How can product teardowns improve your competitive analysis?
If you're a sales professional, you know how important it is to understand your competitors and their products. You need to identify their strengths, weaknesses, opportunities, and threats, and use them to your advantage in your sales conversations. But how can you get a deeper and more accurate insight into your competitors' products? One way is to use product teardowns.
Product teardowns are a method of analyzing a product by breaking it down into its components and examining how they work together, what features they offer, and what value they provide. Product teardowns can help you gain a better understanding of your competitors' product design, engineering, functionality, quality, and cost. They can also help you discover their unique selling propositions, differentiators, and innovations.