and who you skip.
Intent data
Information about online behaviour that suggests a company or person is researching a purchase, such as which topics they read or search for. It is usually collected by third-party providers and is different from public events such as filings.
Job-post signal
A company's job ad read as a clue to what it is about to spend on. A new head of data role, for example, can suggest investment in data tooling.
Lead
A company, or a person at one, that may be worth contacting about a sale. In Outrun, a lead is a company plus its named contact or contacts.
Lead enrichment
Adding missing details to a lead record, such as a work email, job title or company size, from other sources.
SH01 (return of allotment of shares)
The form a UK company files with Companies House when it issues new shares. Because a funding round usually involves new shares, an SH01 can be a sign that one has happened.
Signal-based prospecting
Choosing who to contact by looking for events that give you a reason to write now, instead of working down a static list.
Trigger event
A change at a company, such as a funding round, a new hire or a move into a new market, that gives you a reason to contact it. Often used interchangeably with buying signal.
Why-now line
The sentence in a message that says why you are writing today, usually naming the event that prompted it.
Related reading
Buying signals: what they are and how to use one
Six types of buying signal, and how to turn one into a sensible first line.
Read itWhat are buying signals? A founder's guide
What buying signals are, the main types, and how a founder can act on them.
Read itHow to define your ICP in 15 minutes (template)
A one-page ICP template for B2B founders, with a worked example and common mistakes.
Read itHow to write a "why now" line that gets replies
A formula, examples by signal, and the mistakes that sink cold emails.
Read itSignal-based vs list-based prospecting: which wins?
What each approach is good and bad at, side by side, for a founder with limited hours.
Read itHiring signals: using job posts to time outbound
How to read job posts as buying signals, who to contact, and how to write the first message.
Read itCompanies House for sales: UK data founders ignore
Using directors, SH01 share allotments and incorporations as buying signals.
Read itHow to find companies that just raised funding
Where funding rounds show up, how to check them against your ICP, and what to write.
Read it
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