Fractional CMO Show

Casey Stanton
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Jan 25, 2023 • 22min

Serving You Serves Me - Casey Stanton - Fractional CMO Show - Episode #056

Which clients feel the most effortless to provide value to? Once you figure that out, your work won’t feel like work. Casey Stanton is the Founder of CMOx, a Fractional CMO, and author of the Wall Street Journal #1 bestseller, The Fractional CMO Method. Casey discusses building on your strengths, how to effortlessly provide value as a Fractional CMO, and discovering your unique ability.   Takeaways: Reflect on the mantra, “Serving you serves me.” The reason that you may feel that when you are providing the most value, it often feels like the least effort, is that you are in a state of flow. In a flow state, the activities you are doing seem effortless and unbound by time. Many people say that you should work on your weaknesses to become a more well-rounded person. However, if you work on your strengths, then you can become deadly at a few things and hire out or automate your weaknesses. The Confucianist concept of “wu wei” means effortless action. When you are in the flow of the work you are doing, that work won’t feel like work, it will feel effortless.  Regardless of what your strength and expertise are if you further build upon those strengths, you’ll probably enjoy the learning and training you do to strengthen them. When you work with clients as a Fractional CMO building your team and identifying objectives, your approach will come from who you are and what brings you energy. There is no limit to how finite your unique ability or area of expertise is. For example, your strength could be solving high-level marketing strategy problems or it could be making picture frames for paintings.    Quote of the Show: “When you provide the most value, it often feels like the least effort” - Casey Stanton   Links: Twitter: https://twitter.com/CaseyStanton LinkedIn: https://www.linkedin.com/in/caseystanton/ CMOx Website: https://cmox.co/call/ The Fractional CMO Method: https://cmox.co/book/   Shout Outs: Flow by Mihaly Csikszentmihalyi Dan Sullivan   Ways to Tune In: Amazon Music: https://music.amazon.com/podcasts/039bc2d6-c1b5-4ced-ac2a-437e69546e7c/fractional-cmo-show Apple Podcast: https://podcasts.apple.com/us/podcast/fractional-cmo-show/id1592740671 Spotify: https://open.spotify.com/show/1HGwnjsXA4c4gYQvj4w53E?si=bd6e0908e25749ec Google Podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9mcmFjdGlvbmFsY21vLmxpYnN5bi5jb20vcnNz?sa=X&ved=2ahUKEwjlpNDTveb0AhUXEFkFHaZcDtYQ9sEGegQIARAC YouTube: https://youtu.be/YcfB_UOY6gg 
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Dec 14, 2022 • 14min

The Sunday Scaries - Casey Stanton - Fractional CMO Show - Episode #055

If you’ve ever shuddered at the thought of having to go in to work the next day to work with a certain client, then you’ve felt the Sunday Scaries. Casey Stanton is the Founder of CMOx, a Fractional CMO, and author of the Wall Street Journal #1 bestseller, The Fractional CMO Method. Casey discusses how the Sunday Scaries impact your work and your life, why you need to live life as your true self, and how to be compensated for the outcome of your work.   Takeaways: The Sunday Scaries is that feeling of dread that comes over you when you realize that you have to go back to working for someone that you really don’t click with. Although you know you’ll do the work for them, it’s just a slog to get through.  When you feel the Sunday Scaries, it’s a sign that things are off. For example, if a client is paying you well, but you really dread working with them, then you need to be prospecting for new potential clients so you can phase out this bad one. You need to have the courage to live a life where you are true to yourself. Don’t let the expectations of others control your actions. If compensation is the main thing keeping you at your job, seriously consider if that is worth the cost of time spent personally, with your family, and enjoying life. There are other ways to attain the same financial freedom without sacrificing the rest of your life.  As a Fractional CMO, you have the ability to choose the clients you work with. If you start working with someone and they give you the Sunday Scaries, you can move on from them and solve bigger problems with clients that you align with. If you do have the Sunday Scaries with your current work, put up better boundaries to separate your work and your personal life.    Quote of the Show: “People on their deathbed would say that they didn't have the courage in their life to live a life that was true to themselves. They lived under the expectations of others.” - Casey Stanton   Links: Twitter: https://twitter.com/CaseyStanton LinkedIn: https://www.linkedin.com/in/caseystanton/ CMOx Website: https://cmox.co/call/ The Fractional CMO Method: https://cmox.co/book/   Ways to Tune In: Amazon Music: https://music.amazon.com/podcasts/039bc2d6-c1b5-4ced-ac2a-437e69546e7c/fractional-cmo-show Apple Podcast: https://podcasts.apple.com/us/podcast/fractional-cmo-show/id1592740671 Spotify: https://open.spotify.com/show/1HGwnjsXA4c4gYQvj4w53E?si=bd6e0908e25749ec Google Podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9mcmFjdGlvbmFsY21vLmxpYnN5bi5jb20vcnNz?sa=X&ved=2ahUKEwjlpNDTveb0AhUXEFkFHaZcDtYQ9sEGegQIARAC YouTube: https://youtu.be/No7IbEBqCx4 
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Dec 7, 2022 • 24min

Why Become a Fractional CMO? - Hannah Sturgill - Fractional CMO Show - Episode # 054

When you’re committed to taking control of your life and solving bigger problems, you might be ready to become a Fractional CMO. Hannah Sturgill is the Client Engagement Specialist at CMOx. Hannah explains the impact that hiring a Fractional CMO can have on a business, why commitment is crucial to success, and how to join the CMOx Accelerator.   Takeaways The first step to becoming part of the CMOx Accelerator is a call with Hannah to make sure that you’ll be able to get the most out of the Accelerator. The call is very low-stakes and Hannah asks basic questions mostly about your goals and marketing background.  Becoming a Fractional CMO provides you with a great opportunity to make a real impact on companies and the people that depend on them. There are so many businesses that have reached a ceiling of complexity and need someone to help them move beyond it.  Many of the marketers that have been impacted by the recent increase in big tech layoffs are looking to become Fractional CMOs because they see the need to become their own boss and diversify their income streams.  Before taking on clients as a Fractional CMO or even pitching potential clients your services, make sure that you have the right frameworks to be successful as a Fractional CMO.  One of the major draws to becoming a Fractional CMO is the ability to control your own schedule and choose to work whenever you want to. This is very appealing for parents who want to be around as much as possible during their children’s formative years. If you’re only looking for leads without also looking for a framework, you’re not actually committed to the idea of becoming a Fractional CMO. You need to be willing to invest in yourself and your own business, not just in leads. Great opportunities come to those that are committed and willing to take risks. If you are committed, you can take control of your life and stop letting other people dictate your future.   Quote of the Show: “If you're not super hungry, then it's a lot harder to put in the effort that it takes to be successful, so you’ve got to come into this with a full appetite” - Hannah Sturgill    Links Hannah’s LinkedIn: https://www.linkedin.com/in/hannah-sturgill/  Casey’s Twitter: https://twitter.com/CaseyStanton  Casey’s LinkedIn: https://www.linkedin.com/in/caseystanton/  CMOx Website: https://cmox.co/call/  The Fractional CMO Method: https://cmox.co/book/    Ways to Tune In Amazon Music: https://music.amazon.com/podcasts/039bc2d6-c1b5-4ced-ac2a-437e69546e7c/fractional-cmo-show  Apple Podcast: https://podcasts.apple.com/us/podcast/fractional-cmo-show/id1592740671  Spotify: https://open.spotify.com/show/1HGwnjsXA4c4gYQvj4w53E?si=bd6e0908e25749ec  Google Podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9mcmFjdGlvbmFsY21vLmxpYnN5bi5jb20vcnNz?sa=X&ved=2ahUKEwjlpNDTveb0AhUXEFkFHaZcDtYQ9sEGegQIARAC YouTube: https://youtu.be/750vtUZlBpA
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Nov 30, 2022 • 14min

The Streisand Effect - Casey Stanton - Fractional CMO Show - Episode #053

Making heavy decisions with large downstream impacts requires you to understand the possible consequences, which is tough to do without the right tools. Casey Stanton is the Founder of CMOx, a Fractional CMO, and author of the Wall Street Journal #1 bestseller, The Fractional CMO Method. Casey expounds upon using the Streisand Effect as a mental model for Fractional CMOs to crack the tough questions that companies need them to solve.    Takeaways: The Streisand Effect refers to the phenomenon that occurs when an attempt to hide, remove, or censor information had the unintended consequence of increasing awareness of that information. This frequently happens through the internet.  As marketing leaders, when you are faced with certain situations, you need to ask if it is better to address the situation or stay quiet and let the situation pass by. Scenario #1: The wrong link is sent in a webinar email invite. Now, you need to decide whether it’s better to reply with “CORRECTION - UPDATED LINK” or a lookalike email that will nest over the mistake because people will read the newest email. Scenario #2: Your client receives a negative Google review. If you get exposed for trying to bury it under fake reviews, your client is now known for lying on top of the bad review. In this case, you have to weigh the risks of ignoring it or finding a different solution. Scenario #3: Your client is hit with bad press and it’s high in SERP. You could fight to get it taken down, but lawyers are expensive. Rather, if you can’t politely get it removed, you could flood the search engine with positive content.  These are the highly consequential decisions you have to make as a CMO. Being a CMO means solving bigger problems by taking accountability and owning the outcomes of their decisions.  The Streisand is a powerful mental model that allows you to see the possible outcomes of a solution to a problem so that you can weigh whether or not it’s worth the risk.    Quote of the Show: “That's what it means to be a CMO. It means to solve bigger problems and be able to take accountability and own the outcomes of them” - Casey Stanton   Links: Twitter: https://twitter.com/CaseyStanton LinkedIn: https://www.linkedin.com/in/caseystanton/ CMOx Website: https://cmox.co/call/ The Fractional CMO Method: https://cmox.co/book/   Shout Outs:  Charlie Munger - Investor and Vice Chairman of Berkshire Hathaway   Ways to Tune In: Amazon Music: https://music.amazon.com/podcasts/039bc2d6-c1b5-4ced-ac2a-437e69546e7c/fractional-cmo-show Apple Podcast: https://podcasts.apple.com/us/podcast/fractional-cmo-show/id1592740671 Spotify: https://open.spotify.com/show/1HGwnjsXA4c4gYQvj4w53E?si=bd6e0908e25749ec Google Podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9mcmFjdGlvbmFsY21vLmxpYnN5bi5jb20vcnNz?sa=X&ved=2ahUKEwjlpNDTveb0AhUXEFkFHaZcDtYQ9sEGegQIARAC YouTube: https://youtu.be/Mu13rkXsABw
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Nov 23, 2022 • 26min

Exploring The Fractional CMO Landscape - Jon McMonagle - Fractional CMO Show - Episode # 052

Today’s guest is Jon McMonagle, the Director of Enrollment at CMOx. Jon helps marketers become Fractional CMOs so they can solve bigger problems. In this episode, Jon shares where the growing demand for Fractional CMOs is coming from, why Fractional CMOs are not the same as consultants, and what lies ahead for fractional work.    Takeaways The range of companies that are now looking for Fractional CMOs has grown drastically over the past few years. Although the early demand came from B2B SaaS companies, now legacy businesses that have existed for decades are looking for Fractional leaders. A driving force behind the increased demand for Fractional CMOs is private equity firms that have analyzed the business model and are looking for the insights of a CMO without paying someone a full-time salary.  Once a Fractional CMO establishes a relationship with a private equity firm and shows them the results they are looking for, that private equity firm will often introduce the Fractional CMO to their other ventures and become a valuable referral partner.  Many seven to eight-figure businesses have traditionally thought that a CMO would be inaccessible due to their salary demands, however, through the fractional model, these companies can now get access to the crucial marketing leadership they need.  The difference between a Fractional CMO and a marketing consultant is that consultants come in to fix a marketing problem and leave, whereas a Fractional CMO comes in to fix a structural problem and they tend to stick around with their clients.  Becoming a Fractional CMO is so much more than just doing run-of-the-mill marketing work. The role requires you to provide not only strategy but also leadership. If you are a great marketer but you can’t lead, you’re going to struggle to be a Fractional CMO. While marketing tactics will change and become more complex in the future, the strategy and value proposition of a Fractional CMO will become more important.    Quote of the Show: “A Fractional CMO will come in to solve a structural problem, it just happens to pertain to marketing” - Jon McMonagle   Links Jon’s LinkedIn: https://www.linkedin.com/in/jon-mcmonagle-b8694b180/  Casey’s Twitter: https://twitter.com/CaseyStanton  Casey’s LinkedIn: https://www.linkedin.com/in/caseystanton/  CMOx Website: https://cmox.co/call/  The Fractional CMO Method: https://cmox.co/book/    Ways to Tune In Amazon Music: https://music.amazon.com/podcasts/039bc2d6-c1b5-4ced-ac2a-437e69546e7c/fractional-cmo-show  Apple Podcast: https://podcasts.apple.com/us/podcast/fractional-cmo-show/id1592740671  Spotify: https://open.spotify.com/show/1HGwnjsXA4c4gYQvj4w53E?si=bd6e0908e25749ec  Google Podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9mcmFjdGlvbmFsY21vLmxpYnN5bi5jb20vcnNz?sa=X&ved=2ahUKEwjlpNDTveb0AhUXEFkFHaZcDtYQ9sEGegQIARAC YouTube: https://youtu.be/__IobgHWMbU
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Nov 16, 2022 • 21min

The Duality of Control and No Control - Casey Stanton - Fractional CMO Show - Episode #051

There are things that you do and do not have control over in all aspects of your life and business. Thankfully, there is someone to light the path for you and your clients. Casey Stanton is the Founder of CMOx, a Fractional CMO, and author of the Wall Street Journal #1 bestseller, The Fractional CMO Method. Get ready to learn about what Fractional CMO have control over and what they don’t, how to get ahead of future problems, and why using a timeline can make both you and your team more effective.    Takeaways: Dualism is the idea that you can hold two competing worldviews at the same time. Because of how interconnected all things are, you can perceive the duality of something as opposed to only wanting one thing to be one way.  A Fractional CMO has control over what they choose to focus on and the energy of the team they build around them. However, Fractional CMOs don’t have control over things like CPM changes or platform errors. The job of a Fractional CMO is complex because of the downstream impacts of your decisions. This is why it’s vital to take a deep breath and determine the most important problem that you can focus on. Which problem, if solved, has the biggest outcome?  For example, the most important problem could be the thing that generates cash the fastest, stops the bleeding the fastest, or it might be the thing that is the long-term fix, like SEO, but it's going to take a long time. Use a timeline based on months and quarters. Assign major outcomes that are tied to specific dates on this timeline to your team and let them do the work. This allows you to oversee an outcome rather than manage individual tasks.  Make you know, as a Fractional CMO, which outcomes have some wiggle room for their completion date. For example, a product launch will probably have a firmer deadline whereas for other projects you can extend the deadline. Try using the stoic practice of Negative Visualization to think about all of the things that are in your control and what would happen if they stopped working. Then, you can pre-emptively solve those potential problems or at least have a plan in place.  Work on strengthening your prediction muscle by predicting how long things will take you. Even predicting the completion time small things like grocery shopping will help you hone your skills.    Quote of the Show: “People ask, is it hard to be a CMO? And the answer is, it's not that it's hard, it's just that the downstream outcomes of the decisions I make or you make impact more things.”  - Casey Stanton   Links: Twitter: https://twitter.com/CaseyStanton LinkedIn: https://www.linkedin.com/in/caseystanton/ CMOx Website: https://cmox.co/call/ The Fractional CMO Method: https://cmox.co/book/   Shout Outs:  Already Free by Bruce Tift   Ways to Tune In: Amazon Music: https://music.amazon.com/podcasts/039bc2d6-c1b5-4ced-ac2a-437e69546e7c/fractional-cmo-show Apple Podcast: https://podcasts.apple.com/us/podcast/fractional-cmo-show/id1592740671 Spotify: https://open.spotify.com/show/1HGwnjsXA4c4gYQvj4w53E?si=bd6e0908e25749ec Google Podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9mcmFjdGlvbmFsY21vLmxpYnN5bi5jb20vcnNz?sa=X&ved=2ahUKEwjlpNDTveb0AhUXEFkFHaZcDtYQ9sEGegQIARAC YouTube: https://youtu.be/4ImcwwtVMWk 
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Nov 10, 2022 • 17min

Long-Term Partnerships - Casey Stanton - Fractional CMO Show - Episode #050

Step back and use this episode as a chance to reflect on your career, where you came from, where you are, and where you are going. Casey Stanton is the Founder of CMOx, a Fractional CMO, and author of the Wall Street Journal #1 bestseller, The Fractional CMO Method. In this episode, Casey outlines the 7 Stages of Commitment for Fractional CMOs, how to use the 7 Stages to view your own career, and how to make it through the Challenging phases to reach what is on the other side.    Takeaways: There are 7 stages of commitment to being a Fractional CMO. They are directly related to the 7 stages of long-term partnership developed by Jayson Gaddis. The 7 stages are Courtship, Infatuation, Challenge, Collaboration, Security, Expansion, and Ending.  In the Courtship phase, marketers are thinking about what it would be like to leave the noise and responsibility of an agency. They’re thinking about an easier route where they don’t have to deal with things they dislike, such as finance or legal departments. New Fractional CMOs often face the Challenge phase when they realize they need to go out and win business. While they identify as Fractional CMOs, if they are only serving one client, their perception and reality are misaligned. The way through the Challenge phase for Fractional CMOs is to build a pipeline, have a confident sales process, and regularly go out and win new business to fill out your desired roster of Fractional CMO clients. For most, serving 2-5 clients works best.  While your Fractional CMO engagement with a client may start as a 90-day arrangement, your intent should be to build a long-term commitment. The effort involved with constantly rotating in new clients will crush you, so make sure you thrill your clients. Establishing financial security for yourself and your family comes after you have made it through the Challenge phase. Your financial security as a Fractional CMO comes from your pipeline and your predictability in being able to serve clients   Quote of the Show: “You are exactly where you're supposed to be right now. It's a fact. Everything that's in front of you is an opportunity for you if you choose to jump on it”  - Casey Stanton   Links: Twitter: https://twitter.com/CaseyStanton LinkedIn: https://www.linkedin.com/in/caseystanton/ CMOx Website: https://cmox.co/call/ The Fractional CMO Method: https://cmox.co/book/   Shout Outs:  Jayson Gaddis - Founder of The Relationship School Derek Sivers - Founder of CD Baby and Author Your Music and People by Derek Sivers Wired for Love by Stan Tatkin   Ways to Tune In: Amazon Music: https://music.amazon.com/podcasts/039bc2d6-c1b5-4ced-ac2a-437e69546e7c/fractional-cmo-show Apple Podcast: https://podcasts.apple.com/us/podcast/fractional-cmo-show/id1592740671 Spotify: https://open.spotify.com/show/1HGwnjsXA4c4gYQvj4w53E?si=bd6e0908e25749ec Google Podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9mcmFjdGlvbmFsY21vLmxpYnN5bi5jb20vcnNz?sa=X&ved=2ahUKEwjlpNDTveb0AhUXEFkFHaZcDtYQ9sEGegQIARAC YouTube: https://youtu.be/-H0RKtgsFEE 
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Nov 2, 2022 • 19min

The Hedonic Treadmill and the Will to Grow - Casey Stanton - Fractional CMO Show - Episode #049

Your own human nature is complex and it doesn’t get easier to understand when you become a Fractional CMO. Casey Stanton is the Founder of CMOx, a Fractional CMO, and author of the Wall Street Journal #1 bestseller, The Fractional CMO Method. In this episode, Casey outlines the key lessons to help Factional CMOs overcome the Hedonic Treadmill, avoid Pyrrhic Victories, discover how to get to their goals, and build a community that they can rely on.   Takeaways: The Hedonic Treadmill is the concept that people return to a relatively stable level of happiness despite major life changes. This is relevant for Fractional CMOs because once you reach your desired outcome, you’ll still be hungry for more.  People are very bad at predicting what their emotional state will be when they reach a certain goal. This is especially applicable when it comes to thinking about future income and what level you would need to reach to then make a lifestyle change.  Income levels for Fractional CMOs don’t have an upper limit. This is one of the reasons that the outcome you have in mind when beginning as a Fractional CMO needs to be about more than just the money, or else you won’t find satisfaction.  As we head towards the end of the year, it’s a great time to self-reflect. Ask yourself what you really want in all facets of your life.  As a counter to the Hedonic Treadmill, you need to have a plan for your money. If you don’t have a plan for it, you’ll just get sucked right back into the cycle of just wanting more. A Pyrrhic victory is a win that inflicts such a devastating toll on the victor that it is tantamount to defeat. For example, your victory comes at the cost of your health, your relationships, etc.  What got you here won’t get you there. Spend the time to figure out where you want to go and then discover how you’re going to get there.  Having a community around you makes achieving your goals quicker and more fun. A community of energetic people will help get you energized to reach your goals.    Quote of the Show: “There is nothing quite like a person who is on a mission to make something happen”  - Casey Stanton   Links: Twitter: https://twitter.com/CaseyStanton LinkedIn: https://www.linkedin.com/in/caseystanton/ CMOx Website: https://cmox.co/call/ The Fractional CMO Method: https://cmox.co/book/   Shout Outs:  Glazer-Kennedy Insiders Circle The Way of the Superior Man by David Deida   Ways to Tune In: Amazon Music: https://music.amazon.com/podcasts/039bc2d6-c1b5-4ced-ac2a-437e69546e7c/fractional-cmo-show Apple Podcast: https://podcasts.apple.com/us/podcast/fractional-cmo-show/id1592740671 Spotify: https://open.spotify.com/show/1HGwnjsXA4c4gYQvj4w53E?si=bd6e0908e25749ec Google Podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9mcmFjdGlvbmFsY21vLmxpYnN5bi5jb20vcnNz?sa=X&ved=2ahUKEwjlpNDTveb0AhUXEFkFHaZcDtYQ9sEGegQIARAC YouTube: https://youtu.be/2WuQHziW1qU 
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Oct 26, 2022 • 13min

How to become a CMO - Casey Stanton - Fractional CMO Show - Episode #048

The journey to becoming a Chief Marketing Officer can be long and arduous, but the less-traveled road to becoming a Fractional CMO can catapult your career and provide much more financial security. Casey Stanton is the Founder of CMOx, a Fractional CMO, and author of the Wall Street Journal #1 bestseller, The Fractional CMO Method. In this episode, Casey shares some of his own journey in the marketing world, how to make yourself stand out, and whether becoming a Fractional CMO might be the better path forward.   Takeaways: Becoming a CMO through the traditional route takes a long time. You often get stuck at certain levels in the organization for various reasons or your try to hop from company to company every few years, getting a higher title each time you start somewhere new.  The traditional path to becoming a CMO requires you to put in a lot of effort to make yourself look better on paper. Common examples include leadership courses from a university, getting certifications, etc. If your objective is to become a CMO, you’re going to have more success pursuing younger, more entrepreneurial companies. This way you can speak directly to the growth-minded entrepreneur at the helm and explain how you can help. Getting the job of a full-time CMO for a company is great, but if they let you go, you’re right back into the job hunt. It’s much better for your financial stability to serve multiple clients in that high-level marketing role. Many companies need the value that a CMO provides but they can’t pay for a full-time CMO. A Fractional CMO is perfect for companies of this size.  As a Fractional CMO, you can provide high-value insights for multiple clients which decreases the risks posed by one client leaving. This approach also increases your earning potential while allowing you to, potentially, decrease how much you work.   Quote of the Show: “It's better for you and your financial stability to have multiple clients”  - Casey Stanton   Links: Twitter: https://twitter.com/CaseyStanton LinkedIn: https://www.linkedin.com/in/caseystanton/ CMOx Website: https://cmox.co/call/ The Fractional CMO Method: https://cmox.co/book/   Ways to Tune In: Amazon Music: https://music.amazon.com/podcasts/039bc2d6-c1b5-4ced-ac2a-437e69546e7c/fractional-cmo-show Apple Podcast: https://podcasts.apple.com/us/podcast/fractional-cmo-show/id1592740671 Spotify: https://open.spotify.com/show/1HGwnjsXA4c4gYQvj4w53E?si=bd6e0908e25749ec Google Podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9mcmFjdGlvbmFsY21vLmxpYnN5bi5jb20vcnNz?sa=X&ved=2ahUKEwjlpNDTveb0AhUXEFkFHaZcDtYQ9sEGegQIARAC YouTube: https://youtu.be/t3LQZcahc0I
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Sep 28, 2022 • 15min

How much Money does a Fractional CMO Make? - Casey Stanton Fractional CMO Show - Episode #047

So many marketers are overtitled and expect to be compensated according to their inflated titles which makes it hard to know what you should expect to make for your role. Casey Stanton is the Founder of CMOx, a Fractional CMO, and author of the Wall Street Journal #1 bestseller, The Fractional CMO Method. In this episode, Casey explores the hierarchy of the marketing world, how to scale that hierarchy, and what you can expect to make along to way to becoming a CMO or even a Fractional CMO.   Takeaways: When people are overtitled, they believe they have more power than they do or should and they will try to command a higher wage than they deserve for the problems they are solving. This is especially important for smaller businesses. At the bottom is the Marketing Technician. They have the opportunity to grow into a bigger role but at this point, they need to be a jack of all trades that can do all of the work you ask them to do. The typical hourly rate is between $15-$30. The next level up is where you get into specialized names for marketers in specialized roles, such as CRM Specialist or Conversion Rate Optimization Specialist. If you put “lead” in their title, they will be looking for a competitive salary. Moving up the hierarchy, Marketing Manager and Marketing Coordinator, with the Manager being slightly ahead of the Coordinator. Above those is the Marketing Director and then the VP of Marketing or the CMO Marketing Directors usually make $60,000-$150,000 per year, but they don’t bring much to the marketing strategy. They need the strategy from the CMO, who should be making a minimum of $150,000 with great CMOs bringing in $250,000-$500,000.  It can take about 10-20 years to work your way up to becoming a traditional CMO but many people get stuck at the manager level. Great Fractional CMOs can expect to make $500,000 per year and they don’t need to rely entirely on one client to provide them with their livelihood. Working for multiple companies significantly lowers the impact of being laid off or fired by a client.   Quote of the Show: “If you have one company that pays you and that's all your livelihood, you run a significant risk”  - Casey Stanton   Links: Twitter: https://twitter.com/CaseyStanton LinkedIn: https://www.linkedin.com/in/caseystanton/ Free CMOx Scorecard: https://cmox.co/scorecard/  CMOx Website: https://cmox.co/call/ The Fractional CMO Method: https://cmox.co/book/   Ways to Tune In: Amazon Music: https://music.amazon.com/podcasts/039bc2d6-c1b5-4ced-ac2a-437e69546e7c/fractional-cmo-show Apple Podcast: https://podcasts.apple.com/us/podcast/fractional-cmo-show/id1592740671 Spotify: https://open.spotify.com/show/1HGwnjsXA4c4gYQvj4w53E?si=bd6e0908e25749ec Google Podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9mcmFjdGlvbmFsY21vLmxpYnN5bi5jb20vcnNz?sa=X&ved=2ahUKEwjlpNDTveb0AhUXEFkFHaZcDtYQ9sEGegQIARAC YouTube: https://youtu.be/z_HR_wgBC0M 

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