Businesses looking to grow and adapt in a changing market might want the expertise and knowledge of a Business Development Analysis on their team. But finding the right one equipped with your company's required skills can be challenging. Upwork can help you browse, interview, and hire a Business Development Analyst for your next project.
What Is A Business Development Analyst?
A business development analyst will exhibit the research, financial, organizational, and writing skills necessary to evaluate your business concept and chart a course for success. An expert in business development offers practical business knowledge and an outsider’s perspective, enabling them to identify challenges and opportunities that can improve your business.
Cost Of Hiring A Business Development Analyst
Rates can vary due to many factors, including expertise and experience, location, and market conditions.
- An experienced business development analyst may command higher fees but also work faster, have more specialized areas of expertise, and deliver higher-quality work.
- A contractor who is still in the process of building a client base may price their business development analyst services more competitively.
Business Development Analyst Solutions for Businesses
Market Analysis and Expansion Strategies
Business Development Analysts can conduct in-depth market research to identify emerging trends, assess market needs, and pinpoint need opportunities. They can help businesses understand which markets to enter and suggest strategies for effective market expansion.
Strategic Partnerships and Alliances
Business Development Analysts can help identify and assess potential partners or alliances that can provide strategic advantages.
How do you hire a business development analyst?
You can source business development analyst talent on Upwork by following these three steps:
- Write a project description. You’ll want to determine your scope of work and the skills and requirements you are looking for in a business development analyst.
- Post it on Upwork. Once you’ve written a project description, post it to Upwork. Simply follow the prompts to help you input the information you collected to scope out your project.
- Shortlist and interview business development analysts. Once the proposals start coming in, create a shortlist of the professionals you want to interview.
Business Development Analyst FAQ
How do you write a business development analyst job post?
Your job post is your chance to describe your project scope, budget, and talent needs. Although you don’t need a full job description as you would when hiring an employee, aim to provide enough detail for a contractor to know if they’re the right fit for the project.
Job post title
Create a simple title that describes what you’re looking for. The idea is to target the keywords your ideal candidate will likely type into a job search bar to find your project. Here are some sample business development analyst job post titles:
- Business development analyst sought to help define our business objectives
- A business plan needs review by a seasoned business analyst
- Looking for an experienced business analyst to help me determine pricing and product mix
Project description
An effective business development analyst job post should include:
- Scope of work: From business plan writing to financial analysis, list all the deliverables you’ll need.
- Project length: Your job post should indicate whether this is a smaller or larger project.
- Background: If you prefer experience with certain industries, business sizes, or audience types, mention this here.
- Budget: Set a budget and note your preference for hourly rates vs. fixed-price contracts.
Business Development Analyst Responsibilities
Here are some examples of business development analyst job responsibilities:
- Review and edit my business plan to ensure it’s ready to be shared
- Develop our company’s product and pricing mix, so it’s right for our industry
- Make sure price points provide adequate profit margin for required growth
Business Development Analyst Requirements and Qualifications
Be sure to include any requirements and qualifications you’re looking for in a business development analyst. Here are some examples:
- An MBA from an accredited university required
- Track record of consulting with Fortune 500 companies
- Ability to review and refine business plans and marketing campaigns
Ready to see enhanced growth opportunities? Hire a Business Development Analyst on Upwork today!