Finding Your Competitors

Discover who you are competing against using systematic research methods

How to Find Competitors

Finding competitors is not guesswork. Use systematic methods to discover who you are competing againstβ€”both obvious players and hidden threats.

Start broad, then narrow down. Cast a wide net initially, then prioritize which competitors deserve your attention.

Discovery Methods

Competitor Discovery Methods

Google Search

Search for your keywords and see who ranks

HOW TO USE IT

Type "[your product] alternative" or "[problem you solve] software"

PROS
  • βœ“Quick and easy
  • βœ“Shows organic competitors
  • βœ“Free
CONS
  • –May miss non-SEO competitors
  • –Biased by your location
EXAMPLE

Search "project management tool" and see who appears

What to Look For

Direct Competitors

Products that solve the same problem in the same way for the same audience.

Indirect Competitors

Alternative solutions customers might choose instead of your approach.

Emerging Threats

Well-funded startups or big companies expanding into your space.

Do-It-Yourself

Manual processes or internal solutions customers build themselves.

Prioritizing Competitors

Prioritization Matrix

Not all competitors deserve equal attention. Prioritize based on threat level and market overlap.

CompetitorThreat LevelSimilarityPriority
Market LeaderHighHighCritical
Fast FollowerHighMediumHigh
Niche PlayerMediumMediumMedium
Emerging StartupLowHighMonitor
Adjacent ProductMediumLowLow

How to prioritize: Focus deep analysis on high-threat, high-similarity competitors. Monitor emerging players. Track but don't obsess over low-priority competitors.

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Cast a Wide Net

The biggest competitive threats often come from unexpected places. Use multiple discovery methods to build a comprehensive competitor list before analyzing deeply.

Key Takeaways

  • β€’Use multiple discovery methods: search engines, review sites, customer conversations, and industry reports.
  • β€’Look beyond direct competitors to find indirect threats and substitutes.
  • β€’Prioritize competitors based on threat level and market overlapβ€”not all deserve equal attention.
  • β€’Customer interviews are the most accurate sourceβ€”ask "what else did you consider?"