How to Performing Competitor Analysis

8 steps 40 min Intermediate

How to learn about Performing Competitor Analysis by the following 8 steps: Step 1: Identify Direct and Indirect Competitors. Step 2: Analyze Competitor Website Architecture and User Experience. Step 3: Research Competitor Keywords and SEO Strategy. Step 4: Examine Competitor Paid Advertising Campaigns. Step 5: Assess Competitor Content Marketing and Social Media Strategy. Step 6: Monitor Competitor Pricing and Product Positioning. Step 7: Evaluate Competitor Customer Experience and Reviews. Step 8: Synthesize Findings and Develop Strategic Recommendations.

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Step-by-Step Instructions

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Step 1: Identify Direct and Indirect Competitors

Mike Johnson: "Pro tip: Make sure to double-check this before moving to the next step..."

Map out comprehensive competitor landscape including direct competitors offering identical products/services and indirect competitors solving similar customer problems. Example: Research direct competitors by searching your primary keywords and analyzing who appears in top 10 search results consistently, identify companies targeting your exact customer demographic with similar value propositions, examine indirect competitors including alternative solutions, substitute products, and companies competing for same customer budget or time, analyze local competitors if operating in geographic markets using location-based searches and directory listings, investigate emerging competitors and startups in your space through industry publications, funding announcements, and patent filings, create competitor categories including market leaders, niche players, emerging threats, and legacy competitors, use tools like SEMrush or SimilarWeb to discover competitors you might have missed through organic and paid search overlap analysis, and document each competitor's business model, target market, geographic presence, and competitive positioning to establish baseline understanding.

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SimilarWeb Pro

Website traffic analytics and competitor benchmarking tool providing audience insights, traffic sources, and market intelligence.

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Step 2: Analyze Competitor Website Architecture and User Experience

Mike Johnson: "Pro tip: Make sure to double-check this before moving to the next step..."

Conduct comprehensive technical and user experience analysis of competitor websites to identify strengths, weaknesses, and opportunities. Example: Use Screaming Frog to crawl competitor websites analyzing site structure, internal linking patterns, page depth, and navigation architecture, evaluate user experience including page load speeds, mobile responsiveness, conversion funnel design, and checkout processes, analyze content organization, information architecture, and how competitors present their value propositions and product offerings, examine technical SEO elements including meta tags, schema markup, URL structure, and site performance metrics, review competitor landing pages for different traffic sources identifying unique approaches to paid search, social media, and email campaigns, assess accessibility compliance, security features, and overall technical sophistication, document conversion optimization elements including call-to-action placement, form design, trust signals, and social proof implementation, and identify gaps in competitor user experience that represent opportunities for differentiation or improvement in your own digital presence.

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Screaming Frog SEO Spider

Technical SEO crawler for analyzing competitor website architecture, identifying technical issues, and auditing on-page elements.

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Step 3: Research Competitor Keywords and SEO Strategy

Mike Johnson: "Pro tip: Make sure to double-check this before moving to the next step..."

Identify competitor organic search strategies, keyword targets, and content gaps to inform your SEO approach. Example: Use Ahrefs or SEMrush to analyze competitor organic keyword rankings identifying their most valuable traffic-driving terms, discover keyword gaps where competitors rank but you don't, revealing untapped opportunities, analyze competitor content strategy by examining which pages drive most organic traffic and their content themes, evaluate competitor backlink profiles identifying their most powerful link sources and potential link building opportunities, review competitor featured snippet strategies and structured data implementation for enhanced SERP visibility, analyze competitor local SEO tactics including Google My Business optimization, local citations, and location-based content, examine seasonal keyword trends and how competitors adjust content calendar around peak search periods, identify competitor long-tail keyword strategies and niche topic coverage, and document competitor content clusters and pillar page strategies to understand their topical authority building approach.

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SEMrush Professional Plan

Comprehensive competitive intelligence platform with keyword research, backlink analysis, traffic analytics, and competitor advertising insights.

Ahrefs Standard Plan

Advanced SEO and competitor analysis tool specializing in backlink research, keyword tracking, and content gap analysis.

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Step 4: Examine Competitor Paid Advertising Campaigns

Analyze competitor paid search, social media advertising, and display campaigns to understand their acquisition strategies and budget allocation. Example: Use SpyFu to research competitor Google Ads campaigns including keyword bidding strategies, ad copy variations, and estimated advertising spend, analyze competitor Facebook and Instagram advertising through Facebook Ad Library examining creative approaches, messaging strategies, and campaign duration patterns, identify competitor advertising seasonal patterns and promotional strategies throughout the year, examine competitor landing page experiences for paid traffic identifying conversion optimization tactics and offer strategies, research competitor retargeting and remarketing campaigns across different platforms and audiences, analyze competitor video advertising on YouTube and other platforms including content themes and targeting approaches, evaluate competitor display advertising placement and programmatic strategies across relevant industry websites, document competitor advertising budget allocation across channels and identify which platforms they prioritize for customer acquisition, and track competitor advertising performance metrics where available including estimated click-through rates and engagement levels.

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SpyFu Professional

Competitor keyword and advertising research tool focused on PPC campaigns and organic search strategies.

Facebook Ad Library

Free database of active and inactive Facebook and Instagram ads for competitive advertising research and creative analysis.

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Step 5: Assess Competitor Content Marketing and Social Media Strategy

Evaluate competitor content strategies, social media presence, and audience engagement tactics across all relevant channels. Example: Use BuzzSumo to analyze competitor most-shared content identifying viral content patterns, topics that resonate with audiences, and optimal content formats, examine competitor blog content strategy including posting frequency, content categories, author expertise, and audience engagement levels, analyze competitor social media presence across platforms evaluating follower growth, engagement rates, content themes, and community management approaches, research competitor email marketing strategies by subscribing to newsletters and analyzing email frequency, content types, and promotional strategies, evaluate competitor video content strategy including YouTube presence, webinar programs, and video marketing across social platforms, analyze competitor influencer partnerships and collaboration strategies within your industry, document competitor content calendar patterns identifying optimal posting times, seasonal content themes, and event-based marketing approaches, examine competitor user-generated content strategies and community building initiatives, and assess competitor thought leadership positioning through speaking engagements, industry publications, and expert positioning.

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Buzzsumo Pro

Content marketing intelligence platform for analyzing competitor content performance, social media engagement, and influencer research.

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Step 6: Monitor Competitor Pricing and Product Positioning

Track competitor pricing strategies, product offerings, and market positioning to identify competitive advantages and market opportunities. Example: Implement systematic pricing tracking for direct product/service comparisons including base prices, promotional pricing, and package deal structures, analyze competitor value proposition messaging and how they position against different market segments, evaluate competitor product feature comparisons, service level offerings, and unique selling propositions, research competitor customer testimonials, case studies, and social proof strategies to understand their positioning strengths, examine competitor partnership strategies, integration capabilities, and ecosystem positioning, monitor competitor pricing changes over time identifying seasonal patterns, competitive responses, and market positioning shifts, analyze competitor guarantee policies, return policies, and risk-reduction strategies that influence purchase decisions, evaluate competitor upselling and cross-selling strategies through their sales funnel and customer journey analysis, document competitor market positioning statements, brand messaging evolution, and competitive differentiation claims, and assess competitor customer segment targeting and vertical market specialization strategies.

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Competitor Price Tracking Software

Automated price monitoring tool for tracking competitor pricing strategies, promotions, and inventory changes.

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Step 7: Evaluate Competitor Customer Experience and Reviews

Analyze competitor customer feedback, review patterns, and service quality indicators to identify market gaps and improvement opportunities. Example: Systematically review competitor ratings and reviews across Google My Business, Yelp, industry-specific review sites, and social media platforms, analyze common customer complaints and praise patterns identifying consistent service strengths and weaknesses, evaluate competitor customer support channels including response times, support quality, and multi-channel support availability, research competitor customer onboarding processes, training resources, and success programs, examine competitor loyalty programs, retention strategies, and customer lifetime value optimization approaches, analyze competitor crisis management and negative review response strategies, evaluate competitor customer community building including forums, user groups, and customer advocacy programs, monitor competitor customer satisfaction surveys, Net Promoter Scores, and publicly available customer success metrics, document competitor customer journey touchpoints from awareness through retention and advocacy stages, and identify unmet customer needs in competitor offerings that represent market opportunities for differentiation.

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Brand24 Plus

Social media monitoring and brand mention tracking tool for competitive sentiment analysis and reputation monitoring.

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Step 8: Synthesize Findings and Develop Strategic Recommendations

Compile comprehensive competitive analysis into actionable strategic recommendations with prioritized opportunities and tactical implementation plans. Example: Create competitive positioning matrix comparing your organization against key competitors across critical success factors including price, features, market share, and customer satisfaction, identify immediate tactical opportunities including keyword gaps to target, content topics to develop, and advertising strategies to test, develop long-term strategic recommendations addressing market positioning, product development priorities, and competitive differentiation opportunities, prioritize recommendations based on potential impact, implementation difficulty, and resource requirements creating roadmap for competitive response, document competitive threats requiring immediate attention and defensive strategies to protect market position, create ongoing competitive monitoring framework including key metrics to track, alert systems for competitor changes, and regular review schedules, prepare executive summary highlighting most critical competitive insights and their business implications for stakeholder communication, establish competitive intelligence sharing processes across marketing, product, and sales teams ensuring organizational alignment, develop contingency plans for likely competitive scenarios including new market entrants, price wars, and disruptive innovations, and create measurement framework for tracking competitive positioning improvements and market share changes over time.

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Competitor Analysis Spreadsheet Template

Comprehensive Excel/Google Sheets template for organizing competitor research data, tracking metrics, and analyzing findings.