Remove Niche Remove Relationship building Remove Strategic partnership Remove Technology
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

The Expert Guide to Creating a Marketing Growth Strategy

ConversionXL

This strategy can be useful for established companies looking to grow but don’t have a pressing need to expand beyond their niche. Companies can acquire competitors’ products or technology to enhance their offering within the market they already serve. Partnerships. During product development, test activities like: R&D.

Growth 115
article thumbnail

How to Choose Digital Marketing Channels for Long Term Growth

ConversionXL

In addition, display allows you to target niche audiences based on interests. 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. Business Development & Partnerships.

Growth 118