B U L L E T I N
Tools and Resources for Data-Driven Market Research
Third Wave Research
Vol. 1 No. 1   April 30, 2002
IN THIS ISSUE:
  • Help us help you better
  • Take our survey!
  • Radius requests: precision you can count on
Bulletin Archive

FROM THE EDITOR

HELP US HELP YOU BETTER
This is the premiere issue of Third Wave Research's BULLETIN.

While Third Wave Research has been providing statistical support for decision-makers since 1994, our venture with Microsoft’s bCentral is in its infancy.  Right now you have the opportunity to help us shape our newborn as it grows.

What brought you to Market Research Tools?  We would like to hear your story.  What did you think of the tools and articles you found on our site?  We are eager to hear your comments.

Most of all, we would like to know what you WISH a resource like ours could do for you.  A tool for custom-tailoring a mailing list?  A tool for analyzing local media alternatives?  These are in the works.  What else would you like to find in our marketing tools?  We would sincerely like to know.

Ask questions.  We will try to address them in the articles we produce.  Tell us your research dilemmas.  We will pass your suggestions on to our developers.  It is our goal to build tools that fill your market research needs – and the fastest way we can do that is with your help.

Would you like to see an e-mail forum for user comments as part of the BULLETIN?  Include "forum" in your subject line when you write to me and we will pass your comments along in a "forum" column in upcoming issues.
SURVEY

PLEASE TAKE OUR 10-QUESTION SURVEY
Don't worry, none of the questions are hard.  Please give us a few minutes of your time?  We could really use your help.  Your responses will guide the development of Market Research ToolsPlease click here to participate.
TELL A FRIEND
You can help the BULLETIN grow with just one click.  Click here to send the link to this issue to a friend or colleague.

I look forward to your feedback.  Click here to write to me and I will try to respond promptly.

Best regards,
Sarah White, Editor, the Bulletin
Third Wave Research

TO CHANGE YOUR E-MAIL ADDRESS OR TO UNSUBSCRIBE
Log in to Market Research Tools, then click Modify Profile.

ABOUT THIRD WAVE RESEARCH
The BULLETIN is published occasionally by Madison, Wisconsin-based Third Wave Research.  Editor Sarah White and other associates of Third Wave Research write articles that appear in bCentral's "Demographics" and "Market Research" topic areas.  For information about Third Wave Research's services, click here.

OUR SPONSORS
Businesses like yours reach prospects nationwide by sponsoring the BULLETIN.  Put your message where interested small business people will see it.  If you are interested in purchasing a sponsor message, e-mail the editor.

TOOL BITS

RADIUS REQUESTS: PRECISION YOU CAN COUNT ON
Patty plans to open a video arcade.  She knows that choosing a location near households that include young people will increase her odds of success.  Patty turns to Market Research Tools for insight.  She begins her research session by choosing a Metropolitan Area Demographic Profile of her town.  Seeing that over 35% of households contain people under 24 (her target demographic), she deduces that there is a reasonable number of young people to serve.  But where are they concentrated?  That is where Patty needs the precision of a radius selection report.

Selecting a radius around an address (a radius selection) is a powerful way to use Market Research Tools.  Radius selections are tabulated from smaller base units than the other standard
geography options, which tabulate zip codes, counties, states, and metropolitan areas.  Radius selections for small areas are tabulated from block groups – a small unit established by the U.S. Census Bureau.  In dense urban areas a block
For a more detailed explanation of census geography, click here.
group might correspond to just a few city blocks. Market Research Tools’ radius selection reports draw on block groups’ highly precise data.  Maps based on block groups (and the somewhat larger unit census tracts) are useful for decision-making because they are so specific.

Patty can use Market Research Tools to find exactly where concentrations of young people are clustered.  How?  First, she chooses some likely alternatives to consider – several street intersections she knows to be main arteries through residential areas. Going to Market Research Tools, she enters one of these alternatives for her "geography of interest" and chooses a radius of two miles around that intersection.

Next, Patty clicks "Go" to view a Demographic Profile report.  From the report screen she chooses the Thematic Map option and views a map showing the population count under age 20 for that geographic selection.  She prints the map and report.

Patty repeats this process for a second location, printing a new map and report.  She finds that both maps show roughly similar
To view Patty's maps, click here.
distribution of households with young people.  Is one neighborhood better than the other?  To find out, Patty chooses a second Thematic Map option: "Household Income
over $100,000".  Now the map for one area shows a clear advantage over the other.

At the end of her session, Patty has the precise information she needs to make informed comparisons.  She is quickly able to find the part of town that contains the most affluent young people - her best potential customers.

Radius selections deliver the information you need to make decisions that are highly sensitive to geographic location.  Radius selections unleash the power of demographics.
SPONSOR MESSAGES

Houston Area Subscribers - See editor Sarah White in person.
Attend the Marketing Expo May 17-18, at the Reliant Center. Author Sarah White presents "Do-It-Yourself Advertiser's Toolkit" 10 a.m. Saturday May 18.  For more information go to www.theadvertisingshow.com



Third Wave Research: We make tools for managing complexity.
We give clients the ability to ask questions about their business they could never ask before, because they didn't know where to go, what to ask, or even that they could.  To learn more, visit our website at www.thirdwaveresearch.com
Copyright © 2010 Third Wave Research, LLC.  All rights reserved.
phone: 608-255-9283
fax: 608-255-9577
e-mail: TWRbCentralEditor@ThirdWaveResearch.com