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Business development process, aimed at developing new customers, end usages, and/or new markets is critical for any company. The process of business development also tends to be highly unstructured and often inefficient. High human resource cost, communications, travel add to the overall cost of sales and bottom lines. YarnsandFibers, a global public trading exchange, is focused to the process of business development�making us specialists in the field. (Learn more) What is the Business Development Outsourcing Service? Business Development Outsourcing Services (pronounced B-Dos) is a powerful way to maximize the potential and results of your business. However, it necessitates a systematic approach of capturing information on Customers needs in target market, product promotion, discovering business leads and successful negotiation to convert it into a Deal followed by after sales support. In house Business Development activities in most of the companies needs large amount of resources for effective performance. This operation of your organization could be outsourced at a lower cost to a partner like YarnsandFibers with extensive domain expertise. What can it bring to you? Diverse Customers based on size, regions and end usage Efficient Route to Market - backed by knowledge, reach, and technology of YnFx Increased Transactions using YnFx contacts from across 130 countries Larger demand chain for your product, cost effective prices and healthy margins Improve or re-position your existing products or new launches Reduced cost of sales and more efficient supply chain Motivation to concentrate on other critical areas of business Increased value of business All this - For a fraction of the cost of doing it yourself Why use outsourcing?   Some examples Business Development is overloaded with day to day activities Key skills like information capture, business and product planning, project management, etc are difficult to obtain. Parts of the organization, such as sales, marketing, technical, etc are overloaded A fresh approach needs to be tried for: A new market, A new application, A new route to market Current methods of Marketing need to be upgraded and tested Note: Business Development Outsourcing Services would include: Business Development Action Plan; Customized planning method and management toolkit