By now, you’ve assuredly heard about Pinterest. Social Media Club Orlando met at Voxeo last night and discussed the wide world of Pinterest, and how marketers might want to use this new tool. Pinterest allows you to digitally collect and curate “pinboards” – sort of like digital scrapbooks – centering around a particular topic, with some of the most popular subjects on the site being food, travel, fashion, home design and other aesthetically-friendly topics.
Established in March 2010, the site has grown rapidly and logged over eleven million unique visitors in January 2012, with a typical visitor spending over 100 minutes on the site in the month. Researchers at comScore report that the site’s demographic is about two-thirds female, and the most popular region for using the site is the Midwest. If you’re into recipes, do-it-yourself home decor or planning a wedding, checking out Pinterest for your own personal use is a no-brainer. But given the rapid growth in users, the “stickiness” of the concept and the site’s demographics – it’s worth thinking about whether Pinterest is a right fit for your business, as well.
A few questions you might ask yourself before you start pinning on a professional level:
- Do I have a product I want to showcase? Pinterest isn’t a site for tons of marketing verbiage or a hard-sell message – in fact, pushing your own material too aggressively is against the site’s terms of service – so you stand the best chance of doing well if your core product has a lot of visual interest. Indie and vintage marketplace Etsy is an excellent example, using Pinterest to curate a mix of products offered for sale on their site in addition to art, fashion and other related ideas. Etsy now has over 50,000 followers on the site. Many retailers are seeing referral traffic from Pinterest as they and others share their products, and large brands like Gap are also getting into the mix with their own Pinterest presences.
- Am I part of someone’s planning process? If you provide services, photos of your final product can inspire a potential customer to click. This would be equally true if you were in event planning, construction or even if you were just trying to help someone decide what’s for dinner (a personal favorite: Saveur, whose pinboards can help you pick out drinks and dinner, then get you the recipes when you click through). And those in the design business, from graphic designers to wedding planners, can consider Pinterest another form of a portfolio.
- What can I create that someone will inherently want to share? If you don’t think your product or service lends itself to one of the first two points, take a look at what your customers are doing. If it qualifies, re-”pin” them and then re-think what you can share around those concepts. Another popular item to share on Pinterest is an infographic, so brainstorm how those might showcase what your business does in a unique and visual manner.
Even if you aren’t out there ravenously “pinning” everything in sight, you can always use Pinterest to get ideas or to create curated collections that support your own business processes. Our Marketing team is all over this concept – for example, our marketing director Kim created this Voxeo Party Planning pinboard to collect some of her favorite items we’ve used at events like our Customer Summit.
And once you’ve started with Pinterest, the next step is to make it as easy and fun as possible for your customers to get out there and Pin, as well, particularly if you’re a retailer. Just like Twitter’s “tweet” and Facebooks’ “like” buttons, you can add a Pinterest “pin” button to your pages to encourage sharing. Some brands have also created contests specifically for those sharing the brand’s content on Pinterest.
The Wall Street Journal wrote up Pinterest this week, citing several businesses that were starting to see a return on the time they invested in the site, such as this wedding-related retailer:
“Our traffic converts to sales,” said Amy Squires, co-founder of The Wedding Chicks LLC, which posted about $540,000 in revenue last year, up from $340,000 in 2010. The four-year-old online retailer of wedding-party gifts, which joined Pinterest last summer, said Pinterest now brings in more than double as many monthly visitors to its website than Facebook and Twitter.
Like many startups in the social sharing arena, Pinterest itself doesn’t have its strategy yet in place for how it plans to monetize its own site, but with its rapidly growing user base it may be an area of opportunity for your business to get more engaged with your customers in a highly visual, interactive manner. Have you given Pinterest a try either personally or professionally? If so, let us know what you’ve found useful (or not useful) about the Pinterest experience!