article thumbnail

What Is Business Development?

The 5% Institute

Business development plays a crucial role in achieving this goal by focusing on discovering new markets, building strategic partnerships, and improving customer relationships. Building Strategic Partnerships Collaborations and strategic partnerships can significantly impact a company’s growth trajectory.

article thumbnail

30 60 90 Day Sales Plan – A Comprehensive Guide

The 5% Institute

Expanding Your Network Networking plays a pivotal role in sales success. The larger your network, the more opportunities you’ll have to make meaningful connections. Creating Strategic Partnerships Identify potential partners or collaborators within and outside the company. Regular communication is vital.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Medical Device Sales – Your Ultimate Guide

The 5% Institute

Key skills include effective communication, active listening, product expertise, negotiation abilities, and the ability to build strong relationships. Career Growth and Development in Medical Device Sales Medical device sales offer numerous opportunities for career growth and development.

article thumbnail

The Expert Guide to Creating a Marketing Growth Strategy

ConversionXL

In that case, the company has existing knowledge of the space and can leverage its networks and credibility for market expansion. It still creates a new revenue stream, but the unrelated nature of this move likely means the business can’t leverage its existing knowledge or networks to gain traction. Unrelated diversification.

Growth 115
article thumbnail

5 Ways to Uncover Hidden Revenue in Strategic Accounts

SBI

Revegy and Finlistics , a B2B sales leadership company that promotes insight-led selling, collaborated on a content series detailing the critical ways in which delivering impactful insights to your customers and prospect positions sales and strategic account teams to develop strategic partnerships.

article thumbnail

How to Choose Digital Marketing Channels for Long Term Growth

ConversionXL

Search engine marketing is intent-based keyword bidding on search networks such as Google Adwords and Microsoft Bing. There are many who aren’t doing it well , but to me it seems this is a natural extension of any other acquisition channel, and a super important lever for retention and relationship building. Image Source.

Growth 118