Everyone has tried out a corkboard. You put up coupons, Billy at baseball practice, and that wedding invite you're ignoring because they spelled your name slightly wrong. Pinterest is betting that you miss that corkboard. Meanwhile, companies are betting that they can make some money off your renewed interest.
Did someone say "disposable income"?
Pinterest is a visual blogging platform. Users can pin photos that they find online to a virtual corkboard and share a link to the image's original location. This naturally leads to people sharing links for favorite recipes, craft ideas, and, in a win for businesses, stuff they want to buy.
Pinterest's demographics are the main reason companies are getting on the scrapbooking train. According to a study by creative firm Modea, Pinterest hits a sweet spot for retailers. Women make up 68% of users, half of them have kids, and when they use the site they link to other sites. While a lot of those links point to craft groups (think glow-in-the-dark coffee mugs and pants made out of cookies), a growing number reach out to retailers.
And why shouldn't they? Retail catalogs are full of gorgeous photography of things that average Americans want to buy. Companies like Martha Stewart Living Omnimedia
The most important part of a Pinterest following isn't that it's large, but that a company can convert it into something meaningful. That means turning online interest into online sales.
There's a reason people don't live by the docks
Take Pier 1
Contrast that with what's going on over at Williams-Sonoma
Crafting a winning strategy
Finally, the biggest potential winner from the fake-corkboard craze is Liz Claiborne
What remains to be seen is whether Pinterest will really take off. We can all recall a dozen sites that grew wings and then flew directly into the plate glass window of the Internet. If Pinterest can keep tacking up memberships and provide more tools for online retailers, the additional revenue could be astounding.
The growth of Pinterest is a microcosm of a much larger shift in the retail experience. You can learn more in "The Death of Wal-Mart: The Real Cash Kings Changing the Face of Retail" by clicking here now. The report is fascinating, and in true Motley Fool fashion we'll tell you how to profit from this shift.