Regularly monitoring your competitors is essential to stay updated on market trends and shifts. You can use various tools and techniques for this purpose:
Social Media: Follow competitors on social media platforms to keep an eye on their marketing strategies and customer interactions. News and Publications: Stay updated with industry news and publications that may provide insights into competitors' activities. Customer Feedback: Read reviews and feedback on competitors' products or services to understand their strengths and weaknesses. Website Analytics: Use tools like Alexa or SimilarWeb to analyze competitors’ website traffic and performance.