Nofollow link from page rank 7?
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What do you think about a nofollow link from page rank 7? will I see any results?
how much is it worth?
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How long is your piece of string?

That's a hard question to answer - but I would not turn away a link from PR7 site, even nofollowed! Â Is the page your link is on a PR7 though? Or just some lowly page elsewhere on the site..
As for value - what's the referral value of the link? How many visitors do you expect and what is your conversion rate? How much profit do you make from a conversion? You have to factor all this in.
Many people have paid $300 for a link on a sub-sub-category or Yahoo directory or BOTW and those pages aren't close to a PR7 (often PR0!)..
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It will be on the home page and than will go down to nowhere
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Nice! So ask what the traffic is on that page, and go from there. Ignore SEO value for now and focus on how much traffic you'd get, and how you'd monetize that traffic..
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Especially if link is from relevant page even if it is no follow I wouldn't turn it away. Search engines do see all links.