Is links exchange considered black hat SEO?

You can check SeoDataService this site. They should help you

Techniques of link building :-
1. Article Submission
2. Blog Submission
3. Forum Posting
4. Directories Submission
5. Bookmarking

Link exchange is careful as extremely time overwhelming as you will have to hunt for the correct sites to swap links. Bulk of the site owners erase these needs

Link building really help to create some quality backlinks for the web site, also it helps to increase the visibility of the site in the search engine.

Techniques of Link building :-
1. Bookmarking
2. Forum posting
3. Directories Submission

Do focus on On Page as well it helps too.. Off page activities takes time and for that you have to be care full while doing back linking..

Can you pls elaborate the term satellite sites??

The methods that I employ for the link building job are - Article submission, press release submission, social bookmarking, rss submission, forum posting. I hope this much would do the trick.

Are page directories that useful after the panda update? I thought now it's quality of content that wraps the link that is more important then the site the content is hosted from right?

Direct sumbmission is one of the best technique for link building........

forum posting
blog commenting
article submission
blog post
directory submision
ad listing
social bookmarking

we can increase the link we social bookmarking, submission of Directories,form posting,bloging.

The best way to increase you links just do submission of directories and social bookmarking

Although off page SEO is significant but we should also emphasize on On page SEO for making it friendly with the search engines and increase the page rank.