Marketers find a new communication tool with pinterest

Assignment Help Financial Management
Reference no: EM13768666

MARKETERS FIND A NEW COMMUNICATION TOOL WITH PINTEREST

For marketers adept at recognizing new opportunities, the online bulletin board Pinterest can provide their companies with a competitive advantage. Pinterest is used to share photos and other images among Internet users. Users communicate mostly through images that they pin to their boards. Other users can repin these images to their boards, follow each other, like images. and make comments. Links to websites can be added to the images to move more traffic to company websites, turning Pinterest into an effective digital marketing tool.

Larger companies such as Dell and Whole Foods are more involved on Pinterest, but some smaller businesses are using it as well. The Pinterest community is dominated by the female demographic, so companies that target women have the opportunity to reach them in innovative ways. Companies are marketing their products by posting images that evoke an emotional response representing their brand. For example, Whole Foods has topic boards on Pinterest featuring recipes. farm scenes, and more. One image features a Nicaraguan who received a small loan to buy materials for her business to support herself. This reinforces Whole Foods' philanthropic program of providing small loans to entrepreneurs in developing countries.

Pinterest also serves as a customer relationship management tool because the images people pin to their boards reflect interests and aspirations. thus allowing marketers to interact with users on a more personal level. Marketers can inspire an emotional response among potential customers with the way they organize their boards. The effectiveness of this marketing can be monitored by how many repins, likes. and comments are posted. Marketers are reporting increased web
traffic and sales because of Pinterest.

Discussion Questions

1. Describe how marketers can use Pinterest to enhance their marketing communications.

2. Why might it be better to post an image that conveys an emotional response rather than a simple advertisement?

3. Now does Pinterest act as a customer relationship management tool?

Reference no: EM13768666

Questions Cloud

Describe what is a sequence : What is a sequence. Which clause of a sequence cannot be changed with an alter statement
Write an essay on novels farenheit 451 and oryx and crake : Write an essay on novels "Farenheit 451" and "Oryx and Crake". For your Literary analysis essay, choose a certain themein each of the books That you think is the central message reagrding these themes.
Health informatics and resources compliment : How can health informatics and resources compliment health promotion efforts and produce behavior change?
Examples of asset-backed securities : Two specific, real-world examples of asset-backed securities with appropriate maturities and how they compare to a Treasury security of the same maturity in terms of the spread over the Treasury yield
Marketers find a new communication tool with pinterest : For marketers adept at recognizing new opportunities, the online bulletin board Pinterest can provide their companies with a competitive advantage.
Assignment on disaster recovery plan : This assignment consists of two (2) parts: a written paper and a PowerPoint presentation. You must submit both parts as separate files for the completion of this assignment. Label each file name according to the section of the assignment it is wri..
What will be the likely disposition of the case : For two months, Mark uses the lawn mower more than anyone. But then Johnny fails to make payments and the salesman sues Mark under the oral contract. What will be the likely disposition of the case
Sources of pollution issues : Discuss two reasons why access to safe drinking water is important for any population.
Write a paper on physical disabilities and health disorders : Write a paper on physical disabilities and health disorders. In order to demonstrate your mastery of this Outcome, you will develop a resource file of both national and local resources for each of the areas you have studied.

Reviews

Write a Review

Financial Management Questions & Answers

  What cash flow must the investment

You are negotiating to make a 7-year loan of $27,500 to Breck Inc. To repay you, Breck will pay $2,500 at the end of Year 1, $5,000 at the end of Year 2, and $7,500 at the end of Year 3, plus a fixed but currently unspecified cash flow, X, at the end..

  Describe the competitive nature of this industry

Assume that the demand for chalk is = 8 -0.1, where P is the market price and Q is the total market output measured in thousands of boxes of chalk. Suppose that there are three firms in this industry, each of which has a constant variable cost of $2...

  Fullerton wine company is a retailer which sells

Fullerton Wine Company is a retailer which sells vintage wines. The company has established a policy of reordering inventory every 30 days.

  Uses the proceeds to repurchase shares

O’Connell & Co. expects its EBIT to be $74,000 every year forever. The firm can borrow at 7 percent. O’Connell currently has no debt, and its cost of equity is 12 percent and the tax rate is 35 percent. The company borrows $125,000 and uses the proce..

  Here are key financial data for house of herring

here are key financial data for house of herring inc.earnings per share for

  You have established that a project portfolio is a group of

you have established that a project portfolio is a group of projects to be carried out under the sponsorship of a

  Compute the prospective costs of debt

Vale is the second largest mining company based in Brazil. Although it has recently expanded its operations in Africa, Asia, Latin America, it has not yet entered the North American market

  What semi-annual interest payments will ibm receive

IBM wants to swap out of $10,000,000 of fixed interest rate debt and into floating interest rate debt for 3 years. Assume the fixed interest rate is 7.625 percent and the floating rate is dollar LIBOR. What semi-annual interest payments will IBM rece..

  Explain the value and weaknesses of the gordon model

Explain the relationship observed between the required rate of return, growth rate and the dividend paid, and the estimated value of the stock using the Gordon Model. Explain the value and weaknesses of the Gordon model

  How much in new savings will frank have

How much in new savings will Frank have available at age 65 before subsequent withdrawals? How much will he have left at age 90? What is the present value of that sum at age 65

  What is the compound average annual growth rate

Bunge paid $3.25 in dividends in the most recent past year, which is the same amount they have paid in the prior two years. Ten years ago, Bunge dividends were $1.50 per share. What is the compound average annual growth rate for Bunge dividends over ..

  What is the yield to maturity of bond

What is the yield to maturity of a 23-year bond that pas a coupon rate of 8.25% per year, has a $1,000 par value, and is currently priced at $1,298.05? Assume semi-annual coupon payments. Round the answer to two decimal places in percentage form.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd