Latest / The GrowthPro Edge / Fractional CMO: The Smarter Way to Grow Your FEC | The GrowthPro Edge
Transcript
- 0:00(Transcribed by TurboScribe. Go Unlimited to remove this message.) Welcome to the GrowthPro Edge.
- 0:02We're here to help scale your business, build stronger teams and sharpen your leadership skills.
- 0:10Hello and welcome to the Growth Pro Edge.
- 0:13I'm Denise Killian, your host with the GrowthPro Group.
- 0:17And today we're gonna be talking about that magic word that keeps popping up in a lot of businesses and that's the fractional leadership role.
- 0:27And we're joined by Tiffany Avery, who is one of my favorite marketing gurus to talk about fractional CMOs, Chief Marketing Officers.
- 0:37So Tiffany, you had worked with international brands, with state governments, with nonprofits, with small businesses in a variety of capacity and marketing positions.
- 0:51So first off, tell us a little bit about yourself.
- 0:54Well, I have a 25 year marketing background.
- 0:57Started out with L Brands when I was younger and I was quickly worked my way through the company, starting or I worked with different brands within the enterprise.
- 1:08So I worked with Victoria's Secret, Bath and Body Works, Henry Bendel and then just throughout the enterprises, what they call a rented employee, kind of doing special project work.
- 1:20After that, I did web development for a while.
- 1:25I then went into a director of marketing and communications role in a government capacity and then nonprofit.
- 1:32So a lot of PR and marketing and really just like a director role.
- 1:39So it was kind of leadership and really designing those programs to see how they would look and running a team and just making sure that we had a full faceted approach to all of our marketing and communications efforts.
- 1:55Then I went to go work for Embed for a while, just a great experience.
- 1:59It really is what kind of got me into the fractional kind of world of marketing.
- 2:05I really enjoyed working with some of the business owners and having one-on-ones with them and discussing their marketing with them.
- 2:14And I would often be asked if I would do, if I could do any type of consulting and that was just something that Embed didn't offer.
- 2:20So that is something that I do now and I very much enjoy it.
- 2:24I've been doing it for several years.
- 2:26It's wonderful to work just with the business owners directly.
- 2:30You feel like you have such an impact on their business and it's just a really good way to feel good about the work that you're doing.
- 2:39Yeah, yeah.
- 2:40So you were kind of early on the game of this fractional CMO notion, right?
- 2:45So let's start off with what is a fractional marketing executive?
- 2:51So think of it like a shared services type of situation.
- 2:54So you know how there's like there's three PL centers like third-party logistics centers and things like that.
- 3:01So think of a fractional leader as somebody who works for multiple companies but not one person has to pay them their full salary.
- 3:09So you get to work in smaller increments but for multiple people at one time.
- 3:16So it's a, if you're looking or thinking about a fractional either, you know, I've worked with some companies that had a fractional financer under, right?
- 3:29Fractional marketing.
- 3:32So it's not a full-time employee from the business's perspective but it is a leadership level kind of high strategy.
- 3:42And you're able to get expertise without having to pay the full-time salary.
- 3:51Right, of an executive.
- 3:52So it's great because a lot of companies will have, you know, like a marketing manager or those kinds of roles in-house but bringing on a fractional CMO is a great way to make sure that in the terms of marketing that your strategy is there, your I's are dotted and your T's are crossed.
- 4:11Yeah.
- 4:11And it gives you a little bit more oversight and a little bit more experience to pull from.
- 4:16Right.
- 4:16So, you know, a company that couldn't necessarily afford a full-time salary of someone who has significant expertise.
- 4:25You're able to use that but not have to pay the full price for it.
- 4:31So with that being said, what are those boundaries of strategy and execution?
- 4:37Right?
- 4:38Should you think of the fractional position as somebody who is more of a strategic big thinker or is this person, should they be executing all of the strategy points as well?
- 4:51I would say it's more, it just depends on the company too but I would say it's more about strategy.
- 4:57Usually the execution comes down to the team.
- 5:00It just depends on how the company is set up and what phase of life the company is in.
- 5:04So if they're brand new, you know, if they're a little bit more established, if they're a mom and pop shop versus, you know, a several location operation or, you know, it just depends on the size of the company.
- 5:18I would say though that it's generally more oversight and strategy and direction.
- 5:28Okay.
- 5:29Okay.
- 5:30Which, so you're talking about, because again, this isn't a full-time position.
- 5:34So, you know, are you looking at for business owners out there considering this?
- 5:40I mean, you know, you're thinking about maybe 10 hours a week, five hours a week, certain hours a month.
- 5:45Is that sort of how it's set up?
- 5:48It sort of is.
- 5:48It just depends on the customer as well or on the business.
- 5:51So I have some clients that I work with on a weekly basis that get a little bit more of my time that, you know, they pay a little bit higher price.
- 5:59I have some people who, and I generally start at that higher level depending on the size of the company.
- 6:05I have some companies that I work with just on a bi-weekly basis.
- 6:09It's just a quick one or two hours on the phone every other month with some tasks in between and follow-up.
- 6:17And then it can go as low as monthly or even quarterly.
- 6:21So I have clients in all phases of that.
- 6:23I like to start a little more hands-on at the beginning.
- 6:27And then my goal is to phase my clients out of my services by teaching their team how to do these things because I don't want someone to have to pay me forever unless they just want to keep me quarterly or annually for like a planning type of situation.
- 6:47Like I have clients that I phase myself out of their business because I've worked with their team for so long.
- 6:53It's the same team.
- 6:54They've had great retention and I've been able to teach that team what to do, how to do it and to continue to get results.
- 7:02That's interesting.
- 7:02Yeah, okay.
- 7:04And that's a fascinating thought process as well of you're able to, or at least your intention is I want to show you how to do it yourself.
- 7:15Correct.
- 7:15So that this isn't a permanent situation.
- 7:19Well, and also as businesses are growing.
- 7:21So that's another thing is I'm there to provide that direction and have that oversight.
- 7:26But as the businesses grow, sometimes they're able to afford maybe a more seasoned leader who is able to do some of that strategic planning.
- 7:35But a lot of times I'll just stay on to do the strategic planning and then just meet like quarterly with the team as they get more experienced.
- 7:45Okay, that's fantastic.
- 7:47So I guess one of the questions that probably is out there that I'm sure business owners are asking themselves is why wouldn't I just have somebody in-house?
- 7:57Well, again, it's that cost efficiency.
- 8:00If you can afford to have somebody in-house with that level of experience, I say that's amazing, that's wonderful.
- 8:07But the top quality leaders that you're gonna find are gonna have a salary demand that is normally especially in a marketing world, not attainable for most smaller companies.
- 8:19Yeah, absolutely.
- 8:21Especially in this economy.
- 8:22And especially in this economy, the way marketing's going, marketing is unfortunately, marketing is always one of the very first things to be cut when times are hard.
- 8:33And that's because it's not necessary for day-to-day operations.
- 8:38Marketing is necessary if you want to grow and maintain your level of business.
- 8:43However, most people see it as kind of an added thing that's not 100% necessary for day-to-day operations.
- 8:52So that's why fractional work is very popular in marketing, especially even just freelance work.
- 8:58Yeah, absolutely.
- 9:00So one of the things to think about is if you're looking for a fractional position, whether it's a CFO or a fractional CMO, is the expectation is that what kind of team needs to be in place to make that position successful?
- 9:20Like, right?
- 9:20So you should have some level of a team of maybe junior level.
- 9:27I would say at least manager, maybe junior manager.
- 9:31I would say mid-level managers, usually a good place to start.
- 9:36It's usually a very, it's usually kind of a sales manager, even a lot of times is where I'll start is with a sales manager.
- 9:42And then I'll kind of make them into a sales and marketing person and explain the differences and teach the differences and help them understand the different strategies for the different functions and the different things that have to be done.
- 9:55So whether it's sales versus marketing and whether it's business-to-business marketing in terms of group sales or things like that, or business-to-consumer marketing.
- 10:05So those are all things that I try to teach as I work with companies so they understand what kind of marketing person and what kind of team they're putting in place as they continue to grow and hire.
- 10:17Great, okay.
- 10:18So ideally, this isn't a situation where you don't have any infrastructure in place and you hire a fractional CMO.
- 10:27You need to have some level of infrastructure there.
- 10:31Not necessarily.
- 10:32Okay.
- 10:33It is nice to have.
- 10:34You're definitely gonna pay less for your fractional leader if you do have people on staff or on your team who can execute under the direction of that leader.
- 10:45If you don't, then you're basically paying someone to be more of a full-time employee and to do some of those tasks that you could pay someone a third of the amount of money annually to do.
- 10:58Yeah.
- 10:59Write copy or send out emails or make campaigns and run social media and things like that.
- 11:05Right, okay.
- 11:07Excellent.
- 11:08Now, this is the question that everybody should ask themselves and understand the answer.
- 11:16But how quickly do you expect to see some sort of results from any marketing effort?
- 11:25I always tell people to give me at least 90 days.
- 11:28It doesn't always take 90 days.
- 11:30Sometimes, depending on how much information is already known and what kind of data points have been gathered and what kind of sales data we have, it's a little bit easier to go in with a more educated guess or a more educated direction on what strategy is gonna be best and what methods should be used.
- 11:51But not always.
- 11:52That's not always the case, especially in brand new businesses when they're just now opening their doors for the first time.
- 11:58We don't know anything yet.
- 12:00So I always say, and Sarah has taught me this, it's fail fast and move on.
- 12:07So if something doesn't work out, then you just move on to the next thing, right?
- 12:12Quick and quickly.
- 12:13Don't continue to waste money if it's not working out, but you do need to give it that old college try.
- 12:20Right, right.
- 12:21And it's not you hire someone or you start the campaign and the next day you're gonna see results.
- 12:27Correct, especially in digital marketing and digital advertising, you have to give it at least 90 days to gain momentum and to figure out algorithms and learn user behavior and things like that.
- 12:38I do see this a lot in my work where a business owner doesn't see an immediate result and they just wanna move on to the next thing.
- 12:45So they're hiring the next person or they're hiring the next agency or they're gonna try, radio didn't work, so now we're gonna go to TV or TV didn't work, so now we're gonna go to digital.
- 12:58Digital didn't work, but they're not giving it at least a 90 day shot.
- 13:02And sometimes, especially even with programs like loyalty programs and things, membership programs and things like that where you're trying to convince customers to keep coming back, those take even longer.
- 13:13So it really just depends on what kind of program or strategy or campaign you're running and what the goal is.
- 13:22Excellent, excellent.
- 13:24All right, so Tiffany, we have a lot of thoughts to consider here, which I think is fantastic, but we are coming up on the end of our time, but I wanna ask you the important questions here, our Youth Growth Pro Edge.
- 13:41We are all about growth.
- 13:43So what do you do to grow yourself?
- 13:48Oh, I do a lot of reading, a lot of reading.
- 13:51I listen to podcasts, as you described, to a number of different marketing and leadership programs, like podcasts, emails, newsletters, things like that.
- 14:03I have my favorite people that I follow and learn from them.
- 14:08And a lot of growth, a lot of that personal growth is honestly for me is getting in into the nitty gritty and doing it myself.
- 14:16I'm definitely a hands-on learner.
- 14:18So for me, that's basically how I learned web development, believe it or not, was I went into a job where I was gonna do websites and I learned how to cope.
- 14:30It's that easy, folks, right?
- 14:32No, you are very much a self-taught, but also incredible experience.
- 14:37And that's the thing that I love about you.
- 14:40If you don't know how to do it immediately, you're like, give me a second, and you're gonna figure it out, which is, yeah, which is fantastic.
- 14:47All right, Tiffany, if people have questions about this or wanna talk with you, how can they get ahold of you?
- 14:53They can find us on the Growth Pro Group website.
- 14:56I know I'm available there.
- 14:59They can also email me at tiffanyatthegrowthprogroup.com.
- 15:03Perfect, perfect.
- 15:05Tiffany, thank you so much for being here, for having me.
- 15:08Appreciate it.
- 15:09And there's your edge for today.
- 15:11I hope you enjoyed our conversation and appreciate your time today.
- 15:16If you enjoyed today's conversation, I hope you'll look us up at thegrowthprogroup.com.
- 15:22And if you're ready to grow yourself, your business, and your team, reach out to us and schedule a free coaching call with one of our coaches.
- 15:32I'd also like to take the opportunity to thank our sponsors for 2026, Party Center Software, Roller, Betson, A&A Global, Schaffer Distributing, Embed, and Semnox.
- 15:46Thank you again for joining us.
- 15:49I'm Denise Killian.
- 15:51Keep growing, keep learning, and keep striving for the extraordinary.