7 Easy Steps on How to Perform a Competitor Analysis

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  • Опубліковано 3 гру 2024

КОМЕНТАРІ • 81

  • @classyirish9877
    @classyirish9877 2 роки тому +28

    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!

  • @TikTrekker
    @TikTrekker 5 місяців тому +2

    Current intern at a financial firm and tasked with this and I’m a complete newbie thank you!

  • @georgewilley9609
    @georgewilley9609 7 місяців тому +6

    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

    • @LYFEMarketingAtlanta
      @LYFEMarketingAtlanta  7 місяців тому

      So glad you found it helpful! All of the videos on our channel are meant to be educational and as helpful as possible :)

  • @PocketProjects
    @PocketProjects 2 роки тому +8

    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!

  • @mariavoronych5434
    @mariavoronych5434 Місяць тому

    This is definitely the best video on this topic. Really thankful for the quality information!

  • @toktamsalari3715
    @toktamsalari3715 3 місяці тому

    Thank you. Do you have any course related to this video?

  • @aljondeepateno07
    @aljondeepateno07 2 місяці тому

    Thanks for this video. I've learned a lot!

  • @pashamatviiko
    @pashamatviiko 8 місяців тому

    Thank you for your video. Your Engish is so natural. Would you recommend to replicate what your top - competitors do ?

    • @LYFEMarketingAtlanta
      @LYFEMarketingAtlanta  8 місяців тому

      Thank you! And yes follow what your top competitors are doing but do it better!

  • @shumtabrez
    @shumtabrez 9 місяців тому

    You just nailed it. I love it.

    • @LYFEMarketingAtlanta
      @LYFEMarketingAtlanta  9 місяців тому +1

      Glad to hear it! Be sure to subscribe if you haven't already!

  • @orls9068
    @orls9068 Рік тому

    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

  • @kallanaBr
    @kallanaBr 2 роки тому +1

    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.

    • @LYFEMarketingAtlanta
      @LYFEMarketingAtlanta  2 роки тому

      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!

    • @jordang8317
      @jordang8317 Рік тому

      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?

  • @ishwarinakhwa2502
    @ishwarinakhwa2502 9 місяців тому

    Great way of explaination❤

  • @ataberdi2064
    @ataberdi2064 Рік тому

    So underrated video. Detailed walkthrough. Thanks 🎉

  • @MrObeytok
    @MrObeytok Рік тому

    This is amazing, thank you!!

    • @LYFEMarketingAtlanta
      @LYFEMarketingAtlanta  Рік тому

      Glad you found it helpful! Be sure to subscribe if you haven't already!

  • @mightyTYP
    @mightyTYP 8 місяців тому

    Great video! Thank you so much!

  • @TheMarketingMan4U
    @TheMarketingMan4U 6 місяців тому +1

    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.

    • @LYFEMarketingAtlanta
      @LYFEMarketingAtlanta  5 місяців тому +1

      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 :)

    • @TheMarketingMan4U
      @TheMarketingMan4U 5 місяців тому +1

      @@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 ?

    • @LYFEMarketingAtlanta
      @LYFEMarketingAtlanta  4 місяці тому +1

      Hey again! Our channel is growing actually :) And beyond vanity UA-cam metrics, we get real clients from UA-cam every month which is the ultimate goal.

  • @shakirahtahir399
    @shakirahtahir399 Рік тому

    Impressive content! Very practical and easy to follow

  • @MohamedMostafa-vb7fh
    @MohamedMostafa-vb7fh 8 місяців тому +1

    Great video

  • @vidhyadharsansare7278
    @vidhyadharsansare7278 5 місяців тому

    Dear Morgan
    I'm your subscriber from India, I love your video! My question is I'm learning blogging now days!
    1) How to find out or analysis my competitor blog like
    1) Which writing tone he use
    2) which types of voices (grammarly) he use
    3) How to cross check grammar aspect of his blogg.
    4) how many tenses he use in his blogg?
    5) which grad use writing time?
    6) How to find of his artists LSI keyboard,
    7)his NLP keyboard styles?
    Overall his blogg analysis so we can use same think in our blogg
    Don't tell me Headline, words count, becoz this think show us "Quick SEO" Or other Google Chrome extension free of cost?
    But basic structure grammerly, tone, voices, tenses, everything how to know from my competitor rankings article?
    Please replay on this 👆 all question?
    ❤Love you so much❤
    🙏Thanks,🙏

    • @LYFEMarketingAtlanta
      @LYFEMarketingAtlanta  5 місяців тому +1

      Hey there! That's a great question. The most surefire method to determine all of the things you're looking for is to manually study your competitor's blog and just take note. But we also have this video on how to generate 10K visitors for a brand new blog that I think will be a helpful watch for you: ua-cam.com/video/cJ00X-tM5NQ/v-deo.html

  • @jondarling
    @jondarling 2 роки тому

    Great video! A concise checklist of things to research even without semrush, sistrix etc. awesome!

  • @victorodohson5952
    @victorodohson5952 Рік тому

    How can I apply for your training. Also how can I pay for your ads services in case I want to create ads.

    • @LYFEMarketingAtlanta
      @LYFEMarketingAtlanta  Рік тому +1

      Hello! Please contact us here: www.lyfemarketing.com/contact-us/ We look forward to hearing from you!

  • @ceydanursudurag4667
    @ceydanursudurag4667 2 роки тому

    Great article! Personally I especially use WASK's competitor analysis tool and I highly recommend it.Thank you for sharing friend!

  • @Chaitanya6920
    @Chaitanya6920 2 роки тому

    Thank you so much
    I really got helpful with this

  • @vintageretromanmusic_official
    @vintageretromanmusic_official 2 роки тому +1

    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 😃

  • @AbdelrhmanAbozeid
    @AbdelrhmanAbozeid 6 місяців тому

    Amazing ⭐

  • @NoYouTubeBrittany
    @NoYouTubeBrittany 2 роки тому

    This was great! Thank you so much!

  • @harshmanik8226
    @harshmanik8226 2 роки тому +1

    Thanks, it helped! 🙂

  • @abidali-pj8ko
    @abidali-pj8ko Рік тому

    my assignment is Start with analysis report.. and then make strategy? how to make someone help me ?

    • @LYFEMarketingAtlanta
      @LYFEMarketingAtlanta  11 місяців тому

      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!

  • @sohamkushe4780
    @sohamkushe4780 Рік тому +1

    great!

  • @Mari-pr7br
    @Mari-pr7br Рік тому +1

    5:35

  • @divyavijayakumar5317
    @divyavijayakumar5317 2 роки тому

    Very good content!

  • @candlepower7798
    @candlepower7798 Рік тому

    really helpful video

  • @NaziaKhan-kh7yo
    @NaziaKhan-kh7yo Рік тому

    Great

  • @nhorielynabonita1101
    @nhorielynabonita1101 3 місяці тому

    can you my help to my research😢

    • @LYFEMarketingAtlanta
      @LYFEMarketingAtlanta  3 місяці тому

      Hey there! If you are interested in us handling your social media marketing for you, you can request a free, custom proposal and quote from us here: www.lyfemarketing.com/contact-us/

  • @abidhasan1645
    @abidhasan1645 7 місяців тому

    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 >>

    • @LYFEMarketingAtlanta
      @LYFEMarketingAtlanta  7 місяців тому

      Glad to hear it was helpful!

    • @abidhasan1645
      @abidhasan1645 7 місяців тому

      @@LYFEMarketingAtlanta If possible Please upload the Niche selection video for e-commerce>>>

  • @timcampbellsms
    @timcampbellsms 10 місяців тому

    Didn't love the spontaneous ad in the middle.

    • @LYFEMarketingAtlanta
      @LYFEMarketingAtlanta  10 місяців тому

      Sorry to hear that! Hopefully you found the rest of the video helpful!