I'm going to digress a little....how do you select clients, or areas to target?
I like to start from the audience side of the equation. Who are the intended audience, what does that audience really need, and where, on the web, are they? I then determine if it’s possible/plausible to position well for this intended audience within a given budget.
There is much debate amongst SEOs about what happens inside the Google black box, but we all have access to Google’s actual output in the form of search results. To determine the level of competition, examine the search results. Go through the top ten or twenty results for a few relevant keywords and see which sites Google favors, and try to work out why.
Once you look through the results and analyze the competition, you’ll get a good feel for what Google likes to see in that specific sector. Are the search results heavy on long-form information? Mostly commercial entities? Are sites large and established? New and up and coming? Do the top sites promote visitor engagement? Who links to them and why? Is there a lot news mixed in? Does it favor recency? Are Google pulling results from industry verticals?
It’s important to do this analysis for each project, rather than rely on prescriptive methods. Why? Because Google treats sectors differently. What works for “travel” SEO may not work for “casino” SEO because Google may be running different algorithms.
Once you weed out the wild speculation about algorithms, SEO discussion can contain much truth. People convey their direct experience and will sometimes outline the steps they took to achieve a result. However, often specific techniques aren't universally applicable due to Google treating topic areas differently. So spend a fair bit of time on competitive analysis. Look closely at the specific results set you’re targeting to discover what is really working for that sector, out in the wild.
It’s at this point where you’ll start to see cross-overs between search and content placement.

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