Pinterest’s unique capabilities as a social shopping platform make it the gift that keeps on giving for brands and influencers who leverage the tool to increase ROI. In our experience, Pinterest leads all other social networks for driving traffic to our influencer community’s blogs: 67% of social referral traffic is directed from the platform.
We have studied the reach per influencer within our community, which has increased 1.3x from a year ago and 1.7x from two years ago. We have also seen the inclusion of “Promoted Pins” increase engagement in influencer campaigns by 1.8x, so it is clear that Pinterest is proving to be a top performing tool for both brands and influencers.
I recently spoke with Amy Vener, retail vertical strategy lead at Pinterest, to gain further insights into the platform. She shared, “200 million people around the world come to Pinterest monthly to plan meals, figure out what to wear, or how to style their homes. Shopping is a big part of this as people use Pinterest throughout the entire path to purchase, from inspiration to action. The visual nature of the platform helps people make discoveries, and oftentimes, those ideas inspire them to buy something. That’s what’s unique about Pinterest, it’s a completely organic part of the experience. Pinners can click through to the retailer's website, buy right on Pinterest, or go to the store—whatever's easiest.”
So, in what ways has Pinterest changed the online experience and expand the reach for brands?
“With Pinterest Lens, which uses your mobile camera to search for ideas using objects seen in the real world, we're offering even more ways for people to find products—including things they didn’t know about before,” says Vener. “While search engines rely on text, we're focused on the untapped potential of searching and discovering with your camera.
“Consumers want to be able to discover ideas that are personal to individual tastes and once they discover these ideas they want to be able to shop — anytime, anywhere. Today, the digital shopping experience isn't great, discovery is hard and taking an action once you do discover something is even harder. Pinterest is enabling more personalized shopping experiences through human curation and machine learning. We're building a visual discovery engine that takes on where search left off — helping people discover their style and ideas they love that they didn’t know existed.”
Pinterest is poised to be the platform to deliver the highest ROI among social platforms for retailers. It will be interesting to see how Pinterest balances the business need for monetization while protecting the inspirational, visual nature of the platform that was a huge attraction for its users.