In many cases, the best way of moving forward with a new business is to study what competitors are doing and improve on it. It can take a lot of work to create and enact an effective, well-grounded marketing strategy, and duplication of work is always to be avoided, when possible. Leveraging the work of competitors against them can be one of the most potent means of getting ahead, while using a minimum of resources in the process.
Business Intel Strategies that revolve around this insight therefore tend to be some of the most rewarding of all. There are a variety of basic ways of making use of work that competitors have already done, but a few of these stand out as being the most consistently effective and valuable.
When it comes to online marketing efforts, for example, just about all of the most successful initiatives include some intense research into Competitors Keywords. Focusing on particular keywords that are relevant to the products or services a company offers is a critical part of every digital marketing process, so it will almost be certain that competitors will have already gone done this road before a newcomer arrives on the scene.
Once a good overview of such keywords has been established, the new business can proceed in a couple of ways. In some cases, attacking the most valuable of these keywords will make sense, particularly where traffic is high and the keywords inherently signal an intent to buy. In others, the existing keywords on the competitive scene can instead be worked around, with too much existing competition for too little of value signaling that it makes sense to look for unexploited opportunities, instead.
The same basic idea can be carried further into the marketing process, too. Sales Funnel Reverse Engineering, just as with researching the keywords that competitors focus on, can reveal both juicy targets that should be fought over, as well as opportunities to succeed in other ways. While not having an inside track on a particular competitor’s sales funnel might make it seem impossible to arrive at such inclusions, the reality is very much to the contrary.
In fact, merely participating in the funnel as a potential customer can be enough to piece together the outlines of a particular process of this sort. Every piece of information that is gained in this way reveals something about both the competitor in question and the market they target, both of which can be valuable.
Fill out the Form today for your Free Quote:
We value your privacy and would never spam you.