Competitive Analysis & Market Research Tracking
Build comprehensive competitive intelligence systems that track competitors, analyze market positioning, and identify opportunities—all in spreadsheets with AI assistance.
Why Structured Competitive Analysis Matters
Competitive intelligence isn't just about knowing what your competitors are doing—it's about systematically tracking trends, identifying gaps in the market, and making strategic decisions based on data rather than gut feel.
Most teams keep competitive information scattered across emails, documents, and people's heads. A structured competitive analysis system centralizes this intelligence, making it actionable and accessible to everyone who needs it.
Building a Competitor Database
Start with a comprehensive competitor profile system:
Company Overview
- Company Name: Full legal name and common brand name
- Website & Social Links: Primary digital presence
- Headquarters & Geography: Where they operate
- Company Size: Employee count and growth trajectory
- Funding Stage: Bootstrap, Seed, Series A, B, etc.
- Total Funding Raised: Capital available for competition
- Founded Date: How mature is the company?
Product & Positioning
- Product Description: What they actually sell
- Target Customer: Who they're selling to
- Value Proposition: Their main pitch/messaging
- Key Features: What makes their product unique
- Pricing Model: How they charge (and how much)
- Market Positioning: Budget, mid-market, or enterprise
AI-Powered Setup
Tell Ardin: "Create a competitor tracking system with company profiles, product features, pricing, and market positioning. Include comparison views and gap analysis." It will build the entire structure with proper lookups and calculations.
Feature Comparison Matrix
One of the most valuable competitive tools is a feature comparison matrix. This shows at a glance where you lead, where you're behind, and where opportunities exist.
Building the Matrix
- List all relevant features in rows
- Add competitors in columns (including your product)
- Use a simple scale: ✓ (has feature), ✗ (doesn't have), ⊕ (partial)
- Add notes for nuance (e.g., "has feature but limited")
- Color-code based on competitive advantage
Feature Categories to Track
- Core functionality
- Integrations & API capabilities
- Security & compliance (SOC2, GDPR, etc.)
- Deployment options (cloud, on-prem, hybrid)
- Mobile apps & offline access
- Collaboration features
- Reporting & analytics
- Support & SLA options
Best Practice
Update your feature matrix quarterly, or immediately after competitor launches or updates. Set calendar reminders to review competitor websites and release notes systematically.
Pricing Intelligence
Pricing is often the most important competitive data point. Track competitor pricing comprehensively:
Pricing Dimensions to Capture
- Tier Names: Free, Starter, Pro, Enterprise, etc.
- Monthly Price: List price for monthly billing
- Annual Price: Discounted annual rate
- Per-User vs. Flat Fee: How pricing scales
- Feature Differences: What each tier includes
- Usage Limits: API calls, storage, seats, etc.
- Add-on Pricing: Extra features or capacity
- Enterprise Pricing: Custom pricing signals
Pricing Analysis
Beyond capturing prices, analyze the data:
- Calculate price per feature or price per capability
- Identify pricing outliers (unusually high or low)
- Track pricing changes over time
- Compare value perception (features vs. price)
- Map pricing to target customer segments
Market Positioning Map
Create a 2x2 positioning map to visualize the competitive landscape:
- X-axis: Price (Low to High) or Complexity (Simple to Advanced)
- Y-axis: Features (Basic to Comprehensive) or Target Market (SMB to Enterprise)
- Plot each competitor on the map
- Identify white space (underserved areas)
- See where competitors cluster
AI Prompt: "Create a competitive positioning map with price on X-axis and feature completeness on Y-axis. Include all competitors from my database."
Pro Tip
Use scatter plots in your spreadsheet to visualize positioning dynamically. As you update competitor data, the chart updates automatically, helping you spot positioning shifts in real-time.
Tracking Competitor Activity
Beyond static profiles, track ongoing competitor moves:
Activity Log Structure
- Date: When the activity occurred
- Competitor: Which company
- Activity Type: Product launch, funding, hire, partnership, etc.
- Description: What happened
- Source: Where you learned about it (press release, social media, etc.)
- Impact Assessment: High, Medium, Low threat/opportunity
- Action Required: What should we do about it?
Key Activities to Track
- Product launches and feature releases
- Pricing changes and new packaging
- Funding rounds and acquisitions
- Key hires (especially leadership)
- Strategic partnerships
- Marketing campaigns and positioning changes
- Customer wins and losses
- Geographic expansion
Win/Loss Analysis
Track deals you win and lose against specific competitors to identify patterns:
Win/Loss Data to Capture
- Deal size and type
- Competitors involved in the deal
- Outcome (won, lost, no decision)
- Primary reason for outcome
- Which features/capabilities mattered most
- Price sensitivity
- Decision-maker concerns
Win/Loss Analytics
Aggregate your win/loss data to find insights:
- Win rate by competitor
- Win rate by deal size
- Common reasons for losses
- Feature gaps that cost deals
- Pricing position (too high, too low, just right)
AI Prompt: "Analyze my win/loss data and show win rates by competitor, common loss reasons, and deal size trends. Highlight patterns and opportunities."
Customer Interview Tracking
Some of the best competitive intelligence comes from customer conversations. Track these systematically:
- Interview date and participant
- Company and role
- Current solution (including competitors they use)
- Pain points mentioned
- Competitor strengths cited
- Competitor weaknesses mentioned
- Feature requests
- Key quotes and insights
Best Practice
Tag insights by theme (pricing concerns, usability issues, support quality, etc.). This lets you aggregate insights across interviews to spot trends rather than relying on individual anecdotes.
Competitive Intelligence Dashboard
Pull everything together into an executive dashboard:
- Competitor Count: Total active competitors tracked
- Recent Activity: Last 30 days of competitor moves
- Feature Gaps: Areas where competitors lead
- Win Rate Trends: How we're performing in deals
- Pricing Position: How we compare on price
- Threat Level: Which competitors pose biggest risk
- Market Opportunities: White space we could capture
Real-World Example: SaaS Competitive Tracker
Here's how a B2B SaaS company structures their competitive intelligence:
- Competitor Profiles: 15 active competitors with full profiles
- Feature Matrix: 50 key features compared across all competitors
- Pricing Table: All pricing tiers with annual updates
- Activity Log: Weekly tracking of competitor news and moves
- Win/Loss Database: All deals with competitive analysis
- Customer Insights: Interviews and feedback about competitors
- Positioning Map: Visual market landscape
- Executive Dashboard: Monthly summary for leadership
AI Prompt: "Build a complete competitive intelligence system with competitor profiles, feature matrix, pricing comparison, activity log, and win/loss tracking. Include dashboards and automated alerts."
Next Steps
Stop relying on fragmented competitive knowledge. Build a systematic competitive intelligence system that gives your entire team access to the insights they need. With Ardin's AI assistance, you can have a professional-grade competitive tracker up and running today.