Credit: Screen shot of Pinterest courtesy of Pinterest
Product pictures posted on social image-sharing sites such as Pinterest and Polyvore are more than window dressing or eye candy for bored users. Retailers are discovering that they can also serve as profit centers as more and more consumers click through to product websites and make purchases after seeing pictures posted online, a new survey shows.
According to a March survey by Bizrate Insights, 32 percent of online buyers in North America have made a purchase after seeing an image on a social image-sharing site such as Pinterest, eMarketer, a research organization, reported. That includes 26 percent who were able to click through to the retailer from the image to make the purchase.
But there can be roadblocks. Discovering the product for sale is a challenge for both consumers and retailers, eMarketer said. Given that consumers often “pin” or post photos of items from blogs and other user-generated posts, it can require some digging for the consumer to get to the retailer or source page.
One in 10 potential buyers had trouble finding the products they wanted to purchase, according to the BIzrate survey, and 6 percent had to look for the product on another site because clicking the image did not take them to a retailer.
Roadblocks aside, Pinterest in particular is becoming an ever-more trusted network for female social network users looking for recommendations, eMarketer said. According to February data from BlogHer, 81 percent of active female Pinterest users trusted the site for information and advice — even more so than Twitter and Facebook.
"As image-sharing social networks like Pinterest, Polyvore, Discoveredd, Fancy and Juxtapost abound, retailers and brand marketers should keep a close eye on user behavior, especially as it relates to click-throughs and conversions," eMarketer said. "Although still evolving, the social networks appear to be a burgeoning social commerce opportunity for retail brands."
Reach BusinessNewsDaily senior writer Ned Smith at firstname.lastname@example.org. Follow him on Twitter @nedbsmith.