Business Development Manager - Cosmetics
Posted on :
24-10-2024
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Job Description
Job Purpose:
The Business Development Manager will play a pivotal role in driving the companys growth strategy by identifying and securing new business opportunities forming partnerships with suppliers and expanding the brands presence in the market. This position requires a dynamic leader with a passion for the beauty industry and a proven track record of growing market share in a competitive environment.
Key Responsibilities:
- Strategic Partnerships: Identify and establish strong relationships with innovative costeffective suppliers to support the development of our product portfolio.
- Market Expansion: Drive the companys business development efforts in new and existing markets by identifying and pursuing new revenue streams.
- Sales Strategy: Develop and implement a sales strategy to achieve business growth targets and increase brand presence in key markets.
- Market Analysis: Conduct market research and competitor analysis to identify emerging trends consumer demands and business opportunities.
- Product Development: Collaborate with internal teams (marketing product development etc.) to ensure the timely launch of new products that align with market needs and consumer trends.
- Negotiation: Lead contract negotiations with suppliers and partners to secure favorable terms and pricing.
- Reporting: Prepare and present regular performance reports to senior management including analysis of key metrics and recommendations for growth.
- Networking: Attend industry events trade shows and networking functions to build relationships with potential partners suppliers and customers.
- Customer Engagement: Develop and maintain relationships with key customers to understand their needs and preferences ensuring customer satisfaction and loyalty.
- Brand Positioning: Work closely with the marketing team to refine brand messaging and positioning strategies that resonate with target consumers.
- Sales Forecasting: Prepare accurate sales forecasts and reports to inform resource allocation and strategic planning.
- Budget Management: Develop and manage budgets for business development initiatives ensuring costeffective strategies that align with financial goals.
- Team Leadership: Mentor and lead business development team members fostering a culture of collaboration performance and continuous improvement.
- Regulatory Compliance: Ensure all business development activities comply with relevant regulations and industry standards.
- CrossFunctional Collaboration: Collaborate with product development marketing and operations teams to ensure alignment on product offerings and gotomarket strategies.
- Performance Metrics: Establish and track key performance indicators (KPIs) for business development activities to assess effectiveness and identify areas for improvement.
- Innovation Promotion: Encourage a culture of innovation within the team by identifying new business opportunities market gaps and potential product enhancements.
Key Requirements:
- Experience: 7 years of experience in business development sales or partnerships ideally within the beauty cosmetics or retail industries.
- Education: Bachelors degree in Business Administration Marketing or a related field. MBA is a plus.
- Industry Knowledge: Strong understanding of the beauty and cosmetics industry including emerging trends and consumer behavior.
- Skills: Excellent negotiation communication and relationshipbuilding skills.
- Analytical Thinking: Ability to analyze data spot trends and provide insights that drive business decisions.
- ResultsOriented: Proven ability to meet and exceed sales targets and business growth objectives.
- Entrepreneurial Spirit: Selfstarter with the ability to thrive in a fastpaced startup environment.
Remote Work :
No
Employment Type
Full Time
Key Skills
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