A competitor analysis is a helpful way to analyze where each of your competitors stands in the market and identify ways to give your product an edge over them. You could spend hours researching this information on Google, or you could just ask ChatGPT and save yourself time and effort.

What information does ChatGPT need to provide you with a thorough competitor analysis?

• Define the industry or market in which the analysis is being conducted. For example, the competitive landscape for a mobile app in the travel industry would be different from that of a social media platform.
• Describe the information you need about your competitors. This could include their user demographics, product features, brand tone and voice, style, the language used in their content, the visual design of their product, strengths and weaknesses, and customer reviews, among other things. The exact nature of the information analyzed will depend on the goals of your study.
• Characterize the target audience or customer that the products or services are intended for. Understanding the target audience can help identify the key factors influencing their purchasing decisions.