As part of its second annual ‘Pinterest Presents‘ global advertising conference, Pinterest revealed a number of new changes and additions, including in-stream shopping improvements, promoted Idea Pins, and improvements to its Pinterest Trends tool, among other things.
The most important revelations from the event are the following.
‘Your Shop,’ a new, personalized shopping tab within the app, is a huge key addition. The new Your Shop display will present the most recent items and special deals based on your preferences.
According to the company:
“[Your Shop] is a place for people on Pinterest to browse, shop and buy – and it’s completely tailored to every single person’s individual tastes. That’s right. People on Pinterest will see a customized shopping surface, with brands and products based on their own activity and preferences.”
That’s definitely not as revolutionary as Pinterest would have you believe, but it should encourage more users to tap through on more things in-stream, with Pinterest’s algorithms constantly improving to deliver ever-more appealing product matches for each user.
However, this leads to the following update.
Pinterest is also launching a new direct, in-app checkout option for Shopify retailers to speed the next stage of the purchase process. This will make it much easier to get from inspiration to purchase without having to leave the app. This will result in more impulse purchases and shopping activity, which Pinterest wants to increase, especially because its usage has decreased in the last year after spiking early in the pandemic.
Pinterest has also announced the launch of a new Shopping API, which will make it easier for businesses to upload their product catalogs and use them to power their Pin product listings. Small firms, for instance, will not bother creating shoppable Pins if the catalog link is too difficult. Pinterest has been working on this for a while, with the new API being the most recent development.
Lastly, Pinterest is also upgrading its paid partnership process to make it easier to do branded content arrangements, which will give creators more ways to make money on the app and marketers more ways to use their expertise in Pin formats.