Augusta
VIP Contributor
.Trying to increase sales for your business can need you finding out what others are doing to increase sales. This is where Conducting competitor research comes in. You need to find good wsys you can make your product stand out from these competitors to increase sales
So how can you Conduct competitor research
Start with finding out the marketing channels and tactics your competitors are adopting. Know about them and key in as well.
Check out the kinds of information your competition have on their websites, maybe product listings, and even their social media take advantage of the information to guide your own strategy.
Another thing you can do when doing your competition research is to compare price points and product quality. These are two areas that some company leverage on to drive high customes. You need to research on what others are doing right so that you can use the same parameters to determine the prices that would fit your products or services.
So how can you Conduct competitor research
Start with finding out the marketing channels and tactics your competitors are adopting. Know about them and key in as well.
Check out the kinds of information your competition have on their websites, maybe product listings, and even their social media take advantage of the information to guide your own strategy.
Another thing you can do when doing your competition research is to compare price points and product quality. These are two areas that some company leverage on to drive high customes. You need to research on what others are doing right so that you can use the same parameters to determine the prices that would fit your products or services.
