There are really just two basic things you need to do to most LinkedIn profiles to get the most out of them from an SEO standpoint.
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Customize your URL. My LinkedIn profile URL is http://linkedin.com/in/mikevolpe - and you can have one just like it with your name in the URL making it more likely for your profile to rank for searches for your name.
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Add Custom Anchor Text to Links. You can have up to 3 links on your profile to other websites, and these links pass SEO authority. If you customize the anchor text on the links, you can get the most out of them.