Okay, if you're still with me, fantastic. You're one of the few that doesn't mind wading through a little bit of hopeless murkiness to reemerge on the shores of hope. But before we jump too far ahead, it's important to understand what online marketing is and what it isn't. That definition provides a core understanding of what it takes to peddle anything on the web, whether it's a product, service or information.
As a webmaster or business owner, you're going to get a plethora of emails or form submissions offering things like guest posting services, backlink building offers, offers to buy domains with a "high page rank" and whatnot - like the one right here I got just today. Don't entertain them! It's tempting to think that hey, "I can pay someone to build more backlinks to my website and reap the fruits of their labors... mwahaha" but 99% of those services are more trouble than they'll ever be worth. Why?
Yes, the more links on a page the smaller the amount of page rank it can pass on to each, but that was as it was before. With regard to what happens to the ‘missing’ page rank, it seems that if this is the case all over the Internet, and it will be, the total amount of page rank flow is reduced the same all over so you don’t need as much page rank flow to your good links to maintain relative position.

I would like to know how Google is handling relevancy with so many websites now jumping on the “no follow” wagon? Seems like just about every major website has no follow links, so with the Panda updates this year what’s happening to all that lost link power? Seem’s like this tactic will stagnate the growth of up-and-coming websites on the internet to me. Am I right here?

Using Dr Dave Chaffey's approach, the digital marketing planning (DMP) has three main stages: Opportunity, Strategy and Action. He suggests that any business looking to implement a successful digital marketing strategy must structure their plan by looking at opportunity, strategy and action. This generic strategic approach often has phases of situation review, goal setting, strategy formulation, resource allocation and monitoring.[59]

The paper’s authors noted that AltaVista (on the right) returned a rather random assortment of search results–rather obscure optical physics department of the University of Oregon, the campus networking group at Carnegie Mellon, Wesleyan’s computer science group, and then a page for one of the campuses of a Japanese university. Interestingly, none of the first six results return the homepage of a website
Thanks Matt for the informative post. However I do have some questions regarding blog comments. Let say a blog post of mine have PR 10, the page has 10 links, 3 of them are my internal link to my other related post, the other 7 links are external links from blog comment. Based on your explanation, even the 7 external links are nofollow, my 3 internal link will only get 1 PR each which is still the same if the 7 external link is dofollow. Therefore there is no point of adding nofollow for the sake of keeping the PR flow within your own links. Is this correct?
As of 2009, there are only a few large markets where Google is not the leading search engine. In most cases, when Google is not leading in a given market, it is lagging behind a local player. The most notable example markets are China, Japan, South Korea, Russia and the Czech Republic where respectively Baidu, Yahoo! Japan, Naver, Yandex and Seznam are market leaders.
Online marketing can also be crowded and competitive. Although the opportunities to provide goods and services in both local and far-reaching markets is empowering, the competition can be significant. Companies investing in online marketing may find visitors’ attention is difficult to capture due to the number of business also marketing their products and services online. Marketers must develop a balance of building a unique value proposition and brand voice as they test and build marketing campaigns on various channels.
PageRank was developed by Google founders Larry Page and Sergey Brin at Stanford. In fact the name. PageRank is a likely play on Larry Page's name. At the time that Page and Brin met, early search engines typically linked to pages that had the highest keyword density, which meant people could game the system by repeating the same phrase over and over to attract higher search page results. Sometimes web designers would even put hidden text on pages to repeat phrases. 

In today’s world, QUALITY is more important than quantity. Google penalties have caused many website owners to not only stop link building, but start link pruning instead. Poor quality links (i.e., links from spammy or off-topic sites) are like poison and can kill your search engine rankings. Only links from quality sites, and pages that are relevant to your website, will appear natural and not be subject to penalty. So never try to buy or solicit links — earn them naturally or not at all.
Google will like your content if your clients like it. The content should be helpful and contain less information which is already known to the reader. It is to meet their expectations. When users vote for your site, it means that Google starts accepting it as an authority site. That’s why content writing is as important as a speech of a candidate for the Presidency. The better it is, the more visitors you have.
If you're serious about finding your voice and discovering the secrets to success in business, one of the best people to follow is Gary Vanyerchuck, CEO of Vayner Media, and early-stage invest in Twitter, Uber and Facebook, has arbitraged his way into the most popular social media platforms and built up massive followings and often spills out the secrets to success in a highly motivating and inspiring way.
Yep, please change things to stop keyword stuffing. Change them to stop cloaking. Definately change them to stop buying links that try to game Google. But, telling search engines to not give weight (that I control) to pages that are not what my site is about or are not really relevant. No way. This is logical stuff here. Maybe too logical. I think deep down you know this Matt too.
3. General on-site optimization. On-site optimization is a collection of tactics, most of which are simple to implement, geared toward making your website more visible and indexable to search engines. These tactics include things like optimizing your titles and meta descriptions to include some of your target keywords, ensuring your site’s code is clean and minimal, and providing ample, relevant content on every page. I’ve got a huge list of on-site SEO tactics you can check out here.

While ordinary users were not that interested in pages' scores, SEOs of a different caliber felt that this was a great opportunity to make a difference for their customers. This obsession of SEOs with PageRank made everyone feel that this ranking signal is more or less the only important one. In spite of the fact that pages with a lower PR score can beat those with a higher score! What did we receive then, as a result?

Page Rank