Sunday, May 29, 2016

Pintrest


General Information
Pinterest is a personalized social media platform that offers a “visual bookmark tool that helps you discover and save creative ideas.” It is comparable to a real life bulletin board. Instead of cutting pictures of things you like out of a magazine and putting the picture onto a physical bulletin board, you are searching online and “pin” an image to your Pinterest page. A pin is a picture which has a link embedded in the picture so when the image is selected the link will take the user to the website the image represents. Users can upload, save, sort, and manage their pins (pin=picture with link in it) through “pinboards” or just “boards”. Boards are collections of images users pin that are organized by a central topic or theme. For example, I have a pinboard titled watches where all the pins of watches I like can be found. Your “Pinterest Page” is a collection of all your pinboards. So, a Pinterest page holds a user’s personalized group of pinboards, and the pinboards hold all of the images the user wants to save.

Users find images to pin on their personal Pinterest page by browsing generic pinboards the website creates for you or by searching a specific topic. When a user pins images to their personal board the website is able to guess about what types of pins a user may like and puts them together for the user to look through. The group of pins the website guesses a user may like is called the “pin feed”. The pin feed will also show pins the user’s friends have pinned and users can send pins to their friends. Content found outside of the Pinterest website can be uploaded to the user’s board via the "Pin It" button. The pin it button can be downloaded to the bookmark bar on a web browser.

Purpose
You know when you're browsing online and see something you like and don't want to forget about it? What do you do? You could email it to yourself, print it out, or bookmark it on your computer. The problem is, each of those options has drawbacks which ultimately leads to you forgetting what you wanted to remember. Pinterest solves this problem by providing users a place to organize and remember those ideas. Pinterest is also self described as “the world’s catalog of ideas”.  The CEO of Pinterest, Ben Silbermann, summarized the purpose of the website is to provide a "catalog of ideas" that inspires users to "go out and do that thing."

Use in Business
Pinterest also allows businesses to create pages to promote their companies online. Pinterest offers services to assist businesses in creating their own Pinterest page and best practices for operating it. The Pinterest pages created serve as a "virtual storefront" for a business. The Social Media Examiner explained how Pinterest helps businesses in this way, “Pinterest lets brands deliver content in an easily shareable format that leads to increased visibility and higher traffic numbers.” A study observing the web traffic on the jewelry and accessories website Boticca.com is evidence for The Social Media Examiner’s statement. The study occurred in 2012 and compared users coming from Facebook and Pinterest. The study found users from Pinterest spent less time on the company’s website but spent $180 compared to $85 spent from users coming from Facebook. A systematic review also completed in 2012 confirmed the case study’s findings and concluded Pinterest was more effective at increasing sales than other social media platforms. However, according to a study done by the Pew Research Center in 2015 72% of internet users use Facebook compared to 31% of internet users using Pinterest and among the users of each respective site Facebook had a frequency of visits as seen in the graph

Pinterest can also contribute to companies, especially small companies, get become known. An anecdotal story from my own experience was my discovery of Etsy. It is group of small stores that typically only have a presence online and contains homemade products. I discovered the website on Pinterest and since then I have only gotten my family’s gifts from that site. The final use of Pinterest in business is to identify trends of customers. By tracking the way customers pin things, a business could gain insight to what products are popular, deduce why specific products are popular and use that information for product development.

Assessment
From a sales perspective there is no question Pinterest is the most effective social media platform. The studies described above, while older, offer the first quantitative evidence I have found comparing social media platform effectiveness. Considering the features of Pinterest vs. Facebook I believe Pinterest is more effective at increasing sales; because, generally speaking, a person using Facebook has a different mentality or frame of mind than a person using Pinterest. Pinterest goers use the site, as Pinterests’ CEO Ben Silbermann said, to "go out and do that thing". When a person is on Pinterest the user is more likely to be looking for inspiration to accomplish a task, which is more likely to lead to a purchase compared to Facebook where users who are looking to connect with friends. However, there is a social stigma associated with the use of Pinterest. The belief is that using Pinterest is only for women and men use the site their masculinity questioned. I believe this stigma greatly limits the total number of Pinterest users and narrows the effectiveness to businesses catering to women.



My Experience
I am figuratively in love with Pinterest. The site simple to navigate and for me it is far more addicting to use than any other social media platform. As presented above, there is a stigma around the site as being predominately used by women for recipes, event planning, and decorating; however, I reject that perception. I have 21 difference pinboards on my page and none of them could be considered un-masculine.
My family uses my page as a source for gift ideas and I use it to store gift ideas I have for them. This makes shopping around birthdays and holidays much easier and no one ever has any idea what I am getting them as a gift because I don’t need to have the awkward, “what you want for Christmas?”, conversation. I also have a pinboard dedicated to each of my hobbies. Each board serves as a list of what I should do next pertaining to that hobby. Lastly, I find looking through the memes on Pinterest to be way more fun than using any other social media platform or visiting any other website on the internet. For example, the meme to the left was related to me today and seeing after my newly washed car got crapped on by was pretty funny.

References
Pinterest Image

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