Fractional Chief Marketing Officer (CMO)) | Marketing Strategist | Marketing Execution | Sales Enablement | B2B |
Kathleen Lucente gets right to the point in this article about Fractional CMOs… “The idea behind a fractional CMO is aiming for a natural exit date and leaving the company in better shape than when they started. It allows companies to have senior expertise when they need it most, without having to commit to a full-time employee at this level or suffer from having an inexperienced substitute steering the ship.” Situations when a company might consider hiring a fractional CMO or a fractional CMO service: ☑️ Limited Budget: with CMO salaries starting at the $200k point depending on the industry, a Fractional CMO can be a viable alternative for many growing companies. ☑️ Short Term Project: Once the project is complete, their involvement can be scaled down or discontinued. ☑️ Interim leadership: When a company’s CMO position is vacant, a fractional CMO can step in as an interim leader. ☑️ Strategic guidance: Some companies may have an internal marketing team but lack strategic direction. ☑️ Augmenting existing team: In situations where the internal marketing team lacks certain skills or experience, a fractional CMO can complement the team by filling in the gaps. ☑️ Scalability and flexibility: Fractional CMOs can be engaged on a part-time basis, allowing companies to adjust their marketing leadership based on changing needs.
Having these common situations outlined is really helpful for considering when to hire a fractional CMO. So many times I've been on or lead teams in these circumstances.
Jennifer, this article really nails it! Fractional CMOs offer the perfect blend of expertise and flexibility, especially for companies navigating budget constraints or seeking interim leadership. Thanks for sharing these insights!
Fractional Chief Marketing Officer (CMO)) | Marketing Strategist | Marketing Execution | Sales Enablement | B2B |
3moFind her Forbes article here: https://bit.ly/47nt0J1