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Spying on the competition in dropshipping: how should you proceed?

In the dropshipping business, it is necessary to observe and keep an eye on changes made by competitors. With the information you obtain, you can take the necessary measures and adapt your strategy as you go along. Why should you monitor your competitors? What should you do?

Spying on the competition: why should you do it?

By spying on your competitors, you will have the opportunity to learn and be inspired by others. The more you know about their strategies, techniques and skills, the better for you. By taking inspiration from others, you will improve. You will have a better insight into the practice of your competitors. You will be able to learn more about their good practice. By using a tool like Minea, you will have a great advantage. The aim is to gather as much information as possible about your competitors and find the winning products. 

How to spy on your competitors? What are the different elements to spy on?

Spying on the competition is not always a malicious act. It is a way of finding out a little more about your field of activity and the other players who share the market with you. When doing so, you should be content to follow legal procedures and not to drift.

Spying on a competitor is easy when you have the right tools at your disposal. However, for competitive intelligence to bear fruit, you need to apply an effective strategy . To do this, you need to know what you need to spy on your competitors. 

  • Spying on traffic 

By using certain tools, you will be able to know the volume of traffic of your competitors (the average traffic). You will need to find out about their traffic source. Try to find out more about their traffic demographics. Find out who visits the site and what they do. If your competitors are getting a lot of traffic, try to find out why users like that site. Is it because of the promotion of the shop or the content. 

  • Spying on advertising 

On the web, there are various free tools for spying on competitors. By using the right tools, you can find out which platforms your competitors are using to advertise. You will know if you should use these same tools to advertise. You will be able to see which ads are most suitable. You will only have to analyse why the ads got so many clicks. You will also be able to see the landing pages of your competitors that have managed to convert many users. 

By collecting essential information about your competitors, you can better refine your own ad marketing strategies. You will have the essential data to enable you to improve your ads and acquire a higher conversion rate. 

  • Spying on social networks

Use a spy tool to keep track of which social networks your competitors are on. You can also see what they are posting (the type of content). Use the information available to you to find out more about them and their performance. Monitor their audience and engagement rates. By doing the right research, you will learn more about what to look for. 

Look at your competitors' advertising campaigns. Are their ads successful? Do they advertise on social networks? By taking inspiration from your competitors, you can discover the best ways to advertise in your industry. 

  • Spying on blog and website content 

By seeing your competitors' content, you can improve the content strategy of your website and blog. Visit their websites regularly. Look at the content they publish and share on social networks. Look at the frequency of their posts, engagement and traffic. 

  • Spying to find a winning product

On the market, you will find an all-in-one tool like Minea. It has the essentials for finding a winning product and spying on competitors. It has an intuitive and easy-to-use dashboard. To make the search easier, you can use filters to analyse sponsored ads and social networks in detail.

Minea: a tool to see the competition in dropshipping

Minea is a tool with two main features:  

  • AdSpy Tool

This feature offers the possibility :

  • Spy on ads on social networks;
  • Analyse the Ads ;
  • To find a winning product in different fields such as cooking, health, fashion, etc. 

The user only has to enter a query on the search base. He will see the ads displayed automatically by "last seen date". You can also filter the Ads according to different parameters such as keywords, Facebook page name, country, e-commerce platform, etc.

  • The "Shops" section

With this tab, you can spy on the online shop of other e-tailers to see their winning products. It will be more convenient to analyse their strategies. You will have access to different filters such as the category of the e-shop, the technology of the shop, etc. 

When the results are displayed, you will be able to choose a specific shop to get more information about the niche, the language, the number of shared publications. With Minea, you will have the essential keys to know how to spy on a competitor.

Some effective strategies for spying on your competitors 

In dropshipping, how to spy on the competition? To be successful, you will need to apply different strategies. By following certain steps, you will be able to obtain the right information that will work in your sector. 

  • Identify and rank competitors  

Once you know who your competitors are, you can carry out a competitive analysis. You don't need to draw up a list to discover the main players in the market. Simply select the most important players in your sector that you plan to monitor. Referencing is not enough. You'll need to use your knowledge and expertise to identify them. You'll need to look at direct competitors (those who sell products similar to yours) and indirect competitors (those who develop products that can compete with yours).

  • Anticipate your competitors' growth opportunities through their social media 

Monitor the social media strategies of your competitors. If they have been successful with their strategies, try to find out more about the social networks that have made them popular. Try to see the right social network where your target audience is most receptive. This way you will know where you should redirect your efforts. You will be able to find essential information through the past experiences of your competitors. You may even find an idea that others have not found before. 

Conclusion

Thanks to spying, you'll get a better overview of your competitors and their skills. You'll also be able to see their marketing strategy and draw inspiration from it. In dropshipping, spying on the competition will help you discover the winning products. To keep an eye on other players in your field, use a tool like Minea.

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