Using Demographics by Zip Code for Marketing
The value of demographics in any business cannot be stressed enough. Companies engaged in insurance and real estate, for instance, use neighborhood demographics to dig deeper into zip code areas and magnify specific neighborhoods. But are you truly aware of how demographic data is used in your marketing campaigns and efforts for maximum benefits?
Demographics are particular traits of a target group or population. These include gender, race, income level, education, and age. Demographic researchers record this data for specific purposes and clients and compare them against applied criteria like PIN code lookup behavior. This enables them to reach a conclusion about the group or population's habits or conditions. Historical demographic data tied up with current data also allows trend forecasts.
Demographics by zip code, for instance, are used by marketers to segment the population and develop marketing techniques that are targeted. Among the most popular ways marketing researchers present data is postal zip code segmentation, since the codes are used throughout the United States.
Location demographics are especially relevant in retail marketing, since consumer tastes, buying habits and trends, and presentation have a tendency to be specific to a geographic region.
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