The Pinterest Boutique -
How Pinterest Impacts Retail Sales
Boutique owners are finding success on Pinterest.
However, seeing the true impact of your Pinterest boutique will take time.
Should You Build a Pinterest Boutique?
Life as a boutique owner isn’t easy. While boutiques have the freedom to better control maintain quality of product then large retail chains, they also lack the marketing budgets, brand recognition and cost efficiencies enjoyed by larger competitors. As a result, word of mouth recommendations have always been critical to the success of boutiques. For that reason, boutique owners are creating online Pinterest boutiques to spread the word about their well curated products. Here are five examples of successful Pinterest boutiques, across a broad array of retail categories:
- Paris Hotel Boutique – 35,000+ followers : “offers one-of-a-kind vintage and antique pieces celebrating the glitz and glamour of a bygone era”
- Sweets & Treats Boutique – 4,000+ followers: ” cupcake & party supply shop for fun, unique cupcake liners, baking cups, paper party straws, and goodie bags”
- The Blue Door Boutique – 3,500+ followers: “seeks out the latest fashion trends, and offer them to you at customer friendly prices”
- Bliss Boutique – 738 followers: “a large selection of women’s clothing, denim, accessories, shows, purses and so much more”
- Bear Hugs Baby Boutique – 500 followers: “baby blankets, loveys, boutique wipe cases, and more!”
How Your Pinterest Boutique Will Generate Sales
In September 2012, a report by Rich Relevance studying 700 Million ecommerce transactions showed that users referred from Pinterest purchase an average of $180 vs $80 for facebook users and $69 for twitter users. However, this comparison substantially UNDERestimates the potential impact of Pinterest. That’s because Pinterest’s revenue impact comes from multiple sources:
- Direct Sales referred from your Pinterest boutique to your website (that’s the $180 AOV above)
- Sales on your boutique’s website influenced by Pinterest research but not referred from Pinterest
- Sales in your boutique influenced by Pinterest (e.g. Pinterest followers who stay more top of mind)
- Marketing campaigns that target products to users leveraging insights from Pinterest data (for more information about socially targeting ads try PinMail)
How Your Pinterest Boutique Can Improve your Business
Beyond increasing sales, your Pinterest boutique can bring many other benefits to your business. This is because Pinterest helps you understand how your fans are engaging with your brand, products and competitors. A great Pinterest analytics dashboard will provide such insights. Analytics tools can be expensive, but PinLeague offers a free Pinterest analytics dashboard that is quite powerful. Once your dashboard is set-up, you can:
- Track popular products on Pinterest from your boutique and your competitors’
- Identify fans and influential Pinterest users to offer them special offers and content
- Track affiliate revenue on Pinterest – even without an affiliate code in the link
Issues To Consider When Building Your Pinterest Boutique
By nature, boutiques’ businesses vary widely. As a result, no marketing channel is one-size-fits-all. In adopting Pinterest for your boutique, think about a number of factors that may impact your strategy:
1. Are you using Pinterest to attract new customers or better engage existing ones?
If you’re looking to primarily attract new customers, keeping a fresh flow of people seeing your pins and following you is important. Products such as the Pinterest Audience Growth Engine can help you maximize your ability to do this, but keep in mind that audience building takes time.
If you want to get going quickly, energizing your existing fan base is the way to start. Most brands do this incorrectly, though, my simply sending a single blast email asking their past customers to follow them. That’s bad in 2 ways: (1) Many of your customers don’t use Pinterest and view this as SPAM, (2) the customers who DO use Pinterest and can help get your brand noticed aren’t being consistently engaged. PinMail is a clever solution to this issue, growing Pinterest engagement via email by targeting users with content relevant to the social networks they use most often. This builds true, lasting fans.
2. Does your boutique ship regionally, nationally, globally?
The internet is incredibly powerful because it can open up new markets and customers a local business would never have been able to otherwise serve. However, if the nature of your business limits the geographies you can serve, you’ll want to factor this into your strategy. A local boutique bakery looking for local customers only? Start by searching Pinterest for local users and building deep relationships with them. In this case, quality of engagement matters much more than quantity of followers. Conversely, if you have a high end fashion boutique that ships globally, you should focus on attracting influential users in your category (e.g. Women’s Fashion) who can help you reach many users. In either case, the Audience Engine can help you find the right followers on Pinterest without spending hours hunting them down.
3. How often does your inventory change? How large is your product selection?
Many ecommerce stores set up their Pinterest boutique and immediately pin their entire product catalogue. Don’t do this! Data shows you should share content from others’ sites more often than your own, especially while building your fan base. If you have a relatively constant product line, you could also run out of original content to pin over time. That means that later on, you’ll be driving traffic mostly to pins that don’t support your sales objectives. Think about the specifics of your business and how often you’ll generate new content. This should impact your content strategy.
4. Do you want someone to manage your boutique’s Pinterest account?
There’s no way around it: social media takes time. Lots of it. As a small business owner, time is probably not something you have. And while Pinterest (or other social platforms) may have great potential for you, not dedicating the appropriate time to use the platform well will guarantee that you won’t succeed. There are many affordable options if you want Pinterest experts to manage your account for you. For instance, at PinLeague, we offer Pinterest Account Management services for only $398/month. That’s ~10% the cost of a dedicated social media manager. That includes your own analytics dashboard and tools to grow your audience faster. If you’re considering this option we’d love to chat with you.