Most bloggers I know have great trouble exchanging links with other blogs, so we (Pua & I) have developed a strategy called "Blog Hopping". It's simple to set up and in theory will work extremely well.

Basically all you need do is have a post on your blog with an apt title explaining the idea. Whoever is interested will leave a comment saying they would like to exchange links and ideally will set up the same post (it can be modified for individual preference) with a link to your blog. You then if interested add to your post a link to their site.

The intention of this is to increase your Technorati rating as well as your Google PR and that of other search engines.

I don't think it will work with sites such as writingup as these don't seem to be indexed by Technorati.

I have set one up Here for anyone interested in having a look.

Update: So far only one person has joined but that link showed up in Technorati within 24 hours.