
Business Development Manager Job at Alfred & Victoria Associates
- Ikeja, Lagos State
- Permanent
- Full-time
Employment Type: Full-timeJob Purpose
- The Head of Business Development is responsible for driving sustainable growth and profitability by providing strategic direction for market expansion and revenue generation.
- This role involves a deep understanding of market realities, identifying trends, and pursuing opportunities that align with the company’s long-term objectives.
- The Head of Business Development leads initiatives for upselling, business expansion, and strategic partnerships, ensuring the organization is well-positioned to capitalize on emerging market opportunities.
- Business Development Strategy: Lead market expansion, upselling, and strategic growth initiatives to drive sustainable revenue and profitability.
- Identifying Opportunities: Proactively identify new business opportunities, markets, and potential clients.
- Strategic Planning: Develop and implement strategic business plans to achieve organizational goals and objectives. Align business development initiatives with the overall company strategy.
- Client Relationship Management: Identify opportunities to upsell or cross-sell products and services to existing clients.
- Market Expansion: Explore and evaluate new markets, industries for potential business growth.
- Lead Generation and Conversion: Convert leads into actual business by presenting compelling value propositions.
- Negotiation and Deal Closure: Negotiate terms and conditions with clients, ensuring favorable outcomes for the company.
- Risk Management: Assess and mitigate risks associated with new business ventures and partnerships.
- Collaboration with Internal Teams: Collaborate with marketing, sales, product development, and other internal teams to align strategies and ensure cohesive execution.
- Reporting and Analysis: Provide regular reports on business development activities, progress, and outcomes.
- Conduct thorough market research to identify potential business opportunities.
- Developing and implementing strategic plans to achieve business goals.
- Identifying target markets and customer segments.
- Generating leads through various channels, such as networking, cold calling, and online research.
- Building and maintaining a network of contacts to facilitate business development.
- Develop and implement strategic business plans aligned with the company's overall objectives.
- Staying informed about industry trends and adapting strategies accordingly.
- Identifying and implementing innovative approaches to business development
- Identifying and negotiating partnerships or alliances that can benefit the company.
- Building and maintaining relationships with key partners.
- Effectively communicating the value proposition of products or services.
- Creating and delivering presentations to clients, partners, and internal stakeholders.
- Collaborating with sales teams to develop and implement effective sales strategies.
- Meeting or exceeding sales targets and contributing to revenue growth.
- Providing input on product or service development based on market feedback and trends.
- Negotiating contracts and agreements with clients, partners, and suppliers.
- Closing deals that contribute to the overall growth of the business.
- Managing and nurturing relationships with clients and customers.
- Ensuring customer satisfaction and addressing any issues or concerns.
- Providing regular reports to management on business development activities and outcomes.
- Other duties as may be assigned by the COO.
- Revenue Generation: The overall revenue generated by the BDM through new business acquisitions.
- Sales Achievement: The percentage of the sales target or quota achieved.
- Sales Growth: Percentage increase in sales over a specific period.
- Market Share Increase: Percentage increase in the company's market share
- Strategic Partnerships: The quantity and quality of partnerships formed with other companies or organizations.
- Customer Acquisition: The quantity of new clients brought in by the BDM
- Percentage of revenue generated through strategic partnership
- The percentage of clients retained over a given period.
- Lead generation: The percentage of leads converted into actual customers
- Sales Cycle Efficiency: The average time it takes to convert a lead into a customer.
- A minimum of Graduate-level degree; MBA would be an added advantage
- A minimum of 8 years of cognate experience
- At least 5 years of Job-related experience in a strategic, supervisory or management capacity leading marketing or public relations and sales team within the ICT industry.
- Experience working with enterprise and government organizations
- Demonstrated strong servant leadership.
- Knowledge of the product/solutions and competitive environment is required
- Knowledge of principles and method for shows, promotions and selling of solutions. This includes marketing strategies and tactics, product demonstration and sales techniques.
- Knowledge of financial management is critical
- Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction
- Knowledge of media production, communication and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral and visual media.
- Understanding of IT Products and Services: Familiarity with current trends and advancements in IT, including software, hardware, cloud computing, and emerging technologies.
- Industry Knowledge: Understanding of the specific needs and challenges faced by clients in the IT sector.
- Market Research: Capability to conduct market research to identify potential clients, competitors, and market trends.
- Stay updated on industry news, regulations, and technological advancements.
- Solution-Oriented Approach: Capacity to understand client requirements and propose customized IT solutions.
- Competitor Analysis: Analytical skills to assess competitors' strengths, weaknesses, and market positioning.
- Aligning the company's solutions with the specific needs of clients in a way that demonstrates clear benefits.
- Networking and Relationship Building: Building and maintaining relationships with key players in the industry, including clients, partners, and influencers.
- Excellent written and verbal communication skills
- Business and market intelligence
- Marketing research
- Project management
- Negotiation
- Presentation skills
- Strategic thinking
- Organisation and planning
- Problem-solving skills
- Analytical skills
- Collaboration
- Team-leadership
- Persuasiveness
- Adaptability
- Decision-making
- Networking
- Good product Innovation skills.
Very Attractive.Method of Application
Interested and qualified candidates should send their CV to: using the Job Position as the subject of the email.Note: If your competence, career goals and aspirations are in alignment with the requirements of this job role, kindly apply.
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