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Determine who your competitors are. Determine what products your competitors offer. Research your competitors sales tactics and results. Take a look at your competitors' pricing, as well as any perks they offer. Ensure you're meeting competitive shipping costs.
Definition: A competitive analysis is the process of categorizing and evaluating your competitors to understand their strengths and weaknesses in comparison to your own.
Identifying your competitors. Obtaining information about your competitors. - Brand awareness - the % of your target market that are aware of your competitors. Evaluating their strategies. - Determine their strengths and weaknesses relative to your brand's.
Free Competitive Analysis Template. Step 1: List Your Competitors. Step 2: Write a Brief Overview. Step 3: Know Their Target Customers. Step 4: List Their Pricing. Step 5: Itemize Their Marketing Strategy. Step 6: Identify Their Competitive Advantage.
Determine who your competitors are. Determine what products your competitors offer. Research your competitors sales tactics and results.
Identify your competitors. Examine your competitor's website & customer experience. Identify your competitor's market positioning. Take a peek at pricing. Problem solve for shipping. Take a temperature check with reviews. Review social media.
A competitive analysis identifies your competitors and evaluates their strategies to determine strengths and weaknesses relative to your brand. A competitive analysis often includes a SWOT analysis that helps the marketer define a competitive marketing plan.Your company's competitors. Competitor product summaries.
Identify your competitors. Gather information about your main competitors. Analyze the competition's strengths and weaknesses. Talk to your competitors directly. Identify your competitive advantage.