Some people don’t know about this, but do you know that the number of outgoing links in a page affects the value of the Pagerank vote or Google juice you are giving to them? Like if I have a web page with a Pagerank of 5 and 10 outgoing links, and another web page with the same Pagerank but only 5 outgoing links, the link given by the page with 5 outgoing links has a higher Pagerank vote value than that of 10 outgoing links. You can see a more complicated and detailed explanation of Pagerank on Wikipedia.
Having this in mind, try to minimize your outgoing links to conserve some Google juice. Link only to pages that need some Google juice. Like me, when I talk about popular sites like Yahoo, Google and MSN, I don’t link to their website anymore. They already have enough Google juice and people already know about them. Unless I’m referring to a specific page on their website, I will not link to them.
Links are so valuable today that some people are willing to pay some money just to have a link from your site. Of course, I’m giving some free links to friends, but to the people unknown to me, you can still have a link from my site by purchasing one on Text Link Ads. Finally, Text-Link-Ads accepted this blog on their program.