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Product Benchmark Analysis Guide

The document provides steps for conducting a benchmark analysis to compare a product to competitors. It involves identifying up to 6 competitors, discovering and documenting their key features, conducting a first UX analysis of pros and cons, comparing the product to competitors, and sharing research conclusions and recommendations.

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dr.ali.s.n
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0% found this document useful (0 votes)
8 views3 pages

Product Benchmark Analysis Guide

The document provides steps for conducting a benchmark analysis to compare a product to competitors. It involves identifying up to 6 competitors, discovering and documenting their key features, conducting a first UX analysis of pros and cons, comparing the product to competitors, and sharing research conclusions and recommendations.

Uploaded by

dr.ali.s.n
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Phase (adapt color)

Discover
TITLE
BENCHMARK ANALYSIS
Benchmarking is about comparing your product with
that of the competition. In a few simple steps, you will
be able to understand how to stand out and improve
your user experience.

PEOPLE DISCOVER. TIME ANALYSE - TIME PRESENTATION - TIME DIFFICULTY LEVEL


2-4 2-4 HOURS 4-8 HOURS 1-2 HOURS

USE THIS METHOD / TECHNIQUE TO


Enhance your market knowledge, compare
the strengths and weaknesses of your product
to that of your competitor.

THIS IS WHY YOU NEED IT


Improve your product or part of it and stay
competitive..

MATERIALS WHO SHOULD BE INVOLVED VARIATIONS

- None - UX Designer - None


- UX Researcher
- Product Owner
- Developer

RUNNING YOUR METHOD TEMPLATE


STEP 1 - Be focused on your goal
Try to clearly define your goals, what do you want to improve? Is it the registration form that
worries you? Is it the general appearance of your application that seems to be aging? If you
have the ambition to compare everything, you risk losing yourself in the mass of data.

STEP 2 - Identify your competitors


Start by choosing between 3 and 6 direct and indirect competitors. You will have enough
points of comparison, while keeping control.

Direct competitors do the same thing as you, with the same customer base.

Indirect competitors offer a relatively similar type of product or service, but with different
communication.

1
[Link]/toolkit/UX/
Discover
BENCHMARK ANALYSIS

STEP 3 - Discover the product


Now that you know what you are looking for, and where to look, make a list of the different
features using the attached download sheets. You can already give them a note of interest
between 1 and 10.

Illustrate these templates with screenshots, photos, or video recordings. You do not have to
analyze them yet.

STEP 4 - First UX analysis


It’s time to do the pros and cons of your finds. But be careful, to do this make sure to stay
focused on the UX. For example, ask yourself:

- What do they offer that really improves the user experience?


- What negatively impacts the user experience?
- How many steps are required to complete key tasks?
- In terms of tone, how do they communicate with the user? Informally, formally, technically?
- Also look at customer reviews, what do they say? Look on the forums, not just the star rating.
- Attention to the speed of execution, is the use of the product fluid and fast?
- Always keep in mind usability, is your journey intuitive? Is it easy to use?
- For accessibility, is the content understandable, readable and accessible to all?
- And above all, is it nice? Does it make you want to recommend the product to your
community?

BONUS STEP - User test of competing products


In order to get a better idea of the impact of your competitor’s product, you can organize user
tests on them. Of course, this means that you will need to increase your research budgets. But
tell yourself that the results of this research can be very useful. It’s about having a complete
view of what might become the key to your product’s success.

STEP 5 - Compare your product


Use the template to list the strengths and weaknesses of your product. Just as in step 4, be
careful to keep your attention on UX. You can now compare your product to that of your
competitor.

Assessing your strengths and weaknesses and comparing them to your competitor can help
you identify opportunities for improvement. You will develop a good foundation of work to
convince members of your organization of the importance of innovation.

STEP 6 - Share your research


It’s time to synthesize the fruit of your research and draw conclusions. You can write a summary
of your analysis and the recommendations that follow. Feel free to illustrate your comments
and explain in detail the key elements you have discovered. Finally, be sure to communicate
to your team what should be placed in absolute priority and why.

In the UX world things can change quickly, do not hesitate to follow up regularly (once a year).

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[Link]/toolkit/UX/
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TITLE

HOW TO USE THE TEMPLATE?


xx

PRO TIPS TO RUN THE TEMPLATE


• xx

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[Link]/toolkit/UX/

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