Complete Guide About Competitor Website Analysis For Beginners

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If one of your competitors is expanded their business with some new digital strategy for driving up their profits, you can do the same for your business. But, how to learn about the competitor’s news strategies in the first place? The simple answer is, by analyzing the website of the competitors and collecting the information about new or more effective tactics that the others are using in their marketing strategies. In this guide, we will learn from the start about the competitor website analysis for beginners which will help you in staying competitive while achieving your business goals.

What’s Competitor Website Analysis?

As its name suggests, it’s the method of analyzing the different digital marketing methods or tactics other businesses use in their plans which have brought a rise in sales and hence profits.

The aim to know about competitor’s tactics involves different types of analysis, and the methods to monitor other’s digital steps include studying keyword search results, software-driven study, full website analysis, or any other way to stay informed about competitor’s new movements.

Why Should You Do?

Your competitors must be looking for different ways to stay competitive in the market. So they try to keep implementing innovative marketing tactics and this may give an edge to them in the business. If they use any tactic which becomes successful then you must respond to it accordingly.

One more advantage of competitor website analysis for beginner is you can always find out certain marketing methods or you can make certain clever changes in some of the regular digital marketing plans which your current competitors haven’t explored or implemented yet.

Competitor website analysis helps you to know more about the weak nerves of other businesses that you can consider while optimizing your next campaign to take the leading position in the market and keep your business ahead of others.

How to Conduct Analysis? 

Once you set certain goals, you are ready to start competitor website analysis. But what exactly do are supposed to do in the competitor website analysis?

The next three steps will help you to do a competitor analysis and you can follow it carefully to analyze your competitors’ websites.

  1. Find the Competitors

There are many similar businesses around all of us. But not all of them are competitors. Before taking first and doing any other thing, start making a list of your immediate competitors.

If asked at this moment, you can be able to mention a couple of direct competitors, and if that 100% true then start penning down their names according to the degree of competitors that you experience from certain businesses and put such names at the top place in the list. But, you may miss out few competitors if you skip one step, and that is research.

Start searching for the businesses with the help of top keywords and consider the ranking of your competitors on the search engine. For instance, if you are selling platinum ornaments in Mumbai, try searching “Top Platinum Jeweler in Mumbai”.

In this way, you can make a solid list of your top competitors.

  1. Set Goals for Analysis 

Before starting the search, you must have a clear plan of what you are looking for on the competitors’ website. You can’t just visit any website because scrolling the pages on any website with no certain aim won’t fetch a very good result.

Do consider few things which are mentioned below as a reference that you can search once you land upon the competitors’ website:

  • Top keywords in your business domain
  • Blog post format and topics
  • Different plugins or tools on the web page
  • External resources used
  • Backlink on the homepage
  • Type of pop-ups
  • CTAs and email forms
  • Website design
  • Page speed, user interface
  • Other key external resources

The points to consider depends on your goal. With such a goal, it is now much more effective to study websites and gather the required information.

  1. Competitor’s SWOT Analysis 

With the goal list of competitors and goals, it is time to start working on the analysis part. You need to conduct the SWOT analysis by asking certain questions to get information about their business position.

If you are trying to know the top keywords that your competitors use in their blogs, then ask a few questions given below.

  1. Which keywords are used multiple times and brought more business?
  2. What keywords are good but the competitor isn’t using them?
  3. What type of keyword competitors have stopped using now?
  4. Are there any keywords that your competitor is focusing on which may become a threat for you?
  5. What are the most common keywords that both your and competitors haven’t utilized yet?

If you conduct a SWOT analysis, you will get a 360-degree view of competitors that can help you to create a path for your business marketing.

Use of Tools for Analysis

It is not necessary to do everything by own. There are a number of third-party service providers who will take this responsibility on their shoulders, of course at some cost. Just scrolling websites and gathering surface-level data isn’t sufficient. So few tools such a SpyFuSEMrush, or Alexa are great options that can give you detailed insights and they are powerful tools for monitoring the competitors because of their expertise in digging deeper into the available information on the competitors’ website.

The right use of the above methods combined with some powerful tools can project certain changes in your marketing that can surely help to beat the competition and make more data-driven decisions in your digital marketing strategy.

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Complete Guide About Competitor Website Analysis For Beginners

If one of your competitors is expanded their business with some new digital strategy for driving up their profits, you can do the same for your business. But, how to learn about the competitor’s news strategies in the first place? The simple answer is, by analyzing the website of the competitors and collecting the information about new or more effective tactics that the others are using in their marketing strategies. In this guide, we will learn from the start about the competitor website analysis for beginners which will help you in staying competitive while achieving your business goals.

What’s Competitor Website Analysis?

As its name suggests, it’s the method of analyzing the different digital marketing methods or tactics other businesses use in their plans which have brought a rise in sales and hence profits.

The aim to know about competitor’s tactics involves different types of analysis, and the methods to monitor other’s digital steps include studying keyword search results, software-driven study, full website analysis, or any other way to stay informed about competitor’s new movements.

Why Should You Do?

Your competitors must be looking for different ways to stay competitive in the market. So they try to keep implementing innovative marketing tactics and this may give an edge to them in the business. If they use any tactic which becomes successful then you must respond to it accordingly.

One more advantage of competitor website analysis for beginner is you can always find out certain marketing methods or you can make certain clever changes in some of the regular digital marketing plans which your current competitors haven’t explored or implemented yet.

Competitor website analysis helps you to know more about the weak nerves of other businesses that you can consider while optimizing your next campaign to take the leading position in the market and keep your business ahead of others.

How to Conduct Analysis? 

Once you set certain goals, you are ready to start competitor website analysis. But what exactly do are supposed to do in the competitor website analysis?

The next three steps will help you to do a competitor analysis and you can follow it carefully to analyze your competitors’ websites.

  1. Find the Competitors

There are many similar businesses around all of us. But not all of them are competitors. Before taking first and doing any other thing, start making a list of your immediate competitors.

If asked at this moment, you can be able to mention a couple of direct competitors, and if that 100% true then start penning down their names according to the degree of competitors that you experience from certain businesses and put such names at the top place in the list. But, you may miss out few competitors if you skip one step, and that is research.

Start searching for the businesses with the help of top keywords and consider the ranking of your competitors on the search engine. For instance, if you are selling platinum ornaments in Mumbai, try searching “Top Platinum Jeweler in Mumbai”.

In this way, you can make a solid list of your top competitors.

  1. Set Goals for Analysis 

Before starting the search, you must have a clear plan of what you are looking for on the competitors’ website. You can’t just visit any website because scrolling the pages on any website with no certain aim won’t fetch a very good result.

Do consider few things which are mentioned below as a reference that you can search once you land upon the competitors’ website:

  • Top keywords in your business domain
  • Blog post format and topics
  • Different plugins or tools on the web page
  • External resources used
  • Backlink on the homepage
  • Type of pop-ups
  • CTAs and email forms
  • Website design
  • Page speed, user interface
  • Other key external resources

The points to consider depends on your goal. With such a goal, it is now much more effective to study websites and gather the required information.

  1. Competitor’s SWOT Analysis 

With the goal list of competitors and goals, it is time to start working on the analysis part. You need to conduct the SWOT analysis by asking certain questions to get information about their business position.

If you are trying to know the top keywords that your competitors use in their blogs, then ask a few questions given below.

  1. Which keywords are used multiple times and brought more business?
  2. What keywords are good but the competitor isn’t using them?
  3. What type of keyword competitors have stopped using now?
  4. Are there any keywords that your competitor is focusing on which may become a threat for you?
  5. What are the most common keywords that both your and competitors haven’t utilized yet?

If you conduct a SWOT analysis, you will get a 360-degree view of competitors that can help you to create a path for your business marketing.

Use of Tools for Analysis

It is not necessary to do everything by own. There are a number of third-party service providers who will take this responsibility on their shoulders, of course at some cost. Just scrolling websites and gathering surface-level data isn’t sufficient. So few tools such a SpyFuSEMrush, or Alexa are great options that can give you detailed insights and they are powerful tools for monitoring the competitors because of their expertise in digging deeper into the available information on the competitors’ website.

The right use of the above methods combined with some powerful tools can project certain changes in your marketing that can surely help to beat the competition and make more data-driven decisions in your digital marketing strategy.

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Services

Related Posts

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