What is Pinterest?

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The surprise smash-hit social networking site of 2011 wasn’t Twitter, Tumblr or Google+. Pinterest has skyrocketed into the top ten most visited social networks of the past year and continues to gain traction and popularity.

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The surprise smash-hit social networking site of 2011 wasn’t Twitter, Tumblr or Google+. Pinterest has skyrocketed into the top ten most visited social networks of the past year and continues to gain traction and popularity. What is Pinterest?. - PowerPoint PPT Presentation

Transcript of What is Pinterest?

Page 1: What is Pinterest?

The surprise smash-hit social networking site of 2011 wasn’t Twitter, Tumblr or Google+. Pinterest has skyrocketed into the top ten most visited social networks of the past year and continues to gain traction and popularity.

Page 2: What is Pinterest?

What is Pinterest?• Pinterest is photo sharing website and app where users create and

manage theme-based image collections or “Boards”

• Users create “Boards” like Places I’d Like to Visit, Pretty Dresses, My Cookie Creations, etc. and post relevant photos on them

• A “Pin It” bookmark is necessary to grab an image and source-link from a website to add it to your board.

• Users can view and follow collections others have created.

• Users may also “Repin” items from other people’s boards.

• Like twitter, there are "followers."

• Like Facebook, users can "like" images

• http://www.wtvr.com/news/wtvr-the-sticking-interest-in-pinterest-20120122,0,7043561.story

Page 3: What is Pinterest?

History• Work began in December 2009 after raising $10 million in its Series A

funding

• Achieved closed beta status in March 2010.

• Proceeded to operate in invitation-only open beta but eventually made registration possible after an email request.

• On August 16, 2011, Time Magazine published Pinterest in its "50 Best Websites of 2011" column.

• In October 2011, the company secured $27 million in funding from Andreessen Horowitz, which valued the company at $200 million.

• In December 2011, the site entered the top 10 social networks according to Hitwise data with 11 million total visits

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Pinterest Traffic Surpasses Flickr

According to Google trends, Pinterest has now surpassed other popular image-sharing sites like Flickr

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Pinterest Demographics

• Users are approximately 59% women • Typical ages range between 25 and 44 • Appeals more to educated Caucasians under the

age of 35 who have incomes between $30,000-100,000 (Alexa).

• Approximately 77% of visitors are in the United States, particularly the NE and SW

• http://mashable.com/2011/12/22/pinterest-video/

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Using Pinterest for Marketing

• Wedding themed• Technology• Sports• Healthcare• Personal Care• Home Improvement/DIY

Accessories

• Apparel – men’s, women’s and children’s

• Food/beverages, especially recipe driven

• Architecture• Interior design• Pets• Kids products/toys• Travel

Visually oriented verticals are well suited

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Best Practices for Brands

Best Practices – Pinning from various sources rather than one specific site.

– Repinning from within the site is how any user really builds his/her network of followers.

– Creating a few boards that cover a broad range of interests, rather than maintaining a single board devoted to one topic.

Top Brands– Pinterest has identified the following brands that it believes are

following the site’s “best practices” http://mashable.com/2012/01/09/the-top-brands-on-pinterest

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Case Study

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DRUGSTRE.COM- OUR PARENT COMPANY:DRUGSTORE.COM- OUR PARENT COMPANY:

Our Growth Strategy

• Largest assortment of any single retailer

• Organic growth through brand and assortment expansion.

• Leverage our knowledge of mass/clinical/spa/prestige.

.

WE HAVE CREATED A UNIQUE ONLINE BEAUTY BUSINESS.

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WE HAVE DEEP DIRECT RELATIONSHIPS WITH PRESTIGUE BRANDS.

NEW! NEW! NEW! NEW!

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WE ARE FOCUSED ON EDUCATIONAL AND EDITORIAL CONTENT

Personalized Beauty• Skin care Analysis• Hair care Consultation•Shop from Your List TM

Expert Advice:• CEW Award Winners•Latest Trends• Video library• Industry Insiders• Staff picks• Chat with a Beauty Advisor

Shop Beauty Best Buys: •Gifts with Purchase• Final Clearance• Value Sets

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Beauty.com Demographic

• Our customer is an affluent, educated, career minded woman.– 96% female – Average age is 38– Average household income $100,000+ – 82% college educated– More than 65% work full time

Page 13: What is Pinterest?

Pinterest Plans for Beauty.com• 5 boards dedicated to primary categories (hair, skin-care, makeup,

accessories, nails)• 5-6 other boards with categories like

– how-to’s

– red carpet looks

– date night

– expert picks & celebrity picks

– new look Friday

– color trends

• As events like Fashion Week or Award Season comes around, create new boards for these events

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How To’s

• How to’s can include:– wedding looks– date night looks,– hair tutorials– skin care regimens,– nail looks– sunglasses with face shapes

• Publish daily/weekly

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Expert Picks

• Celebrity make-up artist Debra Macki http://pinterest.com/debramacki/

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Fashion Week Strategy• Use Picframe to put

multiple photos into one (hair look, nail look, etc) for one photo that’s easy to repin

• Use Phonto to add text to the pictures for easy repining

• Shanti to attend show and pin live

http://pinterest.com/pinmydesk/new-york-fashion-week-picks/

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Content Strategy• Repinning our followers’ images as well as brands/bloggers we

follow will be a strong part of community building

• Shanti, Sam, Andrea and Tanya in charge of finding content and posting regularly with products, blogs, press items, etc. that fit into targeted categories

• Besides posting product images to our page for commerce purposes, the following content-heavy pages are the types that we’ll also want to pin:– Trends pages– Expert picks– Staff picks– How to videos – Fashion week coverage– What’s in/what’s out

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Fan Acquisition Strategy• Target current fan bases from Facebook, Twitter & Email by posting

links to the Beauty.com Pinterest profile• “Pinning” contests

– Tarte Cosmetics http://tartecosmetics.com/blog/2012/01/17/congratulations-to-our-pinning-on-the-glitz-with-tarte-sweepstakes-winners/)

– Lands’ End Pin It to Win It contest, participants were encouraged to browse the Lands’ End site, create pins of items they liked and the most creative and stylish entries won $250 of shopping vouchers.

• Build strong relationships in the Pinterest community through repining, “liking” and following

• Add a “Pin it” button to Beauty.com pages

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Beauty.com Boards

http://pinterest.com/beautydotcom/

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Benefits

• User Engagement• Traffic to Beauty.com• SEO?

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SEO & Pinterest

• Currently, the links that are included when someone pins a page are “do-follow,”

• For each image you pin, add a description, containing key phrases in an authentic way.

• The more repins you get, the more links you will have, since a repin keeps the source link attribute with the image.

• Increased traffic

• Potentially valuable social media signals