What are the benefits of knowing your Google competitors inside out?
Before your open, say, a stationary store or a cafe or a hotel in any city around the world, your first concern should be its location. Without the people actually dropping by, even top quality products or services will make hardly any sales. High-traffic areas, with potential customers swarming, are therefore desirable. In such circumstances, even locating several companies with similar offer makes business sense. However, to compete effectively, they need to know about each other, and need to know each other; this way they can tailor the offer to the needs of the customers, outbidding their competitors. It's the same with your online store.Competition analysis - where to start?
A step-by-step approach usually works. Competition analysis is no different. First, search; that is: identify the competition. Unfortunately, it happens that certain websites are mistaken for our competitors. Therefore, before we'll move on to the rival-screening tools, let's define who our Google search engine opponents exactly are and highlight the most important things to know about them.How to find your Google competition?
SEO focuses on getting as large organic traffic from Google as possible - we should look for our competitors there. If you applied the steps we wrote about in previous articles about keywords and website optimization, you have entered the game, so to speak; now's the time to learn more about your competitors. Simply speaking, those are the companies offering similar products / services and targeting the same audience. To outbid them, learn their strengths and weaknesses, but first and foremost, learn who they are. Step 1: Identify the most business-crucial keywords. If you're uncertain what to focus on, the simplest keyword would be "product name + store". If your articles / services offer is broad, the keyword list is likely to be long. Step 2: Google the keywords. Now take a look at search results page - who are your search results neighbours - pages displayed both above and below your own site. List all of your competitors *. * But skip all large general online retailers, like Amazon, price comparison sites and Adwords sites. You can't go against some of them giants (unless you are an industry leader yourself, then go ahead!). Step 3: Use the tools presented below to get the info about your own website and your competitors. Add the sites found this way to your list of competitors. Now, ask yourself several questions: do you know what the ecommerces from the list offer? Is their business similar to yours? Do you know their profile? Can you determine their online marketing strategy and figure out why they rank in Google as they do? If not yet, it's time to change it. You have already done the first step. You know who your opponents are. Congratulations! Now let's move on to a more in-depth analysis.What are the highlights of competition analysis?
Knowing who are you running against, there's a list of what you need to know about them. Most importantly, find out their ranking vs yours for your common keywords; additionally, it's good to know the keywords they rank for that you don't. If your offer is similar, you are certainly competing for more than one keyword's TOP10. Another important information to get your leverage, is your competitors' optimization level. Both the content and the back-end matter. Another crucial point is the content published by your competitors, especially on third-party websites, and any website of interest for your potential customers, that refer to their pages. This intelligence will be your brand image building starting point.Useful search engine competition analysis tools
The market offers many tools for getting accurate info on your competitors. Unfortunately, most of them are paid. We'll overview their main functionalities to help you make the best choice. Moreover, there's a free trial available for each of these tools, which is strongly recommended to take prior to purchase. However, getting an upper hand in e-commerce battle is worth a lot.Summary
You've learnt how to identify your competitors, what to learn about them, and which tools will help you to. Getting all the useful info takes a lot of work, but it pays off. You will be able to:- open new communication channels with customers;
- get new backlinks sources for your website;
- learn about valuable keywords your website's not optimized for yet;
- develop a strategy integrating SEO and online marketing beyond it, e.g. brand building, content marketing, etc.
- determine the pattern among your competition and come up with the way to break it, thus standing out;
- Quickly respond to market and search engine algorithm changes.
This is an update of an article published in 2018.