Is hiring a marketing coach worth it?

Why Hiring a Marketing Coach Could Be the Best Investment You Make for Your Business

steve phipps

Steve Phipps

CEO, President, Chief Strategist

September 3, 2024

Every CEO has faced it—the quiet moment after a big meeting where the future of the company’s marketing strategy is still unclear. The presentations are polished, and the ideas sound promising, but there’s a nagging feeling that something is missing. You can’t quite put your finger on it, but you know deep down (or it might be glaringly obvious) that your marketing efforts aren’t delivering the results you need to drive growth. This is when many begin to wonder if a marketing coach could be the missing piece.

You’ve seen other businesses in your industry leap ahead, seemingly with ease. Their marketing messages are clear, their strategies are on point, and they’re capturing the market share you’ve been eyeing. You’re left wondering: What are they doing differently? How are they getting it right while you’re struggling to see a return on your marketing investments?

This frustration is common, and it’s the tipping point that leads many business owners to ask a crucial question: Is hiring a marketing coach the key to unlocking sustained success?

What Is a Marketing Coach?

At its core, marketing coaching is about guidance, training, and support. A marketing coach works with business owners, CEOs, marketing managers, and/or sales teams to help them develop the skills and strategies needed to effectively market their products or services. 

Unlike consultants who provide a plan and leave, a marketing coach stays with you, guiding you through the implementation process, providing feedback, and helping you navigate challenges along the way.

Think of it like a sports coach. Just as a coach helps an athlete fine-tune their performance, a marketing coach assesses where your business currently stands, identifies areas for improvement, and helps you execute strategies to achieve your marketing goals.

The Role of a Marketing Coach: More Than Just Advice

One of the most significant aspects of a marketing coach is their hands-on approach, especially in the context of B2B companies. Unlike consultants who may deliver a strategy and then step away, a marketing coach becomes an integral part of your team, working closely with both the CEO and the revenue team to ensure that strategies are not just developed but effectively executed.

business marketing coach

At Wayfind Marketing, we have a proven track record of partnering with CEOs to translate their vision into actionable strategies that align with broader business goals. Our experience across diverse industries allows us to tailor our coaching approach to address the specific challenges and opportunities that your company faces, ensuring that your marketing efforts are both strategic and effective.

A Collaborative Partner for the CEO

For a marketing coach to be truly effective, their relationship with the CEO is paramount. The CEO’s vision drives the company, and the marketing coach’s role is to help guide sales and marketing to translate that vision into actionable marketing strategies that align with broader business goals. This close collaboration allows the coach to understand the unique challenges and opportunities the company faces, ensuring that the marketing strategies developed are not just generic but tailored specifically to the company’s needs.

A marketing coach works directly with the CEO to establish clear objectives, set realistic expectations, implement proven frameworks, and define key performance indicators (KPIs) that will measure success. This level of CEO access is critical because it ensures that the marketing efforts are always in sync with the company’s overall direction. Without this alignment, marketing initiatives can become disjointed, failing to support the company’s growth trajectory.

Read More: 5 Ways a Business Marketing Coach Can Help CEOs Drive Growth

Enhancing the Marketing Team’s Capabilities

Beyond their partnership with the CEO, a marketing coach also plays a pivotal role in elevating the skills and effectiveness of the marketing team. Whether your company has a dedicated marketing manager or an entire marketing department, the coach acts as a mentor and guide, helping the team to sharpen their skills and refine their strategies.

For instance, if the team is struggling with content creation, a digital marketing coach will step in to provide practical training on best practices for SEO, crafting compelling headlines, and developing content that resonates with the target audience. They don’t just provide a checklist of tasks—they dive into the details, explaining the why behind each strategy and showing the team how to execute these tasks effectively.

As the team implements these strategies, the marketing coach remains engaged, observing their progress and providing real-time feedback. This iterative process ensures that the team not only understands what needs to be done but also gains the confidence and competence to do it independently over time.

Read More: How to Write SEO-Friendly Blog Posts That Reflect Your Brand

The Power of Ongoing Feedback and Adjustment

The relationship between a marketing coach, the CEO, and the marketing team is not static; it’s dynamic and evolves as the company grows. A key part of a marketing coach’s role is to monitor progress and help the team adjust strategies as needed. This might involve tweaking a campaign that isn’t performing as expected, refining messaging to better connect with a target audience, or pivoting the overall approach in response to market changes.

This continuous loop of feedback and adjustment is crucial for long-term success. It ensures that the company’s marketing efforts remain agile and responsive, able to adapt to new challenges and opportunities without losing momentum.

Marketing coaching

One crucial detail to note about a marketing coach is that they don’t do the work for you. His/her job is to coach and equip your team to do the work. A good coach will ask a lot of questions to help you/your team determine and decide what needs to be done for greater team buy-in. If you’re looking for someone to tell you everything you need to do, a coach won’t be the right option for your company. But if you want someone who will challenge you and your team, ask incisive questions that help you think creatively, and guide you to become self-sufficient, then a coach may be the best marketing investment you can make.

Building a Marketing Ecosystem That Thrives

Ultimately, the goal of a business marketing coach is to build a self-sufficient marketing ecosystem within the company. By working closely with both the CEO and the marketing team, the coach helps create a strong foundation where marketing strategies are not just implemented but are fully understood by those executing them. This knowledge transfer is vital—it empowers the team to continue driving successful marketing initiatives long after the coaching period has ended.

The relationship between the marketing coach and the CEO is the linchpin that holds this ecosystem together. With the CEO’s vision and strategic direction, combined with the marketing coach’s expertise and hands-on guidance, the company is positioned to achieve sustainable growth. This partnership ensures that marketing is not just an operational function but a strategic driver of business success.

Marketing Coach vs. CMO vs. Consultant: What’s the Difference?

When deciding whether to hire a marketing coach, it’s essential to understand how they differ from other marketing roles, such as a Chief Marketing Officer (CMO) or a consultant.

  • Marketing Coach: Focuses on teaching and guiding you or your team. They ask questions that lead to self-discovery and help you build long-term marketing skills. They are in the trenches with you, providing ongoing support and feedback. But they won’t do the work for you – that’s for you and your team.
  • Chief Marketing Officer (CMO): Often takes a strategic leadership role within a company. A CMO might be responsible for developing the overall marketing strategy and managing the marketing team. They typically have more authority and day-to-day responsibilities within the organization compared to a coach.
  • Marketing Consultant: Usually brought in to assess a situation, provide recommendations, and then leave. They might give you a plan, but the execution is often left to you. A consultant is more about providing answers, whereas a coach is about helping you find those answers.

When weighing your options for enhancing your marketing efforts, it’s crucial to recognize the distinct value each role brings to the table. A marketing coach offers a unique combination of hands-on guidance and educational support, empowering your team to develop the skills needed for long-term success. 

Unlike a CMO, who leads with strategic authority, or a consultant, who provides recommendations and then steps away, a marketing coach remains a steadfast partner in your journey, helping you navigate challenges, refine strategies, and build a resilient marketing framework from within your organization. This collaborative approach ensures that your marketing capabilities are not only strengthened in the short term but also set up for sustained growth in the future.

Read More: Digital Marketing Coach vs. Marketing Agency: Which is Right for You?

When Is a Marketing Coach the Right Choice?

Marketing coaching is ideal for companies that want to keep their marketing efforts in-house. If your company is determined to have control over its marketing strategies and execution, but you’re facing challenges with getting results, a business marketing coach could be the solution.

For instance, if your marketing manager is struggling to deliver results despite reading books, attending workshops, or trying different systems, it might be time to bring in a coach. A marketing coach can provide the strategic perspective that your team needs, help them prioritize effectively, and guide them through the process of implementing successful marketing campaigns.

in-house B2B marketing coach

The Investment in Marketing Coaching: What to Expect

One of the most common questions is, “How much does a marketing coach cost?” The investment in marketing coaching varies depending on the level of coaching and the frequency of sessions. Typically, marketing coaching services start at around $2,500 per month for weekly coaching and ongoing support. If your team needs a fuller suite of coaching services (including the sales team), the investment will go up.

Over a 24-month period, this could add up to an investment of $60,000. While this might seem like a significant investment, it’s crucial to compare it to other options, such as hiring a marketing agency. With an agency, you could easily spend $5,000 per month or more, totaling $120,000 over the same period. The key difference is that with coaching, you are building a self-sufficient marketing team that can continue to deliver results long after the coaching has ended.

Our clients have seen firsthand the value of this approach. By investing in coaching with Wayfind Marketing, they’ve not only enhanced their team’s capabilities but are building a sustainable marketing engine with the capability to drive growth long after our formal engagement has ended.

What Results Can You Expect?

Another critical consideration is the ROI. How quickly can you expect to see results from digital marketing coaching? The reality is that it depends on several factors, including where your business currently stands in the market, the complexity of your marketing needs, and how quickly your team can implement the strategies learned.

In general, it takes between six to twelve months to start seeing meaningful results. This is because there is a learning curve involved, and building a sustainable marketing strategy takes time. However, once the groundwork is laid, your company will be better positioned for long-term growth.

Read More: Educational Marketing Content Accelerates Sales and Deals (Here’s How to Do it)

Who Should Not Hire a Marketing Coach?

While marketing coaching can be incredibly beneficial, it’s not the right fit for every company. If your business does not want to manage an in-house marketing team or if you prefer to outsource your marketing entirely, coaching might not be the best option.

Additionally, if you are looking primarily for quick wins and immediate results, marketing coaching services might not meet your expectations. Coaching is about building a solid foundation for sustained growth, which takes time and patience.

The Long-Term Commitment: Is It Worth It?

Investing in a small business marketing coach typically requires a commitment of 18 to 24 months. However, you are not locked into a contract. Most coaches work on a month-to-month basis, meaning you can opt out if you don’t feel like you’re getting the value you expected.

That said, the long-term nature of the commitment is crucial for achieving the best results. The goal is to make your team self-sufficient so that they can handle all aspects of marketing effectively by the end of the coaching period.

A consultant is more about providing answers, whereas a coach is about helping you find those answers.

Assessing the Right Marketing Coach for Your Business

Choosing the right marketing coach is about more than just credentials. You’ll want to look at their track record, the types of companies they’ve worked with, and the results they’ve achieved. Testimonials, case studies, and proof points are essential for ensuring they have the experience needed to help your business succeed.

Chemistry is another critical factor. The relationship between you and your coach needs to be one of trust and mutual respect. A good coach will challenge you, ask tough questions, and push you out of your comfort zone—but in a way that aligns with your goals.

How to Get Started

If you’re considering hiring an online marketing coach, the first step is to have a conversation. Most coaches offer an initial consultation where you can discuss your needs, ask questions, and get a sense of how they work. This is an excellent opportunity to see if the coach’s style and approach resonate with you.

Is Hiring a Marketing Coach Worth the Investment?

To wrap things up, is hiring a marketing coach worth the investment? It depends on your specific needs and goals. If your company has ambitious growth plans and you’re committed to keeping marketing in-house, a marketing coach can be an invaluable asset.

The key questions to ask yourself are:

  • Do you have growth goals that require successful marketing?
  • Are you looking to keep your marketing in-house?
  • Are you patient enough to wait for long-term results rather than immediate gains?
  • Are you coachable and willing to be challenged?
  • Can you commit to a financial investment over 18 to 24 months?

If the answer to these questions is yes, then hiring a marketing coach could be one of the best decisions you can make for your business. The long-term benefits of building a self-sufficient, highly skilled marketing team that drives your company’s growth can far outweigh the initial investment.

Discover How a Marketing Coach Can Help You Empower Your Team and Achieve Lasting Growth

With years of hands-on experience in coaching marketing teams, we’ve honed our ability to not only teach best practices but to empower your team to execute with confidence. Our approach goes beyond theory, providing actionable insights that have been tested and proven in real-world scenarios.

Ready to explore if a marketing coach is right for you? Reach out, schedule a conversation, and let’s see how we can help you achieve your marketing goals.

 

steve phipps

About Steve Phipps:

Steve Phipps, president of Wayfind Marketing and a certified They Ask, You Answer Coach, brings over 25 years of marketing expertise. His practical, client-focused approach has helped numerous businesses grow. As a former CMO for multiple companies and a Chick-fil-A franchise owner, Steve understands the challenges small business owners face. He leads Wayfind Marketing with a mission to help business owners grow their companies without the usual headaches, emphasizing strategies that position companies as authorities in their field.

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