Not All Links Are Created Equal
Remember that not all links are created equal. A link to your blog from the home page of The New York Times will far outweigh a link from an unknown blog. You should not only strive to build a lot of backlinks but also try to receive them from authoritative sites. These will in fact increase your PageRank, ranking, and possibly send you a stream of referral traffic.
The PageRank of a blog correlates with the authority and popularity of that site. Anything over (and including) a PageRank 4 indicates that your blog is fairly popular. The whole point of link building, ...
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