June 23, 2008
Linkedin.Com A big resource for real estate professionals
Linkedin is a unique social networking site. It is geared towards professionals rather than general public. Linkedin is used over 20 million people in 150 industries. It is a big professional networking site that allows a person to network with other professionals and gets to know their contacts. Big celebrities and CEOs of big multinational firms frequent linkedin and expand their network.
Linkedin is ideal for people networking with professionals in their niche. Real estate investors, agents and others have detailed profile on linkedin.com and you can network with like-minded people to get new job opportunities, Joint ventures, and clients!
According to Wikipedia, “LinkedIn is a business-oriented social networking site founded in December 2002 and launched in May 2003. Mainly used for professional networking. As of December 2007, its site traffic was 3.2 million visitors per month, growing at an annual growth rate of about 485%. As of May 2008, it had more than 20 million registered users, spanning 150 industries.”
The purpose of the site is to allow registered users to maintain a list of contact details of people they know and trust in business. The people in the list are called Connections. Users can invite anyone (whether a site user or not) to become a connection.
This list of connections can then be used in a number of ways:
- A contact network is built up consisting of their direct connections, the connections of each of their connections (termed second degree connections) and also the connections of second degree connections (termed third degree connections). This can be used to gain an introduction to someone you wish to know through a mutual, trusted contact.
- It can then be used to find jobs, people and business opportunities recommended by someone in one's contact network.
- Employers can list jobs and search for potential candidates.
- Job seekers can review the profile of hiring managers and discover which of their existing contacts can introduce them.
Linkedin.com is a very useful resource especially for real estate professionals. You can find investors, agents, buyers and sellers on linkedin.com. If you are selling a house, you can find people in your area who might be interested in buying a house. You find a lot of real estate investors and investment firms. You get to know the real decision-makers which is very helpful especially if you are looking for JVs and partnership deals.
You can also find jobs in real estate firms. Getting to know the CEO is the main deal. If you can network with the CEOs of big real estate firms, you can have a lot of opportunities which can be beneficial in the long run.
Nowadays, people are using internet technologies to connect with other professionals in their field and to use those connections to benefit and do business. Linkedin.com is one of them. In fact, every real estate professional should have a profile on linkedin.com because it makes it easy for people to know each other and do business in a professional manner.
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