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Finding a Brand's Closest Competitors

Identifying Top Competitors Using Business Suite

Key Steps

Step 1: Access Business Suite 0:00

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  • Open Business Suite.

  • Navigate to the Competitive Landscape section.

 

Step 2: Select a State 0:15

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  • Choose a specific state from the dropdown menu.

  • Observe the display of the top 10 brands based on various metrics.

 

Step 3: Review Metrics 0:23

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  • Analyze the following metrics for the top 10 brands:

    • Highest selling brands

    • Highest velocity brands

    • Most available brands

    • Highest growth brands

 

Step 4: Select a Brand 0:33

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  • Click on a brand from the list to focus your analysis.

  • Note that the competitive set will reset based on your selection.

 

Step 5: Analyze Competitive Set 0:42

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  • Review the new competitive set which includes:

    • Five brands ranked above the selected brand

    • Five brands ranked below the selected brand

  • This will provide a focused view of relevant competitors.

 

Step 6: Examine Visuals 1:04

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  • Look at the visuals to see:

    • Highest selling brands in the competitive set

    • Highest velocity brands

    • Most available brands

    • Highest growth brands

  • Identify successful strains and flavors for the selected brand.

 

Step 7: Focus on Specific Category 1:24

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  • Optionally, repeat the process for a specific category.

  • This will help narrow down competitors within that category rather than the total market.