How to Leverage Pinterest to Increase Business Sales

PinterestIt has become one of the fastest growing social media platform and one of the most popular in usage online to promote personal ideas or products to sale. Since E-commerce has been around for years and the number of online businesses is still growing rampantly, businesses or store owners tend to influence the social media idea as an avenue to grow their sales. Inclusion to these are Facebook, Twitter, LinkedIn, and Pinterest. Among these social media platforms, it is Pinterest that raises virtual interest the most among online users, making it the “new kid on the block.”
Whether you want to increase your daily, special, or holiday sales, Pinterest can help you attain the upper hand. Depending on your marketing scheme, your sales can skyrocket from its baseline. This is made possible because Pinterest is inclined towards company’s products that combines both the ideas of vivid images of magazines and best deals of catalogs of some sort.
Before you promote your business or store, you need to probe a bit deeper on Pinterest. Nevertheless, there are ways that business owners need to undertake to jump-start their way to success.

Run a Test
One of the best things that you can do for your business is to invest time and resources in Pinterest. Simply open up an account and start building a following by following others-especially those similar to your niche. Then observe how others use Pinterest to promote. You will notice “Boards” and “Pins.” Boards are like your category and the pins are your post. Some have multiple categories, but you can be very effective with just one.
Here are some interesting facts about Pinterest.
• Pinterest users: 70 million

• Page views: with an average of 2.5 billion views per month

• Frequency of use: ranks 4th for most-used social media platform

• Average time spent by Pinterest users: 98 minutes/month

• Average amount per order: $140 and $180

The digits appear to be favorable, but letting the platform work in your favor is a formidable challenge. Just for a fact, you have to conceptualize your plans efficiently and competitively because your competitors are doing the same thing. Include in your strategy the identification of popular pins. You can do this by using a Pinterest analytic program like tailwindapp.com -a paid site that can help you track popular pins, followers, likes, and many more.

Work on Striking Visual Content
If you are geared towards marketing, you can make use of stunning images in Pinterest. Just for a fact, people love wonderful pictures as it can express a lot more than words can tell. When people get enthusiastic about your pin, users can re-pin it resulting to spread of your content.
You might be in an enigma of what kind of images can capture the hearts of the users. Of course, the bottom line here is that it should appear pleasing and worth the time. Earthy colors and reds can mesmerize your audience while a full background can give them a whole picture of what you want to portray.

Rich Product Pins
Pinterest Screen-shotDo not forget to change your pins into rich product pins. It comes in six types: app, article, movie, place, product, and recipe. It adds extra information and help the pin itself stands out from the others. With the rich product pins around, Pinterest had also came up with a rich pin validator. It is made for e-commerce sites to safeguard against fraudster. At this point, information is always updated because it is link to site.

Good Advertiser
Just like any other ads, Pinterest is also keen towards high standards. If you want your advertisement to get noticed and appreciated, you just have to follow the basic advertising principles. According to Pinterest, these include being authentic, promoting your best pins, and obeying applicable laws and regulations. When these are met and with some homework, everything else will fall as you want it to be.

Coupons
Take your daily sales an extra mile by giving coupons to your valuable consumers. Remember, people want to spend their hard-earned money wisely, so it is up to you to give them a hand by virtue of your promos and great deals. Your coupons pinned in Pinterest may contain discount, free product or service, or anything that will greatly benefit your customer.

Fiery Competition, New Approach!
Marketing scheme is not just all about the ideas. With the rise of Internet and other social networks like Pinterest, there now comes a need to employ a photographic approach to reach the desired sales of every company despite the heated competition.

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10 Ways to Measure Social Media for Business

Is your business a social business? Companies that are making good use of social media should take the next step and measure the progress of their social media programs and campaigns. How do you know if you’re succeeding if you don’t have the numbers?

Today we’ll look at 10 ways that metrics can offer visibility into your business’s performance. You won’t want to chart all of these, but tracking a few well-chosen metrics — and incorporating the learning’s into your business processes — can contribute to the bottom line.

Customer Engagement

1. Engagement can take place offline and online, on your site, on your social networks and in real-world face-to-face events. By letting customers participate in conversations about your brand, you can improve your business, your products and your levels of service. Ultimately, customer engagement is key to improving satisfaction and loyalty rates and revenue.

Metrics to track could include:

  • Number of followers on Twitter, Facebook, etc.
  • Number of retweets on Twitter
  • Number of comments per blog post
  • Number of external widgets embedded
  • Invaluable assets as re-distributors of content
  • Customer reviews and ratings

Note: Such customer interaction can be invaluable in fostering a culture of community and in guiding product development. In addition, endorsements can be used as testimonials in marketing materials (with permission).

Sales & Profits

2. In the end, you business’s social media efforts need to not just generate customer goodwill — it should contribute to your company’s bottom line.

Metrics to keep an eye on include:

  • Track sales from Google referrals
  • Sales from paid search
  • Sales as a result of social network mentions

Dell said it made $3 million selling products to its Twitter followers on the strength of coupons and discounts that other Twitterers gladly passed along vi-rally as tipsters. And Blendtec’s “Will It Blend?” blender’s campaign on YouTube helped to drive a 500 percent increase in sales in 2010.  Just don’t expect the needle to move right away!

Search Marketing & Rankings

3. The importance of search engine optimization to your brand cannot be overstated: SEO & social media efforts should significantly increase your site’s visibility & performance in search results. It should also help you rank prominently for targeted items and increase your long-tail traffic. Identify and incorporate targeted keywords on major landing pages on your site. Strategically use keywords on social networks as well, such as Facebook. You can use links from Twitter or YouTube to claim valuable search rankings on your brand search terms. Tweets that rank for targeted keyword can lead to traffic from keywords that the site does not rank for.

Whenever someone shares content from your site on a social site, you get a link back and a submission history. Try to convert one-time visitors from Digg, StumbleUpon and other social news sites into long-term members of your community.

Traffic & Conversation Reach

4. Your business can produce the most gorgeous, well-manicured press releases in the world. But unless you get customers talking about your product or service and generating traffic to your website, micro-site or social networks, you’re missing the boat. Raw traffic is important, but you’ll want to measure traffic from segmented audiences that you’re targeting-people who are likely to follow you or more so, buy from you. Also chart the number of visitors to your social networks.

Brand Sentiment

5. The nature and purpose of public relations and external communications is changing from an industrial-era paradigm to one of facilitation and curation. Go with it — help create evangelists for your products or services among your most ardent fans. Word of mouth and the viral nature of sites like Twitter, Facebook and Digg can help shift your company’s key brand metrics.

You’ll need a more sophisticated set of metrics tools to gauge the following: Brand awareness, brand favor-ability, brand recall, propensity to buy, etc. (TV ads are measured in this way.) A positive brand associations via social media efforts can help drive clicks on paid search ads. Use a social media service to measure brand sentiment.

Public Outreach

6. The worlds of public relations, customer service and marketing are merging. Social media enables customers to interact with all channels within a company. Traditional metrics, such as column inches in newspapers and magazines, are becoming less relevant over time. Outreach to blogosphere & Twitterverse is becoming as important as outreach to media organizations. Consider creating a social media newsroom that offers bloggers and news organizations a rich set of multimedia, bullet-ed takeaways and quotes from key participants. Then track the number of mentions on social sites by using the bit.ly url shortener.

Lead Generation

7. Social media is becoming a funnel for lead generation. A number of tools now let you track business prospects through sophisticated filtering mechanisms. Use LinkedIn to connect with potential business partners and clients, and chart the rate of invitations accepted and follow-up communications acted upon. See which kinds of messaging are resonating.

Here’s an opportunity for your internal teams to work together to optimize your site for keywords and key phrases. It’s always better when potential customers come to you.

Customer Retention

8. We’re moving into an age of optimization and retention. Watch your retention rates as you start participating in social media. Over time, if your team uses social media intelligently, they should rise. Zappos, which uses Twitter, MySpace, Facebook and YouTube for its social media efforts, has exceeded $1 billion in sales. Some 75 percent of its orders are repeat customers. Make sure you monitor your repeat customers and shower them with love.

Cost Savings

9. In this age of cost-cutting, companies are looking to apply savings wherever they can. Cisco saved $250,000 by using social media rather than traditional PR and marketing to roll out its Data Center project.

Crowd sourcing has become an increasingly popular way for businesses to leverage customers and outside parties for savings. Consider how cost reductions can be applied in a way that benefits the bottom line while not infringing on worker rights or jeopardizing health and environmental standards. Then measure how each initiative contributes to cost containment.

Employee Recruitment

10. The brightest young minds coming into the workplace today live, breathe and understand social media. Show them that you’re a genuine social business and not just another company hunkering down in the wake of the social media revolution. Measure incoming employees’ sentiment about your company. What are they saying? What attracted them?

Measure exiting employees’ sentiment. Assign someone from human relations, with no stake in the matter, to conduct exit interviews. Assess their feedback — and take it to heart.

By JD Lasica of Socialmedia.biz

These are 10 ideas, but it’s not a complete list. List your ideas in the comments below.

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