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Well, Linkedin for instance has taken care of recruiting among many other specialties
Its certainly not but Cold calling is like emailing, You can never know when is the best time to make a cold call to a potential customer or client but its a risk that has to be taken and performed with a professional manner. Cold calling is very much alive among Recruiters and headhunters because they have to call new candidates almost everyday and sometimes even clients. So you can say Cold Calling is the tip of the sword !