What are some effective strategies for competitive analysis?
Effective strategies include SWOT analysis, market research, and competitor benchmarking.
Can you explain SWOT analysis in detail?
SWOT analysis involves identifying Strengths, Weaknesses, Opportunities, and Threats related to your business and competitors.
How can I gather data for my competitive analysis?
You can gather data through surveys, social media monitoring, industry reports, and competitor websites.
What tools can I use for competitive analysis?
Tools like SEMrush, Ahrefs, and SimilarWeb are great for analyzing competitors' online presence and strategies.
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