How to Fish and Catch Your Limit of Target

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How to Fish for and Catch

Your Limit of Target Companies

By

Tom Jackson

Sale Fish Marketing

972.740.7367

ThomasJackson@ThomasJackson.Info

www.linkedin.com/in/thomasjacksonjr

(03-2015)

Strategy without tactics is the slowest route to victory.

Tactics without strategy is the noise before defeat.

- Sun Tzu

The Quest

Need a Plan (aka Strategy & Tactics)!

• Targeted Account List Plan

• Research Plan

• Networking Plan

The Hunt

Defining your Target Companies

- In DFW or the Nation

The 30-60-90 Day Plan

• Do not boil the ocean

• Do set priorities, keep score

• Do not confuse Activities with Productivity

• Do not repeat what is not working

• Do keep positive

• Do say thank you – when they so no

• Do follow up

• Do Help Others – Karma is a Good Thing

DFW Fortune 500

DFW is the largest “home” for Fortune 500 Companies

(…..well second to Houston by 1 company as of 2010)

DFW Market By Industries

DFW has a very diverse corporate landscape

DFW: Companies by Industry

80,000

70,000

60,000

50,000

40,000

30,000

20,000

10,000

0

(Industry Markets as Identified by SIC and NAIC)

DFW Market Landscape – by the Numbers

98.7% of Firms 68% of Payroll http://www.census.gov/epcd/susb/2006/tx/TX--.HTM

Target your Industry – ie Telecom in DFW

Ex: Telecommunications DFW

STATE NAICS ENTRSIZE FIRM ESTB EMPL EMPLFL PAYR PAYRFL STATEDSCR NAICSDSCR

48 517 1 726 3756 105542 5951159 Texas Telecommunications

ENTRSIZEDSCR

Total

48

48

48

517

517

517

2

3

4

338

101

72

342

101

78

560

655

959

38612

27510

42873

Texas

Texas

Texas

Telecommunications

Telecommunications

Telecommunications

0-4 employees

5-9 employees

10-19 employees

48

48

48

48

48

517

517

517

517

517

5

6

7

8

9

511

104

49

664

62

521

153

93

767

2989

2174

4016

3916

10106

95436

108995

197968

232796

539759

5411400

Texas

Texas

Texas

Texas

Texas

Telecommunications

Telecommunications

Telecommunications

Telecommunications

Telecommunications

< 20 employees

20-99 employees

100-499 employees

< 500 employees

500 + employees

Large Companies Spawn Smaller Companies

>500 employees there are 62 Firms

<500 employees there are 664 Firms

Excellent source that breaks out each NAICS by employment growth http://www.census.gov/csd/susb/download_susb06.htm

Small-Medium Businesses

The estimated 27.2 million small businesses in the United States:

• Employ about half of the country’s private sector workforce

Hire 40 percent of high tech workers, scientists, engineers and computer workers

• Include 52 percent home-based businesses and two percent franchises

• Represent 97.3 percent of all the exporters of goods

Represent 98 percent of all employer firms

• Have generated 60 to 80 percent of net new jobs annually over the last decade.

Generate a majority of the innovations that come from United States companies.

• Larger percent of under 25 and over 55 years old workers than large companies.

• Small business < 500 emp.

• Medium business >500+ emp

• 98+% of US Businesses are

Small/Medium Business

Source: US SBA, NSBA.BIZ

Finding Your Targeted Companies

- Small – Medium - Large

Reference USA

Reference USA is a database of over 14 million US companies, both private and public. It is FREE TO YOU through MOST state libraries.

Keep in mind:

Company participation in the database is varies by state, in Texas you must participate when creating a business.

Some companies will be listed but not have their revenues posted

Some companies will have only their corporate office/location listed but not all subsidiaries – others will have every local sales office

Typical download is ~25 companies at a time to a spreadsheet.

For purposes of finding companies by Industry, there are no major differences in SIC and NAICS codes (NAICS are update SIC codes)

US Census Dept. maintains the data that is the database for RefUSA

Reference USA uses additional sources to update, add and maintain

Targeted Accounts

How Many are Too Many????

One?

or Two or Three?

Two or Three HUNDRED!

Focused and Targeted

Companies

Targeted Accounts – How to Find Them?

TACTICAL STRATEGIC

Targeted Accounts

Find a local library that allows you remote on-line access to the databases.

You only need a Texas Drivers license to get a card – do not need to live in the town where the library is located.

FREE

Either Reference USA or Dun&Bradstreet is an excellent resource.

Typically FREE

Through Outplacement

Targeted Accounts – Quick Start

Go to the Library Home Page

Search Under:

1.Digital Library

2.Research

3.Adult

4.Business

The Library Reference USA link will take you to Reference USA where you can now logon using your Library card number/password

Targeted Accounts – Quick Start

Start your search here

You are looking for a list of companies. Now what??

Targeted Accounts – Quick Start

Type former

Employer’s Name

The fastest way to find Focused/Targeted Companies is a Reverse Search.

Enter the Company name you are interested in getting more information on.

Targeted Accounts – Quick Start

Select your company’s name from list. You may see the name listed more than once. You typically want to select the main office location to get the greatest amount of information.

Targeted Accounts – Quick Start

With your employer’s

NAICS / SIC code number(s). Your can now enter these number(s) to get a list of

ALL companies in that industry subset – this includes competitors!!

Note:

If more than one code, pick that one that it closest to your skills

SIC

NAICS

Think of NAICS Hierarchy Like a Large Corporation

CEO

Acme, Inc Level 2

President

Acme, Inc

President

Acme, Inc

Level 3

VP

Acme, Inc

Dir-Sales

Acme, Inc

Dir-Mkt

Acme, Inc

Dir-Engr

Acme, Inc

Sales minion

Acme, Inc

Sales minion

Acme, Inc

Sales minion

Acme, Inc

Mkt minion

Acme, Inc

Mkt minion

Acme, Inc

Mkt minion

Acme, Inc

Engr minion

Acme, Inc

Engr minion

Acme, Inc

Engr minion

Acme, Inc

Level 4

Level 5/6

Targeted Accounts – Quick Start

1

2

4

3

Go back main menu:

1) Click on Custom Search

2) Click on Business Type

3) Click on

Keyword/SIC/NAICS

4) Click on Search All

NAICS

5) Enter NAICS code

5

Targeted Accounts – Quick Start

Click on View Results to see a complete listing of Targeted Companies.

Now you can go back and use the various filters to size the listing to something more managable.

Targeted Accounts

Filters: Geography

By Adding the

Geography Filter (DFW).

The list went from 17,735 to 406.

Targeted Accounts

Filters: Business Size

By Adding the Company

Size (250-4999). The list went from 406 to 3.

Note:

Can have multiple filters

ReferenceUSA will work for any Industry

Targeted Accounts – Quick Start

- RETAIL

Targeted Accounts – Quick Start

- RETAIL

Some companies have numerous office, divisions, subsidiaries, etc.

These are typically captured by the CORP TREE icon

Targeted Accounts – Quick Start

- RETAIL

Public

Company

Subsidiary

Company

Branch

The Corp Tree usually provides a complete list of every location.

Targeted Accounts – Quick Start

- RETAIL

The other option is to select a major office or the corporate office.

Targeted Accounts – Quick Start

- RETAIL

When you select a specific company, you will get a company bio. On the company bio is the Industry Profile with SIC(s) and NAICS(s) codes. Choose the code(s) that best suit you.

Targeted Accounts – Quick Start

- HEALTHCARE

This methodology works for any company, industry or size.

Targeted Accounts – Quick Start

- HEALTHCARE

Targeted Accounts – Quick Start

- ENERGY

Targeted Accounts – Quick Start

- ENERGY

Targeted Accounts – Quick Start

- NON PROFITS

Reference USA also is a source for non-profits

Targeted Accounts – Quick Start

- NON PROFITS

ReferenceUSA will work for Research

Reference USA – Search

Main Custom Search Page

There are 9 parameter to filter/search by. By using any number of these filters you can narrow your results to a targeted focused group.

When doing a search make sure to click on ‘Update Count’ to see how many total companies are being returned.

ReferenceUSA

Download Report Detail

Note:

SIC/NAICS field go to 26 listings, EXECUTIVES information goes out to 50, PUBLIC FILINGS go out to 26

ReferenceUSA – Downloading a Report

From the Search Results page click Download

Select Excel

Select Detailed

Summary report is very basic

- Custom report lets you select the info you want

Ref USA for Market Research

“How to spice up that Interview”

Reference USA – Market Research

Need to know if Ft. Worth OR Dallas has more IT/Network Companies.

Avaya is my “identifier”

Filter on City and Business Size

Reference USA – Market Research

<$1MM <$100MM

With the SIC code in place for Avaya type businesses, Ft Worth selected as the City. Start selecting the Revenue ranges one at a time. Each time click on the <Update Count> button.

Write down the Revenue Range and Count for each Revenue range you select.

Repeat for Dallas.

Reference USA for Market Research

Revenue Range

<$1MM

<$2.5MM

<$5MM

<$10MM

<$20MM

<$50MM

<$100MM

Ft. Worth

1

3

4

0

0

1

0

Dallas

5

8

3

1

0

0

1

Using the Filter Page a table of Revenue by City for

IT/Network Companies can quickly be created.

It only takes a few more ‘clicks’ when collecting this data to capture the names and addresses of the companies counted in the table.

Reference USA – Market Research

Put data into Excel, cut and paste it into Power Point for a Graphical

Representation of the market differences between two cities

Nuance of Networking

- Defining who you are and what you do

Networking

Digital

Analog

working

Why Meeting People (aka Networking)

Is Important

Where the Opportunities Are

1%

10%

Networking

Job Boards

Job Fairs

89%

• Networking (meeting people) remains the best way to find a job

• Networking meetings are a great way to meet people and learn skills

• Networking calls/coffees are the only way to really “know” people

• IMPORTANT have your agenda and ask how you can help

Jobvite

- Social Recruiting Survey 2014

Ref: Jobvite 2015

Jobvite

- Social Recruiting Survey 2014

Social Media Is Critical to Your Networking

Ref: Jobvite 2015

Jobvite

- Social Recruiting Survey 2014

LinkedIn Is Still Relevant After All These Years

Ref: Jobvite 2015

Jobvite

- Social Recruiting Survey 2014

Ref: Jobvite 2015

Jobvite

- Social Recruiting Survey 2014

Who you are

What you are

Where you are

Ref: Jobvite 2015

Jobvite

- Social Recruiting Survey 2014

Walk the Walk

Talk the Talk

Ref: Jobvite 2015

Jobvite

- Social Recruiting Survey 2014

Ref: Jobvite 2015

Networking

Why is Networking so Powerful?

• 70% to 90% of all jobs are not posted

- This excludes Job Boards and Job Fairs

(hint: over half of these are from social networking sites)

• 90%+ are found through what type of networking?

- Asking friends, neighbors, family: 33%

- Knocking on company doors: 47%

- Calling companies: 69%

- Hunting in packs (Accountability Group): 84%

Do the math…

90% of Jobs not posted, 90% of Jobs found through Networking

Networking

What is your Networking Strategy?

Before you meet:

Read LinkedIn Profile

What do you need/want to get out of meeting

Marketing Plan with Targeted Companies

When you meet:

Marketing Plan with Targeted Companies

“How Can I Help You”

If they have a contact ask:

Can you contact Mr./Mrs.“----------” for me?

After you meet:

-Follow Up

Networking – Accountability Group

Find people that do what you do…and do it together

Where Can I get the DFW COMPANY DATABASE and the PRESENTATION?

Tom Jackson

972-740-7367

ThomasJackson@ThomasJackson.info

www.ThomasJackson.Info

Click on this link to go to the

DOWNLOAD page

****All I ask in return is that you “Link-In” to me****

Questions

By

Tom Jackson

Sale Fish Marketing

972.740.7367

Tom@SaleFishMarketing.com

www.SaleFishMarketing.com

www.linkedin.com/in/thomasjacksonjr

Social Media for Company Research

LinkedIn: Great to find connections or introductions into companies. Don’t forget GROUPS & FOLLOW COMPANIES.

Google-Alerts: Define your search terms and get a daily digest of activity

RSS Feeds: Great way to keep in touch with current events

(great way to start Tweeting by Re-tweeting)

Fan Page: Fastest growing element with in Facebook. These are ‘Profiles’ for Business

Twitter: Twitter job aggregators and Twitter Alerts, two great tools

How to use the NAICS Hierarchy

Filters

(region, industry, sub-industry, revenues, public, private, etc)

All Industries

All Companies

All States

(14+million of companies)

Your Industries

Your Companies

Your Locations

(10,100,? companies)

Level 2

(20 base industries)

Level 3

Level 4

(Sub-Industries)

Level 5

(competitors & suppliers)

Level 6

(competitors)

4-Digit

Codes

5-Digit

Codes

6-Digit

Codes

Business Type

Download