How to Use LinkedIn When Your Compliance Department Says No
Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.
Recently, I have been conducting one-on-one training sessions for advisors on how they can better utilize the professional social networking site LinkedIn. Each advisor has different restrictions on how they can engage with the site, depending on the rules set forth by their compliance department.
I have found that most compliance departments will allow advisors to have LinkedIn profiles, but will not necessarily allow them to actively participate in groups, install applications, update their status or mass email their connections.
For those advisors who are allowed to have a LinkedIn profile but have been restricted in their use of the site, there are still strategies that can be utilized to make LinkedIn a valuable sales and marketing tool. Below are four strategies to implement even if you cant use LinkedIn to its fullest potential.
Other Articles by Kristen Luke
Convert Prospects to Clients through Drip Marketing
Five End-of-Year Marketing Tips
Five Marketing Lessons from Schwab IMPACT
Five Ways to Cultivate Professional Referral Relationships
Get Personal with your Clients and Prospects
How to Setup a Facebook Business Page
Make the Most of your Networking after the Event
Marketing with LinkedIn: Create Your Own Group
Should You Write Your Own Blog?
Social Media Marketing for the Everyday Advisor
Social Networking is Still Networking
The $3,000 Marketing Plan
Three Ways to Market Your Business Using Facebook
Touch Your Clients 24 Times a Year without Breaking a Sweat
Twitter Your Way to New Clients, Part One
Twitter Your Way to New Clients, Part Two
Which Social Media Tool is Right for You?
Strategy 1: Build your network
LinkedIn becomes more powerful as the size of your network increases. This is because you are only able to see profiles of people within your network (i.e. 1st, 2nd or 3rd Connections and Group Members). To make effective use of LinkedIn, you will need to continuously build your network. This will allow you to discover more potential clients and centers of influence. Start expanding your network by importing contacts. You can do this by selecting Add Connections in the Contacts menu and uploading a spreadsheet of your contacts email addresses. The resulting list will show you who is on LinkedIn and will allow you to send a mass invitation to connect.
Once you have started with your initial network, youll want to continue adding all new contacts to your network. Make inviting all new contacts to join your LinkedIn network a part of your weekly routine. This includes people you meet professionally and socially.
You never know where the next client or referral will come from, so dont exclude people from your network.
Another way to build your network is to install an Outlook toolbar which will notify you when an email contact is on LinkedIn. You can download and install either the LinkedIn or Xobni toolbar which will show you LinkedIn profile information about each of your email contacts and provide you with a link to send an invitation to connect request. These tool bars eliminate the need to manually look up a contact to see if they are on the site and then send an invitation request. Plus, they constantly remind you to build your network.