Mistake in link building

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The biggest mistake in link building made by most Webmasters is that they tend to submit their websites to tons of directories for a hefty sum of money. This is not efficient because not all the links will be picked up by the search engines, in my experience, less than 40% of such links are indexed by the bots generally. Furthermore, they do not bring in any traffic for the site. The only directories that worth the submission are Yahoo and DMOZ. They bring in traffic for the listed websites.