Wanelo vs. Pinterest for your Brand

Pinterest and wanelo for business

Pinterest isn’t going anywhere anytime soon. It’s been rocking the visual content scene since its closed beta in 2010. It has over 70 million users (as of July 2013), with average of 14 minutes per session.

  • In fashion and retail, 18 percent of content engagement on Pinterest is driven by brands, 82 percentby community
  • 70 percent of brand engagement on Pinterest is generated by users, not brands
  • Pinterest pins that include prices receive 36 percent more likes than those that do not
  • Pinterest accounts for 25 percent of retail referral traffic

Then came, Wanelo, (also known as Want Need Love), in 2010.

  • Over 7 million products are saved 8 million times a day
  • Over 10 million users, up from 1 million in November 2012
  • Wanelo users spend an average of 50 minutes per day on the site
  • Products from over 200,000 stores, including major retailers to small independent shops

Yes, neither of these two channels are new per say. But they are still hot – for both brands and consumers. And if you’re still unsure, just check out how Nordstrom has expanded it’s use as of the past couple months – especially on Wanelo.

Wanelo, known for being a channel for younger females, has expanded the social commerce territory. It allows for brands to have another way to cross promote their products, and allow for direct purchase. Why is this better?

Let’s say I find the pair of black booties that I want for this Fall. However, there’s no link to the product, or if there is, it’s just going to a blog post. That’s not very helpful. Nor do I want to go to your site and search through pages of shoes to find the pair, and see that it’s already sold out. Make it easier for the consumer by being able to discover, fall in love, and purchase within a few clicks or swipes of a finger.

So let’s break it down further…

Pinterest Fashion Consumer Habits:

  • Search easier
  • Find what your friends love
  • Discover and plan your dream style and fashion wardrobe
  • Admire others, and follow influencers and brands

To learn more about Wanelo consumer habits and where your brand should focus, check out my full post on Startup Fashion

Nordstrom stays ahead of the Social Media Curve

Nordstrom, the brand that has been cutting edge in both mobile and social, has done it again. It’s kicking butt and taking names with another visual app. First, there wasPinterest, where they did a great job of integrating online and offline. The brand took loyal UGC content, and “pinned” their actual items within the store — showing what consumers preferred most. This allowed some consumers to feel special, and others to get intrigued and excited by their purchase. They were allowing consumers to tell their story, and become part of the Nordstrom story (and vice versa).

Linking online and offline, seems easy, but not always the case. It’s taking different sets of behaviors and figuring out how they work together. People have very unique mobile and social behaviors, and they not only by device, but also by channel. For example, a primary behavior on Pinterest is dreaming and planning. People plan their future homes, their weddings, the arrival of a new baby, or a summer vacation. Others dream about what that wedding will be like when they arrive their one day. And others are inspired by the dreams and planning of other Pinterest users and influencers. Those dreams and plans can become a reality when you walk into a store like Nordstrom and you see those sparkly heels for your Big Day. The bride-to-be is walking into the store to be inspired in person. She may also be on a mission and searching for something particular. And a store like Nordstrom, can help her search, and/or help her “discover” more than she had thought she could find or imagine. It connects her online inspiration, with her in person discovery.

Recently, Nordstrom helped their audience connect with the products they “want” and “need” from their mobile behaviors to their in-store behaviors through Wanelo. They are are integrating social TV displays within their physical stores. This will allow the younger audience (mostly female) to be inspired and discover along with other fellow fans – what is most loved and wanted by others. Along with Pinterest, and sites like Polyvore, Wanelo allows for unbelievable engagement with products as well as referral traffic to sites and points of purchase. And if Nordstrom’s 1.2 million followers on Wanelo, wasn’t enough proof, check out these stats:

  • Wanelo went from 1M to 10M users in 2013
  • With 200,000 product uploads, Nordstrom had 30 million product saves by consumers
  • There was an average of 343 saves per Nordstrom product

I am sure the in-store integration will  not only increase the awareness and engagement for Nordstrom, but bring the awareness of Wanelo itself for other brands through the offline audiences. Fashion brands, take note - social shopping apps like Wanelo are a gold mine for style trendsetters and fashionistas alike. And this isn’t to say that other brands can’t excel. When it comes to home decor, it’s a similar playing field (with a lot less players). Get after it.

Sources: Racked.com; Buzzfeed.com; Techcrunch.com

This post was originally written for socialnomics, and can also be found here