What does a Business Development Specialist do?
Published 3 min read
A business development specialist is responsible for generating new business opportunities for their company. They may be involved in activities such as market research, lead generation, sales presentations, and product demonstrations. In some cases, they may also be responsible for developing and managing relationships with key clients.
Business Development Specialist job duties include:
- Identify new business opportunities – including new markets, growth areas, trends, customers, products and services
- Develop strategies and plans to exploit those opportunities
- Research and build relationships with potential new customers
- Work with the sales team to develop proposals that meet the needs of the customer and are commercially viable
- Negotiate and agree contracts with customers
- Monitor competitor activity and market trends
- Keep up to date with developments in your sector
- Attend industry events and conferences
- Build strong internal relationships to ensure all relevant departments are aware of and support your activities
- Achieve agreed targets for new business growth
Business Development Specialist Job Requirements
A Business Development Specialist typically needs a bachelor's degree in business administration or a related field. Some employers may prefer candidates who have a master's degree in business administration (MBA). Many Business Development Specialists have previous experience working in sales, marketing, or customer service. Employers also value excellent communication, negotiation, and presentation skills. Some Business Development Specialists may need to be proficient in using specific software applications.
Business Development Specialist Skills
- Business development
- Client relations
- Communication
- Contract negotiation
- Event planning
- Marketing
- Networking
- Proposal writing
- Public speaking
- Sales
- Social media
Related: Top Business Development Specialist Skills: Definition and Examples
How to become a Business Development Specialist
A Business Development Specialist is responsible for identifying and developing new business opportunities for their company. They work closely with other departments within the company to ensure that all business objectives are met. In order to become a Business Development Specialist, one must have a strong understanding of the sales process and be able to identify new business opportunities. They must also be able to build relationships with potential customers and clients.
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