What Does A Business Development Manager Do Reddit

What Does A Business Development Manager Do Reddit Written by Coursera Staff Updated on Mar 15 2024 A business development manager works in strategic planning sales management and prospecting for new clients to help grow an organization If you re interested in strategic planning setting and reaching goals and working with people inside and outside of your organization then you may

A business development manager BDM is responsible for finding and pursuing new business opportunities for a company This mid level career role involves a combination of strategic planning sales and relationship management In addition to sales BDMs collaborate with other teams in the organization including marketing and operations Business development managers are hired to grow an existing business by finding new and relevant opportunities They develop an attainable business development strategy often focused on financial gain for the company and arrange business development meetings with prospective clients Business development managers follow up with leads establish

What Does A Business Development Manager Do Reddit

What Does A Business Development Manager Do Reddit
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What Does A Business Development Manager Do YouTube
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A career as a business development manager is good for someone who is outgoing interested in sales strategies and enjoys working with people Good business development managers love the challenge of prospecting and accept rejection with grace They view each no as putting them a step closer to a yes They also enjoy being part of Business development managers nurture customer relationships explore growth opportunities and manage lead generation processes Business Development Manager Responsibilities Research and plan new growth opportunities strategies and initiatives Contact potential customers maintain current customers and increase customer value

0 0 A business development manager or BDM is responsible for strategic planning sales management and identifying new clients to drive organizational growth If strategic planning goal setting and collaborating with both internal and external stakeholders appeal to you consider a career path as a business development manager In short a business development manager is responsible for leading a team of business development representatives That may seem pretty straightforward but there are a lot of different duties that fall under that umbrella In addition to managing a team they are also responsible for overseeing sales pipeline growth

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Business development managers sometimes called BDMs are key go to market GTM team members They are responsible for building lists of sales leads and then pitching to these prospects to build the company s client list In sales terms they help move people from the top of the sales funnel to the goal of being a signed customer The most interesting thing in developing a career in business development is that each stage is a sort of microcosmos of the next level What I mean is that the ultimate goal in any stage of the company is to find growth opportunities The real difference between these stages is the number of things you experience in your career

Makes sense Unfortunately I m not a technical program manager I m a non profit program manager ie I fund clinical staff for research innovation quality improvement projects at a regional hospital Originally I thought product management or customer success but I ve interviewed for a few startups and my work experience always falls short According to Indeed business development managers make an average of 73 969 annually However this can vary depending on the individual s experience and where they choose to work Entry Level Business Development Manager 57 710 Experienced Business Development Manager 85 203 Senior Business Development Manager 109 596

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What Does A Business Development Manager Do Reddit - 0 0 A business development manager or BDM is responsible for strategic planning sales management and identifying new clients to drive organizational growth If strategic planning goal setting and collaborating with both internal and external stakeholders appeal to you consider a career path as a business development manager