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I know some people spend a lot of time looking at which keywords bring them traffic, which sites bring them the traffic, etc.. and use that info to better promote their sites.
I just think that this is too time-consuming.
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Time consuming or not, it is the best way.
With that information you have real knowledge about what is
actually working, rather than guessing with unknowns such as PageRank, AlexaRank or SERP position for some random phrases that bring no useful visitors at all.
If you know what sites / pages bring in link referral visitors you have a real basis for measuring the effectiveness of a structured link campaign, not the "wet finger in the air" guesswork that the majority of link exchangers base their strategy on.
Directories, again you know which ones send visitors (if any of them do) so you can work out if it is worth paying for a more prominent position in some of them.
Any directory owner with half a clue (that excludes most of them I would say) should be willing to provide stats on what keywords/phrases their pages are found for on a regular basis. Information like that makes it much easier to sell adverts than telling people what imaginary toolbar PR the HOME page has.
Real information about real actions that real people take is is priceless for working out a promotional strategy.