 Hey there chat bonds you're here for a high university libraries in this video I'll be using a database called Mergent Intellect to identify potential locations for opening your business This is a great way to identify potential competitors in your market as well as looking at a particular address And trying to figure out is this a viable place to open my establishment based upon what companies are around me You know are are people going to go visit other companies and then come to my place or as my company that I'm Potentially looking at in a location way out in the boondocks. Nobody's going to visit So this video is going to show you how to do that using a database called Mergent Intellect. So here you go So we can use Mergent Intellect to actually do Look for companies in our approximate location where we're looking to open in a business So what we're going to do is actually do an advanced search and let's say we have a particular address or a Zip code in mind of where we want to open our business So what we can do is actually look for location and let me get rid of this guy here to see this There is a radius search so I want to open a business within three miles of a Zip code 04015 which is somewhere in not zero zero four zero one five, which is Somewhere way off in in Vermont. So all right. So we did that We have three miles of zero four zero one five. Okay, if we just ran that We're going to get like a hundred and fifty five companies and we can view our results there. All right So when we view our results, it comes to this page and we see there's like Hancock Lumber company San and Gravel Incorporated spurwink school Assets a living place those are all nice companies and all but you know if I'm going to open a particular retail establishment You know Probably the fact that there is a residential care facility or a Hancock Lumber company is not really going to make a bit Difference or a Subego dock and lift incorporated really is not going to draw customers to my potential retail location so I'm going to go back and Change this search Go back to our advanced search again All right, we still have our radius of zip code right now. Now. I'm going to go under industry And what I want to do is go under and see what other I'm going to open a retail establishment Maybe in the line of like health foods or health food store or get organic food store or something like that So I want to see what other retail trade is happening in my location So if I just say I'm want to know what other food stores are over there Maybe what other apparel's are there maybe furniture stores other restaurants other miscellaneous retail General merchandise stores notice. I don't care about like building materials right now. I mean, I guess I could but I'm most mainly interested in retail trade not like manufacturing that kind of stuff You want to get more granular you could go down and say let's you know open this up here and say let's look for Hardware stores or retail nurseries and garden stores and that kind of stuff. Okay, so once we do that we can add to our criteria All right, and then we go and run our search again So rather than 155 stores we've now found 12 companies in that area. So that's a lot. That's a big difference So we view our results here Once again takes it to the same type of page here And so now we have like here's Bob's place top of the hill grill optical solution incorporated Crossroads country store so and there's a antiques place, right? So not like this isn't exactly shopping Mecca here in this particular zip code So I'm not really sure that that's the place we want to locate our store But this is like this will help you kind of give you an idea as far as what's available at that location Okay, so it might be a good way to do a radius search of a particular zip code to say, you know what maybe that's not where I want to build that's not where I want to be located So this is how you use merge and intellect to find that information You can also use merge and intellect to find out potential competitors in your location And once again, we're going to go to advanced search And then we'll go under location in this case. I'm going to do county So I'm interested in the county of we're going to do North America. I'm interested in the county of Cumberland County, Maine is what I'm looking for here. So I'm going to go and look for Maine and choose Cumberland and Then add the criteria. It's going to add it over here in the right-hand side and then finally I wanted to look for particular companies in a particular industry, so I'm going to go over and look under industry and Go under. I'm looking for wholesale retail and let's see. There's miscellaneous retail Let's see what we have here. We have sporting goods liquor stores things like that. Let's look under food stores And let's see here. Here is grocery stores miscellaneous food stores what I'm looking for really is like How many like health food stores there are around this particular location? So we do that go down click to add criteria And we run our search And it finds 25 companies associated with that with that SIC code in this database In Cumberland County, Maryland, and we click on view results. We'll get our list of companies here on the next page So here's our list of companies here. You see there's a traditional GNC. There is National mark natural marketplace. There is Royal River natural foods things like that. So we click on a company here We'll give us a little information about the company Including things like who the owner is stuff like that where it's located if they have a website Credit rating things like that that are pretty good there. So you can also what's interesting is look at us You know, there's not a whole lot of financial details because these are you know primarily Private companies, but you can see what other companies are around there. So we click on surrounding companies We can see if there are other companies in the in the location Again, this is a different way of looking at that kind of radius search. We're looking at all companies surrounding this particular particular location here and here's our list of of Companies here, there's quite a few within one mile And you see we can get a nice list of those companies there as well So good way to kind of benchmark your market your List of companies and also figure out where you might want to locate your business using merchant intellect Hope this video helped you should do any more help look for the contact link on the business blog We're glad to help anyway can take care and have a great day