39 min listen
The Golden Ratio - Casey Stanton - Fractional CMO Show - Episode #013
The Golden Ratio - Casey Stanton - Fractional CMO Show - Episode #013
ratings:
Length:
6 minutes
Released:
Jan 26, 2022
Format:
Podcast episode
Description
When you’re driving new business to your Fractional CMO practice it’s important to not rely too heavily on referrals. Casey Stanton is filling everyone in on why it’s more important to focus on filling up your pipeline than looking for more referrals and attain the Golden Ratio. Takeaways: The Golden Ratio is the idea that referrals are coming in more frequently than customers churn. You can not build your Fractional CMO practice solely on referrals. If you try to rely entirely on referrals, you’re never in control of your pipeline and without a full pipeline, you won’t be able to predict your income for months at a time. Referrals come from word of mouth through people who trust you. When you talk to a prospect who has been referred to you, they are likely prequalified and more likely to say yes to you based on some degree of trust built on who referred them. It’s relatively easy to get to the Golden Ratio as a Fractional CMO. If you are serving 3-6 clients for 3-24 months you only really need to get 1 referral per quarter to maintain your pipeline. Quote of the Show: “You want to get to that position where your pipeline's full, but what's better than a full pipeline is the referrals on top of it. It's kind of like the sprinkles. It's the magic.” - Casey Stanton Links Twitter: https://twitter.com/CaseyStanton LinkedIn: https://www.linkedin.com/in/caseystanton/ Website: https://cmox.co Ways to Tune In Amazon Music: https://music.amazon.com/podcasts/039bc2d6-c1b5-4ced-ac2a-437e69546e7c/fractional-cmo-show Apple Podcast: https://podcasts.apple.com/us/podcast/fractional-cmo-show/id1592740671 Spotify: https://open.spotify.com/show/1HGwnjsXA4c4gYQvj4w53E?si=bd6e0908e25749ec Google Podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9mcmFjdGlvbmFsY21vLmxpYnN5bi5jb20vcnNz?sa=X&ved=2ahUKEwjlpNDTveb0AhUXEFkFHaZcDtYQ9sEGegQIARAC YouTube: https://youtu.be/Xfysoa5mb88
Released:
Jan 26, 2022
Format:
Podcast episode
Titles in the series (79)
Resilience and Reverse-Engineering - Armen Mardirousi - Fractional CMO Show - Episode #005: Nothing you do will be easy at first, but that’s not a bad thing! Entrepreneur and Fractional CMO, Armen Mardirousi, joins host Casey Stanton to discuss the importance of setting clearly defined goals. Listen to learn about why and how to break them... by Fractional CMO Show