Business Development Secrets - 3 Business Development Strategies

[@ulisesacosta1819]

Three Key Takeaways: 1) No matter what the strategy, the focus is to create opportunities for growth for both companies involved; 2) Product Business Development is focused on creating a better product (essentially: how can we make what we both have better?), Distribution Business Development is focused on getting your product or service in the hands of more customers, faster (essentially: how can we get this out to as many people in the most efficient manner?), Channel Distribution is focused on partnering with someone who already has an established audience and can recommend your product or service (essentially: who can we work with to help promote our company?); 3) Each strategy requires lots of effort on both sides to make sure one side isn't putting up more than what they're getting from the partnership

[@patrickdang]

Ready to start and accelerate your sales career? Join the Ultimate Online Sales Masterclass Sales Legacy OR Watch our Free 1-Hour Training: www.saleslegacy.com/

[@charliemilsap1517]

Patrick, you're a born teacher and your offerings are great! I feel very fortunate to have discovered you! Please keep up the great work!!!!

[@patrickdang]

Hey Charlie, I really appreciate the kind words here. I’ll keep the videos coming!!

[@NikhilSandella]

Really informative. Love the way he explains everything with such ease. Subscribed!

[@김현근-p8m]

Hello. My name is Hyun Keun kim who is a korean and who asked you before. your explanation is much better than other korean people's explanation. I really thank you for making good information for free! Thanks to you, I can learn something that I am eager to learn and study English as well!

[@christianjames12]

I am new to Business Development and genuinely appreciate the thoroughness of your videos. Keep making great content!

[@nandkumarbendre6594]

one of the best knowledge sir

[@christiansuniula7000]

Love your stuff Patrick

[@samarunkalyanasundaram4046]

Much Informative and precise. Thanks!

[@trustcephas4286]

This is super educative ❤

[@ariyonnemarshall429]

Your videos are the best!!! Thank you!

[@guersonchicas]

Thanks for the content 👏🏻👏🏻👏🏻

[@patrickdang]

No problem!

[@localbooking6350]

Patrick your videos are THE BEST!! thank you !!..

[@zackbrown7516]

It would be great to have a video that breaks down commissions structures on different types of deals. (SaaS, Software, Consultant Services, etc) and the difference in commissions for inside sales vs outside sales.

[@Petori_Hustler]

I agree

[@sharifbahar9693]

Amazing presentation. thanks for sharing.

[@patrickdang]

Glad you enjoyed it

[@pakomoshaga8278]

Your content is absolutely brilliant!!

[@silparayala8112]

Thank for the video helped me a lot I am showing gratitude towards you

[@patrickdang]

Appreciate that!

[@kinthushathanabalasingam2535]

found this very helpful, thank you for the short but informative video!

[@patrickdang]

glad you enjoyed it :)

[@VT_TECHY]

These are amazing strategies. Thank you Patrick talk more on product BD

[@patrickdang]

Thanks Victor!

[@aboood9244]

Thanks a lot

[@NhungNguyen-ol9bq]

love it, thanks Patrick

[@kikky1230]

Thank you 🎉

[@dhanushkagunawardhana4186]

Teach in a very clear, well understood way. Thank you sir for educating us 😊

[@SuccessMindset2180]

1.Strategic Growth and Optimization: confidence, perform, capacity, desire, personalized, diversify, predict, cost, engagement, finance 2. Product business development is essential for increasing quality and profit from products 3. Product development strategy can solve technical problems 4. Distribution business development is a marketing strategy 5. Partnership marketing can be very beneficial 6. Channel distribution can be nice B2B marketing strategy 7. Partnerships are great for monetizing a customer base

[@LJPAZEEZ]

Thank you

[@SoupyManJoe]

Really good content

[@yusufwildphoto]

Great work

[@silparayala8112]

great feeling proud

[@EiconsBakery]

Great Video!

[@thaypiseth0078]

HI Patrick, Could you please explain in more detail the difference between the distribution biz dev strategy vs the channel distribution strategy? As far as I understood, in distribution strategy service provider is a platform that takes a commission for using its platform as a marketplace (e.g. Spotify, amazon, etc), while in channel distribution strategy a service provider is a marketing agency or an official distributor of a producer that also takes a commission selling owners products. So, what are the big difference? Is it that the second type of strategy is the more personalized solution and more applicable in B2B sales, but the first one is more about B2C? Thanks you.

[@slimshade1993]

Awesome , love from INDIA ❤️

[@voltairepabustan]

Thank you for sharing!

[@felicallander4584]

Thanks Patrick! I'd like to see a specific video on how a Software Development Company can get clients on the US, now that we can't fly there.

[@patrickdang]

Thanks for the suggestion, I'll see what I can do.

[@glowupsejakdini]

Thankyouu☺️☺️

[@mariaisabelmontoyagonzalez9633]

I loved this video, it was exactly what I was looking for

[@patrickdang]

great to hear

[@dineshraut4948]

Wow man .. you explained it very nicely.. you are great coach

[@SomiFitBossNG]

Just found your channel. Amazing content. Subbed immediately

[@kammiemonea937]

what camera do you use? great content!

[@TheBangLish]

I think you should shout out the people who are always the first ones to comment on your video,as a thank you to them for supporting you

[@patrickdang]

That's a good idea!

[@MonicaDelaCruz-rm5ul]

Hi Patrick, I’d like to please have a free advance in depth training on business development. I’m in the Insurance business.

[@Melgusta]

Going into Business Development and WOWW thank you so much for this video! Broke all strategies down perfectly!!!

[@rahimhafiz514]

Channel distribution 🌟

[@geezytheexplorer1390]

Super informative! This video gives a lot of value 👌🏾 New subscriber over here ✊🏾

[@TomPuijpe]

9:10 channel distribution.

[@dhrittishah1586]

Is channel distribution the same as affiliate marketing?

[@Baksa81]

Hi there! I didn't really get the difference between 2. and 3. Both variants have other companies sell your product, right?

[@parkheesinghal580]

hey Patrick...love your content, can I be a part of the free sales sessions you are doing??

[@Chunkey90]

Thank you Patrick for the valuable information! But i want to make it clear so could you please tell me, What are the main differences between business development distribution and channel distribution? Because i can see them so much similar.

[@patrickdang]

Sure, when I'm referring to Distribution Business Development, I'm speaking more on putting your product on large platforms with scale (Netflix, Spotify, Apple, etc.) When I'm referring to Channel Distribution, I'm referring to individual contractors who sell your products and services for you. The difference is a company can have hundreds or thousands of channels partners running their own businesses. Whereas in Distribution, you might have 10 total potential partners in the market.

[@davidchen376]

Thanks for asking this. Had the same thoughts.

[@DanaraProDubai]

Thank you for this video! Very interesting content and I’ve learned new things from you. 👍🏻

[@trinhhaiyan7026]

what are the differences between Distribution BD and chanel distribution? In the example about netflix, maybe Netflix is a chanel distribution in case of Dave. Please explain more about the 2nd and the 3rd strategy. Tks.

[@hannah-mn6fj]

Patrick I send a lot of introductory emails and I like to follow up with a phonecall but I struggle with creating a script. Can you do a video on this?

[@tompuijpeNL]

9:12 channel business development.

[@kejinggu9401]

Thanks for shooting the nice video. A couple of questions: what is the difference between distribution and channel BD? From marketing point of view, distribution and channel are all talking about the place in 4P theory how to reach the customer. And what are the difference between these and the agent? Are these BD developing agent/distributor?

[@kejinggu9401]

Saw that one of the question has been answered below. Please kindly share your comments on the other question.

[@Matthew8473]

This is the epitome of excellence. I read a book with similar content, and it was the epitome of excellence. "The Hidden Empire: Inside the Private Worlds of Elite CEOs" by Adam Skylight

[@cvhawkeye6255]

If you have an idea, how would you come about developing an app especially if you/your company does not have the development expertise to move the project forward. Further most of these bigger companies have IP or commercially sensitive interfaces, eg your Lyrics company attached to Spotify. How would you come about to find a developer knowledgeable in Spotify's code to interface with yours. I guess you would need your own development team and would with Spotify's developers under an NDA within your deal, correct?

[@김현근-p8m]

My dream is to work for electric appliances companies or semiconductor companies as a B2B sales man or business developement My questions. 1. Are there a lot of business developement jobs in electric appliances companies or semiconductor companies and do they recruit many business developement jobs? 2. Do even small or midsized firm recruit a lot of business developement jobs? The reason I ask you is I'm thinking to work for small or midsized electric appliances companies or semiconductor companies first because It is hard to enter large company right after graduating from university as you know. I will wait for your answer as you taught me!

[@queen125zr_queen4]

I'm doing business in amway at Singapore, very hard for me to find people. I'm selling nutrilite, makeup and house things. I already post in everywhere and done approach to my friends but nothings works. What should I do next 🤔? Give idea please 🙏

[@poojavaja4489]

Hi I am sales person in food ingredients sales,

[@amansoni2702]

You look totally different from the udemy course. Hard to recognize lol😃

[@patrickdang]

It’s the hair haha

[@faisalsaiyad7561]

@@patrickdang its like a scoop of ice cream on your head lol

[@longawelt9639]

Dear Patrick, could you please explain in more detail the difference between the distribution biz dev strategy vs the channel distribution strategy? As far as I understood, in distribution strategy service provider is a platform that takes a commission for using its platform as a marketplace (e.g.spotify, amazon, etc), while in channel distribution strategy a service provider is a consulting agency or an official distributor of a producer that also takes a commission selling brand owners product. So, what is the big difference? Is it that the second type of strategy is the more personalized solution and more applicable in B2B sales, but the first one is more about B2C?

[@fredgreve]

I think win-win already means both sides……just saying. :)

[@comingforyou3104]

When private citizens aka consumers buy the 50$ a month or whatever plan as long as they play whatever music they want on whatever platform is not their problem . They are actually an influencer giving their money to be a middle man to play anyone else's product. So they aren't liable for anything. If anything they should be getting paid for promotion.

[@musabalsaidi5943]

Why are you speaking so fast :(

[@patrickdang]

You can slow it down on KZbin.

[@livjuicebar2555]

İ just want to simply say that: You speak so fast and if you consider about get another nation, you should go easy slow and more cleary. Thanks