There are many different types of online communities that you can join and most will help you get a certain amount of traffic to your site. Also, there are many simple ways to obtain one way links: directories, articles, press releases, and most importantly- social bookmarking.
Let's get one thing straight: Link exchanges are a thing of the past. The only time when link exchanges work is when they provide useful information and products to your customers. Otherwise, link exchanges are nearly useless.
Social Bookmarking is present and future of internet marketing. Now is 2012, you can't do SEO without SMM (Social Media Marketing) . Social bookmarking gives YOU all of the power. In social bookmarking, you store links to your favorite websites online so you can access them from any computer that you are using. The important thing is you can make your collection of links public so that others can also use them. You select a site and use a social bookmarking website to gain one automatic backlink. Then, you add tags to the listing. The secret here is that you get a link to your site on every single tag page as well. You must make sure that your website offers unique, relevant, highly valuable content. If it does, other people will bookmark your website as well. The more people bookmark your site, the better traffic you will gain from that social bookmarking website.
Social Bookmarking is the best way to create an internet buzz about your products or your company. If you offer unique content that people will find useful, you have outstanding odds of ending up on the front page of social bookmarking websites. If your link is on the frontpage, you will receive a large amount of traffic for the effort.

The most important aspect of social bookmarking is spam. Spamming of search engines is on the rapid decline, because search engines have become smarter than most of us. Most sites allow their users to either vote on the importance of a site, or allow them to ignore you and your site slowly goes away. Don’t ruin this great opportunity for the other internet marketers out there. Social bookmarking is based on the idea of a sites popularity being decided by the visitors of that site. Make sure you are adding important sites that you use every day to these sites, as well as your own personal websites. Social bookmarking is meant for the entire community to enjoy. You should cater your bookmarks to a person that would find them, not the major search engines. You can be sure that the search engines will figure out how to find social bookmarking spam, just like they’ve found all of the other spamming methods.
Some ways for increasing traffic to your website through Social networking sites:
1) Blogs - Most blogs allow you to post comments. You can achieve a free back link for simply commenting on a story.

3) Clipart and Screensavers - Offering these for free is also a good way to get more traffic (if you have skills to make them).
4)Content - If you write about interesting topics, you are going to do well on the social networking sites. People seem to like top 10 lists, top 20 lists, etc. I suggest that you look at digg.com to see what gets the most diggs.
You can also increase traffic through through Profile Pages, bulletins, etc. Social bookmarking sites such as delicious or Squidoo are very popular as well, and you can definitely use them to promote your site.
Be a part of a few of the more popular social networking websites. These memberships will be only destined to build your own network and not of overt marketing. As your social network grows you can invite your contacts to join you on the social networking website. This should start a sequence reaction that will get them inviting their own contacts and so on. Finally your network will grow to a point where it becomes truly helpful.
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Be nice. Don't spam :)