How Do Price Changes Affect Consumer Perceptions?
By Kara FinnertyJun 1
Published January 5th 2020
Getting to know your competitor’s strengths and weaknesses is the foundation on which to base good strategy. For brands, the growth of online activity has seen competitor analysis methods, metrics and tools blossom.
There is now no shortage of competitor analysis tools on the market, and each can offer insights relevant to its own particular niche and contribute to competitive benchmarking. We’ve compiled a list of tools that cover a range of areas, from paid adverts to email marketing. You just need to decide which part of your competitor’s business you want to spy on.
While many tools target a particular niche, these tools analyze multiple areas of your competitor’s online marketing strategy to give you an overview of their efforts to spot potential avenues for growth.
With Pi, you can measure the impact of your brand, product lines and your performance against competitors after any campaign. You can identify the “what” and the “when” by analysing emerging trends and audience intent, and help to influence the message and the timings of campaigns to match consumer needs.
You can also use brand search intelligence data retrospectively to understand the impact of your campaigns as well as where they sit alongside the performance of their competitors.
Compare traffic, referrals, visitor behavior, keywords and search rankings, paid ads, and site by site social metrics. Stay updated with competitor emails. You can input competitors to track, or let Kompyte suggest them based on the keywords you are tracking. Prices start from $95/month, with a free 14-day trial.
Provides an overview of website traffic, referrals, search traffic and keywords, social media, display advertising, audience, and similar sites and apps. Prices will depend on what you want from the service.
You couldn’t have been expecting anything else, surely? With detailed searches, categorization, rules, alerts, and over 85 million sites monitored, you can refine the platform to monitor what matters to you.
Our Facebook and Twitter channels allow you to monitor your competitor’s social media output. You can create searches to track all mentions of your competitors across the web, staying up to date with their content and news stories.
Track the entire conversation around your industry to watch changing share of voice, monitor sentiment around each brand, keep tabs on your competitor’s content, and discover new business opportunities by uncovering conversations you never knew existed. Alerts and Signals will notify you of trends and news.
You can get some great insight by looking at the people who follow your competitors on social. With Audiences you can analyze a following and look at their demographics, influencers, and the content they share.
You can even create audiences based on the brands they’ve mentioned, meaning you can find out who talks about your competitors and what kind of people are active in your industry too.
You can even download their followers as a list to target them with competitive Twitter ads. Very handy.
As well as tracking backlinks and rankings, Spyfu has a great keyword feature showing how many keywords your competitors rank for and how much their keyword focus overlaps with yours. Several features are available for free (with data limits), prices start from $33/month and there is a 30-day money back guarantee.
Ahrefs is a great SEO and keyword research tool. You can use it to see what your competitors are ranking for, how much organic traffic they’re getting, and see what content of theirs is performing the best. It’s not too expensive either.
You can also compare domains to see content gaps, track specific keywords over time, while they’ve also added keyword data for sites like YouTube, Baidu, and Amazon.
Analysis shows a range of metrics around keywords, paid search, and rankings. You can search 10 URLs which will show limited results. To see all the data you need to upgrade, with prices starting from $99/month.
A wide range of link analysis is available, including an overview of backlinks, country and industry breakdown, and link age. Links have all been confirmed as active in the last 90 days. The free account is detailed, but access to the full range of SEO tools starts at $49.95.
New links, lost links, new competitor’s links and weekly domain changes will all be emailed to you once you have set up your account. Prices start from $24.90/month for 1 domain and 2 competitors, and a 30-day free trial is available.
The free tools allow you to search for content by keyword or entering a competitor’s URL. You can then refine the search by publish date, content type, and shares across social sites. It also has a trending section for different industries. More data and tools are available in the paid account, with prices starting at $99/month.
There is no shortage of news aggregator sites available. Feedly allows you to customize the sites you are following, so you can segment by general industry trends, clients, competitors. A browser extension exists to quickly add sites to your feed. A Pro account is $5.41 a month, but the free version will keep you up to date with content without any fuss.
The tool identifies your top PPC competitors, reveals their monthly budget and entire Adwords strategy. You can access seven years worth of PPC and SEO keyword data. Prices start from $59/month.
See where your competitors are advertising and what their ads look like, and how effective these adverts are. You can also access campaign data from 150,000 top performing display publishers. Prices start from $299/month.
This is an incredibly powerful suite of tools. There’s a number of paid options (some of which will only be affordable for big agencies), but you can get a free taster. As part of this you can get a Searchmetrics SEO visibility score which shows how well a domain is ranking. You can then chuck in some competitors to see how they’re performing too.
Founded 20 years ago and owned by Amazon, Alexa ranks sites based on their traffic volume. Alexa also provides metrics such as daily pageviews per visitor, bounce rate, time spent on site and demographics. The basic plan starts at $79/month, but you get your first 7 days free to see if the tool is right for you.
Prisync tracks competitor prices and available stock automatically and reports this in a web dashboard or e-mail alert. This means you no longer have to continuously manually check your competitor’s websites.
A free account is available, paid starts from $49/month.
We’ve included them again as there are so few choices in this category Knowing when your competitors are conducting A/B tests can be invaluable. It offers an insight into their campaigns and approach, while giving you a warning system if they’re about to try something new. iSpionage offers this as part of their $99/month package along with a bunch of other features. Certainly worth a look.
Get access to free expert-built dashboards, daily email bulletins, unique reports and more to help you understand how consumer are responding.