Most connections are meaningless
The average number of connections on LinkedIn for a regular user is 400, (930 if you include companies that can have up to 100 million connections).
Most executives regularly stay in touch with between 5-10% of their contacts and over 80% of quality job referrals are still made through personal recommendations.
MyExecLoop focuses on this small, close-knit group of connections via referrals and recommendations. Your meaningful, valued network.
The problem with networking today
Networking takes time
When you think about networking, do you find that you don’t have the time and it never gets prioritised?
It can be overwhelming
The average number of connections on LinkedIn for a regular user is 400, (930 if you include companies that can have up to 100 million connections).
It’s hard work
Self-marketing and networking are hard. Even knowing where to start can be enough to put people off.
The importance of networking
85% of job vacancies are filled via networking
84% get jobs through ‘weak-tie’ relationships
73% were hired via a referral from a connection
70% of jobs are not advertised. Networking is crucial
41% of professionals don’t have time to network
25% of professionals who actually network
Sources: LinkedIn, Marketing Expertus, Fisher, Forbes
Existing solutions have issues
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LinkedIn
Aggressive advertising and use of algorithms
Meaningless notifications and emails
Bloated functionality that makes it hard to do the basics
Recruiters sending constant, templated requests
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Facebook Groups
Lack of control or ownership of your data
Data used for behavioural targeting
Aggressive advertising and use of algorithms
The social side of Facebook makes it unprofessional
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WhatsApp
Not legal for professional use
No profiles or ability to manage groups
No separation of personal and work life
No threading or ability to edit/delete messages
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Slack
Designed for workflow, not networks
Focused on productivity, not connection
Very expensive for communities
Overly complex and impersonal .
"Networking is a lot like nutrition and fitness: we know what to do, the hard part is making it a top priority."
— Herminia Ibarra
