A business development manager's job includes identifying new market opportunities, developing sales strategies, and building client relationships to drive long-term growth. Key responsibilities involve lead generation, market research, negotiating deals, and preparing proposals. They also collaborate with other teams, monitor performance, and stay updated on industry trends.
Key responsibilities
- Strategy and planning :
- Develop and execute business development and sales strategies.
- Identify new business opportunities and market trends.
- Conduct market research and analyze competitor activities.
- Create long-term growth plans and strategic partnerships.
- Sales and client relations :
- Generate leads through cold calling, networking, and following up on referrals.
- Build and maintain strong relationships with clients and stakeholders.
- Negotiate and close deals to generate revenue.
- Manage key customer accounts and identify new prospects.
- Collaboration and reporting :
- Collaborate with marketing, design, and sales teams to align efforts and meet goals.
- Prepare business proposals, presentations, and contract agreements.
- Use CRM software to manage client interactions.
- Monitor business performance, track goals, and provide status reports.
- Industry and product knowledge :
- Stay updated on industry trends and the company's competitive position.
- Develop a strong understanding of the company's products and services.
- Team and other activities :
- Train and mentor junior sales staff.
- Attend networking events and conferences.
Key skills
Strategic and analytical thinkingStrong communication (verbal and written)Negotiation skillsProject managementOrganizational skillsInitiative and decision-makingSkills Required
Business Development Strategy, Market Research And Analysis, Sales Management, Sales Reporting, crm software, Staff Mentoring