What is Competitor Analysis?

[jacobsmith1]

Hello Friends,

Please tell me what is competitor analysis.

[Shay_Fox]

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.

[WebOutGateway]

Hi there, jacobsmith1!

Competitor Analysis from the word itself is a procedure or a process of a marketing plan of a company that involves it competitor. A business mainly observe, monitor, and manage the strength and weaknesses of their major competitor. Competitor Analysis aims to identify opportunities and strength for the business.

Good luck and I hope it would help you!

[irfan]

In marketing competitor analysis, you assess the strengths and weaknesses of your competitors and it is a very important part of your own search engine optimization strategy.

[ramskl]

Depending on the type, industry, and scope of the SEO process, this analysis can become quite complex, as there are many factors to take into consideration.