Can anyone tell me how to make a blog farm or a link farm and what are the benefits of it? I'm just trying to catch up with some knowledge I need to start making money.

Use software to do this... just register ton of parasitic blogs and post to them...

I'm creating a Blog Farm network (somewhere posted on this forum) that allows you to add your Wordpress MU blog and in return register blogs for you on every other blog that is added...

The benifits are links pointing to your sites.. Basic SEO.. need content + links.. without either you won't get anywhere...

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Also...using generic preowned domains with wordpress blogs on them is a good idea.

here are a few website about blog farm.

wpma*nagerdx.c0m 97$
wordpre*ssdirect.c0m free to sign up and upgrade to gold 127$/month, silver 67$/month
conte*ntfx.c0m 77$/month
blog*gingm*ster.c0m 1997$ one time fee