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If your customers are primarily the ultimate consumers or end users of your product or service, identification is generally done in terms of demographic and lifestyle factors.
Demographics are tangible, measurable facts that distinguish one group of people from another. For example:
Lifestyle analysis is more concerned with the "intangibles:"
For example, heavy coffee, liquor, and tobacco users are not easily identified with demographic information. They may be found in any age group or socioeconomic category. However, lifestyle analysis shows high correlation with certain characteristics, including media habits, recreational pursuits, social interaction patterns, music, and other attributes. If you can identify these, you can make your promotions or advertising more appealing to these target buyers.
In some product categories, such as alcoholic beverages, there are several skewed segments representing different age groups, demographic characteristics, and lifestyle patterns:
Information on end users may be obtained from secondary research or original primary company research.
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