Competitive Analysis With SEMRush and Summit Community Bank

  Summit Community Bank is a nearly $4 billion regional community bank. It provides banking, lending, and trust and wealth management services at 44 banking locations across three states. While primarily focused on maintaining its strong footprint in legacy locations, Summit Community Bank has used a successful merger and acquisition strategy to encourage steady growth over the last six years. As it continues to grow in new markets, new opportunities bring new, diverse challenges, including exploring new peers and competitors, expanding brand awareness, and capturing market share. In the digital landscape, competitive analysis is especially important when it comes to optimizing one of an organization’s most valuable online resources, its website.  Competitive analysis, as SEMrush notes, can help benchmark a business’ current SEO performance, identify areas of improvement in SEO strategy, reveal any competitor gaps or weaknesses, and discover competitors' winning strategies (Sl...

Horse Supplies Shopping In A Digital World: SEO Friendly with Corro

I own a horse. That horse happens to be white and enjoys all things dirt and mud. That horse also manages to find anything he can get into. Needless to say, I am constantly buying horse supplies both in person and online. I have go-to trusted regular retailers, but I noticed recently that a new name keeps popping up on my searches, my digital ads, and equestrian box I subscribe to, Cavali Club.

Enter Corro.

On the Side-by-Side SEO Comparison Tool, Corro describes themselves through the meta description as an “online store for all of the best in horse supplies, tack and equipment, grooming supplies, and more. Lowest prices and free shipping available for all products.” If they are making a brand promise for lowest prices then clearly they have their eye constantly on the competition, as they are up against the established competitors such as Dover Saddlery, Stateline Tack, SmartPak, etc.

Recently, I remembered a Facebook horse forum I’m a part of talking about an easy horse bathing kit you install on your hose to make bathing easier. I couldn’t remember what it was called so I took to Google to search “horse bathing kit”. In the top ad spot was Corro- and they did indeed have the lowest price. This is an example of a product listing ad. Semrush (n.d.) states that “PLAs are displayed when someone searches on Google for a product that has a listing on Google Shopping.”

Figure 1.  Google search for horse bathing kit showing paid ads. By Google. (2022).

After clicking through I did end up purchasing the kit along with a couple other essentials I needed that I figured I’d pick up while I was already having product shipped. This experience made me decide to choose them for the assignment this week, as I’m curious to take a closer look at their strategy and why I was motivated to try someone new instead of my usual go-to competitors.

Paid Advertising: SEM and Social Media

We know from my initial search that Corro is using paid advertising. They are also using retargeting ads across social channels, as they continue to follow me on Facebook and Instagram after clicking through to their website.





Figure 2.  Photos of Corro advertising and remarketing on social media. By Akers. (2022).

Corro prioritizes most of their spend on desktop, using paid search for 15 keywords on desktop totaling an estimated $180,000.

Figure 3.  Dashboard in Semrush showing paid search positions in Advertising Research. By Akers. (2022).

But how do they stack up against competitors?

Tietbohl (2022) states “Keyword research is often key for building content that resonates with your audience.” It is important to understand what your competitors are doing, but not necessarily copy their entire strategy (Tietbohl, 2022).

While the following chart doesn’t pull in all competitors, it does show that Corro ranks about the middle of the pack in terms of number of paid keywords and related traffic. 

Figure 4.  Dashboard in Semrush showing competition positioning. By Akers. (2022).

However, when compared to the biggest competitors they have the least amount of paid keywords, comparing 15 to a range of 100-357 keywords from competitors. They do have a low amount of overlap with some of the top competitors.


Figure 5.  Dashboard in Semrush showing keyword overlap in Keyword Gap. By Akers. (2022).

Future Keyword Enhancements:

Using the Keyword Gap analysis in Semrush, Corro could identify the keyword difficulty range of possible down to very easy to highlight keywords that are performing well for competitors and aren’t as competitive if they also sell that product. For example, “scoot boots” and “ulcergard” are keywords that have a low level of difficulty with decent search volume. However, Corro doesn’t carry those products. They do sell horse blankets, though, so the keyword “horse blankets for sale” that has a keyword difficulty level of possible could be a keyword to add to the their paid efforts and take traffic away from SmartPak. 


Figure 6.  Listing of keywords and competitors by possible and easy keyword difficulty in Keyword Research. By Akers. (2022).

However, their strategy should focus more on identifying their own high profit margin products or a select few popular products that also generate search volume and draw customers in that way. Then they can highlight free shipping and related products throughout the shopping experience in order to encourage customers to buy more products while they are already looking.

Do they have an SEO strategy in place as well?

Corro’s authority score is lower than two other larger competitors. They also have less backlinks and monthly visits. However, for being an up and coming company they aren’t too far behind the two other leaders.

Figure 7.  Dashboard in Semrush showing authority score, backlinks, and website analytics. By Akers. (2022).

Corro’s traffic generation strategy is on par for the market, though they acquire a touch more on the social front than the average market trends. This makes sense given their Cavali Club equestrian box subscription and the paid social ads mentioned earlier (Cavali Club, n.d.).

Figure 8.  Dashboard in Semrush showing market analytics and traffic generation for Corro. By Akers. (2022).

SEO Tactics

Corro uses meta descriptions and headings, which are key page components for a successful SEO strategy (Tietbohl, 2022). However, they do not have a title head tag on their homepage. Their headings also don’t seem to include some of the top keywords they want to rank for in their strategy.

Figure 9.  On page SEO tactics for Corro compared to Dover Saddlery homepages. By Internet Ninjas. (2022).

However, they do have a blog that gives them the opportunity to use more keywords to rank higher. In one of their blog entries compared to a competitor, they are using h2 headings but could be optimizing them better for the right keywords.

 

Figure 10.  On page SEO tactics for Corro compared to Dover Saddlery blogs. By Internet Ninjas. (2022).

The blog does work as a strategy for generating content around keywords as a whole, however, and is a significant source of percentage of traffic brought to the page from organic search results. This is shown in the Organic Research analysis section of Semrush.

 

Figure 11.  Dashboard in Semrush showing blog traffic percentage and keywords in Organic Research. By Akers. (2022).

Therefore, on page SEO is set up to facilitate better data collection, but it could be improved upon.

Future SEO Suggestions

Taking the keyword research mentioned above in the paid analysis example, Corro could also make sure to expand their blog content with keywords and phrases that have subtopic volume with high efficiency but has a low keyword difficulty rating. For example, horse supplies list has a plethora of blog topics and headlines and can answer a number of questions that generate consumer search volume. The best part is that the keyword difficulty rating is low and Corro has tons of products related to horse supplies so content should be easy to curate.

Figure 12.  Chart in Semrush showing content suggestions for “horse supplies list” in Content Marketing. By Akers. (2022).

Conclusion

Corro is an interesting up and coming company in the online horse supplies market. In the Semrush Growth Quadrant they began to move into the leaders quadrant when looking at their traffic with traffic growth percent. 

Figure 13.  Growth Quadrant in Semrush showing competitors. By Akers. (2022).

They are the first company in these groups to offer a separately branded subscription box that is trendy and popular. However, the sharing of consumer data between Cavali Club subscribers and Corro website as a whole can feed referral marketing tactics that can be tracked. They use this data for social media and Google advertising PPC and display advertising campaigns. They also generate updated long form content in the form of a blog that help drive SEO tactics. Their product headings on their page try to use keywords instead of just the product name, such as “3M Vetrap bandaging tape”, as well to continue to increase keyword density. However, they could do a better job at using the most important keywords in their h2 headings throughout their blog and site. They could also use keywords and phrases that have subtopic volume with high efficiency but has a low keyword difficulty rating to expand their blog content more efficiently. However, I believe they are doing a pretty good job in this online space and I look forward to watching their market share grow over the years as they eat into established competitors that should keep an eye on this company instead of vice versa. 

They can continue to use all of this knowledge to fine tune their strategy by the following from Maksimava (2020):

•             “Develop (or validate) your Unique Value Proposition

•             Prioritize your product development by focusing on the aspects of competitors’ products customers value the most

•             Improve your product by capitalizing on competitors’ weaknesses customers complain about

•             Get benchmarks to measure your growth against

•             Uncover market segments that aren’t fully served by competitors

•             Create a new product category by identifying gaps between what your competitors offer and what the customers need.”


 

References

Akers, A. (2022). Semrush Corro project. Unpublished internal company dashboard.

Akers, A. (2022). Corro social media advertising. Unpublished internal photo.

Cavali Club. (n.d.). Equestrian lifestyle box. Homepage. Retrieved February 20, 2022 from https://cavaliclub.com/

Internet Marketing Ninjas. (n.d.). Side-by-side SEO comparison tool. On-page Analysis. Retrieved from https://www.internetmarketingninjas.com/seo-tools/seo-compare/

Maksimava, M. (2020). How to Perform a Best-in-Class Competitor Analysis (w/ Template). Retrieved from: https://buffer.com/library/competitor-analysis/

SEMRush. (n.d.). PLA research. Knowledge Base. Retrieved February 19, 2022 from https://www.semrush.com/kb/23-pla-research

Tietbohl, M. (2022, February). Week 6 lesson: Content management for SEO/Keyword research. Ecampus. Retrieved from West Virginia University, IMC 642.





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