Marketing

From Social Media to Tangible Outcomes, The Power of Pinterest

“Pinterest is a tool for collecting and organizing things you love.” (Pinterest)

By now, most people have heard of Pinterest, a social media platform that lets users pin items to pin boards in an image format.  Since going live three years ago (March 2010), Pinterest has managed to garner a loyal following with over 70 million users and growing (TheNextWeb).

Females pin the way

The Pinterest user is predominately female.  Women are 5 times more likely to use Pinterest than men (mediabistro). In a recent survey, 53% of women said that they have made a purchase based on a recommendation from Pinterest (Blogher).  As well, over 50% of female users consider Pinterest a source of entertainment (Blogher).  The average user spends 14.2 minutes on the site per visit (Pinterest Insider).

Will Pinterest be the bridge between e-commerce and in-store retail?

Pinterest Nordstrom

Image: Nordstrom’s “Popular on Pinterest” in-store tag

Social media has infiltrated the bricks and mortar arena.  Nordstrom is leading the way on Pinterest with over 4.4 million followers.  In store, popular Pinterest items are marked with ‘Popular on Pinterest’ tags.  According to Bryan Galipeau, social media manager at Nordstrom,”The customer is voting with their pins to tell us what they think is hot – and we’re listening closely… It’s always really exciting to see what they pin” (Business Insider).  The Pinterest tags will first appear in the women’s shoes and handbag departments.  Galipeau recognizes the power of Pinterest and bridging the social and retail as one seamless experience, “Pinterest is in many ways the world’s biggest wish list – and so it also fits well with our goal of having our merchandise show up in our customer’s wish lists” (Business Insider).  

E-Commerce + Pinterest = Awesome, according to Target

Target is another retailer that understands the impact of Pinterest.  The company recently launched an e-commerce site Target Awesome Shop (in beta).  Users can scroll over popular items to read reviews and make a purchase.

Target Pinterest

According to A Bullseye View, Behind the Scenes at Target, “each item featured in the Target Awesome Shop is one of the most-pinned Target.com products on Pinterest in the last few days… Target Awesome Shop only includes products that have at least a 4-star guest review (or no reviews so far) so you’re getting a double stamp of approval” (A Bullseye View).

There is a strong future for retail and Pinterest

Headlines are popping up regarding the future of Pinterest and its potential to drive sales and business growth.  In 2014, there will be more brands trying to grow their presence on Pinterest to increase social/retail engagement and generate revenue.  Here are just a few articles for further reading:

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s