What is the meaning of competitive analysis?

[Powerfulvasikar]

Hlo Friends,
What is the meaning of competitive analysis?

[24x7servermanag]

Competitive analysis is done to find the competitor and find out their way of improving the strengths and weaknesses. You can relate them to your business. You will need to analyze the below things -

1. Who are your competitors?
2. What are the products they are selling?
3. What type of the customers they are targeting?
4. What is their marketing strategy?
5. What things they are doing for increasing the sales.
6. Which keywords are used by them and for what purpose?
7. Checking the back links of them
8. Comparing the content quality

[exploroapp]

It is the process of identifying the competitors and evaluating their strengths and weaknesses against our own products or services. This forms an indispensable part of any company's marketing strategy.

[deepakrajput]

To check the backlinks & content of your competitors, is analysis.

[dennis123]

Identifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to those of your own product or service . A competitive analysis is a critical part of your company marketing plan.

[jennypitula]

Competitive analysis is the analyzing of competitors' website. it is a very important step of on page optimization. We need to check which keywords they are using, from which sites they are getting backlinks and what amount of traffic they are having. Then we need to make a strategy for our business.

[Timensound]

Thanks For Your Information.

[drnagwaniseo]

Competitive Analysis. Entrepreneur Staff. Definition: Identifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to those of your own product or service . A competitive analysis is a critical part of your company marketing plan.

[Naksh]

Competitive analysis is done to find the competitor and find out their way of improving the strengths and weaknesses. You can relate them to your business. You will need to analyze the below things -

1. Who are your competitors?
2. What are the products they are selling?
3. What type of the customers they are targeting?
4. What is their marketing strategy?
5. What things they are doing for increasing the sales.
6. Which keywords are used by them and for what purpose?
7. Checking the back links of them
8. Comparing the content quality

I dont think more answers should be added to this post since you have done a great job by simplifying the answer.

[omkarsoft]

I think our friends shared almost. Hope this discussion is better to understand clearly about competitive analysis

[Nisha.shiv]

It is the process of identifying the backlinks, target keywords, etc of the competitor website.

[praveenitech40]

It is the process of identifying the competitors and evaluating their strengths and weaknesses against our own products or services.

[nancy07]

A competitive analysis is a critical part of your company marketing plan. With this evaluation, you can establish what makes your product or service unique--and therefore what attributes you play up in order to attract your target market.

[wellliving]

hi

Competitor analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors. This analysis provides both an offensive and defensive strategic context to identify opportunities and threats.

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[baldwinjackson]

Well competitor analysis means you stalk your business competitor online activity and track their footprint for using them in your business.