You Must Understand what Your Competitors are Doing & Who They Are
You need to understand competitive analysis, since it includes strategies to beat your competitors at their game.
- Take advantage of your competitors’ weaknesses, while improving your own business performance.
- Knowing this will give you a realistic picture to help implement steps you can take.
Purchasing and Trying Out Your Competors’ Products is an Excellent Competitive Analysis Strategy
- It is imperative to go out shopping at least twice a month if you distribute manufactured products.
- This will show you competitor packaging and prices, and you can see how such products are displayed.