Best 10 Competitive Analysis Templates for Product Strategists

Competitive analysis enables Product Strategists to identify their competitors' strengths and weaknesses and understand market trends. This process is foundational in developing strategies to improve product positioning and performance. A Competitive Analysis Notion template could streamline this process by organizing data collection and analysis, ensuring a comprehensive understanding of the competitive landscape.

Before you start creating your own Competitive Analysis template, consider exploring these Competitive Analysis examples below to facilitate a smoother journey.

What Should Competitive Analysis Templates Include?

Choosing the right competitive analysis template can streamline your strategic planning and provide deep insights into your market. Here are key components to look for in an effective template:

  1. Market Overview: This section should provide a comprehensive view of the industry, including market size, growth rate, and key trends. It helps in understanding the broader context in which the competitors operate.

  2. Competitor Profiles: Detailed profiles of each major competitor, including their business strategies, revenue models, and market share. This helps in identifying direct and indirect competitors and their strengths and weaknesses.

  3. SWOT Analysis: A template should include a SWOT analysis section to evaluate the strengths, weaknesses, opportunities, and threats related to each competitor. This aids in strategic positioning.

  4. Comparative Feature Analysis: A side-by-side comparison of key product or service features against those of competitors. This is crucial for highlighting competitive advantages or areas for improvement.

Ultimately, a well-structured competitive analysis template not only saves time but also equips product strategists with the necessary tools to make informed decisions.

What Should Competitive Analysis Templates Avoid?

Choosing the right competitive analysis template is crucial for effective market strategy planning. However, certain features can detract from the template's usefulness. Here are three key components to avoid:

  1. Overly Complex Metrics: Templates that include too many detailed metrics can be overwhelming and may detract from focusing on key competitive factors.

  2. Non-Customizable Fields: Avoid templates that do not allow you to modify fields. Flexibility is essential for tailoring the analysis to specific industry needs.

  3. Irrelevant Competitor Comparison: Ensure the template doesn't force comparisons that are not relevant to your market or business model, as this can skew the analysis.

Selecting a template that avoids these pitfalls will ensure a more streamlined and effective competitive analysis, helping to better inform strategic decisions.

1Competitive Analysis

Track and stay ahead of competitors operating in your market. Edit individual items to add notes, screenshots, etc. about each competitor.

A template preview for Competitive Analysis

2Competitor Analysis

Make sure your entire company understands your competitive landscape, where you're best in class, and where you still have room for growth. This is very helpful for keeping urgency high.

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A template preview for Competitor Analysis

3Feature market analysis

Quickly and elegantly identify differences between your product and primary competitors when it comes to features. Always have a sense of the market and where different players are innovating.

This can also help your sales team understand at a glance where they have opportunity to point out your product's unique advantages.

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A template preview for Feature market analysis

4SWOT Analysis

The template guides you through a systematic evaluation of Strengths, Weaknesses, Opportunities, and Threats associated with your project or initiative. also aids in the development of effective strategies to accomplish your goals. Through a clear understanding of the internal and external factors affecting your situation or idea, you can build a robust strategic plan that maximizes your strengths, addresses your weaknesses, leverages available opportunities, and mitigates potential threats.

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5Competitive Positioning Framework

Use this table to quickly compare your brand or company to the competitors in your industry and develop differentiated solution/benefit statements, core differentiators, category(s), and market position. Take a look at incumbents and well-established competitors as well as emerging disruptors and innovators in your space. You might also consider comparing your company to complementary brandsโ€”brands your customers may already be loyal to or use in conjunction with your product, such as an integration.

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6Competitor Battlecards

Knowing your competition is one key to success. With this Competitor Battlecards template, you can see the landscape, know your positioning, and set your company up to win.

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7Competitor UX analysis

UX competitive analysis focuses on evaluating and comparing the user experience elements of competitors' products or services, like navigation, information architecture, visual design, content quality, usability, and overall user satisfaction.

In this process, you'll create a list of competitors (check out a competitor page), examine their features compared to yours (feature audit), look at how users interact with their product and what challenges they face (UX analysis), and put together a visual board for inspiration from their design choices (benchmarking).

A template preview for Competitor UX analysis

8Notion Competitor Monitoring Template

Our Notion Competitor Monitoring Template will allow you to jumpstart your competitive analysis without starting from scratch. This template contains four pages including a SWOT Analysis, a competitor Kanban board, guiding questions, and a 100+ resource database. Stay ahead of your competition and start using competitor insights to your advantage.

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9Business Model Canvas

Business Model Canvas Template for Notion & FigJam
The Business Model Canvas splits a business model into 9 areas and invites you to brainstorm how your business will capitalize on each. Whether you're starting up a new business or trying to understand an existing one, the Business Model Canvas will help you map it out.

The Business Model Canvas is ideal for quick thinking and brainstorming with sticky notes, so grab your team and start thinking about:

Value Proposition. What does the business offer to meet the needs of its customers? What distinguishes it from its competitors? Is it something innovative? Price? Quality?

Key Activities. What does the business do to execute its value proposition?

Key Resources. What resources does the business have to give it an edge? People? Knowledge? Assets?

Key Partners. Does the business have any complimentary partnerships or relationships? Joint ventures or strategic alliances?

Customer Segments. Who are the customers? A niche market or mass appeal? Multiple different segments? Multi-sided market?

Customer Relationships. What sort of relationship will the business have with its customer segments? High touch sales? Self-service? Community-based?

Channels. What channels will the business use to get its value proposition to its customers? Marketing? Partnerships? Online or physical?

Cost Structures. How will the business expenses be structured? Fixed costs and variable costs? Economies of scale? Minimize costs or maximize value?

Revenue Streams. How will the business make money from its customers? Selling something? Subscription fees? Advertising?

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10Competitive Analysis Template

A competitive analysis is an assessment of our competitorโ€™s products & services to evaluate their strengths and weaknesses in comparison to ours. This template focuses on UX/UI analysis of competitors' products.

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Closing Thoughts

Utilizing these templates streamlines the process of understanding market dynamics and competitor strategies. This clarity can significantly enhance decision-making and strategic planning.

By adopting these tools, you position yourself to identify gaps in the market and uncover opportunities for innovation. Don't hesitate to integrate them into your workflow to see tangible improvements in your product strategy.

What is Market Positioning?

Market positioning refers to the process of establishing the image or identity of a brand or product so that consumers perceive it in a certain way.

What is SWOT Analysis?

SWOT Analysis is a strategic planning tool used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture.

What is Share of Voice?

Share of Voice measures the amount of the market your brand owns compared to your competitors, often used in digital marketing to assess brand visibility.

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