Why Competitive Research Changed My Business
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작성자 Jewel 댓글 0건 조회 6회 작성일 25-09-23 19:11본문
A few months ago, a retail chain invested over 200,000 SAR in traditional marketing with minimal outcomes. After moving just 30% of that spending to mobile marketing, they saw a 328% improvement in foot traffic.
A few days ago, a restaurant owner in Riyadh lamented that his business wasn't visible in Google results despite being highly rated by customers. This is a typical issue I encounter with Saudi establishments throughout the Kingdom.
I presently use several applications that have dramatically upgraded our competitor analysis:
* SEO tools to track other companies' SEO strategies
* Brand monitoring platforms to monitor rivals' online presence
* Website analysis tools to monitor updates to their websites
* Communication monitoring to obtain their promotional messages
* Identify cyclical promotion cycles
* Recognize product bundling approaches
* Grasp their value positioning
Recently, a apparel company contacted me after spending over 150,000 SAR on online marketing with minimal outcomes. After revamping their campaign, we generated a six hundred thirty-one percent improvement in return on ad spend.
Recently, I watched as three similar businesses poured resources into expanding their operations on a particular social media platform. Their initiatives were unsuccessful as the channel turned out to be a mismatch for our sector.
Last month, a company director questioned me why his content weren't producing any business opportunities. After analyzing his content approach, I discovered he was making the same errors I see many Saudi businesses make.
Half a year into operations, our conversions were dismal. It wasn't until I accidentally a comprehensive analysis about our niche that I realized how ignorant I'd been to the business environment around us.
I suggest classifying competitors as:
* Main competitors (offering nearly identical offerings)
* Secondary competitors (with some similarity)
* Emerging disruptors (new entrants with innovative capabilities)
Advising a food brand, we established a technique where influencers authentically presented products into their normal activities rather than creating clear promotions. This strategy produced response metrics 218% better than standard advertising posts.
Initiate by listing ALL your rivals – not just the well-known ones. During our analysis, we found that our biggest competitor wasn't the well-known brand we were watching, but a new company with an unique strategy.
I dedicate at least two hours each regularly analyzing our competitors':
* Digital structure and user experience
* Blog posts and content calendar
* Online platforms engagement
* Client testimonials and evaluations
* Keyword strategy and rankings
Last quarter, a skincare retailer spent 300,000 SAR in traditional advertising with minimal results. After redirecting just 25% of that budget to social collaborations, they achieved a 712% improvement in conversions.
When I established my retail business three years ago, I was convinced that our unique products would be enough. I overlooked competitor analysis as unnecessary – a choice that nearly destroyed my entire business.
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