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When it comes to a great idea, you know it when you see it
Akashdeep Mangat
Alysha Rajguru
Sagar Ghadge
A Business guide on
Pinterest is an online scrapbook
Pinterest is like a cork
board, where we can
organize and share
“Pin” images, articles
or videos that you like
or wish to look at later
but ONLINE
Share and organize beautiful things on the web
Women are three times more likely to be on
Pinterest than men
Under 44
years old
Active
Canadians
are female
Early
Adopters
Increase in
users
People made
purchase
77% 78% 34
%
40
%
1 of 2
Around 87% of Pinterest users purchase
somethings because of Pinterest
Connect with
respective
target audience
Online
catalogues for
products
Increase brand
awareness
User friendly
and free
marketing for
users
Keeps
businesses
informed on the
newest trends
Reasons why organizations should use Pinterest
The highest engagement of the users on
Pinterest is on Saturday
• According to Fannit,
best time to pin are
Saturday 2am-4am and
8pm-11pm
• According to SEJ,
Pinterest activities peak
at approximately 9pm
• The peak time to post
for fashion and retail is
Fridays at 3pm
Social media platforms can be evaluated
through various metrics
Reflects the total
number of
engagements you
get including taps
on your Pin to get
a closer look, clicks
through to your
website and saves
per paid
impression
Reflects the
number of clicks
to your website
you get per paid
impression.
Track the number
of actions
completed on your
website including
purchases, sign-
ups, downloads
and more that can
be attributed to
Promoted Pins.
Your effective cost
per action reflects
the total you’ve
spent per
conversion
gained.
Engagement Rate Click Through Rate Conversion Rate Cost Per Action
Pinterest analytics tool provides a thorough
analysis of posts
Pinterest
analytics tool is
only available for
registered
business
accounts
Average daily impressions
Audience locations
Gender and language of audience
Repins
Click through rate
All time statistics
Pinterest is an effective medium for B2C
organization
⅔ of all the
content people
Pin is from a
business’
website
Shopping:
Every day
nearly 2 million
people Pin
product rich
Pins
Articles: More
than 14 million
articles are
Pinned each
day
Each year,
Pinterest
serves more
than 1.5 trillion
recommendati
ons
80% of traffic
comes from
mobile
50 billion Pins
have been
collected by
people onto
more than 1
billion boards
LOWE'S SUCCESS STORY
• Lowe’s shopping campaign beats return on ad spend
goal
• +20% higher click through rate
• +76% higher return on ad spend than goal
• Shopping ads delivered a 20% higher click-through
rate
• Cost per click was 43% lower
• Shopping Campaigns: Targeted to search,
and direct message ads to consumers looking to
purchase
• To encourage website visits, Lowe’s marketing team
formatted ads as One-tap Promoted Pins. This format,
on average,
increases click-through rates by 298%
•Boards 68
•Pins 20,39,396
•Followers 34,36,338
Promoted pins first entered the Canadian
market on December 1st 2016
Pick a Pin
• Promote your best Pins so they appear in the most relevant places.
Decide who sees it
• Set up targeting so that the right people see your Promoted Pin.
Pay for results
Choose to pay for engagement or visits to your site from the
options
Track what's working
• Once your campaign starts, see how it's doing and make
Pinterest is free of
cost for personal
and business
profiles
Pinterest does have
paid promoted
pins.
An organization can take the help of this
video to get to know more about Pinterest
Pinterest Ads
Tutorial 2018 -
How to Set Up
Pinterest
Advertising
Traffic
Campaigns
https://www.youtube.com/watch?v=FUhtI-McVDA&t=252s
https://www.youtube.com/watch?v=FUhtI-McVDA&t=252s
https://www.youtube.com/watch?v=FUhtI-McVDA&t=252s
https://www.youtube.com/watch?v=FUhtI-McVDA&t=252s
Appendices
• •https://www.diy.com/departments/photographic-pinboard-wallpaper/1521340_BQ.prd
• •McKinnon, Melody. Pinterest Use in Canada is Growing Rapidly (Statistics), Sept. 2016,
canadiansinternet.com/pinterest-use-canada-growing-statistics/. Accessed 1 Feb. 2018.
• •Why advertise on Pinterest?, https://business.pinterest.com/en/why-advertise-on-pinterest. Accessed 1 Feb. 2018.
• •Kolowich, Lindsay. The Best Time to Post on Instagram, Facebook, Twitter, LinkedIn, Pinterest, and Google+
[Infographic], 26 Jan. 2017, https://blog.hubspot.com/marketing/best-times-post-pin-tweet-social-media-
infographic. Accessed 1 Feb. 2018.
• •Evaluate your Promoted Pin performance in Ads Manager, 24 July 2017,
https://business.pinterest.com/en/blog/evaluate-your-promoted-pin-performance-in-ads-manager. Accessed 2
Feb. 2018.
• •https://justagirlandherblog.com/pinterest-analytics/
• •Pinterest Business, https://business.pinterest.com/en/success-stories/lowes. Accessed 2 Feb. 2018.
• •Reach more people with Promoted Pins, Pinterest Analytics, https://ads.pinterest.com. Accessed 2 Feb. 2018.
• About Pinterest, Pinterest, https://about.pinterest.com/en. Accessed 2 Feb. 2018

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MKM915 - A business guide for Pinterest

  • 1. When it comes to a great idea, you know it when you see it Akashdeep Mangat Alysha Rajguru Sagar Ghadge A Business guide on
  • 2. Pinterest is an online scrapbook Pinterest is like a cork board, where we can organize and share “Pin” images, articles or videos that you like or wish to look at later but ONLINE Share and organize beautiful things on the web
  • 3. Women are three times more likely to be on Pinterest than men Under 44 years old Active Canadians are female Early Adopters Increase in users People made purchase 77% 78% 34 % 40 % 1 of 2
  • 4. Around 87% of Pinterest users purchase somethings because of Pinterest Connect with respective target audience Online catalogues for products Increase brand awareness User friendly and free marketing for users Keeps businesses informed on the newest trends Reasons why organizations should use Pinterest
  • 5. The highest engagement of the users on Pinterest is on Saturday • According to Fannit, best time to pin are Saturday 2am-4am and 8pm-11pm • According to SEJ, Pinterest activities peak at approximately 9pm • The peak time to post for fashion and retail is Fridays at 3pm
  • 6. Social media platforms can be evaluated through various metrics Reflects the total number of engagements you get including taps on your Pin to get a closer look, clicks through to your website and saves per paid impression Reflects the number of clicks to your website you get per paid impression. Track the number of actions completed on your website including purchases, sign- ups, downloads and more that can be attributed to Promoted Pins. Your effective cost per action reflects the total you’ve spent per conversion gained. Engagement Rate Click Through Rate Conversion Rate Cost Per Action
  • 7. Pinterest analytics tool provides a thorough analysis of posts Pinterest analytics tool is only available for registered business accounts Average daily impressions Audience locations Gender and language of audience Repins Click through rate All time statistics
  • 8. Pinterest is an effective medium for B2C organization ⅔ of all the content people Pin is from a business’ website Shopping: Every day nearly 2 million people Pin product rich Pins Articles: More than 14 million articles are Pinned each day Each year, Pinterest serves more than 1.5 trillion recommendati ons 80% of traffic comes from mobile 50 billion Pins have been collected by people onto more than 1 billion boards
  • 9. LOWE'S SUCCESS STORY • Lowe’s shopping campaign beats return on ad spend goal • +20% higher click through rate • +76% higher return on ad spend than goal • Shopping ads delivered a 20% higher click-through rate • Cost per click was 43% lower • Shopping Campaigns: Targeted to search, and direct message ads to consumers looking to purchase • To encourage website visits, Lowe’s marketing team formatted ads as One-tap Promoted Pins. This format, on average, increases click-through rates by 298% •Boards 68 •Pins 20,39,396 •Followers 34,36,338
  • 10. Promoted pins first entered the Canadian market on December 1st 2016 Pick a Pin • Promote your best Pins so they appear in the most relevant places. Decide who sees it • Set up targeting so that the right people see your Promoted Pin. Pay for results Choose to pay for engagement or visits to your site from the options Track what's working • Once your campaign starts, see how it's doing and make Pinterest is free of cost for personal and business profiles Pinterest does have paid promoted pins.
  • 11. An organization can take the help of this video to get to know more about Pinterest Pinterest Ads Tutorial 2018 - How to Set Up Pinterest Advertising Traffic Campaigns https://www.youtube.com/watch?v=FUhtI-McVDA&t=252s https://www.youtube.com/watch?v=FUhtI-McVDA&t=252s https://www.youtube.com/watch?v=FUhtI-McVDA&t=252s https://www.youtube.com/watch?v=FUhtI-McVDA&t=252s
  • 12. Appendices • •https://www.diy.com/departments/photographic-pinboard-wallpaper/1521340_BQ.prd • •McKinnon, Melody. Pinterest Use in Canada is Growing Rapidly (Statistics), Sept. 2016, canadiansinternet.com/pinterest-use-canada-growing-statistics/. Accessed 1 Feb. 2018. • •Why advertise on Pinterest?, https://business.pinterest.com/en/why-advertise-on-pinterest. Accessed 1 Feb. 2018. • •Kolowich, Lindsay. The Best Time to Post on Instagram, Facebook, Twitter, LinkedIn, Pinterest, and Google+ [Infographic], 26 Jan. 2017, https://blog.hubspot.com/marketing/best-times-post-pin-tweet-social-media- infographic. Accessed 1 Feb. 2018. • •Evaluate your Promoted Pin performance in Ads Manager, 24 July 2017, https://business.pinterest.com/en/blog/evaluate-your-promoted-pin-performance-in-ads-manager. Accessed 2 Feb. 2018. • •https://justagirlandherblog.com/pinterest-analytics/ • •Pinterest Business, https://business.pinterest.com/en/success-stories/lowes. Accessed 2 Feb. 2018. • •Reach more people with Promoted Pins, Pinterest Analytics, https://ads.pinterest.com. Accessed 2 Feb. 2018. • About Pinterest, Pinterest, https://about.pinterest.com/en. Accessed 2 Feb. 2018