Q&A with Jonas Hagströmer Theodorsson, Co-owner and Global business developer Ecommerce at Keywordio and AdHelp.io

Jonas Hagströmer Theodorsson, Co-owner, Global business developer Ecommerce at Keywordio and AdHelp.io, is a frequent speaker @Google, Stockholm School of Economics and IHM Business School on topics related to growth for global e-commerce companies. Jonas joined Keywordio because he loves working with extraordinary e-commerce clients in a global environment where the combination of digital talent and AI is the only way to beat the competition.

I would say profit marketing is all about starting to understand your assortment, what part of your assortment is working and where you make your money.



MEDIA 7: So, let's just begin with how it is to work with top performers from Google, focusing mostly on online marketing. Could you please tell us a little bit about the experience?
JONAS HAGSTRÖMER THEODORSSON:
I love working with extraordinary people. Daniel and Morten who founded Keywordio was really that kind of people: very ambitious, always learning and trying to do better in every aspect of their lives and at the same time having fun. So, finding people who are extraordinary in their talents; who are very humble; very curious, and open to learning - those are the three things that we always make sure of when we find talent for our teams all over the world.


M7: How do you help businesses accelerate their performance marketing on Google Ads, Google Shopping, Facebook, and Instagram?
JHT:
So, I meet about 2-3 founders of e-commerce companies in India every day. And what is interesting is that I see a clear pattern that many companies face the same challenge. You have started an online business; you have started to sell and some of the online marketplaces- could be Amazon, Flipkart, etc. - and then you realize that you need to buy the customer every time to make a sale. And then you realize that there's not much profit left for you. So, what do you do then? Then, you basically start a webshop of your own, trying to get people to come in. And then of course, how do you do that efficiently? Well, you start running GoogleAds, you start running Facebook, you start looking at YouTube for other channels. And I see a lot of people do not look at the assortment of their product marketing at the beginning and they often don't know how much to spend on marketing to acquire a customer. So we help the customer understand the profitable level to run a business. And when we do that, we end up finding a lot of new insights that we then use to run Google Ads, Facebook and Instagram for them in the best possible way.

So let's say you're selling sneakers. Now, it might be too expensive to run Google Ads in Mumbai for sneakers, for example. You may not be profiting from the clicks because it could be that the cost per click is very high in Mumbai. It might be that you actually need to kill that path and make that ad run somewhere else, where you can get the customer in and still be profitable. Of course, you can be a company that has venture capital and you have a lot of cash in the bank, but still, I think running a healthy business where you are profitable and can scale the profit is really essential. And for that, you need to combine Facebook, Instagram, with state-of-the-art Google Ads, and that is what we are solving for the customer.


I see a lot of people do not look at the assortment of their product marketing at the beginning and they often don't know how much to spend on marketing to acquire a customer.



M7: Let’s talk about you your speech at the Global Digital Marketing Summit Edition for this year where you spoke extensively about profit marketing. Could you please tell us a little bit about it; what is profit marketing and how it is beneficial for us at the moment?
JHT:
I would say profit marketing is all about starting to understand your assortment, what part of your assortment is working and where you make your money. And then connect that to your marketing effort, which is profit, and marketing. It sounds simple, but it's really hard to do. And what I see is, that many times you have this disconnect between the marketing teams and their understanding of profits. So the marketing team just says, "Okay, we can spend this amount of money for Google Ads." This disconnect between this basic understanding and marketing scheme is quite common and it must be worked on together. It is also important that the founder and the CEO or the CMO or even the Board needs to understand how to efficiently run a profit marketing business today.


M7: Keywordio has a free online course about profit marketing. What does it provide for our readers?
JHT:
This is something we like to share, and that's why we put it out as a free online course. It's a 45-minute video. There's also a tool in Google Sheet where you can play around with your own numbers yourself and find out what should my returns on ads really be. All of this is free. It takes your requirements into account and I promise you, you will be better off when you've taken this course and you've started to play around with this Google Sheet yourself. So, invest one hour in the course and then invest one more hour of work to think about it and I promise that you will be smarter with how you spend your marketing money afterwards.



I can promise you that there will be a much larger amount of people using the internet to buy things online in the future.



M7: Speaking of events, Keywordio is also hosting an event this October, "How to Combine Organic and Paid in TikTok for your E-commerce". Will you be speaking at the event?
JHT:
Yes, I am going to be a part of the event. Unfortunately for our customers from India, TikTok is not allowed. I think India’s just such an interesting market. Because if you look today, around 45% of the population is using the internet. The proportion is extremely low compared to other parts of the world. So, the potential for the growth of e-commerce in India is just enormous.I can promise you that there will be a much larger amount of people using the internet to buy things online in the future. But no matter what the marketing channel, be it Snapchat, TikTok or some other social media app, it's always quite cheap in the beginning because it’s largely a bidding platform to serve ads. Say, for example, you run a Google Ads for white sneakers and there's an auction going on behind every Google query. But if there's only one bidding, it’s not gonna be much of an auction. The price will be quite low, right? Today, there is high competition and there's a lot of people bidding on Google search queries and that makes the price go up. So when TikTok is launched in countries, the price is set very low, which is why it is very cheap in the beginning. That is what we are going to talk about in the upcoming event. 


M7: Speaking about the internet market, what are the best ways to boost your business visibility online?
JHT:
It's always good if you can figure out the two different types of e-commerce groups. There are direct consumers. For example, you have your own sneakers that you are designing, producing, and then selling -  it's your own brand. And then you have other online stores where you are selling other companies' products. So for the one-brand stores, it's often about building their brand, getting people to know you. And if you only have one sneaker, then you need to look at performance marketing in a certain way. And if you're working with a single brand, then, typically you use Facebook or Instagram more and focus on building the customer journey with awareness ads. But if you have a multiple-brand store and selling maybe hundreds of different sneakers, then you should start at a different point in the customer journey. Then you have to look into how many people are looking to buy, for example, green sneakers, size 43, online today in Mumbai. Because if you target your marketing there, you will have better returns on investment. And then you can build more brand awareness long-term. That's probably the most efficient way. So it’s most important to understand what kind of business you have, and the point of the customer journey to start your marketing from.


M7: That's some really good advice. There's always so much changing around the world that is always changing. What do you read to stay on top of your game at all times?
JHT:
I like slow reading. What I mean by that is, when I buy a book, I always read the transcripts of the book before and when I read it, I always take notes simultaneously. And then I try to collect the most important things from these books. So, I don't try to speed-read or read a certain number of books. I have a long reading list. But, I only try to focus on the important things in these books. I love reading about human psychology and behavior in terms of how to actually design a product that people will love and will keep coming back for. The last book I read was The Hook by Nir Eyal and it’s actually about how you create and market products that people are gonna keep coming back for every day. So, I read the summary of the book for 10 minutes, then read the book and take a lot of notes, and then I reflect on it. So that's how I always read. And that's how I learn.

ABOUT KEYWORDIO

Keywordio is an ad technology company developing new ways to improve digital marketing for companies to boost their performance. Their approach is defined by their desire to always make their clients grow. The algorithm that they have developed optimize online marketing and generate fantastic results for ther clients. Therefore, Keywordio is always committed to ensure their clients' experience growing revenues and results. Founded by former Google employees they follow the motto: great is not good enough.

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Attain and Experian Collaborate to Help Unlock Cross-Device Outcomes for Advertisers

PR Newswire | January 08, 2024

Attain, a leading permissioned commerce data platform that powers real-time purchase measurement and outcome signals for brands, is pleased to announce a strategic collaboration with Experian, the world's leading global information services company. By leveraging Experian's identity graph, this collaboration will unlock cross-device outcomes for advertisers in a cookieless environment. With the growing number of devices and platforms used by consumers, the need for precise audience targeting and refined marketing strategies has become increasingly important. Through this collaboration, Attain will integrate the Experian identity graph into its system, expanding the reach and addressability of its active user base of more than six million consumers. "We are continuously impressed by the caliber of Attain's customer base and our ability to fortify it with additional identity markers," said Greg Koerner, Vice President of Digital Advertising Sales, at Experian. "By harnessing the power of Attain's extensive outcome data and the Experian identity graph, we can easily offer marketers new avenues for reaching their target audience across multiple devices and channels." This integration will enable Attain to seamlessly connect with consumers across multiple devices, including mobile and CTV (connected television), offering innovative solutions to advertisers in an ever-changing digital landscape. With over 126M households, 250M individuals, nearly 500M MAIDs (mobile ad IDs), and 200M CTV IDs in Experian's identity graph, this integration will unlock vast opportunities for marketers to reach their target audience and measure campaign performance accurately. It will also allow Attain to align advertiser data and showcase significant correlations across various media channels, making their marketing tools more powerful than ever. "We're taking a major leap forward in enhancing our advertising capabilities by incorporating Experian identity graph into the Attain platform," Brian Mandelbaum, CEO of Attain, said. "With this integration, we can seamlessly align advertiser data and demonstrate outcomes' true impact and correlation across different media channels. This not only provides our customers with a more comprehensive view, but it also enhances the effectiveness of their advertising strategies." This collaboration will enable Attain to offer advertisers a more holistic reporting approach and provide them with a more comprehensive understanding of cross-device outcomes. Those utilizing the Experian identity graph through Attain's services can resolve to a single consumer profile, combining IPs and Universal IDs with CTV IDs and MAIDs. About Attain Attain's mission is to empower marketers to drive better outcomes by providing access to first-party permissioned commerce data. Powered by a portfolio of apps, retail loyalty account linking, receipt capture, and survey results, Attain is uniquely positioned to provide deeper insights into how, what, when and where consumers spend their money. For more information on Attain, visit attaindata.io. About Experian Experian is the world's leading global information services company. During life's big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals take financial control and access financial services, businesses make smarter decisions and thrive, lenders lend more responsibly, and organizations prevent identity fraud and crime. We have 22,000 people operating across 32 countries, and every day, we're investing in new technologies, talented people, and innovation to help all our clients maximize every opportunity. With corporate headquarters in Dublin, Ireland, we are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index. Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.

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Ad Tech and Martech

SugarCRM Announces 2024 Customer Breakthrough Award Winners

Business Wire | January 24, 2024

SugarCRM, provider of the award-winning AI-driven sales automation platform, today announced the global winners of the 2024 SugarCRM Customer Breakthrough Awards. Winners are: Customer Experience Breakthrough Award – Empresas ADOC, a Central American retail company, is recognized for using SugarCRM to drive business growth and improve customer engagement. Using SugarCRM, the company significantly improved customer service quality and customer retention, reduced customer churn while establishing its “Puntos ADOC” loyalty program that attracted over 600,000 members, representing more than 20 percent of total sales. ADOC has a rich history of using high-quality materials and specialized techniques to produce outstanding products that meet the needs of its customers. ADOC is a customer-driven business supported by a culture dedicated to enhancing customer satisfaction and building strong, lasting customer relationships. In addition to its own branded footwear, ADOC also has partnered with international brands, including Hush Puppies, The North Face, CAT, and Steve Madden, to create a complete shopping experience for its customers. Industry Excellence Breakthrough Award – Reusable Transport Packaging, a leader in sustainable transport packaging solutions, is recognized for using SugarCRM to improve its bottom line, unify customer data, streamline processes, and increase sales efficiency, resulting in a 20 percent revenue growth year over year. A key strategy in its growth is the use of Sugar Market for regular email communications, which keeps customers, distributors, and leads informed about new products, pricing updates, and other relevant industry news. Marketing Excellence Breakthrough Award – The Swedish Institute (SI), a Swedish government agency, is recognized for its innovative approach to data management and customer engagement. The Sugar Sell and Sugar Market platform integration centralizes data, segments audiences, and automates responses, significantly enhancing marketing efficiency and improving engagement with international students and alumni. The Swedish Institute saw an increase of over 31 percent in lead volume since implementing SugarCRM and boasts a best-in-class 40-to-50 percent open rate on marketing emails. Sales Excellence Breakthrough Award – J&J Ventures Gaming, LLC, a leader in gaming and amusements and one of the fastest-growing companies in the U.S., is recognized for implementing Sugar Sell to consolidate customer accounts and interactions into a centralized communication hub across sales, marketing, and account management. Streamlined sales processes have established a new model for sales excellence for the J&J team and its growth in the gaming industry. Service Excellence Breakthrough Award – Super General Company of the Albatha Group in the UAE is recognized for revolutionizing its service operations with Sugar Serve. Working with Sugar partner Ambit Software, Super General successfully implemented a repair and maintenance service platform, including a field management application for efficient case handling and simplified technician dispatching. Due to increased efficiency and workload management, the number of cases per technician has surged by up to 26 percent, alongside a 10 percent increase in first-time fix rates. Other notable achievements include a significant increase in call closure rates and substantial improvements in customer satisfaction scores. Customer of the Year Breakthrough Award (Asia Pacific) – zazen Water, a provider of alkaline water solutions in Australia, is recognized for its use of SugarCRM to support business growth and customer satisfaction. Through strategic integrations, zazen Water automated its business and customer service operations to streamline high-order volume processing. Notably, during its Black Friday and Cyber Monday 2023 campaign, zazen Water managed a significant order peak, accomplishing its same-day dispatch promise, which, prior to automation and integration projects, would have required 16 employees. Customer of the Year Breakthrough Award (EMEA) – FAMO GmbH & Co. KG, a German wholesaler of electrical and plumbing products, is recognized for its collaboration with Sugar partner Insignio to deploy SugarCRM for advanced customer data management and opportunity nurturing, the Sugar mobile app with enterprise resource planning (ERP) data integration for field sales support, and Sugar Market for automated newsletters and targeted communications. Customer of the Year Breakthrough Award (Latin America) – Mac Construtora e Incorporadora (MAC), a leader in construction and development in São Paulo, is recognized for the creative use of SugarCRM in the dynamic real estate market. Technology adoption significantly improved lead management and customer engagement, enhancing marketing approaches and project sales, resulting in a substantial increase in sales, ranging from 50 to 94 percent of its real estate agency. This has led to MAC substantially reducing its dependence on partnering with other real estate agencies. Customer of the Year Breakthrough Award (North America) – Alto-Shaam, providing foodservice equipment solutions to more than 90 countries globally, is recognized for use of SugarCRM to significantly enhance opportunity close rates by 61 percent while achieving up to 600 hours of time savings in marketing and sales efforts to forecast customer needs. The integration of Sugar Sell with Sugar Market has streamlined key processes, improved lead management, and enhanced operational efficiency and global communication. ISV Technology Partnership Breakthrough Award – FSIoffice, a leading independent office supply company, together with sales-i, are recognized for transforming FSIoffice’s CRM strategy from data repository to sales powerhouse, with 40 percent improved sales efficiency. Supported by Sugar partner CRM International, FSIoffice is driving remarkable revenue growth and enhancing customer engagement with Sugar Sell Premier and sales-i for predictive business-to-business sales intelligence. Reseller Technology Partnership Breakthrough Award – The Joint Corp., the nation’s largest provider of chiropractic care through The Joint Chiropractic® network, in partnership with Sugar partner Faye, are recognized for driving significant improvements in healthcare operations after transitioning to SugarCRM and Amazon Web Services, with a 40 percent increase in web transaction speed. This transformation allowed The Joint to focus on integrating AI to elevate SugarCRM from a functional tool to a strategic platform for competitive differentiation in the chiropractic care sector. Judges’ Choice Award – RTCR, the public transit provider in La Rochelle, France, operating under the Yélo brand, is recognized for significantly enhancing customer service with Sugar Serve, with implementation support by Sugar partner Synolia. The deployment has led to a minimum three percent increase in customer satisfaction and streamlined complaint management, saving agents’ time by 50 percent through improved response structuring. “We’re pleased to announce the winners of the 2024 SugarCRM Customer Breakthrough Awards,” said Chris Pennington, Chief Customer Officer, SugarCRM. “These customers and partners are recognized for excellence and innovation in letting Sugar’s AI-driven CRM platform do the work to make the hard things easier for sales, marketing and service professionals, and for driving breakthrough success and exceptional customer experiences.” About SugarCRM SugarCRM is a CRM software that helps marketing, sales, and service teams reach peak efficiency through better automation, data, and intelligence so they can achieve a real-time, reliable view of each customer. Sugar’s platform provides leading technology in the sales automation, marketing automation, and customer service fields with one goal in mind: to make the hard things easier. Thousands of companies in over 120 countries rely on Sugar by letting the platform do the work. Headquartered in the San Francisco Bay Area, Sugar is backed by Accel-KKR.

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Ad Tech and Martech, Advertiser Platforms

Jasper Expands by Acquiring Image Platform Clipdrop from Stability AI

PR Newswire | February 23, 2024

Jasper, one of the world's biggest generative AI app companies, has announced that it has reached an agreement to acquire Clipdrop, an AI image creation and editing platform, from Stability AI. This acquisition signifies a significant step forward in Jasper's capacity to deliver the most comprehensive, multimodal copilot for enterprise marketing teams. Clipdrop is an image creation and editing platform used by millions of creative designers and brands worldwide. Founded in 2020 by Google alumni Cyril Diagne, Damien Henry, and Jonathan Blanchet, Clipdrop enables users to edit existing images, create new ones, and develop an expansive number of variations in size, detail, and style. For marketers and brand leaders, this technology can be a catalyst for accelerating their ad strategies and developing on-brand creative. "Marketing is visual," said Timothy Young, CEO of Jasper. "The addition of Clipdrop to Jasper will advance our vision to be the most comprehensive end-to-end marketing copilot in the industry, powering all the formats, channels, and functions enterprise marketing teams need. A copilot this robust will enable the enterprises we serve to go beyond simple AI prompts to achieve more personalized marketing, better informed automation, and improved optimization across their entire strategy." The Clipdrop team will join Jasper effective immediately and continue to lead research and innovation on multimodality in Jasper from their headquarters in Paris, which has become a hub of AI innovation in Europe. With this acquisition, Jasper expands its footprint to Europe and plans to continue to invest there from both a talent and customer acquisition standpoint. The company is eager to contribute to Paris's vibrant AI community. "Jasper has been a valued partner, leveraging Stability AI models for many years," said Emad Mostaque, CEO of Stability AI. "We're thrilled to see Clipdrop expand their offering by joining forces with Jasper. We will continue to partner with Clipdrop on research and deliver our cutting-edge models to their platform." "We are excited about what Clipdrop technology can do inside Jasper's copilot for marketing teams," said Damien Henry, Clipdrop co-founder. "There are natural synergies between the two companies and a clear focus on creating the best multimodal platform for marketers. We can't wait to get started." In addition to leading further development of AI-assisted image creation and editing, Damien Henry will play a larger leadership role in research and innovation for the entire Jasper product. The acquisition of Clipdrop closed on February 20, 2024. Business customers will be able to access it through the Jasper API immediately, over time the functionality will be more deeply integrated into the copilot. Individuals can still purchase Clipdrop as a standalone product via Clipdrop.co

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