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Building badass leads on LinkedIn

(SOCIAL MEDIA NEWS) LinkedIn reported recently that 80 percent of business to business (B2B) leads were through their platform. Here’s how to take advantage.

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You should already have one

Any savvy business owner or entrepreneur knows that having a LinkedIn profile is critical, but how do you utilize your presence in such a manner as to make the connections that will benefit you most?

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Being more strategic about your biz

The new LinkedIn App which was released this year makes it easier to connect to a professional network by streamlining the mobile experience. You still need a strategy to maximize your time and efforts in establishing leads and building relationships for your business through LinkedIn, which now has over 400 million members. LinkedIn reported last year in that 80 percent of business to business (B2B) leads were through their platform, according to an analysis by social media marketing platform Oktopost.

The full guide (strap in, guys!)

The great news is that there are plenty of successful entrepreneurs who share their tips so you don’t have to struggle through trial and error. That’s where influencers such as Crazy Egg and Hello Bar co-founder Neil Patel comes in. He leads readers through a thorough step-by-step guide on Quick Sprout to generate leads from LinkedIn on his blog.

If you are interested in generating B2B needs then will want to read his full article, but here’s a summary of his six step strategy with some of my observations:

Step #1. Optimize your profile for connecting
Patel emphasizes the importance of your first impression, which is can be made through 3 different ways – name and picture, tagline and title, and a message.

Having a professional photo is absolutely critical to show that you are a legitimate and credible person. Selecting a title that targets the specific position you would like to connect to is important if you want someone to check out your full profile.

Step #2. Create your own group
This step was an Eureka moment for me.

Patel states that “You’re going to invite potential leads to join the group you created. You’re going to leverage the group to get more connections and get more leads.” The key is to create a group that will “benefit your potential customers” and if you sell to local businesses, Patel further states that “it’s a good idea to add a location to the name of the group as well.”

A caveat that I would make is to confirm that a similar group does not exist. Also be cautious if using a name that is too narrow of a scope, or is related to a proprietary name both in the private and non-profit sectors.

Step #3. Create your hit list of potential customers
Patel suggests setting a goal of compiling a list of 500 – 1000 potential leads. While that number may seem a bit daunting when a LinkedIn milestone is to have at least 500 connections, Patel reminds us that LinkedIn has over 400 million users.

He suggests using LinkedIn’s built-in search function and to select for title, location, and industry.

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The title is significant in B2B sales as you’re “typically targeting the same level of employee/employer in each company” according to Patel.

While location can be important for some service providers, for web and application development sector this feature may not be as relevant if remote services are acceptable. Based on Patel’s example, a search I ran for “Chief Technology Officer” in six related information technology industries resulted in over 47,000 results. I then fine-tuned to the specific keyword of “Postgres” to determine who had knowledge of this database programming language, which narrowed down to over 200 results. For the purpose of creating a group, these keywords are too refined but this search does provide a starting list that can be put into a spreadsheet.

Step #4. Make initial contact with each member
This step takes the longest – contacting every person on the “hit list” by using the basic connection invitation – and involves refining earlier steps including #1 of creating your profile headline and photo. Incorporating your group that you created will “establish your credibility” in their industry according to Patel, as well as crafting a first impression to will improve your acceptance rate are critical steps. I agree with Patel that making a personal connection by relating and referencing to something from that individual’s profile.

One of the most enlightening points of Patel’s post is on how to send the request effectively. I’ve often struggled with which selection to make, especially if it requires the person’s email address which may have changed from previous contact. Patel recommends selecting the “Friend” option, because “Don’t worry about looking weird to users because you picked the friend option—they will never see it. That information seems to be for LinkedIn only.

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Don’t send too many invites out at once as you could trigger spam alert – monitor your acceptance rate and refine your method.

Patel recommends aiming for a 50% acceptance rate.

Step #5. Continue to engage
To summarize Patel’s recommendations in Part #1 of this step for member engagement:

  • Invite your new connections to your group
  • Be active in your group
  • Post content from tools and industry news – search Google or set alerts
  • Comment, like and share others posts
  • Track who does and doesn’t join your group, and re-invite later once your group is full active

As for making personal connections, Patel emphasizes to “forget about turning them into leads” and instead focus on building a relationship by sending messages through LinkedIn. To avoid coming across too strong, send several messages over a period of 2 – 3 months to a connection before soliciting a sales call. These messages can include a follow-up/thank you for connecting, useful resources, and references to interesting group discussions.

Step #6. Get off LinkedIn
It’s easy to be caught within the spider web of LinkedIn, between the multitude of groups, updates from connections, new posts, and more. Budget your time accordingly, but engage and foster your new and current connections in person when possible. Webinars and phone calls are great options, but if you can schedule some one-to-one time, even better! Take advantage of local networking events and conferences to engage your LinkedIn connections in real life to find real success with your B2B sales.

#LinkedInLeads

Debbie Cerda is a seasoned writer and consultant, running Debra Cerda Consulting as well as handling business development at data-driven app development company, Blue Treble Solutions. She's a proud and active member of Austin Film Critics Association and the American Homebrewers Association, and Outreach Director for science fiction film festival, Other Worlds Austin. She has been very involved in the tech scene in Austin for over 15 years, so whether you meet her at Sundance Film Festival, SXSWi, Austin Women in Technology, or BASHH, she'll have a connection or idea to help you achieve business success. At the very least, she can recommend a film to watch and a great local craft beer to drink.

Social Media

There’s a subreddit that is literally moving the stock market

(SOCIAL MEDIA) “You can’t change the world on Reddit all day.” Hm. Wanna bet? Some people do bet on whether a stock will rise or fall on Reddit.

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I don’t gamble. RIP to Mister Kenny Rogers, but this whole folding, holding, walking, running business is bad for my heart.

So playing the stock market is out for me, but apparently, you don’t even need an accountant to place your bets? The good, if foul mouthed, people of r/WSB aren’t just proving that, their playing and paying outside the traditional trading room is actually moving markets!

The subreddit, full name r/wallstreetbets, is 900,000 users strong, and boasts members that have been involved for years. They show off their stock market wins, losses, jokes, and opinions with varying levels of insight on all contributions.

Ordinarily, this’d just be an interesting collection of folks talking stock, but some of their threads have been shown to have an effect on share prices!

Users don’t just share what and how they’ve traded, they also gamble on what stock prices will do, without actually purchasing or selling any. Options contracts allow users to cast lots for less cash, while retaining the power to show actual purchases as hotter or colder and literally moving the temperature dial on them by word of mouth (and possibly pure conjecture) alone.

So I could hop in, put a marginal amount of money down, and say ‘Stock in Pressure Valve Company X is going to go up since more people are buying bidets in the wake of the Corona-based toilet paper hoarders, and they’re a key component’, then pepper in some off-color jokes about personal hygiene and everyone’s moms to blend in, and potentially wait to collect!

Neat.

After all, not only are surges of humans looking at these bets, web algorithms and cookie crawlers are staring too. It’s chatrooms of the dotcom boom all over again, except more chaotic, more gif-laden, and more monitored by outside forces.

It’d be sinister if the vibe of the sub wasn’t ‘Take literally nothing seriously’. Try discussing ‘chicken tendies’ in a boardroom sometime and see what I mean…although the tide on that might be shifting as well.

The one forbidden thing here is actually using the forum for insider trading. Directly profiting from the rumors gets users exiled, and gets users interacting with them booted too.

Serious business actually DOES occur, who would have thought? I wouldn’t have. Which is why I don’t gamble.

It’s easy to write Reddit off as just an online echo chamber slash cesspool, but when it comes down to it, the American Psychos of the world are on the same internet as the basement-dwellers, and the gap in financial literacy between the two ends of the spectrum is pulling a reverse Pangea.

We need to start recognizing that.

I’m still staying away from 4Chan though.

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Social Media

Facebook messenger gets a major facelift for speed

(SOCIAL MEDIA) Facebook messenger has been around a loooooong time and has started to suffer from build bloat. So the new project lightspeed has redesigned it.

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If you’ve ever spent time in an old-school, family-built home, then you have an idea of what the inner workings of the Facebook Messenger app look like. It began with just a few rooms, but as the needs of the family grew, they kept adding on rooms wherever they fit until the layout no longer made sense and the home became a bloated maze.

Facebook Messenger has been suffering growing pains ever since it branched off into its own app in 2011. As the app became more popular developers worked to make it more engaging by adding new features like stickers, GIFS, and video calls.

At some point, they realized that the app had gotten away from them. The Facebook Messenger currently on your device has move 1.7 million lines of code. An app that big is slow and takes up a ton of valuable space on users devices, so the team knew it was time for a change. The project became internally as Project LightSpeed.

Facebook Messenger is a valuable app for connecting with friends, family, and business connections across the globe. You don’t even need to be Facebook friends with someone to message them making it an invaluable tool for long-distance teams or new business connections. In recent years, the app has begun to slow down making it vulnerable to competitors like WhatsApp.

The development team’s goal for the new app was to make it small, fast, and simple. In order to achieve this Facebook’s team of engineers has reduced the core code by 84%, taking the original 1.7 million lines of code down to 360,000. The new app will be about a quarter of the size of the current app.

A smaller app will load quicker and be more responsive, even if you’re using an older device or you’re in an area with lower connectivity. Current tests put the new app as being twice as fast as the current version, while keeping all the features that users have come to expect. Don’t worry, you will still be able to send your friends stickers, pictures, and obnoxious amounts of GIFs.

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Social Media

Facebook wants to hear from you. Literally. For innocent reasons

(SOCIAL MEDIA) As if Facebook didn’t already own everything that is you, they are asking to hear you say a specific phrase for their new voice services.

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Good news, Facebook is now offering to pay you to let strangers listen to you! Well, kind of.

Users connect to Viewpoints – a different app under the Facebook umbrella – which allows them to participate in market research. In this case, participants repeat the phrase “Hey Portal, call,” followed by the name of a Facebook friend, and submit the recording. The whole ordeal is about five minutes, tops.

By finishing this and other tasks, participants can expect to make a grand total of…$5. It’s not much, but at least that’s a fancy cup of coffee for work you can do while waiting for the ads to finish on your TV show.

So, why is Facebook shelling out $5 for people to make voice recordings? Surprisingly, it’s because AI is not nearly as smart as we sometimes assume – especially when it comes to voice commands. There’s a whole host of things that go into how we communicate, like posture, tone and even slang, which can make understanding vocal commands a much bigger ordeal.

In order to make improvements to the system, it often requires teams of humans putting in the leg-work. This means studying the disconnect between humans and machines, as well as creating solutions. Unfortunately, this human touch is also the excuse companies like Amazon use to justify listening in on your conversations. (Sure, users can ‘opt out’ but come on. That’s not exactly something Amazon advertises.)

As more people grow aware of the potential breach of privacy that tech like Alexa or Portal can bring, however, it’s put pressure on companies to scale back. Which is where Facebook’s new paid survey comes in. Unlike an anonymous employee listening in on a random Portal conversation, this way participants opt in, rather than out, of having their information shared.

The academic in me is slightly skeptical. There’s only so far a paid study like this can get, especially when it comes to the nuances of voice command. The conspiracy theorist in me is also skeptical, mostly because although Facebook promises they won’t sell your information or publicly share it, there’s still plenty of nefarious things to be done. That said, at the end of the day, at least Facebook isn’t just swiping information off your Portal…and you even get some pocket change in exchange.

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