Their communication channels such

[israt9623525]

The goals they want to achieve. The challenges they face in their lives. The needs and requirements they want to meet. You can find out all this information through: Opinion polls. Your previous experience with your target audience. Social media groups. Search engines like Google. Competitors' social media sites. 4- Competitor analysis In order to understand and analyze competitors well, you must know the following: Quality of products and services, study the features and benefits offered by the competitor to the public and compare them with the quality of your products.


Knowing their prices and how the price is consistent with instagram database the quality of the product or service, and the impact of this on your company’s competition with them. Their strengths and weaknesses. as (Facebook, Instagram, Telegram, website,…) Their marketing system because understanding the marketing methods your competitors are using helps you come up with new and innovative ideas in your marketing plan. How do they communicate with their audience? What attracts audiences to competitors? Their Distribution Channels By knowing where their products are located you can discover new avenues of distribution that they are not using.


Competitor research helps you understand the competition in the market, determine your position among competitors, and identify growth opportunities that can be exploited for the success of your business. 5- Determine marketing objectives Defining marketing objectives is the basis on which the marketing plan is developed. Objectives are determined based on market analysis and understanding the needs and objectives that the company wants to achieve. There are several types of objectives that can be set in the marketing plan, including, for example: Increase brand awareness. Increase sales. Increase the company's market share. Maintain customer loyalty.