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I know recip links to relevent sites is the way to go...
Be careful with your recipricol links. Too many could raise a flag.
But what are the benefits/drawbacks of tons of outbound links to relevent sites?
Define "tons". Typically "tons" of links are placed in link directories attached to the main site. That type of strategy is no longer viable from my perspective.
Now, "tons" of links naturally from within the pages of your site is something totally different. Effectively managing those links is imperative. Dropping them all in a div at the bottom of the page may not be an effective strategy. Placing them naturally within your main content surrounded by the appropriate copy and you've got a winning formula.
I'd be careful though as to not upset the balance of those outbound links. Too many might cause an issue. There will be many other factors involved which will determine the final outcome.
Also, how do those outbounds affect the visitor experience? Do you want them to leave your site? How are you configuring those outbounds? Popup? New window? Direct links?
I have about two thousand companies and I'd say 80% of them have websites.
Brad