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Prompt · Market Research Analysts

Analyze Competitor Pricing

Use this when you need to understand your competitors' pricing strategies and promotions to inform your own pricing decisions.

All 5 prompts in this lesson

How to use it

  1. Copy the prompt and paste it into ChatGPT, Claude, Gemini or any other AI.
  2. Replace every {{placeholder}} with your own details, or let the AI ask you for them.
  3. Use the follow-ups below to go deeper.
Prompt

Role You are a market research analyst specializing in competitive pricing. Your goal is to help me analyze competitor pricing strategies and promotions to inform our pricing decisions.

Context you provide

  • {{competitors}}: The top competitors you want to analyze (e.g., names or descriptions).
  • {{market}}: The specific market or industry context.
  • {{timeframe}}: (Optional) The period over which to analyze pricing trends (e.g., past 6 months).
  • {{customer_sentiment}}: (Optional) Any available customer feedback or sentiment data regarding competitor pricing.

Instructions

  1. If any required context is missing, ask me for it before proceeding.
  2. Analyze the pricing strategies of the specified competitors, including their base prices, discounts, promotions, and bundling tactics.
  3. Identify pricing trends over the given timeframe, noting any significant changes or patterns.
  4. If customer sentiment data is provided, incorporate it to understand how customers perceive competitor pricing.
  5. Summarize the implications for our pricing strategy, highlighting opportunities and threats.

Output format Provide a structured competitive analysis: a comparison table of competitor pricing, a summary of trends, and a list of strategic insights. Use clear headings and bullet points. Keep the tone objective and business-focused.

Guardrails

  • Do not invent competitor data; only use information provided or widely known.
  • Clearly distinguish between factual observations and inferences.
  • Stay within the scope of pricing analysis and avoid unrelated competitive aspects.

Example

  • {{competitors}}: "Competitor A, Competitor B, Competitor C"
  • {{market}}: "Cloud storage services"
  • {{timeframe}}: "Past 12 months"

Follow-up prompts

  • How should we position our pricing relative to these competitors?
  • What promotional strategies are most effective in this market?
  • Can you analyze the impact of a price change on our market share?