The site is addictive: you can surf effortlessly through a never-ending stream of images that is constantly being compiled by users of the service. Once you've started, you can't get away from it for a whole 15 minutes and 40 seconds, if the data from Google's Doubleclick Ad Planner for an average session length is to be believed. It is not only the unusually long duration of use that is remarkable, but also the fact that women make up the majority of users.
Once a browser extension is installed, all you have to do is select a visual element of a website to immortalize it on a virtual pinboard on Pinterest. Short comments and keywords (tags) can be added and, above all, the image can be assigned to a category (noteworthy: the audience curates content). And many things work in the same or a similar way to other social networks: Anyone who likes a user's collection on a topic can subscribe to it, comment on the individual content and, above all, share it themselves on their own pinboard. The iPhone app can also be used to pin pictures from out and about (e.g. with inspiration from a shopping trip). And to increase the reach of your own pinning activities, new pins can be shared via Facebook or Twitter. Because it's so easy and playful, many see pinning as the new tweeting.
The site has long since found numerous applications: Artists (such as creative advertisers) use it to organize inspiring images, professional and amateur chefs use it to keep a collection of recipes, shopping lists can be kept visually, as can ideas for decorating different rooms in a home. It is already common for bridal couples in the USA to use Pinterest instead of thick ring binders to elegantly organize their wedding planning online and share it with friends and family. Individual pinboards can be shared by several users, allowing the service to be used for project collaboration. In the 21st century, visual communication dominates, especially when it is effortless to use: Pinterest is a simple and enjoyable pastime for people who like to be inspired by excursions into worlds of images. This makes it a pleasant alternative to the verbose flood of information that we are exposed to everywhere on the Internet (news sites, Twitter, Facebook, etc.). Above all, it makes it easier to participate, because pinning is enough - additional comments are useful, but optional. Pinterest is based on visual impressions and, from a popular psychological point of view, appeals to people with a dominant right brain, which is responsible for emotional, creative, pictorial and artistic aspects. And that also explains why not everyone thinks Pinterest is great: Where the world is primarily understood and handled with the left brain (logically, analytically, linguistically), the extensive lack of abstract information only generates a perplexed and dismissive shake of the head.
Money is already being earned
Pinterest was launched in December 2009 and was initially intended as a recommendation site for shopping (so-called social shopping). Although the site is still not freely accessible to the public, but only by invitation (so-called private beta), it has recorded steep growth rates in the USA since the summer of last year. Exact figures are not available, but in December the online market research company Hitwise reported that Pinterest receives 11 million visits per week, placing the start-up among the ten largest social media networks. A report by Shareaholic (a leading provider of an online sharing tool) recently attracted attention, stating that Pinterest generated more web traffic in January than Google Plus, YouTube and LinkedIn combined.
While the three Pinterest founders and their company Cold Brew Labs, a start-up in Silicon Valley near Palo Alto in California, were initially able to raise 10 million dollars from venture capitalists and a further 27 million in October, industry observers began to puzzle over how the site would ever make money. The usual recipes were offered: Stay free for as long as possible and without annoying advertising in order to achieve the widest possible reach, which can then be marketed. Or: generate revenue with advertising and sponsorship and highlight entries in return. Or: Selling apps and premium features. Or: selling processed usage data for targeting. A particularly clever variant has recently come to light: Pinterest is already earning money by changing users' pins. If a pinboard entry has a link to a product, which is very often the case, this link is exchanged for your own links with an affiliate tracking code. In this way, the start-up receives a commission on all sales made in this way. The idea is not the result of the company's own efforts and is also not new, but is an offer from Skimlink, which specializes in this form of website commercialization. It will therefore be interesting to see whether Pinterest will get off to a flying start with such social commerce activities alone. It also remains to be seen how the company will deal with accusations of copyright infringement.
Others are convinced that there is money to be made with this concept. The Pinterest concept has already been copied several times, sometimes with a strikingly identical layout. Because the original mainly attracts a female audience, there is Gentlemint, for example, which is primarily about "male things". Pinspire was launched in Germany and a lot of German content is also available on Openpin. These clones take advantage of the fact that the technology behind Pinterest is generally available. Part of Pinterest's success lies in the fact that two independently developed methods are used here in combination: Firstly, the technique of endless scrolling, as new content is continuously reloaded from the server without the user having to keep clicking on a link to go to a new page. On the other hand, solutions for a so-called masonry layout, as differently sized image elements are arranged in such a way that a seamless display is always created. There are already voices that consider this type of web design to be forward-looking.
Even if it is still unclear whether the Pinterest phenomenon can be classified as temporary hype or a permanent trend, the question for companies is what benefits can be achieved here and how best to proceed. There are already numerous insights and considerations on this in the American industry blogs.
Difficult Switzerland
It is now questionable whether Pinterest, like Facebook, will make the big breakthrough in Switzerland and become a mass phenomenon. Similar to Twitter, with which it can be compared, a hesitant spread is to be expected, mainly due to its US origin and orientation. For worldly avant-gardists, this may be the attraction, but it hinders access for a mass audience. Especially as the name of the site is also at odds with the local linguistic landscape, it is to be expected that Swiss content will be slow to appear and spread on Pinterest. It would therefore be easy to launch a clone for Switzerland. As described, this is not a major technical challenge and could even work - except for the commercialization: this requires quite extraordinary ideas for our small and fragmented market area.
Christoph J. Walther