Using LinkedIn To Prospect – Better Than Cold Calling

May 12, 2015 — 3 Comments

linkedin_clothWe’re all on LinkedIn.  So Why Not Use LinkedIn To Prospect for New Business!

New Logos are hard to get. Cold calling is not really working, and it’s no wonder. The people we are calling are getting thousands of calls, and unlike email, calls take an incredible amount of time to make and return.  However, email is hard too. Getting noticed in email is a one-in-a-million chance. It’s easy to delete an email.  But LinkedIn seems to work.  The open-rate is actually higher than normal email. I know they say that in the ads, but based on my experience, it’s true.

Have you tried LinkedIn for active prospecting?  I thought I would provide a few tips here on how to make use of this great tool. It’s funny how many of us are on this cloud application. It’s the one hole in the great wall every business leader has surrounded themselves with.  And it does work. In fact, I just got off the phone with a VAR Business Owner. He can’t get his sales guy to make use of LinkedIn, however in the past week he’s landed 3 sizable deals himself, simply by spending an hour each day reaching out to people.  Meanwhile his sales guy is pounding the phones with little to show for it. Blog Subscribe Ad

Here’s One Way to Use LinkedIn to Find New Business

1. First, you will need an upgraded account. I use the Business Account for $23.99/month.  This gives me more access to see people’s profiles before connecting, and unlimited use of the advanced search capabilities.

2. Next, you need a way of getting around the InMail limitation. You only get 5 InMails (Emailing within LinkedIn) in the business level account. But the next level up only gives you 8, and the top level is 15. If you’re in sales, none of these options will work.  So here’s what you do…

  • Use the advanced search function to find the people you are looking for. Consider searching titles, companies, or types of businesses.  I find that setting a block of time, such as an hour, and then focusing my search on something that will give me a few hundred hits works well. I’ll then spend that hour contacting people from that one search.  This saves time.
  • You can try connecting.  One person I spoke with will contact someone they know, who is connected to the prospect they’re after, and get permission to name them. They are not asking for an intro – that takes too long. Instead, just to name them. This increases the likelihood of connecting.  A Connect request does not use an InMail.  The only problem here is that waiting for your contact to respond might be too cumbersome.
  • Another option is to use the groups. If that prospect is in a group that you belong to (if not, just join a group they are in), you can click on the number of members in that group, which will display all group members. Search for their name and click MESSAGE.  This message will not count against your InMails either.

3. Offer them something.  I like to offer content – a free copy of one of my books or a special report on some topic that seems relevant.  Cloud security has been a good one.  Adam Witty, in his book Book The Business, does a great job explaining how to connect with people using books and reports. It’s much easier to connect with content than to connect trying to sell something.  (Note: I will be interviewing Adam Witty in June on my Insider’s Circle Program!)

4. Follow up.  Try offering your content 3 times, one time per week. I get about a 50% acceptance on this. Usually it’s the 2nd email that does it.  For some reason people respond to a message that refers back to the first message more often than replying to the initial try.

5. Don’t give up.  It’s important to know your product or offering is valuable. Like any prospecting effort, there will be those who respond negatively.  In fact I had one today.  The thing that amuses me here is that I am reaching out to sale people and sales managers. So today I sent my third and final email offering my book – it was sent to a vendor you would recognize in the security space; he’s the regional sales manager.  His reply simply said, “Leave me alone.”  I was tempted to email back asking him how he would counsel his sales team with this type of response.  But I resisted the urge.  There’s no reason to get into it with people…just move on, continue spreading your value until someone responds with a need.  Remember, it’s their loss not yours…

© David Stelzl, 2015

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3 responses to Using LinkedIn To Prospect – Better Than Cold Calling

  1. 

    Thanks for the great advice, I’ve been working on this little by little. Any ideas on how to implement if I am not paying for the premium service level?

    • 

      I am paying under $30/month – lowest level, with 5 in mails, but it does offer me unlimited advanced searches and the ability to see the full profile. That’s a low cost for this type of marketing tool – if you’re closing at least $30/month as a result, it’s worth it. Thanks for the comments – hope this helps.

Trackbacks and Pingbacks:

  1. Secrets of Better Prospecting « Dave Stelzl's Blog - May 13, 2015

    […] Yesterday I posted some strategies to find new customers using LinkedIn.  Having used this method myself for several months, I’ve been amazed at how much easier this is than trying to reach out to someone I don’t know by phone or email. It does work.  However, there’s a catch… […]

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