The Find link partners by backlinks wizard helps you gather potential link partners using advanced search and backlinks check. The wizard is available from the [Update] menu, [Find link partners by backlinks...]
By analyzing your competitor's backlinks you can find new potential resources of links, so this is why you can use [Find link partners by backlinks...] to conduct competitive analysis.
The first step in getting new link partners is similar with [Find link partners] and requires you to select the search engine that will be used to gather results and the keywords for which you are looking to find new link partners.

The second step of the [Find link partners by backlinks] wizard is preceded by an intermediary stage in which Advanced Link Manager connects to the search engine and retrieves the results we asked for.
After the URLs have been retrieved, the wizard will show us the number of results found in the search engine set from the [Search Depth] option. The URLs are shown in the order the search engine displayed the results.

By selecting Gather additional information, Advanced Link Manager will display additional information about the links gathered from search engines like [Outbound links], [Onsite links] and [Page size]
When you finish analyzing and press the [Next] button, the [Find link partners by backlinks] wizard will gather the backlinks from the pages you selected on the previous step and the relation with them.
Once the update finishes you will see a list with all the backlinks from the pages you selected. If you select the [Gather additional information] button then [Outbound links], [Onsite links] and [Page size] will be added to the list.
If you select an website URL you will see to which pages that URL links. Those targets may be your competitors and if that URL link to them it may be possible to link also to you.
From the list you can open the URL in browser, copy link address, delete selected URLs or assign URLs to a referrer category. When you decided which of those URLs can be potential link partners assign them to a referrer category to help you later when trying to contact them.

After you assign URLs to a specific referrers category and finish analyzing them, select the [Finish] button and all the URLs will be added to the [Unverified referrers] interactive report. If you have added some of the URLs to a specific referrer category, then you can filter them in the [Unverified referrers] report.
Following this step, you can start now contacting potential new link partners.