9 Proven Ways for Businesses to Attract Attention on Pinterest

By now you’ve probably heard plenty about Pinterest — the new social media platform that acts like a virtual pinboard. Pinterest lets users pull photos and other content from the web to “pin” on their own “board,” organizing their favorite online content and making it all easily shareable.

America’s now 3rd most popular social media darling at 104 Million visits in March 2012, behind Facebook (700 Billion visits) and Twitter (182 Million), can also be an attractive proposition for small businesses who want to get the word out about their products.

Source: Experian Hitwise

Why You Can’t Afford To Ignore Pinterest:  

• Pinterest grew to 10 million users faster than any other independent website in history.
• According to Mashable.com, most users are spending more time on Pinterest than Facebook.
• Nearly 12 million monthly unique visitors.
• Daily users have increased by more than 145% since the start of 2012

Here’s What Pinterest Can Do For Your Business:

• Drive a massive and consistant stream of quality traffic to your site.
• Sends quality traffic that can turn into more sales.  In the last six months, the retail deal site ideeli.com has seen a 446% increase in traffic from Pinterest and sales resulting from those visits have increased by 500%.
• Provides a platform to establish your credibility, build relationships with prospective customers, and become a leader in your industry. 

“A Pinterest board is a screamingly obvious setup for an online catalog.

Click a Photo and Jump to a Page where you can buy it.”

New York Times



Here are nine proven ways to attract the attention of your target market, improve your click-throughs, and spread the word about a new product or service:

  

1. Spend the time

Like any social network, and maybe even more with this demographic, Pinterest.com requires an investment in time. Jason White, who owns Quality Woven Labels, says one key is to build relationships with those who are known for quality “pins” at the site. He says, once these movers and shakers get to know you and your business, they will be more likely to post about your product. White says to focus on the users who get the most likes and repins.

  

"All of these repins and likes share a common interest, making it easier to take the conversation to Twitter or Facebook to nurture the relationship," he says. "Like everything else, be real and show your true self. Authenticity is hugely important."

  

2. Keep it simple

The main appeal of Pinterest is that the site is exceptionally easy to use. Everyone has a “board” where they pin images that are all the same size. Hana Abaza, the co-founder and CEO of Wedding Republic, says it's best to mimic Pinterest's uncluttered aesthetic, so she creates boards that are clean and elegant looking. Each pinned photo includes one link back to her site (you click once to see the pin page, and again to see the source site). Abaza says Pinterest dramatically boosted page views. Through her social media efforts she saw a 75 percent increase in traffic, with Pinterest generating most of that.

  

3. Connect your physical presence with your online presence

It’s important to connect the dots between a physical location and your Pinterest page. Becca Bijoch does public relations for the Minneapolis store Creative Kidstuff. Often the physical store will feature online ads and Pinterest promotions. Soon the company website will feature Pinterest buttons. So far, the campaign has yielded about 150 extra page views directly from Pinterest and two direct sales. Not astounding, but that's only after using the site for about 30 days.

  

4. Make sure your business is a match

This tip might seem obvious, but Pinterest caters to those looking for recipes, room décor, and do-it-yourself crafts - those businesses that flourish leveraging high-impact images. If your company sells power sanders, you might not be a good fit. Quality Woven Labels, which makes tags for custom clothing, has been able to use Pinterest to connect with the perfect demographic: independent fashion designers.

Pinterest also has a higher female to male demographic.  Some estimate a 60/40 split.

  

5. Use other social nets to feed Pinterest

The new kid on the block may be getting all of the hype, but existing social networks have one advantage: a vast number of users. Justin Palmer, the online awareness director at Sevenly, a custom T-Shirt shop, says to get the most number of eyeballs his company uses Tumblr and Facebook to point people to Pinterest.

Integrated marketing is key to all you do!

  

6. Launch a daily pin theme

Sevenly has created a daily pin to promote its brand. The idea is to come up with a catchy slogan that is tied to the organization's charity work and memorable enough so that the images get re-pinned. The daily themed pins usually lead to repeat visitors. Sevenly also posts a weekly custom-designed t-shirt, which is often re-pinned by other Pinterest users. Bonus: They come back often looking for the new one.

  

7. Promote more than products

The temptation for any business is to post pins only for products you sell. Giselle Gonzalez is a promoter for Cakestyle, a company that makes wardrobe suggestions for women, and says one key is to post interesting news tidbits, tips, and products from other companies. She says Pinterest users are savvy in spotting a board that is too self-serving and only posts product photos.

  

8. Follow the big hitters

One of the best ways to raise awareness about your company is to start following the big names on Pinterest. This is the proven method on Twitter: When you follow popular figures, and they follow you back, other Twitter users get the message and follow the leader. Sevenly’s Palmer says it’s important to find out who is “pinning” your products and to follow them to see if they follow you back. Most do, he says.

  

9. Selective curating

Pinterest caters to those who love to “curate” or weed out the good from the bad. Presenza, a custom clothing designer, finds unique products beyond their own offering and pins them. The company also uses key phrases on their board like “made in the USA” and “defining confidence” to help define the brand.

Given the current media landscape, PHANTOM POWER is highly adept at reprioritizing marketing initiatives to meet the changing priorities of target audience behavior.  We stay ahead of the trends to get your message heard via multiple channels. 

PHANTOM POWER

Marketing by Design

www.phantompower.co   

How to Monetize Social Media

As someone who provides Social Media Marketing solutions, both on behalf of employing organizations and clients, I am often asked... "OK, I am onboard, but how do you make money from all of this?"

I am a disciple of Inbound Marketing.  I believe in this day and age this is a philosophy that works.  It's simple in theory; create great content, promote that content via social media, attract qualified leads and convert those leads into customers.  Many Marketers out there work in conjunction with sales.  I personally have been in positions where the Marketers job ends at garnering qualified leads and passing those leads off to sales to close.  But Marketers are often tested by sales... what am I supposed to do with this information.  Marketers are often frustrated by sales when they don't jump on such qualified lead data... this is an age old quandry between the two departments and why I contend there must be a happy marriage between the two departments... but that is a story for another day.

Today's story... How Marketers can help themselves by helping sales monetize their social media efforts.

Companies are not only getting the word out about their brands using social media such as Facebook and Twitter but are also making money.

Many businesses have not found sites such as Facebook, Twitter and YouTube useful in making money. Building genuine online relationships that are also good for the bottom line is not so easy. There is a lot of trial and error. But while monetizing social media is difficult it is not impossible. There are companies that are getting the word out about their brands using social media and are turning a profit.

Take The New York Jets. The NFL team launched their Ultimate Fan social game in September 2010, which was the first revenue generating Facebook app to be backed by a pro sports team. The application lets football fans do online what they would normally do at home and in stadiums—root for their favorite teams and players, predict game scores, and hold a virtual tailgate party with other fans from across the globe. Ultimate Fan has since lured four major sponsors integrating their brands: MetLife, Motorola, SNY and HotelPlanner.com.

The Jets also communicate regularly on Twitter. They even advertised a Twitter-based contest to win tickets to their 2011 AFC playoff championship game against the Pittsburgh Steelers. The Jets are able to engage with their fans and make them feel like they are part of the team. They are leveraging social medial to capitalize on their fans' passion for the team and their willingness to share that fervor.

Like many companies, your social media efforts have started small and grew organically. To capitalize on those efforts to generate sales and revenues you need to have a team of people dedicated to your social media presence. You also will need a deep understanding of your audience, a creative vision, and a way to measure results in order to execute a successful strategy.

Here are some ways your social media can be monetized…

How to Monetize Social Media: Build Brand Awareness

The first step is to use traditional media or word-of-mouth advertising to drive awareness and traffic to your Twitter, Facebook, and YouTube pages. Unless you already have a recognizable brand like Nike or Apple, your brand needs to develop social media magnetism before you can look to make any money. You also need to create circular momentum across many platforms when designing your social media campaign. By providing multiple channels for users to talk with you, you let customers choose the channel that they are most comfortable with, by doing this you increase the likelihood that they'll connect with your brand in any number of ways.

How to Monetize Social Media: Engage Your Audience

Social media is about having a dialogue. When you have a dialogue with a customer or prospect, the communication is much more fulfilling and much more profitable. The PETCO brand has developed a strong presence in social media. The pet store chain has a YouTube channel, its Facebook page generates a lot of discussions among pet owners, and there's lots of activity on its PETCO Scoop Blog, which has received hundreds of “Likes” and Comments. PETCO's customers are true pet lovers and treat their pets as part of the family. The company tries to keep conversation going by aiming Facebook and Twitter posts so that there's an explicit question to answer, or at least a specific piece of information to which people can react. You have to know your community and know how to take part within that community and through that create great content or conversation that will raise awareness and increase sales.

How to Monetize Social Media: Offer Special Promotions

Dell Computers exemplifies a company that is selling products using social media. Its Twitter page, @DellOutlet, offers discounts exclusively to followers. Dell might tweet 15 percent off any Dell Outlet laptop or desktop with a special coupon code entered at checkout so they'll know which tweet you are seeing. @DellOutlet also points you to a specific web page. There is some interaction in terms of chats with tweeters. @DellOutlet has garnered more than 1.6 million followers and generated more than $2 million in incremental revenues for Dell. Traditionally, Dell would have spent a lot of money running print ads. Today, they can write a 140-character promotion to reach customers.

PETCO is yet another example. The company provided a promo code to their customers for $40 in free shipping. The person who shared their code with the most people won a $500 PETCO gift card. About 40% of the sales that resulted from this promotional push came from new consumers. The desire to save a few bucks drove loyal PETCO customers to connect with the larger pet owner community and spread the word about the store via social media.

How to Monetize Social Media: Use Media Advertising

Many companies have used display advertising (banners) and contextual advertising such as Google AdWords. Many bloggers use Google Adsense to make money. There are plugins to help; you make money from clicks. There are also ad networks that you can join that pool several advertisers. You get a code and banner ads rotate from their network. This is an item that you will want to include in your advertising rate sheet. Major advertisers who buy display ads are finally beginning to figure out how to reach audiences through social networks, and have begun to shift significant dollars into Facebook.

Instead of a typical banner ad, consider offering a microsite, which would be equivalent to a paid supplement. For example, you could devote one page (a link on your website) specifically to an advertiser's products and services. Or you can become an affiliate. With affiliate marketing you get paid to refer people to another business.

Consider combining rich media advertising with display advertising. Video advertising and promotional material can be quickly and easily streamed to your social community. Another consideration is charging for sponsorship on a monthly, quarterly, or annual basis. Of course, attention needs to be paid between balancing the delivery of the rich media advertising against the comfort level of your customer base.

How to Monetize Social Media: Brand Within Applications

The best way to use apps is to create something that is functional such as a calculator, entertaining such as a game, or provides some sort of social connection such as an app just for your community. Your app can be fee based or you can give it away to build a relationship with customers. A number of well-known company brands use mobile apps to interact with their loyal customers, including Target, Coca-Cola, Nike and Gucci.

The fashion designer touts a luxury lifestyle application that is a quintessential example of branded mobile marketing. Through "Gucci Connect" users were able use their mobile devices, such as iPhone or iPad, for virtual access of a Milan fashion show, watch live runway and behind the scenes video coupled with live chat between virtual guests through Facebook and Twitter. Exclusive also to iPhone app subscribers are interactive games. The "Gucci Live" section features a music channel. Subscribers stay "in the know" with a calendar of upcoming brand events and feature articles. The Gucci "Little Black Book" provides recommendations to the hottest restaurants, nightclubs, and hotels in various cities throughout the world.

How to Monetize Social Media: Set Up Shop on Facebook

Facebook fan pages are another way to generate sales and enthusiasm especially if you have loyal fans that follow your updates. You can list your products on your Facebook page for fans to easily share with their own friends and essentially allow your product offerings to go viral.

Businesses are increasingly selling their goods on Facebook. There are various e-commerce solutions available. One is 8thBridge which is helping companies like 1-800-Flowers and HuateLook sell from Facebook. A special deal 8thBridge ran for the designer brands retailer HauteLook along with fashion designer Diane von Furstenberg generated more than $100,000 in sales in one day, 40 percent of which came from new customers. Users were given a $10 coupon for every new member that they brought in. Using 8thBridge, 1-800-Flowers is drawing people into buying flowers and other gifts for friends and family while they are already thinking about them on Facebook.

Payvment is another storefront option that provides online stores for companies to sell on Facebook. It has a network of more than 60,000 merchants using its self-serve technology. Payvment generally serves smaller clients while 8thBridge caters to small- and medium-sized businesses. According to a study released by Forrester Research, Facebook is more suitable for small retailers, niche products, or steeply discounted items. Most of the benefit that big retailers get from Facebook is branding their company but not actual purchases, Forrester further reports. Moreover, some products are inherently social such as books, DVDs, and event tickets, which have been successful because they are easy to buy and sell online.

How to Monetize Social Media: Use as a Retention Tool

Companies don't always need to use social media as a sales tool or to acquire news customers, they can use it as a customer retention tool. If someone likes or follows your business, it's because they're interested in hearing from you on some regular basis. It's important that you have a routine schedule for your blogs, tweets, and postings. Keeping your fans and followers up to date on what's new and happening with your business or industry will keep them engaged with you and keep your brand top-of-mind. 

What have you done to monetize your social media marketing efforts? 

PHANTOM POWER
Marketing by Design
http://www.phantompower.co/