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How can one identify their Direct and Indirect Competitors? Note: Please avoid generic answers like 'conduct market research.' Answer detailed, specific methods. Which can be helpful for everyone.
Conduct a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) on your known competitors. This helps you understand their positioning and uncover indirect competitors you might have overlooked.
This can be a good approach but it's focuses on indirect competitors but finding out Direct competitor is it's a challenge.
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