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Snapshot: Pinterest

LHBS
11 Nov 2015
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Snapshot: Pinterest

  1. UNDERSTAND TODAY. SHAPE TOMORROW. 1 SNAPSHOT: PINTEREST A collection of business development, brand building and customer experience signs & cases that relate to Pinterest. LHBS// SNAPSHOT: PINTEREST
  2. UNDERSTAND TODAY. SHAPE TOMORROW. Discover ABOUT LHBS. Define Develop Deliver We are an unconventional strategy firm that helps clients to better understand today and successfully shape tomorrow. LHBS has extensive experience & expertise in business development, brand building and customer experience. The firm works across all major industries for clients from the FT Global 500, German Mittelstand and fast growing startups. http://www.lhbs.com ABOUT UNDERSTAND TODAY. SHAPE TOMORROW. 2 LHBS// SNAPSHOT: PINTEREST
  3. UNDERSTAND TODAY. SHAPE TOMORROW. INSPIRATION -HUB INSPIRATION-HUB 3 The Best Of Series and signs featured in each of the Snapshots is powered by the LHBS Inspiration-Hub. The LHBS Inspiration-Hub is a digital platform that brings customized insights and inspiration to the heart of your organization. It is a digital platform that tracks changes in people, markets and technology. https://inspiration-hub.com/ LHBS// SNAPSHOT: PINTEREST
  4. UNDERSTAND TODAY. SHAPE TOMORROW. 4 SUMMARY But it seems that customers are not only keenly interacting with the platform, but they seem to trust what they find there— with over 86% stating that they trust the pins from “everyday experts” on Pinterest, indicating the commercial potential. Pinterest is answering these needs by constantly innovating to meet the challenges of the modern audience. The recent introduction of “buy buttons” will allow consumers to purchase items directly from the pins, increasing Pinterest’s commercial power and opening up possibilities for brands. With the growing opportunities, many brands also start using Pinterest as a distribution channel for their communication— encouraging users to participate and express their creativity or designing campaigns and organising contents and events with the help of the platform. Pinterest also offers various possibilities on deeper collaboration with other brands — which allows to aggregate the insight or data pool together and benefit both of the companies. Pinterest has gained a large user base in the past years as it has transformed itself into a visual search giant where customers are able to spot, access and save millions of products— and recently also purchase them. SUMMARYLHBS// SNAPSHOT: PINTEREST
  5. IMPLICATION Pinterest is moving beyond a search engine into a huge commerce platform. Brands can no longer ignore the potential of Pinterest and treat it as a “nice to have”. The platform is essential when trying to target women and it offers untapped cooperation possibilities that extend the reach and potential of the brands. UNDERSTAND TODAY. SHAPE TOMORROW. 5 IMPLICATIONLHBS// SNAPSHOT: PINTEREST
  6. CONTENT. UNDERSTAND TODAY. SHAPE TOMORROW. 6 Platform Innovation CHAPTERTWO Communication CHAPTERTHREE Consumer Insights CHAPTERONE CONTENT Cooperation CHAPTERFOUR LHBS// SNAPSHOT: PINTEREST
  7. UNDERSTAND TODAY. SHAPE TOMORROW. REPORT TITLE // IMPLICATIONS. UNDERSTAND TODAY. SHAPE TOMORROW. 7 CONSUMER INSIGHTS Who is on Pinterest and what content are they interested in following? CONSUMER INSIGHTSLHBS// SNAPSHOT: PINTEREST
  8. 40 % 60 % UNDERSTAND TODAY. SHAPE TOMORROW. 8Source: Venture Beat 100 million Pinterest users globally CONSUMER INSIGHTSLHBS// SNAPSHOT: PINTEREST
  9. 40 % 60 % UNDERSTAND TODAY. SHAPE TOMORROW. 9Source: 15 % 85 % eMarketer 85% Percentage of total Pinterest users that are female. CONSUMER INSIGHTSLHBS// SNAPSHOT: PINTEREST
  10. 40 % 60 % UNDERSTAND TODAY. SHAPE TOMORROW. 10Source: Cision 83 percent of active users prefer to follow a brand than a notable celebrity. 73 percent of active users prefer to follow a beauty brand than a notable makeup artist. 70 percent of active users prefer to follow a hair care brand rather than a notable hair stylist. CONSUMER INSIGHTSLHBS// SNAPSHOT: PINTEREST
  11. UNDERSTAND TODAY. SHAPE TOMORROW. REPORT TITLE // IMPLICATIONS. UNDERSTAND TODAY. SHAPE TOMORROW. 11 PLATFORM INNO- VATION Which innovations is Pinterest introducing on their own platform? PLATFORM INNOVATIONLHBS// SNAPSHOT: PINTEREST
  12. CHAPTER TITLE UNDERSTAND TODAY. SHAPE TOMORROW. 12 Instant "Buy Buttons" With an instant “buy button,” Google, Pinterest, Facebook and Twitter plan on turning social networks into shopping malls.  People browsing their feed on Facebook or dresses on Pinterest will not only be able to discover new products but also to purchase them immediately. However, there are certain challenges that stand in the way of convincing searchers into buyers. Firstly these are technical issues retailing to inventory, product catalogues and order management, as well as embedding different payments systems. This matters, as the buy links would not come solely from the retailers like Amazon or ASOS, but also small boutiques that may have no big experience with selling outside of their websites. Secondly, the social media giants will have to convince the retailers that they will not steal the relationship with consumers— a move that would deem the retailers secondary and make them just warehousing and shipping partners.  Explore Sign PLATFORM INNOVATIONLHBS// SNAPSHOT: PINTEREST
  13. UNDERSTAND TODAY. SHAPE TOMORROW. REPORT TITLE // IMPLICATIONS. UNDERSTAND TODAY. SHAPE TOMORROW. 13 COMMUNI- CATION Examples of how brands are effectively using Pinterest in their communication strategy. COMMUNICATIONLHBS// SNAPSHOT: PINTEREST
  14. CHAPTER TITLE UNDERSTAND TODAY. SHAPE TOMORROW. 14 REPORT TITLE // IMPLICATIONS. Urban Decay and Coachella Festival Urban Decay has created a Pinterest contest where participants could create their own board with Coachella festival looks that inspire them. The prize for the best ones were festival tickets.  The competition required the followers to create a pinboard called ‘Electric Festival Style with UD’ then pin the looks they would wear at this year’s music festivals. They must also follow Urban Decay on Pinterest and submit their email address via an online entry form.Being a viral theme in its own, the campaign was able to drive a lot of traffic to the website as well the brand’s Pinterest board. The brand has almost 50,000 Pinterest followers so its an excellent forum on which to host the competition and it has already received hundreds of entries, which makes it a data capture success if nothing else. Explore Sign COMMUNICATIONLHBS// SNAPSHOT: PINTEREST
  15. CHAPTER TITLE UNDERSTAND TODAY. SHAPE TOMORROW. 15 Kotex Uses Pinterest to Send out ‘Goodie Bags’ Kotex has created a clever and creative campaign through the use of Pinterest. The firm targeted 50 influential Pinterest users, understanding what they pinned as interesting to them. Then the agency created customized gift boxes filled with goodies and new Kotex designs that related to their interests and delivered them straight to the women’s doors.  According to the video, the campaign was a tremendous success as the women shared details of their gifts to their Pinterest followers, resulting in almost 700,000 total impressions. Explore Sign COMMUNICATIONLHBS// SNAPSHOT: PINTEREST
  16. CHAPTER TITLE UNDERSTAND TODAY. SHAPE TOMORROW. 16 'Turn It Up' by L'Oreal L'Oreal has used Pinterest & Facebook to create hair color tribes for the launch of their 'Turn it Up' campaign. The campaign encouraged a friendly competition among women of different hair colors  - women had to 'tribe-up' according to their hair colors and try to find their hair personality. The campaign wouldn't be the same without brand ambassadors that were responsible for starting conversations about hair colors through their own channels and blogs and encourage fans to continue the conversation on L'Oreal's Facebook and Pinterest. The content on Facebook & Pinterest included input from beauty bloggers that were encouraged to create 'Turn it Up' inspiration boards and looks. Facebook's additional content integrated discussions from beauty bloggers that pointed to what their hair color means to them, color documentation through 28 washes, a cover photo tool that helped to express color identity as well as tools to create posters and wallpapers, coupons, offers & contests, shade guide and product tutorials complemented by 'before and after' photo gallery.  Explore Sign COMMUNICATIONLHBS// SNAPSHOT: PINTEREST
  17. UNDERSTAND TODAY. SHAPE TOMORROW. REPORT TITLE // IMPLICATIONS. UNDERSTAND TODAY. SHAPE TOMORROW. 17 CO- OPERATION How Pinterest partners with other brands & uses combined insights together. COOPERATIONLHBS// SNAPSHOT: PINTEREST
  18. CHAPTER TITLE UNDERSTAND TODAY. SHAPE TOMORROW. 18 Retailer Recommends Clothes Based on Pinterest Activity Topshop has teamed up with Pinterest in order to create a personalized e-commerce experience that is based on the pins of consumers.  The "Pinterest Palette” analyzes the colours over all of the pinned images and based on these colours, recommends Topshop items that the user may be interested in. In the recent months, Pinterest has been ramping up the efforts to monetize the site, firstly announcing the "buy buttons" and then introducing Pinterest Developers Platform that is open for partnerships with brands.  Explore Sign COOPERATIONLHBS// SNAPSHOT: PINTEREST
  19. CHAPTER TITLE UNDERSTAND TODAY. SHAPE TOMORROW. 19 Pinterest Users Design An Apartment In Real Time CB2 harnesses the design sensibilities of the Pinterest community, led by five Pinterest influencers. Home décor chain CB2, the more urban and youthful division of Crate & Barrel, wanted to turn aspirational online home design daydreams into reality with APT CB2, a five-day event in which five popular designers decorate one real-world apartment using furniture from the CB2 catalogue with the real-time input from the Pinterest community. Starting on May 7, each designer will have one day to transform one room in a vacant NYC apartment into a fully realized space, the progress of which will be shared over Pinterest and through a campaign microsite. Throughout the day, people can vote on a design choice an hour--for instance which chair or lamp or sofa to place in the space--all with the promise of winning $5,000 to spend at CB2 for their own dream apartment. Explore Sign COOPERATIONLHBS// SNAPSHOT: PINTEREST
  20. CHAPTER TITLE UNDERSTAND TODAY. SHAPE TOMORROW. 20 VICE The Business of Life VICE News has teamed up with Pinterest and Bank of America to launch a show to make complicated money matters more transparent to young people. The show will bring together writers, thinkers, policy experts, and scholars to break down the facts and figures that shape our world. Pinterest’s insights department Pinsight Labs which has offered an analytical look at the financial topics that millennials are interested in and Vice supported the cooperation with their video platform. The topics include student debt, immigration and money, the cost of war, why artists don't make money, and other financial topics that appeal to millennials. This fresh perspective will be spread via Pinterest. Explore Sign COOPERATIONLHBS// SNAPSHOT: PINTEREST
  21. Die in dieser Präsentation dokumentierten Gedanken und Vorschläge sind geistiges Eigentum der 
 LHBS Consulting Berlin GmbH und unterliegen den geltenden Urhebergesetzen. Die unauthorisierte Nutzung, 
 die ganze oder teilweise Vervielfältigung sowie jede Weitergabe an Dritte ist nicht gestattet. LHBS Consulting Berlin GmbH Köpenicker Straße 154  10997 Berlin Germany   UNDERSTAND TODAY. SHAPE TOMORROW. IMPRINT www.lhbs.com THANK YOU 21 LHBS// SNAPSHOT: PINTEREST
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