Role Description:
- As a Business Development Manager (BDM), you will be responsible for identifying new business opportunities, building and nurturing relationships with prospective clients, and driving revenue growth.
- You will work closely with cross-functional teams, including sales, marketing, and product development, to ensure that new business opportunities are effectively converted into long-term partnerships.
Key Responsibilities:
Lead Generation & Opportunity Identification:
- Conduct market research to identify potential clients, industry trends, and business opportunities.
- Generate new business leads through networking, cold calling, referrals, and social media.
- Identify and pursue key decision-makers in target organizations, qualifying prospects based on needs and alignment with our services.
Client Relationship Management:
- Build and maintain strong, long-lasting relationships with prospective and existing clients.
- Develop an in-depth understanding of client needs and deliver tailored business solutions to meet those needs.
- Serve as the primary point of contact for clients during the sales process and post-sales support.
Sales Strategy & Execution:
- Develop and execute effective business development strategies to meet or exceed revenue and growth targets.
- Prepare and deliver presentations, proposals, and pitches to potential clients.
- Negotiate contracts, pricing, and terms to ensure mutually beneficial agreements.
Collaboration with Internal Teams:
- Collaborate with the sales, marketing, and product teams to ensure alignment in business goals and client expectations.
- Work with the marketing team to create effective campaigns and promotional materials that generate leads and support sales efforts.
- Liaise with the product team to ensure that client requirements and feedback are incorporated into service offerings.
Market Analysis and Competitor Research:
- Continuously analyze market conditions, competitor activities, and customer feedback to inform business strategies.
- Stay updated on industry trends, emerging technologies, and client needs to maintain a competitive edge.
Reporting & Forecasting:
- Track and report on key performance indicators (KPIs) such as lead conversion rates, sales pipeline progress, and revenue generation.
- Provide accurate sales forecasts to management and update them on the status of opportunities.
- Maintain a CRM system with accurate and up-to-date records of interactions, prospects, and sales.
Contract Negotiations & Closing Sales:
- Lead negotiations with clients, ensuring that both parties are satisfied with the terms of agreements.
- Close deals efficiently while maintaining a high level of professionalism and client satisfaction.
Customer Retention & Upselling:
- Ensure client satisfaction by maintaining regular communication and addressing any concerns post-sale.
- Identify opportunities for upselling and cross-selling additional products or services to existing clients.
Networking & Business Development:
- Attend industry conferences, seminars, and networking events to build relationships and increase the company's visibility.
- Actively contribute to the company's brand positioning and reputation within the market
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