Can you dominate a niche with just guest posts?
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Hypothetically, if your competitors in a niche have 100 linking domains from medium authority sites and you were able to publish guest posts on 200 relevant sites with medium authority, what do you think would happen? Would you dominate your competition?
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I don't think any one technique will cause you to dominate anything. If your site has great content coupled with guest posts and other link techniques you will certainly compete provided your competition is not putting as much into it. The short answer is "not necessarily"
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Would you dominate your competition?
My bet is "yes".