A business development manager in retail is responsible for helping the company grow its profits. They may perform the following tasks:
- ResearchIdentify market opportunities through meetings, networking, and other channels
- Develop plansCreate development plans, forecast sales targets, and develop growth projections
- Build relationshipsMeet existing and potential clients and build positive relationships
- AnalyzeAnalyze sales figures, evaluate competitor activity, and develop tactics to enhance performance
- MonitorEnsure that marketing and promotion programs are correctly implemented, and that Deeper retail standards are followed
- CoachWhen required, coach, mentor, and train store teams on retail basics and store merchandizing
- Other responsibilities of a business development manager include:
- Generating new sales leads
- Negotiating client pricing
- Researching, planning, and implementing new target market initiatives
- Developing quotes and proposals for prospective clients
- Locating or proposing potential business deals by contacting potential partners
- Tracking individual contributors and their accomplishments