A - if your domain is pretty new ..don't you EVER build a lot of backlinks at the start!, go and get some high pr links FIRST. This is very important to boost your site at the beginning of your SEO journey. After you get these High PR links (You can do some MANUAL blog comments on high PR blogs posts, it will be more than enough though ) and after your site is indexed...do some legit advertizements to get you some visitors even if it's cheap and will get you visitors not related to your niche, we just want to cover the massive backlinks you will build later, since Google have algorithms to detect sites with lots of backlinks coming without having any traffic!!, if you do that it's like screaming loud "un-natural backlinks are coming!" it's a common mistake a lot of people do though, after a week or two you can stop the advertizements and go build as many backlinks as you want!.
B - Be smart, save your time and start using a link building software, and remember a tool is a tool and it's only doing what YOU are asking it to do!, so you can easily use this tool to build 5000 blog comments links a day and get your site slapped by the big G next day! then you go blaming the SEO link building tools in all the forums you can get your hand on like an idiot!!, OR you can use it to save your time and build 200/400 links a day (depending on how old your domain is) for 4 inner pages along with the home page with 30% of your target keyword as anchor text and 30% related keywords and 30% general keywords like "click here" & " check out this site". All this in readable Articles or super spun articles BUT must be readable and make sense. I recommend you to use a service like article builder or ultra spinnable articles to get a high quality super spun articles related to your niche. Don't worry about passing Copyscape though, these articles will get your links indexed in Google and that is all what you need to worry about.
C - Build backlinks from a lot of web 2.0 blogs, WP / Elgg blogs, article sites and some little bookmarks as your tier 1 backlinks. Then build bookmarks / RSS / Blog comments / Profile links as a second tier pointing to your tier 1. Learn how to do it in the smart way so It will look natural as much as you can.
D - Remember, a link that is not indexed in Google is useless ( I know some fellows will not agree with me about that, but this is what I saw in my own tests ), so you must make sure that your backlinks are indexed in Google to get the link juice you are looking for. How to do that ?, build links to your backlinks to get them in the index.
Just my 2 cents.
