Why Is It Important to Undertake Competitor Analysis?
If you conduct competitor analysis on a regular basis then you will be able to use the knowledge that you have gathered to stay one step ahead of your competiton.
You'll be able to use your competitors' strengths and weaknesses to your advantage and anticipate and be ready for any threats they may pose before they happen.
Want to keep an eye on your competiton? Here's how to get started...
It’s a tough old world out there. Whatever business sector you work in, you’ll have competitors.
Some sectors will have more competition than others. I know myself, that whenever I go to a networking event in Edinburgh, there is bound to be at least one other marketing business at it. Just as there are numerous photographers, life coaches, lawyers, accountants and recruitment companies in Edinburgh.
Some sectors may not have so much competition, but just wait a couple of years for others to fill that niche.
And if you have lots of competition it means that your customers and prospective customers, let’s call them your prospects, have a wide selection of companies to choose from.
So why are they going to choose you over the competition?
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