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Strategic And Competitive Analysis

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Competitive intelligence is another important task internet marketers should take serious. Knowing what your competition is doing is helping you to make strategic decision. Something that works offline the same way it does online.



Online Marketers have an advantage over their offline pears. They can access information about their competitors marketing activities that can be worth a lot of money if used correctly.

Estimated spending for specific marketing campaigns, the campaign targets and the type of business optimization are information you can get in the offline world basically only by breaking several laws and risk prosecution and imprisonment.

The campaigns I am referring to are search marketing campaigns, one of the most important channels for an online business ranging from organic search engine optimization to paid pay-per-click search. This data is accessible in various levels of accuracy and detail on the internet and competitive intelligence analysts don't have to break any law to get those data.

There are a number of tools and services out there that help you with your competitor analysis. The provided data by any service or tool are always estimates and never exact figures. Some are more realistic than others and the general rule of thumb is to take any information with a grain of salt.

Using the data as absolute facts and exact figures and basis for important decisions is a mistake. Before you make important decisions, use alternative services to compare the data to and most importantly, inform yourself what sources were used by the services and tools you are using.

Well known completive intelligence tools and services and keyword research tools are services like Trellian's Competitive Intelligence, HitWise, Wordtracker, Keyword Discovery, the Overture Bid and Keyword Tools and WordZe.

With exception of the overture tools are all tools and services available only to paid subscribers. Fees can range from $20-$50 up to thousands of dollars per month.

There is a free tool that offers almost as much as those well known paid services which was always flying below the radar and for that reason not as well known.

The name of the tool is SpyFu. SpyFu is the sequel to the popular and free tool GoogSpy and can be found at SpyFu.com. It is a service provided by VelocityScape. If you heart about GoogSpy, you will be amazed to hear the improvements that were made for SpyFu.

SpyFu offers free Website and Keyword analysis for organic and paid search. It has over 20 times the amount of data than its predecessor GoogSpy and tons of other new features.

You can approach the data from 3 sides and change the approach instantly because SpyFu provides cross links for any detail shown in its result pages.

1. Keyword or Key Phrase specific research and analysis

2. Website (Domain) specific data including top keywords and top competitors

3. Category specific data. The Tree-like navigation structure was taken from the DMoz directory

1. Keyword specific data

You can see information like average cost per click for the Keyword, Clicks/Day, Number of Advertisers, Cost/Day and Search Results in Google. Also sites that compete for the keyword in the organic and paid search results.

It also shows other Keywords targeted by the same sites that compete for the Keyword you are looking at and related keywords (works like any keyword suggestion tool).

2. Website specific data

See the top 10 terms for organic search and for paid advertisement. Estimated daily advertising budget, Total Clicks/Day, Avg. Cost/Click, Avg. Clicks/Day, Avg. Clicks/Day, Avg. Ad Competitors, Avg. Ad Percentile and SEO factors like Alexa Rank, number of Incoming Links and Avg. Load Time.

It also shows known sub-domains and even allows drilldowns to individual pages in some cases. You can see the top organic and top paid search competitors and the websites category/niche it was assigned to based on its ranking and advertising behavior.

3. Category specific data

It shows per Category additional Sub Categories, Related Search Terms and Related Domains.

This is a lot of data and unusual comprehensive for a free tool.

The only drawback of SpyFu is that the beta is not providing up-to date data. The Data on the free beta site is a few month old. Because of that fact should you only use it as a guide to get an overall idea what your competitors are doing and to get some keyword ideas you might want to explore further.

Use it in conjunction with other tools and services if you want to find out how accurate the provided numbers are.

This tool is a very cost effective resource that should not be missing in the book mark list of every serious internet marketer. For the big players out there might be the enterprise competitive intelligence solution by VelocityScape worth the time to take a closer look at.
Strategic And Competitive Analysis
If you are looking to have online success then you are going to have to know what your niche market is. Finding your niche market means doing niche research, as well as competitive analysis. These are the keys to having any success online at all. Although it can be confusing to research these two things, once you do you will see your online success start growing right away.

First you have to look at your niche marking. This is the part of the market that you are going to try and sell your product to. If you do not know who you are trying to sell to then it can be hard to make ads to attract the type of people that want your products. To figure out who is more likely to buy your product, you have to ask yourself who is more likely to buy (males or females), and what age groups. After you find the part of the market that is more likely to buy from you, you can now write ads that will apply to that audience.

Once you have established your niche, A keyword research is imperative. You must carefully choose keywords closely related to your targeted audience. Choosing the right keywords is crucial for your online business success. Keyword Research tools like Wordtracker and Keywords Discovery can be used to build your keywords list. These tools allow you to find the number of searches being made on a particular search. If nobody is searching for your product or service online then don't waste your time on selling something that nobody want!

The next thing you have to worry about is competitive analysis.

Unless you are the only person in the world that is selling this new product you plan on selling, you are going to have to price your product according to what other people are selling it for. If you price it too high then people are not going to buy from you when they can get it for cheaper somewhere else. Thus, you have to do a little research, and look into who is selling what and at what price. If you do not price your item right then you are setting yourself up to fail.

It can be hard to get started online, but if you want to be successful then you have to look into these two main things. There are many things that you need to do when starting a business, but these are two things that you can not just let go. Having a product that people want to buy is very important. However, if you do not market this product to the right people then it will not matter how great your product is. It will be doomed to fail. So do your research, and you will be able to rest assured that your product will be sold to millions of people (its ok to dream) around the world.

So do your home work.

To Your Success!
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About Author
Both Carsten Cumbrowski & Serge Dandelin are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Carsten Cumbrowski has sinced written about articles on various topics from Promotional Advertising, Internet Marketing and Search Engine Marketing. Carsten Cumbrowski - operator of the Internet Marketing Resources Portal at Cumbrowski.com. Find f. Carsten Cumbrowski's top article generates over 12100 views. to your Favourites.

Serge Dandelin has sinced written about articles on various topics from Marketing, Candida Infection and Computers and The Internet. Do you want to learn more about Internet Marketing? I have just completed my brand new guide to Search Engine Marketing Success: ''How To Consistently Drive Thousands Of Targeted Visitors With Search Engine Optimization''. Download it free here:. Serge Dandelin's top article generates over 135000 views. to your Favourites.
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