In this blog, we’ll give you the lo-down on Pinterest Ads. We’ll cover the following topics:
We have a special offer for Pinterest!
How it works: Spend a minimum of $10k on Pinterest Ads by October 14th and get a 20% bonus media to spend in the following 30 days.
That means if you spend $10,000 on Pinterest, you will receive a bonus $2,000 to spend on Pinterest ads.
How to qualify:
- Spend commitment timeframe between 8/1/2022 – 10/14/2022
- Minimum campaign length is 21 days
- Minimum spend commitment – $10k
- Maximum bonus amount – $20k
Note: this offer is first-come, first-serve, and not guaranteed. If you’re interested, let us know ASAP at [email protected] so we can secure the bonus for you if it’s still available.
What is Pinterest?
By clicking on a Pin, users can visit the website to learn more about it and even make a purchase directly!
Users will have a profile and can create subfolders within boards, such as categorized sections like “Living Room ideas” and “Dining Room ideas” under the mainboard, “Home Decor.”
Common industries that have a presence on the platform include food, financial services, beauty, fashion, retail, telecommunications, entertainment, home, automobile, travel, and tourism. But if you go to Pinterest and type in any keyword, even long-tailed keyword, you will find content and others that share the same interest.
Pinterest User Demographics
- 80% of Millenial women and 40% of Millennial men in the United States are on Pinterest.
- 49% of US users’ annual income is $100,000+.
- Half of Pinterest users use the app to shop.
- Pinterest users spend 80% more in retail than those who don’t use the app.
- Pinterest users are 3 times more likely to click through to learn about a product or service than any other social platform.
- Pinterest ads cost 2.3 times less per conversion.
How Does Pinterest Advertising Work?
Every time that someone searches on Pinterest, they’re thinking about what they want to try next. Because Pinterest is grounded in the future, we get an earlier indication of where consumers are headed and can help brands and agencies predict what is to come for their category.
Advertising on Pinterest is for businesses to tell their stories through visuals. They are effective for these marketing objectives:
- Boosting brand awareness
- Driving website traffic
- Driving conversions
- Increasing video views
- Increasing sales
Ad Creation & Management
Pinterest typically decides the type of ads to display to the user based on their historical activity. So let’s say I’ve been looking up inspiration for a new haircut or self-care tips, then it’s more likely that ads for beauty and wellness products would show up for me!
Campaign Planning & Seasonality
Here is Pinterest’s 2020 report on how to prepare for the Holidays early. It has excellent stats and consumer insights, as well as visual examples of effective creatives.
Types of Pinterest Advertising
- Standard Pin
Advertisers can get creative and showcase great, branded visuals to capture people’s attention and tell a strong story.
These pins are helpful because it can incorporate your product details, so users can tap on them to learn more, click through to your website, and even complete a purchase!
Each card can have its own title, description, and link. So you could have users go to 5 different links from one single Carousel ad.
It works like this: a user sees a primary video or image in their feed. Then when they click on it, they are taken to the collection: a little shop front where brands can showcase up to 25 products. It creates an enjoyable shopping experience for Pinterest users!
Static vs. Video Ads on Pinterest
Pinterest Advertising Best Practices
- Visually compelling
- Tell a good story
- Make people want to learn more
2. Optimize copy for your pins. Show up for relevant searches with clear descriptions and titles.
3. Text Overlays go on your ad creative. Be sure to keep it short so it’s legible on mobile.
4. Your landing page should match whichever ad users click on. Ensuring relevancy is what creates a good user experience.
5. Video ads should hook audiences immediately in the first 2 seconds. Use a strong cover image so people can have one glance at your ad and know what it would be about.
6. For your video creative, show, don’t tell. Many users have audio turned off, so utilize visuals, overlayed text, or captions instead of audio and dialogue.
7. If your ads target different countries, you should create separate ads for each country and translate the text overlay and copy to the local language.
8. Use Pinterest analytics to track your ad performance (metrics such as impressions, saves, clicks). Be proactive: if any ads are underperforming–make optimizations!
9. You can find Pinterest’s most up-to-date, complete list of advertising specs here.
Pinterest Advertising Costs
- Brand awareness: $2.00-5.00 for 1000 impressions
- Engagement: $0.10 – $1.50 per engagement
- Traffic: $0.10 – $1.50 per click
Here’s an example: your company is a new food prep subscription box, and you want to run a brand awareness campaign. With HelloFresh, GoodFood out there, it’s probably going to be a tight competition! So, instead of the minimum of $2, you can expect to be spending $5 or more.
War Room can be your digital advertising partner! We specialize in hyper-targeted, programmatic advertising. We’ll create a customized strategy and execute ad campaigns with your business goals in mind.
Get in touch with our digital ad experts today!
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