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The Business Development Manager (BDM) is responsible for helping grow business by finding new opportunities, researching leads, establishing strategic relationships with potential clients and partners. In this critical role, the BDM stays on top of market trends in an active pursuit of expanding into new territories and train our teams on new products using best-in-class sales techniques.
Job Responsibility:
Designs and directs the sales strategies for business group products in assigned territories
Creates and implements processes and training to ensure that the sales team is equipped to sell these products effectively
Collaborates with the VP of Sales and other stakeholders to expand the territory and product lines
Performs analysis of specific customers to determine the most effective solutions for their needs
Develops and implements strategic sales plans focused on new revenue generation and expands business in new areas by researching prospective accounts in targeted markets, pursuing leads and following through to a successful agreement
Negotiates and closes contracts
Grows revenue in assigned industry vertical, achieves gross margin target
Directs the placement of new and existing products and programs with prospective customers
Directs the involvement of cross-functional personnel within business groups to meet performance objectives and customer expectations
Drives customer service execution to ensure issue resolution
Analyzes the current business environment to implement new strategies for customer service
Facilitates introductions to other sales executives
Develops and recommends accurate and detailed metrics for effective financial forecasting and resource allocation
Forecasts, develops, manages, and achieves budget
Analyzes and reviews sales trends to identify opportunities and threats
Conduct research to identify new markets and customer needs
Maintains a strong understanding of company products, competition in the market, and positioning
Follows the latest industry developments and stay up to date on corporate competitors
Promotes the company’s products/services addressing or predicting clients’ objectives
Requirements:
Bachelor’s degree or equivalent work experience
Seven years of sales experience selling directly into the assigned industry
Excellent verbal and written communication skills
Excellent preparation of sales materials and presentation skills
Excellent negotiation skills
Organizational skills
Ability to work independently in an entrepreneurial culture
Ability to analyze financials
Knowledge of the internal processes and systems that support sales accounts
Ability to develop strong understanding of company products, market competition and positioning
Nice to have:
Master of Business Administration or equivalent work experience
Significant established relationships in assigned industry
10 years of matrix or cross-functional leadership experience in sales
Possesses in-depth technical and commercial knowledge of related products