Since purchasing LinkedIn in 2016, Microsoft has made numerous changes to the business platform. What used to be a cluttered, hard-to-navigate interface is now slimmed down and easier to use.
The platform has over 690 million users in over 200 countries and territories; over 30 million companies have profiles. And, it generates serious revenue: In 2019, the platform brought in $6.8 billion in revenue for Microsoft.
One big change LinkedIn made, which considerably helped its revenue model, was discontinuing its API. This meant that CRM applications could no longer pull in subscribers’ personal LinkedIn information – nor their contacts’ feeds or information.
To recreate the same social selling experience, you have to subscribe to LinkedIn’s Premium Sales Navigator tool, which costs $80 a month for a single user.
What follows are the various parts of the LinkedIn ecosystem and how you can use them to build your company’s exposure – as well as generate leads.
Basic account – free
The Basic account is the personal profile where you list your job and education experience and connect with people you know.
Whether or not you use LinkedIn, we recommend you create a professional looking profile complete with a high quality headshot.
The profile headline is the information directly below your name that describes who you are. It’s also what others see when you post new content, comment on posts, etc. Instead of listing your job title, make your headline unique. We especially like Margaret Moore’s headline: “Helping great scientists become great leaders.”
Company page – free
Setting up a company page is easy: upload a header photo and logo, add a tag line and include information on the About tab. You can also add videos, open jobs (fee-based), and live events – a new feature. (You can find it under “Admin Tools”).
When employees list your company on their profiles, they also show up on the People tab of your page.
The company page includes analytics: how many followers your page has, the number of visitors per time period, and content metrics.
Sales Navigator – Monthly fee $80 single / $134 team
To get the most from LinkedIn, you can pay for a Premium subscription. LinkedIn offers four of these plans, but the plan most relevant to manufacturers is Sales Navigator.
We’ll provide a detailed write up at the end of our four month testing period. Suffice to say, it’s quite robust!
LinkedIn for Small Business – Free
This tool helps small businesses establish their brand. We’ve looked through it but haven’t explored it fully. Learn More
LinkedIn Marketing Solutions – Fee-based
Similar to Google, Facebook, etc., LinkedIn offers a way to promote your business through advertising.
LinkedIn Talent Solutions – Fee-based
The platform’s recruiting tool. You can post open jobs which also get listed in Google’s Job Search box.
LinkedIn offers a robust combination of free and for-fee features and tools. What we like about them is their business focus – and how they tie back to Microsoft’s goal of helping you connect with others while building your brand and business.