‘Pinfluence’

According to the GlobalWebIndex, Pinterest has become the fastest growing social media platform in the world. Not Facebook. Not LinkedIn. Pinterest.

While Facebook still remains the most popular social networking site, with 62% of Internet users actively using the page, Pinterest’s active users grew 88% this year and is projected to continue to grow at such a high rate in 2014.

Why is Pinterest so popular?

Pinterest differs from most social media platforms as it’s not about sharing, it’s about collecting. The bonus is that other people can see what you’re collecting, and collect as well. For those not familiar with Pinterest, you can create boards such as ‘Travel’ or ‘Food’ and collect images that inspire you. You can choose to have your boards public (everyone on Pinterest can see them) or private (only you can see them).

Psychologically, people feel less exposed on Pinterest – they don’t need to hand over private details such as birthdates or include an image of themselves. There also seems to be less judgement on Pinterest in comparison to Facebook and Twitter because Pinterest is a site that people use for themselves, not to interact with others.

If we think about the majority of content on social media, images reign supreme. Social media has moved in a direction where visuals attract the most engagement. It’s no wonder a social media platform all about images is growing so quickly.

Pinterest is also an extremely powerful marketing tool. In fact, Pinterest does more than just spread brand awareness – it can directly influence sales. I like to think of this as ‘Pinfluence’ (I thought I coined this term but a Google search proved it’s been around for months).

According to a recent Harvard Business Review article, 21% of Pinterest users bought an item in a store after pinning, repinning or liking the item on the site. The site is acting like a user-generated catalogue for individuals. Individuals are searching products online, pinning the ones they like and then entering a physical store to purchase them. The article suggests that users pin 24% of their images from strangers, 19% from friends, and 7% from retailers. Consider the power and virality of a product image getting pinned just from one individual.

If this isn’t powerful enough, Pinterest is also a great SEO tool in driving traffic to your website. Pinterest was the 7th referral site for one of our clients, whose Pinterest page has only been active for 2 months.

If you’re still on the fence about Pinterest – create a page and have a play with it yourself. Some of the most popular boards are Travel, Fashion and Weddings. You might find that you have been ‘Pinfluenced’.

Contributor:

Sarah Brown, Account Coordinator for Stolen Quotes.