Key Responsibilities:
Identifying and pursuing new business opportunities:
This includes conducting market research, identifying potential clients, and developing strategies to enter new markets.
Building and maintaining relationships:
BDMs foster strong relationships with clients, partners, and industry influencers to secure deals and ensure long-term collaborations.
Developing and implementing business plans:
This involves creating detailed plans for new markets, client needs, and new products or services.
Negotiating and closing deals:
BDMs leverage their negotiation skills to secure new clients and finalize strategic partnerships.
Collaborating with internal teams:
They work with sales, marketing, and product development teams to align goals and ensure successful execution.
Staying updated on industry trends:
BDMs need to be aware of market conditions, competitor activities, and emerging technologies to identify opportunities and mitigate risks.
Reporting on time