Analyzing Your Competitors

Deep dive into competitor strengths, weaknesses, and strategies

What to Analyze

Once you have identified your competitors, analyze them systematically. Look at what they do well, where they fall short, and how they position themselves.

Go beyond surface-level research. Sign up for competitor products, read their customer reviews, and understand their business model.

Areas to Analyze

Product

  • β€’ Features and functionality
  • β€’ User experience and design
  • β€’ Technology stack
  • β€’ Performance and reliability

Go-to-Market

  • β€’ Pricing and packaging
  • β€’ Sales channels
  • β€’ Marketing strategy
  • β€’ Customer acquisition cost

Company

  • β€’ Funding and financials
  • β€’ Team size and roles
  • β€’ Company culture
  • β€’ Growth trajectory

SWOT Framework

SWOT Analysis Builder

πŸ’ͺStrengths
  • +Strong brand recognition
  • +Large customer base
  • +Extensive resources
  • +Mature product
⚠️Weaknesses
  • –Slow to innovate
  • –Complex pricing
  • –Legacy tech stack
  • –Bureaucratic
πŸš€Opportunities
  • β†’Enterprise expansion
  • β†’International markets
  • β†’Platform play
  • β†’Ecosystem growth
⚑Threats
  • !Nimble startups
  • !Changing user needs
  • !New technology
  • !Regulatory challenges

How to use SWOT: Identify patterns across competitors. Look for common weaknesses you can exploit and strengths you need to match or avoid competing against.

Feature Comparison

Feature Comparison Matrix

FeatureYouComp AComp BComp C
Task Managementβœ“βœ“βœ“β€“
Team Collaborationβœ“βœ“β€“β€“
Time Trackingβœ“β€“βœ“βœ“
Reportingβœ“βœ“βœ“β€“
Mobile Appβ€“βœ“βœ“βœ“
YOUR ADVANTAGES

Features you have that most competitors lack

YOUR GAPS

Common features you are missing

πŸ”¬

Analyze Like a Customer

The best competitive insights come from using competitor products yourself. Sign up, go through onboarding, and experience what your customers would experience if they chose a competitor.

Key Takeaways

  • β€’Use SWOT analysis to understand strengths, weaknesses, opportunities, and threats for each competitor.
  • β€’Build feature comparison matrices to identify your advantages and gaps.
  • β€’Analyze product, go-to-market strategy, and company fundamentalsβ€”not just features.
  • β€’Actually use competitor products to gain firsthand insights into their user experience.