Sunday, January 25, 2015

IT and Geo-Mapping Help a Small Business Succeed



This blog update is a discussion of the benefits of Geo-mapping and the example of The Tea Collection. The Tea Collection started as a small company that sells baby clothing. Today the company is expanding, and they rely on technology and IT resources to help them grow. Geo-mapping has been one of the most important tools for the company. Tim Watson, VP of sales for The Tea Collection, explains how he uses the technology to locate areas where new stores may be successful (Geo-Mapping Technologies Help Target Sales Prospects , 2009). Through the use of Geo-mapping, he can find areas with little competition, low market saturation and high potential for customers. In an article for Accountancy, Ian Foster explains that companies can use Geo-mapping for all sorts of business uses. He says, “how about generating a map to show, at a glance, where your 90-day debtors are? Or perhaps produce a topography showing peaks of where high sales levels are factored with good payers?” (Foster, 2007). With the technology of Geo-mapping becoming more readily available, the ability it possesses to enhance businesses is ever expanding.


References
Foster, I. (2007). Towards geo-accounting. Accountancy, 13968.

http://tips4php.net/wp-content/uploads/2010/09/geo_rss_on_google_maps.png

Geo-Mapping Technologies Help Target Sales Prospects . (2009, Feburary 19). Retrieved from YouTube: https://www.youtube.com/watch?v=3_GmukX5sfM

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