Tag Archives: linkedin

Linkedin – A Great Tool When Used Right

linkedinOne of the most popular business tools in the Web 2.0 world is Linkedin. If you are not on Linkedin yet, I would highly encourage you to get there, set up a profile and start connecting with your network. More and more business networking and connecting are happening using Linkedin, it is a tool that makes it easier to connect your network. Here are several ways that you can effectively use Linkedin to help you save time, support your network, pass referrals, and set yourself apart as an expert.

1. Set up your profile – Make it complete, many people go to profiles to learn more about you and your business, what your experience is, as well as where you went to school, and who you know.

2. Put a professional photo on your profileLinkedin is not a “social” site, it is geared more for business and business people. Make sure that you are putting your best smile forward. If you do not have a professional photo get one!

3. Ask for recommendations – If you have done work for one of your clients or network members ask them if they would consider writing a recommendation for you. Last week I spoke at the BNI National Conference, several people asked me later what they could do for me. I asked each of them, if they had been in my presentation would they please go to my Linkedin Profile and write a recommendation. I asked them to list 2-3 things that they learned and why they would recommend me to others. In the Referrals for Life Program we teach our students how to write good testimonials for one another, a recommendation on Linkedin simply makes that testimonial public.

4. Invite your Network to Link – how many people do you have in your database? How many of them are already on Linkedin? Start connecting to them and invite the ones who are not on the site to join you. When you have your network on the site and you are linked to them it will make it so much easier to pass referrals and make connections between each other. You can make connections for one another on Linkedin. No more going through your CRM finding the information on a contact then emailing it. You can simply make connections on the Linkedin site.

5. Answer Questions – find questions that you can answer that will help you be seen as an expert. Because of a question that I answered on Linkedin, I was ask to speak on a conference call to a group of Female CEO’s. Find the questions on topics that you are expert in and answer them well. You can also use these same questions in your blog and newsletters.

Last week, one person in my network, connected me to someone in his network who had ask him if he would make the connection. After some conversation he ask me if I would consider speaking at the regional conference for his organization. I then connected him to someone that he saw in my network whom he thought would be good for a future speaking engagement.

Of all the sites that I am on, Linkedin is the one that makes it easy to connect my networks and help them to connect to one another, it is a perfect tool when you are in the Referrals for Life Program. Remember Linkedin is a tool that enhances, not replace your face to face networking.

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5 Questions to Ask Yourself About Social Networking

Social NetworkingLinkedin, Twitter, FastPitch, BizNik,  Ecademy, Plaxo, HiveLive, Facebook, MySpace, and any of the 500 different sites online are all available to you if you choose to network online. However, how many and which ones should you belong to?

I am often asked  if I am able to track back any income from the social networking sites that I am on.  I am certain that I have indeed generated exposure and branding and I have been able to generate referrals for others in my network because of my membership.  I can track income because I have booked 2 speaking engagements via the sites.  and a couple of new coaching clients.  That being said, does the income match the time spent.

I do know that I easily spend at least ten minutes per day six days per week on the site for a total of one hour weekly.  At my current billing rate that is $125 per week multiplied by 52 weeks for a total of $6500. On average most people belong to 5 social networking sites, doing the same math above for all 5 sites I would spend a total of $32,500 per year on my social networking site.

Therefore, the question is how much is too much.  It really depends on what results you are trying to achieve in your activities.  I recently had a man who paints homes ask me if he should be on all of these sites promoting his business. If he were going to join one or two sites, which ones should he choose?   Here are the five tips that I gave to him.

1.  Find a local networking site, for instance, I am on Smaller Indiana. This would allow him to promote his business to people who might be willing to hire him.  Smaller Indiana is predominately people in Indiana who are in a variety of businesses.  Not for Profits, Professional Services, Business Owners, and Employees of companies are all members of this site.  The key is, they are local, so I can sit down and have a cup of coffee with anyone of them at any time and build a stronger relationship.

2.  Find an online networking group that has people with common interest.  Ning has a variety of these kinds of networks.   On Linkedin I belong to a Group that is made up of other BNI Directors.  We are able to share information, help one another and arrange to meet with each other at conferences.  I may or may not generate new business from this site, but I am able to build stronger relationships with those who are members because we have a common interest.

3.  Know why you want to join the group. Is it for information, connections, to sell your product or services, to develop your expertise or just to socialize?   I am a member of Ecademy.  This is the only group where I actually spend money to be a member.  Ecademy has a very international flavor and I want to make connections with people who can help me land more speaking engagements in the UK.  Last year when I spoke in Bristol, England, I had the opportunity to meet several of the people I had been networking with online.

4.  How much time do you want to spend online?  Online networking takes time just like face to face networking.  If your intention is to be known as an expert, you will have to spend time online blogging, spend time in discussions and commenting on other blogs.  Do the math, even if you are not paying to be on the site, you are paying in valuable time.

5. Free or Fee?  Most sites like Linkedin have a Free and a Premium membership. With the exception of Ecademy I am on the free memberships for all other sites.  Try the 30-day free trial that most sites offer, if you like it and want to get more involved, then you can purchase up.  Ecademy has two different levels that you can purchase; power networker and black star each are vastly different both in price and in access to the network.  I recommend the lowest priced level to start and once you know for sure that you are going to be consistent and use the site, then consider moving up.  Otherwise, it is like joining a gym; you make the payments every month and never go.

Just like face-to-face networking, you can waste a lot of valuable time and money if you do not have a plan and a system to utilize your network.  For me this is Visibility Networking, and some Credibility Networking.  I have been able to connect others in very powerful ways and that goes a long way to building trust with those I have made connections for.

If you are going to jump into this arena, you must have realistic expectations.

A Network or a Mailing List

Excerpted from an email I received on my Linkedin account…………

I have 1,500 connections in my networks first tier. My next milestone is 10,000 connections. One of you asked if I know all my connections in my first tier. I know a lot of them but not all of them.   Last Friday I met a man from the UK who now has 10,000 people in his first tier and 250,000 in the 2nd and 3rd. He knows most people in his 1st tier due to the fact, that he travels the world and visits local networking meetings.

When I read this email, I was amazed that someone would have 10,000 people in their network.  Then I thought about the value of having a network with 10,000 people in it.  Here is my list and I am open to your suggestions.

1.  I could send all of them my email Tip of the Week and because of the numbers I had, I would be able to get some good advertisers on my newsletter.

2.  I could promote my products or services to them.

3.  I could sell them something.

4.  I could ask them for something, like donations to my charity.

5.  I could invite them to participate in passing along a chain letter.

6.  I could ask them for information.

If you look at the list, it is all about me, what value they have to me, not what value I could bring to them.

I guess there are the rare people in the world who really know 10,000 people.  I know that I am not one of them, while I would like to have 10,000 people on my mailing list to send all of my insightful ideas to; I am not sure that I want or need 10,000 people in my Network.

So, ask yourself, when you are out there networking, “What am I trying to build, a mailing list or a solid network of people whom I can add value to?”   A strong network not only helps you build your business, they will add value to your life.