What is a competitor analysis in digital marketing and how can it benefit your marketing strategy?

A competitor analysis is a critical step in digital marketing where you evaluate what competitors are doing, where they're excelling, and where opportunities exist for you to outperform them. You can use various tools such as Ubersuggest, SEMrush, and Ahrefs to see which keywords competitors rank for, what content they produce, and how their social media strategies work. By conducting this analysis, you can identify gaps in competitors' strategies and capitalize on them in your own digital marketing plan. These insights help you craft the right message, choose appropriate platforms, and optimize your marketing efforts based on competitive intelligence rather than starting from scratch.