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Is It Really Necessary To Watch The Competition?

Profile photo of Sunday William Submitted by Sunday William May 5, 2016

watch-the-competition

Competition analysis is a recurring term when it comes to keyword research. It simply means studying what your competitors are doing so you can strategically enforce a working solution to improve your brand’s success.

Brands are often advised to analyze the competition so as to make informed decision on their internet marketing strategies. With the best practices and the right tools, competition analysis should be a plus and a success for any business.

In case you don’t know why competition analysis is important, here are two quick reasons to consider:

You Will Determine Who Your Real Competitors Are

You can determine your direct and indirect competitors for a particular keywords. This can be done by taking into account your natural competitors in the same industry and also other businesses bidding or competing with you for specific keywords.

 For instance, if you are to rank for a keyword like “buy antivirus software” your natural competitors would be those selling antivirus software. However, those selling smartphones, mobile apps, and mobile phone bloggers etc. can still compete with you on this term.

So, you should be able to defined and determine who your real competitors so you can strategically apply a marketing system that will help you stay on top and rank high for specific keywords.

You Will Learn From the Competition to Improve Your Conversion

You will need to monitor what your competitors are doing constantly so you can stay ahead or be at par with them. The marketing industry changes frequently and so keeping tabs with the competition will go a long way to establish your relevance in the market place.

You will need to learn from the competition to see what is working and what is not working. Access the major keywords, the landing page design, the style and voice of the content that attracts ranking, increase conversion and appeals to the target audience, etc.

The above two major reason to analyze the competition, however, is it really necessary to watch the competition since success of every online business (to a large extent) depends on the value is offers and the user experience the audience finds appealing?

So, why not just go ahead and run solo marketing without considering the competition?

Is competition analysis really necessary for business success? 


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Profile photo of Sunday William
I started with a College Degree in Business but I have been an Internet marketer and writer for 10+ years and have written 5,000+ high quality articles in diverse topics. I have also written 20,000+ comments on Kingged.com and 1,000+ blogs and/or websites. I have been working closely with Kingsley, the admin of Kingged.com for 10+ years and have been in the Kingged.com's administrative team since the first day in 2012. I highly recommend Kingged.com's Coaching and Partnership Program.

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