Business Developer job description
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What does a Business Developer do?
The Business Developer is responsible for identifying new business opportunities, establishing relationships with potential clients, and driving company growth through strategic initiatives. This role is crucial in expanding market presence and increasing profitability by effectively promoting the company's offerings.
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What are the Key Responsibilities of Business Developer
- Identify and research potential clients and markets.
- Develop and maintain client relationships.
- Collaborate with sales and marketing teams to develop growth strategies.
- Prepare and present proposals to potential clients.
- Negotiate and close deals with clients.
- Monitor industry trends to identify new opportunities.
- Maintain detailed records of sales activities and prospects.
- Provide regular feedback to management regarding successful strategies.
What are the Skills and Requirements for a Business Developer?
- Strong communication and negotiation skills.
- Ability to build and maintain client relationships.
- Strategic thinking and market analysis capabilities.
- Proficiency in CRM software and Microsoft Office.
- Self-motivated with a results-driven approach.
What are the KPIs to track for Business Developer?
Business Developer's effectiveness is gauged by the increase in revenue from new clients, successful advancement of business initiatives, and the number of new partnerships fostered within a specific timeframe.
Revenue Growth
Increase in revenue from newly acquired clients.
Deal Closure
Successful negotiation and closing of new deals.
Client Acquisition
Number of new clients acquired in target markets.
Reports to
Director of Sales
Collaborates with
Sales Team, Marketing Department
Leads
None
Are any specific tools or software required for the Business Developer role?
- Salesforce
- LinkedIn Sales Navigator
- Microsoft Excel
What is the qualification of Business Developer?
Bachelor's degree in Business Administration, Marketing, or a related field. 3-5 years of experience in business development or sales.
