Jen Dalitz
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Dog Farm Stays


7 steps to making money from LinkedIn (and other social media) and MAX your return on investment

Friday, May 04, 2012

There’s a lot of talk about social media and how we all need to be “connected” for business as well as pleasure, but when I’m asked what I recommend in terms of social media strategy my response is always the same: what is your expected return on investment?  That will then drive the level of activity and the platform(s) you choose.  For me, my goal is to make $10,000 per month in consulting and speaking business via social networking sites, and I usually achieve it (primarily via LinkedIn).  In case you’re thinking about ramping up your social media efforts, here’s a few thought starters on what has worked for me:

  1. Choose your platform wisely.  My social media hinges around LinkedIn, which I was an early adopter of and because my target clients are businesses, event planners and gender diversity practitioners in the corporate sphere.  These audiences happen to be on LinkedIn. A lot.  Some of them are on Facebook, but many aren’t, so it doesn’t make sense for me to put a lot of effort into that.  And they’re increasingly on twitter, so I link my twitter and LinkedIn profiles to synchronize updates.

  2. Make your profile work for you.  You can start with your CV, but your online profile should be sharp, catchy, BRIEF and targeted to your desired audiences.  It should also be relevant to your CURRENT career focus – so while you want to include your work history, don’t go into detail on those areas where you’re not currently attempting to capture market share.

  3. Stand out and be different.  Lots of people comment on my LinkedIn tagline – “As the SheEO, I'm obsessed with achieving gender balanced leadership and Australia's thought leader on gender diversity” – which is exactly what I want them to do!  They often send me a message like “you’re the first SheEO I’ve met” or “love your passion” or “what a great obsession”.  Now chances are you're not a SheEO! But whatever you do, your profile should point out what is unique and different about you, and it should convey your professional value proposition.

  4. Actively look to build your network.  To do this you can search and contact former colleagues, study alumni, members of your professional associations or just friends and family.  Send invitations, and get involved in their posts.  Ask them to “like” or “recommend” you, and do the same for them.  Follow Groups/pages/profiles that are a good fit with your target audience. Contribute to discussions that demonstrate your expertise, and attract more followers.  Build up brownie points with your followers by giving them your content and expertise, and respecting them as contacts but not necessarily customers (HINT: mass mailing your contacts to directly promote your products and services is generally unappealing in the online world!)

  5. Match your activity with your desired outcomes.  If you just want your online profiles to be a simple way to stay connected with your business networks, you obviously won’t need to put in as much effort as I do to generate regular, ongoing revenue.  But if revenue is a goal, you'll need to put in some effort.  To meet my targets usually involves a weekly blog post, which I link to twitter, LinkedIn and a Facebook business page as updates or posts, usually using Sendible to schedule periodical links to the same article (in case my audience misses it the first time, I give them a couple more chances in the following weeks).  I also comment on, or retweet, up to 20 posts from contacts I follow each week, that I consider will be relevant to my followers too.  This sharing counts, when it comes to social networks.

  6. Start with one platform, and add others if/when you’re ready.  I’m of the view that it’s better to have one solid, active network than several patchy ones and this has certainly worked in my business.  So if you’re not using any social media yet, then pick one.  Get it right, and then consider whether you add more.  I was an early adopter of LinkedIn and have been there since the very early days (there’s currently over 100 million users, and I was the 4,091,343th user to subscribe back in 2005!) So I got this profile active and working for me, before moving on to twitterFacebook I’ve just started playing with, I’m not on Google+ yet, and I haven’t even looked at Pinterest !  There are other local networks and groups you might subscribe to, like those created by business to capture or encourage your customer engagement.  I don’t do much on these, I find that generally the effort doesn’t pay off.

  7. Just get started!  Sure, it might seem like a mammoth undertaking but the only way to move forward is to… move forward!  If you get stuck, ask for help!  Google is your best friend when it comes to the technical questions.  And there’s always going to be someone you know who can help you out.

So ... has this prompted any ideas or enthusiasm to get online?  Or perhaps you have another tip you can share here?

If this sounds good in theory but you want someone to “help you do it” instead of “telling you how” then let me know – if there’s enough interest I’d be happy to run some tutorials and could do this in Sydney, Melbourne, Adelaide, Brisbane, Perth, Canberra and Kuala Lumpur in the coming weeks and months as I have speaking trips (thanks to LinkedIn!) in each of those cities coming up.

Happy connecting!

Liz commented on 30-May-2012 02:34 PM
Thank you for the very timely email on using Linkedin! I'm just in the throes of expanding my profile, (as well as exploring other marketing tools) so it was spot on for me. Mind you, your emails/blogs are always interesting but this was perfect, thanks.
TheSheEO commented on 30-May-2012 02:35 PM
My pleasure Jen... enjoy!
Fiona commented on 10-Jun-2012 03:16 PM
Hi Jen thanks for this invaluable blog, as ever. It has spurred me to step up a level in comprehending what my skills are and why I want to use them commercially. Now only the 'how' remains, but I am on to that too.
Nicole Orr commented on 21-Jun-2012 08:35 PM
Thanks Jen, I have only fairly recently started with LinkedIn, and Facebook. After working for myself for 14 years and currently working on re-branding that business, and also embarking on building a new sister business, I find LinkedIn wonderful, if anything
to see what fascinating work people do, either in my field or not! I find the social media platform both fantastic and in some part confusing, so your post is timely and very helpful! Please let me know if ever you visit Brisbane!
Sharon Ferrier commented on 15-Jul-2012 08:55 PM
Great summary Jen! Women particularly are bad at tooting their own horn - As the saying goes "If you don't ask, you don't get" Time to ask your 'raving fans' to give you a recommendation. I too recently met a new client who saw my profile on linkedin,
knew one of the people who gave me a testimonial and rang to book me. Linkedin enables me to have a strong profile on my name alone - why wouldn't you link up?
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