Competitor Analysis for business plan
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You will need to provide report 3 of competitions. I will send you the info of the 3 companies via PMB.
• Who are our competitors?
• What threats do they pose?
• What is the profile of our competitors?
• What are the objectives of our competitors?
• What strategies are our competitors pursuing and how successful are these strategies?
• What are the strengths and weaknesses of our competitors?
• How are our competitors likely to respond to any changes to the way we do business?
• What marketing and advertising do they do?
• What is their key message?
• What is the benefit of their product?
• Why do people buy their product?
• How much they make yearly(monthly)?
• How they start up?(Marketing strategy and how they do it? )
•Who is their target market? Who will buy their product?
•How much they invested?
Make sure you include:
• Family structure
• The size of this market
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- Set your budget and the timeframe
- Outline your proposal
- Get paid for your work
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