Why is competitor analysis and benchmarking important for the growth of your business?
Every business large and small has competition. Understanding the strengths and weaknesses of your competitors marketing strategy is critical to making sure your business, products and services stand out from the rest.
Reality Digital Marketing will compile a profile of each of your current competitors. We will assist you to identify who your main competitors are, and answer these questions about each one.
- What are their strengths?
- What are their weaknesses?
- What are their marketing objectives?
- What marketing strategies do they use?
- How can you take market share away from their business?
Our competitive analysis and benchmarking report will help you identify changes you should make to your own business and marketing strategies, and help give you clearer understanding of your customers.