What is the meaning of competitive analysis?

[Sallynguyen]

 Competitive analysis is the action of dentifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to those of your own product or service

[ngocptit]

Affordable analysis, as the name recommended it really is organization of a comparison of data between your website We are enhancing and that site who get ranking highly browsing results. It'll be a great way to obtain idea.

[TomClarke]

Competitive analysis is an assessment of the difference between a firm's performance and that of its competitors, and detection and examination of the factors that cause the difference.
A competitive analysis is a critical part of your company marketing plan. With this evaluation, you can establish what makes your product or service unique, and therefore what attributes you play up in order to attract your target market.

[96Livepro]

competitive analysis is the process of identifying the performance and marketing strategy of competitive brands or products in the market place. In order to plan an marketing strategy,marketers need to know about the competitive environment and to find out all they can about the competitors products,prices,communication channels,quality and service,to determine areas of competitive advantages and disadvantages.

[Kate Evans]

Competitive analysis is a system for understanding your business' trading in the marketplace in relation to your competition. As a result, with the help of competitive analysis you will be positioned to outshine your rivals and draw loyal customers.

[SankalpPatil]

Competitive analysis is nothing but the analysis of business.You forecast your business profitability, decide what combination of resources to use, assign the work order to different employees etc.By using Competitive analysis you can formulate how to run your business.

[mylofu]

Competitive analysis is an important aspect of seo process. There are various factors we can consider while Analyzing the competitors website includes which important keywords they perform well on search engine, traffic source, website structure, source of quality links they are getting, content optimization to check how they properly use of keywords in the content etc. You can check backlinks/site analysis using various free online tools.