In answer to your questions.
Incoming links are links on other web sites that lead to your site.
Outgoing links are links on your site pointing to another site.
A link exchange is when two sites agree to set up links pointing at each other.
I am not sure what you mean by "spider note". I have never heard the phrase and couldn't find any information on it when I did some checking.
DO NOT use text or links colored to match the background of your site. This is a form of spam and many search engines will delete your listings for it.
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Originally Posted by [url
http://new.blogger.com/about.pyra[/url]] What is a weblog/blog?
A blog is a web page made up of usually short, frequently updated posts that are arranged chronologically-like a what's new page or a journal. The content and purposes of blogs varies greatly-from links and commentary about other web sites, to news about a company/person/idea, to diaries, photos, poetry, mini-essays, project updates, even fiction.
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There are a number of blog tools available free of charge.
http://www.blog.com
http://sourceforge.net/search/?words=blog
Hope that helps