If you sell products online (such as art, jewelry, decorations, etc.), your NAICS code is 454110 – Electronic Shopping and Mail-Order Houses.You can search for your Sector, such as “Manufacturing,” and get a list of all the six-digit NAICS codes that fall within the Sector.Generally, it is easier to use a single keyword than multiple words. It's important to keep the keywords simple and as relevant to your business as possible. You can use IBISWorld's NAICS Lookup Tool to find your NAICS code. Primary business activity can also be determined by relative share of production costs and/or capital investments.Ģ. Several variables, such as revenue or value of shipments, can be used to determine the primary business activity of an establishment.Even though one business can have multiple codes, a business should choose the NAICS that is closest to the primary business activity.The NAICS code is meant to describe the primary business activity, which is why businesses that have more than one revenue-producing line of business can attribute more than one NAICS to their business. The first step a business should take is determining the primary business activity and revenue-producing lines of business. How Do I Start Looking for My NAICS Code?ġ. codes may differ from counterparts in Canada or Mexico. The sixth designates the national industries or the more granular industry product or service, thus, 6-digit U.S. The international NAICS agreement fixes the first five digits of the code, so they are standardized across countries. According to NAICS, the first two digits designate the largest business sector, the third digit specifies the subsector, the fourth digit designates the industry group and the fifth digit specifies the NAICS industries. The NAICS code can be a two- to six-digit number. You can use IBISWorld to easily look up a NAICS code, industry, or product or service. There is no central agency that assigns or approves a NAICS code for establishments. Instead, businesses self-assign their NAICS codes. The NAICS was designed in a way to make it easy for establishments to determine their own NAICS. The North American Industry Classification System (NAICS) is an arrangement between Canada, Mexico and the United States by which businesses are designated based on their type of economic activity. What is NAICS and Who Assigns a Code to My Business?
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