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My two main considerations these days are how much organic traffic the site gets and whether it's relevant, or has a relevant section on the site where my link would appear. I only buy links from sites that get at least 5k uniques/mo from Google, bonus points if the organic traffic comes from target country. Forget old-school metrics like DA/PA, TF/CF. It's all about organic traffic and relevancy. I'd rather get a link from a DA 10 that gets 6k uniques/mo from Google than a DA 40 with no organic traffic.
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