YourDependableVA's Blog

Business Development ….The Basics Of….and What You Need to Know

Posted on: July 28, 2009

In the area of business development there are a number of responsibilities and techniques you need to be aware of in order to gain new customers and penetrate the market with your product(s) and/or service(s).

Find Your Target Market

It is important that your target market have the right size and growth characteristics. In order to sustain your business, one must assess the long-term range of profitability as well. Try direct mailing by purchasing mailing lists of qualified customers from customer data companies.

Intelligence Gathering

This step allows you to acquire a complete understanding of your customers and competitors. This is an important step in that it helps you to makes for better business decision-making.

Generate Leads

A sales lead increases the likelihood of a possible sale. A lead can comes from several different places such as fax, paper, mail, call centers, websites, etc. One way to generate a sales lead to a possible sale is to be involved in social networking such as LinkedIn.

Develop and Enforce Your Sales Policies and Procedures

It is important to define what your company accepts and does not accept. This brings forth a clear understanding to both ends of the transaction: you and your customer. This is a basic standard operating procedure that represents your conditions as a business.

Follow-Up on Sales Activity

This will help you to eliminate redundant steps, increases proactive control over processes and routine tasks.

Create a Formal Proposal

A formal business proposal will compose of the following things: a seller’s capabilities and/or products, an explanation of the key issues, a description of the customer’s needs and how they will be met, the total cost of the work to be done, a schedule of the deliverables, and proof of past performance.

Practice Your Pitch

This is a well practiced, carefully planned, short and to the point description of your business. Your pitch should be so clear that anyone should be able to understand what your business offers.

Have Good Customer Relationships

Having a good customer base is always important because they help to support you and your business. Nurturing, sustaining, and growing you customer relationships are also an important marketing strategy.

Here are some links to assist you in this process.

http://www.siperian.com/

http://www.manageyourleads.com/?gclid=CP2Fso6R95sCFR9N5QodNg7x_g

http://www.salesactivitymanagement.com/

http://ostglobalsolutions.com/

About the Author: Priscilla Walker is the president and CEO of Your Dependable VA, Inc. (YDVA, Inc.), a business support & cost effective solutions company. We provide high premium business support and cost effective solutions for small businesses. We focus on administrative assistance, social media marketing, and business development. For more information, please contact us at YourDependableVA@gmail.com.

“Have a More Productive Day with Your Dependable VA!”™

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