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Is it persistent follow-up with prospective buyers?
Persistent/periodic follow-up with Prospects is definitely the most important point in Business Development once you have decided that the party is a prospect.
FOCUS ON EXISTING BUSINESS ,,,, KEEP AN EYE ON THE MARKET LATEST TRENDS .... FINDING NEW VENTURES IN THE MARKET AND NEW MARKETS...
That would be a part of selling strategy and in turn a part of business development.
Product and project identification
• Developing a project report or business plan
• Managing early growth
• Business incubation
• New venture expansion – strategies and issues
Long-term strategic relationships
Good Day!!!
Agreed to Mr. Zafar Abbas
Without doubt, BD is all about building those long term partnerships and relationships.