How to do competitor analysis online

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When conducting a competitor analysis, it is important to remember to always be objective and conduct an in-depth and exhaustive analysis.

These are the factors to keep in mind when analyzing your competition:

Who are your competitors
As we said, understanding who your competitors are is the first and essential point of any analysis. In this first part, also include information on companies that are planning to enter your target market in the future.
What are your competitors' products?
This step includes an in-depth analysis of the products and services offered by your competitors. What are the characteristics of their products, what are their values, and who are they aimed at? Analyze how they set up marketing strategies for their products, how they advertise them, and try to understand what customers think of their products and/or services.
What are the strengths and weaknesses of your competitors
Analyzing strengths and weaknesses will allow you to understand which greece email list aspects of your competitors' strategy are effective and which are not working. In addition, this point can also help you identify new opportunities that you had not thought of.
What are your competitors' strategies
? Look at what your competitors are doing. Part of competitor analysis is monitoring their marketing efforts, their social presence, the channels they prefer to use, and so on.
What market are you in?
For a complete competitor analysis, it is also necessary to carry out an in-depth analysis of the market and the niche market in which you both operate. Always analyze the performance of your products, try to understand if the demand is growing or not, and you will also know how to face the competition.