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I would like to share my experience with getting on the fist page of Google for very competitive keyword. I managed to get on the first page of Google for quite a competitive keyword which has 24 000 exact searches a month on Google. I am on the 6th position and the amount of traffic I get is ridiculous about 15 hits a day out of average 800 hits this keyword has on average daily basis. This proves that getting on the fist page means nothing. You have to be in top 3 if you want to receive some decent traffic. I think that getting to the fist page won't give any huge amount of traffic.