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THE RISE OF THE ON DEMAND CXO | 1EXPERT360.COM
The rise of the
on demand CMO
THE RISE OF THE ON DEMAND CXO | 2EXPERT360.COM
On demand Chief
Marketing Officer
Written by Terry Jones
On demand CMO
Seni...
THE RISE OF THE ON DEMAND CMO | 3EXPERT360.COM
Marketing requirements for startups
Marketing plays a central role in the d...
THE RISE OF THE ON DEMAND CMO | 4EXPERT360.COM
Marketing requirements for small
businesses
The key to running and growing ...
THE RISE OF THE ON DEMAND CMO | 5EXPERT360.COM
So, what other options are available?
Perhaps an Advertising or Marketing A...
THE RISE OF THE ON DEMAND CMO | 6EXPERT360.COM
The benefits of using an
on demand CMO
Having an on demand CMO will give yo...
THE RISE OF THE ON DEMAND CMO | 7EXPERT360.COM
Hiring an on demand CMO
To determine the right amount of marketing support ...
THE RISE OF THE ON DEMAND CMO | 8EXPERT360.COM
Selecting the right on demand CMO
When selecting which on demand CMO to hel...
THE RISE OF THE ON DEMAND CMO | 9EXPERT360.COM
About the Author: Terry Jones
View Terry’s Expert360 profile
Terry is The V...
THE RISE OF THE ON DEMAND CXO | 10EXPERT360.COM
Expert360 is an online platform that connects businesses with a global
net...
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  1. 1. THE RISE OF THE ON DEMAND CXO | 1EXPERT360.COM The rise of the on demand CMO
  2. 2. THE RISE OF THE ON DEMAND CXO | 2EXPERT360.COM On demand Chief Marketing Officer Written by Terry Jones On demand CMO Senior marketing expertise can be critical to the success of a growing business. A strong marketing leader can establish a brand, acquire customers, drive sales and build the team required for future success. Due to financial contraints many startups and small business owners still prefer to drive marketing themselves which can hinder and even damage the success of the company. But it doesn’t need to be this way. An increasingly popular option for startups and small to medium businesses is to engage an on demand, or part time Chief Marketing Officer (CMO) to bring high-end strategic expertise in-house. The right set of skills and experience required will depend on your specific marketing requirements.
  3. 3. THE RISE OF THE ON DEMAND CMO | 3EXPERT360.COM Marketing requirements for startups Marketing plays a central role in the development of any startup. If you are looking for investors, your venture capital pitch needs to be developed from a marketing perspective to best illustrate key business issues. Get this right and you will help investors understand the vision you have for your startup. Here are just a few of these key components to consider: • Branding • Proposition • Elevator Pitch • Target Audience - Who has the problem - Describe the problem to solve - Describe the solution • Features and Benefits • Go-To-Market Strategy • Competition • Pricing • Market Research Many startup advisers recommend that you establish an advisory board so that you can call upon external expertise across a wide range of disciplines – a senior Marketer on that board is essential. With some small businesses, the danger is that they get involved in the tactics of marketing before setting out their business objectives.
  4. 4. THE RISE OF THE ON DEMAND CMO | 4EXPERT360.COM Marketing requirements for small businesses The key to running and growing any business is to have a well thought out Business Plan and within that an equally considered Marketing Plan. With some small businesses, the danger is that they get involved in the tactics of marketing before setting out their business objectives and considering what strategies will work best for them to achieve those objectives. Before deciding when you need a social media expert, new website or an Adwords campaign, you must first create a Marketing Plan. To do so, you’ll need to get a Marketing Strategist involved to help you create this plan. They should also be someone with the knowledge and expertise to implement the strategies as well – there’s no point having a plan if you don’t know how to action it. The case for an on demand CMO Having established the need for core marketing expertise in your business the issue then becomes how to acquire that expertise. Just like your business doesn’t need a solicitor every day you shouldn’t need a Chief Marketing Officer everyday either. You should be spending your time on the business rather than in the business if you are looking to grow.
  5. 5. THE RISE OF THE ON DEMAND CMO | 5EXPERT360.COM So, what other options are available? Perhaps an Advertising or Marketing Agency? On the surface, this would seem logical as they will have marketing expertise and the means to implement the strategies developed. They will, however, be generally more expensive than an on demand CMO as you will be paying for overheads, support staff costs etc. Many have a particular specialty or expertise i.e. digital / advertising / sales promotion so don’t be surprised if their solutions centre on these. You need someone with an integrated marketing view that can recommend the right mix of strategies and media for you – not for them. The appointment of an on demand CMO who can not only provide that integrated strategic expertise, but also has the experience of implementing campaigns can provide you with the solution you are looking for. You need someone with an integrated marketing view that can recommend the right mix of strategies and media for you – not for them.
  6. 6. THE RISE OF THE ON DEMAND CMO | 6EXPERT360.COM The benefits of using an on demand CMO Having an on demand CMO will give you some very tangible benefits; • Provide you with an integrated marketing plan to grow your business. • Have a professional on board when you need them, to give you both advice and recommendations. • A mentor who will transfer knowledge by working as a business partner. • A resource to all the latest marketing and social media best practices, tools and software. • Someone with the expertise to be able to help you implement the campaign cost effectively. • An understanding of all media and how they can be used as part of an integrated approach. • All at a lower cost when compared with a full-time senior marketing manager or appointing an Agency. You only pay for the time they spend on your business and there are no overheads to consider.
  7. 7. THE RISE OF THE ON DEMAND CMO | 7EXPERT360.COM Hiring an on demand CMO To determine the right amount of marketing support for your business you need to have someone with a flexible approach to how they will work with you so you can achieve the growth you are looking for. To establish which approach is best and to start the relationship on a strong foothold the following process of engagement seems to work. Step 1 - A chat over a coffee There is nothing better than to listen to business owners talking about their business over a cup of coffee. You can get to know each other and the on demand CMO can start to understand the key challenges and opportunities you see for your business. Step 3 - What you are planning to achieve From this, a detailed marketing plan can be developed. Step 4 - Making it happen The implementation of these plans – on time, on budget and on brief are essential for your business growth. You’ll need someone with expert knowledge of marketing project management to make these plans happen. Step 5 - Results and Analysis No activity should be undertaken without the ability to measure the results in some way. So for every campaign not only must objectives be set but also a means to monitor and report on them.
  8. 8. THE RISE OF THE ON DEMAND CMO | 8EXPERT360.COM Selecting the right on demand CMO When selecting which on demand CMO to help you grow your business you’ll need to apply the same criteria you would use for any role in your business, including: Qualifications and expertise • Look for an on demand CMO with relevant qualifications and expertise. For example, if you’re an online business, then perhaps a CMO with expertise in digital marketing would be most suitable. • Contact previous colleagues and business partners and have them provide a testimonial. Industry experience • An on demand CMO with specific experience in your industry may provide you with inside knowledge on what has worked and hasn’t in the past. Culture fit and trust • There is one perhaps more important aspect and that’s how you feel after a meeting with them. Do they understand what you are looking to achieve and do they have a genuine interest in your business? Your on demand CMO should become your most valued business partner in your business, so choosing the right one for you is vital.
  9. 9. THE RISE OF THE ON DEMAND CMO | 9EXPERT360.COM About the Author: Terry Jones View Terry’s Expert360 profile Terry is The Virtual Marketeer and works with clients to provide specific support in the development and implementation of sales and marketing projects, on demand. He specialises in creating effective acquisition, activation, and retention strategies that can be tested and developed. Having worked across all media and disciplines within a number of Advertising, Marketing Services and Digital Agencies, Terry possess a truly integrated approach to developing communication strategies. Summary If you are a startup or a small business you’ll need a fully integrated marketing plan in place and a strategy to implement it if you are to succeed. The most cost effective way to get this process underway is through the appointment of an on demand CMO, as this will enable you to get all the expertise and experience that you need – at a fraction of the cost of the alternatives. An on demand CMO will help you generate a long-range marketing strategy that delivers revenue results. If you would like to speak with Terry or find out more about our on demand CMOs and the service they provide, contact us as projects@expert360.com
  10. 10. THE RISE OF THE ON DEMAND CXO | 10EXPERT360.COM Expert360 is an online platform that connects businesses with a global network of top independent consultants for project based work. Access over 4,500 independent consultants and from top consulting and financial firms available to work onsite or remotely. expert360.com Level 1, 17-19 Bridge Street Sydney, NSW 2000, Australia info@expert360.com 1300 482 671 (AUS) 1 888 963 9185 (USA)

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