Competitive Benchmark FAQs

 

Q: What are the overall benefits of Competitive Benchmark?

 

A: Competitive Benchmark allows businesses to…

• Earn your share - See how much money your customers spend in your industry every month – and what percentage of those dollars are being spent at your location.

• Know the trends - Are you trailing behind or surpassing your competitors? Watch monthly changes over a six-month history to find out and make informed plans.

• Keep relevant - Since you and your competition are local, we keep competitor data sets focused on what’s relevant to your area’s market and industry.

• Improve course - Information is power. From average ticket price to returning customer value, use your data to strategically schedule promotions, events and staff.

Q: What is included in Ovation Competitive Benchmark? 

 

A: Ovation Competitive Benchmark includes the following:  

• Side-by-Side Competitor Data

• Customer Behavior Analysis

• Customer Spend Breakdown