Trade Areas

So, What Do You Know
About Your Trade Environment?

It is important to understand where customers come from and how far they are willing to travel for the specific product or service you are offering. For example, customers are willing to travel farther when shopping for big-ticket items such as televisions and refrigerators than they are if they need a loaf of bread or a prescription filled. If your products or services cater to businesses, how large is your reach? Are you close enough to customers to provide on-time service and timely order processing? Therefore, the composition of trade areas hinge on knowing who your customers are, how far those customers are willing to travel for your products, where your competitors are located and any barriers to accessibility (such as the lack of direct highway routes). RCS combines the most current databases with advanced desktop mapping technology to provide you with an accurate and detailed picture of your trade areas.

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Opportunity onepixel.gif (799 bytes)
  • Locate where customers live in relation to your business
  • Define the size and shape of your trade area
  • Examine the demographics of your customers
  • Find out who else you should be talking to
  • Focus your direct mail efforts
  • Consider the impact of your competitors
  • Determine your market share and potential share
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Process
  1. Determine the site(s) for analysis
  2. Determine the type of customer, product usage, sales or other criteria to study
  3. Build the in-house data file
  4. See (map) trade area definition including proximity analysis, and primary and secondary analysis
  5. Refine analysis - demographics, distribution and concentration reports
  6. Determine market penetration and share
  7. Determine market opportunity for existing or new products
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Tools
  • Target Prospecting
  • Relative Density Potential
  • Market Share and Potential
  • Map Analysis
  • List Development & Acquisition
  • Customer Profiling
  • Segmentation
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Case Studies onepixel.gif (799 bytes)

See A Sample Map Illustrating:
Primary & Secondary Trade Areas

Read Our White Paper On:
Mapping Improves Target Marketing

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