Minimum budget for cold email to get proper results

Hi everybody! What would be the minimum budget that I should spend on cold email to get proper results out of it? By proper results, I mean at least 4-5 booked meetings/month.

I have around a 1000 bucks, but don't want to spend all of it on it. Also, is there any other outreach channel that would give me better results than cold email for the same budget?

@Jay Feldman

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Minimum budget for cold email to get proper results