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Redian Software
Insights 15 Sept 2017

Business Development Tactics in a Nutshell

Business development is all about figuring out, how we should mould our words so that interactions can create opportunities for growth. And the most effective ways of building a connection with the client is to prove that they are dealing w

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Business Development Tactics in a Nutshell
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Business development is all about figuring out how we should mold our words so that interactions can create opportunities for growth. It is a subset of the fields of business, commerce, and organizational theory — but in practice it is closer to a craft than a discipline, learned through repetition, listening, and a willingness to be wrong in front of prospects who do not yet trust you.

Moving Beyond Cold Calling

The awareness of the business culture is getting far beyond cold calling and get-rich-quick schemes. We are at the start of an era in which we care for each other's visions and we are building connections from which we will all have a wide spectrum of benefits. Buyers today research vendors long before a first conversation, and the team that wins is rarely the one with the loudest pitch — it is the team that shows up having already understood the problem.

The vital role of the business development team is to find new strategic opportunities for the company and help the company increase its ROI. One of the most effective ways to build a connection with the client is to prove that they are dealing with an actual person and not just a nameless, faceless corporation. That is doubly true for enterprise software buyers evaluating long-term partners for CRM and ERP implementation(/services/crm-erp-implementation), where the relationship outlasts the contract by years.

How to Approach Your Clients

A repeatable approach helps junior team members translate intent into outcomes:

  • Research — understand the prospect's industry, competitors, and current stack before reaching out.
  • Judgement — know which conversations are worth pursuing and which are not a fit.
  • Develop connection — earn the right to ask harder questions.
  • Prospect — qualify against real budget, authority, need, and timeline.
  • Presentation — show, do not tell, with examples drawn from comparable case studies(/case-studies).
  • Client engagement and relationship maintenance — the deal is the start, not the finish.

This role is challenging but also rewarding, giving the successful candidate an opportunity to develop an interesting career in business strategy. Years on from when this note was first written, the fundamentals have not changed — only the channels have. The teams that still win are the ones who treat business development as a service to the buyer, not a quota to be filled. Readers curious about how that philosophy shapes our delivery can learn more about Redian(/about).

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