Posts tagged pinterest
The Money Making Social Media Platform You're Missing Out On

What money making social media platform are you most likely missing out on? HINT: It's NOT Facebook!

Local businesses especially, are missing out on one of the most influential, cost effective and money driving platforms out there. What is that platform? Pinterest! Now, before you shut it down, hear me out. In this recent Facebook Live I broke down WHY Pinterest is for you, no matter what your industry is. 

Some Stats About Pinterest:

Pinterest Demographics:

  1. Pinterest has 175 million monthly active users
  2. 2 Million Pinterest users save pins daily
  3. 81% of Pinterest users are Females
  4. Millennials use Pinterest as much as Instagram
  5. Median age of Pinterest user is 40
  6. Half on Pinterest users HHI is $50K or greater
  7. 10% of Pinterest users HHI is $125K or greater

Pinterest Facts:

  1. 87% of Pinners have purchases a product because of Pinterest
  2. 72% of Pinners use Pinterest to decide what to buy offline
  3. 93% of active Pinners said they use Pinterest to plan for purchases
  4. More than 14 million articles are pinned each day
Budgeting for Advertising - How Much Should You Spend?
How much you should budget to spend on Facebook, Instagram, Pinterest and GoogleAdwaords.

Whenever we bring up the topic of digital advertising we always get the same question, over and over again. How much does it cost? This is a tough one to answer. Knowing how much to spend on your digital advertising is really dependent upon your business, time of year, and frankly, what you have to spend. The great thing about digital? Even the smallest budgets can succeed online, which is especially helpful for small businesses that are priced out of the more traditional options, like newspaper and TV.  We've pulled together some basic guidelines on what you should be prepared to spend if you really want to start seeing your online ads make a difference for you. Again, remember these are just general guidelines and should be adjusted to fit what you find works best for your individual business (testing is always important).

Facebook
The big kahuna. The main one. The platform everyone wants to be on. With an estimated 33.76 BILLION (that's right, billion with a "B") expected to be spent on Facebook ads in 2017, both local and national advertisers alike know that this is the place to be. However, with so many options available it can be hard to know exactly what you should be spending on each of the different types of campaigns.

  • Like Campaigns - While guaranteed to get you likes, it can be a little hard to know if the people liking your page are truly interested in your business. Keep these budgets small, starting around $50 for a 3 or 4 day run. See how they perform and go through the list of who liked your page to see if any seem "off" or "spammy". Then wait a few weeks to see if engagement has gone up or these new likes are paying off.

Total Spent Per Campaign: $50, Expected Cost Per Like: $1

  • Boosted Post - Again, jury is out on whether these are effective or not so keep the boosted posts to only those things that are truly important. Limited your boosting to your own fan base can be beneficial to ensure you reach all the fans that you just can't get to relying on organic reach alone. Save targeting people outside of that existing fan base (those that already like your page) for a more traditional FB advertisment.

Total Spent Per Boosted Post: $10-$30

  • Advertisement - For more traditional advertisements (whether they be static image or video ads) start small here and gradually increase your budget over the course of a few days. Studies show that throwing large amounts of money at your ad off the bat actually ends up costing you MORE per lead in the long run. Another benefit of this strategy is that you can test different ads and target groups slowly with less money and then increase spend on those that you find are working for you. Plan on hitting a target of at least $30 to $40 per day (this can go up to hundreds of dollars per day if your budget allows) and being about to sustain that for a minimum of 5-7 days to really see ad impacts.

Total Spent Per Campaign: Start at about $10-$20 per day, Slowly increase in $5 or $10 increments daily depending on overall budget and time of campaign. 
Expected Cost Per Lead: $3-$5

Instagram
Another Facebook owned platform, Instagram is quickly being indoctrinated into the FB advertising fold. While they haven't touched algorithms around what's appearing in Instagram newsfeeds (yet), it's getting harder and harder to reach new users and followers without the use of ads. If you're adding Instagram ads on to Facebook ads (which you can do right through the Facebook Ads Manager), plan on following a similar budget and strategy as your Facebook ads.

Total Spent Per Campaign: Start at about $10-$20 per day, Slowly increase in $5 or $10 increments daily depending on overall budget and time of campaign.
Expected Cost Per Lead: $3-$5

Pinterest
Ahh Pinterest! The underappreciated and underutilized advertising platform, for small businesses especially. With the common misconception that Pinterest advertising is way too expensive and out of reach, not enough small business are jumping on this bandwagon. But we're here to tell you, it's WAY more affordable than you think! There hasn't been any evidence of needing to "start small" in Pinterest like you do in Facebook, but if it's your first time running ads on the platform it's always better to try testing with a smaller budget first to see if it's something that works for you. Plan on about $20-$30 per day (but feel free to go up from there) and about $100 - $500 per campaign. 

Total Spent Per Campaign: $100 - $500, Expected Cost Per Click: $.25-$1

Google Adwords
Once the king of all online advertising, competition is fierce. Google is THE search engine with the majority of searches done within it, it's no wonder advertisers are clamoring to get their brand in on it. However, with this one we like to say, “buyer beware!". While it can be effective, it's taking increasingly more and more money to outbid competition. In addition, users are getting very savvy to knowing what are "ads" and what is real, organic content. Latest studies show that about 60-70% of people searching tend to skip past the ads altogether and jump right to organic search. Good news? 30-40% of people are still clicking so there is still value in the platform, just be prepared to expand your budget.

Total Spent Per Campaign: $500 - $5,000, Expected Cost Per Click: $2-$15+

Crafting the Perfect Pin
Learn how you can take full advantage of Pinterest for your business.

If you have a brand that targets women (and in many cases, even men) you’ve probably heard of Pinterest. The bookmark-style brand has skyrocketed to over 100 million users who log on daily to save some of their favorite products, wedding DIY, dream home decor and fashion styles. Touting a nearly 75% purchase rate (that’s right, 75% of Pinterest users have purchased something they found on the site) it’s a digital platform that can't be ignored.

Thinking about getting into Pinterest or have tried in the past and haven’t seen success? Well, like anything, there’s an art to pinning that can make or break your Pinterest page. Below we’re breaking down some of our favorite tips to help ensure that your pins will get seen, clicked on, and converted to sales.

1. Create a "Buyable Pin" if you can. "Buyable Pins" are something that are still growing in popularity and are still very limited to only certain commerce platforms. However, if you are one of those lucky ducks who hosts their online store on a compatible one, you can easily activate "Buyable Pins". These allow the end user to purchase your product DIRECTLY from Pinterest, making it even easier to get that sale. Plus, word around town is Pinterest is promoting buyable pins more in users feeds than a normal pin. If you have an Etsy store, it's not compatible with Buyable Pins yet, but you can create a "Rich Pin". Pin directly from your store listing to feature the product price and description more prominently than a regular pin.

2. Create an eye catching image. This one may seem obvious but you'll be shocked by how many people pin cut off or poor looking images on the site. A great idea is to create almost a cover photo by combining a great picture with some brief text of what you pin is about or where it links to. Now, you can't add call to action text like "click here" to your pin, but a general title helps give pinners and idea of what they can expect for your pin without having to read it so the chances of them pinning to read later go up dramatically.  Research has shown that vertical images with a 2:3 ratio (the recommended Pinterest size is 735 x 1102 pixels) tend to be the most eye catching and get repinned the most. Need help crafting the perfect pin image? Check out Canva where you can utilize pre-sized templates and get some ideas.

3. Keywords, keywords, keywords. You knew it was coming...  You HAVE to add keywords to the description of your pins if you want to see any traction. People are not only searching for pins within the actual site, but they show up on Google as well. Take a few minutes to ensure your pin descriptions include not only keywords about what your specific pin, but about your business as well.

4. Timing is everything. This one is the big one. Research has shown that pins are the most effective about 20-40 minutes after they are pinned. Because they are shown in users' feeds based on the time they are pinned, they have an EXTREMELY short shelf life. When you sign up for a business account, you'll get access to your analytics. This will help you see when people are responding to your pins the most and what is getting repinned. Take some time to research and test when your users will be online and save your most important pins to go live during that time (although a good rule of thumb is about 2-4pm or 8pm-1am as popular times). However, be careful because....

5. There's nothing worse than going overboard. It may be tempting to pin all your products to your page over the span of a few hours. We get it - You're on a roll, you have a plan and you just want to knock it out. However, because the shelf life of pins is short, it's recommended to spread out your pinning over days, weeks and months, to ensure there's always something fresh in your viewer's feeds. Also, bombarding your followers with 60-70 pins at a time is super overwhelming and may turn them off from your feed. The best rule of thumb is to plan on about 15-30 pins per day, spread out over the course of 24 hours (with your most important ones going live during your optimum engagement time). Now, it's not always ideal to check in to Pinterest at 1am, so check out some scheduling options like Buffer to help make it easier on you.

Does Social REALLY Know What I Want To See?

It all started with Facebook's filtered news feed. In an attempt to serve us just the information we want to see, Facebook began filtering content that appears in our news feeds. That means that posts from pages we've liked, brands we've followed and even friends we've accepted may not show up, and therefore missed. While this may be a good thing, especially if you have that annoying friend who only posts pictures of their cats (yes, I'm talking to you Karen...), it has left brands struggling to connect with their fans and followers on this outlet.

Pinterest quickly followed the trend by curating and ranking "Relevant Pins" vs. the chronological order of pins your friends saved. And most recently, Twitter and Instagram both announced curated feeds to launch soon.

With all of these algorithmically ordered feed changes, users have begun pushing back, asking the questions "Do these social sites really know what I want?" and "What if I miss something important?". Well here's the rub. Studies show that most of us have so many friends, fan pages and groups throughout our various social media pages that without a curated feed we end up missing about 70% of what is posted. That's right, we miss a HUGE majority (70%!) of content that is posted anyways. On top of that, they've seen that some of those without curated feeds often become quickly overwhelmed with information and end up jumping off all together.

So really, these curated feeds are being introduced in an effort to save us from ourselves (and keep us using their various social platforms). Still frustrated with what's showing up in your newsfeed? Begin curating it yourself! Here's a tip: run through your fan pages and start liking and sharing content from those you care the most about. The more you interact with a page, the more likely it is to begin organically showing up. Those 1,000 friends you have? Take a quick run through and get rid of the strangers and ones you can't stand any more- See ya' later Karen! After some time you'll begin seeing the more of the content you want, and less pictures of cats (unless you're into that kind of thing).