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Any comments regarding how this would affect PR. I'm concerned about it looking like spam to the SE since the incoming links are to different URL's (subdomains only) when they end up at the main domain.
I have a related question that I'll add later. Thanks!
The main goal is to dynamically create the return links back to referring sites while allowing them to take advantage of other outbound links. I could, of course, have them link to www with a cgi and variable that identifies them but its not as pretty as using sub domains but I'm not sure whether that would help.
The main site would be about 95% informational resource.
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Example: Lets say xyz.com is a site explaining how to tie knots. xyz.com may also have links on its various knots pages saying "If you are looking for boos or other sites dealing with knots click here" which might take them to a page with a book on tying knots.
Site 123.com is a sailing or fishing club.
a) 123.xyz.com (all pages would have "return to 123.com")
b) www.xyz.com/index.cgi?123 (all pages would have "return to 123.com")
In both cases the sub page with the book link would dynamically add the clubs ebay or BandN affiliate code.
In *my* mind, neither of those are attempting to spam SEs but I think you're saying that because of widespread abuse method "a" (at least) would be processed as spamming.
BTW, I totally appreciate your comments!