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If you are having trouble analyzing your competitors, then we have exactly what you need. Our professionally made competitive analysis templates will help you acquire all the information that can help you gain that competitive edge! Document size won't be an issue as they all come in the standard A4 and US formats. Also, they can all be opened in all versions of Apple Pages. This means that they're easily editable and can be customized in any way to suit your needs. So take this opportunity and start downloading them now or you can join any of subscription plans to enjoy all of our high-quality templates today!
A competitive analysis is a type of analysis that helps you acquire information on any of your competitors in the industry. Essentially, it can help you figure out things like what products they sell or even how they manage their websites and social media pages. So whether you're in charge of a coffee shop, restaurant, or even a retail store, know that you'll need to conduct a competitive analysis if you want to keep your business alive.
What you need to do first is to make a list of the businesses that you consider as a threat to your own. Whether they are large corporations, small businesses, or even bustling startups, it is important to list down the ones who already have a control on the industry or ones with the potential of being serious competition. Write down the complete names of each one and organize it in a manner showing who you should prioritize during the analysis process.
Although you may already know who you are going up against, you also need to look into the industry you're in to see if there's still anything to gain from it. Look into everything from the areas of opportunity that have yet to be taken advantage of and determine whether or not there is still room for businesses to grow.
Remember that the more you understand your competitors, the better you can figure out ways to gain the edge against them. Start by looking into their strengths. What is it that they're doing to continuously attract their current and new customers? Learning this might help you see if you have similar strengths or if you can capitalize on using the same strategies that work for them. As for their weaknesses, you basically have to look into what it is that they are doing wrong. One way to do this is by going through reviews that customers leave about them and what they have to offer. It should tell you what you need to avoid doing or if you have any similar weaknesses that you need to change right away.
This is as simple as gathering all of the data that you have managed to collect and utilizing the results of your analysis to see where your business stands. It can help you make important decisions such as taking advantage of opportunities that may have seemed too risky before or coming up with new marketing strategies to attract more customers.
If you're a Mac user, then Apple Pages is definitely the program of choice. Utilize the tool and whatever options it has available to help you create a professional and organized competitive analysis document. Just be sure to learn how to properly format everything so that readers will have an easy time understanding and going through what you've written.