A Fractional CMO generally operates on a flexible contract basis—usually between 3 to 12 months, depending on the project scope and objectives. This setup allows companies to access executive-level marketing strategy without the overhead costs of a full-time hire. During this period, a Fractional CMO will:
- Kick-Off and Discovery: Dive deep into the business, understanding current challenges, market position, and goals.
- Strategy Development: Create a detailed, actionable marketing strategy aligned with business goals, including short- and long-term objectives.
- Execution and Management: Guide internal teams or work with external vendors to execute the strategy, ensuring each initiative is aligned with growth targets.
- Review and Adjustments: Regularly review progress, refine tactics based on data and feedback, and adjust the strategy as needed to stay agile in a changing market.