The competition for successful eCommerce businesses on Facebook is growing rapidly, causing some to struggle to target the right audience for their business page and potentially leading to the closure of their online store. To help with this, Facebook has introduced a Competitor Analysis tool to help marketers analyze their competitors, increase followers, track likes, and target audiences more effectively. By using this tool, businesses can find relevant keywords for their ads, identify their true competitors and their marketing strategies, understand their target audience, and save time by grasping their competitor’s advertising methods. Additionally, the tool can help differentiate between competitors and non-competitors by collecting insights into a business.
The Facebook Competitor Analysis tool is helping marketers to analyze their competitors on Facebook, increase followers, spread brand awareness, track likes, examine reach, and target audiences. This tool helps businesses find relevant keywords for ads, identify real competitors and their marketing strategies, understand the target audience, and save time by grasping competitor’s advertising methods. It also collects insights to differentiate between competitors and non-competitors.
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