Linkedin: Tool for New Business

How are you using LinkedIn to generate new business? The social networking site for business is certainly a place where you can reach clients. However many industry professionals are still sorting out how this makes business sense. Have you been asking yourself this question?

What was the “old school” method for networking before social media? There were industry events, cocktail parties, trade shows and other venues where you were face to face with clients. What was the platinum networking opportunity? I believe it was when you were talking with a client who viewed you as a trusted advisor and someone you were pursuing to become a client joined the conversation. When your client started talking about all of the great things you were doing and had done, what was the reaction of the potential client? It was always great to go fishing for new clients at these events, but you often went away like the Disciples who had fished until dawn without success. Using the strength of an existing client to open the door for your next client was always the best outcome you could expect.

The old ways are still the best ways to use LinkedIn. It is really about creating a three-way conversation between you, your client and the universe of potential clients active on LinkedIn. The problem with LinkedIn and other social media outlets is lack of private chat rooms. There is a process that will bring results and it is a three-way conversation. It just doesn’t happen at the same time. In order to get started you need to know your client is active on Linkedin. The next step is to ask the client for a recommendation. While most recommendations are from people you have worked with or for in current or prior positions, the most powerful are those that come from clients. Offer the client some suggestions for what to put in the recommendation. If your company is on Linkedin, your firm should pursue recommendations as well. Think about it this way. When an RFP asks you for reference letters from previous clients, what do you do? I used to send the person a draft of the letter to help him out. Although the client wants to help you, their time is limited. You make it easy for them. The same is true with LinkedIn.

Recommendations are always posted in Linkedin’s weekly updates sent to everyone you are connected with. In addition it will be posted on the update that goes to every one of your client’s connections as well. You can independently post it on the groups you are a member of. How many potential clients will then end up becoming part of this three-way conversation?

Finally, when I first started marketing professional services, my mentor told me to join allied organizations. But, he warned, don’t simply join the organization. Be an active member. He said, “You only get out of the organization what you are willing to put into it." The same is true with social media. You will only get business from it when you are willing to become an active participant.