The Business Development Manager’s Role in Making a Profitable Business
Nowadays the world of professions is expanding. More and more people feel the need to stand out and what better way than to become a business developer. Although it is not an easy profession, this person manages companies’ expansion by finding new opportunities in all areas of business or even outside. Many new professions are emerging since businesses are in need for new and innovative ideas.
Who Even Is a Business Development Manager?
A business development manager is an individual who is in charge of planning and executing the marketing strategy for a company. He may be responsible for developing new markets, negotiating contracts or generating leads. Despite what you might think, this profession has been growing rapidly over the past few years with the latest research estimating that there will be a 38% increase in employment opportunities by 2020. In this article we’ll discuss what skills are required to become a business developer as well as what influences his popularity.
The role of a business development manager is to find new opportunities for your company and what makes him different from other professionals in his field of work is the fact that he will be able to predict what customers want. He needs a solid strategy on how to get there, not only this but also what tactics should be used and when it comes down to negotiating contracts or generating leads; trustworthiness and negotiation skills will play an important role because if you can’t convince people then what’s the point?
Skills that Are Important for a Business Development Manager
To become a successful business developer you need to be persuasive and creative. As well as having the ability to talk fluently about what your company does, what its advantages are or how it can help clients achieve their goals. To become a successful business development manager you have to be versatile and willing to put your own needs on hold while working around the clock if needed. This job entails some risks such as not closing deals or making bad decisions but this person’s main goal is what can make all of these difficulties worth it: success!You also require good writing skills since many of these professionals write articles for magazines and newsletters among others things. Most importantly though is the fact that you must love what you do since this profession requires dedication and perseverance if you want to succeed in it and finally earn some recognition!
This profession requires a lot of work since it involves networking constantly in order to find new clients or even suppliers that may be suitable for your company. It also means being able to do research on what is happening around you so as not miss an opportunity if one arises. This person needs excellent communication skills so customers can understand his vision more easily thus creating good relationships between them too. He must have negotiation abilities since some deals are quite challenging but this person likes challenges! An important part of his work is also to lead teams and motivate people in order for them to achieve what the business developer wants, which includes boosting productivity.
So, the most important qualities for this position are:
- communication skills;
- ability to work under stress;
Finally, we’ll discuss how popular it is becoming a business development manager nowadays.
What Influences a Business Development Manager Popularity
To answer that question we must first know what it takes to be one so from now on if any individual has those three qualities which have been mentioned above, they can go ahead and pursue their dream career path! In addition, becoming an expert in your field also helps you gain recognition since these professionals constantly need training or take part in seminars among others things. The most important aspect that influences his popularity is what he earns at the end of the day. Many business developers earn between $110,000 and $150,000 per year which is not bad at all! The main reason why they are so popular nowadays is because what they do allows them to work remotely or freelance if desired. Although this profession requires working long hours since it doesn’t always go as planned, most people enjoy what they do regardless.
What Types of Companies Need Such a Manager?
Any company that is looking to expand into a new market or even outside its current boundaries will need a business developer. This person ensures that what he does results in revenue and satisfied customers for his employer! You can trying expanding your knowledge on that topic by reading some of the following literature:
- The Making Of A Manager by Julie Zhuo.
- First, Break All The Rules by Marcus Buckingham & Curt Coffman.
- Leaders Eat Last by Simon Sinek.
If you are considering taking on a job like this for yourself, then you should be prepared for all the risks it can cause. Good luck!
Nowadays the world of professions is expanding. More and more people feel the need to stand out and what better way than to become a business developer. Although it is not an easy profession, this person manages companies’ expansion by finding new opportunities in all areas of business or even outside. Many new professions are…