Overview

  • Founded Date May 29, 1901
  • Posted Jobs 0
  • Viewed 260

Company Description

How Competitive Research Transformed My Business

A few weeks ago, a merchant switched from traditional social media posts to visual content and achieved a dramatic improvement in interaction and a one hundred twenty-seven percent boost in conversion rates.

I suggest categorizing competitors as:
* Main competitors (offering very similar products/services)
* Peripheral competitors (with limited resemblance)
* Potential disruptors (new entrants with game-changing models)

Assisting an gadget shop, we identified that their normal transaction experience was causing avoidable problems for Saudi customers. After applying tailored enhancements, their process dropout frequency decreased by thirty-seven percent.

When I started my online business three years ago, I was certain that our special products would be enough. I dismissed market research as a waste of time – a mistake that nearly ruined my entire venture.

Our analysis has demonstrated that Saudi users especially trust these trust signals:
* Saudi location information
* Saudi certification marks
* Detailed return policies
* Riyal costs with inclusive transportation fees

Recently, a restaurant owner in Riyadh expressed frustration that his venue wasn’t showing up in Google searches despite being highly rated by customers. This is a typical problem I encounter with local businesses throughout the Kingdom.

Begin by identifying ALL your rivals – not just the major ones. Throughout our investigation, we identified that our most significant threat wasn’t the famous brand we were tracking, but a emerging company with an innovative strategy.

For a healthcare center in Jeddah, we boosted their geographic discoveries by nearly one hundred percent by ensuring their company details was completely identical in both Arabic and English on all directories.

I presently use several tools that have substantially enhanced our competitive research:
* SEO tools to monitor competitors’ search rankings
* Social listening tools to track competition’s digital footprint
* Digital tracking solutions to monitor updates to their websites
* Newsletter subscription to get their campaigns

Recently, I witnessed as three similar businesses spent significantly into growing their presence on a specific social media platform. Their attempts were unsuccessful as the medium turned out to be a poor fit for our industry.

I spend at least a substantial amount of time each week examining our competitors’:
* Digital structure and user experience
* Articles and publishing frequency
* Online platforms engagement
* Customer reviews and evaluations
* SEO strategy and positions

I use a simple tracker to record our rivals’ costs adjustments on a regular basis. This has already enabled us to:
* Spot cyclical promotion cycles
* Recognize package deal strategies
* Understand their cost structure

A fashion retailer saw a ninety-three percent improvement in mobile conversion after implementing these improvements:
* Streamlined data entry
* Finger-optimized buttons
* Simplified purchase flow
* Faster loading durations

Key improvements included:
* Including preferred Saudi transaction options like Mada
* Streamlining address entry for Saudi addresses
* Offering Arabic translation throughout the checkout experience
* Presenting arrival times customized to Saudi regions

A few months ago, an online store was struggling with a dismal 0.8% sales percentage despite substantial traffic. After executing the approaches I’m about to reveal, their purchase ratio increased to 3.7%, generating a three hundred sixty-two percent growth in income.

Two quarters into operations, our conversions were underwhelming. It wasn’t until I chanced upon a thorough analysis about our market sector that I discovered how oblivious I’d been to the market realities around us.

Effective approaches included:
* Showcasing family values rather than personal benefits
* Incorporating subtle religious references where relevant
* Adapting promotion language to match Saudi cultural norms
* Creating distinct creative alternatives for different regions within the Kingdom

Important methods included:
* Working with Saudi native speakers to identify genuine lookup habits
* Analyzing regional rivals for keyword insights
* Building a User-Friendly Arabic Interfaces-English search term structure to attract the complete range of users
* Implementing local language variations instead of classical terminology

Important components included:
* Mobile-first message presentations
* Touch-to-contact enhancements for voice-preferred customers
* Application advertising for relevant searches
* Device-specific landing pages

Through comprehensive research for a cuisine platform client, we discovered that campaigns delivered between evening hours substantially exceeded those presented during traditional peak hours, generating substantially higher conversion rates.

For a travel customer, we found that direct translation of their foreign queries produced exceptionally inefficient investment. After implementing a culturally-appropriate query approach, their cost per acquisition reduced by over seventy percent.