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Also, in looking at monthly reports, you may see hits for terms that you could be bringing up in the rankings. You may also have to react to new competition and adjust pages. You can also build additional pages to target terms that you didn't cover first time around.
I'm curious how people charge for link building. My experience tells me it takes a lot of time to establish a good link. I also know that I'm uncomfortable delegating many parts of the process, at least for prime links. What is a link worth in dollars?
Marcia - Though I prefer to do a full optimization on the first pass, clients these days are spending less money upfront, but are willing to continue if they see results. So I try to plan out the whole structure, optimize the home page and several additional pages, and then add on in subsequent months. I'm just beginning this, so I'm not sure how it will affect theming. The client is aware of the plan from the start.
Sometimes on a reluctant client I'll build a few extra pages to show how the system works and get the results. Then it's an easy sale down the road for additional pages.
Um, by the way, it is a sales pitch (technique) :)