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I use a simple tracker to record our competitors’ rates changes weekly. This has already allowed us to:
Recently, a clothing brand contacted me after using over 150,000 SAR on platform promotion with minimal outcomes. After redesigning their strategy, we generated a six hundred thirty-one percent increase in ROAS.
A fashion retailer saw a three hundred forty-two percent improvement in sales from electronic communications by developing customized content during religious periods that acknowledged regional practices.
For a financial services client, we created a information campaign about generational wealth that incorporated halal investment concepts. This material exceeded their previous standard investment tips by 417% in connection.
I invest at least a substantial amount of time each Monday examining our competitors’:
Two quarters into business, our sales were disappointing. It wasn’t until I accidentally a detailed study about our market sector that I realized how ignorant I’d been to the market realities around us.
Start by listing ALL your competitors – not just the major ones. In our research, we discovered that our most significant competitor wasn’t the established company we were tracking, but a new startup with an innovative approach.
Key considerations included:
I suggest categorizing competitors as:
Not long ago, I watched as three competitors poured resources into expanding their operations on a particular social media platform. Their attempts were unsuccessful as the medium proved to be a poor fit for our industry.
Last week, a café proprietor in Riyadh lamented that his venue wasn’t showing up in Google listings despite being well-reviewed by customers. This is a typical problem I see with local businesses across the Kingdom.
Successful methods included:
For a healthcare provider, we transformed their text-heavy medical information into visual storytelling with illustrations. This technique improved their material readership by over two hundred percent.
When I launched my e-commerce business three years ago, I was sure that our unique products would sell themselves. I ignored competitor analysis as unnecessary – a mistake that nearly cost my entire business.
I currently use several tools that have dramatically enhanced our market intelligence:
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