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I'm thinking about hiring a part-timer to spend two days a week on links. It's a decent site with a PageRank 4 (previously 5).
Although I'm not sure how I think he should spend the time – Press Releases, Blog Writing, Article Submissions, Directory Submissions, Cold calling etc.
How would you spend two days a week acquiring links?
That's some low hanging fruit that should allow you to start getting relevant links.
1st Day - Research and create as exhaustive content as possible and make it vivid with images and rich media/ multimedia content.
2nd Day - Identify all the key authority websites on the topic and send the content to them for a review. Also help to spread the word out through various Social Media channels.
Will work wonders.
The top social media sites are also helpful.
If you only market one website, then try all methods to building links. If you market many websites, try those save your time.
I sometimes use it.
You should use it as a tool to do researches.
It's an useful tool: you can monitor competitors and easily find good place where to ask for links. It's a little bit slow but give you an idea about the link popularity of your competitors: the quality of links etc.
There is a limit: the software shows you only 1.000 links and doesn't give you the possibility to filter results.
If you have a very good list of quality links already, getting a few key PR5+ links from unrelated sites will definitely not hurt, and help a lot in rankings. The hard part here is filtering through the junk (recently expired domains, copied content, splogs (spam blogs), etc.). Use www.Archive.org to find out if the domain was expired recently, and what it looked like in the past.
Heck, you don't even really have to hire anyone to do this, you can do it yourself. Don't base your link building efforts on something like this, but used in moderation, it's a HUGE step forward to kicking up a stalled link building project.
[edited by: martinibuster at 9:04 pm (utc) on Nov. 23, 2008]
[edit reason] Removed links to SEO tool website. [/edit]
Most people are lazy to exchange link, or submit to directories site by site. Even we focus on article marketing, we may take one hour to submit one article to 10 or 20 of high ranking sites.
So I believe there is some tool can fasten the proccess, or nobody can manage and promote 100 or 200 adsense sites and get constant traffic.