Linkwheel is a tactic similar to link farm or spamming. I wouldn't recommend it at all.
It is a system of websites that point to each other in an attempt to improve SERP.
A linkwheel is a tactic of generating traffic which involves a set of web 2.0 properties being linked together in a wheel-like structure to promote a page on the web. If done correctly, this method can generate tons of traffic, and many backlinks too.
it helps generate instant rankings. determine your focus hub and build a linkwheel around that page. linkwheel can help keywords climb in Google's top SERPs.
