5 Ways to Apply Competitive Analytics for Business

Competitive Analysis is an analysis to identify business competitors, be it strengths/weaknesses, so that we can increase business competitiveness in the market.
1. Make a List of 3-10 Competitors
2. Collect all data and information in One Google Spreadsheet/MS Excel Document
3. Identify all Competitors
4. Collect Competitor Data Online
5. Analyze Competitors' Strengths by Becoming Their Users

This is only possible with online business where it is possible to access your competitors data but is not possible with offline business.

This can also be applied to businesses that are offline. It will just take more time and require the application of tact so they are not alert that you are collecting information about them.