The Power of Pinterest for E-commerce Success| Lauren Petrullo & Yaron Been
Jan 1, 2024
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Lauren Petrullo, expert in digital marketing and e-commerce, explores the power of Pinterest for e-commerce success. Topics include Pinterest as a search engine, lower CPMS on Pinterest compared to Facebook, segmenting Pinterest audiences and leveraging visual trends for social commerce, utilizing unique holidays and events for sales success, and using quizzes for product discovery and data collection.
Pinterest is an effective and affordable platform for customer and lead acquisition, providing an opportunity for businesses to reach their target audience with reduced costs and capture customers.
Advertising on Pinterest requires utilizing Pinterest trends, creating visually appealing content, and leveraging customer data for targeted ads and personalized product suggestions.
Deep dives
Pinterest as a Cost-Effective Acquisition Channel
Pinterest is an effective and affordable platform for customer and lead acquisition. Unlike other social media platforms, Pinterest encourages users to take action and rewards them for making purchases from shops. It offers an opportunity for businesses to reach their target audience with reduced costs, especially for non-obvious categories. In addition, Pinterest serves as a search engine where users actively look for solutions, making it an ideal platform for businesses to showcase their products and capture customers.
Success on Pinterest Across Different Verticals
Pinterest has proven successful for various industries, including skincare, supplements, and more. Scaling advertising spend on Pinterest can yield significant returns, particularly for brands that offer high-ticket or recurring products. By targeting customers before their purchasing decisions, businesses can increase lifetime customer value and capture them within their marketing ecosystems. With the advantage of reduced CPMs and increased revenue, Pinterest offers a competitive edge to businesses looking to outperform their competitors.
Key Considerations for Advertising on Pinterest
Advertising on Pinterest requires a different approach compared to other platforms. Utilizing Pinterest trends allows businesses to identify popular search terms and topics, enabling them to create highly relevant and engaging content. Visual elements and high-quality product images are essential for capturing users' attention on Pinterest. While videos have shown success in the past, graphic images are currently standing out. Furthermore, being mindful of seasonal trends and audience preferences is crucial for maximizing the effectiveness of Pinterest ads.
Harnessing Customer Data and Customization
Collecting customer data through quizzes and recommendation-based quizzes not only helps businesses provide personalized product suggestions but also offers valuable insights for marketing strategies. Smart segmentation and utilizing customer data in custom audiences enable businesses to create targeted ads and email campaigns. Leveraging collected data allows for smarter marketing decisions, and businesses that emphasize customer data have the potential for higher profitability.
In this episode we explore the world of Pinterest and it's impact on the e-commerce. Lauren Petrullo,an expert in digital marketing and e-commerce joins us to share valuable insights and experiences in navigating the Pinterest landscape to elevate your brand's visibility and drive sales.
Lauren is the CEO of Moongose Media LLC, and also the founder of Asian Beauty Essentials, Chief Marketing Officer at Beau &Belle Littles, and co-founder of Bot Blondes.
Highlights:
Pinterest as a Search Engine:
Pinterest has users actively seeking solutions hence has a demand in products that would help customers in discovering solutions.
Pinterest Advertising:
Pinterest has lower CPMS compared to Facebook hence a good fit for direct response ads. Pinterest also allows for salesy content and without having to navigate certain restrictions. Lauren also explains the importance of aligning creative content with seasonal trends.
Social Commerce Insights:
Lauren explains how segmenting Pinterest audiences and brands plays a pivotal role in shaping the online shopping experiences. Leveraging visual trends also highly influences online shopping behaviors.