Our first step was launching campaigns using Pinterest’s conversion objective, so that bids would be optimized to achieve our goal of a lower cost-per-purchase. This optimization method helped us reach people with higher purchase intent.
We tested a number of targeting strategies across keywords, interests, and audiences. We utilized keyword and interest targeting to reach people searching for or showing interest in specific product types (chairs, stools, tables, sofas, etc.) and honed in on the ones that performed best in terms of driving sales. We retargeted site visitors and email subscribers to drive efficient purchases from people with existing awareness of Industry West, while expanding prospecting through actalike audiences.
We worked with Industry West’s design team to improve the creative used in Promoted Pins by following best practices, including using eye-catching imagery and text overlays to provide context.
We also used Shopping Ads to promote a wide array of Industry West’s products. These ads use data from Industry West’s online catalog to show Pinterest users the products that are most relevant to them. Using Pinterest’s product grouping capabilities, we segmented campaigns by product type and top sellers. In addition to prospecting, we used dynamic retargeting to reconnect with people who visited Industry West’s site, reminding them to purchase.
Throughout the course of a year, we achieved consistent decreases in cost-per-purchase and increases in return on ad spend. From September 2019 to August 2020, CPA on Pinterest was lowered by 2.9x and ROAS increased by 3.1.