Hear Gary's Slack take on LinkedIn in an August 2008 presentation he gave to the B-to-B Marketing Committee of the Association of National Advertisers in New York City.
13. The hockey stick will only get steeper
• Now at 24-25 million registered users
– Network efforts are really kicking in
• About 80% U.S. (for now)
• More than 700,000 small-business owners
• Every FORTUNE 500 company represented
– LinkedIn claims C-level registration at every firm
• Adding 200,000-300,000 profiles a week
• 30-35 million expected by end of 2008
• 70 million possible by end of 2009
– Expansion in Europe, eyeing China
• $100 million in annual sales; $1.015 billion valuation
17. Primary uses of LinkedIn
As
As As B-to-B
Business
Individuals Marketers
Marketers
18. Individuals
• Create a highly detailed profile (branding)
• Formalize a network of people you already know
• Connect with people you don’t know (but people in your network do)
• Find and connect with people you’d lost track of
• Join, upon invitation, other people’s networks
• Give/receive recommendations
• Ask and respond to questions (hot new area)
• Research people and companies
• Look for new career opportunities, clients and projects
• Join affinity groups (hot new area)
19. Business marketers
• Contact discovery/database enhancement
• Business development (direct or indirect)
• Advertise to very targeted segments
• Ask business questions (a la MENG) of your network
• Branding and education
• Recruitment
• Join professional groups
• Company Groups (corporate Intranets…coming this fall)
21. Contact discovery: the importance of hubs
• “Flip” Filipowski
• Adds hundreds of names
weekly…sometimes daily
• May have 50,000+
network connections
• Probably responsible for
half of my 5,652,000
network connections
• Amplifier effect is huge
• To do database work,
find or create a “Flip”
22. Business development
Path 1: Connecting Through
An Introduction (unpaid)
Dan Nye, CEO
LinkedIn
Path 1: Connecting Through
InMail (paid)
23. Advertising
Run of Professional
24 Million Professionals
Corporate
Executives
5M members
IT
Professionals
2.8M members
197 inCrowds
Small Business
Professionals
3.3M members
Finance
Professionals
684K members
Sales
Professionals
1.4M members
Entrepreneurs
2M members
13M PVs 35M PVs 60M PVs 7.5M PVs 17M PVs 16M PVs
Custom Audience Segments
Job function Industry Company size Age
Gender #connections DMA Seniority
24. In conclusion
• Fabulous platform, incredible reach and depth
– Simplifies “discovery” of previously hard-to-find info
– Makes the world that much more transparent
– Enough “killer” apps? Not yet
• I’d encourage you to:
– Experiment more with it personally and corporately (we are)
– Invite in the LinkedIn people (Steve Patrizi and Dale Durrett)
• LinkedIn still has a lot to prove
– As an ad medium (will people notice and click?)
– As a recruiting medium (still rudimentary next to CareerBuilder)
– Can engagement be sustained beyond the novelty stage?