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Competitive Analysis of Features

By Avrora Shuhalii Even for a project for which a startup claims the concept behind its product or service is unique and one of a kind, the chances are that there are already similar products that do similar things. By conducting a competitive analysis, you can understand the products your competitors have created and how they created them; compare the functions, strengths, and weaknesses of your product against theirs; and understand how your competitors are solving the problems of their target audience. Competitive analysis is a way of collecting data about other platforms that have fully or partially solved similar problems for the same target audience as yours—perhaps using different methods. Marketing research and your analysis of the features, strengths, and weaknesses of your competitors can all provide useful metrics. Read More

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