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                    Th e Rea l-Li fe Virtu a l P in b oa rd




Wednesday, September 19, 12
Pinterest: What?
                    Virtual pinboard, invitation only

                    Users organize and share any image they find on
                    the internet and link back to the original page

                    Connects pinners in a social network

                    Allows users to browse pinboards created by
                    other people

                    Third most popular social network after
                    Facebook and Twitter (ahead of LinkedIn)

Wednesday, September 19, 12
Pinterest: Who?




                                                  Source:
                                                Infographic
                                                   Labs




Wednesday, September 19, 12
Pinterest: Where?




                                              Source: Infographic Labs




Wednesday, September 19, 12
Pinterest: When?




                                                 Source: Statista




Wednesday, September 19, 12
Pinterest: Why?

               Design

                   Simple, minimal effort, minimal distraction

                   Image take center stage

                   Action buttons remain hidden

                   Comments are minimal and stacked



Wednesday, September 19, 12
Pinterest: Why?




Wednesday, September 19, 12
Pinterest: Why?
               Critical Mass

                    Internet tendency toward
                    hoarding images and
                    content

                    100% personalized

                    User-generated content
                    e.g. Facebook

                        More content=more
                        frequent users

Wednesday, September 19, 12
Pinterest: Why?

                                               Refuge from Facebook/
                                               Twitter fatigue

                                                Constant relationship
                                                statuses, check-ins, vacation
                                                photos etc.

                                                Public preferences without
                                                worrying about truly
                                                personal content or privacy
            Source: Flowtown and Column Five




Wednesday, September 19, 12
Pinterest: Why?
                    Accessible but exclusive

                         Mobile apps, browser plug-in

                         Don’t have to access website to post content

                              Pinterest is always there, encouraging you to
                              pin

                         Easy, intuitive interface

                         Infinitely variable, predictably standardized

Wednesday, September 19, 12
Pinterest: Why?

                    Get popular

                         Social media famous

                         New pins go to front page

                         Mines Facebook automatically for new followers

                    I can do that! mentality

                         Desire to be more creative, do something new


Wednesday, September 19, 12
Pinterest: How?




                                            Source: MDG Advertising




Wednesday, September 19, 12
Personal Pinterest
              Using Pinterest for your personal brand
                   Showcase your work
                   Curate and update a reading list
                   Flaunt your creative and innovative spirit
                   Pin your CV or resume - especially if they are visual
                   Support your favorite charity/non-profit
                   Just pin
                        Latest online trends and issues     Source: Oscar Del Santo
                                                           personalbrandingblog.com




Wednesday, September 19, 12
Personal Pinterest
               Pinterest for men

                  Nothing inherently feminine about Pinterest’s model

                  Founded by two men

                  Product discovery—sports cars to Super Bowl parties

                  Filter—choose what you follow

                  Engage with like-minded strangers

                  Find out what she wants               Source: Seth Fiegerman,
                                                            Mainstreet.com



Wednesday, September 19, 12
Pinterest & Profit

               Gain more traffic—post images that link back to your
               site/link in title and description

                    Built-in “Pin-it” buttons

               Gain exposure, introduce potential customers to your
               brand

                    Free advertising to millions every day



Wednesday, September 19, 12
Pinterest & Profit

               Interact with customers—engage and foster loyalty

                    Feedback, discounts, contests

               Showcase company’s personality

                    Pinterest is about lifestyles

                    Peek behind the scenes of a brand
                                                        Source: Brian Gardner
                                                          briangardner.com



Wednesday, September 19, 12
Pinterest & Profit
                    Costco




Wednesday, September 19, 12
Pinterest & Profit
                    Lands’ End




Wednesday, September 19, 12
Pinterest & Profit
                    Fab




Wednesday, September 19, 12
Pinterest & Profit
               Visit Savannah
                    http://pinterest.com/visitsavannah/




Wednesday, September 19, 12
Pinterest & Profit
                Adobe
                     http://pinterest.com/adobe/




Wednesday, September 19, 12
Pinterest & Non-Profit
                    Raise awareness
                              Share who is affected, upcoming projects,
                              explain cause in a picture
                               e.g. animal shelters
                    In education
                         Organize ideas
                         Collaborate with others
           Source: OnlineUniversities




Wednesday, September 19, 12
Pinterest & Non-Profit
                Kauffman Foundation
                     http://pinterest.com/kauffmanfdn/




Wednesday, September 19, 12
Pinterest & Non-Profit




Wednesday, September 19, 12
Pinterest Problems
              Copyright issues

                   Often sharing content created by someone else, not personal experiences
                   like other social networks

                   Does not ask users to consider permissions before each pin

                   Places copyright responsibility on users

                        Difficult to defend in court-contributory infringement

                   “Nopin Code”

                        HTML snippet allows sites to block images from being pinned

                   Questions about compensation for image providers/third-party licensees
                                                 Source: PC World



Wednesday, September 19, 12
Pinterest Problems
               Pinterest’s Profits?

                   “Right now we are focused on growing Pinterest and making it more
                   valuable. To fund these efforts, we have taken outside investment
                   from entrepreneurs and venture capitalists...Even though making
                   money isn’t our top priority right now, it is a long term goal. After
                   all, we want Pinterest to be here to stay.”

               Difference between not having a business model and waiting to build
               the right one?

                        Charging advertisers: branded campaigns, outbound links
                        Charging e-commerce partners: affiliate links
                        Charging users: virtual goods, better tools, printed collections
                        Selling user data/analytics                       Source: econsultancy.com



Wednesday, September 19, 12

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The Real-Life Virtual Pinboard

  • 1. very ing Th e Rea l-Li fe Virtu a l P in b oa rd Wednesday, September 19, 12
  • 2. Pinterest: What? Virtual pinboard, invitation only Users organize and share any image they find on the internet and link back to the original page Connects pinners in a social network Allows users to browse pinboards created by other people Third most popular social network after Facebook and Twitter (ahead of LinkedIn) Wednesday, September 19, 12
  • 3. Pinterest: Who? Source: Infographic Labs Wednesday, September 19, 12
  • 4. Pinterest: Where? Source: Infographic Labs Wednesday, September 19, 12
  • 5. Pinterest: When? Source: Statista Wednesday, September 19, 12
  • 6. Pinterest: Why? Design Simple, minimal effort, minimal distraction Image take center stage Action buttons remain hidden Comments are minimal and stacked Wednesday, September 19, 12
  • 8. Pinterest: Why? Critical Mass Internet tendency toward hoarding images and content 100% personalized User-generated content e.g. Facebook More content=more frequent users Wednesday, September 19, 12
  • 9. Pinterest: Why? Refuge from Facebook/ Twitter fatigue Constant relationship statuses, check-ins, vacation photos etc. Public preferences without worrying about truly personal content or privacy Source: Flowtown and Column Five Wednesday, September 19, 12
  • 10. Pinterest: Why? Accessible but exclusive Mobile apps, browser plug-in Don’t have to access website to post content Pinterest is always there, encouraging you to pin Easy, intuitive interface Infinitely variable, predictably standardized Wednesday, September 19, 12
  • 11. Pinterest: Why? Get popular Social media famous New pins go to front page Mines Facebook automatically for new followers I can do that! mentality Desire to be more creative, do something new Wednesday, September 19, 12
  • 12. Pinterest: How? Source: MDG Advertising Wednesday, September 19, 12
  • 13. Personal Pinterest Using Pinterest for your personal brand Showcase your work Curate and update a reading list Flaunt your creative and innovative spirit Pin your CV or resume - especially if they are visual Support your favorite charity/non-profit Just pin Latest online trends and issues Source: Oscar Del Santo personalbrandingblog.com Wednesday, September 19, 12
  • 14. Personal Pinterest Pinterest for men Nothing inherently feminine about Pinterest’s model Founded by two men Product discovery—sports cars to Super Bowl parties Filter—choose what you follow Engage with like-minded strangers Find out what she wants Source: Seth Fiegerman, Mainstreet.com Wednesday, September 19, 12
  • 15. Pinterest & Profit Gain more traffic—post images that link back to your site/link in title and description Built-in “Pin-it” buttons Gain exposure, introduce potential customers to your brand Free advertising to millions every day Wednesday, September 19, 12
  • 16. Pinterest & Profit Interact with customers—engage and foster loyalty Feedback, discounts, contests Showcase company’s personality Pinterest is about lifestyles Peek behind the scenes of a brand Source: Brian Gardner briangardner.com Wednesday, September 19, 12
  • 17. Pinterest & Profit Costco Wednesday, September 19, 12
  • 18. Pinterest & Profit Lands’ End Wednesday, September 19, 12
  • 19. Pinterest & Profit Fab Wednesday, September 19, 12
  • 20. Pinterest & Profit Visit Savannah http://pinterest.com/visitsavannah/ Wednesday, September 19, 12
  • 21. Pinterest & Profit Adobe http://pinterest.com/adobe/ Wednesday, September 19, 12
  • 22. Pinterest & Non-Profit Raise awareness Share who is affected, upcoming projects, explain cause in a picture e.g. animal shelters In education Organize ideas Collaborate with others Source: OnlineUniversities Wednesday, September 19, 12
  • 23. Pinterest & Non-Profit Kauffman Foundation http://pinterest.com/kauffmanfdn/ Wednesday, September 19, 12
  • 25. Pinterest Problems Copyright issues Often sharing content created by someone else, not personal experiences like other social networks Does not ask users to consider permissions before each pin Places copyright responsibility on users Difficult to defend in court-contributory infringement “Nopin Code” HTML snippet allows sites to block images from being pinned Questions about compensation for image providers/third-party licensees Source: PC World Wednesday, September 19, 12
  • 26. Pinterest Problems Pinterest’s Profits? “Right now we are focused on growing Pinterest and making it more valuable. To fund these efforts, we have taken outside investment from entrepreneurs and venture capitalists...Even though making money isn’t our top priority right now, it is a long term goal. After all, we want Pinterest to be here to stay.” Difference between not having a business model and waiting to build the right one? Charging advertisers: branded campaigns, outbound links Charging e-commerce partners: affiliate links Charging users: virtual goods, better tools, printed collections Selling user data/analytics Source: econsultancy.com Wednesday, September 19, 12