The Near Memo

How your agency can increase retention and profitability by offering a fractional CMO as a service


Listen Later

Send us a text

The need to move SMBs from Tactics to Strategy & how fractional CMO’s can do that:  

John Jantsch is a seasoned consultant, speaker, and bestselling author, notably recognized for his Duct Tape Marketing brand. He shares his journey of owning an agency for 30 years, highlighting his affinity for small to midsize businesses and the challenges they face, especially regarding budget and focus. Jantsch's Duct Tape Marketing was his solution to the market's need for effective and straightforward marketing services. Over time, his approach evolved into licensing his methodology to other agencies and consultants.

In the last five years, Jantsch has pivoted towards offering fractional Chief Marketing Officer (CMO) services, capitalizing on the growing acceptance and need for part-time executive roles. He explains that the fractional CMO concept is cost-effective, providing senior marketing leadership at a fraction of the cost of a full-time CMO, particularly beneficial for companies with revenues under $30 million.

Jantsch observes an increasing demand for strategic marketing services, partly due to the market's rapid changes and the desire for differentiation among agencies. He notes that while there is a prevalent focus on lead generation and short-term goals in the industry, there's a growing recognition of the value of strategic planning, especially for businesses crossing the million-dollar revenue threshold.

Helping agencies to increase profits by developing their own fractional CMO capacity:  

In the second part of the interview, John Jantsch delves into the challenges and nuances of adopting a fractional Chief Marketing Officer (CMO) role within agencies. He acknowledges the difficulty agencies face when shifting from execution-focused services to strategic consulting, especially with existing clients who may not perceive them in this new light. Jantsch suggests that offering strategic services as an add-on and targeting a more ideal client base can facilitate this transition.

He critiques the common misunderstanding of having a marketing "plan" when businesses merely execute isolated tactics without a cohesive strategy. Jantsch emphasizes the importance of a targeted approach, focusing on the top 20% of customers and aligning marketing efforts with the entire customer journey, which he represents through the "marketing hourglass" concept. This approach entails understanding the customer's needs, refining messaging, and integrating strategic content creation.

Jantsch also discusses the foundational phase of client engagement, where he insists on starting with a strategy phase, lasting about 45 days, to build trust and set the groundwork for further marketing efforts. This phase allows for the identification of a client's true challenges and needs, fostering a relationship where the agency transitions from a vendor to a trusted advisor.

He highlights the importance of the CMO as the advocate for the customer within the company, ensuring that the entire customer experience, from initial contact through sales and service, aligns with the strategic marketing plan. Jantsch's approach underscores the need for a comprehensive understanding of the client's business processes, which is crucial for delivering effective marketing solutions and establishing a long-term partnership.

How to begin implementing a fractional CMO relationship with your client:  

In the final part of the interview, John Jantsch discusses building trust and managing dynamics within client organizations as a fractional CMO. He notes the common presence of internal politics and resistance, but emph

Subscribe to our newsletters and other content at https://www.nearmedia.co/subscribe/

...more
View all episodesView all episodes
Download on the App Store

The Near MemoBy Greg Sterling, Mike Blumenthal & David Mihm

  • 5
  • 5
  • 5
  • 5
  • 5

5

6 ratings


More shows like The Near Memo

View all
Odd Lots by Bloomberg

Odd Lots

1,936 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,832 Listeners

Niche Pursuits Podcast: Find Your Next "Niche" Business Idea! by Spencer Haws: NichePursuits.com

Niche Pursuits Podcast: Find Your Next "Niche" Business Idea!

191 Listeners

Decoder with Nilay Patel by The Verge

Decoder with Nilay Patel

3,154 Listeners

The Paid Search Podcast | A Weekly Podcast About Google Ads and Online Marketing by Chris Schaeffer, Certified Google Ads Specialist

The Paid Search Podcast | A Weekly Podcast About Google Ads and Online Marketing

323 Listeners

Search News You Can Use - SEO Podcast with Marie Haynes by Marie Haynes

Search News You Can Use - SEO Podcast with Marie Haynes

35 Listeners

Nudge by Phill Agnew

Nudge

180 Listeners

My First Million by Hubspot Media

My First Million

2,653 Listeners

Local Marketing Institute Podcast by Local Marketing Institute

Local Marketing Institute Podcast

5 Listeners

Dwarkesh Podcast by Dwarkesh Patel

Dwarkesh Podcast

511 Listeners

Hard Fork by The New York Times

Hard Fork

5,512 Listeners

The Artificial Intelligence Show by Paul Roetzer and Mike Kaput

The Artificial Intelligence Show

197 Listeners

Marketing Against The Grain by Hubspot Media

Marketing Against The Grain

358 Listeners

The Whitespark Local Update by Darren Shaw & Claire Carlile

The Whitespark Local Update

9 Listeners