mullman99 - 11:27 pm on Nov 7, 2011 (gmt 0)
As someone "in the trenches" of that 'low-level' internet marketing game, I can tell you what 'we' do, and what works today.
It's still largely about links. What's changed is the link profile. In the 'internet marketing' world - what many of you would consider the "mmo" or "make money online" world (yes, lots of spammy, gray, and blackhat stuff, but none-the-less a keen awareness of rank & traffic building) - the world still revolves around linkbuilding. Since many of us aren't in a position to easily get high-authority links, we focus instead on the 'best' of what we can get.
As has been mentioned, editorial or 'in-content' links are the strongest, with 'in-content' links on 'best' sites being the goal.
These would include high-PR and/or high-authority sites in your own or related niches.
How? The best method is "guest blogging". Search for and create a list of 'good' sites: those high-PR and/or high-authority sites that publish often. Write - or outsource - the best/highest quality articles you can manage, and offer them to those sites/blogs in return for one or two 'in-content' links within the articles. Follow the basic anchor-text best practices.
Next, article syndication. Yes it still works, providing you do it 'right'. This means the better article distribution/syndication networks (here's a link to an excellent comparison of some of the better & better known networks: [imimpact.com...]
Leverage RSS feeds, mix in some social bookmarking and blog commenting. Unfortunately, SEN has 'burnt out' the sources they post to, but there are still worthwhile social media sites, etc.
If anyone is interested, we recently published a "post-Panda" course on 'free traffic'. It goes over both organic, and 'other' traffic sources & methods. I'd be happy to post or email some of the material.