Who is the target customer for your
product/service? Be specific about location, age, income, gender,
ethnicity, level of education, and any other demographic factor you can.
You will not have succeeded in doing so unless it is also clear who is
not your customer.
Finding customers (a target market) who are interested in or need a
specific product or service:
Best
Customers: Demographics of Consumer Demand
Reference HC 79 .C6 R87 2005
This book will help determine a potential target market for a
particular product or service. Data for each
product/service includes: average spending, indexed
spending, and market share of spending by age, household income,
household type, race, region of residence, and educational
attainment. Each table is accompanied by text identifying
the best and biggest customers, analyzing spending patterns,
describing spending trends for the product/service over the past
few years and predicting future trends based on the nation's
changing demographics.
MarketResearch.com Academic
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.
Full-text market research reports and executive summaries.
Sources for reports include Kalorama Information, Packaged
Facts, and Specialists in Business Information (SBI). Covers the
following industry sectors: business services, consumer
goods, food and beverages, demographics, heavy industry, life
sciences and technology and media. From 1996 to 12 months
ago. The most current information will be included in the
executive summaries.
- Browse reports by industry sector or conduct a 'Quick Search' at
the top left of the screen. Click on the link 'Visit Help
FAQs' for information on how to search for better results.
Researchers can browse or search for demographic reports.
- To view the full-text of any report, click on the 'Download
Report' button. As needed, remove pop-up blocking on the
Internet browser by right clicking on the yellow highlighted area
and selecting 'Download File'. Reports download to Adobe as a PDF
file.
- Read online or print selected pages by clicking on the print
icon in Adobe. Since the full-text reports are lengthy, only
print pages which provide information needed for the project.
When the print box appears, select 'Current Page' or enter a page
range.
Who's
Buying Series ... (New Strategist Publishers)
- Alcoholic & Nonalcoholic Beverages
Reference HD 9348 .U52 W46 2005Entertainment
Reference GV 53 .W46 2005Groceries
Reference HD 9321.4 .W46 2005Healthcare
Reference RA 410.53 .W46 2005Household Furnishings,
Services
& Supplies
Reference HD 9773 .U6 W46 2005Information Products &
Services
Reference T 58.5 .W46 2005Restaurants & Carry-outs
Reference TX 945 .W46 2005Transportation
Reference HD 9710 .U52 W46 2005Travel
Reference G 155 .U6 W46 2005
Each report provides, household spending trends for 5 years
across a number of demographic characteristics, household
spending for specific types of products/services, and a ranking
list. For each product/service, best customers are
identified, customer trends are given, and average household
spending is provided across a number of demographic variables.
Business Source Premier (EBSCO)
American
Demographics,
an excellent source of demographic data, is
provided in full-print in this database. 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.
- Click on 'Advanced Search' at the top of the screen.
- In the first search box, use the pull-down menu to select
'Publication Name' and type American Demographics.
- In the second search box, use the pull-down menu to select 'All
Text' and type in a search term that describes your product or
service (ex. weddings).
American Demographics
is also available on the Internet.
Use networking to make connections or to complete survey
analysis on a potential target market.
For example: if data can not be found regarding what
type of customer would be interested in astronomical devices in
the Salisbury area, you may want to check out Salisbury
University student organizations or Salisbury area organizations
so that you can survey their members or speak to them
face-to-face. You may also want to talk to Science
professors at Salisbury University and ask for assistance.
Lifestyle Analytics:
These sources can also be used, in addition to the sources above, to
determine target markets based on lifestyle characteristics.
American
Generations Series ... (New Strategist Publishers)
- Baby Boom: Americans
born 1946 to 1964
Reference HF 5415.33 .U6 R877 2004Generation X: Americans
born 1965 to 1976
Reference HF 5415.33 .U6 G642 2004Millennials: Americans
born 1977 to 1994
Reference HQ 796 .M4797 2004Older Americans: A
Changing Market
Reference HQ 1064 .U5 O43 2004
Each book in the series is divided into nine chapters:
Education, Health, Housing, Income, Labor Force, Living
Arrangements, Population, Spending, & Wealth. For each
topic, provides trends and demographic data analysis for a
specific generation.
American
Men: Who They Are & How They Live
Reference HQ 1090.3 .A457 2006
Provides demographic data showing the size of the male
population, its changing age distribution, rising educational
attainment, and evolving racial composition. It is divided
into nine chapters, organized alphabetically: Education,
Health, Income, Labor Force, Living Arrangements, Population,
Spending, Time Use, and Wealth.
American
Women: Who They Are & How They Live
Reference HQ 1421 .A486 2006
Provides demographic data showing the size of the female
population, its changing age distribution, rising educational
attainment, and evolving racial composition. It is divided
into nine chapters, organized alphabetically: Education,
Health, Income, Labor Force, Living Arrangements, Population,
Spending, Time Use, and Wealth.
Lifestyle
Market Analyst (SRDS)
Reference HF 5415.33 .U6 L54 2005
Provides market analysis at the local, regional, or national level.
It breaks down the American population geographically and
demographically. It also includes extensive lifestyle information
on the interests, hobbies, and activities popular in each geographic and
demographic market. Use section 1 to analyze a geographic market
in terms of demographic characteristics and lifestyle interests.
Use section 2 to analyze a market segment of households interested in a
particular lifestyle (ex. foreign travel). Use section 3 to
analyze consumer segment groups in terms of their geographical
distribution and prevalent lifestyle interests.
*Read the information on how to interpret data in the front of the book.
LEXIS-NEXIS Academic Universe
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.
-
From L-N's front page, click on the 'Business' category on the left
tool-bar.
-
Use Terms and Connectors button for word
searches.
back to top
How big is the target market? How much growth is expected
(see items marked by *)?
Determining target market
size in specific geographic/market areas:
Chamber of Commerce or Economic Development websites for your
city/state may provide information on demographics & market
characteristics:
Doing
Business in Maryland (Maryland Dept of Business & Economic Development)
Ready Reference (Ask for this title at the Research Services Desk)
Provides information and data to help those who are trying to start a
business in Maryland:
Maryland Population Projections to 2030, pg. 8
Median Hourly Wages by Occupation, pg. 9
Conducting International Business in Maryland, pg. 18-20
Data per Industry, pg. 23-
Data per Region, pg. 35-
Salisbury
Chamber of Commerce
- Provides a concise overview of Salisbury in
Facts & Figures.
Maryland: Department of Business & Economic Development: Facts & Figures
Maryland Economic Development Directory
Maryland State
Data Center
Missouri Census Data Center - click on Maryland and then search
for zip & county data
Salisbury
University: The Office of Institutional Research, Assessment, and
Accountability
For college student population demographics in Salisbury.
Salisbury-Wicomico Economic Development, Inc.
Helps develop the economy and promotes small business development for
Wicomico County, MD. Provides data on location, lifestyle,
business, demographics, property search, and more.
Other demographic sources:
*Community
Sourcebook of County Demographics (ESRI)
Reference HA 203 .S65
For each state, provides county level data per Population, Race,
Age, Households, Families, Median Household Income, Income, Spending
Potential Indices.
Also provides, business data per county (number of firms, top
industry).
*Use this source for 2009 population projections per county. Refer
to front of book for data interpretation guidelines.
*Community
Sourcebook of Zip Code Demographics (ESRI)
Reference HA 203 .S66
For each zip code, provides county level data per Population, Race,
Age, Households, Families, Median Household Income, Income, Spending
Potential Indices.
Also provides, business data per county (number of firms, top
industry).
See 'consumer type'
data for top lifestyle and % of households that fit that lifestyle.
Tapestry consumer types defined in the front of the book.
*Use this source for 2009 population projections per zip code.
Refer to front of book for data interpretation guidelines.
U.S. Census Bureau
U.S. Census Bureau: American FactFinder
*U.S.
Census Bureau: Population Projections (forecasts to 2050)
The Population Projections Program creates projections of the resident
population for the United States and for each of the 50 states and the
District of Columbia.
back to top
Location, Location, Location:
Traffic counts/intersection counts can be useful in
determining the best location for a small business.
Maryland's Traffic Volume Maps by County For the Years
(1998-2004)
The Traffic Volume Maps depict the Annual Average Daily Traffic
(AADT) at various locations on Maryland's roadways. Traffic
volume data is collected from the 3000 program count stations,
79 automated traffic recorders (ATR), and the 7 toll count
stations located throughout Maryland. Program count data is
collected on a three year cycle, while the ATR and toll count
data is collected on a continual basis. The AADT figures, shown
on these maps, are estimated. The AADT estimates were derived by
taking 48 hour machine count data and applying factors from
permanent count stations.
Property rates can also be a determining factor in where you start
your small business.
Maryland: Dept of Business & Economic Development
Look up current rates for property (facilities, sites, and
industrial parks) in Maryland.