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A Quick Guide to Business Development Businessmen start a business with a goal to increase the annual sales. While it might be easier to begin a business when compared to making it grow, one of the goals should include a huge change in the business in terms of success. a lot of time and effort is required or your business to grow and become successful. there was a research on the revenue made by companies or businesses every year and it depicts that only 1/10 of 1% will reach $250,000. when you start a business it doesn’t just stop there you should also plan on the business development which includes making strategies for its growth and it should cover the perception from the market, the growth in the market, product development different channels,And new products. With all of these having to manage as well as other concerns in business the business man will surely need some help this is where a business development manager is required. The business development manager is actually the most important person in the business organisation because he needs to work with the people working in the marketing department, the internal department and other business seniors for the development of strategies for the improvement of sales which includes opportunities and more profits. The Roles that A Business Development Manager Play
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first and foremost responsibility of a business development manager is to look for new customers. looking for customers can be done by cold calling, advertising and networking.
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The development of influential strategies to approach clients is the second most important job of a business development manager as it promotes encouragement of the potential customers to do business with you. the business development manager will also find ways for the bond between the customers to be strengthened. you might ask as to how is this achieved, this is done by setting targets and supporting the customers to improve the bond. because developing a good bond with a new customers is not enough it is also important to add new account and retain the existing account this is another responsibility of the business development manager. this manager also ensures the development of strategies for the new businesses which are working with the company in terms of growth. For a business development manager to do all the roles effectively you must be backed with a good knowledge regarding the current market condition and provide insight on more products or services that a business can offer additionally he also knows the competitors of the company. If you are looking for an effective Business development manager who has these qualities then you can count on Richard Maize.