The following excerpt is from the article In Tracking Users, Pinterest Lays Groundwork for Ad Business, written by Cotton Delo and published on AdAge.com. Below, Delo discusses new developments from Pinterest that open the door for ads on the platform in the future. This change could offer a college stores yet another venue to promote their apparel to not only students, but fans and alumni across the country and, potentially, the world! Read the rest of his article for more information on the building blocks Pinterest is putting in place to prepare for future ad opportunities.
Pinterest is continuing to lay the groundwork for its ad business. The company announced that it will start recommending pins and boards to users based on sites they visit that have the "Pin It" button embedded.
It marks the first time the network has put the massive amount of information it has at its fingertips about users' web activity -- made possible by the ubiquity of the "Pin It" button -- to use. While the current implications of that data collection are limited to content relevancy, it's not hard to see what it could mean for the company's ad business -- which still doesn't exist -- down the road.
But for now, Pinterest will only use the data for recommendations. "If you're planning a party and have gone to lots of party sites recently, we'll try to suggest boards to make your event a hit," said a blog post explaining the change.
At the same time that the company announced that it will start making use of the data it collects about users, it also announced that it will let them opt out of data collection altogether. A "Do Not Track" option will now be available in account settings.
Would your store consider advertising on Pinterest through promoted pins or other venues? Share your thoughts in the comments section.