How do you analyse your competitors?

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Identify your competitors. This includes both direct and indirect competitors. Direct competitors are those who offer the same or similar products or services as you. Indirect competitors offer products or services that are substitutes for yours.

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Analyze your competitors' strengths and weaknesses. Once you have gathered information about your competitors, you can start to analyze their strengths and weaknesses. This will help you to identify areas where you can differentiate your business from the competition.

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Gather information about your competitors. This includes information about their products or services, pricing, marketing strategies, sales tactics, and customer service. You can gather this information from a variety of sources, such as their website, social media pages, customer reviews, and industry reports.

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It is important to track your competitors' changes over time so that you can stay ahead of the curve. This includes monitoring their new products or services, pricing changes, marketing campaigns, and sales tactics.

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Brian Hurst · Answer

One of my favorite ways to get insights into our competitors and what they're doing is to hop into a product demo with someone on their sales team. It's a great way to see what they're doing, how their product works, and where they're planning to expand!

Ioan Ivanov · Answer

To analyze your competitors, follow these steps: identify them, gather information from various sources including online tools, analyze their strengths and weaknesses, compare your business to theirs, and develop a plan to improve your competitive advantage. Pay attention to their products/services, pricing, marketing strategies, customer service, and reputation. Use this information to identify areas for improvement in your own business and stay competitive in the industry.

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Consider the strengths and weaknesses of your rivals. You can begin to assess your competitors' strengths and weaknesses once you have gathered information about them. This will assist you in locating areas where you can set your company apart from the competition.

How do you analyse your competitors?

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