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An Easy 4-Step System for Getting the Inside Scoop on Your Competition

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Kids all across America sat glued to their radios (and later their televisions) in the 1940's and 1950's, listening to the weekly adventure episode of Captain Midnight and his Secret Squadron sponsored by Ovaltine.




The Captain Midnight Decoder Badge was as coveted then by kids as it is today by adult collectors. Why, with your decoder badge and sufficient practice, you could decipher secret messages from the Captain and your friends that no one else could read. Wow zee!

Those same detective skills that were practiced as a youth now prove quite useful as you work to discover ways to outmaneuver your business competition.

Replacing the simple decoder badge is the Internet: a powerful tool in our discovery of competitor information. Using the simple four-step system outlined in this article, you'll use your detective skills to uncover bits and pieces of vital details about your competitors.

GETTING THE SCOOP

You need business intelligence. It allows us to make more informed decisions for our healthcare organizations. It gives us an edge.

The Internet places new techniques and tools at our disposal that allow us to sift through a greater amount of information with equally great precision.

SIFTING THROUGH COMPETITIVE INFORMATION

You should know, however, that this detective work can be time-consuming. It must be done frequently and with regularity. But thankfully, there are many tools to automate the gathering of information that I'll tell you about.

Now let's take a closer look at the four steps, complete with the online techniques for accomplishing them.

STEP 1 -- MONITOR THE NEWS SOURCES

You may already be clipping newspapers for mentions of your competitors in articles, editorials, profiles, job listings, social announcements, and more.

Now you'll use the Internet to perform extensive searches for information in dozens or hundreds of news sources. What's more, information regularly appears online before it appears in the print version of the publication.

Take note of the tone of the articles about the company. Catalog the emphases in the articles -- fiscal responsibility, community activities, clinical services, patient care, research, fund-raising, administrative announcements. Does it appear that the organization has a well-defined plan for media placements?

Consider these tools for news gathering:

's their PR Counsel? Ask O'Dwyers

Find out the name of your competitor's PR firm (sometimes the same as their advertising firm). Use the free search feature on the O'Dwyers site. Also check the recent news of new client wins, campaign launches, and success statistics that firms may be touting. See at: http://www.odwyerpr.com

Electric Library

This searchable database of 150 full-text newspapers, 800 full-text magazines, and thousands of transcripts, books and photographs offers a free two-week trial. Searching is free. Full-text retrieval is fee-based, but the date of publication is given so you may be able to track down the publication text elsewhere or as a periodical in your library. http://ask.elibrary.com

CyberAlert

CyberAlert is an automated Internet monitoring and Web clipping service. It searches a selection of Web publications, other Web sites, message boards, and Usenet news groups to locate mentions about a company. You can specify how often you want the searches to run and report. Fee-based. http://www.cyberalert.com

Press release distribution services

Companies may submit news releases for distribution that never get picked up by the media. Search for them at: Business Wire (http://www.businesswire.com/) and PR Newswire (http://www.prnewswire.com/)

STEP 2 -- VISIT THE COMPANY

Visiting the company for information and insight takes several forms. Perhaps you've actually walked through the facilities of a competing hospital or medical practice office. Maybe you've "checked them out" at a trade show or health fair. The best online way of "visiting" the company is perusing their Web site.

What's the look and feel of their Web site? Is it professional? Slick? Amateurish? Patient-oriented? "Me"-oriented? Is it a marketing vehicle? A patient education tool? Simply a brochure? Does it change frequently? Do they have tools or features that improve customer service and patient care? Is it valuable for current and prospective patients?

Here are a few techniques, tactics, and suggested tools:




Cloak your IP address

No sense tipping off your competitors that someone from your organization is visiting their Web site. You can hide your real identity so your company's domain name doesn't show up on their server logs by using a tool such as Anonymizer. Go to the anonymizer.com Web site and type in the Web address that you want to visit. Voila! You're incognito. http://www.anonymizer.com

Things to do at their Web site

While you're surfing on a competitor's site, there are several additional things to watch out for. For example, do they have publications for employees, medical staff, or investors available? If so, take a look. Look for the press release archives on the site. See what's important to the organization.

Look for executive profiles. See the type of executives they recently hired. What are their strengths? Be sure to subscribe to any and all e-mail newsletters -- using your free e-mail address, of course (such as Yahoo or HotMail).

Search for specific file types

Using WebCopier, you can crawl a competitor's Web site looking just for specific types of files, such as documents. These can be PowerPoint presentations, Adobe PDF documents, Microsoft Word Documents, Excel spreadsheets and more.

You may find marketing materials, brochures, and a wealth of other information that could help you get a picture of your competitor's overall strategy and positioning. Get WebCopier at Download.com. http://download.cnet.com

What did their site look like?

Ever wonder what your competitor's site used to look like? Has their strategy changed over time? Maybe some materials used to be on their Web site and have now been removed. Want to take a look at them? Well you can, thanks to The Internet Archive -- also known as "The WayBack Machine."

The Wayback Machine makes it possible to actually surf pages stored in the Internet Archive's web archive. Visitors to the Wayback Machine can type in an URL, select a date, and then Begin surfing on an archived version of the web. http://www.archive.org

What other domains have they registered?

Discovering the various domain names that your competitor has registered can be eye opening. Maybe they've registered a domain name on speculation for some future project or service launch. It might also tell you where they'll soon be putting their strategic emphasis.



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Kevin Richardson is a healthcare marketing consultant, executive coach, and writer who provides fresh perspectives and expertise about online healthcare marketing. Subscribe to his "MedRocket Ezine" newsletter and discover how to profitably attract and serve healthcare consumers online. Subscribe free: http://www.medrocket.com
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