Read all the feedback from their customers. From there, you can get an idea of what customers like and don't like. Create a survey or poll to get opinions from potential customers. Ask specific questions about what they like/dislike about the competitor's products/services. This is a direct way to gain valuable insights. Analyze competitor ads. You can use tools like Facebook Ad Library to see what ads your competitors are running. What do you have to see? Ad Copy : What message do you convey in the ad? Visuals : What kind of images or videos do you use? Targeting : Who is their target audience? This research is not for you to copy exactly what your competitors are doing, but to understand and improve from there.
Be original! This research is not something you do once and it's done. You have to sweden phone number resource be consistent and always update yourself with the latest developments so that it's always relevant and ahead of the curve. 2. Increase Product/Service Value Okay, we've looked at competitor's audience research. Now, we want to focus on the second thing you need to do if you want to beat your competitors, which is to add product/service value. This means that you improve or add features to your product/service to make it more attractive and worthwhile to customers. This is not just a product upgrade, but ensuring that your product/service meets or exceeds customer expectations.
With the value you offer, they will be more loyal and become repeat customers. Loyal customers also tend to recommend your products/services to others. By adding more value than your competitors, you can stand out in the market and become the customer's first choice. How do you add value? Make sure your products/services are of high quality. Use better materials , ensure longer-lasting products, or provide more efficient service. For example, if you sell clothes, make sure the fabric used is comfortable and doesn't fade easily. Integrate the latest technology to make things easier for customers.
When customers are satisfied
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