BENCHMARK
BENEFITS
METHODOLOGY
TOOLS
visibility in search
(click-through rate)
of business dynamics
HACKING
FAQ's
What is Benchmark and why does my business need it?
Benchmarking is the process of comparing your business’s key performance indicators with those of competitors or market standards. It helps you determine where you are lagging behind and in which areas you can improve your performance. For example, comparing conversion or cost per lead with competitors will show you how well your sales funnel is performing. Companies that regularly use benchmarking increase their efficiency by 15-20%.
What metrics can be analyzed with Benchmark?
You can analyze key metrics for your business, such as:
- Conversion and customer acquisition cost (CAC)
- Average check and LTV (lifetime value of a customer)
- Bounce rate and website loading speed
- Results of advertising campaigns and ROI
These indicators help identify strengths and weaknesses, as well as outline areas for development
How often should you conduct a Benchmark analysis?
We recommend performing benchmarking on a quarterly or semi-annual basis to monitor market changes and adapt strategies. In some fast-moving industries (e.g., e-commerce), it is advisable to analyze monthly to adjust marketing and operational processes in time.
Where to get data for Benchmark?
We use a combination of sources:
- Analytics tools (Google Analytics, Similarweb) to analyze your website.
- Industry reports and market research.
- Public data of competitors and their marketing activities.
- Internal metrics (conversion, CPA) for comparison with previous periods.
This data gives a complete picture of the current state of the business and opportunities for improvement.