SOCIAL NETWORKING is not simply a fad according to LinkedIn CEO, Reid Hoffman, who discussed the proliferation of not-working amongst professionals at CeBit this morning.
Hoffman discussed the veritable "explosion of social networks" over the past three years and stressed the importance of differentiation between social and professional services. From what we could gather, the only real difference is that LinkedIn has actually figured out how to make money from its rich, corporate users, whilst Facebook is still poking about trying to think of ways to get moody teens to part with their pocket money.
"Professional networks can offer opportunities," said Hoffman, who reckoned uploading a fancy, self-lauding CV to an online service was the best way of "keeping pace with innovation" and remaining "competive as a professional". Indeed, Hoffman continued, it was "essential to how you operate as a professional."
Funny, we always assumed actual 'work' was the way to success in the corporate jungle, but obviously forming a virtual connection with your boss' secretary and a recommendation from the cafeteria lady is more indicative of one's performance nowadays.
Hoffman reckoned there was plenty of money to be made from combining professional social networks with software as a service, something Microsoft, Cisco and IBM have known for a while.
Asked where he thought social networking might be headed within the next decade, Hoffman laughed and said, "No one knows anything about the internet in 10 years, you're lucky if you know two... or even the next six months."
He added mobile social not-working was still just in its early days, as was the video resume trend, but that both were important and would get "richer".
We're sure LinkedIn will find a way to get "richer" from it, anyway! µ
I wonder if sites like Linkedin will take off during the recession. Will jobsites with social-ability flourish due to people looking for jobs?
I thought it was mildly amusing and even made a good point, especially about Farce-book!
Hoffman is right to make a distinction between social and professional networking sites, but LinkedIn is still about putting your personal self above all else, much like Facebook. It's just that everyone on LinkedIn is thinking about their career first.
I call it a site for people in business, but not a business networking site. It's impossible to find on the site new companies that you may want to deal unless you know a name; and harder still to form valuable new connections with unknown staff at potential customers or suppliers, as LinkedIn recommends you do NOT accept invitations from people you don't know.
What sort of business networking is that? In the real world, it would be like attending a networking event and being told not to talk to strangers.
Ian Hendry
CEO, WeCanDo.BIZ
http://www.wecando.biz