Yup, it’s been a devastating week all round. First I hear that Google cutting back on free food and now Linkedin has gone over to the dark side. Seriously, they have finally become a social network (see below)…..like they should have 5 years ago.
It is no accident that Facebook has over 100 million members in less than two years up from 13 million after they opened up their community to the world beyond the college crowd. The problem Linkedin has, I've been told, is that only 20% of its 20 to 30+ million members or less are actually using it…..and they may all be recruiters.
Research and real life has shown, if you create community and connection, people will interact and be active in a social network. Linkedin has now seen the light. To grow from 100M in revenues to 200 in revenues and go public, they will need a lot more eyeballs and quickly. How do you get them? Move to social networking using the group feature.
At Linkedin’s inception in 2003, I told Reid Hoffman, former CEO, now Chairman of the Board, that they needed to create community to really enable cohesive connections among networkers. He and his crew insisted it was a "tool "not a social network. What is it that guys have about their tools while women need to talk things out and build community?
Interestingly enough, a whole cottage industry led by the top networkers on Linkedin, such as Vincent Wright and Marc Freedman created communities off linkedin using, ironically, Yahoo groups. Linked in Lions, Dallas Blue (now just Blue) and My Linkedin Power Network have gathered thousands of participants talking, contributing and connecting off Linkedin.
They all have groups on Linkedin so perhaps Linkedin will bring their communities back into the fold. As the competition from other niche social networks have grown, Linkedin’s only option is to make the social networking space for them within its site or lose them altogether.
Reid, I told you so! It is going to be interesting to watch how you make a revenue model out this. It will be a success as people have been craving this. I bet this gets more women involved and active on Linkedin now.
Dear Patti
First, thank you for managing your group on LinkedIn. We sincerely appreciate the time and effort you devote to your members, and we know they value it. Together you have made Groups one of the top features on LinkedIn.
This Friday, we will be adding several much-requested features to your group:
- Discussion forums: Simple discussion spaces for you and your members. (You can turn discussions off in your management control panel if you like.)
- Enhanced roster: Searchable list of group members.
- Digest emails: Daily or weekly digests of new discussion topics which your members may choose to receive. (We will be turning digests on for all current group members soon, and prompting them to set to their own preference.)
- Group home page: A private space for your members on LinkedIn.
We're confident that these new features will spur communication, promote collaboration, and make your group more valuable to you and your members. We hope you can come by LinkedIn on Friday morning to check out the new functionality and get a group discussion going by posting a welcome message.
Sincerely,
The LinkedIn Groups Team