{"id":183140,"date":"2023-11-23T16:16:19","date_gmt":"2023-11-23T16:16:19","guid":{"rendered":"https:\/\/www.similarweb.com\/blog\/?p=183140"},"modified":"2025-05-13T08:31:36","modified_gmt":"2025-05-13T08:31:36","slug":"avoid-losing-business","status":"publish","type":"post","link":"https:\/\/www.similarweb.com\/blog\/marketing\/marketing-strategy\/avoid-losing-business\/","title":{"rendered":"How to Avoid Losing Business to Your Competitors"},"content":{"rendered":"<p>Is your traffic not rising like you wanted it to? Are your conversions plummeting? That unsubscribe button on your email marketing getting hit hard?<\/p>\n<p>Answer yes to any of these questions, and this points towards potential customers running out the door, away from your business.<\/p>\n<p>Now, for the next big question: Where is that target audience of yours <em>going<\/em>?<\/p>\n<p>*Harsh truth alert* but they\u2019re probably going to your main competition. Here\u2019s how to stop losing customers to your competitors:<\/p>\n<h2>5 ways to stop losing business to your competitors<\/h2>\n<h3>1) Understand where your customers are going (and why)<\/h3>\n<p>Okay, so what\u2019s the deal? What have your competitors got that you don\u2019t?<\/p>\n<p>To figure this out, you need to look into your competitors as business &#8211; what they offer, how they promote it, their <a href=\"https:\/\/www.similarweb.com\/blog\/research\/audience-and-brand-building\/target-audience-analysis\/\">target audience<\/a>, and how it\u2019s actually going for them.<\/p>\n<p><a href=\"https:\/\/www.similarweb.com\/corp\/web\/competitive-analysis\/\">Competitor analysis tools<\/a> like Similarweb offer you the website performance and engagement data of all your competitors, helping you to perform <a href=\"https:\/\/www.similarweb.com\/blog\/research\/company-research\/swot-analysis\/\">SWOT analysis<\/a>. That\u2019s the strengths and weaknesses, as well as your opportunities and threats as a business.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-183153 size-full\" src=\"https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-website-engagement.png\" alt=\"website engagement stats\" width=\"1364\" height=\"969\" srcset=\"https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-website-engagement.png 1364w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-website-engagement-300x213.png 300w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-website-engagement-1024x727.png 1024w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-website-engagement-768x546.png 768w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-website-engagement-512x364.png 512w\" sizes=\"(max-width: 1364px) 100vw, 1364px\" \/><\/p>\n<p>By comparing multiple competitors at once, you can assess the traffic share between you all, and prioritize your biggest competitors versus your lesser competitors. This will help you spend your time and efforts more efficiently.<\/p>\n<p>However, competitors can be competitors for a number of reasons &#8211; it\u2019s not all about general <a href=\"https:\/\/www.similarweb.com\/website\/\">website traffic<\/a>. Consider their SEO and PPC campaigns, and run a <a href=\"https:\/\/www.similarweb.com\/blog\/marketing\/seo\/content-gap-analysis\/\">content gap analysis<\/a> and <a href=\"https:\/\/www.similarweb.com\/blog\/marketing\/seo\/keyword-gap-analysis\/\">keyword gap analysis<\/a> to see where you\u2019re missing out and spot opportunities for your own website.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-183149 size-full\" src=\"https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-keyword-gap.png\" alt=\"Keyword gap tool\" width=\"1571\" height=\"818\" srcset=\"https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-keyword-gap.png 1571w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-keyword-gap-300x156.png 300w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-keyword-gap-1024x533.png 1024w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-keyword-gap-768x400.png 768w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-keyword-gap-1536x800.png 1536w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-keyword-gap-512x267.png 512w\" sizes=\"(max-width: 1571px) 100vw, 1571px\" \/><\/p>\n<p>Among this research, you will probably find pages that are particularly high-performing for your competitors. Maybe they keep appearing when you type in a keyword (that you want for yourself) on search.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-183151 size-full\" src=\"https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-organic-pages-3.0.png\" alt=\"Organic pages breakdown\" width=\"1364\" height=\"703\" srcset=\"https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-organic-pages-3.0.png 1364w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-organic-pages-3.0-300x155.png 300w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-organic-pages-3.0-1024x528.png 1024w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-organic-pages-3.0-768x396.png 768w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-organic-pages-3.0-512x264.png 512w\" sizes=\"(max-width: 1364px) 100vw, 1364px\" \/><\/p>\n<p>For the numbers \u2013 and all the other keywords \u2013 behind them, head to Organic Pages. Here you\u2019ll be able to gather a full understanding of the page\u2019s performance, with details including:<\/p>\n<ul>\n<li>Number of clicks<\/li>\n<li>Change in clicks from previous months<\/li>\n<li>Yearly trend<\/li>\n<li>Average position on search<\/li>\n<li>Keywords linked to this page<\/li>\n<li>Top keyword<\/li>\n<li><a href=\"https:\/\/www.similarweb.com\/blog\/marketing\/seo\/serp-features\/\">SERP features<\/a><\/li>\n<\/ul>\n<h3>2) Know your audience better than your competition<\/h3>\n<p>Thorough <a href=\"https:\/\/www.similarweb.com\/blog\/marketing\/marketing-strategy\/competitive-analysis\/\">competitor research<\/a> is all well and good (it really is), but without proper knowledge about your target audience, you won\u2019t get too far. This includes understanding who <em>could<\/em> be heading to competitors\u2026<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-183147 size-full\" src=\"https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-audience-overlap.png\" alt=\"Audience overlap tool\" width=\"1362\" height=\"795\" srcset=\"https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-audience-overlap.png 1362w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-audience-overlap-300x175.png 300w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-audience-overlap-1024x598.png 1024w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-audience-overlap-768x448.png 768w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-audience-overlap-512x299.png 512w\" sizes=\"(max-width: 1362px) 100vw, 1362px\" \/><\/p>\n<p><em>Use tools like Audience Overlap to see just how much of a crossover there is between your audience and your competitors\u2019. Factor this into your competitive strategy.<\/em><\/p>\n<p>You need to understand who your target audience are to truly understand buyer behaviors and to perfect your user experience. Without this knowledge, they\u2019ll fall out of the user journey along the way, or worse: they\u2019ll never enter it at all.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-183148 size-full\" src=\"https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-demographics.png\" alt=\"Audience demographics data\" width=\"1363\" height=\"717\" srcset=\"https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-demographics.png 1363w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-demographics-300x158.png 300w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-demographics-1024x539.png 1024w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-demographics-768x404.png 768w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-demographics-512x269.png 512w\" sizes=\"(max-width: 1363px) 100vw, 1363px\" \/><\/p>\n<p>Things you want to know about your audience:<\/p>\n<ul>\n<li>Buying behaviors<\/li>\n<li>Age and gender<\/li>\n<li>Location\/geography<\/li>\n<li>Interests and hobbies<\/li>\n<li>Other favorite websites<\/li>\n<\/ul>\n<p>You can get this kind of information through your current customer database and interview them, even if that is just sending out a survey or questionnaire. Include an incentive to make it worth their while &#8211; because <em>every<\/em> target audience is the same in that effect.<\/p>\n<h3>3) Analyze your competitors\u2019 promotion tactics<\/h3>\n<p>Now you know a bit about your competitors\u2019 digital performance <em>and<\/em> you\u2019ve spotted the audience overlaps and similarities between you, you better start looking at their marketing and promotion tactics.<\/p>\n<p>But how do you get insight into your competitors\u2019 marketing strategy? Isn\u2019t that kinda\u2026 secret?<\/p>\n<p>WRONG. Data lets you, me, us, and your uncle\u2019s cat get behind the scenes of rival strategies and tactics if we want it &#8211; but only if you have access to the right data (which, by the way, your uncle\u2019s cat probably doesn\u2019t).<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-183150 size-full\" src=\"https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-marketing-channels.png\" alt=\"Marketing channels overview\" width=\"1362\" height=\"398\" srcset=\"https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-marketing-channels.png 1362w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-marketing-channels-300x88.png 300w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-marketing-channels-1024x299.png 1024w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-marketing-channels-768x224.png 768w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-marketing-channels-512x150.png 512w\" sizes=\"(max-width: 1362px) 100vw, 1362px\" \/><\/p>\n<p>Tools like Similarweb dive deep into traffic sources, including the numbers behind each channel<em>. <\/em>You can <em>even <\/em>see the specifics into different social media platforms and referrals to spot partnerships that could be enticing your audience in, making them choose your competitors over you.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-183152 size-full\" src=\"https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-social-media-channels.png\" alt=\"Social media channels\" width=\"1357\" height=\"485\" srcset=\"https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-social-media-channels.png 1357w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-social-media-channels-300x107.png 300w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-social-media-channels-1024x366.png 1024w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-social-media-channels-768x274.png 768w, https:\/\/www.similarweb.com\/blog\/wp-content\/uploads\/2023\/11\/avoid-losing-business-social-media-channels-512x183.png 512w\" sizes=\"(max-width: 1357px) 100vw, 1357px\" \/><\/p>\n<h3>4) Highlight your unique selling points<\/h3>\n<p>Okay, so where can you win one over on them? What have YOU got that they haven\u2019t?<\/p>\n<p>This is where you bring in your <a href=\"https:\/\/www.similarweb.com\/blog\/marketing\/marketing-strategy\/competitive-advantage\/\">competitive advantage<\/a> &#8211; you know, your unique selling point or USP.<\/p>\n<p>Take that, embrace it, and big it up. It might be that you\u2019re a cheaper alternative, it might be that you include free installation or delivery, it might be that you include cashback. Whatever it is, make sure everyone knows about it.<\/p>\n<p>Be inspired by your competitors\u2019 promotion tactics &#8211; all you have to do is make your promotional plan 10x better. Start to think about how you can <a href=\"https:\/\/www.similarweb.com\/blog\/marketing\/seo\/steal-competitors-keywords\/\">steal competitors\u2019 keywords<\/a>, push hard on paid search, spruce up your socials, and connect more with your audience via quality content.<\/p>\n<p>But before starting that, you\u2019ve got to finalize one thing\u2026<\/p>\n<h3>5) Optimize your messaging and strategy<\/h3>\n<p>But it\u2019s not all about having a competitive edge and saying \u201c<em>Look over here, here\u2019s why we\u2019re better<\/em>\u201d.<\/p>\n<p>You need to look at your current strategy and its messaging. Ask yourself questions like:<\/p>\n<ul>\n<li>Which of my competitor strengths can I take inspiration from?<\/li>\n<li>How can I turn my competitor&#8217;s weaknesses into business opportunities?<\/li>\n<li>Is our messaging clear and concise?<\/li>\n<\/ul>\n<p>The thing is, too many times brands assume knowledge for their target audiences, when really, their messaging just leaves customers in the dark\u2026 and heading straight for competitors\u2019 checkouts. And just like that, you\u2019re losing business to your competitors again.<\/p>\n<p>Take everything you\u2019ve learned in the research process and develop a strategy that hooks in your target audience, simply highlighting who you are, what problem you solve, and why you\u2019re better than the rest.<\/p>\n<p>And don\u2019t forget, the search landscape is always changing so your competitors\u2019 strategy will be too. Don\u2019t be left behind &#8211; keep up the good work by regularly monitoring and optimizing your strategies.<\/p>\n<h2>Power your marketing strategy with digital data<\/h2>\n<p>The moral of the story? On one hand you\u2019ve got your competitors, but your best friend? Your best friend is data.<\/p>\n<p>This best friend of yours can tell you everything you need to know about your own successes and failures as an online business, but also everything you want to know about your competitors, not to mention your opportunities to win over your customers against them.<\/p>\n<p>Similarweb has all the data, insights and tools you need for extensive, impactful and actionable:<\/p>\n<ul>\n<li>Competitor analysis<\/li>\n<li><a href=\"https:\/\/www.similarweb.com\/blog\/marketing\/seo\/keyword-research\/\">Keyword research<\/a><\/li>\n<li>Benchmarking<\/li>\n<li>Monitoring and tracking<\/li>\n<\/ul>\n<p>All so you can avoid losing business to your competitors, and stay ahead of the game. Don\u2019t just take our word for it &#8211; try Similarweb for free, today.<\/p>\n<p><em>    <div class=\"post-banner post-banner--base\">\n        <div class=\"post-banner__wrapper\">\n            <div class=\"post-banner__text\">\n                                    <p class=\"post-banner__title\">Outrank and outperform your competitors<\/p>\n                                    <p class=\"post-banner__subtitle\">Gain the competitive advantage with the power of data.<\/p>\n                                <div class=\"post-banner__button-wrapper\">\n                                            <a class=\"swui-button swui-button--solid swui-button--primary post-banner__button js-post-banner\"\n                           href=\"https:\/\/account.similarweb.com\"\n                           data-disable-dynamic-tracking\n                        >Try Similarweb free<\/a>\n                                    <\/div>\n            <\/div>\n                    <\/div>\n    <\/div>\n<\/em><\/p>\n<h2>FAQs<\/h2>\n<p><strong>Why is it important to avoid losing business to competitors?<\/strong><\/p>\n<p>In today&#8217;s competitive business landscape, losing customers to competitors can impact your bottom line and <a href=\"https:\/\/www.similarweb.com\/blog\/research\/market-research\/market-presence\/\">market presence<\/a>. Retaining customers is crucial for sustained success.<\/p>\n<p><strong>How can I identify my competitors?<\/strong><\/p>\n<p>To identify businesses that offer similar products or services in your industry, you can conduct <a href=\"https:\/\/www.similarweb.com\/blog\/research\/market-research\/what-is-market-research\/\">market research<\/a>, search the web, or use competitive analysis tools like Similarweb for a more complete view of your competition online.<\/p>\n<p><strong>What strategies can I use to differentiate my business from competitors?<\/strong><\/p>\n<p>Focus on unique value propositions, exceptional customer service, product innovation, and effective marketing. Highlight what sets your business apart to attract and retain customers.<\/p>\n<p><strong>What role does online presence play in staying competitive?<\/strong><\/p>\n<p>A strong online presence is crucial for visibility. Invest in a user-friendly website, utilize social media, and leverage online marketing strategies to reach and engage your target audience.<\/p>\n<p><strong>How often should I assess and adjust my business strategies to stay competitive?<\/strong><\/p>\n<p>Regularly evaluate market trends, customer feedback, and the performance of your competitors. Adjust your strategies accordingly to stay agile and responsive to changing business conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is your traffic not rising like you wanted it to? Are your conversions plummeting? That unsubscribe button on your email marketing getting hit hard? Answer yes to any of these questions, and this points towards potential customers running out the door, away from your business. Now, for the next big question: Where is that target [&hellip;]<\/p>\n","protected":false},"author":469,"featured_media":183265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2803,7009],"tags":[],"class_list":["post-183140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marketing","category-marketing-strategy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Avoid Losing Business to Your Competitors | Similarweb<\/title>\n<meta name=\"description\" content=\"If you\u2019re not seeing the revenue you want, it probably went to your competitors. 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