Pinterest offers advertisers a unique opportunity for its audience of 175 million users: the ability to catch them at all points of theirpurchasing lifetime. Brands can advertise against moments of discovery and people searching for and saving products, eventually pushing them down to the point of actually buying a product. But since it fired up its ads business, its had to give advertisers the kinds of tools theyre used to using. <\/p>\n
Now the company is starting to roll out the same image recognition that it uses to power its visual search and recommendations the same tools that will know to show you a cool stool based on that office chair you saw and liked to its base of advertising content. That means that instead of displayingjust on keywords and other kinds of traditional tagging, advertisers will get the benefit of their ad showing up next to a product that is related to the ad based on its core visual search technology. <\/p>\n
Pinterest president Tim Kendall unveiled the plans and showed off a few of the mechanics of it on stage at TechCrunch Disrupt NY 2017. <\/p>\n
Until now weve only applied the visual discovery tech to the organic consumer facing products, Kendall said. But the news is were now applying it to ads. Think about Pinterest, we have a depth and breadth of visual signals on products and services. Weve got all that information, we haveall these Pins, and the way that people navigate those pins is very visual. We leveraged the way people actually use Pinterest. We can identify colors, shapes, textures. Were able to understand the combined affect people find appealing, even when it cant be communicated in words. <\/p>\n
Tim Kendall (Pinterest) at TechCrunch Disrupt NY 2017 <\/p>\n
The ads for now will show up in the home Pinterest feed through Instant Ideas, a small circle at the bottom of a pin that jumps straight to related pins. They also show up in the related pins section when users tap a pin and blow it up on their feed. In the future, Kendall said the technology makes sense for its other products like Lens, its new real-world visual search product that works through your camera. <\/p>\n
The company is effectively flipping a switch, adding the relevancy elements to its existing ad inventory. Part of the reason for this is to improve the Pinterest experience in general if users see more relevant ads that look closer to the kind of content they are seeking on the service, theyll feel better about going to Pinterest. But given that Pinterest is theoretically improving the experience with that move, the company is hoping to show advertisers right away the impact of the addition of that technology to its ad products. <\/p>\n
The technology is getting better, its something wed always imagined that we do, and when youre building an ads business from scratch theres some things you have to build that are just standards, Kendall said. Were getting to that point now where weve hit parity in a lot of parameters. So were starting to be able to segwayinto differentiation and build things that other people cant. Or they could build it, but because of the nature of the products, this would make less sense. <\/p>\n
Pinterest has been tapping into new kinds of ways to help consumers identify and discover products and catch them at the moment they begin to get interested in purchasing something. Pinterests Lens, for example, helps collapse the distance between the discovery process on Pinterest and the real world, making it easier to get users to make a sort of mental note to look into a product later. As they save those products or start to search more in-depth for something, Pinterest is able to dig deeper into their behavior and figure out the kinds of things they like. <\/p>\n
All this is important as the company tries to convince advertisers that its not just a kind of experiment or curiosity. The company reportedly was on track to generate $300 million in revenue, an enviable number for any ad-driven startup. But if its going to make that leap from $300 million in annual advertising revenue to the kind of fire hose that Google or Facebook have created, it needs to be able to go to advertisers and show them a differentiated and equally powerful advertising opportunity. <\/p>\n
So while this may seemlike a small tweak, its actually one of the first times that Pinterest is really flexing its Pinterest-iness against its advertising products. A tool like this is a kind of actualization of the full promise of Pinterest helping people discover the kinds of products they didnt know they wanted, or the content they didnt realize they thought is interesting. Pinterest is in a unique position because most of the content on the service is products, which is by design because thats what the user base enjoys. Brands have a unique opportunity to tap that desire, making it one of the highest-potential advertising platforms. <\/p>\n
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Pinterest's visual search technology is coming to its ads - TechCrunch<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Pinterest offers advertisers a unique opportunity for its audience of 175 million users: the ability to catch them at all points of theirpurchasing lifetime. Brands can advertise against moments of discovery and people searching for and saving products, eventually pushing them down to the point of actually buying a product. But since it fired up its ads business, its had to give advertisers the kinds of tools theyre used to using. Continue reading