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Joanne Fritz, Ph.D. of American Dream Publishing, invites you to reprint this article in your print publication, ezine, or on your website. This is a Free-Reprint article. The only requirements for publishing this article are:

  • You must leave the article and resource box unedited.
  • You must forward a copy of the ezine or newsletter that contains the article inside to the author at: joannef@notyetretired.com.
  • If you post this article on a website, you must set the links up as hyperlinks, and you must send us a copy of the URL where the article is posted.
  • Turning Demographics Into Gold
    Copyright 2002, Joanne Fritz, Ph.D.

    Do you know who buys, or is likely to buy, your 
    products, services, or information?
    
    If not, you should be looking for demographic 
    information that will help you make good marketing 
    decisions.
    
    You do not have to be a research guru in order to use 
    demographic information. Just look for the results of 
    studies other people have done and then apply them to 
    your business.
    
    For example, my audience is the mature market...people 
    over 50. There is a lot of data on this group and more 
    studies are being done daily. Some data I found 
    indicated that older people are avid readers. They 
    really like newspapers and magazines. If I was trying 
    to find clients for estate planning services, I would 
    know that I should advertise through newspapers and 
    magazines, rather than spend money on television.
    
    Since my business is internet-based, this information 
    about reading tells me that I should provide a content-
    rich web site for my older customers, and that mailing 
    a printed newsletter could be another way to develop my 
    customer relationships.
    
    How do you find demographic data?  First, find out 
    who might be keeping tabs on your audience. I know, for 
    instance, that AARP surveys people over 50 constantly. 
    AARP makes that information available on its website.  
    I also know that Forrester Research 
    (http://www.forrester.com) 
    does studies on older people, along with many other 
    groups. Yankelovich Partners 
    (http://www.yankelovich.com/) has been a leader in 
    market research on older consumers; and Age Wave 
    (http://www.agewave.com/) collects tons of stats on 
    this market for its website.
    
    Although AARP data is free, research firms sell their 
    information...often at prices that the small business 
    or entrepreneur cannot afford. But, by reading their 
    news releases and the snippets of data they make 
    available to the general public, you can glean quite a 
    bit. To find firms that do research on your 
    demographic, check out MarketResearch.com 
    (http://www.marketresearch.com/).
    
    Another great source are the news release distribution 
    services. You can sign up to receive their news 
    releases by email. Common ones are Internet Wire 
    (http://www.internetwire.com), Internet News Bureau 
    (http://www.newsbureau.com), and PR Web 
    (http://www.prweb.com).
    
    In addition, there are search tools you can use to make 
    your data collection easier. Copernicus 
    (http://www.copernic.com/desktop/index.html) is search 
    software that is downloaded to your computer. It will 
    search most search engines for keywords and phrases. 
    You can get a free trial version to see how it works. 
    Tracerlock (http://www.tracerlock.com) is a web-based 
    service that searches most of the news portals on the 
    web and then alerts you by email when it finds your 
    keywords. I have found this very useful and gladly pay 
    its monthly fee. Spyonit (http://www.spyonit.com) is a 
    free service that will spy on specific URLs or 
    keywords and phrases. It delivers what it finds to you 
    by email.
    
    Don't overlook the magazines and journals that are 
    specific to your audience. For the older audience, I 
    keep an eye on the AARP magazines, Readers Digest, 
    Aging Today, and several others. Even a regular perusal 
    of the daily newspaper will yield lots of information. 
    USA Today is a great source of quick, easy-to-
    understand statistical data. Take a look at the NYTimes 
    online, and sign up for The Wall Street Journal's 
    online version.
    
    By casting your information "net" in this way, you are 
    more likely to come across data that will help you 
    devise better marketing strategies. In addition, you 
    will find a lot of content for your website and ezine.
    
    Now, if I could just figure out how to use the fact 
    that the older market is an up and coming group for pet 
    supplies (it's true!).

    Joanne Fritz, Ph.D. owns American Dream Publishing. She specializes in the mature market with three websites:
    http://www.notyetretired.com
    http://www.second50years.com
    http://www.ebiz-for-seniors.com



    This article was originally written: June, 2002


    More Articles Written by Joanne Fritz, Ph.D.
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    The article on this page is Copyright © 2002, Joanne Fritz, Ph.D.

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