What is a Business Development Manager?
- They are responsible for developing the business side of an organisation.
- They work with the marketing, sales, and technical teams to identify potential opportunities for growth and profitability.
- Their focus is on finding new clients and markets and generating revenue through sales.
- Business development managers also play a key role in driving growth and helping businesses to reach their goals.
How to become a Business Development Manager
Qualifications
- Bachelor’s degree in a relevant field such as Business Administration, Marketing, Economics, or a related discipline is often preferred.
- Other equivalent work experience or professional certifications may also be considered by employers.
Skills
- Strong communication skills and interpersonal skills as the role involves dealing with customers and clients.
- Demonstrated knowledge and understanding of the industry, staying updated on industry trends, market dynamics, and competition.
- Strong sales and marketing skills are essential for a business development manager role.
- Having the ability to forge new relationships is an important skill, as well as having the ability to network, attend industry events and build partnerships.
- The business landscape is constantly evolving, and Business Development Managers need to be adaptable and resilient in the face of challenges.
Day-to-day Tasks
- Conducting market research and analysis, involving gathering data, analysing market conditions, and staying updated on industry news and developments.
- Generating leads and identifying new business opportunities.
- Engaging with clients and prospects to understand their needs.
- Collaborating with internal teams to develop customised proposals, presentations, and pitches to potential clients.
- Tracking and analysing key performance indicators (KPIs) to evaluate success of business development efforts.
- Attending industry events, conferences, and trade shows to network with potential clients.
- Staying informed of current affairs within the industry relevant to the business.
How much can you earn as a Business Development Manager?
- You can expect to earn a competitive salary. The typical salary ranges from £30,000 to £70,000 per annum.
- On top of this, you could be eligible for additional benefits such as a bonus or commission depending on the company.
- It’s recommended to research the specific industry, company, and location to get more accurate understanding of the salary expectations for this role.
If you are interested in this type of role, get in contact with Shirley Renham;
07794 440784
Shirley.renham@venatu.co.uk