If you are working in a SaaS company, chances are that you have many competitors. As if managing day-to-day marketing, product and relationships with customers were not enough, right ?
As buyers become more informed, understanding your competitors' products and strategies is crucial to crafting a better product and a message that resonates with prospective customers.
Unfortunately, staying ahead of their developments can be difficult. Product Marketers often get started by setting up a mix of Google Alerts, creating a #competitor-news Slack channel, and the occasional browsing of competitor websites to scout for eventual pricing changes.
While it’s quite simple, this approach leaves a lot of gaps, and it’s easy to miss important moves, such as the launch of new features and products. With too little time to react, you are always playing catch-up.
SaaS companies of all sizes need a smarter and easier way to stay on top of their competitor's moves. They need a constant stream of insights about their industry, so they grow by taking advantage of trends, shifts in competition, and changes of customer preferences.
In this guide, we will walk you through setting up an all-in-one competitor dashboard. For PMs, this means making smarter product decisions about your roadmap, while PMMs can craft better campaigns by knowing what competitors are up to. Let’s get started!