Sun Tzu once said “Carefully compare the opposing army with your own, so that you may know where strength is superabundant and where it is deficient.”
In the ever-changing world of internet marketing, analyzing your competitors can give you a distinct advantage. Knowing what they do well and what they lack will help you target key areas of the market that you think you can dominate.
Having knowledge of what the competition does, what they charge for their services, what they are about, how they are perceived, and where they are predicted to go in the future can give you a significant boost. Competition research should be split up into three different segments - content structure, data analysis and quantify your metrics.
Analyzing your competition should involve lots of data gathering. First, you should manually gather information by becoming familiar with the competition's website. Doing this will let you know how seriously they take their online presence and whether they are a significant threat to your search engine visibility.
There are several questions you should ask yourself when evaluating a competitor's website:
It may be wise at this point to create a list of all the positives and negatives about the sites you evaluate. After you've collected a certain amount of data, there should be some correlation in the sites that rank well and those that do things right (such as an updated content-rich blog, search engine-friendly URLs, and a CSS/HTML-driven website).
Otherwise known as a plan of attack, this can be the most crucial part of your competition research. Don't simply plan on submitting links to social networking sites at random. Each one has its own use and should be selected carefully, based upon your targeted niche and chosen outcome. Some sites should be used for seeding links, while others should be used for generating traffic and gaining exposure.
You need to take advantage of some of the search operators used by Google:
Establish your competitors based on their SERPs, not their PageRank or a metric that doesn't have a quantifiable meaning. Those that are ranked well should be your target goal but not your priority. Your priority should be to establish the site as an authority in a niche and continue to build up a user base.
Posted On: Jun 13, 03:48 PM
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