Now that you know more about your industry and competitors, how do you determine your target market: the group of consumers who would potentially buy your product?
You'll need to look at demographics (age, gender, income, etc.) of consumers in your geographic area, and also look at characteristics (or "psychographics") that identify a consumer's attitudes, lifestyle, and purchasing behavior.
You may have already found some information about your target market. Here are some other useful resources:
U.S. national data, GIS mapping tool and analytics platform with data related to demographics, neighborhood conditions, real estate markets, federal income-eligible areas, money and income, lending activity, jobs and economy, education, health and more.
Data can be viewed by census block or tract in many cases, and city, county, zip code, state as well as congressional district, school district, state house and state senate districts.
PolicyMap data can be presented as maps, tables, charts, and reports. Unlimited address-based data can be uploaded for use in PolicyMap.
You might consider using the demographic and psychographic information you gathered to help you determine the location of your business. Another factor will be the cost to rent (see the Business Costs page).
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