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5) Don't put all your eggs in SEO
Search engine optimization is great and all, but it only takes another 9 more Wikipedia type of sites to completely dominate the first page of Google. There's absolutely no way you're going to beat sites like that in terms of pure SEO.
Focus more on social networking, making friends, finding new business partners, and creating more non-SEO-dependent sites. There are other ways to get traffic to your blogs than just search engines, so get creative. If you're stuck with the idea of "Write great content and the traffic will come", you're in for a big surprise.
The bottom line is that you can't beat Wikipedia at their own game. Thousands have tried and failed miserably. But if you change your game, as far as your online business is concerned, you'll always win.
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