Business Development Manager job description
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What does a Business Development Manager do?
The Business Development Manager is essential in driving company growth by identifying new markets, building strong client relationships, and crafting strategic partnerships. This role contributes to long-term success by leveraging market insights and fostering opportunities for business expansion.
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What are the Key Responsibilities of Business Development Manager
- Identify and evaluate new business opportunities and markets.
- Develop and implement growth strategies and plans.
- Build and maintain strong relationships with clients and partners.
- Negotiate and close business deals to increase revenue.
- Collaborate with marketing teams to enhance branding and market presence.
- Research industry trends and competitive landscape.
- Prepare detailed reports and forecasts for management review.
- Manage client accounts to ensure customer satisfaction.
What are the Skills and Requirements for a Business Development Manager?
- Strong understanding of sales and marketing principles.
- Proficient in CRM software like Salesforce or HubSpot.
- Excellent negotiation and presentation skills.
- Strong analytical and problem-solving abilities.
- Ability to build and maintain professional relationships.
What are the KPIs to track for Business Development Manager?
The Business Development Manager's performance is measured by the achievement of sales targets, successful identification of growth opportunities, expansion into new markets, and the strength and longevity of client relationships.
Revenue Growth
Achieving or exceeding sales revenue targets.
Market Expansion
Successful entry into identified new markets.
Client Satisfaction
Maintain high levels of client satisfaction and retention.
Reports to
Director of Sales
Collaborates with
Marketing Team, Product Development
Leads
Sales Representatives
Are any specific tools or software required for the Business Development Manager role?
- Salesforce
- HubSpot
- LinkedIn Sales Navigator
What is the qualification of Business Development Manager?
Bachelor's degree in Business Administration, Marketing, or a related field; 5+ years experience in business development or sales.
