The big problem with Pinterest is that pinners can’t make money with their affiliate links. Pinterest would be the ideal social network to use affiliate links because of the pictures, the ability to add the price to the corner, and the ability to write a long description about the product.
The reality is that affiliate links aren’t a way to make money on Pinterest. However, there is a way to make a lot of money on Pinterest. If you want to make money on Pinterest, then you need to take a look at PinBooster.
PinBooster is the Sponsored Tweets for Pinterest. Advertisers have offers, and by accepting those offers, you get paid. The advantage with PinBooster is that you get to choose which board the ad goes on. I have a Pinterest board called Advertisements which is where all of the ads go.
Another advantage of PinBooster is that the price per pin is greater than the price per tweet. Sponsored Tweets recommends that I charge over $25 with 24,000 followers. PinBooster recommends that I charge close to $10 based on my 3,303 Pinterest followers (I have over 4,000 followers, but the statistic isn’t updating on PinBooster). I decided to calculate how much I would be able to charge per pin if I had 24,000 Pinterest followers. With over 24,000 followers, PinBooster would recommend my price to be over $70 per pin.
The difference is how each of the social networks work. Twitter is a giant feed that is constantly getting updated. Tweets appear and then get pushed to the bottom of the timeline. Pinterest is more organized into boards which allows the advertisements to be seen by more people. As a result, the cost per pin is greater than the cost per tweet.
PinBooster is one of the best ways to make money on Pinterest. Once you start using PinBooster, all you have to do is wait for the offers to start rolling in.
UPDATE: Now PinBooster refers to themselves as Loop88. Here’s the link.
Please I want to used it but the pinbooster page is not working
PinBooster now refers to themselves as Loop88. Try http://www.loop88.com
Awesome post Marc.
I recently started using Pinterest and i admit it’s a lot more fun than FB and Twitter (perhaps due to the visual aspect of it.) In any case, it’s a neat platform for business/marketing and casual use alike.
I’ve noticed that the more pictures i share, the more people seem to return the favor and my profile has gradually built some momentum.
I suggest that everyone also installs a Pinterest plugin to your blog so that your readers can easily “Pin” any quality image available in your blog posts.
Hope that helps. Enjoy your day.
Elvis Michael
Hello Elvis,
I definitely agree that Pinterest is a neat platform, and I have been noticing that pinning more often does lead to more followers and repins. The Pinterest plugin is definitely a valuable tool that I have installed on my own blog. Anyone who drags their mouse on a photo can see the Pin It option. Pinterest is starting to become a major player and it is important for none of us to forget that.
how long did it take you to get a campaign?
it took me a few days to get the campaign. The best thing to do is have a targeted following and charge low per offer.
How can I delete a account on Pinbooster?
I’m not a fan of that idea, but if you are dead set, go to settings (click the gear) and scroll all the way down to the bottom. In blue letters, it will say, “Delete your account.”