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For Companies At a Glance
- Tasks: Drive growth by identifying new business opportunities and managing key relationships.
- Company: Join Algo, a fast-growing tech company specializing in audio and video communication products.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and collaboration.
- Why this job: Be part of an innovative team that shapes the future of industrial communication.
- Qualifications: Bachelor’s degree and 5 years of experience in business development or sales required.
- Other info: Fluency in English and another major European language is preferred.
The predicted salary is between 36000 - 60000 £ per year.
Company Overview:
Algo is a rapidly growing technology company specializing in the manufacturing and supply of audio and video communication products. Our innovative solutions are designed to make industrial communication safe, simple, and effective. We collaborate with some of the largest technology companies globally to deliver cutting-edge products to our customers.
The Role:
We are seeking a dynamic and results-driven Business Development Manager to join our team. The ideal candidate will be responsible for driving growth by identifying new business opportunities, managing key relationships, and expanding our market presence through our channel distribution partners. This role requires a strong understanding of network-based IP communication products and the ability to articulate our value proposition to various stakeholders.
Responsibilities:
· Identify and pursue new business opportunities to expand market share. Develop relationships with distributors for the Client products in their territory
· Develop a comprehensive understanding of customer needs, pain points, and buying behaviors to inform strategic decision-making.
· Establish regular checkpoints to review market insights and adjust strategies accordingly.
· Cultivate and maintain strategic partnerships with relevant organizations, agencies, and industry associations to enhance market visibility and drive collaboration opportunities.
· Prepare regular reports on business development activities, sales performance, and market trends.
· Utilize CRM tools to track and manage sales activities and customer interactions.
· Provide insights and recommendations to senior management based on data analysis.
Qualifications:
· Bachelor’s degree in Business Administration, Marketing, or a related field.
· Minimum of 5 years of experience in business development or sales, preferably within the IP communication or technology industry.
· Proven track record of achieving sales targets and driving business growth.
· Strong understanding of network-based IP audio and video communication products and VoIP UC solutions.
· Excellent communication, negotiation, and interpersonal skills.
· Ability to work independently and collaboratively in a fast-paced environment.
· Proficiency in CRM software and Microsoft Office Suite.
- · Fluent in English and preferably another major European language.
Business Development Manager employer: Algo Communication Products Ltd
Contact Detail:
Algo Communication Products Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Development Manager
✨Tip Number 1
Familiarize yourself with the latest trends in IP communication products. This knowledge will help you articulate our value proposition effectively during discussions with potential partners and clients.
✨Tip Number 2
Network actively within the technology and communication sectors. Attend industry events, webinars, and conferences to meet key players and establish relationships that could lead to new business opportunities.
✨Tip Number 3
Leverage your existing connections in the industry to gain insights into customer needs and pain points. This information can be invaluable when developing strategies to approach potential clients.
✨Tip Number 4
Stay updated on our competitors and their offerings. Understanding their strengths and weaknesses will allow you to position our products more effectively in the market.
We think you need these skills to ace Business Development Manager
Some tips for your application 🫡
Understand the Company: Before applying, take some time to understand Algo's mission and products. Familiarize yourself with their audio and video communication solutions and how they position themselves in the market.
Tailor Your CV: Make sure your CV highlights relevant experience in business development, especially within the IP communication or technology sectors. Emphasize your achievements in driving sales growth and managing key relationships.
Craft a Compelling Cover Letter: In your cover letter, articulate your understanding of the role and how your skills align with the responsibilities outlined. Mention specific examples of how you've successfully identified new business opportunities and built strategic partnerships.
Showcase Your Communication Skills: Since excellent communication is crucial for this role, ensure that your application materials are well-written and free of errors. Use clear and concise language to convey your ideas effectively.
How to prepare for a job interview at Algo Communication Products Ltd
✨Understand the Product Landscape
Make sure you have a solid grasp of network-based IP communication products, especially audio and video solutions. Be prepared to discuss how these products can solve customer pain points and enhance their communication strategies.
✨Showcase Your Business Development Experience
Highlight your previous successes in business development or sales, particularly in the technology sector. Use specific examples to demonstrate how you've identified new opportunities and built strong relationships with distributors.
✨Prepare for Strategic Discussions
Be ready to talk about how you would approach market analysis and strategy adjustments. Think about how you would utilize market insights to inform decision-making and drive growth for the company.
✨Demonstrate Communication Skills
Since excellent communication is key for this role, practice articulating your thoughts clearly and confidently. Prepare to engage in discussions that showcase your negotiation skills and ability to connect with various stakeholders.
