What's it like to be a Business Development Manager?
The primary objective of a Business Development Manager is to bring on board new customers. What form this takes will depend on the nature of the company. You’ll likely be looking to identify new markets, new partnerships, and new ways to reach existing markets.
Tasks and duties
- Developing growth strategies and plans, by identifying and mapping business strengths and customer needs.
- Managing and nurturing relationships with existing customers.
- Attending networking events and hosting stands at exhibitions and conferences.
- Researching prospects, cold calling potential customers and responding to incoming leads to increase your client base.
- Writing business proposals and presenting these to potential customers.
- Providing specialist advice on the products and/or services you’re selling.
- Following industry trends locally and internationally.
- Negotiating, drafting and reviewing contracts.
As a Business Development Manager you may also be responsible for developing new product or service offerings to better meet the needs of new and existing customers.
What can I earn as a Business Development Manager?
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How to become a Business Development Manager
- Complete a Bachelor degree in business, economics, finance, marketing or a related field.
- Gain at least 3-5 years of experience in sales and marketing. Hiring managers will be specifically looking for a strong sales track record and a proven ability to hit targets and win new business.
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