A Comprehensive Guide to Competitor Analysis in Your Industry-2024
Competitors Analysis:
List and identify direct and indirect competitors. Direct competitors offers similier products
or services, while indirect competitors may served the same need with different solutions.
Gather information:
Collect information on competitors products and services and customer base.
Pricing statergy:
Examine the pricing statergies of competitors. Determine if they position themselves as premium
somewhere in between.
Marketing and branding:
Analyze competitors marketing and branding statergies. This includes advertising,channels,
messaging and brand positioning.
Distribution channel:
Understand how competitors distribute their products or services. This can provide insights
into the market reach and potential partnership opportunities.
Financial performance:
Review the financial performance of competitors its possible. Look at revenue growth
and any public financial statements available.
SWOT Analysis:
Conduct a SWOT analysis full named (strong,weeknesses,opportunities,threats) for each
competitors.
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