Analyzing your business competition is vital part of your business. Competition assessment and analysis helps you to tell the strength of your businesses against your competitors, the weak areas and strong points. It also enables you to become proactive and make first moves to take more of the market.

Competition analysis is a detailed review of business of your rival sites and then you measure yourself against them. In online business, the competition analysis is easier to do than offline and can be performed with minimum tool.

First thing is to  know who are your competitors. These are the websites which compete with keywords of your sites and offer similar products. Not all sites competing for the same keyword would have similar products. Some of them would have different monetization strategies. [Read more...]

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