New website seo plan

I just started one social media exchange website now I want to do seo, I'm not in a position to spend more and I got some low competition key words, I'm planning to write a fresh article (with keyword pointing my money site) and submit it Squidoo and create backlinks to that article(fiver backlinks?). I'm not sure what will happen. What you guys thinking is this plan will work

SEO plan nowaday :
tier 1 : (pointi directly to you sites) web2.0, quality article blog post, high pr social bookmarking,.... (it's must have unique content,not spun)
tier 2 : (point to tier1) anything with lower quality : web2.0 with spun content, blog post, social bookmark, wiki, forum profile....
tier 3 : scrapebox blast......

Hope I can help you out

Pyramid linking is pretty good

Make sure you optimize your article and squidoo lens. Then blast the hell out of them

thanks for the reply