How can you use competitive analysis to identify areas for product or service consolidation?

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Competitive analysis is a key skill for sales prospecting, as it helps you understand your target market, identify your unique value proposition, and position your product or service effectively. But did you know that competitive analysis can also help you identify areas for product or service consolidation? This means reducing the number of offerings you have, or combining them into bundles, to simplify your sales process and increase your profitability. In this article, you will learn how to use competitive analysis to identify areas for product or service consolidation, and how to communicate the benefits to your prospects.

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