and retail in general ...
pinterest just LAUNCHED it and it looks awesome
And this is why everyone is adapting and investing heavily into AI, integrating it into their marketing strategies because IT WORKS for search, engagement and CONVERSIONS = $$$$.
Read further, I think I found the AI solution for home furnishing retailers and it works too. The company, that may be our AI savior for home furnishings.
So, why am I writing about Artificial Intelligence you ask? Because embracing this phenomenon is not a fad, it is in everyday life experiences. Think everything Google, Siri, Amazon, virtual assistants and now Pinterest. You know that social platform where people interact with HOME FURNISHINGS!
Think how you search today. You may start with key words/descriptions, but when you see something you like, what do you do? You try and find “similar” products
Think how people/you search today. You may start with key words/descriptions, but when you see something you like, what do you do? You try and find “similar” products.
Think Amazon. When you find a product, you think you like, it feeds you “like and/or similar” products below your image. And they also feed you – “Other people purchased”. That’s artificial intelligence working … for you/consumer.
By now, everyone knows that follows me I have a passion to help our retailers drive my traffic, to their website and their brick and mortar store.
Having lost close to 40% of our brick and mortar stores in the home furnishings category is nothing short of devastating. There are just too many excuses that people use for this demise, many are valid, and many are not.
Excuses are defined as:
"An attempt to lessen the blame attaching to (a fault or offense); seek to defend or justify. To release from an obligation or duty."
Pinterest is now ALL IN with AI and You Can Too
Here’s the basics about this:
At Pinterest, we’ve developed new experimental technology that, for the first time ever, is capable of seeing the world the way you do. Now there’s a way to discover ideas without having to find the right words to describe them first.
Essentially it is VISUAL SEARCH. You see it, you like it, it will show you similar images. Here is why they say it works
“Early information technology used words to connect ideas, like hyperlinks,” co-founder and chief product officer Evan Sharp said. “Search engines we built today have drafted on that, they rely on words to get you answers to your questions. But when it comes to searching for ideas, words aren’t the right way. Sometimes you don’t really know what you’re looking for until you see it.”
Exactly and when it comes to home furnishings, we have a language all to ourselves
According to a new study by researchers at the University of Minnesota and Georgia Tech the most popular topics on Pinterest for women includes:
MOST PINNED CATEGORIES:
MOST BROWSED CATEGORIES:
Holidays & Events
men on pinterest
The best part of this concept is their Pinterest Boards convey your customers taste and preferences and their search for what inspires their design has been narrowed significantly.
The best part of integrating artificial intelligence is that it works for your website, your sales people, designers, merchandisers and more.
Think about how this could work on your website
Video example below
Those that have a narrow your search have terms like transitional or other terms we as an industry use that consumers have no clue what that means, frustrating people on the website looking for what THEY want. (Take a look at your "time on site" analytics. If it's less than 90 seconds, you have a problem).
Enter AI ...
- Customer finds something they like and they click on it. The AI App takes over and immediately shows “like” products.
- Customer takes a picture, or has the URL of the product they are looking for. They upload the picture into your AI App, or paste the URL and it finds “Like Products”.
Take the information below as an example.
Customer finds this hot red sofa and either clicks on it, uploads a picture, or copies & pastes the URL
For items that are not tagged with color or possibly tagged incorrectly with a color, they can tag every product in a catalog with it’s EXACT color (RGB value). Additionally, this allows the use case “I’d like to see a similar red couch but a darker shade of red”
Additionally, if they are given your full catalog, they can analyze your "METADATA" and find errors and items that may be tagged incorrectly for common search terms
How it works for rugs - same principal, different product category
and lighting ...
How about as a sales tool in-store
Now you have even more reasons to put everything you have open to buy in your website to compete with all those e-commerce goliaths … you know the companies that all do ONLY special order because they don’t have storefronts.
I did a demo with this company, and it looks awesome.
THE FURNITURE WARS - HOW AMERICA LOST A $50BN INDUSTRY –
And How We Will Continue To Lose Even More If We Don't Change.
Losing your business, laying off employees and having to revert to that ubiquitous LIQUIDATION SALE
about bill napier
Bill Napier is Managing Partner of Napier Marketing Group. He has been the chief marketing officer of several small, medium and large companies throughout his career, most notably Ashley Furniture Industries Inc.
Many in the home furnishings industry call him an industry serial disrupter. "His thought provoking blog will challenge conventional wisdom, look under the industry’s hood and seek to uncover the critical clues to improving its performance".
Bill is also a featured writer and speaker in the retail industry. His vast understanding of the issues retailers and brands face competing in the digital arena, coupled with his humorous interpretation of his knowledge of trends, facts, and solutions for helping companies compete, makes for an engaging and informative session for every brand or retailer that attends his sessions.
His passion is to help retail brands & brick mortar retailers grow their business by creating, guiding and deploying successful marketing B2B/B2C solutions integrating traditional marketing with the web/social media.
You can see his passion for this at his FREE marketing information website; www.social4retail.com