Pinterest won’t be the Quora of 2012. Between combining adoption and usage rates, integrating to an existing social graph, and generating immediate results Pinterest is doing what other social networks haven’t been able to do for a few years.
While many people want to praise the beautiful layout and highly-visual design that make Pinterest a wonderful user experience I want to focus on what makes Pinterest different from Quora, Google+ and Path. All of these networks are beautifully designed, but so is Pinterest. Pinterest is different. The factors that make the latest hot social network different are:
- It has adoption and usage rates
- It is integrated to an existing social graph
- It is generating results … already … in beta
So what does this mean, and why do I think that these three simple points mean that Pinterest is going to do what many previous ‘next big thing’ social networks haven’t? Put simply, Pinterest has found a way to do one thing well and made it incredibly simple for people to use. Let’s take a finer look at each of these points.
Pinterest has adoption and usage rates: Google+ is fast approaching 100 million users. The impressive adoption rate for Google+ has been powered by some well-crafted TV spots, a summer’s worth of buzz (yes, that pun is on purpose) and Google pushing this product harder than Steve Jobs pushed the first Macintosh team.
The problem is, Google+ is only being used by a very select (though important) group of people.
While Pinterest is reported to have just fewer than 12 million users, during the final week of January, it had more US pageviews that Google+. Not only are folks signing up for Pinterest, they are addicted to it… I mean, using it. But, ‘Why?’ Read on, the second point speaks to why people are using Pinterest a such an astonishing rate.
Pinterest is built onto an existing social graph: Seth Priebatsch
stated in July 2010 that the social layer was essentially built. We had a robust Facebook and a burgeoning Twitter and he was largely correct. People want simpler ways to do more with their social networks, not more social networks that simply do one thing. – And here, we could digress into a conversation of what is a social network versus what is an app, but that’s for another time. –
Pinterest allows users to connect via Facebook or Twitter and imports some of your basic information to establish a profile. But, Pinterest doesn’t want to be a new social network that replaces the way you use Facebook or Twitter. Pinterest wants to be your new Farmville.
It is a welcome distraction that allows you to share things your interested in easily with your friends.
The social apps that have taken off over the past few years have been the ones that serve to augment the existing social graph, not replace it. Foursquare gave users something nice to add into their mix of Tweets. It gave us all a subtle way to brag about where we were travelling or where we had dinner. But it worked because while we could add our friend on Foursquare, we didn’t have to. Zynga has shown us time and again how to do this with Facebook. Give people something entertaining to do while exporting that experience to their friends’ New Streams and you could make quantum physics go viral.
Google+ wants to replace Facebook. It thinks that because it can help you organize your friends more naturally that you and all your fiends will be willing to make that effort. It’s not turning out that way yet. One notable exception is Instagram. It was handy for Tweeting from iPhones before iOS 5, but it didn’t get meaningful integration with Facebook until December 2011. What Instagram did successfully overlay was the iPhone community. Similar to the ecosystems and echo chambers that have been created on Twitter and Facebook, iPhone users can transform well-designed tools into highly used apps.
But, you may rightly be asking, how is that different from Quora. Quora was beautifully designed. It had adoption and high usage for a time. It wasn’t trying to replace Twitter or Facebook, and was integrated to your existing social graph. So what went wrong? Why did people stop using it? Usage of Quora declined because it only generated anecdotal results. Quora is fantastic don’t get me wrong. I look there for answers occasionally, but it wasn’t driving people to connect with me on LinkedIn, or converse with me on Twitter. It was fun, but I didn’t have anything to show for my time. Pinterest, however…
Pinterest is showing results … already … in beta: A variety of Pinterest users are seeing results in a variety of ways on Pinterest already, and it is still in beta. Brands are seeing additional traffic. In fact, in Q4 of 2011, Pinterest drove more traffic to retail sites than Facebook. That’s why brands like Gap are there, because Pinterest means big business. Bloggers are seeing Pinterest as a reliable way to boost traffic, so they are using Pinterest heavily too.
Finally, Pinterest is showing results for Pinterest. Through entrepreneurial, if aggressive, thinking Pinterest is adding affiliate links to some pins that do not have a user’s affiliate link in them to begin monetizing the site.
The fact that this site is monetizing, while in beta, should not be overlooked. It is the harbinger of profitability, which is necessary for longevity.
So to concisely summarize, since Pinterest is highly-visual, is heavily used, is augmenting not attacking the existing social graph and is showing results, it is going to be big in 2012 and beyond. What are your thoughts? Do you think I’ll be standing by this post in six months, or will I need to be explaining why I was wrong?