Although they are in same field, their work nature and job prospects differ a lot.
A sales executive sells the company’s product directly to the market. Business development executives are the professionals who lead the sales executives.
A business development executive’s job may include many responsibilities.
What is top line of a company
The top line refers to a company’s revenues or gross sales. Therefore, when a company has “top-line growth,” the company is experiencing an increase in gross sales or revenues.
The bottom line is a company’s net income, or the “bottom” figure on a company’s income statement.
What is difference between BDA and BDE
Basically, a BDE is a person who should have a few years of experience in the same or atleast similar field (preferably Business Development of some other firm) while BD Manager is one rung up the ladder.
How do I sell a product?
- Find your products
- Identify your niche market
- Conduct market research
- Create buyer personas
- Brand your business
- Build your e-commerce website
- Set up processes for payment, shipping, and staying in touch
- Create high-quality product content
How do you convince customers?
- Be natural and do not use scripts
- Ask about the clients’ well-being
- Use names while talking with a client
- Prove that your products are better than those offered by competitors
- Keep initiating further conversation
- Specify the positive characteristics of the customer
- Act on emotions
Is BDE a good career option
Besides, being a Business development executive is an outstanding job for people who enjoy being part of a management team.
You can do great if you have strong interpersonal and leadership skills, enthusiasm to track numbers and sales strategy, and the strength to work under pressure.
Is BDA a good career option
Not a great work culture. Join only if you are passionate about sales and want to make career in it.
Job include cold calling generating leads for weekend and then cater those leads and Converter them into sales.
What are the 4 growth strategies
The four growth strategies These are Product, Placement, Promotion and Price. Where the Four Ps focus on audiences, channels & pricing, the Ansoff matrix is more effective for a broader view of markets and uses the older Four P framework within each of the 4 Ansoff quadrants.
What are the soft skills
Soft skills include attributes and personality traits that help employees interact with others and succeed in the workplace.
Examples of soft skills include the ability to communicate with prospective clients, mentor your coworkers, lead a team, negotiate a contract, follow instructions, and get a job done on time.
What are the questions asked in BDE for freshers?
- Why do you want to work here?
- Tell me about a sale you closed/lost
- Where do you see yourself in five years?
- Tell me about a time when you failed and how you resolved it
- How do you structure a typical day?
- Walk me through your resume
How do I use BDE in Excel?
- Excellent writing and communication skills
- Interpersonal skills and ability to build rapport with clients
- Good listening and problem-solving skills
- Time management skills
- Critical thinking skills
What are CRM tools used for
A CRM tool lets you store customer and prospect contact information, identify sales opportunities, record service issues, and manage marketing campaigns, all in one central locationand make information about every customer interaction available to anyone at your company who might need it.
References
https://www.indeed.com/career-advice/career-development/sales-vs-business-development
https://www.glassdoor.sg/Salaries/business-development-executive-salary-SRCH_KO0,30.htm
https://www.investopedia.com/ask/answers/difference-between-president-and-ceo/
https://www.indeed.com/career-advice/career-development/market-development-strategy-example
https://www.monsterindia.com/job/business-development-executive-bank-paradise-placement-consultancy-india-1230904
