Remove Price Remove Pricing Remove Social Media Remove SWOT
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Competitor mapping: The benefits and how to create your own

Sprout Social

By visualizing opportunities, businesses can make strategic decisions when launching a new product/service or new social media marketing strategy. Competitive data unveils advantages and opportunities for your business by analyzing your competitors’ products, marketing strategy and social media.

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How to Run a SWOT Analysis for Your Business [Template Included]

Hubspot

A SWOT analysis is a useful technique to evaluate a new project or objective your business faces, or your business as a whole. Essentially, a SWOT analysis is a roadmap for how you should move forward with your business, which opportunities you’re missing out on, and which challenges you should tackle. What is a SWOT analysis?

SWOT 101
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How to Create a Strategic Plan for Your Small Business: Easy 4-Step Process

Biznology

Using the 4 Steps of a SWOT Analysis makes strategic planning easy, even if you’ve never done it before. I often conduct a SWOT with my clients and the results always yield actionable results. As you can see, a SWOT comprises four quadrants. Here’s how to create the SWOT: Strengths. Great pricing? The 4 Quadrants.

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How to build a competitive analysis report with examples and tools

Sprout Social

A social analytics tool like Sprout Social helps you conduct market research on social channels using advanced social media listening. Keep track of your competitors’ social strategies, find out what’s working in your market and learn how well customer needs are being met.

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How to conduct an effective competitive analysis in 7 steps

Tomorrow People

For example, they might be lowering their prices to incentivise more sales. Tip: Create SWOT analysis tables in order to visualise your competitors’ strengths, weaknesses, opportunities and threats in an easily interpretable and shareable way. This means you should look at their websites, blogs, emails, and social media.

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Competitive monitoring: tracking the competition to stay ahead

Sprout Social

What are they posting on social media? This includes keeping tabs on your competitors’ social media activity, pricing changes, marketing campaigns, product launches and more. For example, analyzing your competitor’s social media might reveal gaps in your own strategy. You need to know it all.

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Using Your Competitors’ Knowledge to Build Your Business

The Lead Agency

By understanding exactly who your competitors are, and what they are offering, you are best positioned to set your prices competitively and to market your products and services in a way that stands out. Utilising online tools such as Google Trends , SEMrush , or SimilarWeb aids in identifying digital competitors and their online presence.