LinkedIn: Never too young for a professional network
The professional social network wants to extend its tentacles to teenagers. Does that mean the rest of us can finally unsubscribe?
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Your support makes all the difference.Like any good corporate head-hunter, LinkedIn has a reputation for never letting go of its quarry. The professional social network that Forbes dubbed āThe Anti-Facebookā is notorious for its aggressive approach to āengagingā users. So much so that Comedy Centralās Daily Show host John Oliver recently tried to unsubscribe live on air, castigating the site by saying: āYou seem to have monetised irritating people.ā
For many of the members who have joined up and accept contacts on the site but arenāt really sure what its uses are, this may sound familiar. And with this weekās announcement that itās lowering its age limit to 13 in the UK, LinkedInās desire for expansion seems increasingly impatient and, to some, perhaps even misplaced. What sort of precocious 13-year-olds want to try and hobnob with top-level recruiters? How can the website ever hope to dislodge Facebook and Twitter? Why, in short, are they even bothering?
From the siteās point of view, the lower age limit was never the real target ā it was just a footnote to the launch of University Pages, a new section that offers profiles for educational institutes. Imagine a digital prospectus where potential students can not only see how universities specialise in various sectors, but also snoop on notable alumni and dream about all the completely meritocratic leg-ups they might get in the future. Itās the sort of careers service website that the Government could never dare launch, and one that perfectly piggy-backs the networking functionality of the site.
Watching the adverts for University Pages, itās clear that LinkedIn isnāt trying to ācompeteā with Facebook. The videoās tone is eerily similar to government-funded PSAs trying to jolly young people into being responsible adults. LinkedIn, weāre assured is ānot just for old people with heavy briefcases, itās for you.ā
The āyouā in question here is not the teenager who wants to chat with friends or click through photos of last night to find out what they did, but the teenager who knows that they will have to a get a job, and that they need every advantage they can get. LinkedInās insight here is recognising that these two are often the same person. No-one wants their Facebook page doing double-time as a face for both friends and for work. LinkedIn is attempting to offer another option, a comfortable division of your professional life and private life.
Although it has less than a quarter of Facebookās members (238 million to Facebookās 1.11bn), user sign-up for LinkedIn is currently increasing 37 per cent year on year, a figure that is more than matched by investor confidence. After an initial public offering in 2011 at a share price of $45 (Ā£29), LinkedIn has consistently outperformed the marketās expectations, and in the last year share prices have more than doubled ā currently hovering at around $237 (Ā£152).
Much of this success is credited to Jeff Weiner, previously an executive at Yahoo who became interim president of the site in 2008 and CEO in 2009. Before Weiner joined, growth for the site had been slow. After launching quietly in 2003 the site had attracted one million sign-ups by the next year but the services it offered with minimal ājust a bio page, a contact list and the ability to add colleagues. Although the site had attracted 20 million users by 2008, this was a slow growth rate compared to its rivals. Between 2006 and 2008, Facebook managed to add more than 130 million users.
Under Weinerās leadership LinkedIn has dramatically repositioned itself from a service to a platform. University Pages ā and the lower age limit ā are just a single example in a larger transformation common to successful social networks. Once these sites have scooped up their most valuable resource ā a pile of active users with real identities ā a logical way to expand their business is to offer these individuals more services.
Facebookās tactic was to launch the imaginatively-titled Platform in 2007, offering software developers the chance to develop apps and services within the social network. In return, Facebook would benefit by absorbing the web traffic of potential competitors and strengthening their position as a hub for various activities online. Platform was only a mixed success but LinkedInās future looks brighter.
Alongside University Pages, the site has launched services such as LinkedIn Today, an RSS-like news aggregator where users sign up to topics relevant to their work and interests, and the Influencers programme, a place where āthe smartest people driving the professional conversationā write original content for the site. The sign-up list for the latter shows the scope of LinkedInās ambition (Barack Obama, David Cameron, and Shinzo Abe are all on board) as well as the siteās reach (Bill Gatesā first post received more than 1 million views in under 48 hours).
Weinerās changes though are still underwritten by a professional focus; in terms of revenue the siteās bread and butter is still labelled āTalent Solutionsā. These services, which represented 38 per cent of revenue in Q1 2010 and have risen to 56 per cent in Q2 2013, offer recruiters a number of different tools but are especially good at āpassive recruitmentā ā using the siteās massive database to find jobs for individuals who arenāt actively looking.
This is typical of the siteās formula for success: unlike Facebook it doesnāt need users to visit it all the time to generate revenue. And with the new lower age limit set to attract more users to the site, LinkedIn is the perfect embodiment of its service: the more people in your network, the more powerful you are.
The LinkedIn generation: How teenagers will use service
āLet me in. Iāve got the mind to do businessā
Danni Cotterill, 15, from Bournemouth
I recently heard that LinkedIn is lowering the age limit to 13, and Iāll definitely sign up. I think itās great because itās beneficial for my future career ideas, and itāll give me a head start in finding jobs. I took part in Tenner, the enterprise competition run by Young Enterprise, and intend to carry on the company I set up with my friend Georgia. LinkedIn will help us get advice from people in business on our ideas.
Opening up LinkedIn gives younger teenagers the opportunity to network with people in business and get feedback. Thirteen year olds have grown up with technology and their minds are like a sponge ā they can take in a lot of information and they are quite professionally minded.
Taking part in Tenner has given me an understanding of how to work in a team and work to a deadline. Iāve got the mind of a business person now.
āI already run a website. This is ideal for meā
Niall Sanderson, 15, from Carlisle
LinkedIn is a great place where lots of people who work in the same industry can connect. I run TalkRadioUK, itās a website that provides radio, publishing and news to the public, produced and presented by the youth. Weād like to look for radio presenters who do sites like this, both professional and amateur.
Weāve reached 200,000 through our network. We do a network news show where we go out on stations worldwide, so LinkedIn is another idea where we can find other radio stations that perhaps, would like to use our services.
Itās a good place where we can put ideas up, where other people can contribute to them and we can see what other peopleās ideas are, as well and find a mix where we can be in partnership with other people and use other peopleās ideas.
All of the volunteers who operate on the social side keep all our social pages up to date, working on Twitter and Facebook, so through that, LinkedIn would be part of their responsibilities.
āI can use it to make early career choicesā
Christian Demaude, 14, from Lincolnshire
When LinkedIn announced that they would be lowering the minimum user age from 18 to 13, I was really excited because it means people my age will have a chance to get some early insight into the kind of jobs we want to do later.
I think the more information we get, and the earlier we get it, the easier itāll be to make important decisions when we get older. Weāll be able to compare jobs, and itāll help us to decide which universities might be best for what we want to do. When I grow older, Iām stuck between wanting to be an actor, an author or a psychology professor. So, maybe LinkedIn could help me to learn more about these jobs, about how they work, what Iād need to study and so on.
I might even get advice from people who actually have these jobs. Iām looking forward to setting up an account.
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