5/25/2023 0 Comments Sizeup market analysis![]() Raygoza says she used SizeUp to conduct research for her business plan, to gather competitor information and to analyze top markets across the country. “It is a good tool for business intelligence. Raygoza launched her business in September 2012, and currently operates pop-up shops at events such as San Francisco’s Indie Mart. Lila Raygoza, owner of Sidewalk Runway, a vintage and pre-loved designer footwear shop, agrees. You would be lucky to find where the dry cleaners are, let alone see the demographics, spending, etc.” Trying to do that research yourself is very difficult. When you’re starting to get into a business, it’s the kind of thing you’re looking for. “I tell them to use SizeUp and analyze their market. “I recommend SizeUp to everyone we’re working with on the Drop Locker solution,” Levy remarks. It’s a really easy, targeted way for us to do some high level market analysis, both in our market and in new markets that we’re looking at.” Laundry Locker recently launched a platform called Drop Locker, a franchise business for individuals around the country. “We’re going after the traditional dry cleaning space, and SizeUp helps us see where the dry cleaners are and how much money people are spending in those areas. “We pick it up, service it and drop it off back at their lockers, and customers pick it up at their convenience,” Levy explains. ![]() Voted the Best Dry Cleaner 2012 by the San Francisco Weekly, the self-service retailer launched in 2004 and has lockers located throughout the city where customers drop off their laundry. “SizeUp is a fantastic tool,” says Arik Levy, owner of Laundry Locker. Independent retailers can go to the SizeUp website, and create an anonymous account for free with an email and password, and they can access data immediately. In addition, the company’s website provides a list of resources to help retailers interpret data and make actual decisions. Retailers can choose from pre-set reports to find areas with the highest industry revenue and most underserved markets, and where average business revenue is peak, or create custom reports. “SizeUp also pinpoints areas where your business is doing well and areas where you might want to advertise,” Simundza shares. ![]() “The program will show you areas where there are a lot of customers but few competitors.” The “Choose My Business” feature compares several data points, such as annual revenue, to the industry average by city, county, state and the nation. The software allows business owners to map out individual competitors to see where they are, as well as to locate businesses they can sell to, explains Eric Simundza, product manager of SizeUp. SizeUp shows businesses how they match up to, and can outperform competitors, and how to make more money. SizeUp’s data can be super crunched in a variety of ways to compile lists like, “top cities for startups,” “average wage rates” and, “typical revenue,” for every industry and geographic region across the U.S. SizeUp breaks through economic and information barriers, and gives small businesses access to great business intelligence at no cost to them.” SizeUp provides demographic, industry, geographic, business, transportation and cost of business data, using powerful analytic search tools that enable independent retailers to make smarter decisions. “Small businesses, however, don’t always have the resources they need to create a successful company. “Big companies have the resources and power to figure out the path to success,” SizeUp CEO Anatalio Ubalde points out. SizeUp-IslandCounty helps to level the competitive business playing field by providing small businesses with similar market research that typically only large corporations can afford.SizeUp is a free business intelligence tool, created especially to help brick and mortar shop owners assess and grow their businesses. Plus many other metrics about your business.Is my business in a growing or declining industry?.Am I paying my employees more or less than my competitors?. ![]() Where are businesses like mine doing better or worse than me?.Do I make more or less money than my competitors?.It also enables you to compare your business performance to your industry competitors across multiple performance indicators, answering questions like: Island County businesses can now access industry-specific and hyperlocal information to help them grow and make smarter decisions using Big Data analysis.ĮDC’s market research tool, SizeUp-IslandCounty, empowers you to discover potential customers, suppliers, and competitors, and to identify the best locations to target advertising based on industry and demographic characteristics of your ideal customer. This informational tool helps local businesses succeed by delivering powerful market research insights, at no cost to you. The EDC for Island County is excited to offer you FREE access to our SizeUp-IslandCounty
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