Why is real analysis important
Free competitor analysis tool
1. Identify direct competitors
It is often not that easy to identify direct competitors. Comprehensive market research helps you to find your "direct" competitors.
For a meaningful competition analysis, it is usually sufficient if you include the top 3-7 direct competitors in your competition analysis.
2. Compare offers
Once you have identified the direct competitors, you should now devote yourself to the respective offers of the competitors and carry out an offer comparison. The point is to compare your product or service with the respective competitive offers in order to work out unique selling points or potential for improvement.
In addition to price, performance and quality, other factors are important that you should consider when analyzing the competition.
3. Work out strengths and weaknesses
As the last step in your competitor analysis, you should analyze each competitor in detail yourself. Which corporate strategies do your colleagues pursue, which image does each of the direct competitors have or how flexible are the organization and employees - these are questions that can be important for your competition analysis and relevant for your business model.
In particular for the areas of corporate strategy and marketing, a sound competition analysis is extremely important.
Use the free tool for competitor analysis
You can use our free competition analysis tool to create the competition analysis. One of the advantages of the tool for competitor analysis is that the results are visualized directly in a graph. You can then include this in your business plan. This gives every reader a quick overview of the competition.
To download the competitor analysis tool, simply click on the button below.
Simply fill out the form below and you will receive an email with the download link.
- How do you talk to total strangers
- Will Volkswagen electric car deals hurt Tesla?
- Are all bloodline Jews related
- What causes hum in an AC motor
- What uses are there for Camtasia Studio
- What does asbestos insulation look like
- Korean entertainment companies take BTS seriously
- How is the iPhone 8 Plus
- How has information technology influenced management
- Do financial analysts work in teams Why
- What are the best commercial school scholarships
- Generally, pigs and cows get along well
- How many buildings are there in Manhattan?
- People find animals sexually attractive
- What is a rooted device
- People kill pandas
- How did WikiLeaks die
- Overcharging iPhones will damage it
- Did you do something bad?
- Older people should swim in public pools
- What are some good croissant sandwiches
- Is the BIT Mesra Campus safe
- What does the disenfranchisement of voters mean?
- Is Kamala Harris overrated