5 Ways to Keep Tabs on Business Competitors
Posted on 07/16/2018
Pepsi and Coca-Cola. Target and Walmart. Nike and Adidas. No matter what the company is, what it sells or how big it is, chances are there will be competition. Competition is the lifeblood of the business world. It keeps companies on their toes and constantly striving for innovation.
If you’re in the world of business and marketing, you should know who your company’s competition is. Even more importantly, you should be consistently informed on what your competition is doing. If you’re not sure where to start with your competition, don’t worry. We’ve compiled a list of five ways to keep tabs on your business competitors to get you started.
1. Set up Google Alerts.
2. Deconstruct the site.
3. Follow them on social media.
4. Attend conferences.
5. Ask your customers.
No matter what industry you’re in or how big you are, building a business is competitive. If you want to succeed, you must be willing to compete. Keep tabs on your company’s competitors by using these strategies, and see how your business can grow.
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