As promised, following is my report on the reach and efficiency of LinkedIn networks.
For 3 weeks, I've collected network stats from 113 LinkedIn
users who responded to my
original blog and my LinkedIn
question. I tabulated the following data for each respondent:
1st Level Connections - Your trusted friends and colleagues
2nd Level Connections - Friends of friends (two degrees away from
you)
3rd Level Connections - Their friends (three degrees away from
you)
Total users you can contact through an Introduction (Reach)
Reach is easy. It's the total number of users you can contact on LinkedIn
through an introduction. Glenn
Gutmacher has the largest reach with almost 7 million people. Five other
people also can reach over 6 million people including Dave Mendoza & Maureen Sharib. I was surprised
to find that the person with the second largest reach isn't a recruiter or
sourcer. Alex Zaretsky is an
embedded software engineer from the UK. Seven people can reach between
5 million and 6 million including Vincent Wright and me. Seventeen people can reach
between 4 million and 5 million, 16 people can reach between 3 million and 4
million, and 24 people can reach between 2 million and 3 million. The bottom
line on reach is that lots of people can reach really large numbers of people!
Efficiency isn't as easy as reach. Shally Steckerl defined The
Promiscuity Ratio (efficiency) as your first degree contacts divided by the
total number of contacts you can reach. So, for example, if you have 100 first
degree contacts and can reach 1 million total contacts, you network would have
an efficiency of 0.0001. I tired quickly of working with such small numbers so
I arbitrarily multiplied Shally's ratio by 1,000. So the efficiency of the
network used in our example can be represented as 0.1.
Enough of the example, let's look at some real network efficiencies. It
turns out that 42 of the 113 people who responded have networks that are more
efficient than the example given above. The most efficient network belongs to Robert Pilkey (0.02) who
leverages just 26 first level contacts to a reach of almost 1.4 million! The
seven most efficient networks all have less than 100 level one contacts. The 50
most efficient networks all have less than 500 level one contacts. The 90th
most efficient network is the first with over 1,000 level one contacts.
So what is the efficiency of those networks with the greatest reach? Sure
enough, they rank towards the bottom: Dave Mendoza (1.09), Glenn Gutmacher
(0.86), Alex Zaretsky (0.61), Vincent Wright (0.30), and me (0.24). It seems clear
that the larger your network the more likely that it will be less efficient.
Should you care about reach and efficiency? Let's look at a few examples:
1) If
you are a recruiter or sourcer you probably want to maximize your reach. You
want to be able to connect with as many people as possible. The more
connections you have the more likely you'll have something to leverage for
every search. There are, no doubt, exceptions to this rule. If you specialize
in a very narrow area, you may only want to have people in that area in your
network. However, for most people, the more the merrier and efficiency be
damned!
2) If
you are a business professional outside of the fields of recruiting, sourcing,
marketing, or sales, you probably want to have only people in your network who
have experience in some way related to your profession. These are the folks who
maintain that it's best to connect with only people you know. People in this
category probably don't care much about reach. I doubt that they care much
about efficiency either. Their main focus will be on their level one contacts.
Of course when it comes time to find a new job, these folks may wish that they
were connected with professional recruiters and sourcers with large networks.
3) Some
people are extremely concerned with adding anything to their life that could be
construed as more work. People in this group may be concerned with the number
of LinkedIn related messages and requests that they may receive if their
network gets too large. They may choose to limit their network reach for this
reason. I have a large network and I've found that it is quite manageable. The
trick, for me, is to read almost all of my LinkedIn messages on LinkedIn
instead of in my email. That way I can handle them whenever I choose. I find
that I can handle everything in less than 10 minutes a day. Click on Account & Settings under You at the bottom of your LinkedIn home page and look under Receiving Messages for all the settings.
In conclusion, reach seems to be the most relevant measure when building a
LinkedIn network. Each person should work out for themselves what they plan to
achieve by investing time and effort in the pursuit. Efficiency, while
interesting, doesn't seem to have any real-world application. LinkedIn network
efficiency is likely to decline as the network grows and matures. It is
theoretically possible to build a high reach and high efficiency network by
connecting only with people with large networks. I doubt that this is a useful
goal in the long run but it is a great approach to take to grow reach quickly
when getting your network started.
Thank you to everyone who participated in this survey. Much appreciated!