I have blogged about getting backlinks to your blog using directory and commenting on other blogs. The method is completely free but it will take some time and lots of hard work. So if you don’t have any funds or spare money to spend, the method is the one that is best for you to starting building backlinks to your blog or website. If you have some money to spend or wanted to increase backlinks to your site faster, then you can advertise on blogs.
The work flow is simple. You need to advertise on paid to blog websites or certain forums to look for bloggers who wants to write and link to your website or blog. Usually you will provide the anchor text and the minimum words that you want for the article or blog post. How about the rates? The rates usually determined by both parties, but usually the advertiser will set it. So the bloggers can decide whether to take it or leave it. Other qualities that affect the rates and the price for a blog post is Google Page Rank value and Alexa rankings. You can read more on the advantages and other blog advertising news here.
So if you have some extra funds, advertising on other blogs is the way to go. You can also use the fund to insert your link into Yahoo Directory which is a paid directory, unlike free directory such as DMOZ. So, assess what you have and then decide on how to build backlinks to your blog.