A competitive analysis is a way of understanding your position in the market and identifying opportunities for growth. It helps you stay ahead of the competition by tracking pricing, products, and trends. A competitive analysis template can streamline this process, allowing you to focus on the insights rather than the structure.
Before you start creating your own competitive analysis, check out these competitive analysis templates on Notion to help make it easier.
What Makes a Great Competitive Analysis?
Creating a competitive analysis involves considering numerous variables to gain valuable insights. A well-crafted analysis can help you stay ahead of the competition and identify growth opportunities.
Competitor Identification: Determine your main competitors and analyze their market position.
Product/Service Comparison: Evaluate the strengths and weaknesses of your competitors' offerings.
Pricing Analysis: Examine competitors' pricing strategies and identify potential opportunities.
Marketing Strategies: Assess the effectiveness of competitors' marketing efforts and channels.
Customer Perception: Understand how customers view your competitors and their products/services.