How to do it?

1. Identify your competitors: Start by identifying the businesses that are directly competing with you in the market. Look for companies that offer similar products or services to the same target market as you.
2. Research your competitors: Gather information about your competitors' products, prices, marketing efforts, and overall business model. Look for any unique features or benefits that they offer to their customers.
3. Analyze your competitors' strengths and weaknesses: Use the information you have gathered to identify your competitors' strengths and weaknesses. This will help you understand their strategies and how they compare to your own business.
4. Determine your competitive advantage: Look for ways to differentiate your products or services from those of your competitors. What unique features or benefits can you offer to your customers that your competitors cannot?
5. Monitor your competitors: Keep track of your competitors' activities on an ongoing basis. This will help you stay up-to-date on any changes they make to their products, pricing, or marketing efforts, and allow you to adjust your own strategies as needed.