I agree with whats has been said. I started a links list by hand, it took SO much more time. As natalie said, it might be a good idea to start with free sites to get the hang of how it all works. Plus you can get more traffic quicker with free sites, compared to starting a links list. Another idea is to start with free sites in sub directories of your domain and over time build the root into a links list. Will build up some PR and traffic while your doing the free sites. It would be like your getting ahead of the game.
There are a few inexpensive links list scripts, WELL worth getting. You'll be happy you did.
ronnie
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