Pick an online platform to work in that supports spreadsheet or table layouts, like Evernote, Google Sheets, or Airtable.
This allows you to share the information you gather across your team or organization.
Create a spreadsheet with column headings for Competitor, LinkedIn page, Ad screenshot, Ad format, Ad purpose, Ad headline, Body copy, CTA, and Notes.
Identify your top competitors and add them to the Competitor column of your spreadsheet. Each competitor will need multiple rows.
If you’re not sure who your main competitors are:
- Visit directories and feedback pages like Angi, Tripadvisor, Yelp, G2, and Amazon.
- Google your products to check which brands rank on the first results page.
- Talk to your customers or your sales team to learn more about popular alternatives to your products.
- Use a competitor analysis tool like Ahrefs, SEMrush, SpyFu, or BuzzSumo.
Look up each competitor on LinkedIn and go to their business page. Enter the URL in the LinkedIn page column.
LinkedIn lets you view:
By researching their ads you can find out whether they are launching or preparing to launch a new product, shifting to a content marketing strategy, or heavily highlighting testimonials.
Take a screenshot of notable ads using a browser extension like Lightshot and fill out the spreadsheet columns for each.
- Ad format: images, videos, articles, documents, or ads.
- Ad purpose: advertising a promotion, highlighting a feature, or announcing a new product.
Answer questions like:
- What is unique about the ad?
- Is there a common theme and if so which one?
- What emotions are being conveyed?
- What language is used?
Include your team members, to get different point of views.
It can also come in handy for analyzing your competitors’ content.