Times are tough
It’s difficult for businesses these days to distinguish themselves from the competition. A small business owner approached us and was concerned about why their client acquisition rate dropped below 7%.
They were Googling phrases such as ‘How to hire a Chief Marketing Officer? We helped them determine the costs and effort and any other alternatives to hiring a CMO.
Firstly, we needed to get ourselves familiar with the definition of CMO, before hiring one. A CMO is responsible for everything in marketing, from the planning to the execution.
This individual should also be familiar with different social media platforms and able to give numbers if the marketing efforts made in a month are really worth it.
Simply; a creative individual who can track what’s working and what’s not!
Before hunting and shortlisting a CMO, it’s important to understand what would be the responsibilities of that person, here is the job description of a CMO:
When hiring for a CMO, look for someone with 10-plus years of industry experience.
Out of which, he should have had 7 years of experience in a leadership position. Also, here are some other technical qualifications that I was looking for:
Here are the general expenses associated with hiring a Chief Marketing Officer, specifically in the USA. The base salary that we are considering is $434,200 (all calculations are based on that).
Once a job post is created, it was time to make it live on various platforms such as LinkedIn, Indeed, Glassdoor, and Monster.
You can then shortlist based on the technical and professional skills that you are looking for.
Here are some questions you can ask your potential CMO:
If the individual gives satisfactory answers to the above questions, they move on to the next stage. If the answers are not up to the mark, you will have to repeat the entire process from scratch.
As a backup, you should also have alternatives in mind.
When all the above efforts fail to hire a CMO, the best alternative is to go with a digital agency.
You wouldn’t have to give benefits and bonuses, which would save you more than 140k in benefits per year.
So, here are my top 3 choices for a digital agency:
Design Ade Premier is a digital agency, go through their Instagram page, and you will see designs, animations, and motion graphics that are both colorful and vibrant.
This digital agency has worked with different industries ranging from the restaurant industry to health and wellness.
Here are some clients that DAP has worked with:
DAP has a strong social media presence and here’s what it looks like:
This really shows that DAP knows what they are doing.
Kar Creative is a digital agency that was founded in 2018. It’s based in Los Angeles and has been helping brands create self-aware marketing campaigns for more than 5 years.
They have a human-first approach. Everything they create is by and for humans.
Here are some clients that Kar Creative has worked with:
If I am hiring an agency to take over the role of a CMO, one thing that I consider is how strong is their social media presence.
True North Social is a digital media agency that’s majorly focused on SEO and web design. This agency helps brands design creative websites, that help increase traffic and eventually close more leads.
They specialize in running SEO and PPC campaigns, especially for e-commerce brands.
Here are some clients that True North Social has worked with:
If I am hiring an agency to take over the role of a CMO, one thing that I consider is how strong is their social media presence.
Note: This social media agency doesn’t have a specific specialization but does everything, which means they wouldn’t be focused on the marketing aspects of my agency.
I guess now I know the answer to
“How to hire a chief marketing officer?”
Companies should hire a CMO to ensure strategic alignment between marketing efforts and overall business objectives.
A CMO brings a comprehensive understanding of market trends, customer behavior, and competitive landscapes, allowing them to craft marketing strategies that directly contribute to the company’s growth and profitability.