Whether you’re building your brand, looking for ways to quickly scale, restrategizing post-pandemic, or seeking fresh ideas without a lofty price tag, our fractional CMO services can help solve your problem.
What will a fractional Chief Marketing Officer do for your company? The same things as a full-time Chief Marketing Officer! Only you don’t have to deal with finding and hiring a highly paid individual.
A fractional CMO is a member of your team who manages marketing projects—this might include a new website, advertising campaign, content marketing or SEO. The FCMO also helps you create a marketing budget, manage risks, and serves as your trusted marketing advisor. The FCMO utilizes their expertise to establish measurable goals and a plan with detailed steps for achieving them.
You should consider a fractional CMO if your organization has implemented or is looking to implement the following steps and strategies:
Cut Back on Costs and Get the Most Out of Your Budget
According to Glassdoor, the national average salary for a chief marketing officer is $169,744. When planning your budget, the general rule of thumb is that your marketing budget should be five to 12 percent of your total revenue. If a company brings in $5M in annual revenue, they should expect to invest between $250,000 and $600,000 in marketing annually.
By spending a fraction of the cost of a full-time CMO, you’ll free up money to reinvest in your marketing efforts. We recommend investing this money in top-notch resources and campaigns so your FCMO can deliver a more significant return on investment.
A small business is a well-oiled machine that usually consists of a skeleton crew of individuals working behind the scenes. When you hire an FCMO, you are also giving your employees a better chance at success—whether that means providing better direction to the rest of your marketing team or giving time back to your sales team, who may have been jumping in on marketing tasks to get the collateral they needed.
Across your organization, employees can focus on doing what they do best and leave the marketing work to the professionals.
Unify Your Marketing
If your business is lacking a consistent message, it might be because you lack a brand guide and effective marketing materials. When they don’t have the materials they need, sales teams create their own flyers and proposals. Suddenly your brand standards and guidelines become the Wild West and things quickly get out of hand.
Your fractional CMO can help you develop a process for creating consistent collateral across your organization. They can also help you establish a unified look, feel, and tone for your brand, as well as work with your sales team to create a strategy for attracting new customers.
You’re at a Stand-Still
Business is slowing down, you seem to be getting less customer engagement, and you feel like your new ideas sound a lot like your old ones. It may be time to bring in a fresh new perspective.
With a fractional CMO, you get a third-party perspective that’s based on years of experience and actual observed trends in the market. Since a fractional CMO generally works with multiple organizations, you benefit from insights that come from all industries and businesses.
You’re Afraid of Commitment
Are you being held back by the fear of hiring someone who won’t fully understand your vision?
With a fractional CMO, you’re likely only committing to around 90 days. This will give your marketing professional plenty of time to understand your vision and brand, review old tactics and techniques, and implement new ones for you to monitor and check.
By the end of the 90 days, you’ll be ready for a longer-term commitment!
Overall, hiring a fractional CMO can solve many marketing problems small businesses encounter. If you’re ready to take your marketing to the next level, reach out to us today and let’s talk!