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Are You Using LinkedIn Groups to Their Potential?

By
Mortgage and Lending with ReadySetLoan Condo Team LLC

Are You Using LinkedIn Groups to Their Potential?

linkedin groupsBecause of my relatively limited experience with Social Media Marketing, I am at times blown away as to how people find me.  I consistently receive incoming emails and phone calls from all over the country from people who found me through my ActiveRain blog and outside blog. 

I can attribute half of my current book of business to my ActiveRain blog including ALL of the business that I have done outside of my state.  My inroad to a large property management company here in Connecticut was because I developed a relationship with a property manager who found me through my AR blog.

Last year, I began spending more time on LinkedIn and less on Facebook and Twitter.  It had been the other way around because of some social media trainings that I had attended.  The speaker was heavy into FB and Twitter so I had concentrated my efforts there.

As it turns out, I highly disagree with his strategy because I have derived more business with LinkedIn in 6 months than I have since 2008 with both Facebook and Twitter, combined!

The key to the success that I have had with LinkedIn has been from using the Groups.  I will say with great confidence that if you are not using Groups in LinkedIn, you are really missing out.

If you were to go in and search Groups, you would be able to find a whole array of them that pertain exactly to your industry.  Many of you are already in Groups but are you using them to their potential?

On LinkedIn, I am in 4 Groups dedicated to condominiums and condo law including CAI and Condo and HOA Law & Living, 1 for FHA mortgage facts and guidelines, 1 about credit scores and disclosures and 1 for Connecticut Real Estate.  Depending on the topic, I post the article to some or all of the above.  CAI has been the best for me; it is a national group that is very active.

Besides posting our articles, the Groups allow us to showcase our knowledge and expertise.  On any given day, I can find a handful of topics to which I can comment and show my expertise of FHA Condominium Project Approvals.  My number of connections on LinkedIn has also greatly increased due to my activity in the Groups.

ActiveRain has made it so easy to broadcast our articles to other social media sites that it is silly not to do so.  Everything that I do starts in the ‘Rain and then I cast it out to the other sites.

In the past two weeks, I have fielded 5 strong leads; 3 came from LinkedIn Groups.  The prospects contacted me from Tennessee, Alabama, Louisiana, Colorado and Florida.  Two of them have already been converted into contracts.  Two of them aren’t yet ready to move forward due to not meeting FHA’s guidelines but I am working with them to help them down that road.  I have sent a proposal and letters of reference to the fifth one; they are soliciting several companies.

Last night, our new client from Louisiana posted a comment on the discussion in the LinkedIn Group where she found me.  She wrote:

I got in touch with Eric after seeing this discussion and I must say I am so pleased at how quickly Eric responded and we were able to get started on our recertification process. I am sure his company is going to save me a lot of time and frustration!”

I was ecstatic at her comment!  She contacted me on Monday and we were rolling by Wednesday.  Their approval with FHA expires today so we will have to knock this one out quickly.

ActiveRain and LinkedIn Groups have completely transformed my business.  I can say that I don’t know where I would be without them.

So, I ask you: Are you using LinkedIn Groups to their potential?

Top image courtesy of Stuart Miles/freedigitalphotos.com

Posted by

The Condominium Project Approval Team at ReadySetLoan is dedicated to helping condominium projects across the nation to obtain their approvals with FHA and the VA or become recertified with FHA.  We have assisted nearly 200 condominiums and we can help your association.

 

ReadySetLoan is an active member of the Connecticut and New England chapters of the Community Associations Institute (CAI) and is a frequent contributor to Common Interest Magazine as an expert in FHA/VA condominium project approvals.

 

Please contact us with any questions regarding FHA or VA condominium project approvals.  You can email me at askeric@readysetloan.com or call me at 404-433-4565. I will be happy to answer any of your questions.

 


FHA/VA Condo Approval Specialist

404-433-4565 Cell Phone

860-644-3772 Fax Phone

eric.boucher@readysetloan.com
ready set loan condo team

 

 CAI-CT logo

 Check out our article in Common Interest magazine on page 19!

Find Eric Boucher with ReadySetLoan Condo Team on Google+

Raymond E. Camp
Ontario, NY

Good morning Eric,

Thank you for the tip.

Make yourself a great day.

Jan 16, 2014 09:42 PM
Suzanne Otto
Six Twenty Designs - Lansdale, PA
Your Montgomery County PA home stager

Eric this is great! I definitely am not using LinkedIn to it's full potential. Someone mentioned the groups to me the other day, I need to check them out. But I'll still use FB and Twitter. A good combination of everything is best.

Jan 17, 2014 12:59 AM
ReadySetLoan Team
ReadySetLoan Condo Team LLC - South Windsor, CT
Residential, Commercial & Condo Financing Experts

Raymond - make yours a great day!

Hi Suzanne - I believe that as far as LinkedIn goes, Groups provide the most bang for the buck.  I am glad Twitter and FB are working for you.  I have found that it takes much more time on those to accomplish the same thing.  If you jumped in some Realtor groups, you can post your valuable content.  I read your articles - they are fantastic!

Jan 17, 2014 04:15 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Eric I am on Linkedin, but besides linking some of my blogs there I really do not do anything else on it.  I know I should do more there but time gets in the way.

Jan 17, 2014 11:52 AM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Eric.  I haven't got any business from Linkedin.  I am doing something wrong.

Jan 17, 2014 08:03 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Eric. You know that I am a big fan and my efforts continue to pay off. It has a lot to do with the effort that I put in.

Make it a great weekend!

Jan 17, 2014 08:48 PM
ReadySetLoan Team
ReadySetLoan Condo Team LLC - South Windsor, CT
Residential, Commercial & Condo Financing Experts

George and Conrad - it's all a matter of prioritizing.  I know that what you do works for you and as they say "if it ain't broken, don't fix it!"

Joe - you are a poster-child for the rewards of properly using social media marketing!

Jan 17, 2014 11:55 PM
John Anello, Stamford Area Electrician
Safe and Sound Electric LLC - Greenwich, CT
Call Safe and Sound Electric at 203-536-0021

I find that people use Facebook to find out what their friends are up to, but do not want to see ads, or be sold anthing.   Great post. I will try to use LinkedIn more often.  

Jan 19, 2014 06:16 AM
ReadySetLoan Team
ReadySetLoan Condo Team LLC - South Windsor, CT
Residential, Commercial & Condo Financing Experts

Absolutely.  I even had a friend one time tell me that she and all of her friends avoid the political posts as well.  People just want to go there, relax and "unplug" so to speak from their lives and the world.

Jan 19, 2014 06:23 AM
Wayne L. Brown
Franklin Advantage Inc. - Alpine, CA

Eric

While all of this is well said and good, there is now a major issue going on at Linkedin.  I should state that this issue has been ongoing.

Many honest contributors on Linkedin are now being what they call Swamed.  This is where someone flags your post or comment as Spam...........even though in many cases it is not Spam.

The issue is that you are then Blocked from posting and commenting in all Groups that you are a member of.............the Help section tells you to contact each and every Group Manager to plead for help and removal.  Many if not most managers are so overwhelmed with this issue that they never respond.

Many have concluded that when one seems to become a Top Contributor, a "Competitor" flags you you remove you from the picture.

If you go to the Linkedin site Help section and search for Swamed, you will find countless people who are feed up with this feature that was instituted last year.  it can take months to even resolve the issue.

For the time being, I am staying on AR and avoiding Linkedin due to this issue.

Mar 21, 2014 04:46 AM
Women of Westchester Working Together
Women of Westchester Working Together - West Harrison, NY
Women helping Women get ahead

Eric - this is a really smart approach, and I'm going to see if we can incorporate this idea.

Jun 16, 2014 08:40 PM
ReadySetLoan Team
ReadySetLoan Condo Team LLC - South Windsor, CT
Residential, Commercial & Condo Financing Experts

It continues to lead business to me and I have been developing relationships nationally because of it.

Jun 16, 2014 10:18 PM