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Business Expansion Opportunities

List of Specific Industries

To the right, click on the [+] or [-] graphics beside an industry category to expand or collapse that list.

North American Industry Classification System (NAICS) codes for this industry

[ 425110 ] = Business to business electronic markets — Business to business electronic markets, durable goods, wholesale trade

[ 454111 ] = Electronic shopping — Business to consumer retail sales, Internet sales

[ 541613 ] = Marketing consulting services — Marketing consulting services

[ 541720 ] = Research and development in the social sciences and humanities — Business research and development services

[ 541910 ] = Marketing research and public opinion polling — Marketing analysis services

Industry Description

When manufacturers and retailers begin offering old products in new ways, there are opportunities for greater profits.  By extending the capabilities of their products, untapped markets may be created or expanded.  Besides online and social media, there may be in-store kiosks and other places to display these new products.  In the future, home networks may be involved by searching for available products that meet home owners’ needs for new products and services.