What do you mean by the term competitive Analysis?

[HeavenlyBorn]

What do you mean by the term competitive Analysis?

[Sara James]

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.

[dennis123]

Hi Friends,

Identifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to those of your own product or service.

8 quick ways competitive intelligence will improve your business:

1. Identify market gaps that you can fill
2. Determine how your market likes to be served; dislikes as well
3. Identify differentiated methods to attract prospects & serve your customers
4. Isolate, develop, and promote your unique value proposition
5. Detect your areas of strengths and weaknesses versus the competition
6. Analyze market reaction to your marketing strategy
7. Determine your market position
8. Get to know your customers and see them from different perspectives

[davidweb09]

Competitive Analysis is review your competitors website backlinks, SEO strategy to improve your rank. http://purestrengthla.com/

[chetna]

Competitor analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.

[RH-Calvin]

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.

[rajverm0364]

competitors analysis meaning checking the attributes of the competitors website and their business to understand what they are doing which is helping them to garner more business so that we can also implement and try to become better than them and improve our business marketing plans so that our conversion rate improves.

[SKS]

Competitive analysis means to identify your competitors and spy on their backlinks and strategies they are following.