There are various tools available for effective competitor analysis:
SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats): This framework helps in understanding the internal and external factors affecting competitors. Benchmarking: Comparing your business processes and performance metrics to industry bests and best practices from other companies. Online Tools: Platforms like SEMrush, Ahrefs, and Google Alerts can provide insights into competitors' online activities and SEO strategies.