Top 10 Competitive Analysis Templates for Product Owners

Understanding your competitive landscape is key for product owners looking to navigate and succeed in robust markets. A Competitive Analysis template simplifies this process by providing a structured approach to evaluate competitors, understating their strategies, strengths, and weaknesses. This aids in making informed decisions and identifying opportunities for differentiation.

Before diving into creating your own Competitive Analysis study, consider exploring the templates mentioned below to streamline your assessment efforts and gain insights more effectively.

What Should Competitive Analysis Templates Include?

Choosing the right competitive analysis template can streamline your market research and enhance your strategic decisions. Here are key components to look for in an effective template:

  1. Market Overview - This section should provide a comprehensive view of the industry, including market size, growth trends, and key players.

  2. Competitor Profiles - Detailed profiles of each major competitor, including their products, market share, and unique selling propositions.

  3. SWOT Analysis - A structured assessment of strengths, weaknesses, opportunities, and threats for each competitor, aiding in strategic planning.

  4. Consumer Insights - Information on consumer behavior, preferences, and demographics to better understand the target market.

With these components, a competitive analysis template can provide a clear and actionable insight into your market landscape, helping to guide your product strategy effectively.

What Should Competitive Analysis Templates Avoid?

Choosing the right competitive analysis template is crucial for gaining accurate insights without being overwhelmed by unnecessary details. Here are three key components to steer clear of:

  1. Overly Complex Metrics: Avoid templates that include too many intricate metrics which can complicate the analysis and obscure key insights.

  2. Irrelevant Competitor Data: Ensure the template does not focus on irrelevant competitors, which can dilute the effectiveness of your strategic analysis.

  3. Static Content Fields: Steer clear of templates that do not allow customization. Dynamic fields are essential to tailor the analysis to specific industry needs.

Selecting a template that avoids these pitfalls will streamline your competitive analysis, making it easier to identify and act on strategic opportunities.

1Competitive Analysis

Track and stay ahead of competitors operating in your market. Edit individual items to add notes, screenshots, etc. about each competitor.

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2Feature market analysis

Quickly and elegantly identify differences between your product and primary competitors when it comes to features. Always have a sense of the market and where different players are innovating.

This can also help your sales team understand at a glance where they have opportunity to point out your product's unique advantages.

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3Competitor Analysis

Make sure your entire company understands your competitive landscape, where you're best in class, and where you still have room for growth. This is very helpful for keeping urgency high.

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4Competitive Positioning Framework

Use this table to quickly compare your brand or company to the competitors in your industry and develop differentiated solution/benefit statements, core differentiators, category(s), and market position. Take a look at incumbents and well-established competitors as well as emerging disruptors and innovators in your space. You might also consider comparing your company to complementary brands—brands your customers may already be loyal to or use in conjunction with your product, such as an integration.

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5Business Model Canvas

Business Model Canvas Template for Notion & FigJam
The Business Model Canvas splits a business model into 9 areas and invites you to brainstorm how your business will capitalize on each. Whether you're starting up a new business or trying to understand an existing one, the Business Model Canvas will help you map it out.

The Business Model Canvas is ideal for quick thinking and brainstorming with sticky notes, so grab your team and start thinking about:

Value Proposition. What does the business offer to meet the needs of its customers? What distinguishes it from its competitors? Is it something innovative? Price? Quality?

Key Activities. What does the business do to execute its value proposition?

Key Resources. What resources does the business have to give it an edge? People? Knowledge? Assets?

Key Partners. Does the business have any complimentary partnerships or relationships? Joint ventures or strategic alliances?

Customer Segments. Who are the customers? A niche market or mass appeal? Multiple different segments? Multi-sided market?

Customer Relationships. What sort of relationship will the business have with its customer segments? High touch sales? Self-service? Community-based?

Channels. What channels will the business use to get its value proposition to its customers? Marketing? Partnerships? Online or physical?

Cost Structures. How will the business expenses be structured? Fixed costs and variable costs? Economies of scale? Minimize costs or maximize value?

Revenue Streams. How will the business make money from its customers? Selling something? Subscription fees? Advertising?

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6SWOT Analysis

The template guides you through a systematic evaluation of Strengths, Weaknesses, Opportunities, and Threats associated with your project or initiative. also aids in the development of effective strategies to accomplish your goals. Through a clear understanding of the internal and external factors affecting your situation or idea, you can build a robust strategic plan that maximizes your strengths, addresses your weaknesses, leverages available opportunities, and mitigates potential threats.

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7Competitor Battlecards

Knowing your competition is one key to success. With this Competitor Battlecards template, you can see the landscape, know your positioning, and set your company up to win.

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8Competitive Analysis Template

A competitive analysis is an assessment of our competitor’s products & services to evaluate their strengths and weaknesses in comparison to ours. This template focuses on UX/UI analysis of competitors' products.

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9Competitor UX analysis

UX competitive analysis focuses on evaluating and comparing the user experience elements of competitors' products or services, like navigation, information architecture, visual design, content quality, usability, and overall user satisfaction.

In this process, you'll create a list of competitors (check out a competitor page), examine their features compared to yours (feature audit), look at how users interact with their product and what challenges they face (UX analysis), and put together a visual board for inspiration from their design choices (benchmarking).

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10Notion Competitor Monitoring Template

Our Notion Competitor Monitoring Template will allow you to jumpstart your competitive analysis without starting from scratch. This template contains four pages including a SWOT Analysis, a competitor Kanban board, guiding questions, and a 100+ resource database. Stay ahead of your competition and start using competitor insights to your advantage.

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Closing Thoughts

Utilizing these templates streamlines the process of understanding your competitors, allowing you to focus on strategic planning and innovation. They provide a structured approach to gather and analyze critical data efficiently.

By implementing these tools, you can identify market trends and potential opportunities more quickly. This proactive approach ensures you stay ahead in the competitive landscape. Start using these templates today to enhance your product strategy.

What is Market Positioning?

Market positioning refers to the strategic process of establishing a brand or product in a specific segment of the market, aiming to make it more appealing than its competitors.

What is SWOT Analysis?

SWOT Analysis is a tool used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or business venture.

What is Competitive Benchmarking?

Competitive benchmarking involves comparing a company's performance metrics and strategies to those of its top competitors to identify areas for improvement.

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