LinkedIn is a Prospecting Goldmine
LinkedIn is a gold mine of prospect information for sales and outreach, but the platform is so vast, it can be hard to know where to begin. It can also be daunting if you prefer a low-key approach and don’t want to be seen as aggressive or “salesy.”
If you’re hesitant to jump in, remember – Linkedin is a professional network, and people are there to make connections and create relationships. Part of creating professional relationships is inbound sales, so users definitely expect – or even want – to be approached. In fact, “50% of B2B buyers use LinkedIn as a source for making purchase decisions.”
Even so, there are dos and don’ts when it comes to prospecting on LinkedIn. Even though people are anticipating it, you can still annoy them if you don’t do it right – and annoyed prospects are not viable prospects.
Cold Prospecting vs. Value Bombing
Cold prospecting and “value bombing” are two alternate ways of approaching people you don’t personally know on LinkedIn.
Cold prospecting is the modern equivalent of cold calling. It means contacting a person you don’t know to (tastefully) tell them more about your services. It has a bit of a bad reputation, but if you choose the right targets and the right approach, you can still see good results.
Others say the way to go is value bombing – contacting someone you don’t know purely to offer them something of value without expecting anything in return. It establishes trust and familiarity, which can provide a good basis for a professional relationship down the road.
There is no clear consensus on which approach is better, so the best idea is to aim for somewhere in the middle and take advantage of any open doors you find along the way.
Regardless of the approach you take, you should still follow these 13 best practices for prospecting on LinkedIn. Adopt the ones that work best for you, and be sure that when you prospect for new business, you’re on the good side of both your prospective new clients and the platform itself.
Prospecting Best Practices
Polish Your Profile
Before you even think about approaching someone, edit your own profile to make sure that once you do start attracting attention, it will have the desired outcome. Writing in the first person adds authenticity and believability to your profile. Word your bio and other profile messages to clearly explain exactly how your services are likely to help a potential client.
You can do this by thinking about “connecting the dots” when you write – show visitors how the services you offer can lead to the improvements they want in their business. Avoid talking about your skills in a generic way, or they won’t understand how negotiation training, for example, might help them land bigger deals.
Beef Up Your Pulse Portfolio
Consider writing for LinkedIn Pulse, the in-network blogging platform. In addition to adding depth and interest to your profile (articles you’ve written show up there), it can also help establish your professional reputation and expertise, and bring new eyes to your profile without the need for active prospecting.
Think About Going Premium
It’s not an insignificant investment, but upgrading to LinkedIn’s premium tier can be helpful. There are four options to choose from – Career, Business, Sales, and Hiring – and each offers slightly different benefits. People who are serious about prospecting will be most interested in the options that offer improved search features, more InMail messages, and better lead management tools, like Business and Sales.
Pick a Definitive Outreach Method
If you’re serious about using LinkedIn to grow your business, you may want to research a definitive outreach method. These methods are usually connected to a LinkedIn “guru,” and will provide you with a step-by-step prospecting process. It’s essentially “trust hacking,” which theoretically will lead to an easier time capturing leads.
The LINK Method, for example, is a 5-step process popularized by social media expert Melanie Dodaro, while lead generation expert Mirna Bacun sells a LinkedIn profile funnel she claims will help you prospect on autopilot. They’re not for everyone, but there might just be one that clicks with you.
Learn to Use Search More Effectively
Even without the search superpowers of a Premium account, the LinkedIn search function is pretty advanced, and you’d do well to take a few minutes to figure out how to get the most from it. It supports Boolean strings and filters, and using both properly will increase the quality of the results you get.
In your research, you may also come across tools to automate LinkedIn search. Some will spark your interest, but remember that they’re against LinkedIn’s terms of service, so use them at your own risk.
Use Search Alerts
A better option is to use LinkedIn’s search alerts. If you’ve used any other kind of search alert, you’ll be able to set these up quickly. Conduct the search you need (the more specific, the better) and click the “Create search alert” option in the box to the right of the search results. LinkedIn will then send you a digest of any new results for that search on a weekly basis.
Leverage Alumni Search
The LinkedIn alumni search is most useful if you went to a large university. The idea is to find people you don’t know, but with whom you have something in common. Ideally, this will result in “warmer” prospects. Talking with fellow alumni can be a big bonding point for some people, so try searching for prospects this way and use it as a stepping stone to new connections.
Browse the People Who Interact With Your Profile
Once you start your outreach and prospecting activities, you’ll notice an increased number of people looking at your profile. They may not be the people you were thinking of targeting, but there’s a good chance they’ll be a close match. If the viewer is in your target segment, reach out – it can’t hurt.
Make Use of “People Also Viewed”
Always check out the people listed under People Also Viewed to the right of your profile homepage. These people are unlikely to be prospects, but they might be competitors, and, as such, are worth taking a look at to see if they’re leveraging any profile-boosting tricks you might have missed.
Join LinkedIn Groups
Joining LinkedIn Groups isn’t a decision to be made lightly. Some of them are exceedingly hard nuts to crack, and the most active are already full of people trying to do exactly the same thing you want to do. Even so, take a look and you might find one that isn’t oversaturated that you can leverage.
To get the most from Groups, treat them as you would any other forum. Be open, friendly, and offer great advice without the expectation of getting anything in return. Much like contributing to Quora or a Facebook group, the idea is that you build up trust and a reputation for quality; then, when the time comes, you’ll be top-of-mind when group members need something you can provide.
Use LinkedIn InMail Wisely
LinkedIn InMail is (in)famous for providing ample evidence of how not to do outreach. Take heed and make sure that your emails are strategic, polite, and respect accepted InMail etiquette. Among the worst sins are copy-pasting mass emails, going for the sale on the first contact, and confusing LinkedIn with a dating network.
Sync Your LinkedIn With a CRM
Once you’ve found your LinkedIn rhythm, there’s a good chance you’ll see an increased number of warm leads coming from the platform. Make sure to have a system in place to capture and process these leads, rather than letting them fizzle out or disappear.
For many official LinkedIn/CRM syncs, you’ll need a LinkedIn Sales Navigator account, but once you have one, you’ll be able to connect a significant number of systems to the platform. If you don’t have a Premium account, you’ll have to monitor the connection manually, which is hard work but can be done. Either way, it’s more than worth it to ensure your hard work on LinkedIn actively forms part of your new client funnel.
Think About Technological Help
If you’re really focused on getting the most out of LinkedIn, sooner or later you’ll probably consider looking into technological help. There are loads of tools out there designed to expedite various LinkedIn functions.
At the same time, you should also read LinkedIn’s terms of service, as the platform has plenty of rules on the subject. It’s wise not to do anything that goes against these terms, nor is it advisable to automate entire processes, like sending InMails or searching.
Still, there are plenty of smaller tools that LinkedIn doesn’t disapprove of that can help with more specific aspects of prospecting on the platform. These include information scrapers that help put details into a handy database format, add-ons that provide extra information about contacts, and tools that help your InMail messages, rather than doing the job for you.
Your Approach
The overall approach you take to prospecting on LinkedIn will largely be dictated by how much time you have available.
Given that most people have a limited amount of time for outreach, you may want to incorporate your LinkedIn prospecting into your overall outreach and marketing plan. After all, you need to make sure your actions on LinkedIn are as carefully measured and strategized as your other efforts.
Where appropriate, bring other departments into your outreach, as well. If you’re using a centralized CRM or there’s a risk that the sales team is looking at similar prospects, for example, it makes sense to coordinate efforts so individual people or companies don’t feel hounded by inadvertent doubling-up.
Get Started
To get started, evaluate whether or not now is a good time to get a Premium account, while simultaneously polishing your profile and perhaps deciding on a Pulse strategy.
Until you gain confidence with the platform, practice your approaches on people you connect with from other parts of your life, rather than doing active prospecting. Once you’re feeling more comfortable, make a small prospect list and begin to work your way through it, perfecting aspects like searching and InMail as you go.
With a little practice, you should find that it’s relatively simple to set up a routine that adds fresh new prospects to your funnel on a consistent and frequent basis.
Do you prospect on LinkedIn? Do you have any advice for those just starting out? Share in the comments below:
