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I bought a .se domain for a project of mine. In Google Webmaster tools the geographic target is set to Sweden with no way (that I saw) to change it. I got very limited traffic from natural search.

I recently bought a .com domain for the same project and I am already seeing an increase in natural search.

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Just to add to this, here's the list of TLDs Google considers generic/geotargetable: https://support.google.com/webmasters/answer/1347922?hl=en

This is not good.

I mean why should a smart search engine like Google limit a TLD to a particular region. Especially since squatters buy good .com domains and charge premium prices. They of all people should know the difficulties of finding relevant domains.

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