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Business Development Representative

CompStak envisions a commercial real estate industry in which accurate and transparent data leads to better, faster deals for everyone. We gather critical information that is hard to access, then make it instantly and seamlessly available to our platform members.


Location: Manhattan, New York

Hybrid: Three days in the office, subject to change


As a Business Development Representative (BDR) for CompStak’s Exchange platform, you will collaborate with the Head of Business Development to execute a go-to-market strategy that fuels CompStak’s growth within the commercial real estate (CRE) community. Your primary responsibility will be to prospect and recruit new members to the Exchange platform, targeting professionals in CRE brokerage and valuation.


This role focuses on expanding our user base by generating and qualifying leads, engaging with potential members, and ensuring a smooth onboarding process. As a BDR, you will serve as the first point of contact for prospective members, introducing them to the value of CompStak’s data exchange model—where users trade data for access to our robust commercial property insights. While no direct sales are involved, this is a business development role that will leverage your skills in relationship building, account management, organization, and communication. Your work ethic and drive will be key to successfully growing our platform and enhancing member engagement.


Responsibilities
  • Research and identify commercial real estate firms and professionals to expand the membership of CompStak’s Exchange platform.
  • Prospect and recruit new users to CompStak’s Exchange platform through outbound strategies.
  • Execute comprehensive outbound outreach efforts, including email cadences, daily calls, and personalized outreach to generate qualified leads.
  • Innovate and implement new strategies for attracting and onboarding Exchange platform users.
  • Collaborate with CompStak’s marketing team to convert inbound leads into new members and provide feedback to optimize lead generation efforts.
  • Take initiative in supporting the marketing team to maximize conversions from their campaigns, driving member acquisition.
  • Consistently meet and exceed monthly performance goals, focusing on data growth through outbound emails, calls, and scheduling recruitment meetings.


Skills & Experience
  • You have 0-2 years experience in sale, business development, or brokerage related roles business development related activities.
  • You are not afraid of hearing “no”. 
  • Excellent communication skills, both written and verbal, with the ability to build rapport and engage effectively with senior-level professionals in CRE.
  • Data-driven mindset, with the ability to analyze prospect data and develop strategic outreach based on customer profiles.
  • Highly organized, able to manage multiple outreach efforts and lead conversion activities simultaneously, ensuring a structured approach to lead management.
  • Experience with CRM systems (e.g., Salesforce, Salesloft) to track outreach and follow-up processes efficiently.
  • Collaborative mindset, capable of working closely with marketing and sales teams to optimize lead conversion and drive platform growth.
  • Results-oriented, with a track record of meeting or exceeding performance goals in a business development or similar role.
  • As a BDR, you will develop broad knowledge of Commercial Real Estate and the inner-workings of a technology and data company that will allow for movement across the organization.


Compensation & Benefits
  • The base pay ranges provided below are for NYC Metro-based hires only and will be commensurate with candidate experience. Pay ranges for candidates in other locations other than the NYC Metro area may differ based on the cost of labor in that location. 
  • Pay range: $55,000 - $58,000. This role is eligible for commission.
  • In addition to competitive salaries, CompStak provides employees with an outstanding benefits package.


$55,000 - $58,000 a year
This role is eligible for commission.

Voted BuiltIn NYC and Crain's Best Places to Work, we pride ourselves on an environment that is fun, collaborative, and rewards hard work. We look forward to the value that future employees will add to our amazing teams!


About CompStak


Launched in 2012, we’ve built a network of over 30,000 brokers, appraisers and research professionals across the country, using a unique crowdsourced model.  Our clients enjoy the foremost lease and sale transaction data combined with a robust analytics platform. CompStak’s unique data and intuitive platform is used by the world’s largest real estate investors, lenders, brokers and appraisers to compare properties, underwrite investments and loans, close deals and track market trends.

 

CompStak has over 100 team members in the US and overseas; and we continue to grow.  We’re backed by top VCs and industry players like Morgan Stanley, Canaan Partners, IA Capital, Transamerica, Moody’s, RealPage, 500 Startups, and Daily Mail Group, and have raised over $75m to date. Our HQ is in New York City, we have regional offices in Atlanta, Chicago and Los Angeles, and we have an international office in Belgrade, Serbia.


We pride ourselves on an environment that is fun, collaborative, and rewards hard work. We look forward to the value that future employees will add to our amazing teams!


CompStak is an equal opportunity employer that celebrates employees and applicants of all identities, backgrounds, abilities, and perspectives. We foster a welcoming work environment that supports diversity and inclusion, and we reject discrimination or harassment of any individual. If you are a person with a disability and require assistance with any part of the application process, please let us know. All employment decisions are made on the basis of qualifications, merit, and business need.

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CEO of CompStak
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Michael Mandel
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Average salary estimate

$56500 / YEARLY (est.)
min
max
$55000K
$58000K

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 Representative, CompStak

At CompStak, located in the vibrant heart of Manhattan, New York, we are on a mission to revolutionize the commercial real estate industry. As a Business Development Representative (BDR), you will play a vital role in this mission by joining our Exchange platform team. Collaborating closely with the Head of Business Development, your primary focus will be on driving membership growth for our platform, which connects professionals in the commercial real estate brokerage and valuation sectors. This role is all about relationship building - you'll be identifying potential members and engaging with them to showcase the incredible value that CompStak provides. You will be the first point of contact for these professionals, guiding them through the onboarding process and facilitating their engagement with our robust data exchange model. Your outgoing nature and stellar communication skills will be crucial as you execute innovative outreach strategies, from personalized emails to calls, aimed at generating qualified leads. At CompStak, we value a data-driven mindset and expect you to leverage analytical insights to tailor your outreach efforts. This is an exciting time to join our dynamic company, where you will not only meet and exceed performance goals but also learn extensively about the commercial real estate landscape and technology-driven business development. If you have 0-2 years of experience in sales or business development and are ready to dive into a collaborative and fun work environment, we want to hear from you. You'll be joining a team that truly celebrates hard work, diversity, and inclusion while enjoying a competitive salary and fantastic benefits.

Frequently Asked Questions (FAQs) for Business Development Representative Role at CompStak
What does it take to be a successful Business Development Representative at CompStak?

To excel as a Business Development Representative at CompStak, candidates should possess strong communication and relationship-building skills. Understanding the commercial real estate industry and having a data-driven approach to outreach can significantly enhance your effectiveness in generating leads and nurturing potential partnerships.

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What responsibilities come with the Business Development Representative position at CompStak?

As a Business Development Representative at CompStak, you'll undertake a variety of responsibilities, including researching and identifying new members for our Exchange platform. You'll also execute outbound strategies, communicate CompStak’s value proposition effectively, and assist with onboarding, all while focusing on meeting performance goals.

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What kind of work environment can I expect as a Business Development Representative at CompStak?

CompStak fosters a fun, collaborative, and inclusive environment. As a Business Development Representative, you'll find a team that values hard work and innovation, encouraging you to bring fresh ideas to the table and contributing to your professional growth within the commercial real estate industry.

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Are there opportunities for advancement as a Business Development Representative at CompStak?

Absolutely! As a Business Development Representative at CompStak, you'll not only gain valuable experience in commercial real estate but also have the opportunity to learn and grow within the company. Your understanding of our data-driven platform can lead to further career advancements in business development or other areas.

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What skills are essential for the Business Development Representative role at CompStak?

Key skills for the Business Development Representative position at CompStak include exceptional communication abilities, a data-driven mindset, organization, and a willingness to embrace challenges. Candidates should be able to analyze prospect data and implement targeted outreach strategies.

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What is the compensation package like for a Business Development Representative at CompStak?

CompStak offers a competitive salary range of $55,000 to $58,000 for the Business Development Representative role, along with commission opportunities. Additionally, our benefits package includes a variety of perks that support employee well-being and professional development.

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What experience is required for the Business Development Representative position at CompStak?

CompStak seeks candidates with 0-2 years of experience in sales, business development, or related roles. A passion for the commercial real estate industry and the ability to handle rejection positively are also important traits for this position.

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Common Interview Questions for Business Development Representative
How do you approach lead generation as a Business Development Representative?

When approaching lead generation, focus on researching target markets and understanding potential clients' needs. Use outreach strategies such as personalized emails and calls to initiate contact, ensuring to highlight how CompStak’s offerings can address these needs effectively.

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Can you describe a time when you overcame a challenge in a sales role?

In response to this question, provide a specific example detailing the challenge you faced, the actions you took to overcome it, and the positive outcome. This shows your problem-solving abilities and resilience, which are valuable traits for a Business Development Representative.

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What methods do you use to track your outreach and follow-up efforts?

I believe in utilizing CRM tools like Salesforce or Salesloft to manage outreach effectively. Keeping detailed notes on interactions and setting reminders for follow-ups is crucial to ensuring no lead goes unattended and helps maintain organized communication.

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How do you stay motivated when facing rejection in sales?

Staying motivated in the face of rejection involves viewing each 'no' as an opportunity to learn rather than a setback. I focus on maintaining a positive attitude, using rejection as feedback to refine my approach and strategies continuously.

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What do you know about CompStak and its data exchange model?

CompStak is an innovative platform facilitating data exchange within commercial real estate by allowing users to trade critical information for access to robust property insights. Research its services and understand how this model benefits both clients and the industry overall.

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Describe how you would handle a difficult conversation with a potential lead.

Handling difficult conversations requires active listening and empathy. I would engage with the lead to understand their concerns fully, provide transparent information, and seek to find a resolution that aligns their needs with CompStak’s offerings.

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Why do you want to work as a Business Development Representative at CompStak?

I am drawn to the Business Development Representative position at CompStak because of its commitment to transparency in data and its innovative approach to the commercial real estate industry. I admire the collaborative culture and see great potential for professional growth in this role.

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How do you prioritize your leads and outreach efforts?

Prioritizing leads involves assessing their engagement level, potential value, and fit with CompStak’s offerings. I align my outreach based on these factors, placing more emphasis on leads showing readiness to engage with our services.

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In your opinion, what is the most important skill for a Business Development Representative?

The most important skill for a Business Development Representative is excellent communication, both verbal and written. Engaging effectively with potential clients and conveying value clearly is crucial for building rapport and trust in any sales-oriented role.

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How would you collaborate with the marketing team to convert leads?

Collaboration with the marketing team is vital for converting leads. I would provide feedback on the quality of leads generated from campaigns and work with them to tailor messaging based on insights gathered during outreach, ensuring a unified approach to lead conversion.

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CompStak creates transparency in commercial real estate by gathering information that his hard to find, difficult to compile or otherwise unavailable. The company's data is used by institutional owners to compare properties, hedge funds to make in...

6 jobs
MATCH
VIEW MATCH
BENEFITS & PERKS
Dental Insurance
Disability Insurance
Flexible Spending Account (FSA)
Health Savings Account (HSA)
Vision Insurance
Family Medical Leave
Paid Holidays
FUNDING
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
EMPLOYMENT TYPE
Full-time, hybrid
DATE POSTED
November 24, 2024

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