The LB or Link Building is actually vital to grow high standing, we ought to go for a lot of those common but proven to be effective tactics.

The importance of links by 3 way link building can then be improved than typical reciprocal links, which are generally made between two web sites. In this three way link building take the link from others web site and in return you provide a back links from one of your other website.

Link building is important to get high rating, they ought to go for forum posting, social networking, bookmarking etc are great ways to go with.

I agree with this, in order to get high page rank of the site, link building is important. Article Promotion, blog commenting, directory submissions, press release etc. are few techniques used to increase the traffic & page rank of a website.

Link building is a very important in self endorsing your site on the Web. Other than finding high quality links, you should also do forum posting, social networking, bookmarking and others too

Link building is very important form of self-promotion on the Web. We are the best way to post to the forum, have to go to social networks, such as bookmarks to go to. I would recommend looking for this type of high quality links easily.

Link Diagnosis - It is one of the popular link analysis tools available in the internet. It allows website owners to examine link competition by providing the main details about competitors' links.

Here are some very beneficial seo tools which could help you in so many manners,

Seeded Buzz.
My Blog Guest.
Google site analyzer.
Google backlink checker tool.

Really the best tips and tools are given by you all and I think Contents are the main for link building. Content freshness adds relevancy to your site in the eyes of the search engines.

These are basic link building tips. Increase your traffic significantly. Improve your visibility in the search engines. Provide an added resource to your website and tools are backlink checker, web rank tool bar, search status etc.