Could posting on YouMoz get you penalized for "Guest Blogging?"
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We're just about to go into a quarterly all-hands meeting, so I can't write a long reply to this. I'll add my comments tomorrow morning. Looking forward to the discussion!
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My 2 pence.
I think its a relevance thing, guest blogging was being bashed by spammers - target was (from what I sore) moz stats basically, "this blog will take my article it has a DA/PA 50 mR/mT 6.0" and on it would go linking to a website which was completely irrelevant to the blogs content.
I think YouMoz is all good if your linking to a digital agency, linking to a payday loan site im not so sure. I've watched vids of Matt Cutts even stating the above about a relevance issue basically telling the same story as I above.
Traffic from a none relevant blog is spam, traffic from a relevant blog in my eyes is not.
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Great question. Great discussion.
Matt Cutts very specifically said "if you’re using guest blogging as a way to gain links in 2014, you should probably stop" (http://www.mattcutts.com/blog/guest-blogging/). He didn't say "stop guest blogging altogether". Two different things.
Lizzie Borden murdered her parents with an axe. That doesn't mean axes should be outlawed for chopping wood. (Sorry, but it gets my point across.) As others above and elsewhere have pointed out, there are and remain very good reasons to guest blog. If you continue to provide value to your intended audience without trying to draw too much attention to yourself, you'll be fine. I know that's subjective, but EGOL gave concrete examples of what NOT to do.
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Sarcy contained in elipses. That's interesting. Though I'm inclined to agree.
The Matt Cutts talked about editorial oversight and materiality. Those are very interesting things, especially materiality.
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I know Moz has talked about this internally and perhaps sought clarification on how Youmoz "should" work from Google, so hang tight for Keri to get back to this one, everyone

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Keri,
Are you still going to add your comments? I think everyone would like to read them.
Thanks,
Ruben
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I will! Had a few other things come up, but I do plan on responding, should be later today.
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We're certainly not afraid to decline posts. In the past several weeks, we've been averaging about 50 spam posts a week (pure spam, such as horoscope predictions), declining 20-30 posts a week, returning 5-10 back to the user for edits, and publishing 1-4 posts a week.
I've been doing this for about two and a half years now. We've never let pure spam through, but we were more lenient on anchor text in the past than we are now -- today, you're not going to get away with Springfield SEO company as the anchor text for a link back to your company in a post.
Last year, I wrote more details about the YouMoz process at http://moz.com/blog/inside-youmoz-how-to-guest-blog-for-moz. This is still what we do, though a couple of the people have changed.
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To the best of my knowledge, no one at Google has replied to our questions.
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I've actually approved a YouMoz that did link out to a gambling site. The post was about how to do white hat marketing for shadier industries, and linked out to a legitimate example of what the author was doing. It was a relevant link in the context of the post.
I've only made a couple of guest posts myself, but I do have a lot of links from Moz, Search Engine Roundtable, and other SEO-related sites to our business about model battleships. These have usually been attribution for liveblogging (on Search Engine Roundtable), or just mentions of my name in some other form, with a link to the site. If you look at my link profile for that site, it is not solely from sites about model warships or electronics, but I have yet to have any type of notice from Google, and some of those links have been there for years. That said, I didn't get any of them through blog comments, and most of them are just my name or business name for anchor text. This is my personal experience, and yours might vary.
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As I mentioned in my Inside YouMoz post, there are even some posts that I would have turned down if they didn't have links. I try to treat links as scholarly citations rather than votes. There's a post right now in the queue that I need to respond to and tell the author that they need to back up some of their statements with links to the source of what they are claiming.