Pioneers on Pinterest: How Early Adopters Are Seeing Success by PinLeague - AAF District 10 Tulsa 2013

Pioneers on
How early adopters are seeing success

Daniel Maloney,
PinLeague CEO & Co-founder

@PinLeague @danielpmaloney #AAF

@PinLeague #AAF 954-505-8008

This Presentation is
Interactive


Help Me Get to Know You

• Representing a Brand / Business
• Representing an Agency
• Representing a Service Provider


What do YOU want to discuss?

1. What Pinterest is (and isn’t)
2. Building Your Brand on Pinterest
3. Maximizing Pinterest ROI


Thank You!
Here’s A Gift

First Name + Email
(954) 505-8008


PinLeague makes
Pinterest Marketing
Easy

1. Mobilize Fan Base
2.Attract New Customers
3. Analytics & Insights


Data is at our Core

Analytics & Insights
Rich Social Data
Each Day… Audience Engine
>40 million Users
>75 million Pins
Social + Email

WHAT

IS
(AND ISN’T)


Fastest to 10 Million Monthly Users;
now >30 Million

12/2012

Source: http://compete.com


“It’s ADDICTIVE!”

Source: http://info.rjmetrics.com/blog/bid/52877/Pinterest-Data-Analysis-An-Inside-Look


It’s NOT Conversational

175
Repins per Comment

Source: PinLeague data, based on a sample size of 3.3 million pins

It’s NOT about Status Updates

5-25 minutes
5-25 mins 5-25 minutes

80 minutes
80 minutes

> 1 week

Sources: http://corp.klout.com/blog/2011/11/the-life-of-a-tweet/; http://www.marketingpilgrim.com/2011/04/new-study-half-life-of-a-facebook-post.html; Pin
League client data: internal + Google Analytics; based on a sample of client repins; April 2012


Pinterest is an Online Pinboard


Pinterest makes
…Life events
…Home Projects
…Shopping
…Gifting
…Education
…Self-identity
Social.


Pinterest makes

Discovery &
Planning
Social.


Fundamental Difference
What I’m doing

Who I am

Who I WANT TO BE


It’s Brand and Product Inclusive


More Referrals Per User,
More Revenue Per Referral
$179
Ratio: 14.0 Average Order Value
Referral Share to from Social Referrals
User Share

14x $69 $80
12.5x
1.0 1.1

Twitter Facebook Pinterest Twitter Facebook Pinterest

Source: http://blog.eloqua.com/pinterest-social-media-marketing/; http://activ8social.com/2012/09/25/pinterests-power-infographic/


Will You Invest in
Pinterest in 2013?
No.

Yes- Same as Today

Yes- More Than Today


How Does Pinterest Factor
into Your Social Media Mix?
Brand Messaging
Revenue Generator
Content Marketing
Customer Loyalty


Pinterest 600
Top 1,500 Brands on Pinterest
530
Adoption
is Growing 450 403
312
300

Our Estimate:
150 101 124
90% 0
83

penetration
Q1 Q2 Q3
in 2013
Have Profile Have 1,000+ Followers
Source: PinLeague research


Early Brand “Winners” Emerging
Women’s Magazine Brands: Conde Nast, Hearst, Meredith
Brand Followers
Harper’s Bazaar 4,966,568 Good News:
Better Homes & Gardens 347,527 Pinterest has started to
Country Living 251,165 promote early adopters
Seventeen 204,048
Marie Claire 197,913
Lucky Magazine 102,324
Bad News:
3 brands >25,000
This window of
8 brands >10,000
opportunity will close
17 brands <10,000
Source: Clarity Pinterest Analytics Dashboard - http://clarity.pinleague.com


80 / 20
80% of focus spent on Company profile / boards

80% of buzz and revenue from USER pins


Step 1: Know Your Audience

What’s being shared from your brand?

Who is doing the sharing?

What do those users engage with?


Get A Free Analytics Dashboard at
PinLeague.com


See Who’s Pinning About You,
What They’re Pinning


Step 2:
Design CONTENT for the User
5 things they LOVE +
5 things they have a hard time finding +
2 things about you

= Your First 12 Boards


Cover Photos are Critical

Source: http://mashable.com/2012/05/29/pinterest-eye-tracking-study/#view_as_one_page-gallery_box5709


Step 3: Engage Your Fan Base
Integration Contests & Charity

Cross-Platform


Contests Draw Short-Term Attention
Restaurant Chains on Pinterest –Followers in September
4,000 3,819
3,434
3,000
Then, flatlined again
Jumped to #2 with
2,000 “Pin it to Win It” 1,720
contest on their blog

1,000

0 421

panerabread maggianos pfchangs tgifridayspins chilis qdobamexgrill


NOTE!! NEW CONTEST RULES
Most “Pin 2 Win” contests by major brands
no longer meet the criteria
For example, you can’t…
• Restrict which content can be pinned
• Require >1 pin / repin / like / comment
• Require including the rules in comments
• Use repins / likes as votes or entries

Bit.ly/Pinterest-Contests


Honda Jumped to An Early Lead
Automotive Brands on Pinterest –Followers in September
6,000
5,384
5,044
5,000

4,000 "Pintermission:” A 24-hour break from
3,000
Pinterest to visit places or buy products
they've pinned about (with $500 cash)
2,000

1,000 1,545
312 And Jeep?
0

honda volkswagen porsche peugeotpanama officialmini jeep


Source: http://facebook.com/jeep


23k Likes later…

>1,000 Pinterest
followers in 2 days

Growth tripled
from 35 to 110 /wk



Step 4: Measure and Adjust

http://PinLeague.com


The Most Common Reason for
NOT Investing in Pinterest…

“I can’t justify the
ROI vs. Facebook or Twitter
where we have more followers.”


The Marginal Cost of Growth on
Pinterest is Lower then Facebook

$0.01 – 0.40 $0.50 – 2.50

So, the issue must be critical mass
Source: PinLeague data, http://www.emediavitals.com/content/price-facebook-fan


Energizing Your Base is the
Fastest Path to Critical Mass.

16k 471k
followers
2.1M
fans subscribers

*Twitter and e-mail available now, facebook coming soon


Most Companies use a single Blast;
this is a Flawed Approach

600k on “Yay!”
2.1 M Pinterest
E-mails
1.5M “Don’t SPAM
Not on
Me!”
Pinterest


But Each User is Unique;
Speak Their Language!

600k on
2.1 M Pinterest
E-mails
800k
1.5M Facebook
Not on
300k
Pinterest Twitter


2-3x growth rate
afterwards


Case Study: PinMail + Online Retail

60k +$11k / mo
Users Targeted on Pinterest

$1,800 +12k Pins
spend by users

Weekly +2,500
email sends followers


2nd Fastest Path to Critical Mass:
Influencer Recruitment

Simple Tip:

Engage followers
who haven’t yet
pinned from your
site with great
content


Audience Engine: Interest-Driven


Audience Engine: Interest-Driven
We love
burgers.

We pinned
content from
chilis.com

We pin about
food often = influencer


THE KEY TO PINTEREST ROI:
THE DATA


Pinterest Data In Action…
Applications
Content Analysis • SEO
• Content Strategy
• Product Testing
Influencer & Fan • Build Influencer Network
Identification • Expand Affiliate Network
Competitive • Merchandising
Intelligence • Track Campaign Effectiveness
• Recruit Competitors’ Customers


How Can I Help?
First Name + Email
(954) 505-8008

@danielpmaloney
danny@pinleague.com

Pioneers on Pinterest: How Early Adopters Are Seeing Success by PinLeague - AAF District 10 Tulsa 2013

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