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The Promises & Perils of the Microsoft LinkedIn Acquisition

msft-linkedin

The ink is barely dry on the announcement that Microsoft has offered US$26.2 billion in cash to purchase LinkedIn and already the usual suspects are lining up to criticise or praise the deal.

Tech commentator Peter Cohan, writing on Forbes, reckons that “Microsoft Wasted $26.2 Billion To Buy LinkedIn” and offered up four reasons why, including these two:

1. The business social networking industry is not attractive
LinkedIn lost $166 million on $29.9 billion in sales in 2015. As a LinkedIn user, I cannot see anything worth paying for and I would guess that there are simply not enough people who see enough value in the service to make it worth “upgrading to premium.”

2. Combined companies will not be better off.
There is no scenario I can envision in which the combined companies will be better off. There is no reason to believe that Microsoft has the strategic skills needed to revive LinkedIn’s growth.

Recode added in another concern:

LinkedIn’s ad business is slowing down.
While recruitment services are the big sales driver at LinkedIn, advertising represents roughly 18 percent of LinkedIn’s business, a significant segment that has been trending in the wrong direction. When LinkedIn reported Q4 earnings earlier in February 2016, one of the concerns was that its ad business grew just 20 percent for the quarter year over year; that compared to growth of 56 percent in the same quarter the year before. Research firm eMarketer predicted LinkedIn’s U.S. digital ad revenue would fall from 35 percent growth in 2015 to less than 10 percent growth this year. In other words, LinkedIn wasn’t selling ads the way people expected it to.

VentureBeat is similarly negative:

Acquisition double-talk, part 1: On the one hand, this deal is all about the oft-vaunted idea of “synergy” (even if that word is not used). The idea is presumably to build LinkedIn into all sorts of Microsoft products. Great! But, does this mean I’m going to get all sorts of messages suddenly asking if I want to share my Word doc through LinkedIn or have some LinkedIn integration with an Excel spreadsheet…or…what? There’s a lot of talk today about how this is going to broaden Microsoft’s reach into all sorts of new channels for selling stuff like cloud services. But does one of the largest tech companies in the world really need to spend $26 billion to reach new customers?

Acquisition double talk, part 2: Structurally, LinkedIn is going to remain independent. Per the Nadella memo:

“LinkedIn will retain its distinct brand and independence, as well as their culture which is very much aligned with ours. Jeff (Weiner) will continue to be CEO of LinkedIn, he’ll report to me and join our senior leadership team. In essence, what I’ve asked Jeff to do is manage LinkedIn with key performance metrics that accrue to our overall success. He’ll decide from there what makes sense to integrate and what does not.”

So why do the deal?

Officially, according to the slide deck announcing the deal, key opportunities for the combined entity include:

  • Realize a common mission by bringing together the world’s leading professional cloud and professional network
  • Drive increased engagement across LinkedIn as well as Office 365 and Dynamics CRM
  • Accelerate monetization through individual and organization subscriptions and targeted advertising

LinkedIn’s CEO Jeff Weiner explained his perspective, in an email to employees:

Both [Weiner and Microsoft CEO Satya Nadella] recognized that combining [the two companies’] assets would be unique and had the potential to unlock some enormous opportunities.

For example:

  • Massively scaling the reach and engagement of LinkedIn by using the network to power the social and identity layers of Microsoft’s ecosystem of over one billion customers. Think about things like LinkedIn’s graph interwoven throughout Outlook, Calendar, Active Directory, Office, Windows, Skype, Dynamics, Cortana, Bing and more.
  • Accelerating our objective to transform learning and development by deeply integrating the Lynda.com/LinkedIn Learning solution in Office alongside some of the most popular productivity apps on the planet.
  • Realizing LinkedIn’s full potential to truly change the way the world works by partnering with Microsoft to innovate on solutions within the enterprise that are ripest for disruption, e.g., the corporate directory, company news dissemination, collaboration, productivity tools, distribution of business intelligence and employee voice, etc.
  • Expanding beyond recruiting and learning & development to create value for any part of an organization involved with hiring, managing, motivating or leading employees. This human capital area is a massive business opportunity and an entirely new one for Microsoft.
  • Giving Sponsored Content customers the ability to reach Microsoft users anywhere across the Microsoft ecosystem, unlocking significant untapped inventory.
  • Redefining social selling through the combination of Sales Navigator and Dynamics CRM.
  • Leveraging our subscription capabilities to provide opportunities to the massive number of freelancers and independent service providers that use Microsoft’s apps to run their business on a daily basis.

Those are enticing future possibilities, to be sure, but are they really worth 26.2 billion dollars? Some commentators were far more positive.

ComputerWorld provides some current context:

There’s a ton at stake here. Microsoft is slowly dropping out of the hardware business for smartphones as they make a bold move with apps like Outlook for the iPhone and a cool Bing app that provides quick info about movies in your area or local eateries. The world is going mobile, and LinkedIn is one of the first apps most of us install on a new phone. How can you not? It’s how we discover the news, find people to fill a new position, and how we connect socially during the day. Social networking is partly a response to the isolation that comes from working at a keyboard all day. When we need to keep doing business on the move, LinkedIn is one of the best ways to maintain business relationships.

I first realized this when I was working on an article about a new book called “Disrupted” by Dan Lyons. It was a bit of a diatribe against startups in general (and one in particular called Hubspot), and I was curious how people who like the company would respond.

There’s a lot of noise on Facebook, thousands of posts about graduation parties mixed in between serious business news. Yet, on LinkedIn, one quick check on a post by the founder of Hubspot revealed hundreds and hundreds of comments from people defending the company. This is why Microsoft is acquiring LinkedIn. It has become part of the fabric of business discussion. All of those comments are from “the LinkedIn community” in the best sense of the phrase.

The article … was filled with smart comments from people who actually have real jobs. It was filled with people who have something to say and a place to say it. Without LinkedIn, I’m not sure how anyone could parse a discussion like that down to something even remotely useful. Facebook is all over the board. Twitter is too condensed. When we say “woven” we mean useful, that it holds the shirt together. You can stretch it, pull it, drag it over the mud, and even tie-dye it and it will hold up to scrutiny. Woven means it is worth $26.2B and a high stock price.

Microsoft needed something woven, and the acquisition makes perfect sense. Some of their other ventures are a bit frayed at the edges. I’m not sure what will happen with Office, because I’m too busy using Google Docs on a Chromebook Pixel. I’m not sure what will happen with data centers that are so Microsoft-centric, when it’s becoming quite clear that there are thousands of cloud service providers that can do exactly the same thing for much lower costs. I’m not even sure what will happen with the Xbox or Windows 10. There’s some shifting sand beneath these monoliths, and you’d have to be crazy to predict they’ll be around in the same form for the next 10 years.

But LinkedIn? It will have a really long shelf life. It has the same deeply entrenched sustainability as Google ads and Facebook photo archives.

Meanwhile, PC World reckons that the primary reason that Microsoft is buying LinkedIn is to provide content for its digital assistant Cortana:

Picture a typical business trip: meetings all day, drinks at night. A good salesperson knows his or her contacts before he or she steps foot in the door. But that goes for coworkers as well: How you you make them feel comfortable? How do you make them part of a team? How do you let them know who to approach, both inside and outside the company?

All of this usually takes some effort on your part, or at least a competent assistant. And that’s the role that Microsoft hopes to play, especially with its digital assistant, Cortana, and Office 365.

Right now, Cortana provides some basic information about your calendar, suggesting, for example, what time you’ll need to leave to ensure you arrive at your next meeting on time. In Microsoft’s digital future, Cortana will be able to sum up what you need to know both about your business relationship, and what information you can use to cement a more personal connection, too. It sounds smarmy, but a good salesperson will tell you that an emotional connection helps seal the deal.

cortana

If the thought of Microsoft owning more data about you—well, you probably should go delete your LinkedIn profile, now. Microsoft already knows your calendar (Outlook), your meetings (Outlook), your coworkers (Delve) your accounts (Microsoft Dynamics CRM) and some of your expertise (Delve).

Inc magazine spells out a few more considerations:

What LinkedIn has that Microsoft wants is connections — business connections. And that’s critical to the latter’s strategy. Microsoft understands that computing and relationships to the business users that are its mainstay have changed. More people have moved to mobile, an area where the Redmond-based giant has struggled. Computing has shifted to the cloud, and while Microsoft is a significant player in that arena, it’s a far cry from the influence it wielded when companies all had their own servers, whether directly own and run or contracted out to a service provider.

As the statement noted, LinkedIn has 433 million members across 200 countries and territories and 105 million monthly average users. Sixty percent of its traffic comes from mobile, with 7 million active job listings. Two-thirds of its revenue comes from recruiting tools.

Not only does LinkedIn extend Microsoft’s quest to connect business users — Skype and Yammer both previous examples of the same interest — but there’s an amazing amount of data. Microsoft will be able to see what people are doing in business, who’s hiring, what the requirements are for various positions, and the like. To put it differently, this is a way to make the plans and expectations of companies all over the world transparent to a business that wants to sell them the technology they need.

Plus, Microsoft has software for contact management, customer relationship management, prospecting, and other activities that would dovetail neatly into LinkedIn. The social connections become a natural reason for people to take a look at what Microsoft offers.

Tempting or terrifying?

Paul Ford, Co-founder of product studio Postlight, suggests 7 amazing things that Microsoft could do with LinkedIn:

1. Microsoft could embed LinkedIn into Windows as a service.
This makes perfect sense: Think about how amazing Hotmail and Outlook could be if you could instantly write to anyone in your second-degree LinkedIn networks. Imagine how exciting it will be when you can beg your friends for an introduction to someone in their professional circles right from your email client with the push of a button. (This integration is the thing that could finally destroy email.)

2. Microsoft could embed LinkedIn into Microsoft Office.
Office is about doing things, and people do things socially more often than they used to. LinkedIn is a business social network, and it probably knows more about your company than the people inside the company do. Imagine if you came to a section of your Microsoft Word document that needed, I don’t know—some sort of forecast, or a description of a forthcoming product. You could draw a little rectangle and automagically trigger a request to someone from the product team, asking them to fill in the rectangle. Workflows like this used to be the stuff of fantasy and billion-dollar “unified object model” sinkholes, but Git/GitHub has shown that they can work, and they can work decentralized, and LinkedIn has the messaging network and “InMail” system to pull this off, given a couple hundred million dollars.

3. Microsoft could embed LinkedIn into other tools across their ecosystem as a “workplace” API.
LinkedIn knows a lot about what people do and Microsoft builds tools for doing lots of specific, difficult things (I.e. programming, project management, making diagrams, managing databases). If there was a single LinkedIn API that let you do things like: Look up people in your company; find relevant consultants; identify the skills needed to solve problems, etc.; that’s a kind of raw power that we don’t really see inside of most software.

4. Microsoft could turn LinkedIn into the Windows-default publishing platform.
If you want to write a blog post or share some thoughts with Microsoft where do you even go in 2016? I have no idea. Yammer? Windows Live Server? XBox? LinkedIn, for its part, obviously believes that it should be the publisher of record for every horrible list of “inspirational strategies” and mutual ass-kissing glurge that content marketers exhaustedly produce for lazy Fortune 10,000 CIOs. Anyway, there’s a huge opportunity here—become the communications platform of record for the entire global business world! However this is an opportunity that both parties have a proven ability to squander over and over again. We’ll see!

5. Microsoft could mine LinkedIn’s data in order to inform product strategy.
This is the sort of mega-opportunity, and also highly sketchy. Microsoft is a software company, sure, but it’s also a bit of a nation-state with an enormously broad mandate. LinkedIn is an unbelievable data-mining platform; it has the ground truth about the global economy, especially around the technology industry, and it has a lock on that data. Microsoft will know what’s going on with Facebook before Zuckerberg does; it’ll know what skills are being added to Googlers’ resumes; it’ll know what kind of searches HR departments are doing across the world, and it can use that information to start marketing its own services to those companies. It can use LinkedIn as a global knowledge base to make more informed, long-term decisions about its own role in the global economy, and it can combine that information with what it learns from other platforms like Windows, Office 365, Bing, XBox, and so forth. It can answer questions like, “are employees of Google playing more XBox or less compared to last year?” It’s…terrifying. And we’ll never really know what’s going on. Which makes it kind of brilliant. But still terrifying.

6. Microsoft could use LinkedIn’s data to create new advertising products.
Given the above, Microsoft now has an absolutely amazing advertising platform. I can’t bring myself to write much about this because it will make Amazon chasing you around the web trying to sell you another toaster seem like a fun game played by little babies. I mean you’re talking about one company that knows how often you open Microsoft Excel per day, and another that knows how long you’ve been in your current position and if your boss just got promoted. And now they are one beautiful blue company. And the world’s largest advertising agencies and media buyers are just sitting there with their mouths open trying to figure out what to do now. I bet someone will tell them!

7. Microsoft could improve LinkedIn.
Microsoft is Microsoft and will always be Microsoft. But if you look at the recent design work in its applications, it’s capable of first-class, consumer-grade interface design and product thinking.

Microsoft designs for people who have to do boring things with computers in order to make money. It’s the 9–5 software vendor. LinkedIn is the social network of 9–5, too. It’s also a tire fire of failed UX patterns; it looks like robot poop. That’ll be the part we see: When Microsoft slowly starts applying pressure, fixing the long-standing, painful bugs, improving the overall product experience, bringing everything up to code until LinkedIn looks like a fully modern, business-focussed social network. The part we won’t see, though, that’ll be amazing.

Our View
This acquisition is one of those “so big, we can’t afford to let it fail” deals which will define the success or failure of current Microsoft CEO Satya Nadella. Sure, as unkindly noted above by several of the industry observers, the deal comes with a number of pitfalls. But, as others have pointed out, there’s plenty of potential as well.

Without an acquisition such as LinkedIn, how else can Microsoft grow and prosper in today’s cloud-based, AI-enabled world, where:

  • Google follows us from desktop to tablet to mobile phone to smartwatch and senses what we want to know almost before we do, thanks to a combination of search queries, browsing behaviour and GPS-derived location awareness
  • Facebook knows who we know, what our interests are, what we like and what we talk about
  • Amazon knows what we want to buy, what we actually buy, how much we spend and what else we look at
  • Netflix knows what we watch, how long we spend watching, when and where
  • Digital assistants like Siri and Google Now are becoming more and more important in their users’ lives as the data gets richer, behavioural patterns are analysed and harnessed and intent and purpose are more effectively tracked

Microsoft, with much of its clients’ data locked in legacy PC-based systems rather than in the cloud, has been in danger of missing out on the 21st century’s most important innovation – effortlessly harnessing big data to meet users’ needs, with minimal user prompting.

Such data is at its most useful and powerful when it’s available at our fingertips when and where we need it — whether via Cortana, Microsoft Office, Dynamics CRM or otherwise. Let’s hope that the more positive future is the one that comes true.

PS If you’ve yet to discover the full potential of LinkedIn for yourself and/or your organisation (or still think “what’s the big deal about LinkedIn, isn’t just for listing your CV?”), you should check out our How To Use LinkedIn Effectively online training course.

We also delve into these latest LinkedIn developments in more detail in our new Social Media Refresher 2016 course, currently being rolled out.

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Atlas by Facebook

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Facebook is relaunching its Atlas advertising programme, enabling marketers to tap into its treasure trove of consumer data. Re/Code explains:

  • Facebook is reintroducing Atlas, the underused platform it bought from Microsoft last year.
  • Facebook says Atlas can help marketers track the effectiveness of their ads around the Web; it also says it will allow them to buy ads on non-Facebook websites and apps, using Facebook targeting data.
  • Facebook makes a point of saying these ads aren’t “Facebook ads.” But it is also playing up the notion that the ads marketers buy via Atlas will be more effective than other big ad platforms, because they use Facebook’s data.
  • Facebook says it is working with lots of partners, but so far has named only two. Ad holding giant Omnicom, which already has deals with Facebook, Google, Twitter and most other big digital players, says it will buy ads with Atlas. Facebook’s Instagram will also work with the platform. The most tantalizing notion I’ve heard this week is that Facebook has talked to Twitter about joining up, and that the idea remains a possibility.
  • What’s that? You’re worried about people using your Facebook data to serve you ads? Facebook says you shouldn’t worry, because your identity will remain anonymous to advertisers and publishers — they’ll just know some basic facts about you. But really, if you’re worried about this kind of thing you shouldn’t be on Facebook. Actually, the whole Web is probably a no-go zone for you. Sorry.

From a marketer’s perspective, the Atlas initiative is an inevitable development, as Facebook attempts to out-monetise Google.

As Pando notes, there’s another important side-effect to the Atlas initiative, as the world goes mobile:

Atlas solves a technical problem that has frustrated advertisers since consumers flocked to mobile devices: the inability to see how ads viewed on one device influence purchases made on other devices because digital “cookies,” the Web’s little stalkers, can’t track smartphone activity.

Check out the video, and check out Atlas, coming soon to a marketer near you.

7 Obvious Signs That Your Organisation Needs Social Media Training

Time and again, we’ve seen that Social Media amplifies – sometimes for good, too often for bad or worse. Say something stupid in social media and there’s a better than even chance that the whole world will find out about it, far sooner than you think.

There’s really only one solution (and even that’s not guaranteed): learn what you should and shouldn’t say on Facebook, Twitter, Google Plus, LinkedIn and all those other social networks. Get some training before it’s too late.

So how do you know if you need social media training?

If your organisation exhibits any of these classic errors.

7 Obvious Signs That Your Organisation Needs Social Media Training

Social Media Warning Signs

Get yourself social media training fast if your business makes any of these mistakes:

1. Asking open-ended questions (and then ignoring the responses)

2. Getting into an argument and insulting your customers and followers

It was the customer service disaster heard around the Internet. An Arizona restaurateur, fed up after years of negative online reviews and an embarrassing appearance on a reality television show, posted a social media rant laced with salty language and angry, uppercase letters that quickly went viral, to the delight of people who love a good Internet meltdown.

Amy & The Cakes #fail

 

3. Not replying to questions and comments on your social media platforms.

Too many brands simply ignore what’s being said to them, with entirely predictable results. This graph from SocialBakers shows which industries are the best (and worst) at responding:

social media responses by industry

 

4. All you talk about in social media is yourself

Only 10% of what you talk about in social media should be yourself and your own products or services. The rest of your discussions should be about things that matter to your followers. Don’t be like this Donut shop, constantly posting meaningless pictures of donuts and drinks to an audience that couldn’t care less (3416 followers but less than a dozen likes per image).

donut posts that nobody cares about

 

5. Nobody’s talking about you

As you may have heard, Facebook is dialing back its organic reach. What that means, in a nutshell, is that even if someone likes your Facebook brand page, it’s most unlikely that they will see your posts in their newsfeed. That means, to all intents and purposes, that you’re invisible to your followers — unless (a) you promote your posts to them; or (b) you write posts that are sufficiently interesting and engaging that they get shared by the few that do see them (and thus get out to a wider audience).

The Star Wars page on Facebook, for example, despite 11 million followers, was only averaging around 15,000 weekly talks — until May the Fourth (“be with you”), when interest surged and more than a quarter of a million people found Star Wars worth talking about again on Facebook.

May the Fourth Be With You

 

6. Everybody’s talking about you (but not in a good way)

Justine Sacco, head of public relations for UK media giant IAC, flew towards Africa in December 2013, blissfully unaware of the uproar caused by her final tweet before boarding her 12-hour flight.

Justine Sacco

Even though Ms Sacco had a mere 200 followers, the tweet went viral even while she was flying. Her tweet was universally condemned as racist, resulting in the hashtag #HasJustineLandedYet trending worldwide. Unsurprisingly, Ms Sacco lost her job, her former employer apologised profusely and several AIDS charities received donations from appalled twitterati.

 

7. You post too often (or too seldom)

How often should you post to your social networks? That depends on (a) your networks; and (b) your followers.

If you’re posting to Twitter, for example, and reaching out to a business audience, then posting (variations on the same information) at three-hour intervals during the business day is acceptable — very few will see more than one post, given the transient nature of Twitter.

On the other hand, posting to a consumer audience via Facebook should be less frequent, because posts are likely to linger more there. Take a look at your Facebook page Insights data (via your Page Manager dashboard) and view “When Your Fans Are Online” (under “Posts”).

when your fans are online

Post perhaps twice a day, at times that coincide with most of your fans being online.

fans online

 

Once you realise you need Social Media Training

We would be remiss if we didn’t point you to our range of social media courses: overview here.

  • If you want a comprehensive overview of Social Media Marketing, its principles and its practices, start here
  • If you want a rundown of the latest developments, check out our Advanced Social Media Marketing course here
  • If you want to market your business on Facebook but don’t know how, our Complete Facebook Marketing course is the place to start
  • If you’re already active on Facebook but think you could be doing it better, our Facebook Accelerator course could be the one for you
  • If you operate in the B2B space, we strongly recommend you learn How To Use LinkedIn Effectively
  • If you plan to use social media but won’t be hands-on yourself, you should take a look at our course covering How To Prepare An Effective Social Media Brief

Facebook’s Hottest Topics of 2013

It’s that time of year when the Internet giants crunch their Big Data and report on “the most _____________ of the year”.

Here’s Facebook’s contribution to the mix:

Conversations happening all over Facebook offer a unique snapshot of the world, and this year was no different. Every day, people post about the topics and milestones that are important to them – everything from announcing an engagement, to discussing breaking news, or even celebrating a favorite athlete or sports team.

Facebook analyzed the past year’s worth of these posts to reveal the top global trends of 2013:

Top Life Events
Check out the life events people added to their Timeline most frequently in 2013.

Most shared life events on Facebook 2013

Global Life Events

  1. Added a relationship, got engaged or got married
  2. Traveled
  3. Moved
  4. Ended a relationship
  5. First met a friend
  6. Added a family member, expecting a baby or had a baby
  7. Got a pet
  8. Lost a loved one
  9. Got a piercing
  10. Quit a habit

Most Talked About Topics
Take a look at the most mentioned people and events of 2013, which point to some of the most popular topics around the world.

Facebook's most talked-about topics

Global Topics

  1. Pope Francis
  2. Election
  3. Royal Baby
  4. Typhoon
  5. Margaret Thatcher
  6. Harlem Shake
  7. Miley Cyrus
  8. Boston Marathon
  9. Tour de France
  10. Nelson Mandela

“Election” appeared in many languages, and was the second most mentioned term on Facebook worldwide in 2013. With high-profile national elections in countries like India, Kenya, Iran and Italy year, it’s not a surprise to see it near the top of the list.

Facebook also took the pulse of regional conversations in 16 different countries (alas, not including New Zealand). Here’s what our neighbours across the ditch were sharing:

australia

Topics Shared – Australia:

  • Vote
  • Princess Kate
  • Cricket
  • Kevin Rudd
  • Grand Final
  • Election
  • GST
  • Lions
  • Tony Abbott
  • Big Brother

Top Check-Ins Around The World
Explore the places around the world with the most check-ins (excluding transportation hubs).

Most popular Facebook check-ins of 2013

  • Argentina: Puerto Madero, Buenos Aires
  • Australia: Melbourne Cricket Ground (MCG), East Melbourne, Victoria
  • Brazil: Parque Ibirapuera, São Paulo
  • Canada: Rogers Arena, Vancouver, British Columbia
  • Egypt: Sharm el-Sheikh, South Sinai Governorate, Egypt
  • France: Disneyland Paris, Marne La Vallée
  • Germany: Reeperbahn, Hamburg
  • Hong Kong: 香港迪士尼樂園 | Hong Kong Disneyland
  • Iceland: Blue Lagoon, Reykjavík, Iceland
  • India: Harmandir Sahib (The Golden Temple)
  • Italy: Piazza San Marco, Venice
  • Japan: 東京ディズニーランド (Tokyo Disneyland), Tokyo
  • Mexico: Auditorio Nacional, Mexico City
  • Nigeria: Ikeja City Mall, Ikeja, Lagos, Nigeria
  • Poland: Temat Rzeka, Warsaw
  • Russia: Центральный парк культуры и отдыха им. Горького | Gorky Park of Culture and Leisure
  • Singapore: Marina Bay Sands
  • South Africa: Victoria & Alfred Waterfront
  • South Korea: Myungdong Street, Seoul
  • Spain: Las Ramblas, Barcelona, Catalonia
  • Sweden: Friends Arena, Solna
  • Taiwan: 花園夜市Tainan Flower Night Market, Tainan City
  • Turkey: Taksim Square, Istanbul
  • United Kingdom: The 02, London
  • United States: Disneyland, Anaheim, California

We’re still waiting on Google to publish its most popular searches of 2013, but here’s Bing’s list.

 

 

Introducing Pinterest Place Pins

Now here’s something an advertiser can love: new Pinterest Place Pins. Digital Market Asia explains exactly what they are:

Pinterest has introduced a whole new initiative: Place Pins. With about 1.5 million places being pinned every day, Place Pins were designed to combine images with an online interactive map. This is powered with Foursquare’s location API, along with Mapbox’s map technology, to aid users to explore and plan travel trips which can then be shared with friends.

More advertising avenues, with a few things to remember
Although Pinterest currently doesn’t offer ads on the site outside of Promoted Pins, Place Pins have ad potential as Pin locations include information such as addresses and phone numbers. This can be especially useful for travel and tourism businesses to, for example, help visitors discover things to do in an area. There is however a list of things that brands need to know.

Available on iOS and Android: Not only can Pinterest users find inspiration and plan trips online, they can keep track of places they would like to visit while they are on the go, through the Pinterest app.

Any Pin can be a Place Pin: Any existing pin on a board can be updated to include geographical data by selecting ‘Add Map’ in the Edit section of a board.

Any location can be Pinned: Even if a location isn’t on the map, pinners can add locations of their own.

Make a site Place Pin-friendly: Pinterest have partnered up with various businesses such as Foursquare and Hotels.com that will automatically include location info on their Pins. This and Pin It buttons on site images make it easy for pinners to save places they want to go to.

Create a place board: Make sure the place boards reflect and are relevant to the brand. The actual creation of a place board is simple enough: select ‘Add a map’ when creating a new board or edit an existing board’s settings. After this, you can map all your new and existing Pins to the board. For some inspiration check out Visit Britain’s UNESCO World Heritage Sites in the UK.

In this example, the Visit Britain UNESCO World Heritage Sites page on Pinterest displays a map with clickable pins.

pin1

Clicking on any of the pins reveals a pop-up with more details about that particular destination and a button to learn more.

pin2

In this example, clicking on the Learn More button takes users through to the Foursquare site for more information.

The opportunities for travel and tourism advertisers are fairly obvious (and this Pinterest enhancement is especially designed for travel planning), but what about other marketers?

  • Any business that has more than one location could benefit from this facility
  • Alternatively, Pinterest Place Pins lend themselves to promotional usage, for example if you want to organise a treasure hunt or a car rally or any other location-based event
  • you could link yourself to other businesses in your region that offer complementary products or services

The possible marketing uses are really only limited by your imagination.