When searching for business types to market to, "how to classify your business" used to be a major issue. What was needed was the ability to efficiently find businesses that fit certain criteria and the answer was to categorize by codes, S.I.C. Codes to be exact.
SIC Code Marketing campaigns denote the available informational data regarding its Standard Industrial Classification. The nomenclature assists individuals and businesses to easily find what classification a business falls under and the relation it has with each industry.These are important business documents that are updated yearly.It comprises of the information on taxonomy a business is listed under in the Code of Standards for a particular business type.
The SIC Code list comprises of the list of city code, as some codes have variations for a particular town. These particular business codes are attached to the main subject in your city's law books. The general classification, however, never changes for a business type or an industry. Some cities allow businesses to operate from the business person's home(s) while some have restrictions that are listed in their City Business Codes. You need to know the zip code of your area to determine the correct SIC code for your marketing campaign.
It helps you find your business's category so that searching it becomes more efficient. Using today's business-to-business technology and with order management done online, one needs to know the code of the business they seek for faster searches.
The U. S. Securities and Exchange Commission lists each business in the United States by a specific code standard found at http://www.sec.gov/info/edgar/siccodes.htm where you find the "Division of Corporation Finance: Standard Industrial Classification (SIC) Code List".
For example, a person with the profession as a writer would be listed under: 7380 Services-Miscellaneous Business Services or as 7310 and 7311 Services-Advertising, all of which is reported to their EDGAR (Electronic Data Gathering, Analysis and Retrieval) system. The Division of Corporation Finance helps the commission when you want to list your business for sale in the open market, and it is their responsibility to oversee the disclosure of your information to the investor.
Your business must belong to one, regardless of whether you plan on later selling your business or are just starting up. You must use it to file taxes and to identify what your business does, in a nutshell. Securing a loan or other business transactions are much easier when those contacting your business or wanting to find information on your product or services. They only need to find the industry you're in and eliminate other unnecessary name searches.
When searching for new business prospects, you will need to know this code so that your coperation can be listed correctly and you pay the applicable business fee. Different business types are charged accordingly in different cities. City prices vary with a business and its functions. A not-for-profit business doing the same business and a for-profit business would have the same SIC Code. However the two codes differ in the financial standards, the cost of that license. Good business sense would have you check with your city to explore those options.
Now you have learned about targeting your Sic Code list by Zip Codes, what about targeting by ZIP Codes? We have also written a nice informative ZIP Code explanation to help you understand their importance during a business marketing campaign.
Download a Free SIC Code Description List
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