Google has long been hailed as the ultimate search engine. But what if you don’t know exactly what you’re looking for? Say you’d like to see a broad range of inspiration for a home project or DIY gifts. Google won’t get you too far.
Enter Pinterest. A virtual pin-board for cataloging and sharing images, Pinterest has been growing quickly since early 2010 despite its semi-private beta status. The number of users has soared from 418,000 in May 2011 to 3.3 million this October. As it stands right now, potential users can either request an invite through the site or have a current user email an invite to join.
Here’s how Pinterest works: users label and create theme-based virtual pinboards so they can “pin” designs, gifts, tutorials, recipes and other things they find around the web to share with other people. Pinning is done by installing a simple button on your web browser. Once “pinned,” those images lead the user back to the original web source. Users can follow others’ boards and “like” specific posts or “re-pin” to their personal boards, much like the concept of Facebook sharing or Twitter ReTweeting.
This “self-expression engine” promotes a kind of sharing and reciprocity that has built a community passionate about discovery and inspiration. Brands such as RealSimple and Williams-Sonoma are starting to take advantage of Pinterest’s popularity and rapid sharing. We’ve even had a few clients here at Feedback express interest in Pinterest.
There seems to be an illusion that the site is only for women; it’s true that the majority of users are female, but there are still plenty of guys using Pinterest to curate inspiration for design, cool spaces, cars, and photography. In fact, Ben Silbermann, a dude inspired by his love for collecting things as a child, founded Pinterest. The users have grown to be increasingly female in the past few months, up from 54 percent in April 2011 to about 70 percent in November.
Like most start-ups, Pinterest has yet to create a solid revenue model but has caught the eye of advertisers, brands and investors. Pinterest is ad-free for the time being, creating organic engagement and growth. With such growing interest, it will be interesting to keep an eye on what steps the site owners will take to become profitable.
Pinterest seems to have that “stickiness” that so many new social networks lack, which we believe gives it a lot of staying power. Check it out for yourself if you haven’t. And happy pinning.
- Caroline (@carolineradom) and Brittany (@britgary)

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The Value of ‘Like’
by FeedbackSoftware company Vitrue announced recently that a 1 million-strong Facebook fanbase for an organization’s page translates into at least $3.6 million in equivalent media over a year, based on impressions generated in the site’s news feed.
In other words, marketers can expect to pay $3.60 for one set of eyes on the foremost social network. Reports U.K.-based Marketing Magazine:
While it is sometimes difficult to measure ROI in social media, pointing to “Like” as an indicator of success is seen as a problem by many, including Feedback’s own Dean Browell, who was interviewed for the article. A “Like” may simply be someone entering a competition or seeing something intriguing on a company’s Facebook page – but it doesn’t necessarily mean that a person is instantly wedded to a brand.
The article continues:
While many top brands view an individual Like on Facebook as a huge value, a good social media and digital practice comes down to more than just numbers. With careful methodologies in place, a great deal of meaningful data should emerge from a brand’s presence online and its fanbase, giving a company insightful feedback on its customers and stakeholders. This is data that impacts marketing departments, sure, but also gives key information to sales teams and C-suites.
For more, check out the article, Social Media: The value of a Like here.