Do you want to add Promoted Pins to your marketing mix?
Are you wondering how to budget for a Promoted Pin campaign?
You don’t have to spend a lot of money on Promoted Pins for them to be effective.
Because they have long-term visibility, they’re a sound addition to your Pinterest marketing.
In this article, I’ll share how to build an effective, affordable promoted-pin campaign on Pinterest.
#1: Start With Effective Pins
While promoted pins are an excellent way to get the most visibility for your advertising dollar, it all starts with crafting a great social media image. Based on your business specialty or niche, create images that speak to your audience.
Also, use tall images to make sure your pins get noticed. They stand out better and command the attention of Pinterest users.
Give yourself a section of images and pin them ahead of time, so you have choices if you decide to test out various types of visual content using different small budgets.
Once you decide what image you want to use, here’s how to craft an ad for your promoted pin.
Note: Promoted pins are still rolling out in the United States. If you don’t have access yet, join the waitlist.
#2: Choose Your Objective
Go to your Pinterest profile and click the settings button next to Edit Profile to get to promoted pins in the drop-down menu.
Once you click the Promote button, you’ll see that Pinterest offers you two choices: Boost Engagement or Get Traffic.
To get maximum benefit from your promoted pin ad campaign, choose Get Traffic to Your Website.
Keep in mind this is a future strategy that does the promotion backwards. While you tell Pinterest that you want traffic to come to your website, what you really mean is that you want engagement for your pins.
#3: Create the Campaign
Give your campaign a name and then decide on what date or dates you want your promoted pin to be seen. Since the budget is low, you don’t want to stretch it out too long.
If it’s your first time promoting a pin, use Saturday as your day. The more you use promoted pins, the more likely you’ll find the best day for your brand. Keep fine-tuning this aspect of your campaigns.
Now, decide how much money you would like to spend each day. I recommend spending $10 for one day or spread $10 over two days ($5 per day).
#4: Select Keywords for Visibility
The next step is to pick which pin you would like to promote. Then use keywords to tell Pinterest where you would like it to be seen.
This is one of the most important things you can do to get your pin noticed. Keywords should include everything that anyone searching for what you have to offer would think of. So make sure you hit all of the right niche-specific terms for your pin.
Depending on your niche, you can see an estimate of how many weekly impressions your pin may get.
#5: Determine the Cost Per Click
After you set your keywords, decide how much money you’re willing to spend for each person who clicks on your pin to be directed to your website. This is where you may think you need a large budget to get good traffic. However, we’re not after traffic right now. We want the engagement in the form of repins.
Come up with a low cost-per-click (CPC) number. I usually offer 15 to 25 cents per click.
A low CPC ensures you won’t run out of money if people get click-happy.
#6: Review Campaign Results
Once your campaign is complete, review the results and wait for the resulting traffic.
For example, I only spent $5 on the campaign below. It received a lot of engagement and impressions at the time, and I’m still getting traffic from it today.
The point of this whole strategy is to turn small amounts of money into traffic generators for your website in the future. The 42 people who repinned this pin will show it to their followers. When their followers repin it, it opens up new reach for you on Pinterest. It just keeps snowballing.
After two promoted pin campaigns over 30 days, I received an extra 218 repins by using a low CPC and targeted keywords for my campaign.
Pinterest is a long game in terms of traffic, so a small budget goes a long way. People will always be pinning, and Pinterest rewards you for it.
Over to You
While many people think they need to spend a substantial amount of money for an advertising campaign to work, this is not necessarily the case.
This long-term strategy helps save money on ads, while giving you the greatest benefit. This is perfect for companies, but especially important for individuals looking to increase visibility and engagement at an affordable price.
Shared via SME
By Wade Harman
Published July 29, 2015