Pinterest has been the prettiest social network for some time. Now it might be one of the most lucrative too.
Pin the tail on the bargain
A new study from Oracle reveals that Promoted Pins drive five times more incremental in-store sales per impression.
Users who engage with Promoted Pins are 12% more likely to buy from that brand.
Currently over 75% of saved Pins originate from brands.
High rollers
Pinterest also offers quality over quantity. Close to 40% of Pinterest users rake in over US$100K annually.
What's more, CPG brands are three times more likely to connect with existing customers on Pinterest. Significantly, these customers spend 16% more on average.
Other research from Millward Brown shows that 93% of pinners use the platform to plan purchases, while 87% have made a purchase after viewing a product on Pinterest.
RECOMMENDED FOR YOU
LinkedIn Video Up 38%
Video content is becoming increasingly important on LinkedIn. Watch…
Video content is becoming increasingly important on LinkedIn. Watch…
Instagram Chief Explains Video Watch Time Importance
Instagram’s algorithm is constantly evolving, making it essential for…
Instagram’s algorithm is constantly evolving, making it essential for…
Meta’s New App “Edits” Takes On CapCut
Meta is making a calculated move into the video…
Meta is making a calculated move into the video…