Free Competitive Analysis Templates | Smartsheet
When you create a list of information you want to write, a model for competitive analysis can help you tremendously. These are not typical academic reports or white papers that you can find in the library or bookstore. If you’re like me, you spend a lot of time researching businesses, reading articles and books, and even watching videos online. With all this information, finding the right model for competitive analysis can be difficult.
Cost is always a problem. For example, if you write a short report on the cost and revenues of a new restaurant, it is not difficult to find a competitive analysis model that gives you information about it. However, if you were to study a franchising article or two, you probably couldn’t get enough to write effectively on the subject.
These competition analysis models give you more than enough information to do so. Because it is information-based, you can search for any company in the market by name, address, phone number, website and email address to determine their rating and performance. For example, if a company has been in business for a long time, it is safe to search by name and see what its story looks like.
Another example of a competition analysis model is a cost or price comparison. While there may be tons of articles, books, and even videos on the subject, you can save yourself a lot of time and effort by searching for comparison data yourself. Not only can you find information about prices and competition, you can also find out what is holding the industry back and what can be done to change the whole market. You can determine which brands, products and services are offered to customers and whether they make a profit or not.
Once you’ve found the range of products you want to write about, you need to figure out how to tell if it’s a cheap one. A price comparison also helps here. This is because a strong product line is often an indicator of strong demand.
Finally, a competition analysis model shows you how much you can do if you write in the same niche. There is a difference between profit and sales. Profit is profit, no matter if you make money from the sale or profits from residues or other sources. Income, on the other hand, is the money you actually earn by writing articles.
A competitive analysis model for articles and research materials is the best you can use to save time and effort. It helps you focus on the most important ideas and topics and avoid being so preoccupied with the details that you lose sight of the point. You’ll learn more about the market and the product you’re writing about.