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I still like the 100 freesites sugestion.
Build 100 freesites before you open a linklist. That way you'll have plenty of experience and an idea of what kind of rules to set-up and how you'd like yours to work (ordered by date, alpha, etc..)
The other benefit to that is that when you open you'll have 100 freesites of your own ready to list and traffic generated to the freesites can be directed to your new linklist via the 3rd outgoing link per page.
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