Thursday, December 19, 2013

The role of PInterest


Pinterest is a great site for sharing images and tagging them. Visual search is a wonderful tool. Pinterest takes visual search and adds a layer of curation that is done by individuals in contrast to Google images which is algorithm based. The ability to follow people who have an expertise in particular areas enables a user to identify visual images that are much more customized to their areas of interest. This is a powerful tool for retailers. The larger the number of products being added on the pages of people who are broadly followed the larger the number of potential consumers who will see the products. To increase the return, it’s important that retailers make their branding obvious through hashtags or labels in the photo. This way the image always reminds the viewer who sells the product. Coming up with interesting images to promote products can lead to strong sharing and significant exposure for brands.

Smart marketers are using the sites to drive "social shopping" and inspire people to collect and share pictures of their favorite products. Pinterest has over 53 million monthly unique users globally, with three quarters of usage coming through its mobile app. All companies with consumer products should be interacting with Pinterest given the majority of users are women who typically make the household purchase decisions.

Some brands have embraced the opportunity. For example, the Martha Stewart brand has a huge Pinterest profile with more than 126 boards and almost 13,000 pins. This has helped them reach almost half a million followers. More is better when it comes to Pinterest. For large numbers of boards and pins, organization is key. Each pin needs to serve a purpose and be visually interesting.

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