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EI
Extol Inc
Consumer Products Market Guru Business Development
Career Insights for Business Development Manager (General)
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Scorecard
Based on Michigan data
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What they do
A Business Development Manager identifies new business opportunities and clients for a company, and develops marketing and sales strategies to help grow a company's business. Builds customer relationships and partnerships and negotiates business deals. Works with senior marketing and sales staff to increase sales opportunities.
$135,134 / year median in Michigan
+1% projected growth
Job Description
We need your help! Use your extraordinary "take my money" sales skills to become recognized as a world-renowned plastic-welding expert. This role is perfect for you if you are a tenacious, hungry problem solver who is constantly hunting for more with customers who are bringing unique and exciting products to market. Help Extol, the best-kept secret in plastic manufacturing, shine globally by opening those tough-to-crack doors. Position yourself as the leading plastic welding provider for consumer and industrial products companies and as North America's most trusted advisor. Why this role is a career move Embrace the challenge and impact of being the sole owner of an entire market sector. You'll be responsible for building a $6 million book of business in the consumer and industrial markets. You'll report directly to our Director of Sales, enabling you to be agile and remove bureaucracy to do what's best for your customers. What success looks like in the first year Within the first 12 months, the person in this role must... Take over existing accounts. Close existing business opportunities. Develop a growth strategy. Identify accounts with opportunity for expansion, new accounts to target, and a strategy for penetration. Identify key decision-makers at key existing and target accounts. Demonstrate exemplary discovery skills and documentation to enable tailored solution development. Exemplary discovery includes a clear understanding of the customer's problem, its impact, and possible solutions. Develop a healthy pipeline. Understand Extol's technologies and be able to explain how they work, their benefits, and their value to customers. Demonstrate Extol's core values and establish positive working relationships with the Extol team and manufacturers' reps.
Practice CRM hygiene:
keep information accurate, up to date, and comply with forecasting requirements. The ideal candidate You must have experience calling on the corporate marketplace, talking to management-level stakeholders. You must have experience facing competition. You must hunt for new business to effectively close deals with an average size of $200,000- $2,000,000.
Extol:
You'll apply innovative thinking to creatively address complex customer problems and needs. This role demands more than just strong sales skills; it involves taking complete responsibility for your market sector. Compensation and benefits We are looking for individuals who are already earning at least $100,000 in a variable compensation plan.Base Salary:
$120,000- $140,000 (depending on experience)
Commission:
$40,000Profit Sharing Potential:
$5,000 Profit Sharing- a portion of the company profits is distributed to employees each quarter the target profit level is reached. Paid Community Impact
- Employer-paid time off to volunteer and positively impact the community. Employee Stock Ownership Plan (ESOP)
- employees gain ownership interest in the company. Medical Insurance
- Top-of-the-line Medical Insurance Plan Options (one of which is 100% employer-paid!). Employer-Paid Insurances
- Dental, Vision, Life, Disability, and Employee Assistance Program. Annual Employer H.S.A. Contributions Generous Paid Time Off
- Vacation, sick time off, and nine paid holidays. In Addition
- Voluntary Life Insurance Options, Pet Discount Program, Accident & Critical Illness plans, 401k, and Educational Reimbursement Program.
Steps of our interview process:
Submit an application Phone screen Complete a sales questionnaire Participate in an in-person or remote round 1 interview Attend a round 2 interview at Extol and tour the company Receive a job offerPay:
$120,000.00- $140,000.