Content marketing

How to Do Competitor Keyword Analysis: A Step-by-Step Guide

January 31, 2025

When it comes to SEO, understanding what your competitors are up to can be a real game-changer. Competitor keyword analysis is like getting a sneak peek into their strategy, helping you figure out which keywords you should target to drive traffic to your own site. But how do you actually go about doing this? Well, that's exactly what we'll be covering today.

We'll walk through the whole process, from identifying your competitors to using tools to uncover their keyword strategies, and even how to apply this knowledge to your own content. So grab a cup of coffee, settle in, and let's get started!

Identifying Your Competitors

The first step in competitor keyword analysis is knowing who your competitors are. This might seem obvious, but it's more than just the businesses you know off the top of your head. You want to find out who's competing with you online, as they might not be the same companies you think of as your competitors offline.

Start by searching for the keywords you already know are important to your business. Who shows up in the top results? Are they businesses similar to yours, or are they larger organizations? You might even find some niche competitors you weren't aware of. Make a list of these competitors.

Another method is to use tools like SEMrush or Ahrefs. These tools can automatically identify competitors based on the keywords you’re ranking for, which can save you a lot of legwork. They provide a list of sites that share the most keywords with your own, which is a good indicator they're targeting the same audience.

Once you have your list, prioritize them. Focus on those who are outranking you for the keywords you're interested in. This will help you understand where to direct your efforts first. Remember, it's not about targeting every competitor out there but focusing on those who are standing in your way of getting the traffic you need.

Gathering Data on Competitor Keywords

Now that you know who your competitors are, it's time to find out which keywords they're using. This is where the real detective work starts, and it's also where your SEO tools come into play. Tools like SEMrush, Ahrefs, and Moz are highly effective for this task.

Use these tools to enter the URLs of your top competitors. They'll provide you with a list of keywords that each competitor ranks for. This data usually includes the keyword, their ranking position, search volume, and even estimated traffic. It's like having a treasure map that leads you to the SEO gold.

Pay attention to the keywords that have high search volumes and where your competitors are ranking on the first page. These are the ones driving the most traffic to their sites. You should also look for keywords where competitors rank for multiple positions. This indicates strong content around those terms.

Don't just focus on the obvious keywords. Long-tail keywords might not have as much search volume, but they often have less competition and can be easier to rank for. Plus, they tend to attract more qualified traffic, which can lead to higher conversion rates.

Analyzing Keyword Gaps

Once you have a list of your competitors’ keywords, it's time to identify the gaps. Keyword gaps are opportunities where your competitors are ranking, but you are not. This is a crucial step because it highlights areas where you can gain an advantage.

Most SEO tools offer a feature called "Keyword Gap" or "Content Gap" analysis. This feature allows you to compare your site and your competitors’ sites side by side to see which keywords you might be missing out on.

  • Include Keywords: These are keywords your competitors rank for, but you don't.
  • Competitor-Shared Keywords: Keywords that multiple competitors rank for but you don’t.
  • High-Volume Keywords: Keywords that have high search volume and are worth targeting.

Focus on the include keywords first. These are opportunities for you to create new content targeting these terms. Look for high-volume keywords among them that could bring significant traffic to your site.

Competitor-shared keywords are also interesting because if multiple sites are targeting them, they're likely valuable. Analyze why your competitors might be ranking for these terms and consider how you could create content to compete.

Understanding Competitor Content Strategy

Keywords are just part of the picture. You also need to understand how your competitors are using these keywords in their content. This involves a deep dive into their content strategy.

Start by visiting the pages that rank for the keywords you're interested in. Pay attention to the type of content they’re creating. Are they using blogs, videos, infographics, or perhaps a combination of formats? This can give you insights into what type of content performs well for those keywords.

Look at the length and depth of their content. Longer content often performs better in search engines because it tends to be more comprehensive. However, it's not just about word count; it's about value. Ensure your content is answering user queries more effectively than your competitors.

Also, examine how competitors are using keywords within their content. Check their headings, subheadings, and how naturally they incorporate keywords. Overstuffing keywords can be a red flag for search engines, so find a balance that feels natural.

Evaluating Competitor Backlinks

Backlinks are another piece of the puzzle. They’re like votes of confidence from other sites, telling search engines that your content is worth checking out. Knowing where your competitors are getting their backlinks can help you find link-building opportunities.

Use tools like Ahrefs or SEMrush to analyze competitors’ backlinks. Enter their URLs and look at the domains linking to them. Pay attention to high-authority sites, as links from these can significantly boost search rankings.

Once you have a list of backlink sources, consider how you might acquire similar links. This could involve guest blogging, creating compelling content worth linking to, or reaching out to sites to request a link.

Don't just copy what your competitors are doing. Instead, look for unique opportunities they might have missed. Maybe there's a niche community or industry blog that could be interested in your content. These unique backlinks can help you stand out and improve your authority in the eyes of search engines.

Setting Up Alerts for Competitor Activity

Staying up-to-date on your competitors’ strategies is an ongoing task. Setting up alerts can help you monitor their activity without constantly checking manually. Tools like Google Alerts or Mention can notify you whenever your competitors are mentioned online.

Create alerts for your competitors’ brand names, product names, or even specific keywords. This will help you stay informed about their marketing efforts, new content, or any news that could impact your industry.

Additionally, using SEO tools, you can set up alerts for changes in their rankings or new backlinks. This can provide insights into their strategies and help you adjust your own tactics accordingly.

Regularly reviewing these alerts can keep you one step ahead. You'll be able to react quickly to any changes in their strategy and capitalize on new opportunities as they arise.

Applying Competitor Insights to Your Strategy

Now that you've gathered all this data, it's time to put it to use. Start by prioritizing the keywords and strategies that align with your business goals. It's easy to get overwhelmed with data, so focus on what will bring the most value to your business.

Create a content plan based on the gaps you identified. This might involve creating new pages, updating existing content, or even removing underperforming pages. Tailor your content to the intent behind the keywords to meet users’ needs more effectively than your competitors do.

Implement any link-building opportunities you found. Whether it's reaching out for guest posts or creating shareable content, make link-building part of your ongoing strategy.

Don't forget to measure your results. Use Google Analytics or other tools to track changes in traffic, rankings, and conversions. This will help you understand what's working and where you might need to adjust your strategy further.

Continuous Improvement and Adaptation

Competitor keyword analysis isn’t a one-time task. The digital landscape is always changing, and keeping your strategy fresh is crucial. Regularly repeat your analysis to spot new trends or shifts in competitor strategies.

Schedule regular reviews of your keyword performance and competitors’ activities. This could be monthly or quarterly, depending on your industry and resources. The key is consistency, so you're always aware of how the market is changing.

Be open to experimenting with new tactics. If you see competitors having success with a new strategy, consider how it might fit into your own plans. However, always keep your brand and audience in mind. Just because something works for a competitor doesn't mean it's right for you.

By staying adaptable and responsive to changes, you'll be better positioned to maintain and improve your search rankings over time.

Final Thoughts

Competitor keyword analysis is an invaluable tool for any business looking to improve its SEO strategy. By understanding what your competitors are doing, you can identify opportunities, optimize your content, and build a stronger online presence.

If you're looking for a partner to help you navigate this process, consider working with Pattern. We specialize in helping ecommerce brands and SaaS startups not only rank better but also convert that traffic into customers. With our unique approach to creating programmatic landing pages and conversion-focused content, we can help your brand get found by more people ready to buy. Unlike most agencies, we focus on delivering real ROI, not just rankings. At Pattern, we make SEO a growth channel that drives sales and lowers your customer acquisition costs. Let's make your SEO strategy work for you.

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