Analyzing Your Competitors
Deep dive into competitor strengths, weaknesses, and strategies
Your Progress
Section 3 of 5What 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
πͺStrengths
- +Strong brand recognition
- +Large customer base
- +Extensive resources
- +Mature product
β οΈWeaknesses
- βSlow to innovate
- βComplex pricing
- βLegacy tech stack
- βBureaucratic
πOpportunities
- βEnterprise expansion
- βInternational markets
- βPlatform play
- βEcosystem growth
β‘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
| Feature | You | Comp A | Comp B | Comp C |
|---|---|---|---|---|
| Task Management | β | β | β | β |
| Team Collaboration | β | β | β | β |
| Time Tracking | β | β | β | β |
| Reporting | β | β | β | β |
| Mobile App | β | β | β | β |
Features you have that most competitors lack
Common features you are missing
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 fundamentalsβnot just features.
- β’Actually use competitor products to gain firsthand insights into their user experience.