What Does Business Development Manager Do 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 As a business development manager you re responsible for growing your company s profits by boosting sales and forging strong relationships with clients This influential role touches all aspects of a business s growth and expansion strategy offering an invigorating mix of strategic planning and hands on execution
What Does Business Development Manager Do
What Does Business Development Manager Do
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What Does A Business Development Manager Do Coursera
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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 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
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 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
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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 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
Business Development Manager duties and responsibilities The following are some of the important duties of a business development manager Maintain current client relationship and identifying areas for potential clients Contacting potential clients to establish a business relationship and meet with them Develop new sales areas and improving Business Development Managers are at the forefront of forging new opportunities and driving growth for their organizations They identify potential clients markets and partnerships and develop strategies to cultivate these relationships into profitable ventures Their role is a dynamic mix of strategic analysis marketing acumen and sales
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What Does Business Development Manager Do - 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