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Oh I almost forgot... if you're targeting some of those low volume keywords, do some bum marketing. Harnessing the power of other websites SEO with a link to your own can be very interesting.
I think these links will give a quick overview. I think one is sales copy for some stupid opt in or product, pay no mind to that or the IM hoopla, the sites listed are accurate and it should explain it half way decent.
http://www.bummarketingblog.com/
http://www.bummarketingmethod.com/Article_Marketing.html
Interesting articles! Sounds like theone guy is promoting AdWords Analyzer 3.0. ...Are you using this software?
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