Nofollowing to boost internal page rankings.
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I have a site with 200 links on the homepage, how much will it boost nofollowing the other links boost the 50 pages we care most about?
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For Google, Zero.
When you nofollow a link, the PR will flow to the link itself and die without being passed on to the link's target.
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Are you talking about PR sculpting? If so see link below.
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What's your PageRank? I have seen evidence that websites with high PR can get away with a higher number of links on their homepage. Just look at the New York Times or similar sites. They have 100's of thinks on their front page, but Google will crawl all of them because of their authority.
But to address your question, no, nofollowing internal links has been shown to be ineffective and frowned upon by Google (see link in other reply). Follow everything and really think about the value of each link and whether it really needs to be there.
Good luck!
Andrew
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All three answers are correct Adam
Google changed the way they deal with no-follow links a while back. Links will pass the same amount of link equity whether the other links on the page are followed or no-followed. The difference, as others have indicated, is whether or not you want the equity to 'flow' to the page the link is pointing to, or to end at the link... either way the same amount of equity will flow to the other pages you have links pointing to.As Andrew indicated, if your site is very strong (and I mean really, really strong), then 200 links on one page will be ok. Otherwise I'd seek to reduce the amount of links you have on that page.
Andy

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Thanks for the replies, the site is PR5, Im going to try to reduce the links some