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what is link building and how many types of it?

Link building is a powerful process to get your website higher up the search engines. Link Building is the process of creating inbound links to ones own website. Here are mainly three types of link building one way link building, reciprocal and 3 way link building
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Mainly, link building is part of seo off page work, it is builted more ways like directory submission, forum post, signatures, blog post and comment, press release, classifieds. and it is linked as, one way, two way (reciprocal), three way.
There are basically two types of Link Building:
(i) One way link
(ii) Reciprocal link
Thanks
There are three ways of link building:
One way - This links are natural link building
Two way - also known as link exchange
Three way - Also known as referral link building