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Succeed in New Locations. Where is Your Competition?
December 08, 2020
Understand the Effect Your Competitors Have on Your Business
Franchisees X and Y opened new locations recently. Both appeared to do everything correctly, from researching locations to targeted marketing. However, X performed better than Y. What made the difference? 55% of all failed businesses last year said they did not understand their competition.
Know Your Competitor's Locations
Before choosing your site location, visualize your competitors’ locations on a map. Competitive advantage is gained through understanding the competition's strengths and weaknesses. You can see this information on business location maps and adapt your strategies. Gather the information necessary to crush the competition!
Learn from Your Competition
Where your competition is located shows their market strategy. Your competition has spent time and money finding out what works. Add demographic data to your maps and use this information to your advantage. MarketMAPS offers up-to-date demographic and geographic data on business location maps that go beyond the limited capabilities of traditional data reports. Get accurate comprehensive information and gain insights about your competitors!
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