The fractional CMO vs. full-time CMO decision is mostly a stage and budget question - but it's also a question of what kind of marketing problem you have. Strategic and system-building problems favor fractional. Execution volume and organizational leadership problems favor full-time.
Hire fractional when: you need senior strategic expertise but can't justify $200,000–$300,000 for a full-time CMO, you need someone who's built what you're building before, or you need a short-to-medium engagement to build the function before hiring full-time. Hire full-time when: you have a large marketing team that needs organizational leadership, you need someone fully immersed in your market and culture, or you're at the scale where the CMO role is full-time management, not strategy.
Where most companies land:
What kind of marketing problem are you solving?