Top Competitive Analysis Templates for Product Analysts

Competitive analysis is a method that helps Product Analysts understand their competitors and the market environment. By identifying the strengths and weaknesses of competitors, analysts can develop strategies to improve their own products and position in the market. Competitive Analysis Notion templates streamline this process by providing a structured approach to gathering, organizing, and analyzing information, making it more efficient and effective.

Before starting to create your own Competitive Analysis template, it might be beneficial to explore these Competitive Analysis Notion templates to simplify the process.

What Should Competitive Analysis Templates Include?

Choosing the right competitive analysis template can streamline your market research and provide crucial insights into your competitors. Here are key components to look for in a high-quality template:

  1. Market Overview: This section should provide a broad view of the industry, including market size, growth trends, and key players. It sets the stage for deeper analysis.

  2. Competitor Benchmarking: Essential for comparing your product features, pricing, and market position against those of your competitors. Look for templates that facilitate side-by-side comparisons.

  3. SWOT Analysis: Strengths, weaknesses, opportunities, and threats should be clearly outlined to help identify strategic advantages and areas for improvement.

  4. Customer Segmentation: Understanding who the competitors are targeting helps in tailoring your strategies to meet the needs of different customer groups more effectively.

Selecting a comprehensive template equipped with these components will empower you to make informed decisions and strategically position your product in the market.

What Should Competitive Analysis Templates Avoid?

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

  1. Overly Complex Metrics: Templates that include too many intricate metrics can be overwhelming and may obscure important data rather than clarifying it.

  2. Non-Customizable Fields: Avoid templates that don't allow you to modify fields. Flexibility is essential for tailoring the analysis to specific competitive landscapes.

  3. Irrelevant Competitor Categories: Templates should not pre-define competitor categories that are not applicable to your industry, as this can lead to irrelevant comparisons.

Remember, the best templates are those that provide clarity and adaptability, helping you to focus on strategic insights that drive decision-making.

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

3SWOT 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.

A template preview for SWOT Analysis

4Feature 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

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 brands—brands your customers may already be loyal to or use in conjunction with your product, such as an integration.

A template preview for Competitive Positioning Framework

6Etsy Business Comparative / Competitive Analysis

This template provides a condensed comparative analysis, presenting key data points for a side-by-side evaluation of entities or businesses within the same niche in the context of competitive analysis. Relevant data such as Original Price, Discount, Listing Age, Tags or Keywords, Cancellation Accepted, Ad, Star Seller, Sales, Listings, Reviews, Social Channels, and more have been pre-defined. Items are grouped per Category (or Product) as shops usually sell products of different categories. You may add properties such as Shipping, Custom Order and other info that you may find helpful.

A template preview for Etsy Business Comparative / Competitive Analysis

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

8Competitor 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.

A template preview for Competitor Battlecards

9Competitive Analysis Template

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

A template preview for Competitive Analysis Template

10Notion 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.

A template preview for Notion Competitor Monitoring Template

Closing Thoughts

Utilizing these templates streamlines the process of gathering and analyzing competitor data, allowing for quicker strategic decisions. They provide a structured approach to identify market trends and competitor strategies effectively.

Implementing these tools can significantly enhance your analytical capabilities, offering a clearer perspective on your competitive landscape. Start integrating them into your workflow today to see measurable improvements in your product analysis.

What is a SWOT Analysis?

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

What is a Porter’s Five Forces?

Porter's Five Forces is a model that identifies and analyzes five competitive forces that shape every industry, and helps determine an industry's weaknesses and strengths.

What is a PESTLE Analysis?

PESTLE Analysis is a framework used to assess the external macro-environmental factors that might impact a business, including Political, Economic, Social, Technological, Legal, and Environmental influences.

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