How To Conduct a Competitive Analysis (FREE Template)?

Imagine you're playing a game with your friends, and you want to know how to win, so you watch what they do. That's competitive analysis in action!

You can think of it like looking at the other kids on the playground to see who has the best toys, the fastest bike, or the coolest tricks. You're trying to figure out what makes them good so you can be better too.

When you do a competitive analysis, you’re checking out your competitors, like the other kids in the game. You might look at:

• What they have (like their toys or bikes)
• How they play (their tricks or strategies)
• What makes them stand out (maybe they're really fast or super creative)

1. Pick who you want to compare with, maybe your best friend or the kid who always wins.
2. Watch and take notes on what they do and how they win.
3. Compare that to what you have and how you play.

It's like making a list of who has what, and then figuring out how you can be better or different, just like in your favorite game!