Competitor analysis

Gain insight into your competitors through a competitive analysis!

Our digital marketers take you under their wing and use competitive analysis to capitalise on the right opportunities. We map out your competitors and devise a tailored strategy based on this analysis.

The benefits of a competitive analysis

Comprehensive analysis
Stronger position vis-à-vis clients
Clear overview of current market position
Creates certainty
Foundation for strategy
Guaranteed to have the right keywords to rank

What is a competitive analysis?

A competitive analysis is a way of assessing your market position. In this analysis, your competitors are scrutinised in detail. First, we look at who these competitors are, and then at how they behave.

Based on a competitive analysis, we’ll draw up a suitable strategy for you. In fact, analysing your competitors is crucial to this process: by identifying what your competitors are doing, we can see where your business stands out.

Competitor analysis in 4 steps

We’d be happy to help you carry out a successful competitive analysis. We do this in four steps, which we’d be happy to explain in more detail. These four steps provide the framework for the entire analysis and thus offer a clear and comprehensive overview.

Step 1: Defining search terms
To reach your target audience, you want to be found using search terms related to your product or service. However, you’ll find that if you keep these terms too broad, you can expect stiffer competition. It’s therefore a good idea to narrow down your search terms or opt for a longer search term. We carry out a search term analysis as the first step in your competitive analysis, so that we know what your competitors are focusing on and where opportunities still lie specifically for you.
Step 2: Identifying competitors
Your online competition consists of websites competing for the same search terms, usually because they offer a similar service or product. By identifying these competitors, we can carry out a comprehensive analysis of their online behaviour. For which search terms is there already visibility, and which competitors can be found for the same search terms? This analysis takes into account both SEO (search engine optimisation) and SEA (search engine advertising). Components of this overview include:
– Your search terms
– The search terms per position
– Your competition based on your search terms
– Your current position relative to your competitors based on these search terms
Once this picture has been established, we cross-check it against the keyword analysis from the first step. This ensures that the work we deliver is carried out correctly.
Step 3: Backlink profile
Now that we have mapped out your competitors, it is time to scrutinise them further, specifically by examining the authority they have built up within Google. In doing so, we look at Trust Flow (the relevance of backlinks) and Citation Flow (link juice passed on), the number of external backlinks, the number of referring domains, IP addresses and subnets. Once we have gathered this information, we’ll identify which types of websites pass on the most relevance and value. By determining this authority, we can capitalise on it by developing an even more valuable website, in accordance with Google’s guidelines. This research forms the basis of your link-building strategy.
Step 4: Social media and content
The final step in the competitive analysis is to examine online behaviour in the form of social media and other content (blogs or other website texts). This step is, however, only carried out if it is relevant to the client in question. We identify which social media channels your competitors use and how much this yields for them in terms of followers and likes. This enables us to assess their engagement with the target audience and subsequently determine whether this is also relevant to you. Questions we answer in this part of the analysis include, for example:
– How often does the competitor publish content? (Daily, weekly or monthly)
– Is the competitor developing new pages, or are they articles being added to a blog or knowledge centre?
– How is the content received by the target audience? (Number of shares, likes, comments, etc.)
Naturally, we focus not only on the frequency of your competitors’ content, but also on the quality of the on-site content. Examples of this include the structure of a page, the amount of text, the use of search terms, the presence of images and/or videos, and the number of internal links. This enables us to determine a page’s success precisely, as high-quality on-site content can be a real ‘make’ or ‘break’.

Various competitive analysis models

For a successful competitive analysis, there are various competitive analysis models you can follow. All these models help you determine your market position and create a solid foundation for a strategy. We’d be happy to explain these models to you.

Porter’s Five Forces Model

The first model is Porter’s Five Forces Model. This is the most widely used model for competitive analysis, as it not only provides a very broad overview of the competition but also covers other market aspects. The five forces are as follows:

  • Potential new entrants
  • The power of substitutes
  • Supplier strength
  • Client strength
  • Competitive strength

Porter’s Five Forces Model provides a solid foundation on which to build a subsequent strategy, as analysing these five aspects also helps you map out your own market position. We look not only at your competitors, but also at your offering and general market behaviour within this sector. Based on this data, our online strategists will draw up your strategy, so that you know exactly how to proceed.

The 4 Ps model

The 4C model is very similar to the 4Ps model mentioned earlier, but there is one major difference: whilst the 4Ps model focuses on the business, the 4C model focuses on the customer. This provides you with entirely different insights, because you are not viewing things from the perspective of a market or a business, but from the perspective of a potential conversion. To do this successfully, the following four Cs have been established:

  • Product
  • Award
  • Location
  • Promotion

As you can see, this approach no longer focuses solely on external factors, but also takes your own behaviour into account. This is what makes this model so successful, as it allows you not only to look at others, but also to make the connection to yourself straight away. The first steps towards your strategy are therefore already being taken, as the key to a good strategy is, above all, adjusting your own behaviour.

The 4C model

The 4C model is very similar to the 4Ps model mentioned earlier, but there is one major difference: whilst the 4Ps model focuses on the business, the 4C model focuses on the customer. This provides you with entirely different insights, because you are not viewing things from the perspective of a market or a business, but from the perspective of a potential conversion. To do this successfully, the following four Cs have been established:

  • Customer Solution
  • Cost to the Customer
  • Convenience
  • Communication

Using the 4C model, you really zoom in on the customer’s perspective. Your actual market position is set aside, as this is of less interest to customers. Your strategy is tailored precisely to your customers’ wishes and requirements. The 4C model forms the basis of a sound competitive analysis, without actually focusing on your competitors.

When should you carry out a competitive analysis?

You might think that a competitive analysis is only necessary when you’re entering a new market, but this isn’t entirely true. Yes, when you enter a new market, you do need a competitive analysis. However, it is also important to keep this analysis up to date as an established business. This allows you to take your environment into account and respond to developments and trends. If you fail to do so, there is a risk that you will fall behind your competitors. Once this happens, it becomes difficult to catch up. A competitive analysis can therefore be carried out at almost any time, and should also be updated regularly to ensure your analysis remains relevant at all times.

Direct and indirect competitors

An important part of your competitive analysis is, of course, your competitors. A distinction is made here between direct and indirect competitors. Direct competitors are those offering a service or product that is identical to yours. Indirect competitors are those offering a similar service or product. Whilst they do not pose direct competition, they are still competitors as they can poach potential customers. When drawing up your competitive analysis, you may be tempted to focus solely on direct competitors, but if you really want to do it properly, it is also important to take indirect competitors into account.

Requirements for a good competitive analysis

Both direct and indirect competitors
Carry it out regularly
Viewing from different perspectives
Be strict
Work without preconceptions
Take a look at yourself too

Competitor analysis by Traffic Today

It can be difficult to carry out a successful competitive analysis on your own, but it is an essential part of your strategy. Our online strategists are therefore happy to help you carry out this analysis. We have the right knowledge and experience in-house to take your business to the next level online, but to do this, we first need to carry out a thorough competitive analysis.

A competitive analysis forms the basis for various services, such as

We don’t simply carry out these services blindly: we like to work with a strategy to underpin these efforts. We also operate transparently: thanks to our planning software, Asana, you know exactly what we’re doing, and thanks to our strategy, you also know why we’re doing it. Does this collaboration appeal to you? Great! Get in touch with one of our specialists so we can discuss the possibilities.

Frequently Asked Questions

Is a SWOT analysis the same as a competitive analysis?
A SWOT analysis could be seen as a variation on a competitive analysis. In a SWOT analysis, you identify the Strengths, Weaknesses, Opportunities and Threats. Strictly speaking, a SWOT analysis focuses on your own business, but you can include competitors in the analysis. This allows you to identify any content gaps compared to competitors and how you can capitalise on these (opportunities).
Why is it important to have a competitive analysis carried out?
A competitive analysis gives you an insight into how you’re currently performing compared to online shops or websites in the same sector. Such an analysis tells you in which areas you need to make adjustments (such as product range and pricing) and where you already excel (communication, brand awareness, etc.)

4.7 on Google

Ready to stay ahead of your competitors?

A thorough competitive analysis gives you insight into your competitors’ strategies and helps you identify opportunities to strengthen your own position. We’ll help you take the right steps to stay ahead of the competition and increase your market share. Get in touch and find out how we can help you outperform your competitors!

Our team is
ready to help you