Is it a good idea to list competitors in a press release for SEO purposes?
Press releases have short lived usefulness in terms of news search because after a few weeks or a month, they get displaced by new news. It depends on how they are distributed and published. If there’s a goal to rank well on competitor names, there are other things you can do that will be more effective. I don’t think ranking for competitor names is a productive strategy as ranking well for things that are meaningful for your audience.
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