I'm probably in the minority in saying this, but I still believe the quality of the content is the single most important factor in building traffic. You can try all kinds of tricks, but ultimately if you write great content that provides value to your visitors, you'll experience no end of referrals without having to resort to tricks.
When you hit the "publish" button, do you come away feeling you've posted the best you have to offer?
Content creation is the strategic aspect of traffic building. If you get lost at the tactical level and never get the strategic level correct, it's hard to grow beyond a certain point, and you'll always feel you're trying to game the system instead of simply giving your readers something that really matters to them. Plus you'll be doing something that will ultimately attract massive competition because just about anyone can duplicate your tactics. A good strategy is much harder to duplicate.
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