In this example from BioFlorida, you can determine how popular its brand is by the amount of followers it has, details about its employees and what other companies its audience is interested in under the “People Also Viewed” section.
Learning more about your competitor’s staffing composition from their company page can help guide the direction of your future hires and give you a better idea of much they are spending on their teams, as well.
Increasing sales opportunities
One common goal among B2B companies both big and small is to increase sales with social media, and LinkedIn provides a comprehensive feature set that helps sales professionals accomplish these goals.
Find and qualify target audience: Start by targeting ideal companies that would be interested in your products. Next, browse their current employees on LinkedIn and select the employees who are most likely to be interested in your B2B products or services.
Gather context before reaching out to leads: Once you’ve found the ideal candidate, study their profile information and create a pre-email or pre-call plan. Look for any mutual connections, shared work experiences, alma maters or any other areas that could provide talking points to guide your next sales correspondence to be more human.
Get introduced to leads through mutual connections: If you have mutual connections with a targeted lead and you have a strong relationship with those mutual connections, consider asking for an introduction. A proper introduction can change a cold call into a warm lead—which can increase your chances for success.
Send InMails to expand your sales outreach: Another way to reach your prospective leads and deliver your message into their email box is to experiment with sending InMails. This feature is only available to paying members of LinkedIn, but since its boasts a nearly three times higher open rate than the typical email, it may be worth exploring to get your pitch in front of the right people.
Use LinkedIn as a free customer-relationship manager: A smart way for small B2B companies to make the most out of LinkedIn is to use its free CRM capabilities after making a connection. This feature is labeled “Relationship,” and it is available under the profile image and headline section. In this section, you can see past conversations that you’ve had on LinkedIn, view when you connected, add detailed follow up notes and organize connections with the tag feature. While not as comprehensive as a high-end CRM, this LinkedIn feature can help small businesses enjoy many of the benefits of a CRM without the hefty price tag.