Guest blogging purely for inbound links is a flawed strategy because the value of those links are going down. However, guest blogging for traffic is still an incredibly viable strategy. While that inbound link you get at the end of a guest post doesn’t have as much SEO value as it used to, it still has the value of exposing your content to a new audience.

Direct traffic is people who type your URL into their navigation bar, or who use a bookmark. These are your regular visitors, people who’ve discovered you in some other way and are now coming back, and — less now than in the past — people who type in a URL they’ve seen on your offline ads or who guess your web address based on your company name. Direct traffic is often the highest converting kind, but it can also be regular blog readers or your own staff. Filter your workers out if at all possible to keep your data clean. If you can’t filter them, at least ask them to use direct methods (rather than search, for example) and you may be able to identify it when you work in Analytics. Any traffic that Google can’t identify will also show up in Direct traffic, and that can include ads if you haven’t hooked up your ad accounts with your analytics, email or SMS campaigns if you haven’t tagged them for Google, and other sources that aren’t identified. Tag well and you’ll see less of this.
If you check out some of the suggestions below this though, you're likely to find some opportunities. You can also plug in a few variations of the question to find some search volume; for example, I could search for "cup of java" instead of "what is the meaning of a cup of java" and I'll get a number of keyword opportunities that I can align to the question.
Yahoo Answers is one of my favorite traffic generation sources when it comes to answer sites. It has been one of my main traffic sources on a niche site for a long time, even after I haven’t used it for months. The main thing is to give your best when answering. If your answers are chosen as the best ones, you will have more respect in the eyes of the visitors so… yes, more of them will come to check out your blog.
If the blog post you’ve selected has less than 2,000 words, one simple way to increase organic traffic is to increase the word count — but don’t just fluff it up. Make sure any content you add also adds value. Instead of watering down paragraphs, add completely new sections that cover points you haven’t introduced yet. Chances are, the added word count will allow you add additional keywords. Speaking of…
We used to like best to see a fairly balanced mix, back when there were mostly just three sources: Organic, Direct, and Referral. Organic Search traffic is a good sign of general site health, it’s usually the top source of conversions, and it generally shows great ROI. Direct traffic is often the people who love your site or are coming back to buy after they found you in some other way. These two groups of visitors are probably the ones that bring you the most sales or leads.
Good point,The thing with this client is they wanted to mitigate the risk of removing a large number of links so high quality link building was moved in early before keyword research. So it is on a case by case basis, but defiantly a good point for most new clients I work with who do not have pre-existing issues you want to do Keyword Research very early in the process. 
The Google, Yahoo!, and Bing search engines insert advertising on their search results pages. The ads are designed to look similar to the search results, though different enough for readers to distinguish between ads and actual results. This is done with various differences in background, text, link colors, and/or placement on the page. However, the appearance of ads on all major search engines is so similar to genuine search results that a majority of search engine users cannot effectively distinguish between the two.[1]
On the basis of this article alone, you should be given a Ph.D in internet traffic generation. Absolutely fantastic set of ideas & sources for traffic generation. I had taken a print of this article the first I read it and then took some serious action of some of the ideas that have mentioned here - flickr images, blog commenting, slideshare (this even resulted in some great business leads and closures), sites such as blog engage, blog interact, social media sources such as LinkedIn, forum participation etc. And they have done wonders to my sites. The fact that there are 319 comments here even as I write is testimony to the authenticity of the ideas presented here. Great article which will one day be a classic - if it is not already.
A great way to break your web traffic without even noticing is through robots.txt. Indeed, the robots.txt file has long been debated among webmasters and it can be a strong tool when it is well written. Yet, the same robots.txt can really be a tool you can shoot yourself in the foot with. We’ve written an in-depth article on the critical mistakes that can ruin your traffic in another post. 
Traffic data is a great way to take the temperature of your website and marketing initiatives. When you are writing and promoting blog content on a regular basis, you can use traffic data to track results and correlate these efforts to actual ROI. Be sure to look at traffic numbers over long-term intervals to see trends and report on improvement over time.  
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