Understand your customers

How do I research my competitors properly?

The short answer

Go beyond their homepage: sign up, read their reviews, their churned-customer complaints, their job posts, and their pricing page. The gold is in what their customers wish were different, that's your wedge. Study them to find the gap, not to copy their roadmap.

Go deeper, your way

2 hand-picked resources, 1 link-checked. Pick how you want to dig in.

📖 Book
Paid Intermediate

Why we picked it The best book on positioning against competitors by understanding the alternatives customers actually consider. Directly turns competitive research into a market advantage.

Obviously Awesome: How to Nail Product Positioning so Customers Get It, Buy It, Love It

From aprildunford.com by April Dunford ~200 pages

  • Your real competition is often the status quo, not another product
  • Start positioning from the competitive alternatives your buyers consider
  • Differentiated value comes from your unique capabilities vs those alternatives
  • Choose the market frame that makes your strengths obvious
Open aprildunford.com →
🛠️ Tool
✓ Link checked Freemium Beginner

Why we picked it The fastest way to mine real customer complaints and comparisons about your competitors, the negative reviews are a free roadmap to your differentiation. A staple competitive-research tool.

G2, software reviews and competitive comparison

From G2 by G2 ongoing

  • Read competitor reviews (especially critical ones) to find unmet needs
  • Compare feature grids and pricing across alternatives quickly
  • Spot which segments love or hate a competitor
  • Use recurring complaints as your wedge into the market
Open g2.com →

Terms in this answer

Wedge

People also ask

What if my customers say they have no competitors, is that good or bad? Almost always bad, because it usually means the job isn't painful enough to spend money or effort on. If nobody's built anything, ask what people c... Beginner 2 resources → What tools should I use to track competitors and market landscape? Start free and manual before you pay for anything: Google Alerts and their newsletter for moves, G2/Capterra reviews for weaknesses, Crunchbase for... Intermediate 2 resources → How do I position against a bigger, better-funded competitor? Don't fight them on their strengths, reframe the category so your strengths matter most. Anchor on the competitive alternatives your best customers... Advanced 2 resources → How do I size the market and figure out if it's big enough? Build it bottom-up, not from a scary McKinsey top-down number: who exactly is the customer, how many are there, what will they pay, and how will yo... Intermediate 2 resources → How do I understand the competitive landscape for an Indian market specifically? Don't assume the US playbook maps onto India, pricing power, distribution, and willingness-to-pay are wildly different. Study who Indian customers ... Intermediate 2 resources → How do I do competitive research when my competitors are private and share almost no public numbers? Stop hunting for a leaked cap table and read the signals that are actually public: job postings (what they're building and where they're weak), pri... Intermediate 3 resources →

Also in How Founders Use AI

How founders actually use AI for this, over in Market Research.

How do founders validate a startup idea with AI in a weekend? Treat AI as a fast research assistant, not the judge. On day one, have ChatGPT or Claude turn your idea into testable assumptions, competitor lists... 20 resources → How do I use AI to map competitors, pricing, and positioning? Use a deep research tool (ChatGPT, Gemini, or Perplexity) to build the first competitor landscape in an hour: who they are, features, pricing pages... 22 resources →

Also in GTM

The same ground, over in Who you sell to, and why they care, our GTM track.

What is an ICP and how is it different from a persona? People use both words for the same thing. An ICP describes the company you want as a customer: size, industry, what they already use, what has to be true for your product to matter. A perso... 4 resources → What is positioning in plain English, and why does everyone insist we have got it wrong? Positioning is the context you give a buyer so that your strengths look obvious. It is the answer to 'what kind of thing is this and who is it for'... 3 resources →
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