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Business Development Manager

DRW is a diversified trading firm looking for a Business Development Manager to join Cumberland’s blockchain product development team, focused on driving revenue growth through new business opportunities.

Skills

  • Software sales expertise
  • Consultative sales approach
  • Technical acumen in blockchain
  • Excellent communication skills

Responsibilities

  • Identify and pursue new business opportunities through market research.
  • Generate leads through strategic prospecting.
  • Conduct product demonstrations.
  • Drive the sales cycle from lead qualification to closing.
  • Collect client insights for product alignment.
  • Collaborate with the management, marketing, and product teams.
  • Maintain records of customer interactions in Salesforce.

Benefits

  • Group medical, pharmacy, dental and vision insurance
  • 401k with discretionary employer match
  • Short and long-term disability insurance
  • Life and AD&D insurance
  • Health savings accounts
  • Flexible spending accounts
To read the complete job description, please click on the ‘Apply’ button
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CEO of DRW
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Donald R. Wilson, Jr.
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Average salary estimate

$200000 / YEARLY (est.)
min
max
$175000K
$225000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Business Development Manager, DRW

At DRW, a leading diversified trading firm, we are thrilled to announce an exciting opportunity for a Business Development Manager to join our innovative Cumberland blockchain product development team. In this remote role, you will be at the forefront of driving revenue growth by identifying and nurturing new business opportunities. We believe in the power of autonomy, and our unique approach allows you to leverage your expertise in blockchain and finance to build meaningful connections with potential clients. Your responsibilities will include market and client development, conducting product demonstrations, and managing the sales process from lead generation to contract execution. By collaborating with cross-functional teams, you’ll help align our strategies with client needs, ensuring that we stay ahead in a rapidly changing marketplace. We highly value communication and collaboration here at DRW, and we encourage our team members to bring their ideas to the table. You will also maintain CRM records in Salesforce, track performance metrics, and drive client engagement. If you have a proven track record in software sales, particularly in blockchain or financial services, and a knack for consultative selling, we’d love to hear from you! The position comes with a competitive salary range of $175,000 to $225,000, along with a full suite of benefits designed to support your well-being and career growth. Join us as we harness sophisticated technology and exceptional talent to navigate global markets!

Frequently Asked Questions (FAQs) for Business Development Manager Role at DRW
What are the key responsibilities of a Business Development Manager at DRW?

As a Business Development Manager at DRW, you'll be responsible for identifying new business opportunities and building strong client relationships. Your key tasks include market and client development, lead generation, product demonstrations, and driving the sales cycle from qualification to closing. You'll also collaborate with cross-functional teams to ensure our strategies align with market demands.

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What qualifications do I need to become a Business Development Manager at DRW?

To qualify for the Business Development Manager role at DRW, candidates should have proven expertise in software sales, particularly within blockchain or financial services. A consultative sales approach, technical acumen in blockchain technology, and excellent communication skills for engaging diverse audiences are essential to succeed in this position.

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How does DRW support the professional development of Business Development Managers?

DRW values continuous growth and development. As a Business Development Manager, you will have access to a comprehensive suite of employee benefits, including training programs and opportunities to collaborate with industry experts. Our culture encourages innovation, allowing you to grow both personally and professionally while making an impact in the fast-paced world of blockchain.

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What is the salary range for the Business Development Manager position at DRW?

The annual base salary range for the Business Development Manager position at DRW is between $175,000 and $225,000, depending on experience and qualifications. Additionally, this role is eligible for an annual discretionary bonus, ensuring that your contributions to our success are recognized and rewarded.

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What performance metrics are important for a Business Development Manager at DRW?

Key performance indicators for a Business Development Manager at DRW include lead and account generation, revenue growth, and strong client engagement rates. Success in this role is also measured by market expansion and the satisfaction levels of clients you engage with.

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Common Interview Questions for Business Development Manager
Can you describe your experience with blockchain and how it relates to your role as a Business Development Manager?

In answering this question, focus on specific projects or roles where you utilized your blockchain knowledge. Discuss how you've successfully built client relationships around blockchain solutions and how that technical understanding has aided in closing deals.

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What strategies do you use to identify and pursue new business opportunities?

Share a structured approach you follow, which might include market research, networking, and industry events. Emphasize your ability to adapt to changes in the market and how you utilize data to inform your strategies.

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How do you handle objections during the sales process?

Provide examples of past experiences where you've encountered objections and successfully turned them into positives. Highlight your consultative approach and how empathy plays a role in addressing concerns.

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What role does customer feedback play in your sales strategy?

Discuss the importance of client insights in shaping your selling approach. Illustrate how you've used feedback to enhance product development or modify your sales pitch to better align with market needs.

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Describe a time when you exceeded your sales targets. What strategies helped you achieve that?

Use this opportunity to share a specific example with measurable outcomes. Discuss the innovative strategies you implemented and the collaborative efforts made with teams to achieve sales goals.

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How do you prioritize leads when managing multiple prospects?

Explain your method for evaluating leads based on factors like potential revenue, engagement levels, and strategic fit. Touch on how you utilize CRM tools to keep track of progress with each prospect.

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How do you ensure effective communication with technical and executive audiences?

Emphasize your ability to tailor your messaging based on your audience's needs. Show how you actively listen to understand their perspectives and adjust your communication style accordingly to engage effectively.

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What tools and technologies do you commonly use to manage your sales pipeline?

Talk about your experience using CRM software, such as Salesforce, and how it's essential for tracking leads, managing customer interactions, and reporting on your progress.

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Can you describe a successful collaboration with a product team?

Share an experience where you worked closely with the product team to align on customer needs. Discuss how your sales insights contributed to product improvements and customer satisfaction.

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What is your approach to handling competitive offers from other companies?

Discuss your understanding of the competitive landscape and how you differentiate your offerings. Emphasize the importance of building strong relationships and positioning unique value propositions to win over clients.

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We are a team of innovative and ambitious individuals who use the power of free markets to solve challenging problems, capture opportunities, ​​​​​​​and pursue positive change.

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FUNDING
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
SALARY RANGE
$175,000/yr - $225,000/yr
EMPLOYMENT TYPE
Full-time, remote
DATE POSTED
January 1, 2025

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