Pinterest influencers might soon be able to make a living directly from the platform. The company has its first set of monetization tools for creators.
Retailers have added hundreds of millions of on the platform, according to Pinterest. Users who click or tap on the pins can buy those products. Pinterest is now rolling out an option for users to tag (its ) with Product Pins.
The company says users are 89 percent more likely to be interested in buying an item that’s tagged in Idea Pins than ones they see in Product Pins. That’s perhaps because users can see how their favorite creators are using products and maybe take some inspiration from that. Creators can use affiliate links to receive a cut of sales generated though their Idea Pins.
Pinterest is adding another feature to Idea Pins — a “paid partnerships” label for creators who share branded content. Influencers who create content on behalf of a company can tag the brand in Idea Pins. Once the brand gives the tag the green light, the label will appear. The aim is to improve transparency and make it easier for creators to disclose paid partnerships.
“Pinterest is the place where creators with inspiring and actionable ideas get discovered,” Aya Kanai, Pinterest head of content and creator partnerships, said in a statement. “With this latest update, we’re empowering Creators to reach millions of shoppers on the platform and monetize their work. Creators deserve to be rewarded for the inspiration they deliver to their followers, and the sales they drive for brands.”
Product tagging on Idea Pins will initially be available on business accounts in the US and UK. The feature will hit other markets in the coming months. As for paid partnerships, select Pinterest users in the US, UK, Canada, Australia, Ireland, New Zealand, France, Spain, Italy, Germany, Switzerland, Austria, Sweden, Brazil, Argentina, Mexico, Chile, Colombia and Peru now have access.
Other visually focused platforms are focusing on ways to help influencers earn a living (and, crucially, to dissuade them from moving elsewhere). In April, it emerged Instagram is as well as a “branded content marketplace” amid Facebook’s to court influencers. Instagram has also since 2017.
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