It takes a lot of time and patience to develop effective Link Building Strategies. The best practices require consistency, innovation, and patience. While link building can be a time-consuming process, with the right process, your audience will find your content more easily. If you follow these tips, you will be able to increase the number of backlinks to your website, improve your rankings, and gain more visitors. In the end, you'll be happy you took the time to do it. As On-Page SEO is important, in the same way link building is also important. 

If you don't know about SEO, here is the complete guide where you will get a gist about it.

Link building is a numbers game

• If you're interested in growing your site's link popularity, you should know that link building is a numbers game. The more links you have, the higher your rankings will be. The Penguin update changed this dynamic, making it more important than ever to get relevant links. That means focusing on a handful of keywords. And it's not just your PR team that needs to be aware of link building's importance.
• Increasing your page ranking is one of the most important goals of your link-building campaign. The goal is to get your star content pieces ranked in the top 3-5 search results, and it's vital to monitor your SEO efforts on a regular basis. You should also monitor the search positions of your content pieces on SERPs to determine whether your backlinking efforts are working. The best-case scenario is for your star content pieces to show up in the first few pages of the SERP.
• In addition to having high-quality links, you also need to have lots of them. Most link-building guides focus on getting high-quality content because they get shared more than low-quality ones. People and businesses are always looking for high-quality content to link to. However, very few people link to their homepage, product page, or shopping cart. You should focus on high-quality content, but remember that it doesn't hurt to link to other high-quality websites, blogs, and forums.

It's an art

• Effective link-building strategies involve quality, original research. Quality original research establishes your brand as an authority on a topic. Producing readable reports with key findings can also help your link-building strategy. If you don't have the time or the inclination to do this research, you can hire someone to do it for you. But, in any case, quality original research can help your links. Here are some tips for a more effective link-building strategy:
• First, consider the context of your links. When creating links, use keywords that are related to the page you want to promote. Remember that Google prefers contextual links. Also, use relevant anchor text on your links. The better the quality of the anchor text, the more influential the link is on the page. Links that have high quality and relevance to the content of the page will be more effective for both the SEO and branding of your website.
• Next, decide what your goal is for your link-building campaign. While niche edits are good for improving organic rankings, they're not very useful for building brand awareness. If you're looking to boost brand awareness, focus on quality websites and sites that are relevant to your niche. With the right strategy, you can easily build a good backlink portfolio. However, keep in mind that link building is a lengthy process. As with any marketing strategy, you'll need to be patient.

It's a numbers game

• The success rate of outreach email campaigns is in the low-single digits for most link-building strategies, and guest post pitches are no exception. Most of the time, the vast majority of recipients will never respond, and a good chunk won't respond at all. However, there is a way to increase the response rate to outreach emails. Here are some tips to help increase the number of replies you get:
• The first step to success is to approach your most valuable prospects. Email outreach should be non-promotional and should focus on suggesting improvements to the recipient's site, recommending a new tool, or sharing an interesting thought about the industry. Social media outreach should include following accounts and leaving thoughtful comments or liking posts. It's best to target high-quality prospects in advance so they are more likely to respond.

It takes time

• Link building is not an easy task. It takes time and effort to see results. For new or small sites, it may take months before you see a noticeable change in ranking. This is because you will have fewer links to build than larger sites. Nevertheless, link building is very beneficial to your website's long-term health. This will increase your site's authority and relevance in the eyes of Google. It also gives you more time to focus on content marketing.
• The first step in link building is networking. You can do this by exchanging links with other websites, HARO (human, automated outreach), and writing guest posts. In Fort Worth, Charlie Tatum, a content marketer, approaches his link-building strategy similarly to PR: he looks for opportunities to get links and features in high-authority publications. The best way to find these opportunities is by being active in the community.
• Getting links from high-quality websites can improve your site's rankings. If you have an authoritative site, you can leverage its authority by allowing others to link to your page. In addition to the number of links, the quality of those links will also matter. The higher the quality of these links, the more SEO and branding effect they will have on your page. So, remember that it takes time to build links. This process is a long-term strategy and will result in results.

It's expensive

• Using link-building strategies is important to generate traffic to your website, but they can also be expensive. For one thing, there are costs associated with publishing content on high-authority websites. Another cost associated with link building is the length of the content. A thousand-word article will take longer to write than a 500-word one. This is because quality content requires research, outline, revision, and editing. Fortunately, there are many affordable ways to build high-quality links.
• Although some strategies may be considered inexpensive, link building is one of the best ways to generate a steady stream of traffic. The strategy can generate hundreds to thousands of unique visitors each month, especially if it's targeted to the right keyword terms. The best part is that the results of link building can compound quickly, and the links themselves can be long-lived. Therefore, these efforts are often considered an investment in your website's future.
• The cost of link-building services varies widely. Some strategies cost as low as $100, while others can cost up to $20,000. The cost of link-building services depends on the quality of the link, the quantity, and the price per link. The most efficient way to determine the price is to calculate the cost per link. However, the prices for link-building services vary widely, so you must be aware of these costs and choose the best service provider based on your budget.

It's underrated

• When it comes to SEO, link building is an essential part of the process. Creating high-quality links will help your site rise in search results and increase its traffic. You must take the time to build high-quality links by getting other websites to link to your content. It's a good idea to use a combination of different link-building strategies. There are a lot of tried and tested link-building tactics, as well as some underrated ones.
• Content creation is a great way to build links. When writers share content on a subject they're interested in, it shows their expertise in that field. People click through on links when they see something they're interested in. Using content creation in link building is also a great idea, as it demonstrates the business's expertise. This type of link-building strategy can be effective for a wide variety of purposes and can take many forms.
• It's easy to learn the basics of link building. However, mastering it takes more work. You'll have to experiment with different methods and find out which ones work the best for your site. This way, you'll be able to use the best techniques to boost your site's ranking in the search engines. So, take a look at Peter Mead's guide to link building. This article will give you some great tips and techniques to boost your SEO.

I would enlist some of the best link-building strategies. Here is everything you need

1. Outreach the industries where your niche is relevant
2. Doing guest posts which has a high domain authority
3. Interlinking the content on your website naturally
4. Reverse engineer your competitors by seeing their backlink profile and building backlinks around it which have low competition but are qualitative