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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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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Advertiser Platforms

Stagwell (STGW) and MNTN Partner to Forge a Unified Performance Marketing Ecosystem for Brands

PR Newswire | January 12, 2024

Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, is partnering with connected TV (CTV) advertising leader MNTN to broaden the market of performance advertising for brands. With the partnership, brands will now have access to a comprehensive set of buying solutions that combine the best of MNTN's Performance TV platform with Stagwell Marketing Cloud products, providing added streaming, performance PR and performance influencer capabilities in a one-stop shop. Stagwell and MNTN's strategic partnership allows for a more unified approach to brand and performance media, offering brands access to advanced technologies and a comprehensive suite of tools enabling brand campaigns on television to now seamlessly coexist with other digital channels. "For too long, brand and performance media have battled to co-exist in an industry that worships creative ideas and measurable metrics separately," said MNTN President and CEO Mark Douglas. "Now Stagwell's performance-focused clients can see their brand campaigns at work through MNTN Performance TV and not only qualify but quantify results of traditionally less measurable media." "Stagwell believes all media is performance media, and our partnership with MNTN is our next step in creating an integrated ecosystem of technology and media solutions that enable speed to market, improved outcomes, and ultimately, scaled brand performance for clients," said Stagwell Chairman and CEO Mark Penn. "In combination with SMC tools, including social, streaming, and PR capabilities, brands can now attach metrics to their big marketing ideas in a granular way." Meeting Client Demands The partnership between Stagwell and MNTN Performance TV addresses the growing importance of performance advertising for modern brands, offering a comprehensive suite of buying solutions that feature cutting-edge targeting, measurement, and automated optimization technology. The collaboration introduces an innovative approach to television advertising, offering brands metrics that matter together – reach and revenue. Expanded Toolset MNTN clients will now benefit from an enhanced suite of tools, incorporating products from the Stagwell Marketing Cloud. This includes: PRophet, a generative and predictive AI platform for PR professionals Koalifyed, an influencer discovery and campaign management platform ReachTV, the largest streaming television network targeting travelers in airports Together, Stagwell and MNTN aim to meet the evolving needs of modern brands in a performance-driven landscape. Stay tuned for insights from Stagwell's Mark Penn and MNTN's Mark Douglas at CES next week, where they will discuss the power of this collaboration. Brands and/or journalists interested in connecting on the ground should contact ces2024@stagwellglobal.com for more information. About MNTN MNTN is the Hardest Working Software in TV, bringing unrivaled performance and simplicity to Connected TV advertising. Our self-serve technology makes running TV ads as easy as search and social and helps brands drive measurable conversions, revenue, site visits, and more. MNTN is one of Fast Company's Most Innovative Companies of 2023 and was recently named one of the Next Big Things in Tech for its upcoming VIVA creative suite. For more information, please visit https://mountain.com/. About Stagwell Stagwell (NASDAQ: STGW) is the challenger network built to transform marketing. We deliver scaled creative performance for the world's most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.

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Programmatic Advertising

TripleLift and Reset Digital Forge Partnership to Help Advertisers Meet Diverse Spending Goals All The Way Through The Programmatic Ecosystem

PR Newswire | January 05, 2024

TripleLift, the ad tech platform elevating digital advertising across every screen, and Reset Digital, a first-of-its-kind platform that gives brands and publishers broader and deeper audience reach across all communities, today announced a partnership to significantly expand diverse spend and representation across the programmatic ecosystem. Together, the companies are offering advertisers multiple pathways to ensure a greater portion of their digital budgets can be directed toward diverse-owned media companies. The partnership allows advertisers to buy quality inventory from minority-owned businesses throughout the programmatic ecosystem: TripleLift (a SSP) and Reset Digital (a DSP), and TripleLift's UNREP (Underrepresented Voices) deal package of impressions directing dollars straight to minority-owned media publishers. This way of buying media is available immediately across display, online video, and CTV and will be launched with Native this year. In 2023, an ANA survey of certified diverse suppliers found that while a majority say that interest from the media and advertising community in supporting diverse suppliers has increased in the past year, there is still a gap between intent to spend and actual spend. TripleLift and Reset Digital are helping all stakeholders bridge the gap quickly by making it easy for them to access diverse-owned media at scale. "This partnership allows advertisers to achieve their diverse spend goals with an end-to-end solution that is more aligned with their corporate supplier diversity reporting requirements," said Thomas Brandon, VP of Agency Strategy and Economic Inclusion at TripleLift. "Importantly, it allows them to use their media spend to impact the economic growth of the diverse communities they serve." Over the last 12 years, TripleLift has cultivated a vast inventory of publishers that includes access to 220 billion monthly impression avails across diverse-owned sites as part of its UNREP curated packages. These packages include inventory among publishers owned by Women, LGBTQ+, Blacks, Latinx, and Asian American Pacific Islanders (AAPI) and can be accessed as a whole or individually depending on client goals. "TripleLift has been on our radar for a partnership for some time," said Charles Cantu, founder and CEO of Reset Digital. "Specifically, our marketplace combined with their offerings like UNREP now provides a single pathway to diverse spending across the programmatic ecosystem – a solution we are excited to finally have in the market together." Reset Digital, the industry's only verified, black-owned and operated DSP, has been long recognized for its neuroprogrammatic capabilities, which allow advertisers to engage audiences based on what they desire versus what they look like, its ability to help connect brands and multicultural audiences around the world and its partnerships with brands like P&G, GM and Verizon, as well as the leading global media and creative agencies. In 2023, Reset Digital launched a new programmatic marketplace for the National Newspaper Publishers Association (NNPA), a trade organization that represents more than 200 Black-owned newspapers in the U.S. along with the NABOB (National Association of Black Owned Broadcasters); these entities created a path to connect large advertisers with publications that previously did not have the capabilities to run national programmatic advertising campaigns. This partnership stands to benefit any of the buy-side clients working with these companies. "TripleLift and Reset Digital have both been great partners to Horizon Media for many years," said Karina Dobarro, EVP, Multicultural at Horizon Media. "We've long worked with DSPs and SSPs to better direct investment to diverse-owned media, but partnerships like this one make it a much more seamless endeavor." TripleLift works with 80%+ of comScore 200 ad-supported publishers and delivers over 2 trillion monthly global impressions across North America, EMEA, LATAM, APAC, and MENA. To learn more about this partnership, please visit www.triplelift.com. About TripleLift We're TripleLift, an advertising platform on a mission to elevate digital advertising through beautiful creative, quality publishers, actionable data, and smart targeting. Through over 1 trillion monthly ad transactions, we help publishers and platforms monetize their businesses. Our technology is where the world's leading brands find audiences across online video, connected television, display, and native ads. Brand and enterprise customers choose us because of our innovative solutions, premium formats, and supportive experts dedicated to maximizing their performance. We are part of the Vista Equity Partners portfolio. As an NMSDC certified minority-owned business, we qualify for diverse spending goals and are committed to economic inclusion. Find out how TripleLift raises up the programmatic ecosystem at triplelift.com. About Reset Digital Reset Digital's Neuroprogrammatic™ advertising platform is a first-of-its-kind programmatic platform that allows brands to engage omnichannel audiences based on what motivates them as people versus targets and gives brands and publishers much broader and deeper audience reach across all communities, including underrepresented audiences they could not reach in the past. The results are radically better outcomes. Reset Digital's partners include the world's top brands, agencies, and publishers, including P&G, GM, Verizon, Dentsu, IPG, Publicis, GroupM, NABOB, Newsweek, NNPA, and others.

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