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.
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