Competitor Analysis: How to spy on your Rivals?

Have you ever asked yourself a question “What pushes any business forward?” I believe you have. You might answer this question thinking of some general aspects like persistence, deep knowledge, research, and a bit of luck.

Yes, all these aspects matter in your business progress. However, the thing that helps grow your business naturally is…your competitors.

Don’t be surprised by this. Only correct competitor analysis will help you get rolling and improve your online business positions.

I am going to cover primary points on how to analyze your competitors and use the data you’ll get to your benefit.

Let’s go into detail!

Start with Identifying Your Main Competitors

I think the initial step of competitor analysis is the easiest one. I advise you to step into your potential customers’ boots. What inquiries would they use to find your service? Let’s move forward with an example.

For instance, I run a website that offers different types of sportswear across the US. I want to see my online store in the top 10 Google results for specific keywords my target audience would use. So, the first thing that I will do is test a few queries related to my niche and see what Google reveals to me:

Google suggested a list of the results where four of them are paid advertisements and the others are organically clean. Practice shows that people pay less attention to ads. They are interested in websites that could get top positions thanks to traffic they managed to gain. Thus, I will search for the main competitors among organic results.

When I have identified my competitors of mine, I would dig into their websites’ statistics.

2. Explore the Basic Metrics

Now my next goal is to analyze the core metrics of a few competitors I have chosen from the list. I don’t want to spend long hours seeking the data I need. I want to get it in a single click. And Domain Comparison report helps me with this:

The report offers me a wide range of stats. However, I am interested in metrics that I’ve marked only. And here is the explanation of why.

• Domain Rating displays the strength of a backlink profile of the particular website (from 0 to 100 scale.) A backlink profile with the highest scale is the strongest one.
• The Referring Domains report displays the total number of unique referring domains pointing at the target URL.
• The Backlinks report provides you with information about the total number of backlinks that point to the target website or URL.

These metrics will give me the information I need for my further competitor analysis.

Now I am going to make a detailed analysis of such positions as link growth, traffic, and content.

3. Link Growth Analysis

Link growth is an important element of the statistics you should keep in mind. Especially, you should watch over the link growth changes that your competitors might have.

Link growth is based on the number of referring domains a website has. Thus, you must see what new referring domains your competitors have obtained.

I will use ‘New referring domains’ report to sort things out:

The report offers you the data on how many new referring domains a given website has acquired for the last 60, 30, and 7 days (even for yesterday and today.) The website in question has obtained 164 new referring domains in the past 60 days.

Furthermore, you can review a graph that can show you the changes in acquiring new referring domains for one year (for instance):

I recommend you to look at this graph from time to time. It will help you notice some changes that might seem interesting to you.

4. Traffic Analysis

The following important position that you should analyze is traffic. You know that the more traffic your website gets, the more chances to crash your competitors you will have.

I advise you to use a tool called SimilarWeb. It will help you get the information around a few fundamental questions. But let’s see the general stats of the website first:

This report covers the basic stats on traffic like total visits, average visit duration, pages per visit, and bounce rate. Moreover, you can see traffic globally, by country, and by category ranks.

OK, now let’s get back to the questions about traffic the tool can help you with:

1. Where do the visitors of a given website come from?

The report illustrates you a geographical chart where you can see the countries that bring the most traffic. What is more, you can see the top countries and how much traffic they bring in percents.

2) What are the main sources that bring desktop traffic to the website?

3) What are the main referral websites that send traffic?

4) What are the main social channels that send traffic?

I can’t help mentioning that there are some more awesome reports that you can review like audience interests, display advertising, etc.

The other cool thing that SimilarWeb allows you to do is compare the traffic statistics of a few competitors in one click:

In contrast, you can get more rich data on traffic using the Site Explorer tool. ‘Organic search’ report will provide you with such information as traffic value, organic positions, monthly organic traffic, organic keywords, etc:

I can assure you that if you dig deeper into these reports, you will get precious data on traffic.

5. Content Analysis

We have already reached the final fifth step of competitor analysis. Now I will give you a couple of hints on how to analyze competitors’ content.  

There are three positions to review:

1. The most linked content by applying the ‘best by links’ report and looking through the backlinks with the help of the ‘Referring domains’ tab:

1. The most shared content can be found by clicking on the ‘Top Content’ report. It will reveal you the stats across social media channels (Twitter, Facebook, Pinterest):

1. Content that sends the most traffic you can find with the help of the ‘Top pages’ report. Another useful thing that you will get by exploring this report is the information on the top keywords a given website or URL ranks for:

These simple but effective ways of content analysis will help you improve your content marketing strategy and create the content that your target audience likes.

The Final Notes

Nobody says that running an online business is something that goes with the flow. It is an endless battle with your competitors for the top positions on Google. Yes, when you have just launched your website, you are like Alice in Wonderland. Likely, you have all possible chances to crash your competitors and dominate your niche.

This brief guide has supplied you with some powerful and effective tactics on how to analyze your competitors. I am sure that you have got tons of knowledge and will reach the top position in search in the short run.

P.S. Please feel free to post your comments and share this post on socials.