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Business Development Manager
Duties and Responsibilities
The duties and responsibilities of a Business Development Manager are mainly concerened with sales, management and client relations, but they also cover many other different aspects.
Their common job functions include:
* Identifying new business opportunities, including new markets, new clients, new partnerships or new products and services
* Creating strategies to successfully reach new business opportunities
* Building relationships with new clients, gauging their needs and developing proposals to address these needs
* Maintaining and developing relationships with current clients
* Pitching sales and products to new and existing clients
* Attending conferences and events to build relationships with industry partners and staying up to date with new trends
* Creating sales forecasts and actively working towards reaching them
* Possessing a strong understanding of the company’s products, the competition in the industry and positioning
* Managing and training a business development team
Business Development Manager skills and qualifications
As this role involves working with people at almost every level, whether it’s managing a team, networking with industry partners, reporting to senior management or building relationships with clients, Business Development Managers have to enjoy working with people and should have excellent interpersonal skills.
A successful Business Development Manager candidiate requires specific prerequisite skills and qualifications including:
* The ability to sell ideas, products and services
* Excellent time management skills and the ability to multitask
* A strategic and creative mind
* Strong leadership qualities to lead a team
* Excellent customer service skills
* Technical skills to understand and propose products or solutions by focusing on the client’s requirements
* Solid IT skills and knowledge of necessary software applications including Microsoft Word, Excel, PowerPoint and other statistical analysis software.
* The ability to motivate themselves and others
* A solid understanding of business and marketing principles
Business Development Manager experience requirements
To succeed in their job, Business Development Managers need extensive sales experience and a strong sales record. Employers usually require candidates to have proven ability to hit sales targets, bring in new business and build and sustain good business relationships. Experience within a relevant business sector will be advantageous and some employers may also require some management experience.
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