Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Marketing Forums
4 Steps to Do Competitor Analysis
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Holicent, post: 241273, member: 76163"] [FONT=Verdana]Competitor analysis is an important part of business strategy, but many companies overlook it. That's a mistake. You need to know what your competitors are doing, because that information can help you develop a strategy that will help your company grow. To get started, follow these four steps. Step 1: Identify Your Competitors Your first step is to identify the companies that qualify as your competitors. This may seem obvious, but some companies include other types of businesses in their competitive analysis—like those that provide complimentary products and services, or those that serve a different market segment. But because those types of companies aren't really competing with you for the same customers and revenue, they shouldn't be included in your competitive analysis. So first ask yourself: which companies are truly competing with me? Once you've identified them, you're ready for the next step. Step 2: Gather Information About Your Competitors Next up, it's time to gather information about your competitors so you can make an informed comparison between them and your company. You should assess things like their: Brand positioning Products/services offered Pricing structure Target audience/customers Marketing tactics/strategy Sales tactics[/FONT] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Marketing Forums
4 Steps to Do Competitor Analysis
Top