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You can never have just one competitor in the real world. In some niches, you’ll end up with ten or more competitors that need your attention. Where to start?
This is the section I usually start my competitive report with: competitors at a glance which is a chart letting me easily compare my competitors.
What should be included in this section?
This section includes any metrics that would allow you to spot some key trends:
Seeing all these numbers side by side often allows you to see important niche patterns or spot some interesting cases to explore further. For example, you can identify a new competitor that nonetheless gets a lot of organic traffic. Or you can find a competitor with fewer backlinks that managed to build solid web visibility. These are both good cases to learn from.
Here’s an example of how I use an “at a glance” method for my competitive research that is also color-coded based on how successful each competitor is (green showing very good numbers).
Source: Screenshot made by the author
How happy are your competitors’ customers? Is there an opportunity for your product here? Is there a particular feature or aspect that makes your competitors’ customers unhappy?
Knowing why your competitors’ customers are unhappy helps on many levels, from learning the mistakes you need to avoid, to developing a better product that covers a niche gap.
So why do so many competitive reports fail to include this section?
And that report is pretty easy to generate. Sentiment analysis and monitoring are doable with some advanced social listening that dives into the segmentation of consumer sentiment.
Source: Awario
Most competitive reports include organic keywords and positions but how about PPC keywords?
Whether you are planning to invest in paid ads or not, knowing your competitor’s PPC keywords will help you understand what they are focusing on. It’s a smart way to understand high and low competition keywords without having to spend your own dollars.
When looking through my competitors’ PPC keywords, I always pay attention to their branded keywords. Firstly, it shows the competitors they as a business take seriously. And second, this may inform my own PPC decisions as there’s a solid case for bidding on branded keywords because they tend to have high intent and are often cheaper.
Here’s an example of a branded keyword report from Ahrefs. Notice the ‘Traffic’ column estimating the number of clicks a particular PPC keyword is bringing to the target site:
Niche question research is useful on many levels but have you ever given a thought on how useful it is for your competitive research? Questions people ask about your competitors will give you valuable insight into:
When it comes to understanding your niche buying journeys, Google’s People Also Ask results, also known as ‘intent questions’ help you understand and visualize all the different paths consumers are taking when making their buying decisions.
Always take note of the “People Also Ask” results when searching for your competitors or their products. These help you better understand your target customers’ interests and research styles throughout their buying journeys.
Source: AlsoAsked
You could also use some freemium-based tools to keep track of questions your competitors’ customers are asking in real-time, use Twitter question search which can also be monitored through a free app called Tweetdeck. Create a new column in your Tweetdeck to monitor this search term:
[competitor ?]
Make sure there’s a space in between your competitor’s brand name and the question mark.
Who are your competitors’ most vocal promoters? Can you get them on board to promote your brand instead? Or how did your competitors manage to win their love?
Your competitors’ friends are not your enemies. These are people who may fall in love with your product or agree to collaborate on similar or better terms.
Checking your competitors’ backlinks is the most popular way to find their promoters but it seldom includes people behind those links.
Social media is another great place to look for your competitors’ promoters.
Are your competitors using social media to find and engage your customers? There are some lessons to learn there as well.
You can run a solid analysis of any Facebook page engagement metrics which you can use for your competitive report:
Competitive research is much more than tracking your competitors’ organic positions and checking their backlinks from time to time.
It can give you a lot of insight into your target customers, their struggles, and buying journeys, it can teach you to build a better project and identify niche gaps. Finally, it can help you identify mistakes to avoid and build a stronger business. Good luck!
Ann Smarty is the Founder of Viral Content Bee, Brand and Community manager at Internet Marketing Ninjas. She can be found on Twitter @seosmarty.
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