On-page analysis is the most important step one should take while doing competitor Analysis. It is the first step.
Usually Off-Page competitor analysis is needed due to high competition in ranking. There are several levels of difficulty in web pages. If the competition is too high off-page analysis will be required.
Backlink analysis means our competitors are getting backlinks from somewhere. We must find our those links and find out the best one and make backlinks for our website as well.
Social Media presence can impact highly on any business. One must maintain a page and regularly do everything that are needed to reach out more people and peoples attraction.
Why it is needed
By doing competitor analysis we can identify our competitions accordingly.
Before we try to rank on Google by proper SEO, a competitor analysis is definitely needed
At last, Backlink analysis is important because some of the websites have very strong backlinks.
A quick analysis is spending a very limited amount of time on competitor analysis on basics
Doing the competitor analysis and covering all the important aspects of competitor analysis
This is the most advanced analysis and it covers every pros and cons of a website. It is most helpful for any SEO.