This article explains how to use the Trade Area Analysis that’s available in the Places section.
This article covers:
Using the analytic
Reading the Trade Areas visualization
Reading the Home ZIP codes visualization
Exporting the data
↳ Using the analytic
Above: The Trade Area Analysis tool focused on a McDonald’s location
This analytic is accessible from the Places section. It is the first analytic after the 'VISTOR ANALYSIS' divider and appears straight after the Historical Visits tool.
You can use the Selection dropdown to switch between the two ways to visualize trade areas:
Trade Areas - This visualization displays polygons that represent the home location of core customers.
Home ZIP Codes - This visualization displays ZIP codes that are coloured based on the percentage of visitors that live in each.
You can use the Date dropdown to select the date range of the analysis. The data is updated quarterly. Each quarter contains data from the trailing twelve months.
On the map itself, there are three buttons. Use the plus and minus buttons to zoom in and out, while the maximize button expands the map.
🛠Troubleshooting: Why is there no data for the place I'm analyzing?
Above: How the analytic looks if data is unavailable
In order to safeguard the privacy of our sample panel, we do not provide trade area analysis for every place in our database. For the analysis to be displayed, a minimum threshold for the number of visitors seen at a location must be met.
If the data is not displaying for a certain place, then the threshold has not been reached.
↳ Reading the Trade Areas visualization
Above: The Trade Areas polygons displayed
The Trade Areas visualization displays three polygons. These polygons are based on the home locations of visitors that account for a certain volume of visits. There are three polygons displayed:
The trade area of visitors who account for 30% of visits
The trade area of visitors who account for 50% of visits
The trade area of visitors who account for 70% of visits
This visualization shows the core trade area for a given place. Encroaching into this territory would have a significant, negative impact on the place’s performance.
↳ Reading the Home ZIP Codes visualization
Above: The Home ZIP Codes analysis displayed
The Home ZIP Codes visualization displays the home location of visitors as ZIP codes. The color of the ZIP codes indicate the percentage of visitors that live in each one.
As opposed to the Trade Areas visualization, this shows a wider trade area comprising visitors who are not necessarily core customers.
The legend on the left gives the range of percentages for each color. You can also hover over a ZIP code to reveal the specific value.
Above: The ZIP code profile appears when clicked
By clicking a ZIP code, the ‘ANALYZE ZIP CODE’ button appears. This links to its analysis page in the Areas section.
↳ Exporting the data
Above: The export data modal
You can export the data as an image by clicking the download button in the top right hand corner. That opens up the export data modal displayed above.
A dialog box will open so that you can download the data. Simply enter a filename and click ‘Export’ to download as a .png.