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One of the ways search engines judge the value of a website is by evaluating the links that point to it. Few or no links tell Google that your website is unimportant; a large number of links from quality websites indicates that your site has useful content, which increases your search engine visibility.
While on-page SEO is important, inbound links rank up there as one of the best ways to assess the quality of a website because it essentially crowdsources the process of evaluating a website’s reliability, usefulness and trustworthiness.

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