Collect and analyze information

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It's simple - you need to collect as much information about your competitors as possible, and then analyze it all! Let's take a closer look at what you should pay attention to when collecting information.




Step 3: Formulation of strategy.
Based on the analysis, the company develops or adapts its strategy to estonia consumer email list better compete in the market, using the identified strengths and minimizing weaknesses.

Example: A fast food restaurant discovers that its competitors do not offer food delivery. In response, they launch their own delivery service and actively advertise it through social networks, attracting customers interested in convenience.

Now we would like to move on to perhaps the most interesting part, namely: what are the methods of competitor analysis? In fact, there are a huge number of them, so we will consider the key and most important ones.