Make your Google Analytics reports work double-time for you: first, use them to make decisions about how to optimize your client's site, then use the data to create successful AdWords campaigns.
The Referring Sites report in Google Analytics is where you'll find details on web pages that are driving traffic to your client's site. By looking at this report, you can identify relevant sites that attract users interested in your client's offerings. These are the perfect sites on which to place your client's ads.

Posted by Will Crew, Agency Team
Link - from AdWords Agency Blog
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