Learn about the role of a fractional CMO, the differences between fractional CMOs and marketing consultants, and the rise of fractional CMOs. Discover strategies for managing culture and building trust, building authentic relationships, and effective time management for entrepreneurs. Hear about the experiences and considerations of being a fractional CMO, including working with a pet transportation service.
A fractional CMO offers executive-level marketing expertise at a fraction of the cost and time commitment, benefiting startups and established brands alike.
A successful fractional CMO should have extensive experience, possess strong business acumen, and build trust with clients through strategic insight and relevant questioning.
Deep dives
What is a fractional CMO?
A fractional CMO is an executive in the marketing space that can be hired for a fraction of the cost and a smaller amount of time. They offer the best of both worlds by providing leadership and expertise without the need for full-time employment. With a focus on executive-level strategy, a fractional CMO can guide marketing teams, develop go-to-market strategies, manage budgets, and identify key performance indicators.
Benefits for startups and established brands
Fractional CMOs provide value to a variety of organizations. Startups find it advantageous as they often have limited budgets and can benefit from the expertise of a fractional CMO without the need for full-time employment. For established brands, a fractional CMO can provide strategic leadership and guide mid-level marketers, help with brand building, and offer coaching to achieve business goals.
Choosing the right fractional CMO
When hiring a fractional CMO, it is important to look for someone with extensive years of experience and a strong understanding of marketing from a business perspective. Chemistry and fit are important, so multiple meetings should be held to gauge their expertise, curiosity, and ability to understand your organization's needs. A fractional CMO should be able to provide strategic insight, ask relevant questions, and build trust with their clients.
Tips for individuals considering a fractional CMO career
For individuals considering a career as a fractional CMO, it's important to assess risk tolerance and determine if the thrill of being an independent entrepreneur is appealing. Finding trusted advisors, building relationships, and outsourcing tasks like bookkeeping can be helpful. Networking, showcasing expertise, and being open to a variety of industries can lead to opportunities and success as a fractional CMO.
Brooke Janousek has been working as a Fractional CMO for almost two years so who better to tell us what a fractional CMO actually is, what it does, when you should use on, how you manage the relationship, benefits and risks. This isn't an episode just for marketers, but business leaders who are interested in understanding more on this topic.