Most bloggers out there think that outbound links hurts their reputation and might cause a lose of readership, but this is absolutely false. Infact outbound help them to gain popularity and readers. How?, I’ll explain..
Outbound links help you to build strong relationship with other bloggers. They’ll start reading your blog and if your content is good, they will surely ping you back and start leaving comments. But keep in mind that content matters the most, if you excessively link with very little content, it’ll hurt both your SEO and revenue.
Promoting other blogs will also help you to bring traffic into your blog. If you promote someone’s blog and if he gains some traffic out of it, he will surely reciprocate back by promoting your blog.
Early this morning, I took a look at my stats and found that I had received over 4000 hits from StumbleUpon for this article, It was submitted by Ajay DSouza, I thanked him (over IM). It encouraged me to promote his stories on StumbleUpon (or on any other site for that matter)
I’ve come across few bloggers who submit only their stories to Digg, Reddit or StumbleUpon, I promote stories which interests me !!