To perform competitive analysis in B2B, follow these actionable steps:
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Identify competitors: List 5-10 rivals using tools like Crunchbase, G2, or LinkedIn Sales Navigator. Categorize direct (same product), indirect (alternatives), and emerging threats.
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Gather intel: Review their websites, pricing pages, case studies, and demos. Check financials via SEC filings or PitchBook. Scrape customer reviews from G2, Capterra, and Gartner. Monitor social/job postings for strategy hints.
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Analyze offerings: Map features, pricing models (e.g., per-user vs. enterprise tiers), sales cycles, and customer segments. Use a spreadsheet for side-by-side comparison.
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Assess market position: Track win rates via tools like SEMrush (SEO/traffic), SimilarWeb (visitors), and Klue (competitive intel). Build SWOT for each.
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Synthesize insights: Create perceptual maps (e.g., price vs. features) and identify gaps (e.g., your faster onboarding). Share via dashboard in Google Sheets or Tableau.
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Act on it: Update quarterly; use findings to refine pitches and messaging.
Start with your top 3 competitors today—takes 2-4 hours.
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