Learn the top business development mistakes to avoid and how to fix them.
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00:00 Intro to Top Business Development Mistakes to Avoid
00:52 Going After Small Deals
02:16 Not Thinking Long Term
04:10 Not Building a Lead Generation Machine
05:43 Being Too Desperate
06:58 Too Focused on Selling
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Going After Small Deals
When it comes to business development, you want to make sure you're partnering with companies that can provide a worthwhile profit. If your business development strategy is to go for small businesses, understand you'll be going for high velocity since each business development deal won't be worth much on its own. As a business development executive, it's your role in determining who you should spend your energy on.
Not Thinking Long Term
Being a business development manager is a long term role where you have to look for potential profits in the long run. This may be looking out months or even years ahead. Most B2B sales and business development think too short term, which hurts their long term profits.
Not Building a Lead Generation Machine
One of the most important aspects of sales development and business development is building your lead generation machine. You'll have to consistently book new appointments with sales and business development prospects and fill your business development pipeline with new opportunities.
Being Too Desperate
Part of being a business development executive not being too desperate during your deals. Know what you're willing to give up to close a business development deal.
Too Focused on Selling
In your business development sales cycle, you'll want to help your clients instead of focusing too much on the sale. This will lead to longer-term business development success.
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Patrick Dang is an international sales trainer who started his career at Oracle in Silicon Valley and quickly became on the top performers in North America in just one year.
After gaining experience in both the enterprise and startup world, Patrick began sharing his knowledge of modern sales students worldwide.
Since then, Patrick has trained over 70,000 students across 150 countries on topics on how to start a career in sales, business development, lead generation, cold email, LinkedIn, cold calling, and sales skills.
Patrick's vision is to inspire others to pursue their dreams and provide the knowledge and tools to make those dreams a reality.
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Top Business Development Mistakes to Avoid
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