They say to know your enemy. We’re not necessarily saying that your competitors are your enemies… but you should know them too. And competitive benchmarking helps get you there.
With qualitative and quantitative methodologies, competitive benchmarking gives you the lowdown on your competitors, arming you with information to answer the following questions:
Think of it this way: If your business moved into a new neighborhood and you wanted to have the most attractive office building in town, you’d be taking regular walks around the block to check what neighbors are doing with theirs. You’d especially keep your eyes on the companies that have been on the block the longest and have a reputation for being the best, making sure they haven’t come across some new architectural method or a particularly handsome gargoyle. Because if they are the neighborhood standard, they are the standard your company should be measuring itself against.
It works the same way with a competitive benchmarking analysis. When entering and operating in a marketplace, it is absolutely paramount that you benchmark yourself against your competition. Otherwise, your customers are measuring you against a standard you simply cannot see or understand.Learn More
Our difference starts with our Field Agents. Anytime a competitor opens their door, we have a qualified and vetted Field Agent somewhere close by, ready to check them out on your behalf. With over 300,000 Agents spread across the US and Canada, our Field Agent database is the best in the business — we know, we ran a competitive benchmarking on it.
But of course, it's not just our agents. Our Quality Assurance and Analytics teams are always on hand to make sure that the data our agents collect is quickly turned into accurate and actionable insights. Throw in the fact that we have been designing competitive analyses for Fortune 100 and 500 companies for more than a decade, and you start to see the TrendSource difference.
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