Metrics for differetiating Quality link prospects

I have been doing SEO for the past 2 years for my websites.

My Link Building Strategies are simple

  1. Find competitors
  2. Get competitors backlinks
  3. Find contact details of Potential competitor backlinks
  4. Mail them and ask for a link

I am using Majestic SEO to get the competitors backlinks. The problem I am facing is that I get thousands of spam backlinks for a competitor along with 10% genuine links. All my time is wasted in sorting and finding out which is a genuine link prospect and which is not.

Lately I started using the SOurceTrustValue fom majestic SEO to differetiate the spam and genuine prospects. I ignore If the sourceTrustValue of a source link is zero. Now from my 10,000 backlinks 9900 are filtered out as spam links and only 100 remain for which I ask for links via email.

Is my approach correct or is there any other way to eliminate the spam competitor backlinks or any other metric (SourceTrustValue, Google Page Rank) whihc will differetiate good and bad prospects.

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