Business development is often considered to be a part of the greater sales team, however it serves a different and much wider function than typical sales activity and responsibilities.Business development is a process that helps your company establish and maintain relationships with prospects, learn about your customer’s personas, increase brand awareness, and seek new opportunities to promote growth.In contrast, sales teams focus on selling your products or services to customers and work to convert leads into customers. Business development work is an adjunct and precursor to sales that simplifies the work of a salesperson or sales manager.
As mentioned, business development sits somewhere in between marketing and sales, to make both more effective. When considering renewable energy and most contemporary technology businesses, particularly those operating in the foreground of the public and political gaze, it becomes particularly important in order to explain and differentiate your brand and its product and service offerings – which are often not readily understood – from those of competing companies.