what is a competition analysis

https://competitionanalysissamplecraft.stonefielddigest.com/posts/how-a-competition-analysis-sample-reveals-your-seo-agency-s-next-retainer-opportunity

A competition analysis is when you look closely at other businesses in your field to see what they're doing well, where they're struggling, and how you can stand out. It's like doing reconnaissance—you check their products, pricing, marketing, and customer reviews to spot gaps in the market. This helps you make smarter decisions, avoid costly mistakes, and find your own edge.