You knew it was going to happen. You knew that just as you were getting to grips with Google+, becoming familiar with Facebook, and tackling Twitter, a brand new platform would come along and make you start all over again.
Or worse, it would not make you start all over again. It would make you wonder whether you should start at all.
That is the current position for social media marketers in relation to Pinterest. The site, which acts as a kind of public pinboard on which anyone can attach pictures and items, and share them with friends, launched in 2010 but has seen phenomenal growth over the last twelve months or so. In October 2011, it was valued at no less than $200 million.
It looks important. But does it look important enough for you to spend the time and energy building your own board, looking for effective strategies and trying to drum up business with it? Or would your time be better spent writing more Facebook updates and connecting with more people on Twitter?
Certainly, Pinterest’s rapid growth suggests that it cannot be ignored. In September 2011, it was said to receive around 1.68 million unique visitors. By December, that figure had reason to 7.21 million. The site is now believed to have overtaken Google+ (although it still lags behind Yahoo!) as the fifth most popular social networking or forum site driving referral traffic to other websites.
And yet, Pinterest’s demographic — like that of the somewhat geeky Google+ — is relatively limited. The site’s users are predominantly female. One estimate puts the population at about 58 percent women. And those users are largely looking to Pinterest for shopping. Some of the biggest corporate users of Pinterest are not JetBlue, known for its use of Twitter, or Coca Cola, which has an effective Facebook presence. It is retail stores like Nordstrom and West Elm. These are companies that pin pictures of models in beautiful clothes then see those images shared on hundreds of other pinboards.
If you are not in the retail business then, and your demographic is not the kind of people who are looking to buy clothes or improve their home furnishings, then maybe you can give the site a miss — at least for now. And even if you are in those businesses, you might want to give the site a miss too. The site might be driving traffic to particular kinds of stores and sites but there are no figures that suggest that that traffic is converting.
Social media marketers do have to keep their eyes open all the time for the growth of new platforms. They have to know when a new tool can deliver sales to their market better than a current tool. And they choose when the usefulness of that tool is clear enough to begin using it.
At the moment, anyone selling fashion, household items and lifestyle products should be looking at Pinterest, playing with it, and testing to see if it delivers convertible traffic. Sellers who are not in those fields should be checking the statistics on the site and waiting for signs that it might benefit them, too.



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