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Market Analysis
The business you are proposing to open fits into an industry category.
For example, a car wash fits into:
7542 Car washes: "Establishments primarily
engaged in washing, waxing, and polishing motor vehicles, or in
furnishing facilities for the self-service washing of motor vehicles."
The number 7542 is what the government uses to
identify all the firms that provide car washes (known as the SIC Code).
That way they can be compared and contrasted as a group. This
number is useful for researching information about your industry in
databases and books. NAICS has replaced the SIC System and was
implemented with the 2002 Economic Census. The NAICS Code for the
car wash industry is 811192.
Begin by
locating the SIC Code or NAICS number that identifies your industry:
Standard Industrial Classification System Search (OSHA)
North American Industry Classification System (U.S. Census Bureau)
Once you find out what
industry you are in, use article databases to find out more about the
market size, forecasts, price trends, customers, etc.:
Business Source Premier
Off-campus, sign in using your Gull Card barcode and last name.
Choose Salisbury University as the campus and then click the log in
button.
For
industry articles:
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Click on the 'Advanced Search' tab at the top
of the search page.
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Use the pull-down menu and select
NAICS/Industry Code. Enter the NAICS Code for your industry.
*Also, try to enter the industry as a 'Subject Team', ex. car wash
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Enter additional search terms as needed
(demographics, trends, forecast, etc.)
For
industry reports/overviews (not all industries will have these
available):
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Click on the 'Advanced Search' tab at the top
of the search page.
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Scroll down and find the dialogue box for
NAICS/Industry Code. Enter the NAICS Code for your company.
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Look at the ways to limit searches at the
bottom of the search page and find 'document type'. Choose
'industry overview'.
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Click the 'search' button at the top of the
screen.
Books in the
Reference Collection
Marketer's Guide to Media
Reference HF 5826.5 .M45
SRDS Newspaper Advertising Source
Reference HF 5905 .S73
SRDS Radio Advertising Source
Reference HF 5905 .S74
SRDS TV & Cable Source
Reference HF 5905 .S745
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