Page 271 - Introduction to Electronic Commerce and Social Commerce
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256                                                        8  Social Enterprise and Other Social Commerce Topics

           a professional to gain an introduction, through a mutual, trusted   LinkedIn can also be used for several marketing strategies
           contact, to someone he or she wishes to know. LinkedIn’s  such as creating special groups to promote interest in events,
           administrators themselves are also members and have hundreds  purchasing paid media space, and seeing what your competi-
           of connections each (see Elad 2014 and linkedin.com).  tors are doing (e.g.,  linkedin.com/about-us). Note that
              The  “gated-access  approach,”  where  contact  with  any  about 75% of LinkedIn members are located outside the
           professional requires either a preexisting relationship or the  United States. For example, many users are in Brazil, India,
           intervention of a mutual contact, is intended to build trust  the United Kingdom, and France. Over 1.5 million teachers
           among the site’s users.                            are on LinkedIn and use the site for educational purposes.
              The searchable LinkedIn groups feature allows users to   As previously mentioned, LinkedIn is a public company.
           establish new business relationships by joining alumni,  It was an instant success, as the share price almost tripled the
           industry, professional, or other relevant groups.  first day of trading. In contrast, shares of Monster, a major
              LinkedIn is especially useful in helping job seekers and  online recruiting company, plunged more than 60% during
           employers find one another. According to Ahmad (2014),  2011, mainly due to investors’ fear that LinkedIn would take
           94% of all U.S. recruiters use LinkedIn to examine potential  business away from Monster.
           candidates. Job seekers can list their résumés, search for   LinkedIn constantly adds capabilities to its site. For
           open positions, check companies’ profiles, and even review  example, in 2014, the company launched features that help
           the profiles of the hiring managers. Applicants can also dis-  increase local relevance.
           cover connections with existing contacts (people) who can
           introduce them to a specific hiring manager. They can even
           see who has viewed their profiles. For details, see linkedin.    Mobile Applications
           com/company/linkedin/careers and  linkedin.com/jobs.
           For a LinkedIn guide for job searchers, see Boone (2015).  A mobile version of LinkedIn, launched in February 2008,
              Companies can use the site to post available jobs and find  offers access to most features in the site by using mobile
           and recruit employees, especially those who may not actively  devices. The mobile service is supported in many languages,
           be searching for a new position.                   including Chinese, English, French, German, Japanese, and
                                                              Spanish (for mobile devices and supported languages, see
                                                              linkedin.com/help/linkedin/mobile-apps).
             Smart Ways to Use Linkedin

           LinkedIn is known mostly as a platform for recruitment, job   Some Resources for Linkedin
           searches, and making connections. However, there are many
           opportunities in the network for marketing, advertising,  The following are some useful resources on LinkedIn: blog.
           sales, and more (e.g., see Cole 2015). Members can ask oth-  linkedin.com, mylinkedinpowerforum.com, and linkedin.
           ers to write recommendations (endorsements) for them. For  com/search.
           a list of opportunities, see  linkedintelligence.com/smart-   For LinkedIn success stories, see Elad (2014) and cbsnews.
           ways-to-use-linkedin.                              com/news/linkedin-5-job-search-success-stories.
              In lieu of LinkedIn Answers that was discontinued in 2013,   Sources: Based upon Elad (2014), Ahmad (2014), Bernstein
           a new service is available, per linkedin.com/help/linkedin/  (2015), en.wikipedia.org/wiki/LinkedIn, and press.linkedin.
           mobile-apps.                                       com/about-linkedin (both accessed March 2016).
              In 2011, LinkedIn launched LinkedIn “Ads.” Ads, which
           is their version of Google’s AdWords, is a self-service, text-  Questions
           based advertising product that allows advertisers to reach a   1.  Enter  linkedin.com and explore the site.  Why do you
           targeted professional audience of their choosing (see their   think the site is so successful?
           FAQ’s at linkedin.com/help/linkedin/mobile-apps). For a   2.  What features are related to recruiting and job search?
           comparison between Ads and AdWords, see shoutex.com/    3.  Conduct an investigation to find the company’s revenue
           linkedin-directads-vs-google-adwords-2.              sources. Prepare a list.
              According to Ahmad (2014), LinkedIn has three times higher   4.  Several companies have attempted to clone LinkedIn
           “visitor-to-lead” conversion rate than Facebook and Twitter.  with little success. Why do you think LinkedIn is domi-
              As of 2014, LinkedIn can provide job matching to posi-  nating?
           tions available, by using a computer algorithm that deter-    5.  Join the group called “eMarketing Association Network”
           mines potential employee’s fitness to potential jobs.  on LinkedIn (free; it is a private group so you must request
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