Analyze Your Competition And Boost Conversion In 5 Steps

February 16, 2015 By SEOPartner

Source: http://www.semrush.com/blog/5-step-competitor-analysis-strategy-never-fails/16878

Any marketing strategy should include an extensive competitor analysis. Below are steps you can follow to conduct an analysis on your competitors and find ways to boost your conversions.

How to analyze your competitors

Determine the KPI that helps you identify profits and losses, and improve conversion.
To achieve maximum revenue at minimum cost, divide your market into smaller groups based on their location.
Utilize tools that offer optimized data analysis. These tools will help you identify which channel generates the most revenue for your competition.
Don’t blindly follow any recommendation without testing the output.
Continuously tweak and improve your strategies.

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