Marketing on a budget? Here's how Fractional Marketing Resources and Marketing Consultants can help.
- Sheree
- Feb 16, 2023
- 3 min read
In today's business landscape, companies of all sizes face the challenge of achieving their marketing objectives while managing costs. Small and medium-sized businesses often have limited resources and smaller budgets, making it difficult to invest in full-time marketing resources. However, marketing is an essential function that drives growth and revenue, and therefore should not be neglected.
Fortunately, the rise of fractional marketing resources and marketing consultants has provided a solution to this problem. Fractional marketing resources and marketing consultants share many similarities, but there are also some key differences between the two. Here are a few ways to differentiate between fractional marketing resources and marketing consultants:
Time Commitment: Fractional marketing resources are typically hired on a part-time or project basis, while marketing consultants are usually brought on for a specific project or period of time. Fractional marketing resources can work for a longer period of time and be more integrated into a company's marketing team, whereas marketing consultants tend to be more focused on a specific project or objective.
Scope of Work: Fractional marketing resources often have a broader scope of work, while marketing consultants tend to have a more narrow focus. Fractional marketing resources can provide a range of services, such as strategic planning, branding, content creation, communications, and social media management. Marketing consultants, on the other hand, tend to specialize in a particular area of marketing, such as SEO, PPC advertising, or market research.
Expertise: Both fractional marketing resources and marketing consultants bring expertise to the table, but their areas of expertise may differ. Fractional marketing resources typically have more varied experience working with a range of businesses and industries, while marketing consultants may have a more focused area of expertise based on their specific niche or specialization. Both typically have a deep understanding of the latest marketing trends and best practices. This specialized expertise can be invaluable in helping businesses achieve their marketing objectives.
Cost: The cost of hiring a fractional marketing resource vs a marketing consultant can differ. Fractional marketing resources are typically less expensive than hiring a full-time marketing employee, but may be more expensive than a marketing consultant due to the broader range of services provided. Marketing consultants may charge more per hour, but can also be more cost-effective for specific projects or specialized expertise.
Objectivity: Both fractional marketing resources and marketing consultants can bring an objective perspective to a company's marketing efforts. They often provide fresh ideas and insights that may not have been considered by the in-house team, and can provide constructive feedback on existing marketing strategies. This objective perspective can help businesses to identify and capitalize on new opportunities, and to optimize their marketing efforts for maximum impact.
Scalability: Fractional marketing resources and marketing consultants can scale their services up or down as per the business needs. They can help businesses to grow and evolve their marketing function as the business expands, without the added cost and effort of hiring and training new staff.
In summary, both fractional marketing resources and marketing consultants can provide valuable marketing expertise to businesses. Hiring a fractional marketing resource can be a great choice for companies that need additional support or specialized expertise on a part-time or project basis. Fractional marketing resources are cost-effective, flexible, and can bring fresh ideas to a company's marketing efforts. On the other hand, hiring a marketing consultant can be a good choice for companies that need strategic guidance and advice to develop a comprehensive marketing plan or improve their overall marketing strategy. In some cases, you get the best of both worlds in the same person (subtle wink to Titan Marketing). Ultimately, the decision to hire a fractional marketing resource or marketing consultant depends on a company's specific needs and goals.