Top Business Development Strategies

[charlesprabhu]

1. Invest in marketing and advertising initiatives that will increase brand awareness.
2. Expand your product or service offerings to target new markets.
3. Develop partnerships with other businesses to create a new sales channel
4. Increase your investment in research and development to create innovative new products and services.
5. Revamp your customer service strategy to provide better support and increase customer loyalty.

[soleseriouss]

Nice share, keep sharing such informative threads to help others.

[Naad Nodal]

There are 4 main strategies for business development:
(1) broad cost leadership,
(2) broad differentiation,
(3) focused cost leadership,
(4) focused differentiation.
In rare cases, firms are able to offer both low prices and unique features that customers find desirable.

[Kitty Solam]

- Understand your competitive landscape.
- Choose effective KPIs.
- Develop long-term customer relationships.
- Implement customer feedback.

[itznehamali]

The most common business development strategies are a combination of networking, referrals, advertising, and content marketing.