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Pinterest
An Introduction | July 10, 2012
By: Julia Russell
Agenda
•   Overview
•   Timeline History
•   The Average User Experience
•   Marketing Opportunities – Why is Pinterest so crucial for your brand?
•   Big Business – How are large companies utilizing the social space?
•   The Legal Deal – Concerns about Copyright Infringement
•   How to track your websites content on Pinterest
•   Agency Reach – Why should agencies get involved on Pinterest?
•   Agency Strategy
•   Closing thoughts and Demo
Overview
                                           • What is Pinterest and how do I use it?
                                               – Pinterest rhymes with interest, wink
                                               – It is essentially a categorical collage
                                                 for adults
                                           • What is a Pin?
                                               – Everything and anything
                                               – A visual representation of a thought,
                                                 idea, concept, or simply a beautiful
How to get started:                              photo
1. Sign up
                                           • What is a PinBoard?
2. Add the Pin It button to the
   bookmarks bar of your browser               – You can call it a digital bulletin board
3. Start pinning by either finding pins            • I.e. a board for cars, recipes, cute
   yourself (ie: browse the internet) or             animals, etc.
   explore Pinterest using the search
   button to find what others have             – Like a bookmarked reminder
   already pinned
Timeline History
            • Ben Silbermann and Evan Sharp created a website designed for visual collections.
 Nov 2009   • Ben’s fiancée came up with the name “Pinterest.”


            • “Closed Beta” launched
 Mar 2010



            • Named one of TIME Magazine’s “50 Best Websites of 2011”
 Aug 2011


            • Received $27m in funding from Andreessen Horowitz
 Oct 2011   • Sets company value to $200m

            • Launched as one of Facebook’s first Open Graph Timeline apps
 Jan 2012   • Named best New Startup of 2011 by TechCrunch


            • Officially drove more traffic to retailers than LinkedIn, YouTube and Google+
 Feb 2012



            • Valued between $1 - $1.5bn following a $100m round of funding
 May 2012
The Average User
Data Source:
Engauge
According to Marketing Mag:
Marketing Opportunities                                            “Brands using Pinterest to drive
                                                                    traffic to ecommerce sites are
• Pinterest drives traffic to your site                          reaping the rewards, with the one-
                                                                   year-old social network already
    – Especially good for:                                       driving more revenue per click than
        • E-commerce sites                                              Facebook and Twitter”
              • Drives purchase intent by converting Pinterest
                clicks into dollars in the Gift section
        • blogs
    – How it drives referral traffic?
        • By adding the pin-it button of course!
        • Pin-to-win contests

• Why would brands want to target people
  on Pinterest?
    – It contains a highly concentrated group of
      evangalists/ early adopters/ buyers/ and
      whatever else a brand could hope for
• Good for businesses with a traffic-based
  model
Big Business – How are they doing it?
• Learn what appeals to Pinterest users
• Take advantage of popular categories
• Be visual
Here are ten brands who have drawn in loads of
fans with Pinterest according to Online MBA:
   1.   Whole Foods           6.    Random House Books
   2.   Mashable              7.    Southwest Airlines
   3.   Nordstrom             8.    GE
   4.   Benjamin Moore        9.    Major League Baseball
   5.   The Weather Channel   10.   Wall Street Journal
The Legal Deal…
• Photographers, stock image providers and
  others are stating their concern over their
  copyrighted content being sourced by non-
  owners
• On Flickr, only content that is deemed 'safe,'
  'public' and has the sharing button enabled
  can be pinned to Pinterest
• Pinterest measures:
    – Take down policy
    – Protection via the Digital Millennium Copyright
      Act (DMCA).
• Beware of brand squatting
    – Regular people can grab your name with good/bad
      intentions
    – Suggestion: Grab your name anyway, whether you
      use it or not
How to Track Your Websites Content
4 ways to measure Pinterest using Google Analytics
        Referral Reports
                                               Measuring is critical. One way to do it
         Go to Traffic Sources > Sources >
                                                is to use Google Analytics on your
         Referrals report
                                                 website. There, you can see how
        Custom Reports                          much of your traffic is coming from
                                                 Pinterest. And if you’re actually
         Lets you get down to the specifics.    selling things on Pinterest you can
        Dashboards                                     measure that directly.
         You can add all the information you need to
         see on a regular basis just by adding widgets
         to your dashboard.
        Multi-Channel Funnels
         Pinterest primarily drives awareness of your
         brand/product/site, but people come back
         later to convert.
Other Ways to Track Influence and Analytics
• http://www.pinreach.com/ - demo
• http://www.pinerly.com/ - waiting list
• SEO: Pinterest can help build valuable backlinks
   – A backlink is created no matter what to the originating source
   – The more backlinks, the better chances your site will get
     ranked higher in search engine results
   – When users re-pin, each time this creates a new backlink
      • Imagine if your content went viral?
Agency Reach



    Why should an agency join Pinterest?
•   Establishing brand recognition
•   You’re reaching out to more people online
•   Connecting to target markets
•   Generating more links if pinned off of your own website
     –   Thus driving more traffic to the site
•   Potential for leads to come through
     –   Ability to pin a landing page perhaps
•   Example of one of the “first” Agencies to join Pinterest according to
    fuelingnewbusiness.com: http://pinterest.com/weareholler/
Agency / Brand Strategy
•   Goal What is the implementation goal? What can Pinterest provide the brand that is not offered
    elsewhere across the Web?
•   Editorial Team Who will participate in decision making for the platform and brainstorm board and pin
    topics? How often will the Editorial Team meet?
•   Audience Who are you trying to reach? (Demographics, psychographics)
•   Voice/Tone What is the personality you intend to portray? (Funny, serious, friendly, informative)
•   Content Strategy What boards will you create and what are the pins that best suit each board? (The
    number of boards and pins on each)
•   Contribution Allocation Who will contribute to each board? (Just the brand or will other people have
    rights to add pins and collaborate?)
•   Pin Recommendation & Approval Who will find, produce and recommend pins? Who will approve the
    pins prior to uploading?
•   Community Managers Who will monitor the page?
•   Pinning Calendar When will you post the boards and pins? (Timing and frequency)
•   Moderation Schedule How often will boards be monitored? How often will the community manager
    respond to comments?
•   Response What will you do if a user comments on a pin?
•   Follow Strategy Which user accounts will you follow to start? What is your ongoing strategy for following
    users?
•   Emergency Plan How will you react if there is a negative response to a pin or board?
•   Launch Plan How will you bring people to your page? (Other social channels, .com sites, in-store
    promotions, QR codes, email)
Closing Thoughts and Demo
• There is real value in the
  platform
• It is changing the social
  mix and almost entire
  marketing programs
• What’s the risk? – Nada!
Sources
•   http://mashable.com/?p=985417&preview=true
•   http://smallbiztrends.com/2012/05/the-truth-about-pinterest-for-your-small-
    business.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Fe
    ed%3A+SmallBusinessTrends+%28Small+Business+Trends%29
•   http://www.readwriteweb.com/archives/why-flickr-pinterest-need-each-
    other.php?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%
    3A+readwriteweb+%28ReadWriteWeb%29
•   http://www.readwriteweb.com/archives/pinterest-will-boost-your-referral-traffic-
    but-can-it-boost-
    sales.php?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%
    3A+readwriteweb+%28ReadWriteWeb%29
•   http://www.sydgill.com/whats-pinterest-and-how-do-i-use-it/
•   http://www.guardian.co.uk/technology/2012/may/17/pinterest-valued-at-more-
    than-1bn
•   http://www.verticalmeasures.com/webinars/marketing-your-brand-on-pinterest-
    may-10-2012/
•   http://www.engauge.com/assets/pdf/Engauge-Pinterest.pdf

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Introduction to Pinterest

  • 1. Pinterest An Introduction | July 10, 2012 By: Julia Russell
  • 2.
  • 3. Agenda • Overview • Timeline History • The Average User Experience • Marketing Opportunities – Why is Pinterest so crucial for your brand? • Big Business – How are large companies utilizing the social space? • The Legal Deal – Concerns about Copyright Infringement • How to track your websites content on Pinterest • Agency Reach – Why should agencies get involved on Pinterest? • Agency Strategy • Closing thoughts and Demo
  • 4. Overview • What is Pinterest and how do I use it? – Pinterest rhymes with interest, wink – It is essentially a categorical collage for adults • What is a Pin? – Everything and anything – A visual representation of a thought, idea, concept, or simply a beautiful How to get started: photo 1. Sign up • What is a PinBoard? 2. Add the Pin It button to the bookmarks bar of your browser – You can call it a digital bulletin board 3. Start pinning by either finding pins • I.e. a board for cars, recipes, cute yourself (ie: browse the internet) or animals, etc. explore Pinterest using the search button to find what others have – Like a bookmarked reminder already pinned
  • 5. Timeline History • Ben Silbermann and Evan Sharp created a website designed for visual collections. Nov 2009 • Ben’s fiancée came up with the name “Pinterest.” • “Closed Beta” launched Mar 2010 • Named one of TIME Magazine’s “50 Best Websites of 2011” Aug 2011 • Received $27m in funding from Andreessen Horowitz Oct 2011 • Sets company value to $200m • Launched as one of Facebook’s first Open Graph Timeline apps Jan 2012 • Named best New Startup of 2011 by TechCrunch • Officially drove more traffic to retailers than LinkedIn, YouTube and Google+ Feb 2012 • Valued between $1 - $1.5bn following a $100m round of funding May 2012
  • 6. The Average User Data Source: Engauge
  • 7. According to Marketing Mag: Marketing Opportunities “Brands using Pinterest to drive traffic to ecommerce sites are • Pinterest drives traffic to your site reaping the rewards, with the one- year-old social network already – Especially good for: driving more revenue per click than • E-commerce sites Facebook and Twitter” • Drives purchase intent by converting Pinterest clicks into dollars in the Gift section • blogs – How it drives referral traffic? • By adding the pin-it button of course! • Pin-to-win contests • Why would brands want to target people on Pinterest? – It contains a highly concentrated group of evangalists/ early adopters/ buyers/ and whatever else a brand could hope for • Good for businesses with a traffic-based model
  • 8. Big Business – How are they doing it? • Learn what appeals to Pinterest users • Take advantage of popular categories • Be visual Here are ten brands who have drawn in loads of fans with Pinterest according to Online MBA: 1. Whole Foods 6. Random House Books 2. Mashable 7. Southwest Airlines 3. Nordstrom 8. GE 4. Benjamin Moore 9. Major League Baseball 5. The Weather Channel 10. Wall Street Journal
  • 9. The Legal Deal… • Photographers, stock image providers and others are stating their concern over their copyrighted content being sourced by non- owners • On Flickr, only content that is deemed 'safe,' 'public' and has the sharing button enabled can be pinned to Pinterest • Pinterest measures: – Take down policy – Protection via the Digital Millennium Copyright Act (DMCA). • Beware of brand squatting – Regular people can grab your name with good/bad intentions – Suggestion: Grab your name anyway, whether you use it or not
  • 10. How to Track Your Websites Content 4 ways to measure Pinterest using Google Analytics Referral Reports Measuring is critical. One way to do it Go to Traffic Sources > Sources > is to use Google Analytics on your Referrals report website. There, you can see how Custom Reports much of your traffic is coming from Pinterest. And if you’re actually Lets you get down to the specifics. selling things on Pinterest you can Dashboards measure that directly. You can add all the information you need to see on a regular basis just by adding widgets to your dashboard. Multi-Channel Funnels Pinterest primarily drives awareness of your brand/product/site, but people come back later to convert.
  • 11. Other Ways to Track Influence and Analytics • http://www.pinreach.com/ - demo • http://www.pinerly.com/ - waiting list • SEO: Pinterest can help build valuable backlinks – A backlink is created no matter what to the originating source – The more backlinks, the better chances your site will get ranked higher in search engine results – When users re-pin, each time this creates a new backlink • Imagine if your content went viral?
  • 12. Agency Reach Why should an agency join Pinterest? • Establishing brand recognition • You’re reaching out to more people online • Connecting to target markets • Generating more links if pinned off of your own website – Thus driving more traffic to the site • Potential for leads to come through – Ability to pin a landing page perhaps • Example of one of the “first” Agencies to join Pinterest according to fuelingnewbusiness.com: http://pinterest.com/weareholler/
  • 13. Agency / Brand Strategy • Goal What is the implementation goal? What can Pinterest provide the brand that is not offered elsewhere across the Web? • Editorial Team Who will participate in decision making for the platform and brainstorm board and pin topics? How often will the Editorial Team meet? • Audience Who are you trying to reach? (Demographics, psychographics) • Voice/Tone What is the personality you intend to portray? (Funny, serious, friendly, informative) • Content Strategy What boards will you create and what are the pins that best suit each board? (The number of boards and pins on each) • Contribution Allocation Who will contribute to each board? (Just the brand or will other people have rights to add pins and collaborate?) • Pin Recommendation & Approval Who will find, produce and recommend pins? Who will approve the pins prior to uploading? • Community Managers Who will monitor the page? • Pinning Calendar When will you post the boards and pins? (Timing and frequency) • Moderation Schedule How often will boards be monitored? How often will the community manager respond to comments? • Response What will you do if a user comments on a pin? • Follow Strategy Which user accounts will you follow to start? What is your ongoing strategy for following users? • Emergency Plan How will you react if there is a negative response to a pin or board? • Launch Plan How will you bring people to your page? (Other social channels, .com sites, in-store promotions, QR codes, email)
  • 14. Closing Thoughts and Demo • There is real value in the platform • It is changing the social mix and almost entire marketing programs • What’s the risk? – Nada!
  • 15. Sources • http://mashable.com/?p=985417&preview=true • http://smallbiztrends.com/2012/05/the-truth-about-pinterest-for-your-small- business.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Fe ed%3A+SmallBusinessTrends+%28Small+Business+Trends%29 • http://www.readwriteweb.com/archives/why-flickr-pinterest-need-each- other.php?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed% 3A+readwriteweb+%28ReadWriteWeb%29 • http://www.readwriteweb.com/archives/pinterest-will-boost-your-referral-traffic- but-can-it-boost- sales.php?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed% 3A+readwriteweb+%28ReadWriteWeb%29 • http://www.sydgill.com/whats-pinterest-and-how-do-i-use-it/ • http://www.guardian.co.uk/technology/2012/may/17/pinterest-valued-at-more- than-1bn • http://www.verticalmeasures.com/webinars/marketing-your-brand-on-pinterest- may-10-2012/ • http://www.engauge.com/assets/pdf/Engauge-Pinterest.pdf

Notas del editor

  1. Attribution-Definition from Wikipedia.org
  2. Attribution-Comscore Data
  3. Attribution-Delphic Sage
  4. Attribution-Delphic Sage