What is a Keyword’s Value?

So I was planning on writing a post about keyword research, doing it smarter, looking at more than just the search volume and so forth. Then I watched Rand Fishkin’s Whiteboard Friday (OP) from last week, and realized I don’t need to write that post. Here is more or less what I was going to say, but much much better. Thanks Rand, now I’ve got free time!

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Tactics we are testing, results we are seeing. No filler.