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It's not about how many accounts you can board...
Or how big they are.
It's about the cost of servicing them. Are they profitable?
Target your Prospects Wisely.
Every business is looking for reasons to improve operations.
"Your goal is to build a profitable portfolio processing millions of dollars monthly"
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New prospecting searches are smarter, faster, easier, and more profitable.
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Lifelong customers strengthen portfolio value.
Understanding NAICS & SIC Codes
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Don't think portfolio value, think volume.
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Small business is big business.
They grow too, so help them.
Go there.
The Responsibility of Prospecting
understanding
Primary
SIC CODES
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What is a an SIC Code?
Standard Industrial Classification (SIC) codes are four-digit numerical codes assigned by the U.S. government to business establishments to identify the primary business of the establishment. The classification was developed to facilitate the collection, presentation and analysis of data; and to promote uniformity and comparability in the presentation of statistical data collected by various agencies of the federal government, state agencies and private organizations. The classification covers all economic activities. (See: What is a NAICS Code?)
The SIC system arrays the economy into 11 divisions, that are divided into 83 2-digit major groups, that are further subdivided into 416 3-digit industry groups, and finally disaggregated into 1,005 4-digit industries.
What is a Primary SIC Code?
Each and every company will have a primary SIC code. This number indicates a company's primary line of business. What determines a company's primary SIC code is the code definition that generates the highest revenue for that company at a specific location in the past year. The first two digits of the code identify the major industry group, the third digit identifies the industry group and the fourth digit identifies the industry. SIC codes have been continually updated by private data companies for marketing and classification purposes. Below are the major groups...
How to Use SIC Codes
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Companies use SIC codes to identify customers by industry code (See: SIC Business Lists)
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Professionals use SIC codes to segment markets for marketing campaigns and customer research
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Companies append SIC codes to their customer list to determine what industries their customers operate in. For future marketing campaigns, companies know which industries to further market to (See: SIC Code Append)
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For business lists, SIC codes are more specific and comprehensive than NAICS codes (See: SIC vs NAICS)
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To identify competitors, public and private
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Companies that operate in a certain industry use a specific SIC code when filing with the SEC so that the type of business is properly identified
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Identifying government contracts by their SIC description
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State and Federal Registrations
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Getting a DUNS number
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Tax purposes
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Your business SIC code is often asked for on various applications and forms.
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Lenders use SIC codes to help identify the industry affiliation of your company. Therefore it's vital to ensure that you have the correct SIC code for your business classification
How Governments Use SIC's
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To promote uniformity and comparability in the presentation of statistical data collected by various agencies of the federal government, state agencies, and private organizations
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SIC codes allow the gathering and analysis of data quickly and efficiently
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The Security and Exchange Commission (SEC) uses SIC codes when sorting company filings
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Tax classification
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SIC codes organize industries utilizing a numerical system that defines a business according to its highest revenue source at a particular location for research applications
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SAM - System for Award Management
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Traditionally, government contracts were awarded and identified by SIC code (See: What is a NAICS)
Why You Need To Use SIC's
SIC codes have been defined by the U.S. Government as the most exact industry classification. Use SIC codes for targeting purposes by accessing the 15+ million SIC code directory of companies. Identify your current customers by their SIC code and find new clients within the same or similar industries. SIC codes are required for state registration, federal registration, tax purposes, when filing your DUNS number, and when seeking eligibility for government contracts.
Primary
NAICS CODES
The United States Office of Management and Budget has released the publication of the 2022 NAICS United States Manual in January 2022. The North American Industry Classification System (NAICS) is used by businesses and governments to classify and measure economic activity in the United States, Canada, and Mexico. NAICS is 6-digit code system that is the current standard used by federal statistical agencies in classifying establishments (individual business locations). NAICS organizes establishments into industries according to the similarity in the processes used to produce goods or services. (See: What is a SIC Code?)
NAICS codes array the economy into 20 sectors, which are separated into 96 3-digit subsectors, which are divided into 308 4-digit industry groups, which are further subdivided into 689 5-digit industries, and finally disaggregated into 1012 6-digit U.S. industries.
What is a Primary NAICS Code?
Each and every company will have a primary NAICS code. This number indicates a company’s primary line of business. What determines a company’s primary NAICS code is the code definition that generates the highest revenue for that company at a specific location in the past year.
How to Use NAICS Codes
The first two digits designate the largest business sector, the third digit designates the subsector, the fourth digit designates the industry group, and the fifth digit designates particular industries. The last digit designates national industries.
How Governments Use NAICS
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NAICS codes are used in auditing purposes by comparing ratios of companies in a similar industry.
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To facilitate the collection, presentation, and analysis of data.
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The Department of Revenue uses the NAICS code for legislative issues.
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To promote uniformity and comparability in the presentation of statistical data collected by various agencies of the federal government, state agencies, and private organizations.
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To facilitate the administration of the Internal Revenue Code for the Internal Revenue Service - (IRS) business activity codes.
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The Department of Revenue uses the code to inform taxpayers within a certain industry of law changes that may affect them.
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NAICS codes may be necessary requirements for government contracting, teaming, and subcontracting.
Why You Need To Use NAIC's
NAICS codes have been defined by the Governments of the United States, Mexico, and Canada as the most exact industry classification coding system. SICCODE provides companies the ability to register by NAICS codes. Identify your current customers by their NAICS code and find new clients within the same or similar industries. NAICS codes are important when seeking eligibility for government contracts.
BANKING
HOSPITALITY
BRICK & MORTAR
SUPERMARKETS
HEALTHCARE
ENTERTAINMENT
PETRO & C-STORES
UTILITIES
AUTO RENTAL
AUTO DEALERS
CONSTRUCTION
LAUNDROMATS
BEAUTY SHOPS
SHOE REPAIR
HEALTH THERAPIES
RELIGION
PHOTOGRAPHY
MUNICIPAILTIES
INSTITUTIONS
TRANSPORTATION
MAIL CENTERS
WASTE COLLECTION
CONVENTION BOOKING
SECURITY SYSTEMS
TOUR OPERATORS
GOLF TOURNAMENTS
BICYCLE REPAIR
SKI RESORTS
SPORTS ORGANIZATIONS
LUMBER YARDS
CONCRETE
STEEL COMPANIES
CAR DEALERS
TIRE DEALERS
BOAT DEALERS
AUTO PARTS
HARDWARE STORES
SHOE STORES
BRIDAL SHOPS
MATERNITY APPAREL
CUSTOM TAILORS
EXOTIC APPAREL
MEAT MARKETS
BOWLING CENTERS
DANCE HALLS-BALLROOMS
TEST PREPPING SCHOOLS
CULTIVATION SERVICES
CROP SPRAYING
PET GROOMING
Agriculture-Forestry-Fishing
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Field Crops - Cash Grains
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Wheat - Rice - Corn - Beans
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Tobacco - Cotton - Sugar Cane
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Potatoes - Vegetables - Fruits
Mining Services
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Gold - Silver - Copper - Iron
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Lead- Zinc- Metal- Uranium
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Ferroalloy Ores- Nickle Ore
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Cobalt - Columbite - Tungsten
Construction
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Residential - Commercial
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Builders- Remodelers
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Designers- Handyman
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Mobile Homes- Improvements
Manufacturing
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Paper - Printing - Publishing
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Meat- Poultry- Grain - Dairy
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Cigarettes- Textile - Apparel
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Lumber - Furniture - Fixtures
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Petroleum - Concrete - Rubber
Transportation & Utilities
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Railroad - Transit - Freight
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Transportation - Truck Lines
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Public Utilities - Natural Gas
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Cable - Radio - Telephone
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Airports - Terminals - Ferries
Wholesale Trade
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Automobiles - Tires & Tubes
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Equipment - Computers
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Hospital - Office - Supplies
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HVAC - Hardware - Plumbing
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Sporting - Durable Goods
Retail Trade
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Mobile Homes - Mobile Offices
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Building Materials - Hardware
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Home Centers - Home Fixtures
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Windows & Doors - Cabinets
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Retail Shops - Discount Stores
Finance - Insurance
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Credit Unions - State Banks
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Savings & Loans - Branches
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Foreign Trade Center Exchange
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Security & Commodity Dealers
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Insurance Adjusters/Managers
Real Estate
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Condos - Apts - Boarding
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Retirement - Rentals
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Operators - Motel -Hotel
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Title & Trust Companies
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Land Contracts - Examiners
Sundry Services
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Advertising - Digital Media
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Collection Agencies
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Landlord Services/Bureaus
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Pest Control - Termites
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Security/Monitor Systems
Business Services
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Dry Cleaners- Florists
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Racetracks - Flea Markets
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Boat Slips - Yacht Brokers
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Public Pools - Wreckers
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Stadiums - Concessions
Public Administration
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Legislative Bodies - Offices
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City Governments - Towns
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Advisory Commissions
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City & Town Councils
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Purchasing Agencies
Farm & Garden Machinery
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Meat Packers - Livestock
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Egg Processing - Dairy
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Planting - Haying - Milk
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Grain Elevators - Snow
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Tractor Dealers - Trailers
Lumber-Plywood & Millwork
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Lumber Brokers - Timber
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Plywood- Cabinet Makers
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Prefabricators - Mouldings
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Fiberboard - Particle Board
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Hardboard- Paneling
GENERAL STORES
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Department - Varity - Dollar
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Merchandise - Wholesale
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Discount - Non-Discount
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Resident Buyers - Warehouse
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Retail Stores - Mom & Pop
Variety Stores
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Trading Posts - Clothes Posts
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Soap Mitts- Hula Supplies Retail
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Farmers Co-Ops - Surplus Stores
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Salvage Stores - Country Outlets
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Army-Navy Goods - Parachutes
Food Stores
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Grocery - Fruit - Meat & Fish
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Vegetable Markets - Bakeries
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Candy & Nuts - Supermarkets
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Kosher Markets - C-Stores
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Deli's - Snacks - Health Foods
Eating & Drinking Places
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Ice Cream Parlors - Sandwiches
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Cafeterias - Banquet Rooms
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Coffee Shops - Dinner Theatres
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Jewish Foods - Oyster Bars
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Hot Dog Stands - Soda Shops
Alcohol Drinking Places
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Beer Gardens - Beer Parlors
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Beer Taverns - Bar & Grills
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Cabarets - Cocktail Lounges
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Saloons - Tap Rooms - Wine Bars
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Night Clubs - Comedy Clubs
Home Furniture Stores
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Indoor/Outdoor - Mattresses
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Patio Supplies - Hammicks
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Futons & Airbeds - Waterbeds
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Chairs - Bookcases - Tables
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Bar Fixtures - Wicker Furniture
Musical Instruments
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Band Instruments - Dealers
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Sheet Music - Music Rolls
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Karaoke Equipment Rentals
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Guitar Shops - Amplifiers
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Keyboards - Drums - Pianos
Record Industry
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Video Tape Discs and Cassettes
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Prerecorded Sound Effects
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Equipment Specialty Store
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Repair of Consumer Electronics
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Retail Sales of Peripherals Units
Real Estate
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Operators of Apartment Buildings
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Operators of Mobile Home Sites
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Real Estate Agents & Managers
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Title Abstract Companies
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Land Subdividers & Developers
Insurance Brokers
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Fire Insurance Underwriters
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Inspection & Investigation
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Advisory Services - Adjusters
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Research Reporting Services
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Educational Services - Classes
Hotels & Motels
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Bed & Breakfast Inns - Cottages
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Tourist Cabins - Ski Lodges
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Seasonal Hotels - Recreational
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Chalet & Cabin Rentals- Resorts
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Guest Ranches - Villas - Rentals
Arts & Entertainment
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Performing Arts Companies
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Dinner Theatres - Promoters
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Sports Teams & Clubs - Artists
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Agents & Managers - Writers
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Spectator Sports - Concert Halls
Recreation
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Museums & Historical Sites
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Zoos & Botanical Gardens
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Amusement Arcades - Bowling
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Golf Courses - Country Clubs
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Bird Sanctuaries - Wildlife
Merchandise Retailers
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Book Stores & News Dealers
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Hobby - Toy - Game Stores
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Warehouse Clubs - Sporting
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Office Supplies - Stationary
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Gift, Novelty, Souvenir Stores
Repair Services
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Electrical - Radio - Television
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Refrigeration & Air Conditioning
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Watch - Clock - Jewelry - Shoes
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Reupholstery & Furniture Repair
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Leather - Saddles - Bike Repair
Publishing & Printing
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Periodicals - Magazines - News
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Entertainment Guides - Comics
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Newsletters & Trade Journals
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Wedding Publications - Video
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Newspapers - Book Publishers
Carpentry Work
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Rough Framer/Finish Carpenter
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Woodworkers - Cabinet Makers
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Window & Door Manufacturers
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Wood Finishing - Wood Floors
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Stair Building - Resilient Floors
Carpets, Paint & Wallpaper
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Paint Stores - Wallpapers
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Drapes & Curtains - Fabrics
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Window Treatment Stores
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Floor Covering Stores - Rugs
WOMENS APPAREL
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Maternity - Bridal - Boutique
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Womens Exchanges - Teenage
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Dress & Specialty Shops
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Womens Consignment Stores
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Furs - Gowns - Leathers - Purses
Transportation
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Local & Suburban Passenger
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Intercity & Rural Bus Transports
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Bus Charter Service & Taxis
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Motor Vehicle Terminal Facilities
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Other Passenger Land Transport
Personal Services
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Crematories - Funeral Homes
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Embalmers - Funeral Directors
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Beauty & Barber Shops - Studios
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Photographers - Home & School
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Cosmetology - Schools & Shops
MARKETS
Liberty Bankcard Digital Worldwide.
Bowling Alleys
Lighting & Screens
Bowling Ball Mfg.
Equipment Brokers
The Responsibility of Prospecting
Target your Prospects Wisely.
Every business is looking for reasons to improve operations.
Partners are paid on every transaction.
Burger Places
Pizza Parlors
Suchi Bars
Restaurants
MARKETS
THIS IS WHY
WE PARTNER
Liberty Bankcard Digital Worldwide.
Government
Community
Municipal
Institutional
Believe in Yourself. Find Your Freedom.
Every business is looking for solutions that enrich their bottom-line.
Transportation
Ticketing
C-Stores & Petro
Supply Chain
Liberty Bankcard Digital Worldwide.
MARKETS
Target your Prospects Wisely.
Every business is looking for reasons to improve operations.
Norman Vincent Peale Positive Thinking Life Changing Wisdom
Income for the life of the business.
Street Fairs
Shopping Malls
Town Squares
Retail Stores
MARKETS
Explore those industries that could use Blockchain technology.
Drone Companies
Seed Companies
Equipment Companies
Nursery Farms
MARKETS
Liberty Bankcard Digital Worldwide.
New prospecting searches are smarter, faster, easier, and more profitable.
Business is business...
You just have to figure it out.