Why are you on LinkedIn?

 

If you haven’t stopped to ask yourself this question, how do you know what actions you should be taking?  You have to have a defined purpose to take decisive action.

Most people join LinkedIn because either they heard or read about this site that could help them network more effectively.  Most people initially join for the networking component.  A recent question in Answers asked “Why are you on LinkedIn?”  The majority of responses related to meeting new people, connecting to former friends, coworkers, etc.  Few people actually answered “to grow my business”.

It’s almost as if there is this underlying perspective that trying to use LinkedIn to make money is a bad thing.  It’s not.  Social networking is about making friends.  Business networking is about making friends that lead to making money.  I didn’t join my local Chamber of Commerce because I thought the people were really nice (they are).  I wanted to meet some great people and develop relationships that lead to new business.

If you want to find success on LinkedIn you need to shout out loud “I’m on LinkedIn to make money”.  “Show me the money!”  Yell Jerry McGuire style.

Because here’s the point; if you can’t make money on LinkedIn why are you here?  You can join Facebook and some other social networking sites that do a better job of letting you interact with your network.  They have better tools and widgets.

LinkedIn currently has over 41 million members and the majority of people are not really that active.  Coincidentally the majority of people are not making money from being on LinkedIn.  If they were, they would be more active.  People tend to put their time and efforts to where they expect to find success.

Most people get the social component of LinkedIn which is connecting to others.  Where there is some work to do is figuring out how to go from connecting to collecting (as in new client’s or dollars).  This requires some work, some consistency, and some time.

You need to first build your foundation and then move on to strategically using LinkedIn.

The fastest way to build your foundation is to tap into the resources provided by others sharing their thoughts and expertise.  This blog is one of several that share valuable information for free.  You also should consider investing in learning LinkedIn by purchasing one or more of the LinkedIn “How to” books available.

When I first got serious about learning how to use LinkedIn I bought a book about it.  This one book allowed me to tap into the knowledge and experience of the author.  What I learned I could have learned on my own, but it would have taken time.

The book I purchased was $19.99.  At the time based on my income and a 40 hour week I determined that each hour of my time was worth $50.  That book cost me the equivalent of 24 minutes worth of work.

If I tried to learn everything in the book on my own it would have likely taken me at least 25 hours if not more.  These 25 hours represented $1,250 at $50 per hour.  $20 or $1,250 in time, the decision was easy.

Once your foundation is built, you can begin to focus on using LinkedIn more strategically.  It’s a step by step process and your profile and credibility will play an important part in the success of your strategic efforts.

So going back to the beginning, “Why are you on LinkedIn?”

 

**If you would like more information on building your LinkedIn foundation the LinkedIn MBA ($1.97) and the LinkedIn MBA Workbook ($7.97) are excellent resources.

If you’re ready to take the next step and to start using LinkedIn strategically the LinkedIn Marketing Secret Formula is the first LinkedIn book to focus exclusively on how to communicate your message to tens of thousands of LinkedIn members. (Priced at $39.97 the 40% Blog Reader Discount – $23.98 – will end tomorrow.  Use Discount Code: x40sbsbr in the shopping cart)

5 Key Benefits to LinkedIn Groups

 

Groups are the hottest thing to hit LinkedIn in the last six months.  Sure they’ve been around longer than that, but without any functionality they were a shell of a feature.  Updates that allowed member to communicate through discussion posts and news articles have changed their relevance.

Something as simple as a functional group directory made it possible to find groups to meet specific purposes.  If you live in Georgia and want to join a group with other Georgia Residents you can search on Georgia and find a group such as Linked Georgia.  If you’re self-employed in Atlanta a quick search find the Self Employed Atlanta group.

There have also been some goodies added for Group owners.  You can now send a weekly announcement to the group.  You can configure automatic email responses to group inquiries to join, a welcome message to new members, and messages to those you decline or block from future requests to join.

Groups are becoming a powerful tool in using LinkedIn effectively.   Here are 5 Key Benefits to LinkedIn Groups

1.  Groups expand your Reach
You might have 500 people in your direct network (first degree connections) but join the top 50 groups on LinkedIn and you’ll have a group reach of close to two million members.  I live in Georgia and the top 50 groups have over 40,000 members.

You likely can’t join the top 50 groups on LinkedIn or in a state…there are requirement’s that you might not meet.  Doesn’t matter because you want to make sure you join the top 50 groups that are relevant to you.

I have a combination of national and local group that I’ve joined.  The national groups were chosen because of how they might impact Linked Intuition, this blog.  The local Georgia groups were chosen for their relevance to my two insurance companies, Atlanta Health & Like and XL Benefits.

Nationally my reach is about 525,000; locally it’s about 20,000.  That’s more than the 650 direct connections that I have.

2.  Groups allow you to communicate
If I want to talk with other insurance professionals I can post discussion questions or statement on my two insurance related groups.  If I have thoughts or questions about online marketing I can tap my marketing related groups.  Each group is based on a common factor and that allows you to target your communication to an appropriate group.

The news articles section allows you to share relevant information with fellow group members.  It’s a great way to provide value and to drive traffic.

Over the last 3 months my blog traffic has grown from 2,200 visitors in March to over 20,000 in May (based on the results in June, visits are on track to exceed 40,000).  LinkedIn groups have been a large part of the growth.

3.  Customized Group Views allow you to parse information
Under the member tab of each group there is an advanced search function.  On that page you can choose to view a basic or expanded view of the members.  There’s a third option currently available that I love:  Create a New View.

When you create your view you can choose what information is displayed about each member with the search results.  I’m not going to list the options; you should play with the feature to see what’s available and how it is relevant. (a word of caution – this option is designated as a Premium feature and will only be available to Free Account holders for an undefined duration.  Just be aware that it will disappear one day.)

Here’s an example of how I am using the feature.  I have some groups that I am trying to grow.  Some of the other groups that I belong to have members that would benefit from joining my groups, they just may not be aware of my groups.  I could post a group announcement in the other groups that might be seen (you also want to make sure that it is OK with the other group owners to do so).  Or I can notify the people directly about the group.

I just need to know who in the other groups do not belong to my groups.  Creating a custom view allows me to do this.  Here’s how:

~Go to Advanced Search under the Members tab in a group

~Click on the View drop down and choose Create New View…a pop up with options appears

~Click on the check boxes for  Groups, Location, and In Common

~Name the View and save it

Now when you search the group it will display the member’s name, there location (if that matters), usually up to 4 groups, and a hypertext link to the number of groups in common.  Click on the Groups in Common link and it will show you all of your common groups.  You’ll know whether or not the person is a member of your group

If not you can now send them a notice of an additional group they might be interested in.  I try to send out about 50 to 100 notices a week and my groups have been growing.

4.  Groups can help you expand your connections
Remember groups are made up of people that you have something in common with.  The North Fulton Business Group is a local Georgia group of people networking in and around Atlanta.  These are people that it makes sense for me to be connected to.  I can simply go through the membership list to find people that I want to connect to.

There is a formula that I use in sending connection invitations within groups:

1. Introduce myself as a fellow group member

2. State that the purpose of the group is to network, so in that spirit I am extending an invitation to connect

3. Add a value statement…how I can help them

4. Include my full name

When you send an invitation you have several factors working in your favor.

1. People are open to connecting when there is common ground

2. People are looking to build their own networks

3. Membership in the same Group and having common connections establishes a baseline of credibility

4. By writing a LinkedIn blog and offering to help them I’m providing value.

You just need to identify the value you bring to the table and offer to help others.

Be careful because there are some who might be offended that someone they don’t personally know would try to connect to them and they hit the “I Don’t Know this Person” button.

I’ve seen a lot of invitations that add a message at the bottom saying “If you choose to not accept this invitation please Archive the email instead of choosing the “I Don’t Know” response.  This will hopefully prevent someone that doesn’t understand the effects of clicking the “I Don’t Know” button, but there will still be some that do.

If enough people choose the “I Don’t Know” button you may find your account restricted or suspended.  Send out invitations in small amounts and track the responses you are receiving.  **Personalizing your email will make a difference in your responses.

5.  Group Ownership is a Great Way to Create Your Community
The value in creating a group is that if the group grows large enough you increase your exposure to other LinkedIn members.  The more value your group provides the more likely you are to receive positive benefits from starting and managing the group.

If you choose to start a group, first look to see if there are any similar groups in existence.  Competing groups could impact your ability to grow the group and you might be better served by simply joining the existing group

As the owner of the Group you have the additional ability to designate discussion posts as a Featured Post which keeps them at the top of the discussion board, approve and remove members, and send out a weekly announcement.  Group owners often can influence the direction of a group since they are seen as the group leader by members.

You can be a manger or an owner of up to 10 groups.  Starting a group is easy.  You simply create a name, create a large and small group logo, and write a description of the purpose of the group.  The hardest part of starting a group is growing the membership.  Groups rarely grow on their own until they reach at least 100 members.  There are 1,000’s of groups on LinkedIn with less than 5 members.

Make sure the group will be of interest to a significant number of people.  A group such as a BNI networking chapter may only be able to add 20 to 30 members based on the chapters size, where a group for all BNI groups would have the ability to grow tremendously.

The final part of the puzzle is to invite a large number of people, at least 150 to 200, to join the group.  This is where having a large direct network will help you grow your group.  Not everyone will join and your goal should be to at least add 100 members.

I recently experimented with advertising one of my groups, Linked Georgia, on LinkedIn.  I decided I would commit $150 to promoting the group on LinkedIn.  On the positive side in one week I added over 100 people to the group.  The negative was that each new person cost $1.37 to add.

Financially it’s not sustainable to continue adding members at this cost and I’m not sure I would recommend this approach.  But if each of those people results in 10 others joining the group it could be huge.  I think growing this group is important to the members and to me personally.  I’m willing to invest the time and some money to help it reach the group goal of 10% of Georgia residents (which is about 100,000 people)

There are currently 41 million people on LinkedIn and 300,000 groups.  Doing the math, that’s 136 members per group.  With a limit of 50 groups per month you’re competing with other groups for members.  The time to grow your group is now.

Wrap Up
That’s it for today’s discussion of groups.  Groups have changed how people interact and find value on LinkedIn.  If you do not belong to 50 groups, do so.  If you’re not interacting with your groups through the discussion board and news boards you’re leaving clubs in your bag.  If you’re a group owner and you’re not actively promoting your groups you may find you get left behind.

What do you think?  Did I miss anything significant?

**If you are still trying to figure out LinkedIn, the LinkedIn MBA will help you build a solid foundation on LinkedIn and prepare you to start using it strategically.

For those ready for the next step the LinkedIn Marketing Secret Formula will do that.  The 40% discount is available through Monday June 8th.  Use discount code:  x40sbsbr in the shopping cart.

Both books are available at www.linkedintuition.com/book.html.

 

The Ultimate LinkedIn Guide

90% of the users on LinkedIn are still trying to figure it out.  Many of these people won’t take the time required to develop a solid foundation.  My new eBook, “The LinkedIn MBA” is available based on the price you set.

linkedmba small The Ultimate LinkedIn GuideThis is the book I wrote to explain to friends the purpose and use of each page and link on LinkedIn.  I like to say its “Painstakingly Detailed”.  If you have laser focus, read it cover to cover.  If you’re like me, periodically focus challenged, you may be better of using it as a reference guide.

If you have a question about Answers, read the Answers chapter.  Need to know something about Account Settings, read the Account Settings chapter.  The book’s chapter structure is based on the navigational structure of LinkedIn.  No appendix needed.

It’s the guide that I wished I had in June of 2006, 2007, and 2008.  For those of you still trying to get up to speed this book is for you.

There is also a number of people who are on LinkedIn that have not been able to take that next step to making LinkedIn a productive tool.  How do you go from connecting to monetization?  It’s not a short step.

It takes a strategy which has been the missing link in just about every LinkedIn book.  There are some folks who have connected into opportunities, reconnected into opportunities, and found business, but it’s been hit or miss.

LI marketing secret formula small The Ultimate LinkedIn GuideThe LinkedIn Marketing Secret Formula” seeks to change the dynamic by laying out a strategy that you can use on a daily basis to communicate your message to tens of thousands of LinkedIn members.  It shows you how to get under the sales radar.  You’ll learn how to conduct ongoing marketing activities to drive activity.

Some people will argue that there’s no place on LinkedIn for sales or marketing.  I agree and disagree.  There’s no place for up front direct sales pitches and SPAM.  There is a place for using the available LinkedIn tools to provide value and communicate your message indirectly.

Some stress that it’s a networking tool not a lead generation tool.  My response is that I like my connections but I love my new client’s.  It should be both.

While typing this post I received two calls from people needing help with their health insurance.  One was from a Chamber friend (offline networking is still important) passing on a referral; the other was from someone who I have never spoken to before.  Because of the strategies detailed in the “LinkedIn Marketing Secret Formula” I was top of mind when she had a health insurance need.

If you’re still trying to understand LinkedIn and the available features download a copy of “The LinkedIn MBA”.

If you’re ready to take the next step and learn how to strategically use LinkedIn to grow your business get a copy of the “LinkedIn Marketing Secret Formula“.  The book is regularly $39.95 but for the next seven days I am offering a 40% discount, so the end price is $23.97.  To get the discount use the following Discount code:  x40sbsbr

I also detail in the book how I used LinkedIn to drive traffic to my blog growing from 2,200 visits in March to over 20,000 in May.

For those of you who have read the Linked Intuition blog over the last 17 months, thank you.  It has been my pleasure to be part of your LinkedIn experience.

5 LinkedIn Tricks You May Not Know

Most people are familiar with the basic features of LinkedIn such as connecting, groups, answers, applications, etc. There are some cool features that often get missed by the average user.  Here we look at five under-utilized tricks you may not be familiar with.

One of the benefits of writing a book (in my case two books which will be released on June 1st) is that you reacquaint yourself with some features that are not always top of mind.  These five feature won’t make or break your LinkedIn experience but they are useful.  Drum roll please…

Add a You Tube Video to Your Profile

You can do this with either Slideshare or Google Presentation.  My perspective was that Google Presentation was a little faster, but you should try both to see what works for you.

Here is how you would add a video using Google Presentation:

  • Add the Google Presentation application
  • Go into Google Docs and create a new presentation
  • Click on Insert (top link) and click on Video
  • Search for your video on YouTube and choose your video
  • Click on File (top link) and choose Rename – rename your presentation
  • Go back into Google Presentation from your Profile
  • Click on your video and Post to Profile

When the slide show is clicked the video will play. [Read more...]

Wednesday LinkedOut Comic 12: Spare a Few Connections?

12 linkedin spare connections Wednesday LinkedOut Comic 12: Spare a Few Connections?The concept to this comic just popped into my head one day and here I am months later trying to see how I can use it to make a point or share some wisdom.

Reading it now I liken the economically disadvantaged (want to be Politically correct in this day and age) person’s request to sending out an invitation using the canned LinkedIn invitation template.

“I’d like to add you to my professional network on LinkedIn.”

–Your name

If you use the above invitation to connect with another member you will be making a mistake 99.9% of the time.  The only wiggle room might be if you know the person extremely well and they would connect regardless of what the invitation says.

I even customize these.  My invitation to a good friend might say “I can’t believe that you haven’t had the sense of mind to connect to me yet.  Once again I have to clean up your mistakes.  You can hit the Accept button now”.

Of course knowing some of my friends they immediately hit the IDK button.

The canned invitation is simple.  It’s fast.  It’s convenient.  It’s against the laws of the universe.  LinkedIn should replace the copy with “Type your invitation message here”.  That’s what I think.

All that from a simple comic.  What do you think?

13 LinkedIn Action Steps

 

In writing this blog I’ve discovered one of the secrets of blogging…People love lists.  So here we go with another list showing 13 Action Steps you can take on LinkedIn.  This is likely one of the last lists for a while so I hope you enjoy it and it provides some value.

1. Optimize Your Profile

When most people hear the word optimize they think of optimizing a website to be found in more relevant web searches.  This is much the same thing.  You want to optimize your profile so that you increase your chances of being found, and once found, are found credible.  You want a “Sticky Profile”.

You want to make sure that your profile is detailed with as much information so that your viewer isn’t left to wonder and fill in the gaps.  Your Photo, summary, past work experience are important.  Add applications to share information via presentations, white papers, or video.

The keywords you use in your profile will help you be found in more relevant earches based on your industry, product, or service.  Use a keyword search tool to see what terms people are searching and then populate your profile with these words.

Finally, your Title/Tag line could have an impact on your ability to consistently communicate your message.  I would recommend using the Tag Line to create a message.   You can use up to 140 characters.

2. Build Credibility

Without credibility you may be well known and well liked, but you won’t be in business long.  On LinkedIn if you want to develop potential opportunities you will have to be judged credible.  Credibility is built on how you interact, the information you share, and what other’s say about you.

You can take control by presenting a detailed profile, participating in Answers, securing recommendations, and providing value to your networks.  A blog is a great way to build awareness and build credibility.  My success on LinkedIn has in a large part been supported by my blog.

3. Grow Your Connections

The more connections you have the more likely you are to encounter “Unexpected Opportunities”.  There are those who argue that a large network, with people you don’t know or don’t know well, will have a negative effect.  While I respect that they can choose how they want to utilize LinkedIn, I couldn’t disagree more.  I’ve experienced the difference in opportunities that occurred after I switched to a more open networking philosophy.

If you’ve been limiting your connections and have not found more success, maybe it’s time to open things up. [Read more...]

Do You Know This Person?

bdb person Do You Know This Person?I have 3 active groups on LinkedIn.  Two require me to approve members and the third automatically accepts members…that is until today.

I received a request from a person, B2B Discounts and Networking, to join my North Fulton Business Group.  This is something that I’m starting to see more and more of on LinkedIn.  Most of these have 0 connections.

On many social applications you can choose to have your presence based on your company name  or your real name.  LinkedIn is different.  LinkedIn is about business professionals connecting to other business professionals.  You’re interacting with people, not brands or companies.

Whoever is behind this profile just doesn’t get it.  There is an unwritten rule on LinkedIn that you are up front in how you present your self and that you don’t conduct direct marketing to fellow connections or group members.

That doesn’t mean you can’t market your self, your business, or your products.  It just means that in most cases you need to do it indirectly.

The number one way to market yourself on LinkedIn is by providing value.  Value might be a presentation or white paper, it might be a great answer to someone else’s question, it might be introducing two connections, or it might be sharing an interesting news article.

One place you can be a little more direct is with your status update.  I like to post mini success stories …”Sean just saved a client $xxx.xx on their health insurance”.  Or maybe “Sean is working on quotes for people that got a Health Insurance rate increase in May”.

The one thing you have an opportunity to do on LinkedIn is to communicate.  You may prefer to be more direct but you have to play by the house rules.

B2B doesn’t get it.  LinkedIn is about people not companies.  Sure you can look up a company but the most important piece on the company page is the people listed, and how you are connected to them.  If this person wants my business they are going to have to connect to me on a personal level.

Before someone will choose to work with you or buy your product there is a hierarchy of familiarity that must be satisfied:

1.  They have to know you – I know nothing about who B2B is

2.  They have to Like You – My current perception isn’t positive

3.  They have to Trust You – There’s not a person here to trust

This is about marketing plain and simple and that’s not what LinkedIn or social media is about.  It’s about giving to others and hopefully down the road you’ll gain.  If everyone is focusing on giving eventually you can’t help but to be on the receiving end.

I like that when I connect with someone I can see who they are and then choose whether or not I want to learn more by visiting their website or reviewing information they share through applications.  I would hate to see LinkedIn become more about companies than people.

What do you think?

9 Ways to Enhance Your LinkedIn Profile

enhance answers 9 Ways to Enhance Your LinkedIn ProfileYour goal on LinkedIn is to first “be found”, and second “be found credible”.  With that in mind, you want to do everything possible to enhance your profile.  This includes the content you place on your profile page and the ways that people find your profile.

Here are 9 ways to create an effective profile moving from the top of the profile page to the bottom.  These simple changes can make a difference in the effectiveness of your profile.

1. Replace your Title with a Tag Line

At the top of the profile page just under the member name most people include their title…project manager, insurance agent, president.  While I guess your title says something about you it likely doesn’t say anything about how you can help others.

My job is to help people find the best health insurance plan for them in terms of coverage and price.  It’s what I do that provides value.  My title is Insurance Broker.  It’s what I am but doesn’t necessarily catch anyone’s attention.   Each time I answer a questions, post a discussion question, or add a news article in a group a mini profile is displayed including usually my name and title/tag line.

Let’s take a look at using a title verses using a tag line.  Which is more likely to be noticed:

Sean Nelson
Insurance Broker

Or

Sean Nelson
Helping individuals and small businesses in Atlanta save up to 60% on their health insurance and employee benefits

Using a tag line is a great way to communicate a quick message to anyone viewing your profile.

2. Personalize Your Web URL’s

If you look at many profiles you will see that many people add a link to their website to their profile.  Most often you see this listed as My Company, My Website,  or My Blog.  You want to make sure if you list your websites that you personalize the name

To personalize your web URL’s click on the [ Edit ] link next to your websites.  On the drop down box for type of link there is an option for “Other”.  Choose this option and you will be able to add a customized name for each link.

3. Personalize your LinkedIn profile URL

The first thing to do is to update your profile URL.  The default URL consists of random numbers and letters.  Change this so that it incorporates your name.  There are many people with the same name so you may find that your name is not available.  Use your middle initial or some other variation. [Read more...]

Some Great LinkedIn Tools

Mondays are my big post day.  I try to post my most relevant post for the week.  If Monday is a good day then the rest of the week is gravy.

This week I was set to post the first Podcast from Linked Intuition, which was to be created on Saturday through my new Podcast show Radio North Fulton.  Unfortunately my cohort Scott Dunn, of Sonar Connects, woke up not feeling well and spent the day on a chicken soup IV.   Hopefully we can reconnect this week and I’ll post it next Monday.

So to keep Monday a good day, today’s topic is LinkedIn related tools and widgets.  You might have heard of some of these.  You might be using some.  But a lot of people are not aware of all of these, so here they are.

Non-LinkedIn Tools

LinkedIn Presence Scoring Tool
Ever wondered how your LinkedIn efforts compare to the average user.  The Linkulator grades your LinkedIn activity on a scale from 0 to 100, and shows you the average score among those who have graded their profile.  The results also include tips on what you can do to improve your score and presence.

Google Alerts to Track Topics
This isn’t a LinkedIn tool but it can be used to track LinkedIn related information.  Set up a Google Alert to track LinkedIn related topics to keep up to date with changes and information about LinkedIn.

Xobni Email Plugin
This Outlook plugin opens a summary window that displays information on each email sender and how you connect to that person.

LinkedIn Tools:

Outlook Toolbar
The Outlook toolbar is an excellent way to have full-time access to your LinkedIn contacts and information even when you are not on the LinkedIn Web site.  The tool integrates your LinkedIn data with Outlook, provider you instant access to en email sender’s profile.

Browser Toolbars (IE & Firefox)
The LinkedIn Browser Toolbar allows you to directly access LinkedIn, it allows you to search from anywhere, and also get the scoop on inside job connections. With easy one-click access to LinkedIn, you can easily see the LinkedIn profiles of everyone sending you Web mail.

Jobs Insider
The Jobs Insider comes with the LinkedIn Browser toolbar.  With it you can see how you connect into a job listing and see how you are connected to the position.  The tool works with Monster, CareerBuilder, HotJobs, Craigslist, SimplyHired, Dice, or Vault

You can request an introduction to the hiring manager, get your resume to the right person, or find out more about the company

LinkedIn Answers & RSS Feeds
Track topics based on keywords and categories in LinkedIn Answers to review and respond to questions posed by other LinkedIn members.  When you look at a category on the right side at the bottom of the Browse box is a text link to “Subscribe to new questions in” whichever category you are currently viewing.

LinkedIn Widgets

Company Insider
Let your users discover how they are connected to companies on your site. You pass a company name and we’ll show how many people the user knows and a few sample names. This widget works great for news sites and blogs, letting readers connect to people at companies you mention. It also works well on jobs sites where job seekers can see who they know at hiring companies. Use it anywhere to inject professional networking into your site.

Profile
Show LinkedIn profiles on your blog, website, or application. The Profile widget shows the public profile of anyone in LinkedIn. Use it to show your own profile on your blog or website. Or use it in your business application to show profiles of people. The Profile widget takes a Public Profile URL and shows the public profile for that person. Your users can then click through to see the full LinkedIn profile page, including how they may be related and communication options.

Share on LinkedIn
Add a Share on LinkedIn link to your website or blog allowing your users to share your content with their LinkedIn connections or networks. This gives your content legs: one user visits your site and can notify literally tens, hundreds, or thousands of others. Works great for news sites, blogs, and other content rich sites.

I would also consider the various LinkedIn applications tools as well.  Down the road I’ll add a post reviewing these but for now you can access them from the LinkedIn site.

Which tools have you found useful?  And what are some LinkedIn tools that I missed that you think everyone should know about?

The Fallacy of Protecting Your Network

There are two sides to every story, and in LinkedIn’s case three.  There’s the Lion, the Turtle and the Hound Dog.  In Jeff Foxworthy’s linguistics:

~You might be a Lion if you check your LinkedIn inbox every 5 minutes to see who has accepted your invitation.

~You might be a Turtle if you can name every person in your network on the spot.

~You might be a Hound Dog if you’re just happy to be here.

The LION is what you call an open networker.  The Turtle and the Hound Dog to some extent limit their connections.

The most common reason people give when they explain why they are not an open networker is that they want to protect the value of their network.  This used to make sense to me, but not any longer.  Once I actually stopped to think about networks and value a question popped into my head – “How do I know whether or not someone in my network could benefit from a connection that I do not personally know”.

It’s amazing that it took me so long to get it because the event that caused me to realize that LinkedIn could generate opportunity was a connection invitation from someone I did not know.  This person contacted me to help some of her client’s with their health insurance needs.  This was an opportunity that came from someone I did not know and was not connected to.

I had been on Linked for a year and a half at this point but only had 19 connections and maybe looked at the site once a month.  As I started learning more I simply adopted the view I saw others write about “if you want a valuable network you have to protect it by only connecting to those you know”.

I held onto the “protecting my network” belief for another year.  I now think about all of the opportunity that I missed out on – to help myself and help others.

Calculating Your Network’s Value
Let’s talk about network value.  Suppose my network is made up of only 100 people that I know fairly well.  If I assign a value of 10 to each connection that I know, my network’s value would be 1,000.

Let’s also assign a value of 1 to any connection that I do not know.  If I were to add 900 connections to my network that I do not know the value of these new 900 at 1 point each would be 900.   My expanded network would have a value of 1,900.  Almost twice as valuable as before.

Notice that the value of the original 100 hasn’t changed.  They haven’t been devalued because I surrounded them with the unknown 900.  I simply now have 100 people that I know well and 900 that I don’t know well.  The only change is that the value of my network has nearly doubled, and I’ve increased the chance that I will encounter unexpected opportunities.

The phallacy of the “protecting my network” argument is that for each unknown person you connect to, your known connections become less valuable.  The reality is that these 100 well known connections have not changed simply because they are surrounded by the 900 unknown connections.  You still have the same relationship.

Think about this.  Does the value of your local Chamber of Commerce increase or decrease as new members that you do not know join?  It goes up because each new member is an increased opportunity to interact with someone you do not know.  The value increases not just for you but for every other Chamber member.  Your LinkedIn network is simply your personal Chamber of Commerce.

Exposing Your Network to Unknowns
I’ve also heard the thought expressed that if you connect to others you don’t know, they will be able to see your connections and potentially wreck havoc.  It’s true that the unknown person can now see your connections (if you allow your connections to view your direct network).  Sort of like when you have coffee with someone you know at Starbucks and everyone else can see that you know the person you’re meeting with.  Red alert!  Red alert!

When you add someone to your network your direct connections become their 2nd degree connections.  What ways do they have to cause harm?  They can ask you for an introduction.  They can contact the person directly by finding the phone number on a website.  Am I missing anything else significant?

So how is not connecting to a person you don’t know protecting them?  How do you know they want to be “protected”?  Have you polled your network?

To Each Their Own
There are a lot of people who get angry when discussing “Open Networkers” and I don’t get it.   Who cares if someone else on LinkedIn chooses to connect to anyone?  It doesn’t directly impact you when others choose to expand there network.

If you want to connect with every other LinkedIn member do it.  If you only want to connect to 100 people do it. Nobody should care, because the choice you make should be based on your LinkedIn strategy.  They should have their own.

That’s what I think.  You might have a different opinion.  My only suggestion is that you think it through before deciding.  For a long time I used someone else’s strategy because I didn’t take the time to develop my own. Since taking ownership of my strategy I’ve found more opportunity in the last six months than the previous 2 1/2 years.

Whether you agree or disagree everyone will benefit from you sharing your opinion.  Join the conversation.