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18 Comments

How to Make a Competitor Analysis with Chat GPT? 🎯

We used various prompts with ChatGPT for a competitor analysis and the outcomes were satisfactory. 👇

https://resources.usemagnetiq.com/how-to-make-a-competitor-analysis-simply-with-chat-gpt/?utm_source=comm&utm_medium=indiehackers

on March 16, 2023
  1. 2

    Another smart way to use CGPT for our businesses. Thanks for sharing it

    1. 1

      You're welcome 🙌

  2. 2

    This is really cool! Very interesting use of ChatGPT. Thanks for sharing.

    I did something similar but for user analysis and exploring value proposition. And I keep finding new uses for building up a company everyday.

  3. 2

    thanks for sharing these valuable steps.

    1. 1

      You're welcome 🙌

  4. 2

    Is ChatGPT good to make competitor analysis ?

    1. 1

      I think it can be tried

  5. 2

    @cem thank you for sharing this useful information this point is really super amazing "common customer complaints". 👍

  6. 2

    Interesting approach and made a quick check. - It didn't work and got "I'm sorry, but as an AI language model, I don't have access to proprietary information such as the estimated monthly paid search ad spend...".

    1. 1

      If the volume is too low, we got the same result for a few brands we tried.

  7. 2

    The result looks pretty great.

    I'm curious about how much of the output is accurate, for example, some information like search volume, and estimated clicks.

    1. 1

      I also performed a few volume checks and ad copy checks out of curiosity, and the results were approximately correct, even though they were not entirely accurate. I believe that as time passes and improves, the results will become much more accurate.

  8. 1

    This is a beautiful use case for Chat GPT that saves tons of time!
    I especially like how you used it to compare pricing.

    A few days ago I launched Competely: https://competely.ai/
    It uses AI to automate this process of competitive analysis, helping you both find your competitors and create a competitive analysis table within a few minutes. It's actually powered by running dozens of GPT queries under the hood :)

    Let me know your thoughts.

  9. 1

    Very helpful, I’ll be using this soon 👍🏻

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