Do You Have Any Idea How To Use LinkedIn With Crowdfunding?
Before going into details as to how to use LinkedIn with crowdfunding, it is best to understand what it is and how it works. Knowing so will give you a better understanding as to why you need to know how to use it for better odds of success with crowdfunding. For starters, LinkedIn is a business oriented social networking site. From the words “social networking” it connotes the opportunity to connect from one person to another. In short, LinkedIn is a site that allows its users to connect with its contacts. Now the question is that, what is the relevance of knowing how to use LinkedIn with crowdfunding?
Well, it is for the simple fact that the site allows a user to connect to people who share common interest as he/she does. Take for example if you are into film making, your contacts are also into film making stuffs. This is because the site requires its users to establish first the pre-existing relationship of the user to its list of contacts. So, if your pitch is about filming LinkedIn can point you to the right kinds of people that will most likely fund your pitch. Why? Well, if you are into making films, your network of contacts in LinkedIn is also fond of it as well. You share a common interest. Who could be more interested with your pitch than those people who share the same interest as you do, right? Learning how to use LinkedIn with crowdfunding can point you to the right contacts that will most likely be your financiers.
However, the promotion of your project is limited only to those of your contacts. Unlike Facebook or twitter, you can practically reach out to anyone. The upside is that, there are so many ways to drive LinkedIn towards the success of your pitch. It just that you need to know how to use LinkedIn with crowdfunding.
How To Use LinkedIn With CrowdfundingYour Dream Project/Business
Use it to tap your most likely financiers
The basic membership plan in LinkedIn requires that each user must be able to establish first its relationship with its directory of contacts before it is officially recognize by the site as list of contacts. As it so, most of the people in the list are those whom you personally know.
It may be your relative from a faraway place, a buddy during your college days or your kindergarten school classmate. So, when you tap them for help to back up your project/business, chances are they will gladly do so for you.In fact, it might even be possible that from them alone you can earn half of your target already. Now, the downside is that with LinkedIn you can only tap limited numbers of people. This is the very reason why you need to know how to use LinkedIn with crowdfunding. It is for the limited access of connecting to the right people.
If you can, go for its premium subscription plan
With it, you have the chance to get hold of the site’s database of connections. It will give you higher odds of reaching out to people who will most likely back up your project/business. Its database with 85 million members can certainly give you leverage in connecting with possible financiers. However, to gain such access you need to subscribe in its premium plan.
Use the site to conduct information drive about your pitch
Conducting an information drive in LinkedIn can boost your chances of getting funded. If you have the chance to contact at least a million of its users, your dream to film a certain genre can surely come true in no time. However, to do so you need to subscribe to its premium plan.
Use it to establish credibility
This is one privilege you can enjoy from LinkedIn. Because the site requires that its user must establish first its relationship with its connections, it makes the user authentic and not spammed. The privilege that users can verify one’s identity makes its members even more credible. So, when it comes to crowdfunding a pitch, chances of getting funded is high. Just aim to get to know how to use LinkedIn with crowdfunding.
Use it to create a buzz to better leverage for the promotion of your pitch
LinkedIn Answers allows you to post questions/answers to your whole network. So, you can conduct discussions about your pitch to create a buzz. When you get to have more people talking about your pitch, it will attract others to get to know what the buzz is all about. It allows the chance to increase the numbers of people who will take interest on your pitch. The downside is that, negative reactions from many connections might affect the decision of others to fund the project/business.
LinkedIn may offer limited access to numbers of people for basic subscription. But free of charge plan or not, it gives the kind of credibility unparalleled by other social networking sites. One thing though, you just have to know how to use LinkedIn with crowdfunding.
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