hnw social media solutions

Results of my client survey 2015

As many of my contacts know, I have trained hundreds of wealth management professionals on the use of LinkedIn as a business development and lead generation tool, and I am often asked how many of my clients actually get business from LinkedIn. So I decided to conduct a random survey of 200 of my workshop attendees to find out whether they can evidence any tangible business results. I was shocked!

See the infographic below for the detailed results, but here are the highlights:

·         84% of those surveyed said they have seen tangible business outcomes as a result of their LinkedIn activities;

·         Within 1-4 weeks of attending the workshop, 42% had seen results e.g. a meeting or conversation they wouldn't have had without LinkedIn;

·         A total of 345 additional meetings or conversations have been held, which otherwise would not have happened but for their LinkedIn activities;

·         As a result of this activity, 79% of respondents said that it had either resulted in new business or was likely to;

·         And here's the number everyone is interested in - a total of just over £42,000,000 in new assets under management has been acquired by advisers due to their LinkedIn activities over the 12 months. That is an average of £210,000 per adviser!

As you can see, there is no reason why you shouldn't be using LinkedIn to generate business. Please don't use compliance as an excuse - your competitors aren't!

Survey Results 2015

Top tips for creating a great LinkedIn summary

If you are looking to use LinkedIn as a sales and business development tool, rather than somewhere to just post your CV, it is essential that you have an interesting and engaging professional summary at the top of your profile (directly underneath your headline box). Before every LinkedIn workshop I run, I research the attendees by looking at their profiles - the vast majority (probably over 90%) don't have any summary and merely list the individual's experience and education. Whilst these details are a small part of why someone chooses to engage with you, the professional summary is your perfect opportunity to show your value to the reader and explain how and why you can help them. So what are the key elements of an engaging LinkedIn summary for sales professionals? Here are my 6 top tips:

  • Don't 'sell' to the reader - the days of merely pitching to prospects simply doesn't work anymore, so think about what your true 'value' is to your target market. For example, you don't sell pensions, however you do offer clients a tax efficient way to invest for their retirement - this difference may look obvious, but I see so many sales professionals who don't appreciate the distinction from their clients perspective.
  • Write it in the first person. A badly written summary usually begins with something like 'Graham is a highly motivated, focused and enthusiastic individual'. Boring and meaningless! Avoid using these types of generic terms. Writing your summary in the first person also makes it much more personal. 
  • Don't jut bullet-point all of your career highlights - nobody cares! Just listing your achievements is fine if you are looking for a new job, but it doesn't work for sales professionals. Bullet points are more likely to be read than blocks of text, but keep it to 3 and explain your value, not just a list of your products and services.
  • You must come across as someone who is genuinely interested in helping people - whilst I'm not a big fan of buzzwords, a word like passionate works if you can evidence it. My point here is that you must be at least mildly enthusiastic about what you do! Either offer some help to the reader or suggest a call to action e.g. feel free to drop me a line or connect with me.
  • Tell the reader who you are looking to engage with - LinkedIn is a community of almost 350 million people so you need to try to qualify the reader and let them know that they are the kind of person you want to engage with. For example, I explain that my clients include private banks and wealth managers (amongst others). If my summary just said 'financial services professionals', this is too vague. Be specific.
  • Make yourself more 3-dimensional by telling the reader about your interests outside of work e.g. hobbies and sports. One word of caution - don't be divisive so steer clear of politics and anything particularly controversial - a client of mine insisted on saying that he enjoyed blood sports and shooting!

 Take a look at my profile and you'll get the idea - I get very positive feedback but any further thoughts are always welcome...

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