My thoughts on cold calling is to not do it. I tried it and just found that it annoyed people and I know that it bothers me when I get cold calls when I'm busy.
Also, in Canada we have a new Do Not Call List, not that it's stopped a lot of telemarketers, but I'd probably have to check and see if the potential clients I'd want to call were on the list or not.
Here is a quote from the CRTC's web page about fines for infractions:
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Quote:
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New legislation gives the Canadian Radio-television Telecommunications Commission (CRTC) the power to assign penalties of up to $1,500 per infraction for individuals and $15,000 for corporations that do not follow the National DNCL rules.
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You may not have gotten much response from your email because many messages get caught in spam filers and many people just delete emails from people they don't know - I do it so I think others would too.
You might have more success with setting up a mailing list and doing mailings to your target market. Yes, it will cost money and emails are free, but you stand a better chance of getting your message across.