HOW TO DO COMPETITION ANALYSIS IN PRACTICE?

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Now that you know what competitor analysis is belgium mobile database how it works, how about finding out the main steps to do it in practice? We highlight each of them below.

KNOW WHO YOUR COMPETITORS ARE
The first step in evaluating your competitors' actions is to understand who they are. In this sense, you can list the companies that compete directly and indirectly with yours.
For example, those who offer the same products or services as yours are direct competitors, and those who want to reach your target audience are indirect competitors. This classification will help you make a more accurate diagnosis for your company.