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How to do a competitor analysis

In this infographic, we have explained how you do competitor research.<br>Competitive analysis is a way of researching the competitor's Insights, products, sales, and strategies.

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How to do a competitor analysis

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  1. HOW TO DO A COMPETITOR ANALYSIS

  2. INTRODUCTION The intention behind the competitor analysis is to understand the strengths and weaknesses of competitors so we can understand them and fill the gaps in our business. In life, it can be harmful to us to compare with other people. But in business, Business owners give comparison priority. Competitors are those individuals or businesses that have similar products, Similar clients, and similar goals. Mostly Businesses do competitor analysis to understand the strengths and weaknesses of competitors

  3. HOW TO DO A COMPETITIVE ANALYSIS Find Competitor First, you need to figure out who is your competitors so you can settle a competitor analysis. Competitors Products Check your competitors and how they are promoting their products to their customers. Sales Strategy When it comes to sales, you must check how your competitors are converting the sales. Product pricing It is crucial to keep the pricing according to your business demand and competitors' analysis. Marketing Strategy We must have detailed info about the marketing strategy of the competitor. Content Strategy Contents are the best way to increase awareness of any business. You must know how frequently they posts. SWOT Analysis SWOT analysis can help you know your competitor's key strengths and weaknesses.

  4. SOURCE https://poweradspy.com/5-ways-to-target- competitors/

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