Are you LinkedIn, or LinkedOut?
January 14th, 2010 by Bryan CzajkowskiMost of you tech savvy business people out there have had a LinkedIn account for years, but have you been truly using it to increase your business opportunities?
LinkedIn is the world’s largest professional online network with more than 45 million users representing 150 industries, and in case you’re wondering, the company itself is valued around $1 billion. Since September 2008, when the economic crisis hit, it has seen a 25% increase in the rate of sign-ups as concerned professionals look to keep their contacts up to date. That equates to approximately 1 million new users every two weeks. In terms of activity by those users, in the last two months there has been a 15% increase in the issuing of invitations to get people to join business networking circles and there has also been a 14% increase in the amount of recommendations made by users endorsing another member of LinkedIn.
The explosion of LinkedIn usage brings to mind the age old question of Quantity versus Quality. Would you prefer to have 500 good contacts, or would you rather have 50 great contacts? The former may inflate your network statistics, but the latter may inflate your sales statistics. We can’t all be like Ron Bates, but do we want to be?
Who is Ron Bates you ask? With 44,000 direct contacts on LinkedIn, Ron has been referred to as “the most connected man on Earth.” In fact, I just tried to connect with Ron last night. I haven’t been accepted yet, but I did it for fun and I don’t expect any business to come from it. To effectively use LinkedIn to promote and grow your business you don’t need a ton of contacts, you just need a handful of great contacts that are in need of the services that your company offers and are interested in working with you or know others who would be.
If you’re hoping to reap the benefits of a LinkedIn account, you need to commit to actively using it on a consistent basis. At the very least you should look at your profile every day to see to see who your contacts are networking with, and if there are more “People You May Know” listed in your profile. Remember, your contacts’ new contacts are now in your network, and the groups they have joined may be of interest to you.
The bottom-line with LinkedIn is that people would much rather work with people who their friends and colleagues know and trust. To truly realize a return on the investment of time required by LinkedIn you need to increase your number of viable connections and thus increase your chances of getting more business. In order to make your profile more appealing you need to nurture it by being committed to completing at least one or two LinkedIn tasks every single day. Make a connection, join a group, or just enhance your profile. Be sure to track the traffic to your website and what percentage of it comes from LinkedIn.
There are many ways to establish sustainable relationships through LinkedIn. Find out how to put the power of LinkedIn to work for your business by downloading part one and two of our three part series.






I’m about halfway through the book