Yes, vbSEO is a good tool. I had been debating whether or not to get it before vb4 and decided that it would probably be better for marketing to get it now.
After I did that, the one month wait for vb4 beta turned into private beta only, meaning I probably wasn't getting my hands on it till summer's end. Kind of annoying that unlike in the past (where they have asked for applications), it was invite only. Kind of stifled development on our commercial product which will need updating for 4.0.
After installing vbSEO I lost about 80% of my traffic over the course of 2 weeks, and Google penalized my site for problems I had setting it up. They even went so far as suspending my best performing AdWords ads.
Two days ago, Google finally forgave me and reinstated my ads. I guess they noticed that vbSEO tripled the number of indexed pages from my site and that my site wasn't actually broken. My traffic is returning now thankfully, and I have to spend less on ads for the same amount because of vbSEO.
Thanks to vbSEO I figured out how to set up funnels on my Analytics account (for new registrations, sales from new registrations), something I doubt I would have noticed was even available.
Will I be renewing? I just purchased about a month ago... I doubt vb4 will have anywhere near the options that are in vbSEO. Then again, I had to write my own plugins and such for vBulletin Project Tools to be "optimized" for SEO - something I wasn't particular happy to discover wasn't in vbSEO already. Calendar pages too, but I didn't write my own for that. I still get a lot of duplicate content alerts about calendar pages.


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