Industry Benchmarks
Industry benchmarks are standards or metrics used to compare performance and identify areas for improvement within a specific industry. If you want to know how you’re performing against the competition, benchmark against industry standards.
More about Industry Benchmarks
Industry benchmarks are performance standards used to compare your business against competitors or industry leaders. They provide insights into where you stand, highlighting strengths and areas for improvement.
By analyzing metrics like revenue, engagementEngagement is the level of interaction, attention, and emotional connection that an audience has with a brand, message, or content. It reflects how actively individuals are participating, sharing, or responding to what’s presented., or conversion rates, benchmarks guide strategic decisions and ensure businesses stay competitive and aligned with market expectations.
At RIOT, we leverage industry benchmarks to push boundaries. Our insights don’t just help you compete—they empower your brandA brand is the unique identity of a business, product, or service, encompassing its values, personality, visual identity, and customer perceptions. It’s how an organization differentiates itself and connects with its audience. to lead.
Dive deeper
Competitive AnalysisCompetitive analysis assesses your competitors' strengths, weaknesses, strategies, and market positioning to identify opportunities and threats. It provides essential insights for decision-making., Consumer Behavior AnalysisConsumer behavior analysis studies how and why people make purchasing decisions, providing insights into consumer motivations and preferences. Understanding what motivates customers is essential for making marketing decisions., Market ResearchMarket research gathers information about target audiences, competitors, and market trends to inform business decisions and marketing strategies. It provides essential business insights., KPIsKey performance indicators (KPIs) are measurable values that track progress towards business objectives. These can be tied to several business metrics., Regional Marketing StrategiesRegional marketing strategies target specific geographic areas with tailored messaging and advertising to reach local audiences. If you have a physical store, regional marketing is especially important.