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Business Development Specialist

Who We Are: 

Figure8 is an experience first company. We create experiums. Places outside of distraction, away from expectation, and beyond inhibition. Spaces to get lost and found. We invite guests to take a moment. To recognize, realize, and reignite relationships with the people and places around them.

ROLE:

Identify new revenue streams and develop sales strategies. Conduct comprehensive market research and audience analysis to inform strategic planning and promotional activities. Design and execute research projects using advanced analytics tools to gather data on visitor demographics and behaviors, identify audience segments, and create targeted marketing campaigns, and use digital marketing tools and social media platforms to attract diverse audience groups. Prepare detailed analytical reports on market research findings, campaign performance, and audience insights, and present these to senior management. Conduct SWOT analysis, establish performance metrics, and implement A/B testing to optimize marketing campaigns, as well as collaborate with content creators to leverage CRM systems for research. Conduct competitive benchmarking and develop strategies to enhance the museum's unique value proposition in order to maintain a competitive edge across the market.

  • Education required - Bachelor's degree in Business, Marketing or closely related field.
  • Work experience in a business development and strategic partnership role at an immersive experience company is a plus.

Average salary estimate

$70000 / YEARLY (est.)
min
max
$60000K
$80000K

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 Specialist, Figure8

Are you ready to jump into an exciting role as a Business Development Specialist at Figure8? As an experience-first company, Figure8 is dedicated to creating unique 'experiums' that help guests connect in meaningful ways. In this vibrant position, you'll have the opportunity to identify new revenue streams and craft innovative sales strategies that resonate with our diverse audience. Your work will involve conducting in-depth market research and audience analysis, providing vital insights that inform our promotional activities. You'll get hands-on experience designing and executing research projects, utilizing advanced analytics tools to gather and interpret demographic data. Imagine creating targeted marketing campaigns that truly speak to people! Plus, you'll play a crucial role in preparing detailed reports on campaign performance and audience insights, presenting your findings to senior management. If you have a passion for leveraging digital marketing tools and social media to attract visitors, along with a knack for competitive analysis, this is the role for you. A Bachelor's degree in Business or Marketing is required, and if you’ve got prior experience in a similar role, that’s definitely a plus. Join us at Figure8 and help us redefine the way people experience connection!

Frequently Asked Questions (FAQs) for Business Development Specialist Role at Figure8
What skills are essential for a Business Development Specialist at Figure8?

A successful Business Development Specialist at Figure8 should possess strong analytical skills for market research, have experience with digital marketing tools, and be adept at audience analysis. Additionally, strategic thinking and excellent communication skills are crucial for presenting reports to senior management and collaborating with team members.

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What are the main responsibilities of a Business Development Specialist at Figure8?

In this role, a Business Development Specialist at Figure8 is responsible for identifying new revenue streams, conducting market research, designing marketing campaigns, and preparing analytical reports. This includes using advanced analytics tools and digital marketing strategies to attract diverse audience groups.

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How can I prepare for an interview as a Business Development Specialist at Figure8?

To prepare for your interview, familiarize yourself with Figure8's mission and values, as well as their unique offerings. Be ready to discuss your experience in market research, sales strategies, and how you've previously used data to drive successful campaigns.

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Does Figure8 require experience in the immersive experience industry for the Business Development Specialist role?

While experience in the immersive experience industry is a plus, it is not strictly necessary. Figure8 values diverse backgrounds but favors candidates who possess a strong understanding of business development and marketing strategies.

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What educational background is preferred for the Business Development Specialist position at Figure8?

Figure8 prefers candidates with a bachelor's degree in Business, Marketing, or a closely related field. This educational background provides the foundational knowledge needed to excel in the role.

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What tools will I work with as a Business Development Specialist at Figure8?

As a Business Development Specialist, you’ll leverage advanced analytics tools, digital marketing platforms, and CRM systems for research projects. Familiarity with A/B testing and performance metrics is also beneficial for optimizing campaigns.

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Is collaboration important in the Business Development Specialist role at Figure8?

Absolutely! Collaboration is key for a Business Development Specialist at Figure8. You will work closely with content creators, marketing teams, and senior management to ensure cohesive and impactful strategies.

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Common Interview Questions for Business Development Specialist
Can you explain your experience with market research?

When discussing your experience with market research, be specific about the methods you've used, any significant projects you've worked on, and how your findings influenced business decisions or marketing strategies.

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What strategies would you use to identify new revenue streams?

Discuss your approach to brainstorming and validating ideas, market trends you would analyze, and how you would align potential streams with Figure8’s brand vision and audience needs.

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How do you prioritize tasks when working on multiple marketing campaigns?

Explain your time management strategies, such as using project management tools or setting clear objectives. Provide examples of how you juggle tasks effectively without compromising quality.

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Describe a successful marketing campaign you've managed and what made it successful.

Share a detailed example of a campaign, focusing on your role, the strategies used, metrics for success, and what you learned that you would apply to future campaigns.

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How do you leverage analytics in your marketing strategies?

Explain how you use analytics tools to gather data, assess campaign performance, and adjust strategies. Emphasize your analytical mindset and how it translates into actionable insights.

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What role does social media play in your marketing plans?

Discuss how you've historically employed social media in campaigns—what platforms you prefer, types of content that perform well, and how you measure engagement and success.

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How would you assess the competition for Figure8?

Talk about conducting competitive benchmarks, identifying differentiators, and analyzing competitors’ strengths and weaknesses. Highlight how this knowledge aids in positioning Figure8 strategically.

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What metrics do you consider when analyzing marketing performance?

Outline key performance indicators (KPIs) you focus on, such as conversion rates, visitor engagement, and return on investment, and how you use these metrics to report results and improve strategies.

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How would you conduct a SWOT analysis for a marketing campaign?

Discuss the process of identifying strengths, weaknesses, opportunities, and threats, and how you would analyze internal and external factors impacting the campaign’s success.

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Why do you want to work at Figure8 as a Business Development Specialist?

Your answer should reflect your alignment with Figure8’s mission of creating meaningful experiences and how you're excited to contribute to a team dedicated to innovation and connection. Personal anecdotes can enhance your response.

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Full-time, remote
DATE POSTED
November 24, 2024

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