Competitive Analysis
Project scope
Categories
Market research Sales strategySkills
competitive analysis marketing target audience web analytics sales paragraphsItβs important for us to have a better understanding of how our target audience perceives our brand and competitors. We want to develop clarity on our competitive advantages and optimize our marketing strategy.
This project will include:
- An identification of our current competitors
- An identification of potential future competitors (eg. a large company in a similar industry who may enter the space)
- The creation of a matrix identifying features shared across the companies and those that are different.
- A summary of 2-4 paragraphs describing our competitive advantages and disadvantages relative to the competition identified. This could be done in the form of a SWOT analysis.
We will give you access to organizational assets to support this project such as personnel, website analytics, sales and brand collateral, and more. We can suggest names of competitors to research.
Objective
We hope to gain a comprehensive understanding of the competitors in our space and how we can differentiate ourselves through our product/service offering, and our messaging.
About the company
OTOblocs develops products from toys to furniture based on a patented interlocking modular block system. The blocks resemble different letters that can be interlocked with one another in innumerable ways β and just as easily be taken apart.