Competitor Analysis &Marketing Plan
1. ldentifying Real Audience
Identify the new audience that you need to be targeting by studying your competitor's strategy.
2. Predict Market Trends
You can get an opinion as to which productiservice is on the rise & will be in huge demand.
3. SWOT Analysiss
Analyze strengths, weaknesses, opportunities and threats of your business to identify shirtcomings.
4. Analyzing Brand Reach
Familiarise yourself with your target audience well to increase your brand impact and reach.
5. Know Your Competitor's Market
Tour competitors market is also your potential market; examine what makes them better.
6. Know Their strengths & Weakness
Examine your competitors strategy to see what made their customers fall in love with their brand.