5 Ways to Take Advantage of a LinkedIn BETA Tool: Company Profiles
Wednesday, January 28th, 2009
The Company Profiles feature on LinkedIn is a cool research and networking tool (in BETA) that helps users gain some keen insights into what companies are all about, what’s happening within those firms, and who within these companies you should consider connecting to. Since LinkedIn tracks so many types of inter-related pieces of information on their system, they are in a unique position to find trends in the work history of users and identifying connections between companies. According to LinkedIn, “[Company Profiles] information was aggregated from non-personally identifiable data of LinkedIn users who are currently employed by this company. This data only reflects estimates about this company’s employees and is not endorsed or provided by the company.”
Getting to the tool is easy. In the top navigation bar on LinkedIn, click on the ‘Companies’ tab. You can locate companies by keyword, country, zip code, by name or browse by industry. Once you’ve located a company you are interested in (in my case, eBay) you are ready to start spelunking all that Company Profiles has to offer.
So what’s so great about Company Profiles? LinkedIn quickly calls out the social movers and shakers within any given firm, how far away these people are from you—2nd degree, 3rd degree, and who they are likely to be employed by next (aka their extended career path). Company Profiles shows you the names of people who recently joined a company, what type of positions are most common with that company, and the gender mix of employees at that firm. LinkedIn’s Company Profiles feature can be leveraged to locate these data sets, and more.
It is true that some data in Company Profiles is not 100% accurate from a research point of view (the feature relies on members and partners for some of its data). But as a social networking tool, the interconnected data trends that LinkedIn provides are robust in and of themselves. Plus, the information is free for you to leverage as you see fit.
Company Profiles Can Help You Network in Five Easy Ways
Company Profiles helps you better leverage your most valuable LinkedIn asset: your personal connections. Through Company Profiles, your former, current, and potential colleagues and their connections can become valuable access points for you to capitalize on. Company Profiles can help you:
1. Find a new job
2. Secure new clients or assignments
3. Conduct competitive research
4. Identify business partnership opportunities
5. Spot the most socially connected employees at any given firm (the influencers)
Find a New Job
Company Profiles provides a list of all the LinkedIn users in your network (up to 3 degrees away from you) who currently work at a given company. LinkedIn users who have recently joined a given company are also displayed. Recent promotions or changes to positions are listed, along with the most popular positions held across the company. If you are a job hunter, what a great resource this is tap into!
For example, let’s say you are seeking a project manager position at eBay. By using the Company Profiles feature on LinkedIn, today you would discover:
- 2% of eBay’s 10,000+ employees have jobs relating to project management (so this company does need your services)
- Most people at eBay work out of San Francisco (if you live in the Bay Area, this would be a good company to consider working for)
- The number of current eBay employees you know or are connected to (they may know eBay managers who are hiring, and perhaps they can even recommend you for a job)
- There are 7 divisions within eBay that might also be hiring project managers (PayPal, Shopping.com, Half.com, StubHub, mobile.de & eBay Motors GmbH, ProStores and Skype).
Landing a new job is never easy—and it helps if you are searching while still gainfully employed. LinkedIn should be considered as one of your first job hunting resources. It’s not a job search and resume submission site per se, but by utilizing its social networking tools, you can read about new positions being offered and who you might know that can open a door or two for you. The rest is up to you.
Secure New Clients or Assignments
Okay, so you are a graphic designer, freelance writer, salesperson or perhaps you’re a technology consultant trolling LinkedIn looking to drum up new business. Where do you start? How can you harness Company Profiles to secure an assignment or a new client without being perceived as a networking marketing leech?
Two words: Research wisely. The one thing Company Profiles does well is help users sort and search for relevant data, quickly and easily.
Here are a few suggested next steps:
- Use Company Profiles to search the industries you’re most interested in working with
- Locate the employers, experts and customers you most want to talk to
- See who you know at your target companies, or who in your network can introduce you to them
- Ask questions or exchange ideas with like-minded people (join a group and participate in a discussion). By tapping into a broad network on what you can offer and what you are looking for, you may be impressed by the number and quality of replies/referrals
Conduct Competitive Research
The company descriptions within Company Profiles are provided to LinkedIn by Capital IQ, a division of Standard & Poor’s, a company that provides financial research and analytical solutions to over 2,400 investment banks, fund managers, and corporations. Besides a company overview section, key statistics such as headquarter locations, industry type, type of company, size, revenue, year founded and a link to their website is also included.
The above-mentioned fields of information are valuable in their own right, but combined with some of the related social networking information provided, the context of this research data can be exploited to achieve your desired goals.
Identify Business Partnership Opportunities
LinkedIn is a business person’s best friend. It takes your personal business network online, giving you access to people, jobs and opportunities like never before. It’s your 24/7 electronic rolodex!
LinkedIn’s motto is clear: Connect the world’s professionals to accelerate their success. Built upon trusted connections and relationships, LinkedIn has established the world’s largest and most powerful business network. Currently, over 34 million professionals are on LinkedIn, representing all five hundred of the Fortune 500 companies, as well as a wide range of brands across dozens of industries.
So how does one go about leveraging Company Profiles to partner and do business with other firms? The key is to be proactive, but smart about approaching potential business partners. One of the big misconceptions about LinkedIn is that it takes too much time to master and that it’s ineffective. Wrong! LinkedIn really works. The key is not waiting around for others to come to you—you need to reach out to others in a classy, respectful and compelling way. Don’t be a business wallflower. Introduce yourself to those you don’t already know, or ask people to introduce you to contacts of theirs that can assist you. You’ll be glad you did, as most LinkedIn users are members for the same reason—to accelerate their business careers.
Let’s take my profile for example. As of January 27, 2009, I had 437 connections linking me to 4,577,100+ professionals on LinkedIn. That’s a pretty large pool of potential business partners to reach out to. I might start my prospecting efforts by searching Company Profiles for companies in need of my products and services, then look to see how many current and ex employees are in my connected network. I would start with those I know directly (1st), then move on to those I know indirectly (2nd, 3rd, etc). I would have my hands full with prospective partner contacts in no time. Then it would be up to me own pitch and follow through as a means to secure new business.
Spot the Influencers
Popular profiles can be found in the Company Profiles section of LinkedIn. These are users who are spotlighted because they are actively updating their profile, being referenced in Q&A’s, getting email solicitations, participating in industry groups, using embedded tools, and/or frequently the result of searches and other activities within the LinkedIn network. According to LinkedIn, “users who appear on this list have the most profile views at their company.”
Why is important to identify and communicate with the key influencers related to your line of work or interest? Influencers can create buzz around your product or service, and they can open up unforeseen opportunities for you. By tapping into their social equity and by engaging in word of mouth marketing on your behalf, social influencers can boost awareness and transfer some of their social capital to you.
Brand advocacy fuels business growth—and it can be more important and effective than brand awareness or satisfaction. Influencers can help influence the business decisions, and the purchase decisions of others because what influencers have to say is generally trusted more than other sources.
Some assertive social influencers such as TopLinked LIONs (LinkedIn Open Networkers) have figured out how to harness The Hawthorne Effect, which involves getting others to participate in trialing, testing, reviewing and suggesting improvements to whatever they are working on—a product, business concept, website design, media plan, start-up venture, and the like. The theory goes that collaborative participation inevitably makes everyone positively disposed to the subject at hand, and those with whom you engage end up among its biggest champions. LIONs and other social media influencers have figured out how to tap into, exploit and share this new form of network marketing—hypertext magnetism so to speak.
Now that you can start to see the benefit of following, communicating and befriending the most socially connected employees at any given firm—it’s time to network with them. Keep in mind that first impressions are everything. Don’t contact an influencer until you are sure you have something worthy to talk about—and to offer. Poor first impressions could have a lasting negative impact…so be careful.







