Why do a competitor analysis?
Posted: Tue Jan 21, 2025 3:20 am
Competitive analysis gives you a clearer picture of the market landscape to make informed decisions for your growth.
That said, you have to remember that competitive analysis is an opportunity to learn from others. It isn’t:
Copying successful competitors to a T.
Trying to undercut others’ pricing.
A one-and-done exercise.
Let’s look at how this exercise can help your business before breaking down my 5-step competitive analysis framework.
10 Free Competitive Analysis Templates
Track and analyze your competitors with these ten free planning templates.
SWOT Analysis
Battle Cards
Feature Comparison
Strategic Overview
Download for free
Learn more
If you’re unsure about investing time and effort in morocco whatsapp number database analyzing your competitors, know that it will give you a complete picture of the market and your position in it.
Here are six main reasons I perform a competitive analysis exercise whenever working with a brand for the first time.
1. Find competitors’ strengths and weaknesses.
What are your competitors doing right to drive their growth? Analyzing the ins and outs of an industry leader will tell you what they did well to reach the top position in the market.
That said, you have to remember that competitive analysis is an opportunity to learn from others. It isn’t:
Copying successful competitors to a T.
Trying to undercut others’ pricing.
A one-and-done exercise.
Let’s look at how this exercise can help your business before breaking down my 5-step competitive analysis framework.
10 Free Competitive Analysis Templates
Track and analyze your competitors with these ten free planning templates.
SWOT Analysis
Battle Cards
Feature Comparison
Strategic Overview
Download for free
Learn more
If you’re unsure about investing time and effort in morocco whatsapp number database analyzing your competitors, know that it will give you a complete picture of the market and your position in it.
Here are six main reasons I perform a competitive analysis exercise whenever working with a brand for the first time.
1. Find competitors’ strengths and weaknesses.
What are your competitors doing right to drive their growth? Analyzing the ins and outs of an industry leader will tell you what they did well to reach the top position in the market.