7 Easy Steps on How to Perform a Competitor Analysis
Вставка
- Опубліковано 13 чер 2024
- Contact us: www.lyfemarketing.com/digital...
Do you want to stay ahead of your competition? You should be doing regular competitor analysis for your business! In this video, we will be walking you through the process of how we conduct competitor analyses.
Subscribe: bit.ly/36gszTL
[Most Popular Uploads]:
➡ How to Increase Facebook Engagement: • How to Increase Facebo...
➡ Marketing for Small Business: Effective Marketing Strategies: • Marketing for Small Bu...
➡ The Ultimate Guide To Facebook Marketplace (w/ Tips): • The Ultimate Guide To ...
➡ The Full And Updated Guide To Facebook Reels: Tutorials + Best Practices: • The Full And Updated G...
➡ Facebook Reels Monetization: How to Get Started: • Facebook Reels Monetiz...
Are you tired of reacting to changes in the market or customer needs instead of being ahead of the curve?
You can avoid that by doing regular competitor analysis. Let us show you how.
If you haven’t completed a competitor analysis before, you’re in for a treat!
We're going to walk you through the process, including what we ask ourselves, and using a fake business so you can see how to apply it.
Let’s get started!
Video Outline
Intro (0:00)
What Is A Competitor Analysis (0:37)
Why Bother Doing A Competitor Analysis (0:51)
How Often You Should Perform A Competitor (1:56)
How To Perform A Competitor Analysis (2:12)
Videos Mentioned
➡ How To Perform A SWOT Analysis: • SWOT Analysis: How to ...
// LYFE Marketing
➡ Check out our Social Media Advertising Course: www.lyfemarketing.com/social-...
➡ We're LYFE Marketing, a full-time digital marketing agency for small businesses. We help people grow online through various marketing channels. We help you de-code if advertising is the right fit for your growth trajectory, or see if organic growth is more of your speed. Regardless, our goal is to build a massive portfolio of success stories. So one day, we can look back and say that we made a difference in the world. This channel will provide you with good tips and suggestions for a large range of marketing topics. And we're not holding back. But if you want a tailored strategy, then don't hesitate to contact us on our website. - Розваги
Current intern at a financial firm and tasked with this and I’m a complete newbie thank you!
I am currently an intern on an Advertising Agency and I was tasked to do a Competitor analysis. I am still a newbie and my supervisor didn't teach me... I haven't encountered making this because I was more focused on creating Sales Reports. Thanks for this video, finally I won't get lost!
No problem!! Best of luck!
You and me both haha
This is excellent advice and even though as a business we already practice some of this it's so easy to get complacent and take your eye off the ball. I totally agree that this should be done a minimum of every 6months. Thank you team LYFE!
Absolutely!!
Thanks for the content Morgan.. I was surprised to see you actually walked us through the process instead of just telling the audience how your company/applications can do it for you. Really great
So glad you found it helpful! All of the videos on our channel are meant to be educational and as helpful as possible :)
So underrated video. Detailed walkthrough. Thanks 🎉
Glad you enjoyed it!
Great content! I enjoyed this video greatly and am looking forward to the others to sharpen my digital skills. I have been in the field around 5 years now and I love it. I just subscribed. God bless 😃
Awesome! Thanks for the sub!!
Great video! A concise checklist of things to research even without semrush, sistrix etc. awesome!
Glad it was helpful!
This was great! Thank you so much!
You're welcome!
This is amazing, thank you!!
Glad you found it helpful! Be sure to subscribe if you haven't already!
Great video! Thank you so much!
Glad it was helpful!
You just nailed it. I love it.
Glad to hear it! Be sure to subscribe if you haven't already!
Impressive content! Very practical and easy to follow
So glad to hear! Be sure to subscribe if you haven't already!
Thanks, it helped! 🙂
Glad it helped!
Amazing ⭐
Great article! Personally I especially use WASK's competitor analysis tool and I highly recommend it.Thank you for sharing friend!
Awesome, thank you!
Great way of explaination❤
Glad you liked it, thanks for watching!
Thank you for your content. How do you find your competitor's revenue streams? To give you a context, I am doing a competitor analysis for SaaS companies. The terms and conditions are not necessarily on the website and we usually have to pay for the service ($$$$), or at least have a demo call prior to gaining access to the product.
You may be able to access public tax records or revenue information depending on your location. I would start with a Google search of "public business tax information [your location]" to see what you can find. Hope that helps!
Next steps to try to get information when tax records are NOT public?
Also how do we get market share data for a relatively small service sector?
Thank you so much, very helpful, do you have a google analytics competitive analysis, I don't know how that works would like to learn about that side of analysis too
This is noted for a future video. Thanks!
Hi there! Yes we do: ua-cam.com/video/9PRUI54z9GY/v-deo.html
Thank you so much
I really got helpful with this
You're very welcome!
which country do you belong to?
The United States. We are based in Atlanta, Georgia.
It got helpful again thank you
Thank you for your video. Your Engish is so natural. Would you recommend to replicate what your top - competitors do ?
Thank you! And yes follow what your top competitors are doing but do it better!
Very good content!
Glad you think so!
Great video
So glad you found it helpful!
really helpful video
Great to hear!
great!
Thank you! Be sure to subscribe if you haven't already!
If I am doing competitor analysis then my competitors are also doing. They will see my moves and I will too. How will it help us ? I will offer what they aren't & they will too. There might be the limit of doing competitor analysis.
Hey there, interesting thought! The only thing I would add is that not all of your competitors are guaranteed to be doing one of these. You'd be surprised at how many businesses neglect real marketing efforts! But yes, we should always be on the lookout for novel marketing and business opportunities :)
@@LYFEMarketingAtlanta Thanks! Let's explore more. If they are neglecting then why are they in the business and surviving? One more bitter question...Why is ur channel not growing despite u helping clients to grow digitally ?
How can I apply for your training. Also how can I pay for your ads services in case I want to create ads.
Hello! Please contact us here: www.lyfemarketing.com/contact-us/ We look forward to hearing from you!
Great
Thank you!
5:35
my assignment is Start with analysis report.. and then make strategy? how to make someone help me ?
Hey! If you need some resources on putting together a strategy we have a whole playlist dedicated to doing exactly that: ua-cam.com/play/PL-DAplYj3NS_PfY70mYxYS_FMLpht_TYx.html&si=1lxFnMeoLOhBC3NS
Hope this helps!
Really Awesome! Any one can succeed in business if following great advise>> I love this one. I want as same as Niche selection video for e-commerce & Amazon market place, Please, Please >>
Glad to hear it was helpful!
@@LYFEMarketingAtlanta If possible Please upload the Niche selection video for e-commerce>>>
Didn't love the spontaneous ad in the middle.
Sorry to hear that! Hopefully you found the rest of the video helpful!