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competition analysis

 

The Competitive Analysis section is devoted to analyzing your competition–both your current competition and potential competitors who might enter your market.

Every business has competition. Understanding the strengths and weaknesses of your competition–or potential competition–is critical to making sure your business survives and grows.

Process

Competition Analysis Process

Through competitor analysis, you can future-proof your business and anticipate what’s around the corner for your industry or sector.

As well as avoiding mistakes, your competitors can also show you what works for them. For example, if you see that a competitor has been doing lots of pay-per-click advertising for a long period of time, it’s probably a safe bet that that method is proving profitable.

 

General Analysis

General Understanding of the competitors, both direct and indirect.Creating a list of all of them. With this, the next step can be taken in understanding its features.

Main features

Understanding general competitors company, employees, investors. Also a general understanding of its clients profiles. Products or services sold, specifications and customers reactions to its products.

pricing analysis

Competitive pricing analysis is a structured approach to knowing the price of your direct and indirect competition. This can help you better charge customers relative to the Total Cost of Ownership. The Total Cost of Ownership refers to the costs linked with enacting any solution.

Business model and objectives

The Business Model Canvas and Jobs to be Done Theory can help plug both these gaps and give a very holistic understanding of the right competition and their business.
A business model is the core logic for how a firm is designed to create and capture value for a target market. It expresses the core business logic of how a firm needs to be organized, the revenue model that will enable it to make money, the channels and communications will be used to market its products or services.

swot analysis

  • What are their strengths? Price, service, convenience, extensive inventory are all areas where you may be vulnerable.
  • What are their weaknesses? Weaknesses are opportunities you should plan to take advantage of.
  • What are their basic objectives? Do they seek to gain market share? Do they attempt to capture premium clients? See your industry through their eyes. What are they trying to achieve?
  • What marketing strategies do they use? Look at their advertising, public relations, etc.

Process

Try Our Amazing Process

Research & Analysis

Great research from primary and Secondary resources. Access to more than 20 paid databases, research information, marketing studies and target market analysis.

Roadmap planning

With a Detailed analysis of the competition, direct and indirect. We can research their products, sales, and marketing strategies and then draw your strategies for your business, products or services. It helps you come up with a strategy to make your business models, products or services more defensible

Professional Delivery

All projects are 100% custom made. Thought and developed for the client. no templates are used. Time is taken to analyze each individual company and business to understand their needs, goals and objetives.

Clients

Trusted by Top Companies Around the Globe

Make Your Own Opportunities

We will help you think of your business in a whole new way, bringing fresh perspective to long standing challenges and helping envision and achieve a future with unlimited possibilities.

We employ a wide range of research tools to develop a comprehensive competition analysis that will meet your acquisition goals.

Packages

Pricing Models For Every Need

Full In-depth Competition Analysis

Get In Touch

For In-depth description of each area, samples and more. Please contact me through email or whatsapp.

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wilddaniela88
danielawild@elevenreasons.com