How To Transition To A Job in Web3: BD Edition

Until recently, Web3 was reserved for developers. But with the current influx of funding into the space, companies are growing and expanding their teams. Many individuals looking to enter Web3 from a non-technical background may feel afraid to make the jump.

One of the great things about this industry is that there are multiple points of entry. Someone could be interested in defi, while someone else could be interested in blockchain gaming, while another person could be interested in NFTs. The options are endless and it’s important to explore what you’re passionate about.

Web3 is being defined daily, and the capabilities of the technology are driving the direction of the industry. Since most candidates have no prior experience in Web3, companies will look to your previous experience. They’ll ask about what you’ve learned about Web3 technology and how you would take your previous knowledge and apply it to this industry.

It’s important to remember that at the end of the day, the core fundamentals of business development are still the same. Let’s take a look at some key factors to remember when transitioning into a BD role in this emerging industry.

1. Developing relationships is still equally if not more important.
2. You must understand the challenges and needs of your client.
3. It is still about the product. The difference is that a product in Web3 requires constant learning as it is constantly evolving.
4. Then, being able to transfer that knowledge to potential customers and partners so you can guide them into the new opportunities of Web3 technology.

The ability to learn quickly and be proactive will take you far in this industry but it also feels salient to acknowledge that the feeling of imposter syndrome does exist. Web3 requires humility to be able to learn from others who have been in the space longer than you. You are not expected to know everything and that’s okay.

This space is incredibly inclusive and those with vast knowledge are willing and eager to help educate those who want to learn, and you will have to continue to learn as the technology advances. While this can feel daunting, it also provides endless opportunities for growth in the Web3 space.