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What I've learned in the last couple of days that I wish I would have known:
1) You can find out how people are reaching your site through your server's access logs. If the access logs don't give the full stats, you can run a CGI script to get the info. (I always thought cookies would be required for something like that)
2) Web Position Gold and other auto-rankers are banned from use on Goggle with dire consequences (unless using the Google API license).
Anything you have learned since being a newbie that you wish someone would have told you?
WBF
I'd say to try to build each site like a franchise. Basically outline each job necessary to make the site succeed and write a manual for it (without going overboard). When you achieve success (wishing you good luck!) with it this will allow you to delegate some of the work responsibilities to someone else and move on to your next project.
target lots of keywords and their variations - even the less popular ones.
you never know which one's you'll manage to get a good ranking on - landing in the top 10 for a whole bunch of low-traffic terms can add up.
content, lots of content (several pages a day). if you can't figure out what to write about - look at what other people are writing and write about that. Check Google news for any new stories on your topic - and do your own summary / link to the article.
pagerank / incoming links are important - but if the contents not on your site - you generally won't rank for it. however - vice versa is also true.
Really important:
Title
Incoming anchor text
H1 / H2
Keyword in 1st paragraph
Keyword in body multiple times
Not so important:
Exact keyword density
Outgoing links to other sites
HTML to text ratio
Make an excel spreadsheet and track all your keyword positions in Google. I use Keyword Ranker to automate this.